|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||32.56 - 33.13|
|52 Week Range||25.91 - 35.04|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.32|
|Expense Ratio (net)||0.54%|
Which Senior Gold Miners Are Analysts Loving Lately and Why?Market sentimentsIn this series, we’ll take a look at the market sentiments for senior gold miners. We’ll consider analysts’ recommendations, target prices, and estimates along with
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Strengthening balance sheetsNot many investors were concerned about gold miners’ (GDX) (GDXJ) financial health when precious metal prices were high. However, as
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Reserve replacement To achieve production growth in the long term, gold miners (GDX) (GDXJ) have to replace every ounce they take out of the ground. Therefore, to
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Long-term production growth The production growth for most miners (GDX) (JNUG) is either declining or flat at best. As the discoveries have become rarer, miners
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Liquidity position Kinross Gold’s (KGC) liquidity position at the end of the fourth quarter of 2018 reflected its strategic investments. Kinross invested a total of
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Reserve replacement Gold miners (GDX) (GDXJ) face the problem of compensating for every ounce they take out of the ground. While mines have finite lives, the companies
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Production growthKinross Gold (KGC) produced 610,152 gold equivalent ounces in the fourth quarter, a decline of 6.5% YoY (year-over-year). The major reason for the
Gold and gold miner ETFs are shining through the murky markets as traders turned to the safe haven in response to the weak U.S. payroll data and weakening global economic outlook. Among the best performing ...
Barrick Gold after the Randgold Merger: Upside in 2019?(Continued from Prior Part)What impacted Barrick Gold’s production?Production growth is a crucial variable for miners. Along with realized metal prices, production growth drives a
The past few years haven't exactly been that great for the various gold stocks. In fact, it's been pretty lousy.Source: Shutterstock After gold prices crashed and stayed low for what seemed like a decade, the sector was basically dead money. The various gold miners were forced to pick up the pieces, pay down high debt loads and scrap by.But you wouldn't know that when looking at the gold stocks recently. The sector is a hotbed of activity as gold prices have surged higher. It's quickly becoming a hotbed of merger-and-buyout activity as well.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Blue-Chip Stocks to Lead the Market That includes the love triangle between Barrick Gold (NYSE:GOLD), Newmont Mining (NYSE:NEM) and Goldcorp. (NYSE:GG). The trio of top miners is locked in a battle of takeovers, hostile bids and saber rattling. The outcome of which could send the rest of the gold stocks into a tizzy.For investors looking seriously at gold, what happens to GOLD, GG and NEM are very important. Rising Prices, Rising M&A for the Gold StocksAs concerns about the health of the global economy are starting to bubble up to the surface, gold is starting to regain its luster. These days, an ounce of gold will set you back around $1330 per ounce. That's far cry from its peak, but still a very good increase from its post-recession lows.Perhaps, more importantly, it's at a level that the various gold stocks feel comfortable about turning a profit and making some big waves in the sector. With average all-in cash costs lower and precious metal prices much higher, the major gold stocks are opening their checkbooks and hunting for deals.This started with Barrick at the end of last year.Barrick made the move to acquire rival Randgold Resources for a cool $18.3 billion share-for-share deal. That buyout created the world's biggest gold mining firm. A firm that now owns five of the world's top tier one gold mines.The gave GOLD a huge advantage over its super-major rivals. So, naturally, other top gold stocks couldn't sit ideally by. With that, Newmont made a bid for struggling Goldcorp for a stock-for-stock transaction valued at $10 billion. That deal would create a worthy rival to Barrick and hold an equally impressive portfolio of mines, reserves and offer on the strongest dividends among gold stock.Here is where it gets interesting.Barrick decided that this NEM/GG deal would be detrimental to its bottom line and the threat wouldn't be easy to brush off. On that note, GOLD decided to make a hostile bid for Newmont for a whopping $17.8 billion in stock.If the buyout is successful, the deal would create the world's largest gold company with a value of around $42 billion at current market prices. The mega-sized gold stock would hold assets on almost every continent -- including Australia, Africa, the