NEM - Newmont Goldcorp Corporation
| Previous Close | 38.62 |
| Open | 39.05 |
| Bid | 38.43 x 1100 |
| Ask | 38.80 x 1400 |
| Day's Range | 38.08 - 39.20 |
| 52 Week Range | 29.06 - 41.23 |
| Volume | 7,181,361 |
| Avg. Volume | 8,341,203 |
| Market Cap | 31.55B |
| Beta (3Y Monthly) | -0.22 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.14 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 0.56 (1.45%) |
| Ex-Dividend Date | 2019-09-11 |
| 1y Target Est | 45.99 |
- Bloomberg
China Gold Is Hunting for Deals Worth as Much as $2 Billion
(Bloomberg) -- China Gold International Resources Corp., the overseas arm of state-owned China National Gold Group, is on the hunt for acquisitions to replenish its pipeline as deal-making in the sector heats up thanks to a jump in the metal’s price.“We need more pipeline, especially in gold production,” Jerry Xie, executive vice president, said in an interview on the sidelines of the Denver Gold Forum on Monday. “We’re currently looking for acquisition opportunities quite aggressively. We’re doing this on behalf of our parent company, not just for ourselves.”The miner, listed both in Canada and Hong Kong, is targeting companies with assets in operational stages that have ramp-up plans. The company is comfortable making purchases with a price tag at roughly $1 billion to $2 billion, Xie said.The company is open to studying potential acquisitions of single-asset companies with mines near production, he said. It is also interested in possible asset sales that may come from Barrick Gold Corp. and Newmont Goldcorp Corp., which both have plans to divest after recent mega-mergers.Gold is near a six-year high, and industry shares are up about 60% in the past 12 months. Meanwhile, the amount of gold reserves still buried in mines is down by more than half from a 2011 peak. It’s a potent mix that may push miners toward consolidation over expansion for growth.Acquisitions of gold producers have already jumped to $18.2 billion this year, the highest level in eight years, driven by the merger of Barrick and Randgold Resources Ltd. as well as Newmont’s $10 billion purchase of Goldcorp Inc., according to data compiled by Bloomberg. Meanwhile, the long-term outlook for gold prices remains bullish, with Citigroup Inc. seeing potential for a record above $2,000 an ounce in the next two years.China National Gold, the nation’s second-largest gold miner, is studying a bid for a stake in Canada’s Iamgold Corp., Bloomberg news reported in June. Xie declined to comment on the parent company’s potential deal.To contact the reporter on this story: Vinicy Chan in New York at vchan91@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Millie Munshi, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Business Wire
Newmont Goldcorp Closes Senior Notes Offering of $700 Million at 2.800%
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (formerly known as Newmont Mining Corporation) (“Newmont Goldcorp” or the “Company”) announced today that it has received aggregate net proceeds of approximately $690 million, after deducting underwriting discounts (before expenses), upon the closing of its registered public offering of $700 million principal amount of 2.800% Senior Notes due 2029. The Notes are senior unsecured obligations of the Company and rank equally with the Company’s existing and future unsecured senior debt and senior to the Company’s future subordinated debt. The Notes are guaranteed on a senior unsecured basis by the Company’s subsidiary, Newmont USA Limited.
- Business Wire
Newmont Goldcorp Ranked as Top Gold Miner on DJSI for ESG Performance
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) was ranked as the top global gold mining company on the Dow Jones Sustainability World Index (DJSI World) for its leading environmental, social and governance (ESG) performance. This represents the 12th consecutive year the Company has been named to the list. Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.
- Reuters
Newmont Goldcorp temporarily suspends operations at Peñasquito gold mine in Mexico
Newmont Goldcorp said on Sunday it has temporarily suspended operations at the Peñasquito gold mine in Mexico after the resumption of a previously lifted blockade by a trucking contractor and some members of the Cedros community. ".... dialogue sponsored by the government of Mexico to resolve issues with a trucking contractor and the San Juan de Cedros community has been suspended and that an illegal blockade has resumed," the company said in a statement, adding that its operations at the mine will remain suspended while the blockade persists. Operations at the mine were also temporarily suspended earlier this year as truck drivers blocked access to the mine and protesters said its operations caused a water supply to dry up.
