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Tag: GOLD

  • Recent Cryptocurrency Winners: ATH Coins and Top Movers

    Although the market is currently in the midst of a scare, and even giants such as BTC and ETH have plunged hard, there appear some names in the crypto-sphere that have surpassed all odds and made new records. Such cryptocurrencies have reached record highs, and are likely to push on ahead given the momentum they have gathered in recent days.

    As of the writing of this article, the following cryptocurrencies hit the ATH mark:

    ATH coins

    Cryptokki

    Cryptokki (TOKKI) was among the big winners of recent days, which reached a peak price of $2.75 earlier today. TOKKI has been riding a riveting growth wave after plummeting to an all-time low of $2.018 on the third of September. Ever since it has been rising high, and since Monday been breaking its own historical records, with new ATH points coming in on each consecutive day.

    Goat Gang 

    Goat Gang (GGT) is one name that has been a clear favorite amongst a niche of traders since its initiation in June. After every few weeks, GGT takes on a massive jump and sets a new level to rise from moving ahead, and setting a new ATH. In the last week, the cryptocurrency underwent two such jumps, first pushing it up 70% to a new ATH of $114, and another such jump yesterday, which raised the bar further to the $150 mark.

    Herbee

    Herbee (BEE) proved to be yet another name amongst recent big winners that made it to new heights. This rising king has been raising its bar ever since its circulation in the market in late August. Due to its stellar track record, it has constantly been upping its ATH mark and was in fact also mentioned in Stock Telegraph’s last week’s issue as an ATH winner. Since its last impressive record, BEE has climbed another 26% in the week, with its new ATH set at $0.293.

    Cyberdragon Gold

    Cyberdragon Gold (GOLD) tells the story of the most impressive ATH rise on this list, given that it has been in the trade since October of last year, and is not merely a month-old cryptocurrency. GOLD has been rising impressively throughout the year, and breaking records since as early as May, surpassing its earlier level of $0.0088. The month of September had proven especially phenomenal for the cryptocurrency, given its 47% rise, which has pushed it up to a record high of $0.03636.

    Race Kingdom 

    Race Kingdom (ATOZ) has been on a tumultuous rise since its circulation in late August, with no clear momentum in a certain direction. It had experienced numerous sharp peaks and hard plummets that saw almost immediate correction. Similarly, this week saw ATOZ suddenly shoot up 80% from $0.0656 to an ATH of $0.1182. Unlike previous shoot-ups, however, ATOZ has sustained most of these gains, without falling to levels prior to the peak.

    Top Movers (24H)

    Along with ATH names, another area to identify winners in the market is by seeing which coins have been from amongst the largest risers in the last 24 hours. This points out that despite the fear permeating through the market, which is the names traders are strategically placing their bets upon. The volume and upward direction of these movements give others ample reason to hop on board and be a part of the impressive climbs. As at the writing of this article, the following cryptocurrencies stand as the biggest movers of the day:

    Prosper 

    Prosper (PROS) took the lead amongst the winners of the day, doubling from $0.78 to its present price of $1.58. During the day’s impressive rise, PROS, at one point stood at $1.79, at which its gain for the day was as high as 130%. With each passing minute, its daily trade volume reaches impressive new levels, presently having crossed the $20 million mark.

    Squid Game

    Squid Game (SQUID) shot up extraordinarily in the last 24 hours, rising up more than 120% from $0.0095 to $0.0210. The following hours saw a decline back down to $0.01229, and a fightback up to $0.1639. Amidst these rises, falls, and fightbacks, SQUID saw a net gain of 80% in the last 24 hours. Throughout this time, its volume has been steadily rising, presently standing at $5.64 million.

    Viberate

    Viberate (VIB) too made it on today’s list of big winners, owing to its epic 24-hour price shoot-up of 144%, coming rather unexpectedly. This sudden price rise from $0.03437 to $0.08381 came at a time when its trade value saw a four-factor rise from $3 million to $12 million. The rise comes in the wake of a weeklong climb that VIB has been experiencing. In the last week, the cryptocurrency has more than tripled in its price.

    Beam

    Beam also made the news given its epic 92% rise in a matter of just a few hours today. Its volume, which presently exceeds $86 million just showcases the degree of the hype surrounding the cryptocurrency, with the market bears and bulls battling it out in its price movements. Although the bears have brought down BEAM’s gains from 92% to 47%, its rise in just the last 24 hours remains phenomenal. This may very well climb further in the coming hours.

