
TSE:AEM
He doesn't own any gold stocks. If you want to enter, focus on large-cap, senior gold stocks. They offer more conservative growth, there's a lot behind them (more than just 1 mine or project), and they're in friendlier jurisdictions. AEM is a great producer with lower costs, this would be his #1 choice.
99% of revenues come from gold. Credible management, hits targets. Beat street forecasts in last 18 of 20 quarters. Good dividend growth history; paying one for last 40 years, 17% compound growth rate over last decade. Likes gold. Mines are located where there's little political risk. Yield is 2%.
(Analysts’ price target is $117.42)
Largest holding in portfolio. Share price has doubled the past year. Expecting gold prices to keep rising with geopolitical tensions. Large amounts of gold being held by central banks instead of US dollar.