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Tipsters sentiment mirrors mining sector performance in 2018

By James Bowden of Stockomendation | Saturday 25 August 2018


 


It’s been a tough few months for the mining sector in 2018, with the All Share Mining Index down over 10% since the beginning of the year and mining shares hitting a two-year low last week. Precious metal miners in particular have suffered a rough summer; the price of gold now sits at $1,196, down from $1304 on 1st January, while Holders of some of the larger companies in this sector – such as Fresnillo (FRES)Centamin (CEY) and Hochschild (HOC) – will have seen the losses of over 30%. It’s not all doom and gloom in the sector though: success stories can be found amongst the small-caps, with Gem Diamonds (+57% in 2018) and Atalaya Mining (+26.1%) heading the list of miners that have provided strong returns so far.

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