2.2800 +0.04 (1.79%)
Pre-Market: 8:44AM EDT
|Bid||2.2900 x 36900|
|Ask||2.2900 x 28000|
|Day's Range||2.1600 - 2.2500|
|52 Week Range||1.4300 - 2.2500|
|Beta (3Y Monthly)||-0.98|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.07 (4.00%)|
|1y Target Est||2.33|
If we are indeed entering a major bull market for the metal then savvy investors should consider buying smaller cap gold mining stocks rather than either the metal itself or the larger miners. The easiest way to do that via the VanEck Vectors Junior Gold Miners exchange-traded fund , which tracks a basket of smaller, so-called junior gold mining firms. Weak Dollar, Strong Gold Part of the recent surge in the price of gold is because the dollar is weakening.
U.S. stocks have rocketed higher this week thanks to a sudden dovish tilt from Federal Reserve policy officials as the futures market screams for multiple rate cuts this year.Suddenly, the U.S. economy is looking uneven as a fiscal drag (President Donald Trump's tax cuts are fading), a deepening trade rift and weakness overseas taps the brakes on things like manufacturing activity.And just like that, instead of worrying about increasing regulation on big technology stocks or a disruption to global supply chains into and out of China, Wall Street is enjoying the sugar rush from the promise of another dose of ultra-cheap money from the Fed. They don't even play coy anymore -- they're just a bunch of liquidity junkies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe U.S. dollar is weakening in response, as monetary malfeasance raises the risk of runaway inflation and higher commodity prices. * 7 Stocks to Buy That Don't Care About Tariffs Gold and silver stocks briefly caught a bid today in response, sending the metals up off recent technical support levels. While most of their share prices normalized, all of these stocks exhibit strong technical signals to watch into next week. Related mining stocks have pushed higher as well. Here are five gold stocks and silver stocks ready for new money: Harmony Gold Mining (HMY) Click to EnlargeShares of Harmony Gold Mining (NYSE:HMY)are rising up and off of support form its 50-week moving average, set for another challenge of its 200-week moving average and a possible end to a four-year downtrend.The company explores, develops, and processes gold producing properties in South Africa and Papua New Guinea.Shares were recently upgraded to overweight by analysts at JPMorgan. Back in December, the company and its Wafi-Galpu Joint Venture partner Newcrest Mining Limited signed an agreement with the Independent State of Papua New Guinea to proceed with the development of that new project. Kinross Gold (KGC) Click to Enlarge Shares of Kinross Gold (NYSE:KGC) are challenging their 200-day moving average, rising more than 40% off of their recent low in what looks like a setup for a run at the early 2018 highs near $4.75.Such a move would be worth a gain of nearly 40% from here. The company produces precious metals in its facilities throughout the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania.As of the end of 2018, the company has proven and probable mineral reserves of roughly 25.5 million ounces of gold. The company will next report results on July 31 after the close. Analysts are looking for earnings of two cents per share on revenues of $815.7 million. * 7 Stocks to Buy As They Hit 52-Week Lows When the company last reported on May 7, earnings of seven cents per share beat estimates by five cents despite a 12.4% decline in revenues. NovaGold Resources (NG) Click to Enlarge Shares of NovaGold Resources (NYSEAMERICAN:NG) are rising up and off of solid support going back to 2015, setting the stage for a challenge of the mid-2018 highs near $5, which would be worth a gain of roughly 20% from here. The company is focused on developing its Donlin Gold project.The company recently reported a loss of two cents per share, matching the estimates of two analysts, while reaffirming their forward guidance. The Donlin Gold project is a large, still undeveloped deposit about 280 miles northwest of Anchorage, Alaska.The deposit has proven and probable reserves estimates at 33.9 million ounces of gold and a rate of around 2.1 grams per ton. Barrick Gold (GOLD) Click to EnlargeShares of Barrick Gold (NYSE:GOLD)are rising off of a solid base of support near the $12-a-share level to once again attempt a breakout above its 200-week moving average that's been in play since late 2017.Earlier this month, management indicated that company leadership had met with government officials in Papua New Guinea to reaffirm their commitment to a mining lease extension set to expire on Aug. 16.The company will next report results on July 24 before the bell. Analysts are looking for earnings of eight cents per share on revenues of $2.1 billion. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% When the company last reported on May 8, earnings of 11 cents per share beat estimates by two cents on a 16.9% rise in revenues. First Majestic Silver (AG) Click to Enlarge Shares of First Majestic (NYSE:AG) are rallying off of multi-year support near the $5-a-share level, ready for a breakout above the 200-week moving average.The stock has basically gone nowhere since 2016, but looks ready to come out of hibernation. Analysts at B. Riley FBR recently initiated coverage, noting the stock offers significant leverage to silver prices.The company will next report results on Aug. 13 before the bell. Analysts are looking for a loss of two cents per share on revenues of $134.9 million.When the company last reported on May 9, earnings of a penny per share beat estimates by four cents on a 48.1% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 5 Gold and Silver Stocks Touching Intraday Highs appeared first on InvestorPlace.
