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InvestorPlace - Stock Market News, Stock Advice & Trading Tips I love holding mining stocks in my portfolio. Why? Because they can provide beastly performance no matter what the economic environment is like. Mining stocks operate in an industry with high barriers to entry and illustrio...
Summary The GDX has seen one of its most intense periods of weakness relative to the price of gold since the panic liquidation seen during the height of the Covid crash. The weakness has been in part caused by rising in oil prices, which have eaten into earnings, but the recent ri...
Summary Performance across the major asset classes has been challenged in 2022. This difficult performance may continue for the foreseeable future. What is the asset allocation investor prioritizing diversification and risk control to do? Don’t call it a com...
Summary Agnico Eagle reported a net income of $275.85 million or $0.60 per diluted share in the second quarter of 2022. Production in the second quarter of 2022 was 858,170 Au ounces, 588K Ag ounces, 2,568 MT of Zinc, and 778 MT of Copper. I recommend buying AEM between $41 an...
Summary Barrick reported its second quarter 2022 results on August 8, 2022. Barrick recorded total sales of $2,859 million, down 1.2% year-over-year. The company reported second quarter production for gold of 1,043K Au ounces (sold 1,040K Oz) and 120M Cu Lbs (sold 113M Cu Lbs). ...
The U.S. economy has entered a technical recession, with data from the Bureau of Economic Analysis showing that the country’s GDP dipped by almost 1% in the second quarter of the year. This comes after a 1.6% drop recorded in the first quarter. Last month, the Federal Open Market ...
Summary Overall, the market looks overvalued right now with several potential crash catalysts. That said, there remain a few high-yield sectors that look particularly attractive at the moment. We share two that we are buying hand-over-fist. Overall, the market looks ...
Summary We posit that Newmont stock has likely forced a capitulation bottom after its Q2 post-earnings sell-off. Moreover, the market has denied further selling downside in August so far. Our analysis suggests that the production costs headwinds that have impacted Newmont's profit...
Summary Newmont didn't have a strong second quarter. Costs rose while gold prices pulled back. The dividend seems sustainable right here, especially since NEM has a pretty clean balance sheet. The total return outlook isn't great, but Newmont could be a hedge versus unforeseen...
Summary Gold miners are paying out record dividends today, with little fanfare from Wall Street. Cash yields are higher than most U.S. equities, and are primed to rise faster if gold prices move into a multi-year uptrend. RING's concentration in the strongest and largest minin...
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2024-07-25 10:00:08 ET Jackie Przybylowski from BMO Capital issued a price target of $57.00 for NEM on 2024-07-25 08:39:00. The adjusted price target was set to $57.00. At the time of the announcement, NEM was trading at $47.7. The overall price target consensus is at $6...
We have seen the Federal Reserve increase rates of interest and hold those rates to deal with inflation over the years. During this period, the price of gold has been strong, with the metal recently reaching a new level of more than $2,400 in May. While the yellow metal’s price has dro...
2024-07-10 11:00:22 ET Anita Soni from CIBC issued a price target of $61.00 for NEM on 2024-07-10 09:46:00. The adjusted price target was set to $61.00. At the time of the announcement, NEM was trading at $45.355. The overall price target consensus is at $66.46 with high...