5 hot gold stocks to watch out for

Summary

  • Alamos Gold Inc. (NYSE: AGI) produced 125,800 ounces of gold in Q1, 2021.

  • Barrick Gold Corporation (NYSE: GOLD) recorded net earnings for Q1, 2021 of US$538 million.

  • New Gold Inc. (AMEX: NGD) reported revenue of US$165 million in Q1, 2021.

Gold or the precious yellow metal is considered a safe investment, especially against a volatile market. Gold companies are generally engaged in mining, exploring, and developing gold and gold properties. Some companies buy gold from mining companies in exchange for a fee.

Gold stock prices typically go up when the prices of yellow metal rise. Gold prices have been steadily increasing in recent times as the world economy gets back on its feet.

Source: Pixabay.

Barrick Gold Corporation (NYSE: GOLD)

Barrick Gold Corporation owns gold mines in Canada. It produces 5,00,000 ounces of gold per year.

Its stock traded at US$20.73 at 8.22 am ET on July 9, up by 0.05 percent over the previous closing price. The company’s stock prices decreased by 15.8 percent YTD and by 24.86 percent YoY. The market capitalization of GOLD is US$86.8 billion.

The P/E ratio of the company is 14.91, and the forward P/E 1-year ratio is 17.12. It recorded earnings per share of US$1.39. It gave US$0.17 per share as an annual dividend to its shareholders. The current yield is 0.8%. Beta is 9.31. The company’s last 52 week’s highest stock price was US$31.22, while the lowest stock price was US$18.64. Share volume is 14,453,927.

Net earnings of the company for Q1 of 2021 were US$538 million. Operating activities provided net cash of US$1.3 billion. Free cash flow for the quarter was US$763 million. US$0.30 per share was earnings per share. It had a debt of US$519 million.  


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Source: Pixabay.


New Gold Inc. (AMEX: NGD)

New Gold Inc. is a Canada-based intermediate gold mining company. It has a gold mine called Rainy Rover and a copper mine called New Afton in Canada.

Its stock traded at US$1.72 at 8.12 am ET on July 9, up by 0.58 percent over the previous closing price. The company’s stock prices decreased by 26.80 percent YTD and increased by 24.63 percent YoY. The market capitalization of the NGD is US$1.1 billion.

The forward P/E 1-year ratio is 7.77. It recorded earnings per share US$-0.06. Beta is 2.01. The company’s last 52 week’s highest stock price was US$2.40, while the lowest stock price was US$1.25. The share volume is 4,040,056.

The company reported revenue of US$165 million in Q1, 2021, which ended on March 31. It produced 66,650 ounces of gold. Net earnings for the quarter were US$15 million or US$0.02 per share.

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Alamos Gold Inc (NYSE: AGI)

Alamos Gold Inc, a Canada-based company, focuses on the exploration, extraction, and production of gold from its assets in North America.

Its stock traded at US$7.71 at 8.57 am ET on July 9, up by 10.5 percent over the previous closing price. The company’s stock prices decreased by 20.02 percent YTD and increased by 25.50 percent YoY. The market capitalization of the AGI is US$2.9 billion.


The P/E ratio of the company is 14.67, and the forward P/E 1-year ratio is 12.72. The company’s earnings per share were US$0.52. Beta is 1.06. It gave a US$0.035 per share dividend to its shareholders. It recorded a current yield of 0.45%. The company’s last 52 week’s highest stock price was US$11.58, while the lowest stock price was US$7.02. The share volume is 3,212,054.

It produced 125,800 ounces of gold in Q1, 2021. Adjusted net earnings were US$49.1 million or US$0.13 per share. It had cash and cash equivalents of US$238.2 million.

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Yamana Gold Inc (NYSE: AUY)

Yamana Gold Inc is a Canada-based gold mine company having mines in Canada, Chile, Argentina, and Brazil. Its stock traded at US$4.125 at 9.16 am ET on July 9, up by 0.36 percent over the previous closing price. The company’s stock prices decreased by 32.26 percent YTD and decreased by 26.20 percent YoY. The market capitalization of the AUY is US$3.9 billion.

The P/E ratio of the company is 17.87, and the forward P/E 1-year ratio is 14.64. The company’s earnings per share were US$0.23. Beta is 1.58. It gave a US$0.069 per share dividend to its shareholders. It recorded a current yield of 1.63%. The company’s last 52 week’s highest stock price was US$7.02, while the lowest stock price was US$3.99. Share volume is 15,271,116.

AUY reported revenue of US$422 million in Q1, 2021, which ended on March 31, as compared to US$356.5 million of YoY. Its net earnings were US$54.7 million or US$0.06 per share in Q1, 2021, and US$45 million or US$0.05 per share in Q1, 2020.

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B2Gold Corp (AMEX: BTG)

B2Gold Corp is a Canada-based low-cost gold mining company. It has mining assets in Canada, Mali, the Philippines, Uzbekistan, and Finland.

Its stock traded at US$4.095 at 9.42 am ET on July 9, up by 2.76 percent over the previous closing price. The company’s stock prices decreased by 30.82 percent YTD and decreased by 31.52 percent YoY. The market capitalization of the BTG is US$4.1 billion.

The P/E ratio of the company is 6.42, and the forward P/E 1-year ratio is 9.05. The company’s earnings per share were US$0.62. Beta is 0.91. It gave a US$0.08 per share dividend to its shareholders. It recorded a current yield of 1.94%. The company’s last 52 week’s highest stock price was US$7.55while the lowest stock price was US$3.96. Share volume is 12,439,527.

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It produced 220,644 ounces of gold in Q1, 2021. Consolidated gold revenue was US$362 million, and adjusted net income was US$97 million or US$0.9 per share.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.


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