Stocks Analysis by Investing.com (David Wagner) covering: Oracle Corporation, Newmont Goldcorp Corp, Gold Futures, Barrick Gold Corp. Read Investing.com (David Wagner)'s latest article on Investing.com
Should you consider investing in gold mining stocks now, and if so, which ones are the best?is racking up record highs, gold mining stocks are struggling to take advantage. At its record high of $2323 an ounce on Thursday, the yellow metal was up +11.58% YTD, while the VanEck Gold Miners ETF (NYSE:There could be several factors behind this: competition from Gold-indexed ETFs and crypto-currencies, or the AI frenzy that has redirected many funds from this sector.
Gold miner stocks act as leveraged bets on the price of gold. These companies boost their production by building new mines, exploring new deposits and areas, and expanding their current operations. As they do this, their revenues and earnings increase.Against this backdrop, we took a look at the biggest gold miner stocks listed in the US, to determine which might be the best investment opportunity.
First of all, we note that Fair Value, which synthesizes several recognized financial models, assigns a negative potential to Agnico Eagle and Newmont, and a rather weak bullish potential to Barrick Gold. As for the financial health scores, Agnico Eagle Mines' is the highest of the 3, rated"very good", while Newmont's is"fair" and Barrick Gold's"good".None of these three stocks ticks all the boxes of a perfect stock market bet, but that doesn't mean they won't turn out to be good bets if gold continues to rise, as many analysts expect it to, and this is reflected in their targets for mining stocks, which are well above model valuations.
Warren Buffett is renowned for his focus on safety and long-term performance, and artificial intelligence is used to refine the Omaha-based Oracle (NYSE:since the start of its backtest in January 2013, representing an annualized performance of almost 16%.
Newmont Goldcorp Corp Gold Futures Barrick Gold Corp
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
3 High-Potential S&P 500 Healthcare Stocks Offering 30%+ UpsideStocks Analysis by Investing.com (David Wagner) covering: Gilead Sciences Inc, Cardinal Health Inc, Cigna Corp, Bristol-Myers Squibb Company. Read Investing.com (David Wagner)'s latest article on Investing.com
Lire la suite »
4 gold investing options seniors should consider this springThere are a few gold assets that could make a lot of sense for seniors right now. Find out what they are here.
Lire la suite »
4 gold investing moves beginners should make this springConsidering a gold investment this spring? Here are four smart moves beginner investors should make now.
Lire la suite »
3 gold investing moves to make with inflation risingGold is an attractive hedge as inflation devalues the dollar. Here are three gold investment moves to make now.
Lire la suite »
Why Investing in Gold Can Be Beneficial for Your PortfolioInterest in gold investing has skyrocketed in recent years, due in large part to how gold is considered a safe-haven asset. This article discusses the benefits of investing in gold and how it can help diversify your portfolio.
Lire la suite »
Progressive Nithya Raman Achieves Narrow Victory To Keep Her LA City Council SeatDavid Wagner reports on business and economy for the LAist and KPCC newsroom.
Lire la suite »