Five Gold & Silver Stocks To Watch In June

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Five Gold & Silver Stocks To Watch In June

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 Five Gold & Silver Stocks To Watch In June
Image source: Olivier Le Moal,Shutterstock

Summary

  • Pan American netted revenue of around US$37.4 million in Q1.
  • Kirkland paid US$50.3 million in dividends; repurchased shares worth US$46.3 million.
  • Coeur produced 85,225 ounces of gold and 2.4 million ounces of silver in Q1.

Gold and silver stocks are once again in the spotlight. The volatility in the stock markets may be driving some investors towards these precious metal stocks.

The bullion market is expected to pick up steam as mining and production activities resume in most parts of the after covid-related were lifted.

Let's look at how these five gold and silver stocks performed over the past few months. 

Pan American Silver (NASDAQ: PAAS)

The company owns silver and gold mines in North and South America, including Peru, Argentina, and Canada. Its market cap is around US$7 billion.

It netted revenue of around US$37.4 million in Q1.

The stock price was trading at US$33.98 at 1:34 pm ET on May 27.

Pan America board approved a cash dividend of US$0.07 for the quarter.

It collected US$29.9 million in net cash from its operations.

Capital expenditures were about US$51 million during the period.

Kinross Gold (NYSE: KGC)

Kinross is a gold mining company based in Canada. It produced around 2.4 million ounces of gold in 2020. Its market cap is around US$10.146 billion.

Kinross board has declared a quarterly dividend of US$0.03 per share for the quarter. It produced 558,777 ounces of gold in Q1 of 2021. It was 567,327 ounces in the 2020 quarter.

It collected net earnings of US$149.5 million in Q1, up 22%. In the year-ago quarter, it logged US$122.7 million.

The stock was trading at US$8.08 at 1:57 pm ET on May 27.

                                                                                 Source: Pixabay.                                                                       

Also Read: Cleveland-Cliffs, Rio Tinto, & Freeport: 3 Mining Stocks To Explore

Coeur Mining (NYSE: CDE)

Coeur is a gold and silver mining company with operations across North America, including Mexico and Canada. Its primary income comes from the sale of precious metals.

The company paid US$12.8 million in income tax in Q1 of 2021. 

It netted revenue of US$202.1 million during the period. It produced 85,225 ounces of gold and 2.4 million ounces of silver in Q1.

Its market cap is around US$2.701 billion.

The stock was trading at US$10.53 at 2:23 pm ET on May 27.

Also Read: 5 Mining Stocks That May Prove A Right Fit As Economy Reopens

 Barrick Gold (NYSE: GOLD)

Barrick Gold's market cap is around US$42.8 billion and one of the world's largest gold producers. It has mines across the gold-rich regions of the world, including Africa, Australia, and the Americas.

The stock was trading at US$24.095 at 2:40 pm ET on May 27.

Barrick sold around 1 million ounces of gold, 113 million pounds of copper in Q1.

It produced around 1.1 million ounces of gold and 93 million pounds of copper during the period.

Kirkland Lake Gold (NYSE: KL)

Kirkland is based in Canada, with numerous gold exploration projects. Mines are in Canada and Australia. Its market cap is around US$11.7 billion.

The stock was priced at US$44.025 at 2:56 pm ET on May 27.

Kirkland collected net earnings of US$167.8 million in Q1.

Capital and exploration expenditures were US$36.9 million and US$5.5 million, respectively.

It paid about US$50.3 million in dividends and repurchased shares worth US$46.3 million.

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