The flipside of the Eco30

Not all companies on the European stock index are having as good of a run as Delta. Gold fell around 5% for the quarter and seems to have lost its shine considering that companies whose businesses depend on the precious metal were seriously affected by its depreciation.

Kinross led poor performers and was 16.2% down for the quarter while Rio Tinto fell 15.7%. Goldcorp and Freport-McMoRan shaved 6.0% and 0.6% respectively.Still, companies with business linked to gold were not the only Eco30 firms with flagging performance. Apple fell 16.8% on the quarter.

But still, the market consensus offers a clear buy reccomendation even if the firm has slowed down in the last several months. The same trend has affected its target price, which has dropped 22.7% to 580 dollars per share.