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Top Gold Stocks To Watch Before 2021

These Gold Stocks Are Pulling Ahead Before The New Year The price…
The post Top Gold Stocks To Watch Before 2021 appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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These Gold Stocks Are Pulling Ahead Before The New Year

The price of many gold stocks has skyrocketed in 2020. The pandemic and economy caused the yellow metal to reach new record highs never seen before. Supply, demand, and things that affect the economy are the most prominent things that will change the price of gold stocks. One other thing that has affected the price of gold recently are jobless reports. The US Labor Department recently released new jobless reports that were better than expected. While other news got in the way of this having a large impact, usually this is something that affects the price of mining stocks.

So what is that news affecting gold stocks you may ask? Well, President Trump stated that the $900 trillion stimulus bill that was passed through Congress had an issue. The issue is that the stimulus check amount is at $600 while Trump wants it to be more at $2000. This caused the price of gold to go up on the day of December 23rd. Gold prices will go up when there is more stimulus because it hurts the economy. Some investors believe that the market for gold stocks is not right to invest in due to its volatility. But this could not be further from the truth. As long as you put in the time to learn about companies and proper methodologies for investing, it is a great time to be a gold investor. There are actually many great gold stocks to watch in the market. Let’s take a look at four of these assets that are pulling ahead.

Gold Stocks To Watch Before 2021: Barrick Gold Corporation

The first gold stock to watch is Barrick Gold Corporation (GOLD Stock Report). Barrick Gold is a mining company that will develop mines, explore them, and then produce and sell precious metals. Its main resources mined for are gold and copper. Barrick actively has interest in mines located in Argentina, Canada, Dominican Republic, and many more. Let’s take a look at what Barrick’s recent history looks like.

Back in November, Barrick announced that itself and AngloGold Ashanti Limited completed the sale of its interest in the Morila Gold Limited. Morila owns 80% of the Morila gold mine located in Mali. The companies have sold their interest to Firefinch Limited for $28.8 million in cash. The state of Mali continues to hold the last 20% of interest in the property. In doing so, all Morila employees have been re-employed by Firefinch. Barrick recently released positive financial results as well, and is positioned to reach its annual production guidance. GOLD stock price has gone up to $22.82 a share as a result of this.

Gold Stocks To Watch Before 2021: AngloGold Ashanti Limited

The next gold stock to watch is AngloGold Ashanti Limited (AU Stock Report). AngloGold Ashanti Limited is a mining company that operates out of Johannesburg, South Africa. The company operates a total 14 mines and three projects spread out over 9 countries. These countries include the Americas, South Africa, Continental Africa, and Australia. Let’s dive into what this mining company has been up to recently.

Just like mentioned above, the company sold its stake in Morila Gold Limited for $28.8 million in cash with Barrick Gold. AngloGold Ashanti Limited has had to deal with plenty of struggle as a result of the pandemic. But now, AU stock price has recovered in full. As of December 24th 2020 before the open, AU stock price is at $22.85 a share on average. What will be really telling for the company is when its next financial results come out. Earnings may be a bit away, but who knows if we could hear a new operational update from the company in the meantime.

Gold Stocks To Watch Before 2021: Royal Gold Inc.

best mining stocks Royal Gold Inc. (RGLD)

Now let’s talk about Royal Gold Inc. (RGLD Stock Report). Royal Gold is a mining company with a focus on acquiring and managing precious metal streams, royalties, and other assets. It’s main focus is the acquisition of stream and royalty interests. It also will finance projects in production or development stages. The minerals its searches for are gold, silver, copper, zinc, lead, and nickel. The company actively owns 187 properties on 5 continents. This includes 41 producing mines and 16 development stage projects. Most of its property is in the United States, Canada, Chile, Australia, Mexico, and many more.

On November 17th, the company announced that its common stock dividend increased for the 20th year in a row. This number increased to $1.20 per share from $1.12 per share. This is payable on January 22nd, 2021 to shareholders of record at the close on January 8th. Bill Heissenbuttel, the CEO of the company said, “Royal Gold considers returning capital to shareholders through a growing and sustainable dividend to be a core component of our capital allocation strategy.” RGLD stock price is at $108 a share as of December 24th.

Gold Stocks To Watch Before 2021: Alamos Gold Inc.

The final gold stock to watch is Alamos Gold Inc. (AGI Stock Report). Alamos Gold is a mining company that has its operations in North America. The company will acquire land, explore it, develop it, and extract gold from it. Alamos looks for other precious metals like silver as well. Its main project is the Young-Davidson mine that includes contiguous mineral leases and claims totaling 11,000 acres in Canada.