- Business Wire
Newmont Goldcorp Provides Update on Peñasquito Mine in Mexico
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) announced that the dialogue sponsored by the government of Mexico to resolve issues with a trucking contractor and the San Juan de Cedros community (one of Peñasquito’s 25 neighboring communities) has been suspended and that an illegal blockade has resumed. The Company remains willing to continue good-faith discussions and will be available to resume the dialogue once the other parties recognize their interests are best served by returning to the government-sponsored discussions and not through illegal and unproductive blockades that hurt local communities. In order to ensure the safety of people, assets, and the long-term viability of Peñasquito, the Company has temporarily suspended operations for as long as the illegal blockade persists.
- Bloomberg
Gold’s Potent Mix of Low Reserves, High Prices Seen Driving M&A
(Bloomberg) -- Executives headed to the Denver Gold Forum a year ago were hit with a startling bit of news as they stepped off their planes: A merger made public that afternoon was set to create the world’s biggest gold company.Now, a year after Barrick Gold Corp. agreed to buy Randgold Resources Ltd., and in the wake of a second huge megamerger, executives are once again traveling to the Denver meeting, which opens Sunday. Only this time, the industry will be watching to see if mid-tier miners concerned about losing out to larger rivals are ready to jump into the M&A game.Gold is near a six-year high, and industry shares are up about 60% in the past 12 months. Meanwhile, the amount of gold reserves still buried in mines is down by more than half from a 2011 peak. It’s a potent mix that may push miners toward consolidation over expansion for growth.“M&A can trigger a game of musical chairs,” said Matthew Hind, global co-head of metals and mining investment banking for Credit Suisse Group AG. “When one transaction happens and is well-received, there is a tendency for others to want to try and find their partner, nobody wants to miss out.”Acquisitions of gold producers have already jumped to $18.2 billion this year, the highest level in eight years, driven by the Barrick-Randgold merger and Newmont’s $10 billion purchase of Goldcorp Inc. this year, according to data compiled by Bloomberg. Meanwhile, the long-term outlook for gold prices remains bullish, with Citigroup Inc. seeing potential for a record above $2,000 an ounce in the next two years.“There will be depletion in gold reserves,” Newmont Chief Executive Officer Gary Goldberg said in a telephone interview. “At the same time, you have demand growing in India and China. So from a supply-demand standpoint, you’ll see good opportunity.”A year ago, executives heading to the Denver Gold Forum were facing a much different situation. Bullion had slipped more than 7% in the year leading up to the meeting, and an expanding global economy diminished demand for the metal as a haven. The Philadelphia Stock Exchange Gold and Silver Index of 30 companies was down about 22%.Much of the discussion at this year’s meeting is likely to center on mergers and acquisitions. Credit Suisse’s Hind, for one, said he sees consolidation becoming a major industry factor in the next 12 to 18 months, with the mid-tier miners starting to play catch-up.Among gold producers, Canada’s Guyana Goldfields Inc. is exploring options including a potential sale of its business, Bloomberg News has reported last month. China National Gold Group Corp., the country’s second-largest gold miner, is also studying a bid for a stake in Canada’s Iamgold Corp., people with knowledge of the matter said in June.New Gold Inc., Pretium Resources Inc., TMAC Resources Inc. and Wesdome Gold Mines Ltd. are potential targets for Australian miners looking to expand in Canada through acquisition, BMO analyst Brian Quast wrote in May.“There’s a natural tendency for gold miners to consolidate, as most of them failed to invest for the future” by expanding their mining activities, Barrick Gold Corp. CEO Mark Bristow said in an August interview in Toronto.Meanwhile, the two megamergers are also expected to provide smaller rivals the opportunity to snap up assets.Barrick is targeting $1.5 billion of asset sales by end of next year and is engaged in selling its 50% stake in the Kalgoorlie mine in Australia, Bristow said. It’s also weighing a sale of its Tongon Gold mine in the Ivory Coast, people familiar with the matter said in August.Asset SalesNewmont completed its $10 billion acquisition of rival Goldcorp in April. It too is planning to divest up to $1.5 billion in assets, taking advantage of the higher gold price, Goldberg said by phone.Assets up for potential sale include Red Lake in Canada, Newmont said Friday in a statement. Some operations at the mine were paused temporarily earlier this year to do work to protect workers in the event water entered the mine. In July, CEO Goldberg had said the company needed to do more exploration at Red Lake before deciding if it would sell.Meanwhile, gold producers nowadays are also competing for attention from a smaller group of more passive investors who tend to put money in tracker funds, or index-related investments.