|Bid||3,786.00 x 0|
|Ask||3,900.00 x 0|
|Day's Range||3,750.00 - 3,880.00|
|52 Week Range||1,056.00 - 4,215.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2020 - Feb 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.03|
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.
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]
South African mining companies Harmony Gold, Impala Platinum, and Sibanye-Stillwater have been forced to cut production since Monday due to power shortages, they said on Tuesday. "There are very few underground mines that operated overnight and will be operating normally today," said a spokesman for the Minerals Council, an industry body. Harmony Gold called off its underground shifts, saying it would resume as soon as state power company Eskom could provide assurance power supply would be more reliable.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
At first glance, the case for gold stocks to buy appears incredibly challenged right now. One of the biggest impediments to a rising equities market has been the U.S.-China trade war. Recently, though, both sides appear willing to negotiate. Even President Donald Trump, no stranger to angry rhetoric, appeared optimistic for a substantive trade deal.Wall Street has given Trump the benefit of the doubt, significantly hurting the case for gold stocks to buy. Both the venerable Dow Jones Industrial Average, along with the benchmark S&P 500 have charged to all-time highs. In sharp contrast, gold prices, which have looked so strong this year due to rising fear and uncertainty, have slid downward this month.But before you get too complacent, Yahoo Finance contributor Rick Newman brought up an excellent question: Why is the Street giving any credibility to Trump? As Newman bluntly put it, "There is, in fact, no trade deal with China." Further, he provides his readers with a warning from the not-so-distant past:InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Last December, after meeting with Chinese President Xi Jinping, Trump said, 'It's an incredible deal. It goes down, certainly, if it happens, it goes down as one of the largest deals ever made.' If you're wondering what deal that was, well, yes -- there was no deal."Thus, I don't think the thesis for gold stocks to buy is dead. And even if a trade deal materializes, I recently presented my argument for why big banks are in trouble. Namely, the economy is nowhere near as healthy as advertised. * 10 Cheap Stocks to Buy Under $10 This pressured environment dramatically raises the profile for gold miners. Additionally, don't ignore the potential for silver stocks to buy. Newmont Goldcorp (NEM)Source: Piotr Swat/Shutterstock Under any economic condition, I believe some exposure to gold and precious metals is prudent. Going 100% into any asset class is simply asking for trouble. That said, I understand the inconveniences involved with buying physical bullion. Thus, if you're not into gold-based exchange-traded funds like SPDR Gold Trust (NYSEARCA:GLD), then Newmont Goldcorp (NYSE:NEM) and NEM stock could be right for you.With a market capitalization of $30.3 billion, NEM stock is at time of writing the biggest name among publicly traded gold stocks. And while such stability typically means that Newmont won't rise as dramatically during a gold rush, you're likely not to lose your shirt with this investment. No matter what, both gold and silver stocks are known for volatility; thus, having a safety net makes sense.Thanks to its January 2019 acquisition of Goldcorp, NEM stock offers fundamental robustness. With stronger margins and higher growth trajectories, NEM is well positioned to advantage the fear trade. That might very well come if this trade war negotiation turns out to be another head-fake. Sibanye Gold (SBGL)Source: Shutterstock One of the biggest gold stocks to buy, Sibanye Gold (NYSE:SBGL), is notable today for moving against the grain. While the spot price for the underlying yellow metal has steadily declined since the beginning of September, SBGL stock has veritably skyrocketed. Is there something in the water in South Africa where Sibanye is headquartered?We all know that Africa has very valuable natural and precious resources. Among those resources isn't just gold, but also platinum and palladium. The latter metal has enjoyed a robust performance in the markets. Currently, palladium is worth more than gold, even with a sharp drop in price. Since Sibanye is the second-largest producer of the precious metal, SBGL stock has enjoyed outsized gains. * 7 Under-the-Radar Retail Stocks to Buy Now Not only that, management has been very active in the mergers and acquisitions scene. Consolidating more companies under its umbrella, SBGL stock has a very robust growth pathway over the long run. Franco-Nevada (FNV)Source: Shutterstock Among the best performing gold stocks to buy, what most impresses me about Franco-Nevada (NYSE:FNV) is its resiliency. Several mining companies, especially the ultra-speculative silver stocks, fell sharply following the 2011 precious metals rally and subsequent collapse. While FNV stock certainly felt the heat, it didn't fold like many of its peers.A major reason why this is involves fiscal stability. Prior to the 2011 run up, many sector players got