4 Gold Stocks Riding High Before Christmas - NST, SBM, EVN And RRL

  • Dec 18, 2018 AEDT
  • Team Kalkine
4 Gold Stocks Riding High Before Christmas - NST, SBM, EVN And RRL

After the markets hit 8-month low on wall street and amid the global market’s turmoil, ASX is set to close low. There was some support at 5600 levels, however, during the complex market conditions investors are turning to safe investment products like gold stocks. With Christmas approaching, four gold stocks are riding high on the back of market situation, discussed as follows.

NORTHERN STAR RESOURCES LTD (ASX: NST) – Upon the conclusion of the placement to Northern Star Resources Limited and MACA Limited announced by Echo Resources Limited it raised a total gross amount of $4 million through the issue of 36,363,637 shares at a price of $0.11 per share. Northern Star has been granted the right to appoint a nominee to the Echo Board. Australian gold company Southern Gold Ltd. reports that an agreement has been executed with Northern Star. The company reported a net profit of A$ 194 million and group EBITDA of A$ 443 million which is up by 4% on PCP. EPS of 32.1 cents which is up on 2% on PCP. The stock price surged by 3.378% to $8.570 on positive financials.

ST BARBARA LIMITED (ASX: SBM) – At a forward price of US$1,300 per ounce, to be delivered from January to December 2020 in monthly installments, the company has entered into an additional 50,000 ounces of forwarding gold contracts. The company reported an operating cash flow of A$349 million, being 10% higher than 2017. Cash and cash deposits are at 30 September 2018, a 76% increase from this time last year, totalled to A$350 million. While all-in sustaining costs was also a new record low of A$891 per ounce, the total production up from 381,101 ounces of gold in 2017 for 2018 was just over 403,000 ounces of gold in 2018. With increased production levels and record operating cash flows, the stock price surged by 2.771% to $4.450.

EVOLUTION MINING LIMITED (ASX: EVN) – The company reported high EBITDA margin of 53% which is up by 8% on the previous year. At an average price of A$1662/oz the firm sold 196,021 oz of gold for the quarter ending September 2018. The company continued to deliver positive cash flows across its operations during the quarter. About $221.9M for the June 2018 quarter, the operating mine cash flows came in at A$ 196.9 Mn for the September 2019 quarter which was mainly driven by the timing of gold sales in September quarter and a lower realization in copper prices. The return on equity for the company is 11.9% indicating a better performance in the industry. These higher financial returns led to the surge in the stock price by 2.083% to $3.430.

REGIS RESOURCES LIMITED (ASX: RRL) – As at November 2018, the company’s cash and gold on hand was of A$190 million. The company reports state that FY18 production 361,373 oz is at the top end of guidance and the operating cash flow for FY18 was $301m compared to the $256 million in FY17. This continued strong operating cash flow is supporting cash build and dividends. The gold revenue up 11% to $604.4 million and EBITDA up 23% to $312.5 million which leaves a strong EBITDA margin of 51.5% and generated a net profit after tax up by 26% to record $174.2 million. The net cash from operating activities of $259.7 million up by 26% from the previous year. The strong performance of the company helped the stock surge by 1.617% to $4.400.


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