On December 16th it was announced that its Island Gold Mine has continued its track record for creating value for stakeholders. Alamos recently spent $684 million CAD to expand the operations at the mine including a new shaft that will be completed in 2025. The expansion will double the mine life, making it operate until 2035. The President and CEO of the company John A. McCluskey said, “Our next phase of growth at Island Gold will result in new jobs and opportunities in the region, create a lasting legacy that benefits all Alamos stakeholders, and reflect our core values of safety, teamwork, environmental sustainability, commitment and integrity.” AGI stock price was under $6 when 2020 started. Now AGI stock has reached $8.82 a share as of December 24th.

The post Top Gold Stocks To Watch Before 2021 appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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Author: Adam Lawrence

Economics

Choose One, But Only One: Defend The Billionaire’s Bubble Or The US Dollar And Empire

Choose One, But Only One: Defend The Billionaire’s Bubble Or The US Dollar And Empire

Authored by Charles Hugh Smith via OfTwoMinds blog,

The…

Choose One, But Only One: Defend The Billionaire’s Bubble Or The US Dollar And Empire

Authored by Charles Hugh Smith via OfTwoMinds blog,

The Empire is striking back, protecting what really counts, and the Billionaire Bubble sideshow is folding its tents.

One of the most enduring conceits of the modern era is that the Federal Reserve acts to goose growth and therefore employment while keeping inflation moderate (whatever that means–the definition is adjustable). This conceit is extremely handy as PR cover: the Fed really, really cares about little old us and expanding our ballooning wealth.

Nice, except it doesn’t. The Fed’s one real job is defending the U.S. dollar, which is the foundation of America’s global hegemony a.k.a. The Empire.

One thing and one thing alone enables global dominance: being able to create “money” out of thin air and use that “money” to buy real stuff in the real world. The nations that can create “money” out of thin air and trade it for magnesium, oil, semiconductors, etc. have an unbeatable advantage over nations that must actually mine gold or make something of equal value to trade for essentials.

The trick is to maintain global confidence in one’s currency. There is no one way to manage this, as confidence in a herd animal such as human beings is always contingent. Once the herd gets skittish, all bets are off.

The herd is exquisitely sensitive to movements on the edge of the herd, where threats arise. There are various tricks one can deploy to maintain confidence: pay a higher rate of interest on bonds denominated in one’s currency, so global capital flows into your currency; treat this capital well with a transparent set of tax laws and judiciary / regulatory oversight, maintain a deep pool of liquidity so capital can enter and exit without stampeding the herd, and having at least a semi-productive, diverse economy that generates goods, services and income streams to support the currency.

There is a mechanism for calming the herd, and it’s called the market. Narrative control (i.e. propaganda) may work on the weak-minded in the herd, who are subsequently picked off by hungry predators, but natural selection favors those who look for cues from what cannot be manipulated or glossed over– an unfettered market.

Markets are only trustworthy to the degree they are unfettered. Currency pegs and other contraptions can be changed overnight, so they are intrinsically untrustworthy. What makes markets trustworthy are: transparency, liquidity (i.e. being able to buy and sell instruments in virtually unlimited quantities without stampeding the herd) and the price discovery of risk, as risk is the key determinant of the herd’s movement.

Turning to global dominance–let’s ask one question and one only: which nation pegs its currency to another’s currency, and who owns that currency? Does the U.S. peg its dollar to the mighty RMB? No, it’s the other way around: China pegs its RMB to the the USD. China’s ability to create “money” out of thin air is based on its peg to the U.S. dollar, not because the value of its bonds and currency have been discovered by unfettered global markets.

To unpeg its currency, China would have to relinquish control of its sovereign bonds and currency and let the market discover its price and risk structure. This is the tradeoff: if you want to earn the confidence of the herd, you must relinquish control to the unfettered global market. Otherwise, the herd will always be skittish because risk is opaque and therefore safety is elusive.

The consensus seems to be that the Fed’s only real job is maintaining the Billionaire’s Bubble in stocks. But from the point of view of maintaining global hegemony, the Billionaire’s Bubble was a sideshow of hucksters and carnies. The real policy goal was funding the empire’s vast spending and not allowing the USD to rise too much or too quickly, as this tends to demolish weaker currencies, stampeding the herd.

But now it’s time to suck in global capital by raising rates, and let nature cull the herd. The number of pundits announcing that the Fed will never raise rates, that the Fed can’t raise rates because the precious Billionaire’s Bubble would burst and the Fed would never, ever, ever let its precious Billionaire’s Bubble burst, is legion. But they’re wrong, alas, for thr Fed’s job isn’t to enrich billionaires, it’s to maintain the confidence of the herd in the USD.

The precious Billionaire’s Bubble is already bursting, and all those profiting from the bubble expanding are pawing the ground nervously, afraid of being picked off by lurking predators.