    Firo

    Firo was perhaps the most widely followed cryptocurrency of the day, with its daily trade volume exploding from $8 million to $127 million, all in the last day alone. At a certain point during the day, FIRO’s price climb translated to a daily gain of 52%. However, as is the case with such humongous trade volume figures, the cryptocurrency also had a fairly sizeable army of bears on its case, trying hard to reverse any gains made. Despite this, FIRO proved to be a fighter, netting in gains of 37% by the end of the day.

  • Top Winners of the Day and ATH Cryptocurrencies

    Top Winners of the Day and ATH Cryptocurrencies

    Despite market confidence seemingly at an all-time low, there have been a number of cryptocurrencies that have performed spectacularly. In fact, a number of coins have even broken all records and hit an all-time high in their price trajectories. This indicates that market sentiment, although low, can be found favorably in concentrated pockets of the market.

    Crypto winners

    ATH Cryptocurrencies

    As of the writing of this article, the following cryptocurrencies hit the ATH mark:

    CyberDragon Gold

    CyberDragon Gold (GOLD) was among the big winners of recent days, which reached a peak price of $0.0293 earlier today. The cryptocurrency has been on a largely bullish rise since the start of 2022 and has frequently made it to new ATH points across the months. In fact, since late January, CyberDragon has ballooned up by nearly 4200%. This trend shows no sign of slowing down anytime soon.

    ArenaPlay 

    ArenaPlay (APC) is another name that reached an all-time high, in an especially remarkable manner. Since trading in late July 2022, APC has been on a downward slide and seeing a hard plummet in mid-August. Just 23 days ago, the cryptocurrency hit its all-time low of $0.333. Since then it has been on a roll, with a phenomenal price explosion observed on Monday, pushing APC up to an ATH of $2.06. We here at Stocks Telegraph believe that this surge could very well continue, given that the gains in just the last 24 hours exceed 26%.

    Streakk

    Streakk (STKK) also proved to be amongst the ATH winners of the day, reaching a peak price of $160. Trading for less than a month, STKK’s price trend shows spontaneous upward climbs which it maintains and pushes on. Those holding this cryptocurrency since its initiation have enjoyed a 65% climb, in hardly 25 days. If this trend is persists in such a sustained manner, the growth offered could be substantially higher in the following weeks.

    Herbee

    Herbee (BEE) was another name amongst the rising cryptocurrencies, which made its mark as an ATH winner. Trading for just the last 8 days, BEE saw an initial price surge of 20%, pushing it up to $0.215 in a matter of hours. Since then, throughout the prior week, BEE has been pushing upwards, following this jump, continuing to cover more ground and reach new highs with each passing day. Its present price of $0.230 is territory it had not yet crossed. With each passing hour, this cryptocurrency persistently hits new highs, indicating the bullish confidence surrounding it.

    HyperonChain

    HyperonChain (HPN) was off to a rocky start upon initiation, after it started trading in the crypto-markets on the 1st of September, last week. Constant ups and downs gave investors much to be cautioned about. The price explosion that triggered yesterday, and pushed on to today, however, had proven unexpected and phenomenal. Early this morning, HPN reached an ATH of $0.027, putting its gains for the day at over 320%, more than quadrupling in price since yesterday.

    Top Moving Cryptocurrencies (24H)

    In addition to ATH names in the crypto-verse, another crucial metric through which to identify the most spectacular winners are the top movers of the day. Cryptocurrencies that have undergone the most rapid of climbs in the last 24 hours are great to point out where the market bulls are at. These cryptocurrencies typically hold sufficient momentum that could deliver further gains in the upcoming days. At the writing of this article, the top movers of the day are as follows:

    Atmosphere CCG

    Atmosphere CCG (ATMSSFT) took the lead amongst the winners of the day, shooting up from $0.0054, right up to $0.00180, which reflected a jump of almost 233%. This rocketing climb has more than tripled the cryptocurrency’s price during the day. At the start of the day, Atmosphere CCG started on a tumble, falling 48% in the first few hours. This was shortly corrected and went on to climb substantially throughout the day. Its present trade volume for the day stands at over $5.7 million.

    Every Game

    Every Game (EGAME) had remained relatively stable throughout most of the week, until Monday, when it began a persistent fall to a lower level each day. This downward slip continued up to early this morning, when EGAME undertook an explosive upward correction, shooting up from $0.000228 to $0.000597, translating to a single-day rise of over 160%. During this time, its trade volume has ballooned from $400,000 to over $4.3 million.

    Ambrosus

    Ambrosus (AMB) too made it on today’s list of big winners, owing to its epic single-day price take-off of 143%, coming seemingly out of nowhere. This sudden growth spurt from $0.0090 to $$0.00220, is accompanied by one of the most spectacular volume rushes of the week, which helps explain the guided hype surrounding AMB. Just yesterday, daily trade volume for the cryptocurrency stood at less than $300,000, whereas it is presently up at almost $13 million.