gold fever, believing prices would rise indefinitely. Unfortunately, these organizations were not prepared for the coming bearish phase, taking risks they normally wouldn't have.However, Franco-Nevada has kept its financials relatively clean. For instance, its balance sheet has very manageable debt levels compared to its cash holdings. In other words, management hasn't stretched itself, which is a positive attribute in this environment. You just never know what's going to happen next. Thus, FNV stock gives you a balanced approach between upside potential and stability. Sandstorm Gold (SAND)Source: Shutterstock A lesser-known entity among gold stocks to buy, Sandstorm Gold (NYSEAMERICAN:SAND) could eventually turn out to be a front runner. Although the low SAND stock price makes it riskier compared to its larger brethren, what investors will appreciate is the underlying company's business model.Featuring a portfolio of royalty assets, Sandstorm doesn't actually operate mining projects. Instead, it invests in companies that have a need for capital. In return, Sandstorm receives a share of the spoils. For those who are concerned about the volatility in metal prices, SAND stock may offer an ideal platform. Thanks to the royalty model, it's much easier to predict cash flows for the company. * These 7 Stocks to Buy Were Big Winners This Earnings Season That said, don't jump aboard SAND stock assuming that it has no risks. Primarily, Sandstorm has a substantial stake in the Hod Maden mine in Turkey. If this pans out, SAND is due for a massive upswing. But it's also important to consider that Turkey isn't exactly a geopolitically stable area. First Majestic Silver (AG)Source: Shutterstock While gold stocks get most of the coverage in the precious metals sector, investors shouldn't ignore silver stocks. Generally speaking, the cheaper of the pair share a strong correlation with each other: As one moves higher, so too does the other. With that in mind, those interested in mining companies should consider First Majestic Silver (NYSE:AG) and AG stock.One of the attributes about First Majestic that I found appealing is its geographic positioning. The company has 100% ownership of six mines in Mexico. Aside from being a neighboring country, Mexico has free trade agreements with multiple developed economies. More importantly for potential buyers of AG stock, Mexico features relative political and financial stability.And because the U.S. and Mexico are such close partners, the latter is truly disincentivized from acting irrationally.That said, AG stock isn't without risks. Typical of smaller silver stocks, First Majestic historically has suffered middling profitability margins, though these metrics have recently improved. Wheaton Precious Metals (WPM)Source: Shutterstock Like gold stocks, silver mining investments are wild, even more so than those companies producing the yellow metal. Because silver has both industrial and monetary components, as well as a thinner market, the supply-demand picture is unpredictable. However, Wheaton Precious Metals (NYSE:WPM) takes much of the guesswork out with its streaming business model.Like Sandstorm Gold, Wheaton Precious Metals doesn't own mining projects. Instead, it provides necessary capital for miners. Therefore, an investment in WPM stock provides broader coverage to the silver mining industry than would be possible through a traditional business model. And because of the pre-negotiated contracts, it's much easier to predict Wheaton's financial trajectory. * 7 Earnings Losers That Were Hit Hard This Season Interestingly, WPM stock has held up reasonably well following the precious metals' fallout earlier this decade. Now, it appears the tide is shifting favorably for both gold and silver stocks to buy. Don't be surprised if WPM enjoys outsized performance. Pan American Silver (PAAS)Source: Shutterstock Relative to gold stocks, the silver miners have a reputation for being high-risk, high-reward investments. However, those that value hard results with the possibility of outstanding gains should consider Pan American Silver (NASDAQ:PAAS). While silver prices have slipped badly in November, PAAS stock is up over 4% since the beginning of the month.Why? The Street took a very positive view on the company's third-quarter earnings results. Revenue came in at over $352 million, representing a year-over-year lift of nearly 88%. Moreover, Pan American delivered net income of $37.7 million, which translates to earnings per share of 18 cents. In the year-ago quarter, EPS was a loss of 6 cents.Following the results, PAAS stock benefitted from a robust session the next day.I wouldn't be surprised if we saw further gains down the road. PAAS stock was a survivor of the dark days of silver and gold stocks early this decade. With a much more favorable pathway ahead, the underlying company has the potential to pull off big surprises.As of this writing, Josh Enomoto is long all the precious metals mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Great High-Yield Stocks With Payouts Over 5% * 10 Blue-Chip Stocks to Buy for the End of the Year * 5 Retail Stocks Getting Nothing but Coal This Holiday Season The post 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside appeared first on InvestorPlace.
