Q: Thinking of taking profits on NTR and replacing with AEM based on better outlook. Is this a reasonable trade?
5i Research Answer:
They are of course very different, and will move with differing influences. AEM looks fine to us, though, and both have been acting better of late. AEM is more expensive on valuation, but then again many golds are. We would prefer owning both for diversification than picking one over the other.