    Suterusu

    Suterusu (SUTER) also made the news given one of its largest single-day jumps of almost 300%, pushing it to its highest point in over 3 months. As the day continued, these gains stabilize at close to 140%, which is still incredibly remarkable, given the extreme fear that presently permeates the markets. SUTER is evidently a part of a hype rush, given that its trade volume, which yesterday stood at a mere $800,000, today surpasses the $10 million figure.

    Fame MMA

    Fame MMA (FAME) also made it on today’s list of winners, in its 24-hour jump from $0.005151 to $0.009348, denoting a rise of over 80%. Volume during this rise has steadily been increasing from $152,000 at the start of the day, to over $1.5 million at present. This upward surge comes as a sigh of relief for FAME holders, especially since considering its steady fall of 24%, causing a slow bleed price loss, before this sudden correction.

  • Five Best Gold Stocks to Invest in Right Now

    Five Best Gold Stocks to Invest in Right Now

    In the dynamic world of investment, gold stocks have stood the test of time as a reliable and potentially lucrative avenue for investors seeking stability and growth.

    Global markets continue to experience fluctuations influenced by various economic and geopolitical factors.

    In such a scenario, the allure of gold remains steadfast due to its historical role as a safe-haven asset.

    This article delves into the realm of the best gold stocks, exploring key indicators, market trends, and company performances that can guide investors in making wiser decisions.

    Whether you’re a seasoned investor or a newcomer looking to diversify your portfolio, understanding the landscape of the best gold stocks is paramount.

    The Allure of Gold Investments

    The allure of gold investments rests upon its timeless role as a steadfast store of value and protector of wealth.

    Across civilizations, gold’s historical significance endures as a testament to its reliability.

    In times of economic turbulence, interest in gold surges as investors seek stability beyond volatile markets.

    Its shimmering appeal shines brighter during uncertain periods, offering a safe haven against economic upheavals.

    Furthermore, gold’s unique ability to act as a hedge against inflation and currency devaluation bolsters its appeal.

    As paper currencies waver, gold remains a tangible asset, immune to the erosion of value. This enduring charm solidifies gold’s status as a compelling investment choice.

    Understanding Gold Stocks

    Understanding gold stocks involves grasping their role in the gold supply chain, and recognizing the diverse categories of companies involved.

    That also involves weighing the potential benefits and drawbacks of investing in them compared to physical gold.

    • Definition and Explanation Gold Stocks

      Gold stocks refer to shares in companies that are involved in the exploration, mining, production, and distribution of gold.

      These stocks represent ownership in companies that are engaged in various stages of the gold mining process, from locating potential gold deposits to extracting and processing the metal.

      Investors can buy and sell these shares on stock exchanges, and the gold stock price is influenced by factors such as the value of gold itself, production costs, and company performance.

      The broader market conditions are also the factor that influences the price of those stocks.

    • Different Types of Gold Stocks

      • Producers

        These companies are actively mining and producing gold.

        They generate revenue from the sale of mined gold after deducting production costs. Gold stock price is often tied closely to fluctuations in gold prices.

      • Explorers

        Exploratory companies focus on locating new gold deposits. They invest in geological surveys, feasibility studies, and exploration activities.

        Their stocks are influenced by discoveries, resource estimation updates, and the overall potential of their findings.

      • Streaming Companies

        Streaming companies provide financing to mining firms in exchange for a share of future production at reduced costs.

        Investors in streaming companies benefit from a diversified portfolio of potential mining projects without taking on the operational risks of mining.

    • Advantages And Disadvantages of Investing in Gold Stocks Compared to Physical Gold

      • Advantages

        Understanding gold stocks to buy and investing in those stocks offers the potential for higher returns compared to physical gold due to the leverage associated with company growth.

        Moreover, stocks provide dividend income, adding another income stream. Gold stocks also allow for diversification, spreading risk across multiple companies and projects.

      • Disadvantages

        Gold stock come with higher volatility than physical gold, as their value is influenced not only by gold prices but also by company-specific factors.

        Additionally, mining companies face operational, geopolitical, and environmental risks that can impact gold stock price.best gold stocks

        Unlike physical gold, stocks are subject to market sentiment and economic conditions.

    Factors Influencing Gold Stocks

    While searching for gold stocks to buy, investors should have an eye on the influential factors upon such stocks.

    Those factors shape their valuations and prospects in the investment landscape.

