|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||22.02 - 22.44|
|52 Week Range||17.28 - 23.31|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.10|
|Expense Ratio (net)||0.53%|
Kinross Gold Beat Its Q4 Earnings EstimatesKinross Gold’s earnings Kinross Gold (KGC) released its fourth-quarter earnings results after the market closed on February 13. The company will hold its conference call on February 14. Kinross Gold
Yamana Gold: What's in the Cards for Q4 2018 Results?Yamana Gold’s performance Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date. Until February 12, the stock has gained 12.5% against Agnico Eagle Mines’ (AEM), Kinross
Barrick Gold Tanks on Mixed ResultsBarrick Gold’s Q4 2018 earnings Barrick Gold (GOLD) reported its Q4 2018 and 2018 results today before markets opened. It reported adjusted EPS of $0.06 for Q4, slightly beating the consensus estimate of $0.05.
Investors Are Awaiting This Update from Kinross Gold's Q4 ResultsKGC’s underperformance After underperforming its peers (GDX) (NUGT) in 2018, Kinross Gold (KGC) has continued that underperformance this year. Its stock had returned 1.3% YTD
Barrick Gold Corp. reported Wednesday a fourth-quarter net loss that widened to $1.20 billion, or $1.02 a share, from $314 million, or 27 cents a share, in the same period a year ago. Excluding non-recurring items, such as asset impairment charges and tax adjustments, adjusted earnings per share fell to 6 cents from 22 cents, but matched the FactSet consensus of 6 cents. Revenue declined 14.5% to $1.90 billion, missing the FactSet consensus of $1.96 billion. Barrick's stock edged up 0.35 in premarket trade. The average realized gold price during the quarter was $1,223 an ounce, up from $1,216 in the third quarter, while production rose to 1.26 million ounces from 1.15 million ounces in the third quarter. Copper production rose to 109 million pounds from 106 million pounds in the third quarter. The stock has rallied 7.6% over the past three months, while the VanEck Vectors Gold Miners ETF has soared 19.7% and the S&P 500 has gained 0.8%.
Technically speaking, the S&P 500 continues to trend higher, writes Michael Ashbaugh, rising to its second test of major resistance matching the 200-day moving average.
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks SoGold’s gains Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December. The major driver of
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Factors affecting Barrick’s estimates As we’ve seen previously in the series, Barrick Gold (GOLD) has underperformed its peers year-to-date. Most of the analysts are
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Tanzania tax dispute One of the major issues for Barrick Gold (GOLD) remains subsidiary Acacia’s tax dispute with the Tanzanian government. The government of Tanzania banned
What to Look For in Barrick Gold’s Q4 EarningsBarrick Gold’s merger with Randgold Barrick Gold (GOLD) announced its merger with Randgold Resources on September 24. Due to the perceived synergies, both the stocks gained after the news. Between the
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Valuation for capital-intensive industriesThe EV-to-EBITDA (enterprise value-to-EBITDA) multiple is a good measure of valuation for capital-intensive
Weakness in global markets and another round of trade worries reignited the safety trade with exchange traded funds tracking gold prices and the gold miners space rallying on Friday. Among the best performing ...
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ estimates for FCFInvestors are typically interested in gold mining companies’ (GDX) (GDXJ) ability to generate FCF (free cash flow) because it
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ forecasts Analysts estimates for gold miners’ (GDX) revenues can give us a good idea about their gold price (GLD) outlooks as well as their
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)The fewest “buy” ratings Among senior and intermediate miners (GDX) (JNUG), New Gold (NGD), Barrick Gold (GOLD), Eldorado Gold (EGO), and Kinross Gold
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Market sentiment Let’s look at Wall Street analysts’ recent ratings and recommendations for gold miners ahead of their fourth-quarter earnings results.