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]
With the U.S.-China trade war again showing no sign of resolution, and combined with other geopolitical flashpoints, plowing into growth stocks is probably the last thing on many investors' agendas. And while the U.S. markets have certainly printed some red ink recently, a growth-based strategy surprisingly isn't completely insane. We just may be looking at the wrong place.Stereotypically, Americans tend not to think much beyond their zip code, let alone their country. That's perhaps the privilege of living in the greatest nation on earth. In this case, though, being self-absorbed has some tangible consequences. Looking beyond our borders, international growth stocks offer interesting plays for the risk-tolerant investor.In full disclosure, I've been negative on both the domestic and global economies. Obviously, I'm not the arbiter of what happens next. And certain indicators, such as the economic surprise indices, suggest that global markets are stronger than advertised. This includes countries like Japan, Canada, China, and the Eurozone. If true, that bodes very well for international growth stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother factor potentially bolstering international growth stocks is that the U.S. markets are stretched. Shrewd investors want to see more bang for their buck. Likely, they're not going to get much stateside. However, global markets offer upside, if you're willing to stomach the risk. * Do These 7 Retail Stocks Make the Grade? If that's you, here are seven international growth stocks to consider: Barrick Gold (GOLD)Source: Shutterstock Headquartered in Canada, Barrick Gold (NYSE:GOLD) is easily one of the best international growth stocks to put on your short list. With fears rising about geopolitical flashpoints, as well as our own economic stability, GOLD stock is a perfect choice for those who want exposure to safe-haven assets, but don't want the hassle of owning physical bullion.Plus, if you're pessimistic about the broader narrative, GOLD stock offers a hybrid play: you can indirect exposure to safe-haven assets while still participating in the financial system. Better yet, analysts project serious growth for the mining company. Next year, they anticipate growth of 46%, and nearly 34% per annum over the next five years.While this sounds rather robust, it's not at all unreasonable. Gold prices have been deflated for several years, so they're due for a pick-me-up. Additionally, the catalysts - primarily fear and uncertainty - are evident in the markets. Thus, keep GOLD stock close to your chest. Something tells me you'll be glad you did. Sibanye Gold (SBGL)Source: Shutterstock I don't intend to turn this list of international growth stocks into a mining-centric write-up. Nevertheless, the bullish narrative for Sibanye Gold (NYSE:SBGL) is, in my opinion, extremely powerful.For starters, SBGL stock offers the same hybrid opportunity as Barrick Gold: you get the indirect protection that precious metals provide if we suffer economic hardship, as well as the convenience of plugging into the financial system. More importantly, though, the South African-headquartered mining firm specializes in platinum and palladium production.Both metals are critical for the development of catalytic converters. Due to stricter emissions standards in the automotive industry, palladium demand has already skyrocketed. While electric vehicles aim to overturn traditional fossil-fueled cars, this complete transition won't happen so quickly. This situation augurs very well for SBGL stock. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? Moreover, we have to think about the political situation. Increasingly, climate change and its associated issues have taken center stage. For now, the best way to address earth's climate is through more rigorous emissions standards. This will only spike up palladium and platinum demand, further bolstering SBGL stock. Sony (SNE)Long playing second fiddle to consumer electronics king Apple (NASDAQ:AAPL), my alma mater Sony (NYSE:SNE) offers an interesting play among international growth stocks. For one thing, I tend to believe in market cycles. As one organization dominates, they must provide increasingly compelling storylines to keep investors interested. Because SNE stock is on the outside looking in, they don't have to worry about that pressure.Fundamentally, SNE stock may be fortuitously well positioned. I say this because with peak smartphone, it's become exponentially harder to excite customers. According to some sources, for instance, Apple's new iPhone 11 isn't all that great.In contrast, I'm very excited about Sony's upcoming product pipeline. Sure, I'm biased. But with something as powerful as the upcoming PlayStation 5, it doesn't matter: it's almost a guarantee that Sony's flagship product will receive massive fanfare. Obviously, this is a net positive for SNE stock.Plus, Sony isn't just riding the PlayStation horse. They've got other viable platforms, such as artificial intelligence-based video-content creators, as well as next-generation "pro-sumer" digital cameras. It all makes for a strong contrarian candidate among international growth stocks. Cemex (CX)Source: Wikimedia CommonsPresident Donald Trump may not always show his appreciation, but Mexico is a vital partner to the U.S. Of course, because of the current political situation, this relationship is unfortunately strained, to put it mildly. But that shouldn't dissuade you from considering Cemex (NYSE:CX) among your list of international growth stocks.Since July of 2017, CX stock has unfortunately suffered substantial volatility. Some of the harsh rhetoric from the White House has spilled over into our trade agreements with Mexico. As such, many investors have chosen to dump Cemex.But with shares down so much since then, I think it's time to put CX stock on your radar. First, the U.S. isn't Mexico's only trading partner. Thanks to modernization initiatives and various efficiencies, Mexico represents an attractive place for business. Unsurprisingly, foreign direct investment dollars have flowed in from Japan and the European Union. * 8 Dividend Stocks to Buy for a Recession Finally, keep in mind that Mexico features very favorable demographics. Currently, almost half of the country's population is what we would term working age. Also, because of their robust population growth, Mexicans aged zero to 14 years represent almost 27% of the country's tally. Thus, you're looking at a very important global labor market, which is net positive for CX stock. Tencent (TCEHY)Source: Shutterstock With Chinese growth stocks at the forefront of the U.S.