    • Relationship Between Gold Prices and Economic Cycles

      Gold’s allure as a safe-haven asset often strengthens during economic downturns, driving up demand and subsequently impacting gold stock valuations.

      In times of uncertainty, investors seek refuge in gold, driving its prices and thus benefiting gold mining companies.

    • Global Demand and Supply Dynamics

      Fluctuations in gold stock valuations are closely tied to shifts in global demand and supply for the precious metal.

      Factors such as jewelry demand, central bank purchases, and technological applications impact these dynamics, affecting companies engaged in gold mining and exploration.

    • Impact Of Interest Rates and Monetary Policies

      Gold stocks are sensitive to changes in interest rates and monetary policies.

      Lower interest rates tend to favor gold as an alternative investment, leading to increased demand and potentially boosting gold stock price.

    • Mining-Friendly Jurisdictions

      Political stability and favorable regulatory environments significantly impact investment decisions in gold stocks.

      Companies operating in jurisdictions with supportive policies tend to attract more investment due to reduced operational risks.

    • Political Stability and Regulatory Environments

      Political stability and regulatory predictability are pivotal for gold production investments. Unstable political climates or uncertain regulations can deter investors, affecting gold stocks.

    • Management Quality and Track Record

      Effective leadership, management competence, and a successful track record play a critical role in driving investor confidence in gold stocks.

      A strong management team can navigate challenges and capitalize on opportunities effectively.

    • Production Costs and Efficiency

      Efficient cost management is vital in the gold mining industry. Companies with lower production costs are better positioned to weather price fluctuations and sustain profitability.

    • Exploration Success and Resource Potential

      The discovery of new gold deposits and successful exploration efforts directly impact a company’s growth prospects and its stock valuation.

    • Financial Health and Debt Levels

      A company’s financial health, including its debt levels, influences its resilience and ability to adapt to market fluctuations.

      Low debt levels enhance stability and flexibility, making gold stocks more attractive to investors.

    Top 5 Gold Stocks For Investment

    Investing in the best gold stocks offers a glittering opportunity to diversify your portfolio. These stocks harness the enduring value of gold, acting as a hedge against market volatility.

    Research-backed selections of prospect gold stocks to buy can unlock potential for impressive returns, securing your financial future with the lustrous stability of the precious metal market.

    1. DRDGOLD Limited (NYSE: DRD)

      We begin our list of best gold stocks with DRDGOLD Limited (DRD), a South African company that extracts and processes gold from two properties in South Africa.

      DRDGOLD has seen positive earnings per share (EPS) for the past five years, with an overall increase, though a decline in 2022 compared to 2021.

      Remarkably, the company boosted EPS by 109% in the past five years. While the dividend yield stands at approximately 3.48%, the actual dividend varies annually.

      The present price-to-earnings (P/E) ratio is 13.28, notably low within the recent five-year span.

      In the quarter ending March 31, 2023, DRDGOLD reported a 4% rise in gold production to 1329kg, primarily due to a slight yield increase. Gold sold decreased to 1289kg.

      Operating costs per kilogram slightly dropped due to improved yield. All-in sustaining costs per kilogram decreased, with adjusted EBITDA rising by 54% from the previous quarter.

      Despite ongoing capital expenditure, the company’s favorable financial position may lead to a final cash dividend around August 2023.

      DRDGOLD remains debt-free, focusing on projects like a solar power plant and reclamation sites.

      DRDGOLD’s consistent sales growth, positive EPS trend, and impressive 109% EPS increase over five years indicate a resilient trajectory.

      Despite a minor 2022 dip, its low P/E ratio and improved operational efficiency bode well.

      The recent rise in gold production, cost reduction, and EBITDA growth underscore its financial strength.

      The company’s debt-free status, coupled with visionary projects, sets the stage for a promising future.

    2. Wheaton Precious Metals Corp. (NYSE: WPM)

      Securing the second spot among our best gold stocks list is Wheaton Precious Metals Corp. (WPM).

      Wheaton is a Canadian powerhouse with a stronghold in North America, Europe, and South America’s precious metals market.

      Impressively, WPM recently showcased robust operational prowess, amassing a remarkable $200 million in operating cash flow for the quarter.

      This feat was chiefly fueled by the exceptional upturn in production from the newly operationalized expansion at their prime asset, Salobo.

      Notably, WPM’s corporate growth drive gained further momentum as they procured a fresh gold stream from Lumina Gold’s Cangrejos project.

      An augmentation of its existing gold stream from Artemis Gold’s Blackwater project also drove that momentum.

      The Q2 2023 financials painted a picture of prosperity with $265 million in revenue and $202 million in operating cash flow.

