VanEck Vectors Junior Gold Miners ETF
Credit Suisse Expects Gold Miners to Follow Gold Higher
Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,280 per ounce in 2019.
Yamana Gold: Analysts’ Sentiments before Its Q1 Results
Among senior and intermediate gold miners (GDX) (GDXJ), Yamana Gold (AUY) is third based on the highest “buy” ratings from the analysts.
AEM Beats Q1 Earnings and Revenue Estimates, Wall Street Bullish
Agnico Eagle Mines (AEM) released its Q1 2019 results yesterday and held the accompanying conference call today.
Which Gold Equities Could Grow after Q1 Results Are Released
Agnico Eagle Mines’ (AEM) forward multiple of 10.3x, the highest among senior and intermediate gold miners, is 12% higher than its trailing-five-year average and 75% higher than its peers’ (GDX) (GDXJ).
Assessing Gold Miners’ Free Cash Flow This Year and Beyond
Investors are usually interested in gold mining companies’ (GDX) (GDXJ) ability to generate FCF (free cash flow), as it helps them invest in future growth.
Analysts Love These Gold Stocks
In the senior and intermediate gold miner space (GDX) (GDXJ), excluding royalty and streaming companies, analysts are most bullish on Agnico Eagle Mines (AEM), with ~78.0% recommending “buy” and 22.0% recommending “hold.”
Deutsche Bank Upgraded Barrick Gold
Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019.
Wall Street Ratings: Gauging Gold Miners’ Upside Potentials
Among senior and intermediate gold miners (GDX) (GDXJ), analysts are most bullish on Agnico Eagle Mines (AEM).
Company & Industry Overviews
EGO Skyrocketed in Q1—Could This Outperformance Continue?
Eldorado Gold (EGO) significantly outperformed its peers (JNUG) (GDXJ) as well as gold (GLD) in the first quarter with a gain of 60.8%.
What Will Be Key to Barrick Gold’s Performance in 2019?
Barrick Gold underperformed its senior and intermediate peers as well as the broader benchmark index during the first quarter of 2019.
Can IAMGOLD Hold On to Positive Wall Street Sentiment in 2019?
IAMGOLD (IAG) comes third, after Wheaton Precious Metals (WPM) and Agnico Eagle Mines (AEM), as far as the most “buy” ratings for gold stocks are concerned.
Which Senior Gold Miners Are Analysts Loving Lately and Why?
In this series, we’ll consider recommendations, target prices, estimates, and potential upsides and downsides for senior gold miners.
Which Gold Miners Are in Sound Financial Health after 2018?
Not many investors were concerned about gold miners’ (GDX) (GDXJ) financial health when precious metal prices were high.
Gold Miners Fell Short of Replacing Their Reserves in 2018
To achieve production growth in the long term, gold miners (GDX) (GDXJ) have to replace every ounce they take out of the ground.
Are Slowing Production Pipelines Fueling Gold Miner M&A Activity?
The production growth of most of the miners (GDX) (JNUG) is either in decline or flat at best.
Could Kinross Gold’s Balance Sheet Support Its Future Growth?
Kinross Gold’s (KGC) liquidity position at the end of the fourth quarter of 2018 reflected its strategic investments.
A Look at Kinross Gold’s Reserves and Resources Update
Kinross Gold (KGC) has maintained its gold price assumption of $1,200 per ounce for estimating reserves and $1,400 per ounce for estimating resources since 2011.
Why Kinross Gold’s Production Growth Could Remain Muted for Years
Kinross Gold (KGC) produced 610,152 gold equivalent ounces in the fourth quarter, a decline of 6.5% YoY (year-over-year).
Barrick Gold’s Merger Could Drive Its Production Going Forward
Production growth is a crucial variable for miners. Along with realized metal prices, production growth drives a company’s top line.
Newmont Mining: Upside to Its Project Pipeline
Newmont Mining has already declared commercial production for three projects this year. The latest project is Subika Underground.
Which Gold Stocks Are Primed for a Valuation Upside after Q4?
The EV-to-EBITDA (enterprise value-to-EBITDA) multiple is a good measure of valuation for capital-intensive industries.
Assessing Gold Miners’ Free Cash Flows in 2018 and Beyond
Analysts expect Barrick Gold (GOLD) to generate significant FCF amounting to $519 million in 2018.
Which Gold Stocks Do Analysts Love ahead of Their Q4 Results?
Let’s look at Wall Street analysts’ recent ratings and recommendations for gold miners ahead of their fourth-quarter earnings results.
Gold-Backed ETFs Started 2019 on a Positive Note—More Upside?
According to the World Gold Council, holdings in gold-backed ETFs and similar products rose by 69 tons in 2018, equivalent to $3.4 billion worth of inflows.
