Would You Rather Own Facebook, or All the Precious Metal Companies in the World?

Palisade Capital |


Facebook_Graph.jpg

Last week we compared the five largest companies on the NASDAQ to the publicly listed metals & mining universe. This week, we refined the universe a bit more and compared the tech behemoth Facebook, Inc. (FB) to the precious metal players.

Facebook, which boasts a market cap of $150 billion, is nearly equal to the entire publicly listed precious metals universe, which has a market cap of just $170 billion!

That begs the question: Would you rather own Facebook, or every single publicly listed precious metals company in the world?

With Goldcorp (GG) , Newmont Mining (NEM) , and Barrick (ABX) declining on average 80%, it is hard to conceive a much lower valuation for the sector.

 

Written by Cejay Kim, Vice President of Investments at Palisade Capital 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
FB Facebook Inc. 136.34 0.90 0.66 9,127,199
GG Goldcorp Inc. 16.87 0.30 1.81 4,425,844
ABX Barrick Gold Corporation 19.85 0.31 1.59 8,783,643
NEM Newmont Mining Corporation 35.80 -0.28 -0.78 3,984,159

Comments

Emerging Growth

PixarBio Corp

PixarBio Corp is a specialty pharmaceutical/biotechnology company focused on pre-clinical and commercial development of novel neurological drug delivery systems for post-operative pain.

Private Markets

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…