      It also posted net earnings of $141 million, alongside $143 million in adjusted net earnings. Remarkably debt-free, WPM boasted a cash balance of $829 million on June 30, 2023.

      Its $2 billion revolving credit facility was extended an extra year, maturing on June 22, 2028. To add to its laurels, a dividend of $0.15 per common share was declared.

      The quarter also saw Wheaton entering streaming agreements with 19 operational mines and 13 development projects.

      A staggering 93% of its production stemmed from assets in the lower cost curve bracket.

      With a mine life projection of 30 years, Wheaton remains a sturdy contender in the precious metals arena.

      And that is supported by Proven and Probable Mineral Reserves, coupled with potential extensions through resource conversion and exploration.

      Wheaton shines brightly as a global force in precious metals with a more than a 30% rise in its stock price in the past 12 months.

      Q2 showcased its prowess with $200M in operating cash flow, expanding assets, and strategic partnerships.Wheaton Precious Metals Corp. (WPM)

      Its debt-free status and strong financials foretell a prosperous future in the market.

    3. Osisko Gold Royalties Ltd (NYSE: OR)

      Osisko Gold Royalties Ltd (OR), a prominent Canadian company headquartered in Montreal, also shines as a top contender among our best gold stocks.

      In the face of adversity caused by wildfires in northern Ontario and Québec, OR displayed resilience, achieving a robust performance in the second quarter.

      The company’s strategic positioning is evident as it confidently strides into the latter half of the year, maintaining its growth trajectory.

      During the second quarter, Osisko exhibited a flurry of corporate activities.

      This included finalizing the CSA transaction, encompassing an impactful copper stream set to take effect in June 2024, along with an augmentation of the silver stream at the Gibraltar mine.

      Additionally, the acquisition of copper and gold royalties at Hot Chili’s Costa Fuego project further underscored Osisko’s proactive approach.

      The quarter bore witness to a remarkable upswing, with Osisko amassing 24,645 Gold Equivalent Ounces (GEOs), marks an 11% surge from the same period in 2022.

      Financially, Osisko’s prowess was manifested through revenues of $60.5 million, a substantial leap from the $51.5 million recorded a year prior.

      The financial report unveiled net earnings of $18.0 million, equating to $0.10 per basic share.

      While almost on par with the $18.1 million and $0.10 per basic share from the preceding year’s quarter, adjusted earnings painted a more favorable picture.

      Adjusted earnings escalated to $32.6 million or $0.18 per basic share, surpassing the $25.7 million or $0.14 per basic share recorded in Q2 2022.

      Osisko’s ascending trajectory in revenue generation finds grounding in its expanding asset portfolio, with a concentration in Canada—a jurisdiction highly esteemed for mining endeavors.

      A recent step to segregate the outcomes of Osisko Development from financials aimed to elucidate its operational model, fostering clarity for potential investors.

      Amid challenges, Osisko Gold Royalties rises as a beacon of strength with a 31.86% rise in stock price during the last 12 months.

      Resilience through wildfires, strategic growth, and remarkable earnings showcase its potential. Optimism abounds as Osisko continues its inspiring journey.

    4. Franco-Nevada Corporation (NYSE: FNV)

      Based in Toronto, Canada, Franco-Nevada Corp (FNV) stands as a unique gold streaming entity in our best gold stocks list.

      FNV forges gold extraction in favor of procuring contracts to vend gold output from other producers.

      Demonstrating impressive consistency, FNV’s earnings have surged by 27.10% annually since 2018, paralleled by a 14.30% annual augmentation in sales across the past five years.

      Experts predict a moderate 3.5% annual growth in EPS on the horizon.

      Distinguished in the realm of gold enterprises, Franco-Nevada exhibits an uncommon trend of ascending share prices spanning a decade.

      Presently oscillating between $161 and $109 in the past year, the stock’s trajectory leans towards the upper bracket of this range.

      An enduring stock venture, this choice shines due to the reliable influx of capital and the upward trajectory of sales, EPS, and share valuation.

      Unlike its gold industry peers, FNV seldom trades at a discounted P/E ratio. At 30.5, the current ratio remains one of the decade’s most conservative.

      Its portfolio continues to pour forth robust cash streams, boasting a formidable $261.9 million, coupled with substantial margins of 83.5%.

      The second quarter reaped the benefits of normalized production from core assets and resolved delivery issues from Q1 disruptions.

      While diversified assets yielded $329.9 million in revenue, a 6.4% dip was attributed to lower prices of oil, gas, and iron ore compared to the previous year’s highs.

      Amidst the golden landscape, Franco-Nevada shines bright. Its steady growth, ascending share prices, and solid financials paint a picture of resilience and potential for profitability.