Could South African Miners’ Difficulties End in 2019?
South African miners (GDXJ) have traditionally traded at discounts to their global counterparts (GDX).
Will These Intermediate Gold Equities See a Valuation Upside?
Among intermediate gold miners, Agnico Eagle Mines has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 12.0x.
What’s Next for Gold after the Newmont-Goldcorp Merger?
Whereas several gold (GLD) mining companies are likely to see M&As (mergers and acquisitions), Agnico Eagle Mines (AEM) may not be one of them.
Newmont and Goldcorp Merger to Create World’s Leading Gold Miner
Newmont and Goldcorp announced that they have entered an agreement in which NEM will acquire all of the outstanding GC shares in a stock-for-stock transaction valued at $10 billion.
The Gold Equities Credit Suisse Favors in 2019
Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,275 per ounce in 2019 and $1,300 in 2020.
How Gold Mining Exposure Can Hedge Your Portfolio
The gold mining industry hasn’t seen a very positive trend in the last ten years.
What Could Help Gold Get Its Shine Back?
During market distress, when other asset classes suffer, gold is often the only asset class that flourishes.
How Gold Stocks Have Performed This Year
Gold and gold miners didn’t start off the year on a good note.
Which Gold Miners Do Analysts Love after Q3 2018 and Why?
In this article, we’ll look at the market sentiments for the gold mining companies under review in this series.
Checking Up on Gold Miners’ Financial Health after Q3
Newmont Mining’s (NEM) net debt at the end of the third quarter was ~$1.1 billion compared to $1.9 billion at the end of 2016.
How Might Kinross Gold’s Balance Sheet Support Its Future Growth?
Kinross Gold’s (KGC) liquidity position at the end of the third quarter was reflected its strategic investments.
What Would It Take for KGC to Increase Production Sustainably?
Kinross Gold (KGC) produced 586,260 gold equivalent ounces in the third quarter, a 10% fall YoY (year-over-year).
Newmont’s Financial Position to Sustain Its Growth Going Forward
Newmont Mining saw its debt rise at the peak of the cycle due to expensive acquisitions, which have now been brought under control.
Newmont’s Project Pipeline Remains Strong: What’s the Upside?
Newmont Mining is poised to overtake Barrick Gold as the world’s largest gold producer in 2018.
Company & Industry Overviews
Some Bright Spots in Other Dull Intermediate Gold Miner Stocks
Among intermediate gold miners, Agnico Eagle Mines (AEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 10.6x.
Company & Industry Overviews
The Market Has Restored IAG’s Discount—Is a Turnaround Possible?
Historically, IAMGOLD (IAG) has traded at a lower valuation than its peers.
What’s Driving Production Growth for Barrick Gold?
Production growth is a crucial variable for miners. Along with realized metal prices, it drives a company’s top line.
Can Yamana Gold Narrow the Valuation Gap More?
Yamana Gold is trading at a forward EV-to-EBITDA multiple of 5.3x. Yamana Gold is trading at a 17% discount to its last five-year average multiple.
Yamana Gold Will Sell the Gualcamayo Mine for $85 Million
Yamana Gold (AUY) announced that it entered into an agreement to sell its Gualcamayo mine in Argentina to Mineros SA.
Investors Will Be Watching Goldcorp’s Q4 2018 Volume Target
Goldcorp expects its fourth-quarter production to come in at 620,000 ounces, which could push its fiscal 2018 volumes to 2.28 million ounces.
Which Gold Miners Could See a Valuation Upside after Q3 Earnings?
Agnico Eagle Mines (AEM) has the highest forward multiple of 10.3x, almost in line with its last-five-year average multiple.
Outlook: IAMGOLD’s Stock Momentum after Its Q3 2018 Results
IAMGOLD (IAG) was the best-performing gold stock of 2017, returning 51.4% for the year.
Could New Gold’s Q3 2018 Results Decide Its Future?
New Gold plans to announce its third-quarter results after the market closes on October 24, followed by a conference call to discuss the results on October 25.
What to Expect from Eldorado Gold’s Q3 Conference Call
Eldorado Gold (EGO) stock lost significantly in 2017 due to the standoff with the Greek government and some technical issues at its mines in Turkey.
What Could AEM Address during Its Q3 2018 Earnings Call?
By October 17, Agnico Eagle Mines (AEM) has lost 20.3% of its value year-to-date, while the VanEck Vectors Gold Miners ETF (GDX) had fallen 14.3%.
Analysts Aren’t Bullish on These Gold Stocks before Q3 Earnings
On September 24, Barrick Gold agreed to acquire Randgold Resources (GOLD) in a share-for-share deal.