“There’s a need for consolidation as companies need to be larger to stay relevant to a shrinking pool of investors,” Richard Tory, global head of metals and mining investment banking at Morgan Stanley, said in a separate interview.\--With assistance from Danielle Bochove, David Stringer and Joe Richter.To contact the reporter on this story: Vinicy Chan in New York at vchan91@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Reg Gale, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Business Wire
Incoming CEO Tom Palmer to Provide Update on Newmont Goldcorp at Denver Gold Forum
Newmont Goldcorp Corporation’s (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) President and incoming chief executive, Tom Palmer, will present Tuesday, September 17 at 10:30 am (MDT) at the 30th annual Denver Gold Forum, the world’s largest gathering of precious commodity equities. Mr. Palmer’s presentation is now available on the Company’s website. “As the world’s leading gold company, Newmont remains focused on keeping our people safe, while growing our profit margins through operating, technical and financial discipline,” said Mr. Palmer.
- GuruFocus.com
Gold Miners Are Rejoicing
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- GuruFocus.com
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- Benzinga
5 Reasons BMO Upgrades Newmont Goldcorp
The bullish case for Newmont Goldcorp Corp (NYSE: NEM ) can now be made, according to BMO. The Analyst BMO Capital Markets analyst Andrew Kaip upgraded Newmont Goldcorp from Market Perform to Outperform ...
- CNW Group
U.S. Gold Corp. Announces Acquisition of Orevada Metals, Inc.
ELKO, Nevada , Sept. 11, 2019 /CNW/ -- U.S. Gold Corp. (USAU) is pleased to announce it has closed the acquisition of Orevada Metals, Inc. ("Orevada Metals") in an all share transaction. Orevada Metals is, a Nevada corporation, wholly owned by a privately held Canadian company ("Orevada"), which has become a new wholly-owned subsidiary of U.S. Gold Corp. Orevada has an option to acquire a 70% interest in the Maggie Creek Project. The acquisition of Orevada and the option to acquire the Maggie Creek Project, gives U.S. Gold Corp. its second promising exploration project in Nevada , on the Carlin Trend.
- Bloomberg
A Forgotten Gold-Rush Hub Is Producing More Than It Has in a Century
(Bloomberg) -- Deep under gum-tree lined paddocks in southern Australia that delivered a bullion bonanza in the 19th Century, the unexpected promise of a second gold rush is luring a new generation of prospectors from billionaires to global miners and weekend panhandlers.As prices soar, production in the goldfields of Victoria state is rising again and has already climbed to the highest since 1914 as mining companies dig deeper and new technology helps to uncover once hidden and richer deposits in a region that almost rivaled the Californian gold rush and was thought to have petered out decades ago.“I’ve never seen anything like it in all my life — it’s like finding a safe underground,” David Baker, managing partner of gold investor Baker Steel Capital Managers LLP, and a visitor to mines for more than 30 years, said following a tour last month of Kirkland Lake Gold Ltd.’s Fosterville mine, the flagship for the region’s revival. “You don’t get better than that unless you can dig into Fort Knox.” With Victoria’s state government forecasting there may be as much as another 80 million ounces buried underground in the region —about as much as was dug out during the initial gold rush from 1851 — major players are moving in, including Newmont Goldcorp Corp. and billionaire miner Gina Rinehart.The region’s renaissance is also stoking hopes that new exploration of other historic global mining hubs could yet yield more riches.A thirty minute drive east of Bendigo, a city of elegant Victorian-era civic buildings built with the proceeds of the first gold rush, Kirkland has transformed its underground mine into one of the world’s most profitable