    5. Royal Gold Inc (NASDAQ: RGLD)

      Denver-based Royal Gold Inc (RGLD), also a prominent gold streaming company, has exhibited resilience, securing a spot on our best gold stocks list.

      Over the past year, its share price has maintained a consistent uptrend, surging by approximately 11.57%.

      Despite projecting the lowest estimated annual forward earnings at 3.64%, the company has established a history of dependable performance spanning more than a decade.

      RGLD stands out with its 1.33% dividend yield, marked by consecutive annual increments since 2016. With a P/E ratio of 32.40, the stock aligns closely with fair valuation metrics.

      The second quarter of 2023, concluding on June 30, marked a tranquil period for RGLD, as its portfolio sustained robust cash flow.

      During this quarter, Royal Gold reported $63.4 million in net income, equating to $0.97 per share.

      Notably, revenue reached $144.0 million, with a steady operating cash flow of $107.9 million. After adjustments, net income stood at $57.2 million, or $0.88 per share.

      Breaking down revenue sources, around 77% was attributed to the gold segment, while silver contributed 15%, and copper constituted 6%.

      The quarter saw RGLD produce 72,900 GEOs while upholding a remarkably adjusted EBITDA margin of 80%.

      The company effectively lowered its debt to $400 million through a $100 million repayment, concurrently boosting total available liquidity to $702 million.

      Furthermore, RGLD demonstrated its commitment to expansion through a binding agreement to acquire royalty interests in the productive Serrote and Santa Rita mines for $250 million.

      This strategic move further solidifies Royal Gold’s position in the precious metals market.

      Royal Gold showcases impressive resilience and consistent uptrend, with a decade-long history of dependable performance.

      Notable cash flow, incremental dividends, fair valuation, and strategic expansion strengthen RGLD’s optimistic outlook.

    Here, we have also compiled a list of 20 more of the best gold stocks.

    No. Company Ticker Performance(Year)
    1 IAMGOLD Corporation IAG 59%
    2 Alamos Gold Inc. AGI 46%
    3 Eldorado Gold Corporation EGO 43%
    4 Kinross Gold Corporation KGC 41%
    5 Galiano Gold Inc. GAU 40%
    6 Gold Fields Limited GFI 39%
    7 New Gold Inc. NGD 32%
    8 Orla Mining Ltd. ORLA 32%
    9 Centerra Gold Inc. CGAU 14%
    10 Fortuna Silver Mines Inc. FSM 14%
    11 Equinox Gold Corp. EQX 13%
    12 AngloGold Ashanti Limited AU 12%
    13 Harmony Gold Mining Company Limited HMY 11%
    14 Agnico Eagle Mines Limited AEM 8%
    15 New Found Gold Corp. NFGC 8%
    16 Gold Royalty Corp. GROY -44%
    17 Almaden Minerals Ltd. AAU -47%
    18 Austin Gold Corp. AUST -57%
    19 Hycroft Mining Holding Corporation HYMC -63%
    20 Gold Resource Corporation GORO -70%

    Risk Mitigation and Portfolio Integration

    Risk Mitigation and Portfolio Integration: Integrating diverse assets within a portfolio effectively mitigates risks by reducing vulnerability to market fluctuations.

    Risk Mitigation and Portfolio Integration

    A balanced mix of investments fosters stability, ensuring optimal performance across varying economic conditions.

    • Importance of Diversification

      Diversification is crucial as it spreads investments across different asset classes, reducing the impact of a single asset’s poor performance.

      This shields the portfolio from severe losses, enhancing overall stability and potential returns.

    • Gold Stocks Can Complement Other Assets

      Gold stocks act as a hedge due to their inverse relationship with traditional assets. When stocks and bonds falter, gold often thrives, enhancing overall portfolio resilience.

      This dynamic balance fosters protection and growth potential.

    • Managing Risk by Investing in Gold Stocks

      Risk in gold stocks can be managed through research-driven selection, allocating a reasonable portion of the portfolio, and employing stop-loss orders.

      Regular monitoring and adjusting strategies based on market trends ensure risk mitigation while capitalizing on gold’s potential benefits.

    How To Evaluate and Select Gold Stocks

    Selecting profitable gold stocks involves analyzing key metrics.

    Investors should conduct thorough research and due diligence to assess a company’s financial health and growth potential.

    Utilize resources like financial reports, news, and analyst opinions to make informed investment decisions.

    • Key Metrics for Evaluation

      Evaluate gold stocks through crucial metrics such as Price-to-Earnings (P/E) ratio, Price-to-Net Asset Value (P/NAV), and Enterprise Value-to-EBITDA (EV/EBITDA) ratio.