Digging into Gold Miners' Performances ahead of Their Q4 ResultsGold versus gold mining companies Gold’s price has risen 2.2% YTD (year-to-date) after falling ~1.9% in 2018. Gold (GLD) saw its fourth consecutive positive monthly return in
As concerns about the health of the global economy are starting to make themselves known, one asset class has started to shine in a big way. We're talking about precious metals and gold stocks. The price of gold has steadily climbed and is now around $1313 per ounce. For the various gold stocks, this is a huge blessing. After suffering from low gold prices for years, the steady climb is great news for the sector's bottom line. That's because the gold stocks make money on the difference between what it costs them to produce and what gold is trading at. The difference between the two price points is generally all profit for the major mining firms. So, the higher gold goes, the more money the miners will make. With increasing volatility and uncertainty in the world as well as rising M&A, the gold stocks are sitting pretty in the current environment. Gold should stay steady and increase as the world's economy begins to slow. Then it will be all gravy for the various gold mining stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 9 Best Stocks to Invest In During a Manic Market But which ones could be the best? Here are five gold stocks that should add some shine to a portfolio. Source: Jeremy Vohwinkle via Flickr (Modified) ### Barrick Gold (GOLD) When it comes to gold stocks, bigger is often better. As a miner, you can use scale to reduce costs and boost efficiency at your mines. And with gold prices rising, the largest mining stocks are able to pull in a bigger spread when comes to all-in cash costs. So, when one of the biggest gold miners gets that much bigger, you pounce on the opportunity. In this case, we're talking about Barrick Gold (NYSE:GOLD) GOLD was already a top-dog in the sector, but it's getting even better. At the end of 2018, Barrick made the bold move to acquire rival Randgold Resources. This buyout created the world's biggest gold mining firm. Combined the new company will own five of the world's top tier one gold mines. Tier one mines are prized as they are large, low-cost and have very long life-spans. The combination will help drive future profitability and production. Speaking of that profitability, Barrick is already doing well in the current gold environment. All-in cash costs clocked in at $813 per ounce of gold for the first three months of 2018. With gold averaging nearly $1250 over that time, GOLD has been able to feast on the difference. Full year results including Randgold will be released at the end of February. With a strong and growing dividend, lower cost potential and higher selling prices, Barrick is simply one of the best gold stocks to own. Source: Shutterstock ### Kirkland Lake Gold (KL) Kirkland Lake Gold (NYSE:KL) is a relative newcomer in the sector, but it's already moving up the gold stocks ladder to be a huge winner and attract major investor attention. KL owns four producing mines in Canada and Australia. And that's a good place to be. With safety and standard mining rules in place, KL has been able to see some huge results in its short life-span. The firm's strong production has it on pace to mine roughly 670,000 oz of gold this year. That's a nearly 13% increase of 2017 numbers. For the full-year 2019, Kirkland expects that number to jump an additional 15%. Meanwhile, the gold stocks mines are pretty low cost as well. Back in 2016, when it was ramping up its mines, KL's cash cost was around $930. For full-year 2018, management at the gold miner expects that number to fall to just $760 and $680 for all of 2019. Pulling more production at higher selling prices while your cost is falling is a recipe for success. No wonder why Kirkland stock surged by more than 60% last year. But with some of the best metrics in the entire sector and continuing rising gold prices, KL stock should be a winner over the rest of the year. * 3 Red-Hot Stocks (And 3 That Aren't) For investors, Kirkland may be unknown, but it won't stay that way for long. Source: Bullion Vault via Flickr (Modified) ### Coeur Mining Inc (CDE) Truth be told, Coeur Mining (NYSE:CDE) has long been the red-headed stepchild of the mining sector. The silver producer has typically been a penny stock and hasn't really produced great returns for long term investors. However, the firm's recent move -- and its 15% jump in January -- are looking to change that. Historically, CDE has been a silver miner. But over the last few years, the mining firm has ramped-up gold production. Today, the yellow metal makes up more than 59% of CDE's production. That's a complete flip-flop with silver over the last decade -- which is good for CDE because gold provides better margins. And speaking of those margins, Coeur has been able to release lower costs as well. Since 2014, CDE has been able to reduce its all-in costs at its five mines by more 20%. With gold