Is AuRico Gold Inc (USA) (AUQ) Going to Burn These Hedge Funds?

Page 1 of 2

Is AuRico Gold Inc (USA) (NYSE:AUQ) a good investment?

In the eyes of many traders, hedge funds are seen as delayed, outdated investment vehicles of an era lost to time. Although there are In excess of 8,000 hedge funds in operation in present day, Insider Monkey focuses on the masters of this club, around 525 funds. It is widely held that this group has its hands on most of the smart money’s total capital, and by keeping an eye on their highest performing stock picks, we’ve deciphered a number of investment strategies that have historically outpaced the S&P 500. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (see all of our picks from August).

Equally as necessary, optimistic insider trading sentiment is a second way to analyze the investments you’re interested in. Obviously, there are many motivations for an executive to drop shares of his or her company, but only one, very simple reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this method if piggybackers know where to look (learn more here).

Furthermore, we’re going to examine the latest info about AuRico Gold Inc (USA) (NYSE:AUQ).

AuRico Gold Inc (USA) (NYSE:AUQ)

Hedge fund activity in AuRico Gold Inc (USA) (NYSE:AUQ)

At Q2′s end, a total of 12 of the hedge funds we track held long positions in this stock, a change of 9% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings meaningfully.

When using filings from the hedgies we track, Peter Franklin Palmedo’s Sun Valley Gold had the biggest position in AuRico Gold Inc (USA) (NYSE:AUQ), worth close to $15.3 million, accounting for 2.1% of its total 13F portfolio. Sitting at the No. 2 spot is Michael Kaufman of MAK Capital One, with a $10.9 million position; 2.6% of its 13F portfolio is allocated to the company. Remaining peers that are bullish include Chuck Royce’s Royce & Associates, Steven Cohen’s SAC Capital Advisors and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners.

As one would understandably expect, certain bigger names have jumped into AuRico Gold Inc (USA) (NYSE:AUQ) headfirst. Sun Valley Gold, managed by Peter Franklin Palmedo, initiated the most outsized position in AuRico Gold Inc (USA) (NYSE:AUQ). Sun Valley Gold had 15.3 million invested in the company at the end of the quarter. Michael Kaufman’s MAK Capital One also made a $10.9 million investment in the stock during the quarter. The following funds were also among the new AUQ investors: Chuck Royce’s Royce & Associates, Steven Cohen’s SAC Capital Advisors, and Gregory Fraser, Rudolph Kluiber, and Timothy Kroch’s GRT Capital Partners.

Insider trading activity in AuRico Gold Inc (USA) (NYSE:AUQ)

Insider buying is most useful when the company in focus has seen transactions within the past 180 days. Over the latest half-year time frame, AuRico Gold Inc (USA) (NYSE:AUQ) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to AuRico Gold Inc (USA) (NYSE:AUQ). These stocks are Harmony Gold Mining Co. (ADR) (NYSE:HMY), IAMGOLD Corporation (USA) (NYSE:IAG), Central GoldTrust (NYSEAMEX:GTU), NovaGold Resources Inc. (USA) (NYSEAMEX:NG), and Allied Nevada Gold Corp. (NYSEAMEX:ANV). This group of stocks are in the gold industry and their market caps are closest to AUQ’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!