|Bid||0.00 x 1000|
|Ask||23.09 x 1800|
|Day's Range||22.99 - 23.36|
|52 Week Range||17.28 - 23.70|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.10|
|Expense Ratio (net)||0.53%|
The yellow metal has been on fire, with gold hitting multi-month highs and threatening to run to new 52-week highs should its recent momentum continue. As such, gold stocks have been on the move as well, pushing higher as its underlying product gains in value. * The 10 Best Cheap Stocks to Buy Right Now To no surprise then, the SPDR Gold ETF (NYSEARCA:GLD) continues to climb as well, a trade we outlined the other day as part of our daily Top Stock Trades note. Should it hold up over support, the GLD can certainly press higher and threaten to make a much larger breakout. Let's look at three of the best gold stocks that could climb as a result.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold Mining ETFs Click to EnlargeThe most direct way to play gold is through physical bullion. Meaning that investors can head to their local coin and metals dealer or an online site that sells gold coins, bars and bullion. That's the most obvious and direct way of investing in the metal, but there are added costs to account for. Storing the metal, shipping it and paying a premium are all considerations before making a decision.Then there's the futures market, which is a direct way to purchase the metal. However, short of playing these contracts as a trade, they will eventually expire. It will force the investor to continually "roll" their investment into another futures contract or exercise the contract and take delivery of physical gold.So that leaves gold stocks ETFs as one alternative. Investors can consider the GLD ETF, which we highlighted above as one option. Of the gold ETFs, it's certainly the most popular. While there are drawbacks to owning gold ETFs vs. physical bullion (just as there are drawbacks to owning the latter instead of the former), gold ETFs are certainly the easiest to buy and sell. It's just like buying and selling a stock and it makes for a simple way to diversify.Another option? Owning gold miner ETFs. The largest and most well-known are the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) and the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ). Gold miners perform much like gold, but generally have larger moves in the both directions. So if you believe gold is set to rally, it's quite likely that the GDX and GDXJ will outperform. If you believe gold is set to fall, these two will likely like underperform the underlying metal. Barrick Gold (GOLD) Click to EnlargeGetting into company-specific gold stocks, one consideration is certainly Barrick Gold (NYSE:GOLD). The miner commands a market cap of $24.1 billion after it merged with Randgold at the beginning of the year. Aside from the synergies created by the deal and the benefits of larger scale, GOLD has one big benefit investors miss when investing directly in gold or the GLD: yield.One big complaint about investing in gold is that it's a hard asset. It does not generate income, report profits or have a business that becomes more valuable over time. Instead, it simply relies on investor demand and inflation to boost its value. With Barrick though, investors can collect a 2% dividend yield from their investment. That's no 7% like you get from AT&T (NYSE:T), but it is a nice chunk of income. * 7 Healthy Dividend Stocks to Buy for Extra Stability Analysts predict that revenue will rise 16% this year, fueling a 29% increase in earnings to 45 cents per share. I don't like to put much (if any) credence into outlooks two years out because commodity prices can fluctuate so much in that span, but analysts are calling for a further 9% bump in earnings despite relatively flat revenue growth in fiscal 2020. Kirkland Lake Gold (KL) Click to EnlargeA much smaller name worth considering is Kirkland Lake Gold (NYSE:KL). Standing with a market cap of "just" $7 billion, KL is less one-third the size of GOLD. However, that doesn't mean we should ignore this business.On Thursday, shares are bursting higher, climbing over 7% and hitting new 52-week highs after management raised its 2019 production outlook. More production amid rising gold prices means more revenue and more profit. Assuming that's the case, the estimates for fiscal 2019 will likely need to come up.KL still needs to report its fourth-quarter earnings results for fiscal 2018. Full-year 2018 estimates call for earnings of $1.23 per share on sales of $880.5 million. In Q3, management said it expects a strong finish to the year. If it can top those estimates and provide strong guidance, the stock could have more upside. Specifically, estimates call for earnings of $1.59 in fiscal 2019 on revenue of $1 billion, representing growth of 29% and 13.6%, respectively.With more than $250 million in cash and no debt, Kirkland is attractive in regards to the balance sheet but it pays a paltry dividend yield of just 0.35%. One other note: KL stock has been ripping, so waiting for a pullback may be wise for investors. Another note? KL will report earnings on February 22nd.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post 3 Gold Stocks Percolating Right Now appeared first on InvestorPlace.
The VanEck Vectors Gold Miners ETF (NYSE: GDX), the largest gold miners exchange traded fund listed in the U.S. saw major volume spike Wednesday following a huge uptick in turnover on Tuesday. On Wednesday, 62 million shares changed hands in GDX, well above the ETF's average daily volume of 49 million. GDX “saw trading volume spike to its highest in two months Tuesday,” reports Bloomberg.
