Polymetal, Fresnillo or Centamin?

Sally57

I allocate a small percentage (10% max) of my overall portfolio to investing in individual shares. I try to invest when I think the shares are relatively cheap or undervalued. This has worked for me up to now for example with GSK - bought in at around £12.00 and now trading at approx £14.20 plus dividends. The same applies to L&G and AstraZeneca. I'm now looking at a small investment in a gold mining stock because they are pretty cheap at this time. Out of the 3 stocks in the thread title I am leaning towards Polymetal, but if anybody has any opinions on these stocks it would be appreciated. Thanks in advance for any input.

Adyinvestment

I have Centamin shares, I am of the view they are a cash rich company with a solid dividend policy and approx 6% yield.

I only choose dividend shares that I believe have growth in them also and at this price I can see plenty of upside, the reason their price has dropped is due to mining disruptions that are being corrected.

I am not familiar with the other 2.

StellaN

I have a small investment in Polymetal (POLY) which I'm quite happy to hold. I believe Fresnillo and Centamin are more volatile but imo Centamin is also worth considering at the current price. Both POLY and CEY currently have good dividend yields.

Linton

Fresnillo is more silver than gold.

StellaN

You may also want to consider a gold ETF or ETC such as the WisdomTree one below or alternatively if you prefer an OEIC then if you do some research I'm sure there will be one to consider.

WisdomTree Physical Gold - GBP Daily Hedged

Steve182

For gold I like CMCL. They have just opened a $65m self funded new shaft and are cheap at £9.

Their AISC is around $900 so they are not going to be struggling anytime soon.

More conservatively consider Amati Strategic Metals Fund