gold operations.In a section of tunnel about 1.2 kilometers (0.75 miles) below surface, a thick diagonal white vein of gold-bearing quartz stretches across a face of dark gray rock, and fragments of ore scattered on the floor are studded with visible, glittering flecks of the metal.Delving deeper into the earth to tap this different and more concentrated source of the metal has dramatically shifted Fosterville’s fortunes. The site was first mined for about a decade from 1894 and then sporadically over the next century, before an underground mine was opened in 2006. “The better gold mines reveal themselves over time,” said Sydney-based Baker, a manager of the BakerSteel Precious Metal Fund, which holds about $450 million of assets, including Kirkland shares. Fosterville has shown “that it is actually a fantastic jewelry box, and one that’s only getting better,” he said.When valuing projects, miners estimate both the volume of remaining metal at an operation that’s economic to extract — the asset’s reserves — and the grade of the material, the amount of precious metal contained in each ton of excavated rock.Fosterville’s reserve grade, which had hovered at around 5 grams of gold per ton, began to rise through 2014 and 2015, and then surged from the end of 2016, when Kirkland completed about a C$1 billion ($756 million) acquisition of the site’s previous owner.At the end of last year, that grade was estimated at 31 grams a ton, among the highest in the world, and probably bettered only by Sumitomo Metal Mining Co.’s Hishikari operation in Japan, according to Quinton Hennigh, a veteran gold executive and geologist who helped to review the Australian site before Kirkland’s 2016 deal.Improved grades have helped boost output to a record and spurred profits along with a rising gold price. Kirkland’s earnings from the operation more than doubled in the first half of 2019, according to a July filing.Toronto-based Kirkland, which also operates mines in Canada, is growing confident it can unlock further high-grade zones underground at Fosterville, and already has had encouraging results close to the current mining area and as far as about four kilometers away.“There’s something more broad and pervasive at play,” Ian Holland, Kirkland’s vice president for Australian operations said in an interview at the site. “Significant drilling programs will unlock that over time, that’s the truly exciting piece.”Others projects are also offering glimpses of potential. Gold Exploration Victoria Pty, a unit of Rinehart’s Hancock Prospecting Pty, is partnering with explorer Catalyst Metals Ltd. on exploration around Bendigo that has shown early indications of high-grade gold finds.Two historic mines in Victoria have resumed production since 2018, while Newmont has applied for an exploration tenement in the state, the company said in an emailed statement. Before the end of the year, Victoria’s government will launch an international tender for newly released exploration ground with similar geology to Fosterville, Minister for Resources Jaclyn Symes said.Modern exploration techniques — like airborne electromagnetics and geochemistry — are helping miners globally to locate troves of metals buried deeper underground, and often beneath the cover of other rocks.In the U.S., Nevada Exploration Inc. is using techniques including the sampling of groundwater to locate new gold deposits in a heartland of production. Companies including Australia’s Newcrest Mining Ltd. are also combing back over historic regions in Nevada.Other established mining centers in the U.S. and Western Australia hold similar potential to deliver more gold from deeper underground, according to Hennigh, president of Novo Resources Corp. “There are certain gold camps that I see, where there are the telltale signs of there being a heck of a lot more,” he said. “There will be more discoveries without question.” To contact the author of this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, Keith GosmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Newmont Goldcorp Stock Is Slipping Despite Analyst’s Upgrade
(NEM) stock slipped Monday morning, dragged lower by a decline in the price of gold even though an analyst raised his rating on the shares. Newmont Goldcorp shares (ticker: NEM), up 9.1% so far this year, have trailed behind rival (ABX) and the S&P 500 in 2019. Newmont’s acquisition of Goldcorp closed in April, making the new company one of the world’s biggest miners.
- Motley Fool
Why Every Investor Should Consider These 2 Gold Mining Stocks
These gold stocks are among the best investments in the sector.