Shares of Newmont Mining Corp. shot up 3.1% in premarket trade Thursday, after the gold miner beat profit and sales expectations. The company swung to net income of $2 million, or breakeven on per-share basis, from a loss of $542 million, or $1.01 a share, a year ago, due primarily to lower tax expense. Excluding non-recurring items, adjusted EPS rose to 40 cents from 1 cent, beating the FactSet consensus of 24 cents. Sales rose to $2.05 billion from $1.94 billion, above the FactSet consensus of $1.88 billion. Gold production increased 8% while the realized price fell 3%, while copper production was unchanged but the realized price fell 18%. The stock has gained 5.4% over the past three months, while the VanEck Vectors Gold Miners ETF has hiked up 18% and the S&P 500 has climbed 5.1%.
What’s in the Cards for Newmont Mining’s Q4 Results?Newmont Mining’s earnings Newmont Mining (NEM) is scheduled to release its Q4 2018 earnings on February 21 before the market opens. The company will hold a conference call the same day at
Precious metals mining stocks and sector-related ETFs surged as gold prices strengthened and investors look toward attractive areas in the late market cycle. Among the best performing non-leveraged ETFs ...
The VanEck Vectors Gold Miners ETF (GDX), the largest gold miners exchange traded fund, is up more than 6% year-to-date, but over the past month, that gain is closer to 9%, underscoring the recent strength in gold miners equities. Some market observers believe that strength can continue over the near-term. Investors have seen government policy on both the monetary and fiscal side, such as interest rates, money supply, tax, regulations and spending, affect the outlook for gold prices.
Kinross Gold Beat Its Q4 Earnings EstimatesKinross Gold’s earnings Kinross Gold (KGC) released its fourth-quarter earnings results after the market closed on February 13. The company will hold its conference call on February 14. Kinross Gold
Yamana Gold: What's in the Cards for Q4 2018 Results?Yamana Gold’s performance Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date. Until February 12, the stock has gained 12.5% against Agnico Eagle Mines’ (AEM), Kinross
Barrick Gold Tanks on Mixed ResultsBarrick Gold’s Q4 2018 earnings Barrick Gold (GOLD) reported its Q4 2018 and 2018 results today before markets opened. It reported adjusted EPS of $0.06 for Q4, slightly beating the consensus estimate of $0.05.
Investors Are Awaiting This Update from Kinross Gold's Q4 ResultsKGC’s underperformance After underperforming its peers (GDX) (NUGT) in 2018, Kinross Gold (KGC) has continued that underperformance this year. Its stock had returned 1.3% YTD
Barrick Gold Corp. reported Wednesday a fourth-quarter net loss that widened to $1.20 billion, or $1.02 a share, from $314 million, or 27 cents a share, in the same period a year ago. Excluding non-recurring items, such as asset impairment charges and tax adjustments, adjusted earnings per share fell to 6 cents from 22 cents, but matched the FactSet consensus of 6 cents. Revenue declined 14.5% to $1.90 billion, missing the FactSet consensus of $1.96 billion. Barrick's stock edged up 0.35 in premarket trade. The average realized gold price during the quarter was $1,223 an ounce, up from $1,216 in the third quarter, while production rose to 1.26 million ounces from 1.15 million ounces in the third quarter. Copper production rose to 109 million pounds from 106 million pounds in the third quarter. The stock has rallied 7.6% over the past three months, while the VanEck Vectors Gold Miners ETF has soared 19.7% and the S&P 500 has gained 0.8%.
Technically speaking, the S&P 500 continues to trend higher, writes Michael Ashbaugh, rising to its second test of major resistance matching the 200-day moving average.
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks SoGold’s gains Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December. The major driver of
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Factors affecting Barrick’s estimates As we’ve seen previously in the series, Barrick Gold (GOLD) has underperformed its peers year-to-date. Most of the analysts are
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Tanzania tax dispute One of the major issues for Barrick Gold (GOLD) remains subsidiary Acacia’s tax dispute with the Tanzanian government. The government of Tanzania banned
What to Look For in Barrick Gold’s Q4 EarningsBarrick Gold’s merger with Randgold Barrick Gold (GOLD) announced its merger with Randgold Resources on September 24. Due to the perceived synergies, both the stocks gained after the news. Between the
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Valuation for capital-intensive industriesThe EV-to-EBITDA (enterprise value-to-EBITDA) multiple is a good measure of valuation for capital-intensive
Weakness in global markets and another round of trade worries reignited the safety trade with exchange traded funds tracking gold prices and the gold miners space rallying on Friday. Among the best performing ...
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ estimates for FCFInvestors are typically interested in gold mining companies’ (GDX) (GDXJ) ability to generate FCF (free cash flow) because it
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ forecasts Analysts estimates for gold miners’ (GDX) revenues can give us a good idea about their gold price (GLD) outlooks as well as their
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)The fewest “buy” ratings Among senior and intermediate miners (GDX) (JNUG), New Gold (NGD), Barrick Gold (GOLD), Eldorado Gold (EGO), and Kinross Gold
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Market sentiment Let’s look at Wall Street analysts’ recent ratings and recommendations for gold miners ahead of their fourth-quarter earnings results.