|Bid||101.21 x 800|
|Ask||105.69 x 800|
|Day's Range||104.84 - 106.40|
|52 Week Range||68.58 - 106.40|
|Beta (5Y Monthly)||0.12|
|PE Ratio (TTM)||99.00|
|Forward Dividend & Yield||1.00 (0.95%)|
|Ex-Dividend Date||Dec 02, 2019|
|1y Target Est||N/A|
Franco-Nevada rose back above a 100.80 cup-with-handle base, a day after rebounding from its 50-day line. Franco-Nevada isn't a gold miner but profits from royalties from interests in mines. EPS and revenue growth has accelerated for 3 straight quarters, especially the last one. RS line not especially strong.
Since 2008, when it first went public, Franco-Nevada (FNV) has outperformed gold bullion and gold equities, in both bull markets and bear markets, explains Frank Holmes, CEO of US Global Investors and editor of his blog, Frank Talk.
I'm bullish on gold, due to easy money policies by the Fed, and volatility & instability in an election year, as well as potential geo-political trouble, asserts growth stock expert Mark Skousen, editor of the industry-leading advisory, Forecasts & Strategies.
Gold is waking up into year-end. So are gold stocks. Today we'll share four ways to bank on the yellow metal's resurgence.With stocks booming in the fourth quarter, demand for precious metals has ebbed. The logic makes sense. When the risk-on switch flipped, the pull of equities and higher profit-giving assets outweighed that of metals. The potent combination of a trade war resolution and bullish seasonality provided all the excuse needed to jam stocks higher into year-end.But here's the curious thing: Gold and gold stocks are seeing massive inflows too. Shares of the world's top gold miners are breaching resistance are returning to uptrending status. We've scoured the industry and found four of the best stocks to buy if you think gold's new bull market has legs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks to Beat the Market in 2020 Take a look. Barrick Gold (GOLD)Source: The thinkorswim® platform from TD Ameritrade Barrick Gold (NYSE:GOLD) shares rally ahead came just in time for Christmas. The jump completed a multi-month rounded bottom pattern and signaled its intermediate-term uptrend is back on track. GOLD stock is now perched above a rising 20-day, 50-day, and 200-day moving average.The next two upside targets are resistance zones at $19 and $20.Ever since its mid-November earnings report, volume patterns have weighed heavily in favor of bulls with accumulation days multiplying and distribution days all but disappearing.Implied volatility is low at the 13th percentile of its one-year range. This suggests long premium plays are a smart move.The Trade: Buy the February $18/$21 bull call spread for 90 cents. Newmont Mining (NEM)Source: The thinkorswim® platform from TD Ameritrade This week's breakout pushed Newmont Mining (NYSE:NEM) shares to a three-year high. Blasting above a resistance zone that has kept a lid on price advances for years is a big deal and underscores just how powerful the demand for gold stocks has become.NEM stock is rallying above a rising 20-day, 50-day, and 200-day moving average. The momentum increase during this week's advance suggests any weakness that crops up in the near-term is a buying opportunity.Newmont shares have become overbought in the short run, so it wouldn't surprise me if some consolidation is in order. Wait for a down day or two, then deploy bull trades. * 7 Top-Tier Dividend Stocks for 2020 The Trade: Buy the February $42/$45 after a pullback emerges. Franco-Nevada (FNV)Source: The thinkorswim® platform from TD Ameritrade While its predecessors are flirting with multi-month and multi-year highs, Franco-Nevada (NYSE:FNV) just broke out to an all-time high. The past four-month consolidation pattern took on the form of a cup-and-handle with resistance at the psychologically significant $100 level.Tuesday's rally finally eclipsed the pivotal zone, and this morning's jump signals follow-through. Unfortunately, the strength is fading fast at the time of this writing, so a re-test of $100 over the coming days could be in store. As long as we don't fall back below the 20-day moving average near $98.50, the breakout is still worth betting one.The lower implied volatility favors long calls or call spreads.The Trade: Buy the February $100/$105 bull call spread for around $2.50. Wheaton Precious Metals (WPM)Source: The thinkorswim® platform from TD Ameritrade Wheaton Precious Metals (NYSE:WPM) had one of the clearest breakout setups heading into this week. For months, $28.50 had been an area where rallies went to die. Until this week.Monday and Tuesday scored huge upside that finally felled resistance. This morning's strength is adding to the gains with a push toward the 52-week high of $30.90.The momentum surge is reflected by the 20-day moving average distancing itself from the 50-day. While some backing-and-filling could be in order following three outsized up days, weakness was born to be bought.Once again, implied volatility is depressed favoring long premium plays.The Trade: Buy the February $30/$32 bull call spread for around 72 cents.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Losers That Will Be 2020 Winners * 7 Safe Dividend Stocks for Investors to Buy Right Now * 5 Artificial Intelligence Stocks to Consider The post 4 Gold Stocks to Buy as the Yellow Metal Surges appeared first on InvestorPlace.
Favorable rebar-margin environment, construction activity in the United States and positive momentum in the Poland operations make Commercial Metals (CMC) an attractive investment option.
Stellar Q3 results, the commencement of the Cobre Panama project and encouraging 2019 outlook are benefiting Franco-Nevada Corporation's (FNV) stock.
Franco-Nevada is the IBD Stock Of The Day as the royalty gold stock cleared a buy point Tuesday amid a rally in prices for the precious metal.
We suggest five gold mining stocks that outperformed the S&P 500 so far this year and are poised well to outperform in the next, backed by upbeat growth estimates and solid Zacks Rank.
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Gold remains on sound footing, and over the next 12 to 24 months, I see its price advancing further on strong fundamentals. Mean reversion, in particular, is the theme I believe investors should be focused on in 2020 and beyond., asserts Frank Holmes, CEO of US Global Investors and editor of Frank Talk.