|Bid||43.30 x 1400|
|Ask||43.42 x 2900|
|Day's Range||43.36 - 44.01|
|52 Week Range||29.77 - 44.08|
|Beta (5Y Monthly)||-0.02|
|PE Ratio (TTM)||12.89|
|Earnings Date||Feb 19, 2020|
|Forward Dividend & Yield||0.56 (1.29%)|
|Ex-Dividend Date||Dec 02, 2019|
|1y Target Est||48.64|
Timely calls on gold miners and robotics stocks, and skeptical takes on ride-hailing apps and fake meat, helped Barron’s writers beat the market in 2019. Stocks that were the subject of bullish articles returned 14.1%, on average, through the end of the year, against a 12.7% gain for the benchmarks. It was the first year since 2016 that our bullish picks outpaced their benchmarks.
I never thought I'd say this given the destruction wrought in marijuana stocks over the past year. But, I'm now a fan of bull trades. It wasn't a change in fundamentals that sparked the switch, but a change in price behavior. I've surveyed every sector, and cannabis stocks are flashing some of the top trades for the week.What began as a subtle bottoming formation has grown into an influential trend reversal with significant implications.Cannabis stocks have long held the possibility for eye-popping gains. But, as is often the case, the hype outran reality, resulting in a nasty comeuppance for speculators caught chasing the bubble last year. From their peaks, the stock prices of industry leaders like Canopy Growth Corp (NYSE:CGC), Cronos Group (NASDAQ:CRON), Tilray (NASDAQ:TLRY) and Aurora Cannabis (NYSE:ACB) have fallen anywhere from 76% to 95% from their 2018 highs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut last week, the lot of them (sans Aurora -- it still looks terrible) suddenly surged. The massive influx of buyers suggests the worst could be over, and momentum is back, baby! * The Top 5 Dow Jones Stocks to Buy for 2020 Let's take a closer look at three of the top pot stocks to trade. 3 Top Pot Stock Trades for This Week: Canopy Growth Corp (CGC)Source: The thinkorswim® platform from TD Ameritrade Peak-to-Trough Decline: 77%Canopy Growth shares saw capitulation following November's earnings report. Given the groundswell in volume and mass number of weak hands shaken out, not to mention the influx of buyers on the subsequent snapback, I suspect last year's lows near $14 will spell the bottom for the foreseeable future.The six weeks of consolidation that followed without CGC making a new low helped confirm that the bottom was likely in. The multiple accumulation days cropping up also helped reveal institutions were circling the wagons.This week, bulls abandoned subtlety and cannonballed into the water. Horizontal resistance gave way at $22, creating a game-changing breakout. With momentum traders now flocking, you should view weakness as a gift to be bought.Buy CGC via stock, calls, or call spreads with a stop under $22. Cronos Group (CRON)Peak-to-Trough Decline: 76%Cronos Group is following in Canopy Growth's footsteps. Though its rebound hasn't been as vigorous, there's no denying buyers now hold the upper hand for the first time since early 2019. The turnabout has been virtually textbook. First, momentum slowed. Then the 50-day and 20-day moving averages flattened out. Accumulation days made an appearance, showing demand bubbling beneath the surface.Finally, buyers threw caution to the wind and jammed CRON stock higher this week, blasting through critical resistance at $7.75.Though we could use a few more days of pausing to digest the gain better and establish a high base pattern, I don't know if bulls will allow the rest. Look for a breakout over $8.80 to signal that the next stage of its recovery has begun. * 10 Cheap Stocks to Buy Under $10 CRON stock is cheap enough to play the stock outright. No need to complicate matters with options. Tilray (TLRY)Source: The thinkorswim® platform from TD Ameritrade Peak-to-Trough Decline: 95%Tilray rounds out today's trio and is the most insane of the bunch. Only a select few stocks still trading can say they've fallen 95% over eighteen months. Given the destruction, you may wonder if it's wise to play with TLRY at all. It's a volatile beast, no doubt, but when things are swinging in your favor, profits accumulate quickly.TLRY stock is seeing a mass influx of buyers right now. This week's volume was the highest of the past year and signals big buyers are stepping back in. While this rebound could suffer the fate of so many of its predecessors (that is, failure), I suspect the strength will persist long enough for tactical traders to capture profits.Buy TLRY over $22.52 with a stop under the 50-day moving average ($18.91).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 * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post 3 Top Pot Stock Trades for Next Week appeared first on InvestorPlace.