CNW GroupSurge Acquires Additional Gold-copper Mineral Claims in the Golden Triangle Adding to its Sizable Land Position in British Columbia
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- Zacks
Newmont Goldcorp Announces Pricing of Senior Notes Due 2029
Newmont Goldcorp (NEM) to employ the net proceeds from the offering of $700 million of 2.8% senior notes due 2029 to repay its outstanding 5.125% senior notes due Oct 1, 2019.
- Financial Times
Robert Friedland swoops for Guinea’s Nimba
Robert Friedland, the Canadian mining billionaire, is set to take control of the Nimba iron ore deposit in Guinea. Late on Thursday, High Power Exploration, a private US company run by Mr Friedland, said it had secured approval from Conakry to buy the 95 per cent interest in Nimba owned by BHP, the world’s biggest mining company, US group Newmont Goldcorp and French nuclear power group Orano. “I am delighted that HPX will work with the Government and people of Guinea to bring the Nimba deposit into production and to help His Excellency President Condé realise his longstanding vision of seeing Guinea become a world-class producer of iron ore,” said HPX President Eric Finlayson, a former head of exploration at Rio Tinto.
- Reuters
UPDATE 2-Mining investor Friedland clinches deal on Guinea's Nimba iron ore
American-Canadian mining investor Robert Friedland is set to control Guinea's Mount Nimba iron ore deposit in a deal signed by his High Power Exploration (HPX) company with the west African country late on Thursday. Friedland, who is CEO of HPX as well as the founder and executive chairman of Ivanhoe Mines, has a long history of finding and developing remote mineral deposits in countries including Mongolia and Democratic Republic of Congo.
- GuruFocus.com
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- Business Wire
Newmont Goldcorp Announces Pricing of 2.800% Senior Notes Offering
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (formerly known as Newmont Mining Corporation) (“Newmont Goldcorp” or the “Company”) announced today the pricing of its public offering of $700 million aggregate principal amount of 2.800% senior notes due 2029 (the “Notes”). The offering is being made pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission. The Notes will be senior unsecured obligations of the Company and will rank equally with the Company’s existing and future unsecured senior debt and senior to the Company’s future subordinated debt.
- Moody's
Newmont Goldcorp Corporation -- Moody's assigns a Baa2 sr. unsec. rating to Newmont's notes; outlook stable
Moody's Investors Service ("Moody's") assigned a Baa2 rating to Newmont Goldcorp Corporation's ("Newmont") senior unsecured notes. The notes will be guaranteed by Newmont USA Limited. The new notes have been issued under Newmont's WKSI shelf registration rated (P)Baa2 for senior unsecured debt.
- InvestorPlace
8 Precious Metals Stocks to Mine For
Precious metals stocks have been on fire over the last few months, and you don't have to dig deep to know why. Essentially, investments like gold and silver represent safe-haven assets during times of uncertainty or turmoil. With the raging U.S.-China trade war, along with multiple geopolitical flashpoints, there's plenty of both descriptors to go around.Primarily, one of the biggest catalysts for precious metals stocks to buy is the inversion of the yield curve. Specifically, the yield for the longer-maturing 10-year Treasuries dipped below the yield of the shorter-maturing 2-year Treasuries. Therefore, what we have is a nonsensical economic condition: a riskier (based on time exposure) asset offers less reward than a more stable or predictable one.That kind of circumstance invites investor fears, which is bullish for precious metals stocks to buy. However, what could really send this commodities sub-segment to the moon is the Federal Reserve's response.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNaturally, the central bankers don't want this circumstance to continue; otherwise, no one in their right minds would buy 10-year Treasuries. First on the Fed's agenda is to flatten the yield curve. And at this point, that can only be accomplished by cutting benchmark interest rates further. Theoretically, this should drive down the 2-year Treasures' yield below the 10-year bonds. * 10 Companies Using AI to Grow But will this work? I'm not a central banker so I'm not an expert on this topic. But what I do know is that such actions are inflationary. And based on the present fiscal and economic circumstances, this is the only lever the Fed can pull.In layman's terms, gold and similar commodities will moon. Thus, here are eight precious metal stocks to consider. Barrick Gold (GOLD)Source: Shutterstock Precious metal stocks such as Barrick Gold (NYSE:GOLD) have certain risks that the underlying physical bullion markets do not; namely, the human element. Therefore, it pays when loading up on commodities-based stocks to buy to consider a heavier allocation toward established, stable names. With a long history and a market capitalization nearing $34 billion, GOLD stock certainly qualifies.Aside from its sheer size, what I like about Barrick is its quality of international exposure. Although geopolitical risks in their African projects exist, for the most part, the mining company is exposed to stable administrations. We're talking names like Canada, Chile, Australia, and the U.S.Plus, GOLD stock is bringing home the goods for stakeholders. On a year-to-date basis, shares have jumped over 46%. And since the beginning of June, they're up 51%.Ordinarily, I'd avoid such technically hot assets. However, GOLD stock is likely riding on unprecedented series of fundamental tailwinds. Newmont Goldcorp (NEM)Source: Piotr Swat/Shutterstock Many investors understandably avoid precious metals stocks because of the reputation of speculative mining projects. But like any sector, it's the quality of the individual company that matters. And with Newmont Goldcorp (NYSE:NEM), you have the provenance of nearly a century of experience. Thus, even if we see the return of a bear market in the metals, NEM stock will probably stick around.But I'm almost certain that such pessimism is far out into the future. For the near-to-intermediate term, Newmont Goldcorp should attract significant investor dollars. On a YTD basis, NEM stock has gained over 16%. That may not sound like much until you consider that since the beginning of May, shares have jumped nearly 35%. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Moving forward, I see strong gains ahead despite the already impressive performance. The majority of Newmont Goldcorp's projects are located in the stable regions of North America and Australia. Four projects are in South America, while only two are levered to Africa. Therefore, even if geopolitics rears its ugly head, NEM stock should find significant insulation. Agnico Eagle Mines (AEM)Another top name to add to your list of precious metals stocks to buy is Agnico Eagles Mines (NYSE:AEM). While some of the top-tier miners have some exposure to geopolitical risks, AEM stock is arguably almost completely insulated. I say this because Agnico Eagles has mining projects only in Canada, Finland, and Mexico. None of these countries strike me as dangerously unstable.But what really stands out about AEM stock is that the underlying company does not engage in forward gold sales. Forward sales are commonly used in sectors like commodities to help businesses predictably flatten the target assets' volatility. However, with Agnico Eagle, the eschewing of forward gold sales is a long-standing policy. Thus, buying AEM stock gives you full exposure to the gold spot price.In prior years, that was a raw deal. But at this juncture, this is exactly what you want. Already, the gold price has shot up over $1,550. Just a couple months ago, it was under $1,300. And with nothing indicating a headwind to this run, AEM stock gives you cheap exposure to the yellow metal. Royal Gold (RGLD)Although it's an incredibly hot name right now, Royal Gold (NASDAQ:RGLD) is an interesting play. And in my opinion, RGLD stock still has significant upside remaining.Most precious metals stocks to buy in the mining sector are risky because of the unknown. This is especially true for companies specializing in gold exploration: sometimes you hit pay dirt, and sometimes you don't. Because of the unpredictability involved, these investments can be incredibly volatile. But with RGLD stock, the underlying company mitigates the wildness through its streaming business model.Instead of actively mining for metals, Royal Gold instead has streaming and royalty agreements with miners. Typically, a company like Royal Gold will pay an upfront fee in exchange for future deliveries of a particular asset. * 7 Tech Industry Dividend Stocks for Growth and Income Because of this inherent risk mitigation, RGLD stock has outperformed many other physical mining-centric organizations. For instance, on a YTD basis, RGLD shares have skyrocketed nearly 61%. With bullion markets likely headed higher, Royal Gold might still be a bargain. Wheaton Precious Metals (WPM)If you're looking to precious metals stocks for protection in the markets, it's natural to only focus on gold. However, as my sit-down with commodities expert David Morgan illustrates, silver has tremendous potential right now. As proof, since my interview with the godfather of silver investing, the