Monday, December 14, 2015

BNN Top Picks: Franco-Nevada $FNV, BCE $BCE, Agnico Eagle $AEM

Jaime Carrasco, Director & Assoc. Portfolio Manager at Scotiabank
FOCUS: Resource & Utilities Stocks and REITs

Three of my BNN top picks are beating the Dow year to date in U.S. dollar. It’s surprising because the industry index (HUI) is down 30 percent during this same period, and they are the three precious metals producers that I have been consistently recommending for the last three years. Detour Gold is leading the charge up 30 percent followed by both Agnico Eagle and Silver Standard up 10 percent, in contrast the Dow is flat for the year. That goes to show that good old fashion stock picking still works. These numbers are much greater in the Canadian dollar. (more)

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