      These indicators offer insights into profitability, asset value, and operational efficiency, aiding investors in gauging potential returns.

    • Thorough Research and Due Diligence

      Perform in-depth research and due diligence when considering gold stocks.

      Scrutinize a company’s financial statements, management competence, growth prospects, and geopolitical risks.

      Thorough analysis minimizes investment risks and enhances the likelihood of favorable outcomes.

    • Leveraging Resources for Analysis

      Harness diverse resources to evaluate gold stocks effectively. Dive into financial reports to understand balance sheets, income statements, and cash flow.

      Stay updated with industry news and trends, while also considering expert analyst opinions. Comprehensive information empowers informed decision-making in the volatile gold market.

    Long-Term Vs. Short-Term Investment Strategies

    Gold stocks present a dynamic investment landscape, offering both short-term gains and long-term stability.

    Understanding the nuanced strategies for each approach is crucial for maximizing returns.

    • Long-Term Strategy: Preserving Wealth Amidst Volatility

      Long-term gold stock investing centers on capitalizing on the metal’s enduring value as a safe-haven asset.

      Investors seek protection against economic uncertainties, inflation, and currency fluctuations

      This strategy involves buying and holding stocks of well-established mining companies, leveraging their potential for consistent growth over the years.

      Dividend reinvestment and compounding further amplify returns.

    • Short-Term Strategy: Navigating Price Swings for Quick Gains

      Short-term gold stock trading focuses on exploiting price fluctuations.

      Traders engage in technical analysis, closely monitoring charts and market trends to seize opportunities for quick profits.

      This approach demands keen market insight, timing precision, and risk management. While potentially rewarding, it exposes investors to higher volatility and market risks.

    • Balancing Act: Tailoring Strategies to Goals

      Investors must align their gold stock strategy with their financial objectives. Long-term investors prioritize wealth preservation, while short-term traders aim for rapid gains.

      Achieving a balance between these approaches can diversify a portfolio and mitigate risk.

      Regardless of the chosen strategy, a deep understanding of market dynamics and a clear-eyed assessment of risk tolerance remain fundamental to successful gold stock investment.Balancing Act - Tailoring Strategies to Goals

    Potential Challenges and Pitfalls

    Investors considering gold stocks should carefully assess the following challenges and pitfalls while evaluating their risk tolerance and investment goals.

    Diversification and thorough research can help mitigate potential downsides.

    Challenges Potential Pitfalls
    Market Volatility

    Gold stocks can experience significant price fluctuations due to changes in global economic conditions, interest rates, and geopolitical events, leading to uncertain returns.

    		 Economic Factors

    The value of gold stocks can be influenced by economic indicators like inflation and interest rates, which might impact the overall performance of these stocks.
    Industry Risks

    Gold mining involves operational risks such as accidents, labor disputes, and regulatory changes that can impact production and profitability.

    		 Management Quality

    Poor management decisions or misaligned incentives can negatively affect a company’s ability to navigate challenges and capitalize on opportunities.
    Supply and Demand

    Fluctuations in the supply and demand for gold can affect prices, and oversupply could lead to price declines.

    		 Investor Sentiment

    Gold stocks can be influenced by investor sentiment and speculative behavior, leading to exaggerated price movements.
    Currency Fluctuations

    Gold prices are often denominated in US dollars, so changes in currency values can impact the value of gold stocks for non-US investors.

    		 Regulatory Changes

    Government policies related to mining, environmental regulations, or taxation can impact the profitability of gold mining companies.
    Opportunity Cost

    Investing in gold stocks might divert funds from other potentially more profitable investments, impacting overall portfolio performance.

    		 Exploration Risks

    Companies engaged in gold exploration may not always discover economically viable deposits, leading to losses.

    Conclusion

    In a dynamic market shaped by economic shifts and investor sentiment, the realm of gold stocks emerges as a captivating avenue for potential growth.

    Through a meticulous analysis of the market’s currents, this article has navigated the terrain of best gold stocks, unearthing key players primed for substantial returns.

    The intricate interplay of geopolitical factors, industry trends, and financial indicators underscores the need for a discerning approach to capitalizing on these opportunities.

    As the investment landscape continues to evolve, informed decisions regarding gold stocks could potentially yield lucrative outcomes.

    In the pursuit of diversified and prosperous portfolios, these select insights serve as valuable guides for astute investors.

    FAQs

    Is It Better to Own Gold or Gold Stocks?

    The choice between owning physical gold and gold stocks depends on your investment goals and risk tolerance.