U.S. and Latin America.This isn't the first time that Barrick has tried to court Newmont in a merger/buyout. However, all other attempts haven't been successful mostly due to culture clashes at the two gold stocks.This time may not be any different as CEOs for both firms have stepped up their war of words. However, some major shareholders have backed the proposal. What It Really Does for the Gold StocksIf the Barrick/Newmont deal does go through, the size and scope of the new firm would put some fear into the rest of the sector. The combined company would hold immense scale, low costs and be able to pull around $7 billion in synergies. That's impressive. And even if GOLD isn't able to get its hands on NEM and Newmont buys Goldcorp, you're still looking at two massive gold producers.For everyone else in the sector, this a huge problem. Trying to compete with such massive entities tends to be a losing proposition. The solution to the problem is to get bigger themselves. All in all, this will lead to more M&A down the road.Top gold stocks like Agnico-Eagle Mines (NYSE:AEM), Kinross Gold (NYSE:KGC), Yamana Gold (NYSE:AUY) and even AngloGold Ashanti (NYSE:AU) are all now going to have to think big and think about how to grow in order to compete with the supermajors.For investors, this creates an interesting scenario. Already, many gold stocks have moved higher over the last year as prices for the precious metal have increased, profitability has improved and the situation in the sector isn't so dire.But now, with the majors starting to wheel and deal, and the middle tier firms being forced to think about acquisitions as well, the whole sector should start to trade at a bit of a buyout premium.This is sort of exactly what happened back in 2006/2007 when the last round of major gold stock M&A happened. Considering Gold Stocks for Your PortfolioSo, what's the portfolio answer?Betting on exchange-traded funds (ETFs) like the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) or iShares MSCI Global Gold Miners ETF (NYSEARCA:RING) could be a good start.These ETFs feature a wide swath of those firms that could be doing the buying and those that could be bought-out over the next few quarters. Moreover, the ETFs makes it easy for investors and there's no need to pick specific winners.All in all, the Barrick/Newmont/Goldcorp saga is far from over. But its real contribution to the gold mining sector is more M&A. Mid-tier and smaller rivals will be forced to grow in order to compete. For investors, that should bring up the values of almost any gold stock with real assets and production.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Consumer Stocks to Buy and Hold for Years * 4 China Stocks Soaring on Trade Hopes * 3 Esports Stocks to Benefit From the Boom Compare Brokers The post Bet On Gold Stocks as the M&A Love Triangle Gets Interesting appeared first on InvestorPlace.
The merger mania sweeping the gold mining sector isn't a flash in the pan - it's likely just begun. In other words, expect more mergers and acquisitions in the gold mining sector. This continued takeover activity in the gold patch means that stock prices for gold miners in general, and junior gold miners in particular, should surge over the coming months and years.
Can Newmont Mining Outperform Its Peers in 2019?(Continued from Prior Part)Project pipelineThe future visibility on growth boosts stocks. For miners, project pipelines and past execution are key factors in determining future production.Newmont
Gold's recovery started months before the stock market's, and two gold mining ETFs are rallying toward 52-week highs and above buy points.
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.
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)Market sentiment Let’s look at Wall Street analysts’ recent ratings and recommendations for gold miners ahead of their fourth-quarter earnings results.
Do These Factors Point to a Strong Start for Gold in 2019?(Continued from Prior Part)Gold-backed ETFsAccording to the World Gold Council, holdings in gold-backed ETFs and similar products rose by 69 tons in 2018, equivalent to $3.4 billion worth of
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)AngloGold Ashanti’s rerating potentialSouth African miners (GDXJ) have traditionally traded at discounts to their global counterparts (GDX), primarily due to South
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)AEM has the highest multiple Among intermediate gold miners (GDX), Agnico Eagle Mines (AEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Agnico Eagle MinesWhereas several gold (GLD) mining companies are likely to see M&As (mergers and acquisitions), Agnico Eagle Mines (AEM) may not be
Gold is set for its seventh day of declines after a 15.65% rally into February. How are concerns over China trade, Brexit, fund flows, and a possible Newmont-Barrick tie-up affecting pricing of the yellow metal? Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss.