|Bid||13.79 x 0|
|Ask||13.99 x 0|
|Day's Range||13.80 - 14.24|
|52 Week Range||12.74 - 19.32|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||41.78|
|Forward Dividend & Yield||0.10 (0.75%)|
|1y Target Est||N/A|
Analysts’ Views: Is It Time to Look at Gold Miners? According to the consensus compiled by Thomson Reuters, 71% of analysts covering Yamana Gold (AUY) stock have recommended a “buy,” while 15% have recommended a “hold.” AUY’s target price represents an upside potential of 54% based on its current market price. Yamana’s “buy” ratings have improved to the current level of 71% from nearly 31% a year ago.
Agnico Eagle Mines’ (AEM) operating performance in 2017 was quite strong. Rising 10.0%, its stock almost matched the benchmark gold miners’ index’s (GDX) performance. In 2018, however, it has been weaker.
Kinross Gold (KGC) has underperformed its peers YTD (year-to-date), returning -31.5%. The VanEck Vectors Gold Miners ETF (GDX) has returned -14.5%. The SPDR Gold Trust ETF (GLD), which tracks gold’s physical price, has returned -6.4%. Geopolitical concerns have kept the pressure on KGC in 2018.
According to Thomson Reuters, of the 19 analysts covering Newmont Mining (NEM), 58.0% recommended a “buy,” 37.0% recommended a “hold,” and 5.0% recommended a “sell.” Its target price implies an upside of 38.0% based on its current market price of $30.10. Analysts’ ratings for NEM stock haven’t changed much in the last few months.
Gold stocks like Agnico-Eagle Mines Ltd. (TSX:AEM)(NYSE:AEM) have rallied in the face of market uncertainty. Consider adding gold stocks to your portfolio in the face of increasing market risks.
Barrick Gold (ABX) has significantly underperformed its peers in 2018. Its stock performance has, however, improved after the announcement of its merger with Randgold Resources (GOLD). Year-to-date, its stock has declined by 13.1%, which is similar to the decline seen by the VanEck Vectors Gold Miners ETF (GDX).
While popular belief, often erroneously spewed by the mainstream media, is that rising interest rates ...
Analysts’ Views: Is It Time to Look at Gold Miners? Of the 21 analysts covering Barrick Gold (ABX), only 14.0% recommend a “buy” for the stock, the lowest percentage of “buy” recommendations among the senior miner stocks (GDX). The decline in analysts’ optimism is mainly due to consistent issues at some of its mines.
This year started on a lukewarm note for gold and gold miners, and things started worsening after April. Gold prices have failed to draw a bid in 2018 despite many market uncertainties, including trade war tensions, the emerging market (EEM) currency crisis, and other geopolitical concerns.
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and other gold equities could be the big beneficiaries of a return to volatility in October.
Usually, gold miners are a leveraged play on gold prices, meaning that when gold prices rise, gold miners outperform the underlying commodity, and vice versa.
Gold, Miners Have Surged on the Market Rout—What’s the Upside? While gold miners have been out of favor for a long time, that may be about to change. As uncertainty in the market is increasing, gold prices are poised to rise.
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Gold stocks companies like Goldcorp Inc. (TSX:G)(NYSE:GG) face near-term headwinds, but are ridiculously cheap and could roar higher as the quality of their businesses continues to improve.
Most gold companies have ample flexibility to weather a slump in gold prices. Debt has been reduced to levels that are manageable at lower gold prices and many companies have no net debt. Mining costs exclude exploration, capital projects, and other administrative costs.
Kinross Gold has underperformed its peers YTD (year-to-date), returning -31.9% as of September 24. The VanEck Vectors Gold Miners ETF (GDX) has returned -19.1%, and the SPDR Gold Trust (GLD), which tracks gold’s physical price, has returned -8.2%. Kinross Gold’s second-quarter results were in line, but its lower revenues due to lower production disappointed investors.
According to the consensus compiled by Thomson Reuters, 22 analysts are currently covering Barrick Gold (ABX). Only 14% of them have recommended a “buy” for the stock, which is just higher than the “buy” recommendations for New Gold (NGD) among major gold miner stocks (GDX). About 77% of analysts have recommended a “hold” for Barrick Gold, and 9% have recommended a “sell.” Its target price of $14.10 implies an upside of 28% based on its current market price.
Currently, 20 Wall Street analysts are tracking Goldcorp (GG) stock. At the end of December 2017, the stock had “buy” ratings from 60% of analysts compared to 70% currently. Since the start of 2018, Goldcorp’s major upgrades have come from Credit Suisse, TD Securities, and Canaccord Genuity. Goldcorp (GG) has operations across Canada, the United States, Mexico, Central America, and South America.
According to the consensus compiled by Thomson Reuters, 77% of analysts covering Yamana Gold (AUY) stock have recommended a “buy,” while 15% have recommended a “hold.” AUY’s target price represents an upside potential of 58% based on its current market price of $3.90. Yamana’s “buy” ratings have improved to the current level of 77% from 31% a year ago. Yamana saw upgrades from Macquarie, National Bank Financial, GARP Research, GMP Securities, and BMO Capital Markets in 2018.
Barrick Gold Corp.’s (TSX:ABX)(NYSE:ABX) move to acquire Randgold Resources Ltd. (NASDAQ:GOLD) comes with risks, but there’s one key area where Barrick gains.