Gold, silver
Gold and silver are the old-school favorites for those with fears about the sustainability of economic structures. Inflation is a big element in the steadiness of the buying of precious metals and the equities of companies involved in their mining. Anxieties of what might happen in Ukraine and in the Middle East add to the fear factor.
Whatever the reasons are, the price of gold stocks has been rising for the better part of quite some time now. While the attention goes to whatever artificial intelligence stocks are still popping or to how lower interest rates benefit bank stocks, you don’t hear too much about the move up in these mining firms.
Gold And Silver Stocks With New Highs.
DRDGold (NYSE: DRD) is a South African-based gold miner in business since 1906 and now with a market capitalization of $989 million. This year’s earnings are up by 2.67% and up over the past five years by 150.85%. The stock trades with a price-earnings ratio of 14.00. The debt-to-equity ratio is 0.00. DRD pays a 1.92% dividend. Here’s the daily price chart:
DRDGold daily price chart, 10 17 24.
Gatos Silver (NYSE: GATO) is a silver, gold and other metals miner with corporate headquarters in Vancouver, British Columbia, Canada. The market cap is $1.12 billion. Earnings per share this year are up by 172%. The price-to-earnings ratio is 41. Debt-to-equity is 0.00.
No dividend is paid. The stock is relatively lightly traded with an average daily volume of 777,000 shares. The daily price chart is here:
Gatos Silver daily price chart, 10 17 24.
Kinross Gold (NYSE: KGC) is headquartered in Toronto, was founded in 1993 and operates mines and projects in the U. S., Canada, Brazil, Chile and Mauritania. Its market cap is $12.57 billion and the stock is trading with a p/e of 25.62. Earnings this year are up by 49%.
The debt-to-equity ratio is .32. Kinross pays a 1.17% dividend. The daily price chart looks like this:
Kinross Gold daily price chart, 10 17 24.
Newmont (NYSE: NEM) is the largest of the New York Stock Exchange-traded mining equities with a market capitalization of $65.12 billion. Based in Denver, the company operates facilities in Nevada, Peru, Ghana and Australia. The stock trades with a forward price-earnings ratio of 14.84.
The debt-to-equity ratio is .31. Newmont offers investors a dividend of 1.76%. In late August, Argus upgraded the stock from “hold” to “buy.” Here’s the daily price chart:
Newmont daily price chart, 10 17 24.
Osisko Gold Royalties (NYSE: OR) operates from corporate headquarters in Montreal. According to the company website, Osisko holds “a North American focused portfolio of over 180 royalties, streams and precious metal offtakes. The portfolio is anchored by a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.”
Market cap is $3.75 billion. This year’s earnings are up by 2.03% and up over the past five years by 17.95%. The company pays a .84% dividend. The daily price chart looks like this:
Osisko Gold Royalties daily price chart, 10 17 24.
Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.
No artificial intelligence was used in the writing of this post.
More analysis and commentary at johnnavin.substack.com.