22.45 +0.04 (0.18%)
After hours: 6:50PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 3000|
|Day's Range||21.38 - 22.52|
|52 Week Range||10.56 - 28.75|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.90|
|Expense Ratio (net)||1.23%|
Wall Street Is Loving these Five Gold Stocks Lately(Continued from Prior Part)Gold miners’ leveraged performanceGold miners usually act as a leveraged play on gold prices. In 2018, the VanEck Vectors Gold Miners ETF (GDX) fell 9.3%, amplifying the
Will Newmont Investors Approve GG Merger after Special Dividend?Newmont’s special dividend payment Today, Newmont Mining (NEM) announced a conditional special dividend to shareholders if its proposed merger with Goldcorp (GG) goes through. This
Markets Spooked as Yield Curve Inverts for First Time since 2007(Continued from Prior Part)Fed’s dovish stanceAnother factor that added to the downward pressure on yields came after the Fed’s more-dovish-than-expected take on future rate hikes.
John Paulson Opposes the Newmont-Goldcorp MergerNewmont-Goldcorp merger As reported by Reuters on March 21, in a letter to Newmont Mining’s (NEM) CEO, Paulson & Co. said it doesn’t favor Newmont Mining’s $10 billion merger with Goldcorp
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Net debt-to-EBITDAIf a company has high debt but has the capacity to repay it through its earnings, then the debt likely won’t be much trouble for the company.
What Are Markets Expecting from Fed’s Policy Meeting?(Continued from Prior Part)Fed’s inflation targetThe Federal Reserve’s two main objectives are stabilizing prices and maximizing employment. The Fed’s inflation target has been 2% for a
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Analysts’ recommendations for Kinross GoldOf the 20 analysts covering Kinross Gold (KGC) as per the consensus compiled by Thomson Reuters, 40% have given it “buy”
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
Newmont-Goldcorp Merger: What to Expect from Combined Company(Continued from Prior Part)Barrick’s hostile bid for Newmont On February 25, Barrick Gold (GOLD) put in an unsolicited bid to acquire Newmont Mining (NEM), which did not offer any premium
The Dow Jones Industrial Average could close the trading week with its fifth straight losing session on Friday, but defensive-minded investors are taking action through precious metals and miners. The ...
The Dow could record its fifth straight losing session today, but defensive-minded investors are taking action through gold, other precious metals and miners.
Goldman Sachs: Why It's a ‘Pound-the-Table Time’ to Buy GoldGold prices fell recently Gold prices (GLD) fell by over 2.5% for the week ended March 1, their biggest weekly decline since August 2018. Mostly, the trade optimism between the US and
Newmont Mining Rejects Barrick Gold’s Hostile Acquisition BidBarrick’s bid for Newmont As we discussed in Barrick Gold Makes a Hostile Bid to Acquire Newmont Mining, on February 25 Barrick Gold (GOLD) made an unsolicited bid for its rival
Barrick Gold after the Randgold Merger: Upside in 2019?(Continued from Prior Part)Reserve replacement Gold miners (GDX) (SGDM) have faced ongoing concerns. They face the problem of compensating for every ounce they take out of the ground. Investors
Barrick Gold after the Randgold Merger: Upside in 2019?(Continued from Prior Part)Financial leverage Investors have become cautious about miners’ escalating debt positions resulting from acquisitions conducted at the peak of the cycle. Some miners
A new bull was born in gold prices late last year. And since then fundamental and technical forces have combined to drive the yellow metal higher. Spectators looking to get in on the action in gold stocks will be happy to know a pullback is forming to provide lower risk entries.Though the original spark for the gold bull market's birth was the desire for safety amid a crashing stock market, the fuel that should sustain it hails from a different corner of the financial sphere -- monetary policy. Over the past few months, the Federal Reserve has pulled an about-face, from hawkish to dovish. Talk of future rate hikes has given way to reassurances that Jerome Powell and crew will be patient and take actions supportive of asset prices if necessary.Some even think their next move may end up being a rate cut.