16.95 -0.11 (-0.64%)
Before hours: 6:23AM EDT
|Bid||16.95 x 317700|
|Ask||16.96 x 309400|
|Day's Range||16.98 - 17.07|
|52 Week Range||13.30 - 17.07|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||17.28%|
|Beta (5Y Monthly)||-0.01|
|Expense Ratio (net)||0.25%|
Gold has always had a special place for investors. It’s one of the world’s oldest forms of money, and while most currencies today no longer circulate precious metals, gold is still used as both a reliable store of value and a ‘safe haven’ investment. And in recent months, with economies reeling from the COVID-19 pandemic and markets generally going haywire, gold has seen a strong rally. The metal is up more than 16% year-to-date, and is now trading for more than $1,700 per ounce."The breakout occurring now that is ending Q2 completes an eight week trading range that has resumed higher [...] These patterns say gold can make a new all-time high with Q3 on our mind," said Bank of America strategist Paul Ciana. The potential is clear in gold; it’s an investment that can both insulate a portfolio during hard time and bring a positive return. Now combine that with penny stocks, and the combination features fantastic upsides.Penny stocks, defined as selling for less than $5 per share, typically feature high growth potential; even a small absolute gain of just a few cents per share can translate to a hefty percentage gain in share value. We’ve looked up three penny stocks in gold mining companies in the TipRanks database, with upsides starting at nearly 60%. Let’s see what makes them as good as gold.Avino Silver & Gold (ASM)Based in Canada, Avino owns and operates two mining operations outside of Durango, Mexico. The Avino mine produces gold, and copper. The San Gonzalo mine, which reached the end of its active lifetime in 2019, is still maintained for exploration purposes. Last year, ASM produced, primarily from the Avino mine, over 6,900 ounces of gold and more than 958,000 ounces of silver.A ramp-up in the Avino helped the company report both production and revenue gains in Q1, despite the coronavirus epidemic. The company showed a strong balance sheet, with $7.1 million in top line revenues, $6.7 million in cash available, and a $1.2 million reduction in term and equipment debt. Given its $0.66 share price, some analysts believe that now is the ideal time to get on board.Roth Capital analyst Joe Reagor likes ASM’s prospects, noting, "“As gold and silver prices rise, ASM should see improved operating cash flow and thus, be able to fund its internal projects and repay its term loan without further dilution [...] Looking at the valuation metric, Reagor believes "ASM remains significantly undervalued by the market."Reagor’s new price target, $1.40, suggests an impressive upside potential of 110% and backs up his Buy rating on the stock. (To watch Reagor’s track record, click here)The Strong Buy analyst consensus on ASM is unanimous, based on three reviews, and they all say: this is a stock to Buy. Adding to the good news, the average price target of $1.30 suggests a robust 95% upside potential for the coming year. (See ASM stock analysis on TipRanks)Galiano Gold (GAU)Next up, Galiano, is the new name of Asanko Gold. The company made the name change effective in early May, along with the new GAU ticker symbol. The company remains based in Vancouver, Canada and continues to operate the Asanko gold mine, located in the West Africa nation of Ghana. The mine is profitable, and in 2019 it exceeded the full-year production guidance and achieved a record output of 251,044 ounces of gold. Full-year guidance for 2020 stands at 225,000 to 245,000 ounces.Strong production performance continued in Q1. The company reported quarterly production of 66,333 ounces and sales of 67,820 ounces. With an all-in sustaining cost of $805 per ounce, and an average realized price of $1,542 per ounce, GAU generated record-high quarterly sales of $104.6 million. EPS, reported at 10 cents, was double the 5-cent estimate. The stock’s share performance has reflected the production and sales performance; GAU shares are up 31% in the four months since markets fell in February.Currently going for $1.22 apiece, some Wall Street pros warn investors not to miss out on an exciting opportunity.Heiko Ihle, 5-star analyst with H. C. Wainwright, notes the success of GAU’s Asanko mine: “We highlight that the Asanko Gold Mine (AGM) has continued to operate during the current turmoil in the wake of the ongoing COVID-19 pandemic… the AGM remains well on its way to exceed management's current FY20 gold production guidance…”In line with that upbeat outlook, Ihle rates this stock a Buy, with a $2.50 price target suggesting a 104% upside potential for the year. (To watch Ihle’s track record, click here)GAU shares have two recent reviews, and both are Buys. The average price target of $1.95 implies a one-year upside potential of 59% from the current share price of $1.22. (See Galiano stock analysis on TipRanks)Paramount Gold Nevada (PZG)Last on our list is Paramount, the Nevada-based gold mining company with two main projects. Sleeper, near the California-Nevada line, is a fully-owned project aimed at exploring and extracting the remaining recoverable reserves of an inactive open-pit mine. Grassy Mountain, near Vale, Oregon, is series of claims spread across 9,300 acres of land. Paramount is the full owner of all mining claims in the Grassy Mountain area.Paramount is currently engaged in the permitting process for its Oregon projects, which will become the state’s first active mines since the 1990s. Currently, the company is not producing any gold output – but the prospects are excellent for future production. This makes the stock a speculative option for investors willing to take the risk on a gold company that has not yet started active mining operations.Canaccord analyst Tom Gallo agrees that Paramount has strong prospects. He writes, “There has been no mining activity in Oregon since the 1990s, and although there is a clear permitting process established, no company has applied for, or received mining permits. The receipt of a full mining permit should be a major catalyst for Paramount and a rerating opportunity.”To this end, Gallo rates PZG shares a Speculative Buy along with a $1.70 price target, which implies nearly 60% upside potential from the current share price of $1.09. (To watch Gallo’s track record, click here)All in all, Paramount’s shares have a Moderate Buy analyst consensus rating, based on 2 recent reviews. Both of those are Buy, and their average price target is $3.35, suggesting an eye-popping upside potential of 207%. (See Paramount stock analysis on TipRanks)To find good ideas for penny gold stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Gold ETFs operating as trusts are straightforward. The trust holds gold and issues shares. Learn how ETFs are more efficient than buying physical gold.
Gold investors typically tout several virtues of the yellow metal: It hedges against inflation, they say, it's an uncorrelated asset that doesn't move with the stock market and it can grow in value when national or even global uncertainty is high. Those features help build the bull case, which you can leverage via gold exchange-traded funds (ETFs).Gold admittedly hadn't given investors much to work with for years. After a decade-long run topped out in 2011 above $1,850 per ounce, prices slammed back to earth and were stuck in a range between $1,100 and $1,300 until about mid-2019. But gold has been on the rise since then on the back of global growth worries. And so far in 2020, coronavirus-linked concerns about global economic weakness have pushed gold prices 12% higher.Some people look to gold investing to diversify their portfolios, and aggressive investors can try to squeeze profits out of short-term swing trades. We recommend that if you do try your hand at this commodity, you first learn the ins and outs of investing in gold, make it a small portion (5%) of your portfolio and use ETFs, for several reasons, including liquidity, low expenses and ease of use.Here's an introduction to seven low-cost gold ETFs that offer varying types of exposure to the precious commodity. This list includes the most ubiquitous gold ETFs on the market - funds you typically can read about in just about any daily commodity wrap-up - as well as a few that aren't as well-covered by the financial media but might be better investments than their high-asset brethren. SEE ALSO: The 20 Best ETFs You Can Buy Right Now
Gold tends to do well in times of trouble. Well, thanks to the coronavirus pandemic putting the global economy on lockdown, investors have trouble in spades.With gold prices climbing back toward all-time highs, you might be tempted to add some to your portfolio. Many investors already have. Sales of gold-backed exchange-traded funds have set records this year, with net inflows of $23 billion in the first quarter. And gold has delivered solidly positive returns during this bear market in stocks.But pouring a chunk of your assets into gold isn't always a good idea. In fact, gold actually has a spotty long-term record as an investment.Here are some critical nuggets you should know about investing in gold before betting on the precious metal. SEE ALSO: 20 Top Stocks to Invest In During a Recession
Gold’s status as a safe-haven has taken some punishment in recent days, but some market observers believe ETFs, including the iShares Gold Trust (IAU A), are due to shine again.
Investing in gold has never been easier than it is today. Check out this article to learn more about gold ETFs and other ways that you can add gold to your portfolio.
As more investors turn to ETFs to access the markets, gold ETFs have become a go-to choice to easily and quickly gain exposure to the precious metal.
As more investors turn to ETFs to access the markets, gold ETFs have become a go-to choice to easily and quickly gain exposure to the precious metal. According to DataTrek research, ETF investors have been a key driver of the 18.4% full-year gain in gold prices, even as global demand for the precious metal dipped 1%. While volatility caused the markets to swing and global downturn concerns pushed investors into safe-haven plays, ETF holdings of physical gold increased 16% to 2,886 tons, or an all-time high.
In terms of performance and inflows, gold ETFs, including the SPDR Gold MiniShares (NYSEArca: GLDM), SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEARCA: IAU) and others, enjoyed stellar runs ...
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We began the year 2020 with clear skies and a partial end to the U.S.-China trade war on the horizon, but a couple bomb strikes in the Middle East have re-set this table.
With the return of geopolitical tension, gold price spiked to the highest level in nearly seven years. Investors could tap the rise in bullion price with the help of ETFs.
Precious metals choices feature funds, collectibles and bullion to give investors a variety of ways to ride the upward price trends of the shiny assets, explains Paul Dykewicz, editor of StockInvestor.com.
Are you worried about overvaluation concerns in the broader market? These five ETFs can be bought at as low as $20 along with expectations for solid gains in 2020.
U.S. Money Reserve CEO Angela Roberts By John Jannarone As CEO of U.S. Money Reserve, Angela Roberts believes she has a responsibility to positively influence the professional and personal lives of employees at every level, a lesson she learned many years ago from a mentor at a previous company. She spoke to CorpGov about her […]
The Cboe Volatility Index is widely used as an indicator of measuring the ebbs and flows of volatility in the markets. iShares Gold Trust (IAU) : seeks to reflect generally the performance of the price of gold and the performance before payment of the Trust’s expenses and liabilities. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of gold.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.