(Bloomberg Opinion) -- Peak gold production is looking a little more distant. Global supply of the yellow metal has been inexorably approaching its high-water mark, as ore is extracted faster than new discoveries are made. Mines have been aging fast. A sustained price rally can change that picture, as investors rekindle their enthusiasm for large-scale exploration and technological innovation. Bullion miners’ margins will benefit.Gold is coming out of a long period in the investor wilderness. Last year marked the biggest annual gain in prices since 2010. It broke through $1,570 last week — the highest in almost seven years. Gold prices are driven by factors that aren’t always predictable, but there’s certainly scope to go higher, with interest rates low and geopolitical tensions simmering. Holdings of gold in exchange-traded funds, popular with retail investors, are near 2012’s lofty levels. Central banks remain buyers too.This isn’t a repeat of 2011, when gold cracked a gravity-defying $1,900 per ounce — at least, not yet. The all-time high remains some way off, despite a handful of analysts already pointing to $2,000 gold. But the impact of higher prices is already trickling down. All-in sustaining cash costs remained at around $934 per ounce for the largest producers in the third quarter of 2019, according to Bloomberg estimates. The industry measure, though rising, makes for healthy margins. Barrick Gold Corp., for example, reported third-quarter free cash flow of $502 million, compared to $55 million in the previous three months.Last year’s flurry of M&A speaks to that exuberance: from Barrick Gold’s merger with Randgold Resources Ltd., completed that January, to Goldcorp Inc.’s union with Newmont Corp., plus a string of opportunistic offers among smaller companies, and imaginative deals like Barrick’s Nevada joint venture with Newmont. Overall, 2019 marked a return to levels last seen during the boom.There’s more to come, especially among smaller players. Diverging levels of bullishness, after years of homogenous forecasts, will create opportunities for miners to expand portfolios.But the deal spike tells a supply story too, and those numbers are grim even after miners pair up, with reserves down steadily for much of the past decade. The average life of a gold mine shrank to 11 years by 2018 from 16 in 2012, according to consulting company Wood Mackenzie Ltd. Back in 2015, as prices fell toward $1,000 an ounce, the World Gold Council warned that the industry was nearing “peak gold,” after which output would begin to decline. That’s still a threat.Tie-ups are no panacea. The trouble is there’s no short-term link between gold prices and supply. Sure, marginal projects become viable, but that’s a transient boost. Also, the lag effect means mines commissioned in boom years will still take years to come into production. Meanwhile, the scars of the 2011 excesses will make miners reluctant to change their assumptions for the long-term gold price, which are largely still at or below $1,300.The good news is that this works both ways. Higher supply, through exploration or innovation, also won’t depress prices.That should increase enthusiasm for exploration. Budgets have shrunk and success rates have been decreasing, even if gold continues to command the lion’s share of the mining sector’s exploration outlays. So far, spending has increased largely on existing projects rather than new finds. Splashy budgets don’t guarantee success, but the supply numbers will have to rise. There are already signs of long-awaited projects accelerating, such as Polyus PJSC’s Sukhoi Log in Siberia. Then there is investment in technology. This isn’t only to automate and electrify fleets, but to upgrade exploration and processing techniques. For gold, processing improvements could make even complex, refractory ore — resistant to more common extraction methods — attractive. Barclays Plc estimated in December that innovation could add 10% of incremental supply growth through 2025. Cost per ounce may come down 4%. That’s a target worth aiming for. To contact the author of this story: Clara Ferreira Marques at email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The VanEck Gold Miners ETF (NYSEArca: GDX), the benchmark bullion miners ETF, isn’t known as a dividend destination. Those are the breaks when an ETF has a yield of around 0.40%, but GDX’s dividend outlook ...
With a yield of just 0.39%, the VanEck Vectors Gold Miners ETF (NYSE: GDX) doesn't scream "dividend fund," but the largest gold miners exchange traded fund is making some progress on that front. Rather, some of its largest components have recently unveiled significant dividend increases. "Gold miners may increase cash returned to shareholders as gold prices rise but should exhibit more caution than in past bull cycles," Fitch Ratings said in a recent note.
Gold has long been regarded as a safe haven for investors in times of market turmoil. Many investors have gained exposure to the gold industry by investing in stocks of companies engaged in the exploration and mining of the precious metal.
Great Lakes Dredge & Dock Corporation ("Great Lakes") (GLDD), the largest provider of dredging services in the United States announced today that Elaine Dorward-King was appointed to its Board of Directors. Dr. Dorward-King was appointed to the class of directors that will stand for election at the upcoming 2020 Annual Meeting of Shareholders. At this time, the Company has not made a determination regarding any committee assignments for Dr. Dorward-King.
Newmont's (NEM) latest quarterly dividend hike is effective upon the approval and declaration of its first-quarter dividend in April 2020.
One of my themes in 2019 was to hold portfolio positions in gold with an allocation of 10%. Now it's time to reduce this allocation to 5% as Comex gold futures test their semiannual risky level at $1,610.6.
Newmont Goldcorp Corp. stock rose 2.6% in Monday premarket trading after it raised its dividend 79%, effective upon approval for the first quarter dividend in April 2020. This brings the quarterly dividend to 25 cents per share. Newmont is a leading gold mining company with jurisdictions in North and South America, Australia and Africa. The company also recently announced a stock repurchase program for up to $1 billion. Newmont shares have gained 24.6% over the past year while the S&P 500 index is up 27.8% for the period.
Newmont Refreshes Brand as Company Looks to Next 100 Years of Superior Performance, Value Creation and Sustainability Leadership
Investing in gold stocks, a leveraged bet on the price of gold, panned out in 2019. Should gold stocks be on your buy list as the spot gold price nears a six-year high?
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.
Healthy growth prospects, disciplined capital allocation strategy and synergies from the merger with Goldcorp are driving Newmont Goldcorp's (NEM) shares.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 […]