and silver prices rising, CDE's lower cash costs will allow to pull in more per oz going forward. This helps explain why the stock has rocketed higher since the start of the year. And it could keep going. With a strong balance sheet, plenty of reserves in the ground and expansion plans on the table, there's no reason why this silver producer turned gold stock won't see gains. It's certainly a riskier play than Barrick or even Kirkland, but the reward could be greater. Source: Karangahake Gorge Tunnel (New Zealand) via Flickr (Modified) ### Agnico-Eagle Mines (AEM) Shortly after Barrick purchased Randgold, other big-time gold stock Newmont (NYSE:NEM) made an offer for Goldcorp (NYSE:GG). Gold stocks are now M&A targets. The question is, who could be next. The answer very well could be Agnico-Eagle Mines (NYSE:AEM). AEM owns eight mines are located in Canada, Finland and Mexico. These mines feature high-quality and easy-to-access ore. That's helped Agnico-Eagle have some of the lowest all-in cash costs in the industry. According to AEM, the vast bulk of its current mineral reserves are able to be mined at total cash costs below $900 oz. And that number continues to fall as several other expansion efforts come online in the next year or two. All of this has helped AEM become a top-tier miner that features plenty of cash flows and a growing dividend. This makes it very attractive to larger rivals looking to instantly beef up their holdings with high-quality gold reserves. And with a market cap of only around $10 billion, the gold miner is very easy to swallow. And even if a buyout doesn't happen, AEM is still one of the best gold stocks to hold in a rising price environment. * 4 Brazilian Stocks to Buy as the Emerging Market Pauses For investors, AEM is the total package of potential and current gains. Source: Shutterstock ### iShares MSCI Global Gold Miners ETF (RING) Given the opportunities for many gold stocks to see gains with higher prices, perhaps a broad approach is best. Typically, the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is the first stop when it comes to broad gold mining stock exposure. However, the iShares MSCI Global Gold Miners ETF (NASDAQ:RING) may be a better fund. RING and GDX track similar indexes of global gold producers. However, RING is slightly more concentrated with just 37 different miners versus GDX's nearly 60. That concentration hasn't hurt the performance of RING. Over the last three years, the average annual return for the ETF has clocked in at around 16%. That's roughly equal to GDX's performance over that time. But over the long haul, RING's edge comes down to expenses. RING only charges 0.39% or around $39 per $10,000 invested. Meanwhile, GDX's expense ratio clocks in at 0.53%. All things being equal -- and for the most part, in this case, they are -- RING should be able to outperform GDX as GDX has a larger expense drag. Even better is that RING is available to trade commission free at many brokerage firms such as Fidelity. Given the lower fees and potential to save on trading commissions, investors looking to broadly play the gold stocks may want to pick the smaller RING over the popular VanEck fund. At the same of writing, Aaron Levitt did not hold a position in any of the stocks mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Won Super Bowl Sunday * 7 High-Yield ETFs for Brave Investors * 10 F-Rated Stocks That Could Break Your Portfolio Compare Brokers The post 5 Gold Stocks That Should Glitter in 2019 appeared first on InvestorPlace.
When stocks swooned in the fourth quarter, finding equity-based ETFs that were rising was a difficult task. On that note, gold miners ETFs, such as the VanEck Vectors Gold Miners ETF (NYSEArca: GDX) and ...
Gold traders and investors should be worried — gold-market timers have become extremely bullish. To be sure, contrarian analysts were worried about gold several weeks ago, the last time I devoted a column to gold market sentiment. Consider the average recommended gold-market exposure level among a subset of short-term gold timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI).
Do These Factors Point to a Strong Start for Gold in 2019?(Continued from Prior Part)Highest central bank buying in 50 yearsAccording to the gold demand trend released by the World Gold Council on January 31, annual gold demand increased by 4% in
Gold futures settle higher on Thursday, tallying a fourth straight month gain, after the Federal Reserve left interest-rates unchanged and employed language hinting at a momentary pause in monetary tightening — a bullish development for bullion prices.
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)AngloGold Ashanti’s rerating potentialSouth African miners (GDXJ) have traditionally traded at discounts to their global counterparts (GDX), primarily due to South
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)AEM has the highest multiple Among intermediate gold miners (GDX), Agnico Eagle Mines (AEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of