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1 Gold Stock I’m Selling and 1 Silver Stock I’m Buying Today

The S&P/TSX Battery Metals Index rose 1.02% on Monday, June 26. This index has gold, silver, and lithium stocks among others that have powered its…

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This article was originally published by Baystreet

The S&P/TSX Battery Metals Index rose 1.02% on Monday, June 26. This index has gold, silver, and lithium stocks among others that have powered its recent swing of momentum. Today, I want to zero-in on one gold stocks and one silver stock that I’m looking to sell and buy, respectively, in late June. Let’s jump in.

Barrick Gold (TSX:ABX) is a Toronto-based company that is engaged in the exploration, mine development, production, and sale of gold and copper properties. Shares of this gold stock have dropped 5.4% month-over-month as of close on June 26. The stock is now down 10% so far in 2023.

This company released its first quarter fiscal 2023 earnings on May 3. The realized gold price was reported at $1,902 per ounce in the first quarter of fiscal 2023 – up from $1,876 per ounce in the first quarter of fiscal 2022. Meanwhile, Barrick posted adjusted net earnings of $247 million. That was down from $463 million in the prior year. Barrick needs to see the yellow metal gain serious momentum in the summer of 2023 to justify a hold in its current state.

First Majestic Silver (TSX:FR) is a Vancouver-based company that is engaged in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. This stock has plunged 37% in the year-to-date period.
Shares of First Majestic last had a Relative Strength Index (RSI) of 32, putting this silver stock just outside of technically oversold territory. The silver stock is trading in favourable value levels compared to its industry peers.







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Dolly Varden consolidates Big Bulk copper-gold porphyry by acquiring southern-portion claims – Richard Mills

2023.12.22
Dolly Varden Silver’s (TSXV:DV, OTCQX:DOLLF) stock price shot up 16 cents for a gain of 20% Thursday, after announcing a consolidation of…

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