I set out to emphasize gold stocks to end the week. I pleasantly discovered that I could group these mining tickers in a couple of different ways based on how they’re currently priced and how they compare, in terms of stability, to the precious metals industry as a whole. As we know, investing in gold is often seen as a way to weather economic storms unscathed. It is wise to invest in the best gold tickers now since the asset has a minimal connection with the traditional stock, bond, and cryptocurrency markets.
Financial markets, globally, had a rough go of it in 2022. To provide some detail, the S&P 500 fell by 19.4%, the digital currency market dropped by 64.5%, and futures on 30-year U.S. Treasury Bonds fell by 21.6%. In contrast, gold futures came in flat and were sometimes considered undervalued. These findings further support the assertion that gold has a rather fragile relationship with the broader marketplace. But, it’s all still quite unpredictable; therefore, storm-shelter assets like these top-tier gold stocks are more attractive and certainly make for smart additions to an investor’s portfolio.
Join me to sneak a peek at three more gold mining stocks that can provide lucrative returns, offer stability, and pay dividends. These are growing in popularity, and the analysts are on board, too. Investors should consider picking up a piece of these shiny yellow tickers:
Sibanye Stillwater Ltd (SBSW)
With operations on five continents, Sibanye Stillwater Ltd. (SBSW) engages in processing activities, initiatives, and investments as varied as the company itself. SBSW was founded in South Africa in November 2012. SBSW could be seen as the underdog on this list, as its stock is down by 14.26% YTD. We’ll see that this isn’t necessarily bad news: With a market cap of $6.5 billion and a P/E ratio of 5.97x, SBSW reports TTM (trailing twelve-month) revenue of $7.5 billion—indeed, a billion more than its valuation—at $1.53 per share. SBSW profited over $1 billion from said revenue, with a net profit margin of 13.72%. SBSW has a dividend yield of 6.31%, a quarterly payout of 14 cents ($0.52/yr) per share, and a payout ratio of 50%. SBSW has a median price target of $11.12, with a high of $17.57 and a low of $6.52, representing a potential 92% increase over current pricing. Analysts are telling us to buy and hold.
Agnico Eagle Mines Ltd (AEM)
Agnico Eagle Mines Ltd. (AEM) conducts activities in Europe, South America, Australia, and the United States. AEM was founded in 1953 and is based in Toronto, Canada. AEM’s stock is up 14% YTD and still has plenty of room to grow. With a market cap of $29 billion and a comforting beta score of 0.79, AEM reports TTM revenue of $5.7 billion at $1.51 per share, from which it profited $670 million with an 11.67% net profit margin. AEM shows promising year-over-year growth: Revenue +45.53%; EPS +7.14%; Net Income +102.26%; Net Profit Margin +38.97%. AEM’s 10-day average trading volume sits at 3.7 million shares. AEM has a dividend yield of 2.70% with a quarterly payout of 40 cents ($1.60/yr) per share. Analysts have marked AEM with a median price target of $62, with a high of $100.23 and a low of $55, representing a potential 70% price increase. Analysts like AEM for sure: buy now and hold.
Wheaton Precious Metals (WPM)
Wheaton Precious Metals (WPM) deals with various precious metals in Europe, North America, and South America. In May 2017, WPM underwent a name change; it was formerly known as Silver Wheaton Corp. but has since adjusted its focus towards gold. WPM was founded in 2004, and its headquarters are in Vancouver, Canada. WPM is, at the time of writing, sitting at the top of its existing 52-week range, and its stock is up 33.67% YTD; this is an equity one might regret not already holding, but it’s not too late. WPM has a market cap of $23.6 billion, an ideal beta figure of 0.58, and a 10-day average volume of 2.56 million shares. WPM shows TTM revenue of $1.1 billion at $1.48 per share, and with an impressive net margin of 62.83%, it profited $670 million. WPM has a dividend yield of 1.15%, with a quarterly payout of 15 cents ($0.60/yr) per share, and a payout ratio of just over 40%. WPM’s median price target is $50.90, with a high of $60 and a low of $42, and the range’s high point would provide a 15% price jump, leaving room for investors to anticipate further gains. Certainly a talked-about ticker, analysts are telling us to buy and hold.
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