NEM to FNV: 5 gold stocks to hedge against Russia-Ukraine tensions

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NEM to FNV: 5 gold stocks to hedge against Russia-Ukraine tensions

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 NEM to FNV: 5 gold stocks to hedge against Russia-Ukraine tensions
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Highlights

  • Newmont Corporation (NYSE: NEM) reported sales of US$3.39 billion in Q4, FY21.
  • SSR Mining Inc. (NASDAQ: SSRM) raised its 2022 base dividend by 40%.
  • Barrick Gold Corporation (NYSE: GOLD) revenue soared 17% YoY in Q4, FY21.

Commodities like gold are considered a safe haven during market downturns. It is so because the prices of precious metals do not wobble compared to other goods at times of hardship. Gold mining companies explore gold and other precious metals.

These stocks are currently in focus as the Russia-Ukraine crisis has threatened to disrupt global commodity supplies. Both countries are major suppliers of essential commodities in the international market.

On Monday, spot gold rose by 1.08% to US$1989.78 at 6:43 am ET, the highest level since August 2020 when it crossed the US$2,000 mark. On the other hand, US Gold futures rose 1.46% to US$1,995.40 at 6:49 am ET, underscoring the demand for these yellow metals.

Here we explore the top five gold stocks worth exploring in times of market disruptions.

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Newmont Corporation (NYSE: NEM)

Newmont is one of the leading gold mining companies based in Denver, Colorado. It engages in producing and exploring gold, copper, silver, zinc, and other metals and has its operations in the US, Canada, Chile, Argentina, etc.

The shares of the company traded at US$76.00 at 12:15 pm ET on March 7, up 2.32% from their closing price of March 4. Its stock value increased by 31.73% over the past 12-months.

The firm has a market cap of US$60.59 billion, a P/E ratio of 52.73, and a forward one-year P/E ratio of 22.51. Its EPS is US$1.45.

The 52-week highest and lowest stock prices were US$75.31 and US$52.60, respectively. Its trading volume was 12,752,340 on March 4.

The company reported sales of US$3.39 billion in Q4, FY21, while its net loss came in at US$764 million, or US$0.06 per diluted share. For fiscal 2021, the company's total sales were US$12.22 billion.

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Top gold stocks to explore in March

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Royal Gold, Inc. (NASDAQ: RGLD)

Royal Gold is one of the leading metal streaming and royalty firm based in Denver Colorado. It acquires and manages precious metal streams, and other related operations.

The stock of the company traded at US$128.58 at 12:19 pm ET on March 7, up 0.02% from its previous closing price. The RGLD stock rose 23.61% over the past 12 months.

The market cap of the company is US$8.44 billion, the P/E ratio is 30.88, and the forward one-year P/E ratio is 32.14. Its EPS is US$4.17.

The stock saw the highest price of US$129.69 and the lowest price of US$92.01 in the last 52 weeks. Its share volume on March 4 was 573,834.

The company's revenue surged 6% YoY to US$168.52 million in Q4, FY21, while its net and comprehensive income came in at US$68.36 million, or US$1.04 per diluted share. For fiscal 2021, the company's revenue rose 12% YoY to US$343 million.

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SSR Mining Inc. (NASDAQ: SSRM)

SSR Mining is a mining firm based in Vancouver, Canada. It explores and acquires mines for precious metals like gold, silver, zinc, etc.

The shares of the company traded at US$20.60 at 12:24 pm ET on March 7, down 1.39% from their closing price of March 4. Its stock value grew 42.79% over the past 12 months.

The firm has a market cap of US$4.40 billion, a P/E ratio of 15.7, and a forward one-year P/E ratio of 16.19. Its EPS is US$1.32.

The 52-week highest and lowest stock prices were US$21.09 and US$13.68, respectively. Its trading volume was 2,375,246 on March 4.

The company's revenue increased by around 10% YoY to US$407.91 million in Q4, FY21, while its net income came in at US$156.49 million, or US$0.60 per share. For fiscal 2021, the company reported a revenue of US$1.47 billion.

The company increased its 2022 base dividend by 40%.

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Franco-Nevada Corporation (NYSE: FNV)

Franco-Nevada is a gold-focused royalty and streaming firm based in Toronto, Canada. It has a diversified portfolio of royalties and revenue streams.

The stock of the company traded at US$161.32 at 1:00 pm ET on March 7, up 1.95% from its previous closing price. The FNV stock soared 45.28% over the past 12 months.

The market cap of the company is US$30.96 billion, the P/E ratio is 44.87, and the forward one-year P/E ratio is 45.08. Its EPS is US$3.61.

The stock saw the highest price of US$163.79 and the lowest price of US$106.21 in the last 52 weeks. Its share volume on March 4 was 1,161,861.

The company has raised its quarterly dividend by 6.7% to US$0.32 per share, payable on March 31. This marks the 15th consecutive annual increase of dividend for the company's shareholders.

The company will release its fourth-quarter fiscal 2021 results on March 9, after the market close.

Meanwhile, in the third quarter of fiscal 2021, the company's revenue surged 13% YoY to US$316.3 million, while its net income was US$166 million, or US$0.87 per share.

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Gold Stocks: NEM, RGLD, SSRM, FNV, GOLD

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Barrick Gold Corporation (NYSE: GOLD)

Barrick Gold is a mining company that engages in the exploration, production, and mining of gold and copper. It is based in Toronto, Canada.

The shares of the company traded at US$24.64 at 1:08 pm ET on March 7, up 1.82% from their closing price of March 4. Its stock value gained 24.1% over the past 12 months.

The firm has a market cap of US$43.55 billion, a P/E ratio of 21.47, and a forward one-year P/E ratio of 21.23. Its EPS is US$1.14.

The 52-week highest and lowest stock prices were US$25.37 and US$17.27, respectively. Its trading volume was 35,859,200 on March 4.

The company's revenue increased by 17% YoY to US$3.31 billion in Q4, FY21, while its net earnings came in at US$726 million, or US$0.41 per share. For fiscal 2021, the company's revenue decreased by 5% YoY to US$11.98 billion.

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Bottom line:

The SPDR Gold Shares rose 1.59% to 183.68, its highest level since September 2020. Likewise, the S&P 500 Gold Hedged Index surged 34.02% in the last 12 months. However, investors should carefully evaluate the companies and the broader market before investing in stocks.

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