Choose one, but only one: you can’t defend the Billionaire Bubble and the USD / Empire. Come on, it’s not that difficult a decision, is it? What matters more, maintaining global hegemony or phantom wealth?

The Empire is striking back, protecting what really counts, and the Billionaire Bubble sideshow is folding its tents. Best to take your prizes home before it rains.

*  *  *

My new book is now available at a 20% discount this month: Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States (Kindle $8.95, print $20). If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

Tyler Durden
Wed, 01/19/2022 – 16:19








Author: Tyler Durden

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Articles

First Quantum: BMO Lowers Target To $32 After Guidance Issuance

On January 17th, First Quantum Minerals (TSX: FM) announced its 2021 preliminary production and 2022 to 2024 guidance. For the
The post First Quantum:…

On January 17th, First Quantum Minerals (TSX: FM) announced its 2021 preliminary production and 2022 to 2024 guidance. For the fourth quarter, the company produced 201,000 tonnes of copper, 74,000 ounces of gold, and 3,000 tonnes of nickel. This brings the yearly production to 816,000 tonnes of copper, 312,000 ounces of gold, and 17,000 tonnes of nickel.

For the 3 year guidance, the company expects to produce 810,000 to 880,000 tonnes of copper, 285,000 to 310,000 ounces of gold, and 25,000 to 30,000 tonnes of nickel for the full year 2022. This will grow to 850,000 to 910,000 tonnes of copper, 295,000 to 320,000 ounces of gold, and 40,000 to 50,000 tonnes of nickel in 2024.

First Quantum Minerals currently has 24 analysts covering the stock with an average 12-month price target of C$35.82, or a 4% upside to the current stock price. Out of the 24 analysts, 5 have strong buy ratings, 15 have buys and 4 have hold ratings. The street high sits at C$45 or a 32% upside to the current stock price, while the lowest price target comes in at C$23.

In BMO Capital Markets’ note, they reiterate their market perform rating but lowered their 12-month price target to C$32 from C$33 on slightly lower estimates.

For the production results, BMO says that they generally came in line with their expectations. Copper production came in 1,000 tonnes lower than BMO’s estimate while gold production came in 4,000 ounces higher than their estimate.

As for the companies three-year guidance, it also came generally in line with their estimates. You can see their estimates below.

Lastly, BMO says that the company’s new dividend framework, in-which 15% of available cash flows are allocated to shareholder returns or a minimum annual dividend of C$0.10 per share. They believe that 2022’s dividend will be C$0.42 per share or a roughly 1.7% yield.

Below you can see BMO’s updated fourth quarter, full year 2021 and 2022 estimates.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post First Quantum: BMO Lowers Target To $32 After Guidance Issuance appeared first on the deep dive.




Author: Justin Young

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Precious Metals

Silver Stocks Surge On Continued Economic Concerns

Today, silver stocks are appreciating rapidly, as investors flock to precious metals. Market-related concerns have driven the valuations of various producers…

Today, silver stocks are appreciating rapidly, as investors flock to precious metals. Market-related concerns have driven the valuations of various producers higher, as investors seek safe haven assets. A flattening yield curve and a rotation out of stocks into defensive assets is driving much of this price action today.

Macro of silverSource: Phawat / Shutterstock.com

Among the best-performing silver stocks today are First Majestic (NYSE:AG), Fortuna Silver Mines (NYSE:FSM), Hecla Mining (NYSE:HL) and Pan American Silver (NYSE:PAAS). These top silver producers are all up between 8% and 12% at the time of writing.

Technical analysts point to a move above a key resistance level today as an indication that silver prices could be in a bullish trend. Of course, fundamental forces are also at play with silver’s rise.

Let’s dive into what’s driving silver higher today.

 

Silver Stocks Surge On Continued Economic Concerns

As investors flee for safety, silver stocks have become a priority safe haven today. The price of this precious metal has appreciated to highs not seen in more than two months. Accordingly, investors looking for leveraged exposure to the price of silver have sought out miners.

The aforementioned group of silver miners provide investors with impressive upside in a rising commodity price environment. Essentially, these miners are all characterized by high fixed costs. Revenue, on the other hand, is variable. Accordingly, as the price of silver rises, these companies get a boost to their bottom line in a big way. Thus, those looking to play surging silver prices from a leveraged standpoint may choose any of the above names.

That said, silver is much more of an industrial metal than its precious metal counterparts, such as gold. Silver is used in a number of industrial processes and is therefore tied to economic performance. However, it’s also a hedge, and that’s the key investment thesis investors are focusing on today.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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The post Silver Stocks Alert: Rising Silver Prices Lift AG, FSM, HL, PAAS Stocks appeared first on InvestorPlace.

Author: Chris MacDonald

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