Do these five shinning gold stocks have everything you want?

Highlights

  • The revenue of Barrick Gold Corporation (NYSE: GOLD) was US$2.89 billion in Q2, 2021.
  • Kinross Gold Corporation (NYSE: KGC) stocks declined by over 25 YTD.
  • Centerra Gold Inc’s (NYSE: CGAU) revenue skyrocketed by 56% YoY.

Gold mining companies explore, produce, and market yellow metal products. Investors typically invest in gold stocks as the prices of these precious metals stay relatively stable.

Besides retail investors, governments and institutional fund managers also invest in gold for the same reason. Gold investments can act as a cushion at a time of financial hardship because of their price steadiness. But they can also provide stable returns in the long run.

Here we explore five gold stocks that may be on the recovery track after covid.

Also Read: Dick's (DKS), Express Inc (XPR) net sales soar in Q2, stocks rally

Barrick Gold Corporation (NYSE: GOLD)


Barrick Gold is a Toronto-based mining company and produces gold and copper. It has mining operations in multiple countries and regions, including North America.

Barrick Gold’s Q2 2021 revenue was US$2.89 billion compared to US$3.05 billion in the year-ago period. Its net earnings were US$411 million, or US$0.23 per share, compared to US$357 million, or US$0.20 apiece, in the corresponding period of 2020.

The Canadian company has a market capitalization of US$35.18 billion, a P/E ratio of 13.93, and a forward P/E one year of 16.10. Its EPS is US$1.42.

The stock closed at US$19.73 on August 26. The stock declined around 18 percent YTD. Barrick’s 52-week highest and lowest stock prices were US$30.87 and US$18.64, respectively. Its share volume on August 26 was 9,865,037.

Also Read: Five retail stocks to explore as customers flock to stores

Source: pixabay

Yamana Gold Inc. (NYSE: AUY)


Yamana Gold is another Canadian mining company also headquartered in Toronto. It produces gold, silver, and copper at sites both inside outside the country, including the Americas.

Yamana’s Q2 net losses were US$43.9 million, or US$0.05 per share. The revenue came in at US$437.4 million against US$303.4 million in the year-ago quarter. In addition, its cash flows from operations were US$153.5 million.

The Toronto-based company has a market cap of US$4.16 billion, a P/E ratio of 23.92, and a forward P/E one year is 14.32. Its EPS is US$0.18.

The stock closed at US$4.29 on August 26. It declined around 27 percent YTD. Yamana’s 52-week highest and lowest stock price was US$6.43 and US$3.99. Its share volume on August 26 was 10,318,180.

Also Read: Six mid-cap utility stocks to watch as economy paces ahead

Kinross Gold Corporation (NYSE: KGC)

Kinross Gold is also headquartered in Toronto, Canada. It is one of the world’s major mining companies with operations in multiple countries.

Kinross’ adjusted operating cash flow in Q2 of FY 2021 was US$368.8 million, the free cash flow was US$182.8 million, and the net earnings were US$119.3 million or US$0.09 per share. In addition, its liquidity reserves were US$675.6 million.

The company has a market capitalization of US$7.36 billion, a P/E ratio of 5.73, and a forward P/E one year of 14.54. Its EPS is US$1.02.

Kinross stock closed at US$$5.84 on August 26. The stock fell around 25 percent YTD. The highest and lowest stock prices in the last 52 weeks were US$10.31 and US$5.62. The trading volume on August 26 was 6,477,510.

Also Read: Nasdaq Golden Dragon Index declines 46% as China stocks retreat

Centerra Gold Inc. (NYSE: CGAU)


Centerra Gold is headquartered in Toronto, Canada, and runs major mines in Kyrgyzstan, Turkey, and other places. Centerra has a market cap of US$2.20 billion, a forward P/E one year of 11.48, and an EPS of US$-1.32.


Centerra’s Q2 revenue was US$202.3 million, up about 56 percent from the year-ago quarter. The company’s net earnings were US$33 million or US$0.11 per common share in the quarter.
In the year-ago quarter, it had reported a net loss of US$39.4 million or US$0.13 per share.

The Toronto-based company’s non-GAAP adjusted net earnings were US$49.9 million.

The stock closed at US$$7.39 on August 26. The trading volume on August 24 was 42,835.

Centerra’s 52-week highest and lowest stock prices were US$10.03 and US$6.71.

Also Read: Pfizer (PFE) & AMC (AMC): Two trending stocks on Tuesday

Source: pixabay

Equinox Gold Corp. (AMEX: EQX)

The company is based in Vancouver, Canada, and its primary mines are in the Americas. Equinox has a market capitalization of US$1.93 billion, a P/E ratio of 4.42, and a forward P/E one year of 16.05. Its EPS is US$1.46.

Equinox Q2 revenue was US$226.2 million against US$215.3 million in Q2 last year. The net income came in at US$325.7 million, or US$1.10 per share, compared to a net loss of US$77.8 million, or US$0.34 per share, in the same quarter of the previous year.

The Vancouver-based company’s adjusted Q2 EBITDA was US$52.4 million.

The stock closed at US$$6.47 on August 26. The trading volume was 745,412 on that day.

The stock declined around 40 percent YTD. Equinox’s 52-week highest and lowest stock prices were US$13.39 and US$5.90, respectively.

Also Read: Why are CrowdStrike, Palo Alto stocks in investors’ spotlight?

Bottom line


Investors may be focusing on gold stocks to hedge inflation, given the modest performance of these stocks in recent times. Experts believe the sector is on track for a strong recovery because the restoration of the economy and the upcoming winter festivals are likely to boost demand.

Comment


Disclaimer