All that glitters: 10 gold stocks to watch as bullion market warms up

Highlights

  • Newmont Corp’s (NYSE NEM) net income rose to US$650 million in Q2 from US$524 million in the same period last year.
  • Royal Gold, Inc.’s (Nasdaq: RGLD) net income rose to US$81.7 million in Q2, 2021.
  • Hecla Mining Company’s (NYSE: HL) net income in Q1 2021 was US$0.8.

Gold stocks are often considered a safe investment because their prices do not frequently change much. Some people invest in gold to keep their investments safe. Gold companies explore, produce, and sell gold.

Here we explore 10 gold stocks in the market.

Source: Pixabay.

Newmont Corporation (NYSE NEM)

The stock of the gold company traded at US$58.20 at 11.23 pm ET on August 12, down 1.79  percent compared to the closing price of August 11. The stock value of NEM rose by 3.97 percent YTD.

The market capitalization of the gold producer is US$49.7 billion. The P/E ratio and the forward P/E one year are 17.44 and 18.23, respectively. Earnings per share (EPS) are US$3.57, and the annual dividend is US$2.20.

The total revenue of NEM for Q2, 2021, is US$3 billion against US$2.3 billion in Q2, 2020. The net income of the precious metal exploring enterprise was US$650 million against US$344 million in Q2, 2020.

Also read: Mining the Market: Check out these six metal stocks going bullish

Freeport-McMoRan, Inc. (NYSE: FCX)

The stock of FCX traded at US$37.69 at 11.24 am ET on August 12, down 2.68 percent compared to the closing price of August 11. The market capitalization of the precious metal company is US$52.5 billion.

The P/E ratio is 18.78, and the forward P/E ratio one year is 11.89. The EPS is 11.91, and the annual dividend is US$0.30. The stock rose 37.93 percent YTD. 

The total revenue of this metal company was US$5.7 billion in Q2, 2021, against US$3 billion in Q2, 2020.

Royal Gold, Inc. (Nasdaq: RGLD)

The stock of RGLD traded at US$11.98 at 11.26 am ET on August 12, down 2.58 percent compared to the closing price of August 11. The stock up by 12.47 percent YTD.

The market capitalization of the US-based enterprise is US$7.8 billion. The P/E ratio is 29.12. The forward P/E one year is 33.98. The EPS and the annual dividend are US$4.11 and US$1.20, respectively.

The total revenue of the precious metal company was US$168 million in Q2, 2021 compared to US$120 million in Q2 2020. The net income for the period was US$81.7 million against US$49 million in Q2, 2020.

Hecla Mining Company (NYSE: HL)

The stock of HL traded at US$5.955 at 11.27 am ET on August 12, down 4.86 percent compared to the closing price of August 11. The stock value of the precious metal enterprise went down by 2.31 percent YTD.

The market capitalization of this mineral company is US$3.3 billion. The P/E ratio and the forward P/E ratio is 211 and 36.17, respectively. The EPS and the annual dividend are US$0.03 and US$0.045. The highest and lowest stock prices of HL for the last 52 weeks are US$9.42 and US$4.32. The share volume is 5,838 336.

The total revenue of the gold company in Q2, 2021 was US$218 million against US$166.4 million in Q2, 2020. The net income was US$0.8 million against the losses of US$14 million in the year-ago quarter.

Also read: Compass Minerals stock jumps 12% after Lithium deposit discovery

Source: Pixabay


SSR Mining Inc (Nasdaq: SSRM)

The stock of SSRM traded at US$15.73 at 11.28 am ET August 12, down 2.54 percent compared to the closing price of August 11. The stock value of this Canada-based company went down by 13.38 percent YTD.

The market capitalization of the gold company is US$3.8 billion. The P/E ratio is 22.01, and the forward P/E ratio one year is 9.69. The EPS and the annual dividend are US$0.79 and US$0.20.

The total revenue of SSRM for Q1, 2021 was US$377 million against US$92.5 million in Q1, 2020. The net income for the period was US$54 million against losses of US$6.3 million in Q1 the previous year.

Barrick Gold Corporation (NYSE: GOLD)

The stock of GOLD traded at US$19.93 at 11.32 am ET August 12, down 1.85 percent compared to the closing price of August 11. The stock value of this gold-mining company went down by 13.38 percent YTD.

The market capitalization of the Canada-based is US$35.3 billion. The P/E ratio is 14.01, and the forward P/E ratio one year is 16. The EPS and the annual dividend are US$1.42 and US$0.17.

The total revenue of GOLD for Q2, 2021, was US$2.8 billion against US$3 billion in Q2, 2020. The net income for the period was US$411 million against US$357 million in Q2 the previous year.

Franco-Nevada Corporation (NYSE: FNV)

The stock of FNV traded at US$153.65 at 11.45 am ET August 12, down 0.94 percent compared to the closing price of August 11. The stock value of this Canada-based enterprise surged by 20.43 percent YTD.

The market capitalization of the precious metal company is US$29.3 billion. The P/E ratio is 49.02, and the forward P/E ratio one year is 43.45. The EPS and the annual dividend are US$3.13 and US$0.52.

The total revenue of the yellow metal company for Q1, 2021 was US$347.1 million against US$195.4 million in Q1, 2020. The net income for the period was US$175.3 million against US$94.4 million in Q1 the previous year.

McEwen Mining Inc. (NYSE: MUX)

The stock of the gold exploring mining company traded at US$1.085 at 11.59 am ET August 12, down 2.8 percent compared to the closing price of August 11. The stock value of this mineral production enterprise surged by 9.64 percent YTD.

The market capitalization of the Canada-based mining company is US$493 million. The forward P/E ratio for one year is -15.14. The EPS s US$-0.12. The net loss in Q1 this year was US$99.1 million against US$10.4 million in Q1 the previous year.

Coeur Mining, Inc. (NYSE: CDE)

The stock of this gold and silver producer traded at US$6.815 at 12.08 am ET on August 12, down 3.74 percent compared to the closing price of August 11. The stock value of this gold exploring company fell by 34.33 percent YTD.

The market capitalization of the yellow metal company is US$1.7 billion. The P/E ratio is 22.65, and the forward P/E ratio one year of the gold mining company is 44.73. The EPS is US$0.30.

The total revenue of the US enterprise for Q1, 2021, was US$214 million against US$154 million in Q1, 2020. The net income for the period was US$32.1 million against a loss of US$1.2 million in Q1 the previous year.

Agnico Eagle Mines Limited (NYSE: AEM)

The stock of this international gold producer traded at US$57.66 at 12.2 pm ET August 12, down 1.77 percent compared to the closing price of August 11. The stock value of this gold miner fell by 19.61 percent YTD.

The market capitalization of the Canada-based enterprise is US$14 billion. The P/E ratio is 18.67, and the forward P/E one year ratio is 20.76. The EPS is US$3.08, while the annual dividend is US$0.58.

The total revenue of the gold exploration company in Q1, 2021, was US$966.3 million against US$557.2 million in Q1, 2020. The net income for the period was US$189.6 million compared to US$105.3 million in Q1 the previous year.

Bottom line

Gold companies are seeing increased demand from customers as the economy reopens. Some businesses have seen notable growth over the past year, although there have faced disruptions in operations due to the pandemic. Experts believe the industry would pick up as the covid threat wanes.

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