Commodity companies are pushing to meet Papua New Guinea's new prime minister, who is set to deliver a nationwide address on Wednesday as he starts to overhaul the way the gas-rich country manages its vast natural resources. James Marape's speech is due to be broadcast around 6 p.m. local time (0800 GMT), just as thousands around the rugby league-loving nation gather at their televisions ahead of the State of Origin match, a big derby in Australia. The former finance minister promised he would be "taking back" the economy under his leadership when parliament elected him prime minister last week in the wake of Peter O'Neill's resignation from the position.
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable […]
South African power utility Eskom implemented major electricity cuts for a third straight day on Tuesday, as a shortage of generating capacity exposed the frailty of the struggling state-owned firm despite government promises to revive it. President Cyril Ramaphosa is trying to reform Eskom, which supplies more than 90 percent of the power in Africa's most industrialised economy but is drowning in more than $30 billion of debt, to lift the economy before an election in May. The cash-strapped utility said it would cut 3,000 megawatts (MW) of power from the national grid from 0600 GMT on Tuesday, likely until 2100 GMT, a day after cutting 4,000 MW in the worst power cuts seen in several years.
This year, gold prices (GLD) had fallen 3.2% as of December 26. Whereas this performance may seem dismal in absolute terms, gold’s turnaround since hitting its annual low in August has been remarkable—it has risen 7.8% since then. The catalysts of this trend reversal are obvious: equity markets have been extremely volatile since October, with December being especially bad.
Investing.com - U.S. futures pointed to a lower open on Tuesday as optimism over a trade truce between the U.S. and China was replaced by doubts over whether the two countries would be able to resolve their trade dispute in the long run.The S&P 500 futures fell 9 points or 0.33% to 2,781.50 as of 6:40 AM ET (11:40 GMT) while Dow futures lost 116 points, or 0.45%, to 25,731. Meanwhile tech heavy Nasdaq 100 futures decreased 38 points, or 0.55%, to 7,019.25.Financial markets rallied on Monday after U.S. ...
Harmony invites individual and institutional investors as well as advisors to log-on to VirtualInvestorConferences.com to view presentation JOHANNESBURG , Nov. 19, 2018 /PRNewswire/ -- Harmony Gold Mining ...
Harmony Gold Mining Co. Ltd. (HMY) is trading cheaply because, following a 12% drop on the New York Stock Exchange for the 52 weeks through Nov. 14, the closing share price of $1.61 on Wednesday was below the 200-, 100- and 50-day simple moving average lines. The closing share price was 12.6% off the 52-week low of $1.43 and 57.1% below the 52-week high of $2.53. Warning! GuruFocus has detected 3 Warning Signs with HMY.
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? South African miners have traditionally traded at a discount to their global counterparts, primarily due to South Africa’s laws, labor concerns, and infrastructure challenges. Among these miners, Sibanye Gold (SBGL) is trading at the highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 4.2x—a premium of 23.0% to the peer average.
Harmony invites individual and institutional investors, as well as advisors, to attend this interactive, real-time virtual event JOHANNESBURG , Nov. 8, 2018 /PRNewswire/ -- Harmony Gold Mining Company ...
NEW YORK , Nov. 6, 2018 /PRNewswire/ -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on November 14 th and 15 th , featuring live ...
A few sectors easily survived the market rout and traded in the green last month. We have highlighted such three sectors and their best ETFs & stocks that have gained handsomely in October.
Penny stocks got battered and bruised during the month of October, undermined by a broad-based retreat that dropped the Russell 2000 small-cap index to an eight-month low. The broad market could post new lows in early November, but a profitable relief rally should unfold in coming weeks, favoring dip trades on penny stocks that have held technical support levels through the maelstrom. This month's penny stock list includes several of these plays, but it's important to think and act defensively, placing stop losses immediately after entry. Penny Stock Picks to Buy Using Technical Analysis for November 1.
Harmony Gold Mining Company Limited (HMY) has been on the move lately as the stock has risen by 9.9% in the past four weeks, and it is currently trading well above its 20-Day SMA.
Furthermore, on a technical basis, breadth is starting to recover after the percentage of NYSE issues above their 50-day moving average hit a low of just 13.6% last week — an even deeper low than what was set back in February. Last week, analysts at Pivotal Research upgraded TWTR stock on a valuation tailwind. Analysts are looking for earnings of 14 cents per share on revenues of $703.7 million.
The two biggest South African unions at Sibanye Gold Ltd.’s mines got permission to strike over pay after a deadlock in gold wage talks. The National Union of Mineworkers and Association of Mineworkers and Construction Union received strike certificates at Sibanye after negotiations were referred to the Commission for Conciliation, Mediation and Arbitration, Minerals Council South Africa, an industry lobby group, said Thursday. AMCU was also granted permission to strike at Harmony Gold Mining Co. The approval ensures that the work stoppage is legal, which means employees can’t lose their jobs for participating.
Gold prices are likely to recover as India gears up for the wedding season and major festivals, when gold buying is considered auspicious.
Harmony Gold's (HMY) revenues improve 12% in FY18 owing to higher gold sales. It expects to produce 1.45 million oz of gold in fiscal 2019.
NEW YORK, NY / ACCESSWIRE / August 21, 2018 / Harmony Gold Mining Co. Ltd. Sponsored ADR (NYSE: HMY ) will be discussing their earnings results in their H2 Earnings Call to be held on August 21, 2018 at ...