|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||76.48 - 77.79|
|52 Week Range||58.26 - 77.92|
|Beta (3Y Monthly)||-0.00|
|PE Ratio (TTM)||67.25|
|Forward Dividend & Yield||0.96 (1.25%)|
|1y Target Est||81.27|
Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ.TO) is excited to announce that it has closed the sale of a 2% net smelter returns royalty (the “NSR”) to Franco-Nevada Corporation (“Franco-Nevada”) (TSX, NYSE: FNV) linked to production at the Valentine Lake Gold Camp in central Newfoundland, for gross proceeds of CAD $18,000,000. The NSR applies to the entire Valentine Lake property and covers the sales of precious and base metals and minerals. Marathon has an option to buy back 0.5% of the NSR for US $7 million until December 31, 2022. “Franco-Nevada's purchase of the NSR is a major endorsement of the Valentine Lake project by one of the best-known and regarded public royalty companies," said Phillip Walford, President and CEO of Marathon.
The $11 billion VanEck Vectors Gold Miners ETF, ticker GDX, saw trading volume spike to its highest in two months Tuesday. GDX is the largest materials ETF and tracks corporations that are primarily involved in mining gold and silver. The precious metal offers a potential hedge against global political uncertainties like the U.S.-China trade war.
Solid commercial and operational performance across International Paper's (IP) three businesses is likely to drive its results.
As one of the top commodies affected by interest rates, gold is currently uptrending on the London Bullion market. One troy ounce jumped 3.3% to $1,310 on Feb. 7 from the average of $1,268.49 for 2018. Warning! GuruFocus has detected 7 Warning Signs with FNV.
Franco-Nevada Corporation is pleased to announce that its Board of Directors has declared a quarterly dividend of US$0.24 per common share. The Company has a Dividend Reinvestment Plan (the "DRIP"). Participation in the DRIP is optional.
Franco-Nevada (FNV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Cabot's (CBT) performance in Q1 hurt by weaker environment in China along with softer automotive demand and customer inventory destocking. The company lowers adjusted EPS view for fiscal 2019.
WestRock's (WRK) first-quarter fiscal 2019 results are likely to be hurt by scheduled maintenance downtime and the impact of Hurricane Michael.
A bull market was born in gold prices last quarter, and it continues to shine brightly. And gold stocks are being bid up alongside the commodity, bringing new opportunities to traders. Today we'll identify a few of the best looking candidates to consider. Since carving out a low at $1,167 last year, gold has surged $135 or 11.5%. Along the way, the yellow metal climbed back above its 200-day, 50-day and 20-day moving averages to fully reverse its short-term and intermediate-term trends. One of the most obvious catalysts for the strength was the dreadful descent in risk assets like stocks. Scared investors have a history of hiding in the gold mine. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Perhaps the most bullish development to speak of is how well gold has stayed up during the recent market recovery. Although the S&P 500 has rallied some 12.5% off its lows, gold hasn't budged an inch. In fact, it's lifting to a new six-month high as I type. * 10 Triple-A Stocks to Buy in February Against this backdrop, many gold stocks are once again finding their luster. Here are three of the best gold stocks out there. ### Vaneck Vectors Gold Miners ETF (GDX) Click to Enlarge Source: ThinkorSwim Traders seeking exposure to gold stocks have two choices: Pick individual companies or buy the whole industry via an exchange-traded fund. The former route is riskier but offers more potential reward if you can identify a company that delivers industry-beating returns. For those unwilling to roll the dice on their stock-picking skills, the ETF path beckons. The Vaneck Vectors Gold Miners ETF (NYSEARCA:GDX) is Wall Street's most liquid avenue for buying a basket of gold stocks. With Friday's rally and this morning's follow through, GDX is once again testing resistance at $21.50. And I suspect a breakout and additional upside is just a matter of time. Buy GDX with a stop below $20.15. ### Agnico Eagle Mines (AEM) Click to Enlarge Source: ThinkorSwim Friday's rally in Agnico Eagle Mines (NYSE:AEM) was impressive. The 4.3% rip carried AEM stock from the lower to the upper end of its two-month base in a single session. With AEM now sitting atop all major moving averages, it's well positioned to accelerate its recovery higher. Watch for a break above resistance at $41.50 to confirm the completion of the recent basing pattern. Old support near $44 is the next upside target. * 10 of the Best Stocks to Invest In for February AEM stock options boast sufficient liquidity for a short premium play. Sell the March 39 puts for 90 cents. ### Franco-Nevada Corp (FNV) Click to Enlarge Source: ThinkorSwim As one of the largest holdings of GDX, Franco-Nevada Corp (NYSE:FNV) looks similar to the posture of the ETF. With last week's rally, FNV now sits well above a rising 20-day, 50-day and 200-day moving average. Distribution days have been absent for the past six weeks showing little selling aggression beneath the surface. The pair of pullbacks from early-January both tested and held support near $68, so that's the line in the sand for bulls. Provided we remain above it, buyers deserve the benefit of the doubt, and the path of least resistance is higher. The next two resistance zones of $76 and $80 are logical upside targets. FNV options don't offer much liquidity, so would-be buyers should go with a straight stock play. As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to protect your portfolio against a market crash. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Recession-Proof Stocks to Buy ... According to Goldman Sachs * 10 Triple-A Stocks to Buy in February * 7 Smart Money Opinions on Where Stocks Are Going Next Compare Brokers The post 3 of the Best Gold Stocks to Mine for Cash appeared first on InvestorPlace.
While Eastman Chemical (EMN) faces headwind from higher raw material costs, it should gain from cost actions and sustained growth of high margin products in Q4.