target metal has shot up over 18%.Of course, the silver spot price is more volatile than gold. But if you want exposure to this exciting metal but with some risk mitigation, consider Wheaton Precious Metals (NYSE:WPM). Formerly known as Silver Wheaton, WPM stock is no longer just a pure-play silver equity. However, the company still enjoys one of the biggest silver streaming businesses in the world.As I mentioned above for Royal Gold, WPM stock is intriguing for this streaming model. Unlike every other mining outfit, Wheaton doesn't have the associated onerous overhead costs. Management knows what their outlays are because they are negotiated ahead of time. That's a huge plus for WPM stock because pure miners operate under a cloud of uncertainty. First Majestic Silver (AG)Source: Shutterstock In my view, silver is the cryptocurrency of precious metals stocks to buy. Although it has the same monetary fundamentals as gold - silver was at one point "real money" - it also seems to have a mind of its own. Nevertheless, for me, the outsized potential for silver is enough to accept the risks. If you have a similar mindset, you should take a look at First Majestic Silver (NYSE:AG) and AG stock.For starters, First Majestic Silver lives up to the hype of precious metals stocks levered to the white metal. Since January's opening price, AG stock has soared over 91%. And since the beginning of August, First Majestic shares have popped up over 14%.As I've mentioned with the other sector players, I don't like to engage such strong momentum. But I keep going back to the Federal Reserve's inability to do anything but cut interest rates. That's inflationary for gold and should be exponentially so for silver. * 7 Stocks to Buy Down 10% in the Past Week Finally, on a fundamental note, First Majestic primarily focuses on Mexico's mining market. Close to home and a vital U.S. trading partner, I don't foresee major problems there. Therefore, AG stock also provides some measure of geopolitical insulation. Sibanye Gold (SBGL)Source: Money Metals via FlickrSibanye Gold (NYSE:SBGL) has significant operations in South Africa, which is both a blessing and a curse. Obviously, South Africa is exceptionally endowed with natural resources, including multiple robust gold mines. That naturally bodes well for SBGL stock. But on the flipside, the country's class and race dynamics have caused substantial conflicts, including mining-related labor strikes.Recently, such strikes over job losses and pay cuts have negatively impacted Sibanye Gold. As a result, SBGL stock hasn't seen the explosive returns that other precious metals stocks have witnessed over the past few weeks. Nevertheless, Sibanye has serious potential, as judged by its explosive YTD return of over 110%.Now, you might say that among this sector's stocks to buy, superior options exist. However, very few companies have the kind of robust exposure to the other precious metals, platinum and palladium. In particular, palladium is an incredibly rare commodity and Sibanye is the world's second-largest producer of it. Thus, I like my chances with SBGL stock. Norilsk Nickel PJSC (NILSY)Source: Shutterstock I'm going to be completely blunt: Norilsk Nickel PJSC (OTCMKTS:NILSY) is a ridiculously speculative name among precious metals stocks. Therefore, I wouldn't buy NILSY stock unless you fully understand that you're taking a gamble. Even then, I wouldn't allocate all of my "stupid" money on Norilsk.With these caveats out of the way, I'm still very intrigued with the potential upside opportunity in NILSY stock. Russia has the largest stockpile of palladium in the world. As such, Norilsk Nickel is the world's top producer of this rare commodity.Why am I so big on palladium? First, it's incredibly rare. Up until recently, one troy ounce of palladium was worth more than the equivalent size of gold. And while the yellow metal is on a run due to global economic fears, palladium still has a chance to regain its crown.That brings me to my second point: palladium has multiple uses and should be a relevant commodity in the 21st century. The metal is both resilient to atmospheric influences and is extremely ductile. These properties lend themselves to high-tech usage, which is why I'm even considering NILSY stock.As of this writing, Josh Enomoto is long the physical precious metals mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 8 Precious Metals Stocks to Mine For appeared first on InvestorPlace.
- Zacks
Why Newmont Goldcorp (NEM) Stock Might be a Great Pick
Newmont Goldcorp (NEM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- Kiplinger
Is It Time to Invest in Gold?
Stock market volatility has given investors gold fever. If you chase the rally, don't overdo it.