-China trade war, this sector seems inevitably doomed. Again, in the interest of full transparency, I've recently adopted a less-than-positive stance on China. As the word of words continue to heat up, it's hard to imagine that companies like Tencent (OTCMKTS:TCEHY) can emerge from the muck without a trade deal.That said, TCEHY stock is a name you shouldn't ignore. Although many investors like to put tags on Tencent, such as China's Facebook (NASDAQ:FB), it's much more than that. For example, Tencent owns the WeChat app, which has more than a billion monthly users. That's second only to Facebook's WhatsApp and Messenger platforms.But a more critical point boosting the bullish thesis for TCEHY stock is WeChat's comprehensive nature. Like any messaging app, it's any easy way to connect with family, friends and colleagues. However, WeChat also arranges payments and books flights and hotel rooms.As China continues its push toward full modernization, WeChat will play a pivotal role. Therefore, you've got to keep TCEHY stock on your short list, irrespective of how you feel about the trade war. Ericsson (ERIC)Ericsson (NASDAQ:ERIC) and especially rival Nokia (NYSE:NOK) once dominated the "old school" cellphone market. But once Apple's iPhone launched, it has largely been dead man walking for ERIC stock.And there's really no question that Ericsson is a speculative name. For context, back during the tech bubble, ERIC stock once had a triple-digit price. Today, with shares firmly priced under $10, those glory days are long gone.Ordinarily, most conservative investors wouldn't give a second thought to Ericsson. However, with the telecom industry's 5G rollout, the long-embattled company suddenly has a lifeline. Through key global partnerships, Ericsson has provided the equipment necessary to implement this next-generation technology. As this rollout continues, ERIC stock may attract more investor dollars. * Do These 7 Retail Stocks Make the Grade? Analysts project growth of 35.1% next year, and nearly 64% per annum over the next five years. It's an interesting opportunity. However, just be careful that ERIC has a history of wild volatility. Credicorp (BAP)Admittedly, the idea of incorporating Credicorp (NYSE:BAP) into this list of international growth stocks is fraught with risk. As Peru's largest financial holding, BAP stock immediately loses credibility. If you haven't heard, the country is chest-deep in a political crisis. To very briefly summarize, Peru's president and vice president each claim to be the nation's rightful leader.So, why even think about BAP stock? For one thing, Peru has endured massive structural changes over the last few decades. While this present crisis is indeed worrisome, the Peruvian people have a long history of dealing with these high-level shenanigans. While I'm not trying to make light of the situation, it's not unreasonable to believe that the nation will eventually resume business as usual.When it does, Peru has interesting characteristics that could help lift BAP stock. Primarily, the country's GDP is mostly tied to the services sector. Because of that, Peru needs a robust workforce, which they have. Their population pyramid is very favorable, featuring a very large allocation of young people.As of this writing, Josh Enomoto is long gold bullion and SNE stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Do These 7 Retail Stocks Make the Grade? * The 10 Best CEOs of the Third Quarter * 5 Big IPOs That Are Getting Smashed The post 7 International Growth Stocks for Your Shortlist appeared first on InvestorPlace.
South Africa's AMCU union said on Tuesday it has referred ongoing platinum wage negotiations with Anglo American Platinum and Sibanye-Stillwater to the Commission for Conciliation, Mediation and Arbitration. AMCU President Joseph Mathunjwa said at a briefing on Tuesday that the union, the majority union in the platinum sector, would not accept less than a 1,000 rand ($65.68) increase to monthly wages. Mathunjwa also criticised Sibanye-Stillwater's decision to cut more than 5,000 jobs last month, saying the AMCU would campaign for South Africa's Labour Relations Act to be amended to make it more difficult for companies to retrench workers.
Precious metals producer Sibanye-Stillwater said on Tuesday it fell into the red in the first half of the year due to a five-month strike at its South African gold operations. Gold production was hit by the strike over pay and job cuts that ended in April and cost Sibanye more than $100 million in lost revenue.
South Africa's Association of Mineworkers and Construction Union (AMCU) is disappointed by a wage offer for workers at Lonmin, which was acquired by Sibanye-Stillwater this year. "We are utterly disappointed with the offer at Sibanye-Stillwater Lonmin," Joseph Mathunjwa told a news conference, describing the offer as a "slap in the face". Mathunjwa said that workers at Lonmin had been offered annual wage increases of 300 rand ($19.55) for the first year, 350 rand for the second year and 400 rand for the third year, lower than other miners in South Africa.
South Africa's Sibanye-Stillwater has improved operating performance in the second quarter and is set to achieve its annual targets, the precious metals miner said on Thursday. Consistent performance from platinum group metal (PGM) operations helped to offset disruption at the group's gold mines, with the company now expecting annual PGM production to be at the upper end of guidance, excluding the Marikana mine acquired as part of its takeover of Lonmin. Operating results from the group's three segments were "significantly improved" from the previous quarter, with further progress forecast during the second half of the year, the company said in a statement.