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith interest rate projections ratcheting lower and inflation expectations notching higher, investors are betting that the backdrop for gold is now warming. * 7 IPOs to Get Excited for in 2019 Today we'll look at three ways to capitalize on higher prices in the gold mine. Click to Enlarge Source: ThinkorSwim VanEck Vectors Gold Miners ETF (GDX)Gold stocks are reveling in their newfound bullishness. Since bottoming last September, the Gold Miners ETF (NYSEARCA:GDX), which tracks a basket of the top gold mining stocks, has gained 29%. Along the way it climbed back above the 20-day, 50-day, and 200-day moving averages, confirming buyers have wrested control of the trend on all but the longest of time frames.Dips have proved valuable buying opportunities along the way which is why traders should be eyeing this week's retreat with interest. With today's descent, GDX stock is working on its sixth down day in a row. If past is prologue, bulls should emerge to halt the decline within the next few trading sessions.Buy the April $22 calls for around 95 cents. Click to Enlarge Source: ThinkorSwim Gold Miners Bull 3X Direxion ETF (NUGT)If you're looking for a higher octane way to bank on further upside in gold prices, then leveraged ETFs are beckoning. In sticking with the theme of buying gold mining stocks, you could use the Gold Miners Bull 3x Direxion ETF (NYSEARCA:NUGT) which aims to move 300% of the NYSEArca Gold Miners Index over a single session.Though its performance varies significantly over weeks and months, on a daily basis, NUGT moves close to 3x what GDX does. For example, at the time of this writing, GDX is down 0.54%, and NUGT is down 1.59%.The posture of NUGT is similar to GDX. It rallied back above all major moving averages this year and is in the midst of a six-day pullback. Because of its more volatile nature, the options listed on NUGT carry juicier premiums than the non-leveraged gold miners ETF. As such, the potential payout for strategies like covered calls and naked puts are attractive. * 9 Best Stocks to Buy on U.S.-China Trade Optimism If you think NUGT will end up above $17 at April expiration, then sell the Apr $17 put for 85 cents. Click to Enlarge Source: ThinkorSwim Newmont Mining (NEM)The previous two ideas offered diversified ways of gaming a basket of gold stocks. My final selection involves picking a specific gold stock -- Newmont Mining (NYSE:NEM). It boasts one of the best setups of its peers and is rallying today, despite the drop in gold prices.If the relative strength persists, a bullish trade on NEM could deliver sector-beating returns during the next upswing. Implied volatility for NEM stock options sits at 27% or the 38th percentile of its one-year range. That means premiums are juiced enough to make short option strategies interesting.Sell the April $33 puts for 77 cents.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 5 STARS Stocks That Continue to Define the Future * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio * 5 Real Estate Stocks to Buy for Dividend Income Compare Brokers The post 3 Ways to Trade the Bull Market for Gold Stocks appeared first on InvestorPlace.
Can Newmont Mining Outperform Its Peers in 2019?(Continued from Prior Part)Significant debt reductionNewmont Mining (NEM) saw its debt rise at the peak of the cycle due to expensive acquisitions, which have now been brought under control. The
Buffett versus Dalio on Gold: Whose Advice Should You Take?(Continued from Prior Part)Fed to let inflation overshoot target? The Federal Reserve has two main objectives: price stability and maximizing employment. Its inflation objective has been 2%
Buffett versus Dalio on Gold: Whose Advice Should You Take?(Continued from Prior Part)Highest central bank buying in 50 years According to the gold demand trend for Q4 2018 released by the World Gold Council, central banks are on the biggest gold
Can Newmont Mining Outperform Its Peers in 2019?(Continued from Prior Part)Reserve replacement Gold miners (GDX) (SGDM) face the problem of compensating for every ounce they take out of the ground. While mines have finite lives, the companies
Buffett versus Dalio on Gold: Whose Advice Should You Take?(Continued from Prior Part)Buffett and Dalio on stock advice When it comes to investing in stocks, Berkshire Hathway’s (BRK.A) chair, Warren Buffett, and Bridgewater’s founder, Ray Dalio,
Barrick Gold Makes a Hostile Bid to Acquire Newmont MiningBarrick’s bid for Newmont Today, Barrick Gold (GOLD) made an unsolicited bid for its rival Newmont Mining (NEM) in an all-share deal. According to a press release, this all-share
In 2018, rising interest rates that coincided with an extended bull run in U.S. equities for most of the year fueled a strong dollar, tamping down gains for gold. Gold has long been used as a safe haven asset, particularly when the value of the dollar declines. Furthermore, it provides a hedge for inflation since its price typically rises in conjunction with consumer prices.
Newmont Mining's Q4 Results Beat Estimates, Stock RisesNewmont Mining’s fourth-quarter resultsNewmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21. The company reported EPS of $0.40, which
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.