    Physical gold offers tangibility and security, while gold stocks provide the potential for higher returns but are subject to market fluctuations.

    Diversification may involve a blend of both for a balanced portfolio.

    Is There Better Investment Than Gold?

    While gold has long been a traditional safe-haven investment, the evolving landscape of finance offers alternatives.

    Cryptocurrencies like Bitcoin and Ethereum, backed by blockchain technology, provide unique growth potential.

    However, the right investment depends on individual goals, risk tolerance, and market trends. Diversification remains key to a robust portfolio.

    Does Warren Buffet Invest In Gold?

    Warren Buffett, renowned for his value investing philosophy, has traditionally shown skepticism towards gold investments.

    He considers productive assets like businesses more valuable than inert metals.

    As of my last knowledge update in September 2021, his focus remains on acquiring companies with enduring competitive advantages, rather than allocating resources to gold.

    What Is The Downside Of Buying Gold?

    While gold is prized for its stability and value, it does come with downsides. Its price can be volatile, leading to uncertain returns. Storage costs and insurance fees add to its expenses.

    Unlike investments, gold doesn’t generate income. Additionally, its value relies heavily on market sentiment and global economic conditions.

  • Crypto Market Update — NFTs, All Time High Coins, and Ruling Fear

    The broader market is consumed by fear and the threat of a possible recession along with crypto volatility has investors grappling. In the face of multiple bad news — read another rate hike, deepening US-China tension, and the biggest crypto wallets hack — crypto market started the new month on a low note and continued crashing down. However, Nancy Pelosi’s (U.S. House of Representatives Speaker) visit to Taiwan created some buzz. Ultimately, investors showed some optimism with a more risk-on approach. But caution still prevails as the larger market situation hasn’t improved at all.

    Well, whatever the market situation is, there’s always some kind of development taking place. Continue reading this article to get a better picture of what’s going on in the market — ups and down along with cool takeaways.

    Crypto Market – Highlights of the Week

    • Bitcoin (BTC) is currently trading at a price of $22,872.54 with a loss of 1.92% in the past 24 hours after a short bear market rally. This accumulates to the past week’s decline of 0.10%.
    • Ethereum (ETH) on the other hand has plunged by 0.19% in the past 24 hours and is now priced at $1,622.88. The past week’s gains are at 0.52% for the queen. Given the problems with its upcoming merge and key derivatives, the $1,600 ETH support seems to lack strength.
    • Victorian police in Australia under the new bill will be entitled to greater power for seizing crypto assets from criminals. The new bill is also expected to have crypto exchanges hand over necessary information for assisting police in criminal investigations.
    • The much-expected Digital Commodities Consumer Protection Act bill was finally passed on Wednesday. The new bill includes BTC and ETH and confirms the growing consensus for CFTC regulation.
    • This week, the fourth largest hack in history took place draining nearly $200 million worth of crypto assets. The Nomad token bridge hack was reportedly due to a security vulnerability that Nomad ignored.
    • The recent hack of Solana-based wallets is deemed to be due to the Web3 wallet provider Slope. An investigation of the Solana ecosystem mayhem led to data pointing at Slope being responsible for the exploit.
    • Jeff Garzik, a Bitcoin pioneer announced the launch of NextCypher Productions, a Web3 production company. This company will tell stories from the intersection of Web3 and science fiction.

    Ruling Sentiment & Fear

    The global crypto market capitalization has continued plunging down with deteriorating economical and geopolitical conditions. Currently standing at $1.07 trillion with an increase of 1.63% in the past 24 hours, the global crypto market cap saw a brief fall to $1.00 trillion on Wednesday night. Atrocious hacking events in the market combined with the wider disarray have been responsible for fear in the market.

    Furthermore, the crypto fear & greed index has been quavering between extreme fear and fear only. The crypto fear & greed index combines various indicators of the overall crypto market sentiment into a single number — that is used to gauge the sentiment of the market. The smaller the number, the higher the fear, and vice versa.

    At the moment, the index stands at 30 with continued fear and a further decrease from yesterday’s value of 34. However, the fear sentiment is still better than last month’s prevalent extreme fear — with the figure reaching 19.

    Top Movers in the past 24 Hours

    Even at times when the market is bearish and the sentiment is down, there are still outliers making some upward streaks. Hence, even while the top cryptos like BTC and ETH are in the red, there are still some gainers that have defied the market sentiment. Let’s have a look at the top outliers in the past 24 hours:

    Buddy DAO (BDY)

    Aiming to be the first guarantor-based DeFi lending protocol, BDY is part of the mission to build a Decentral bank — to help anyone get a loan within seconds. Currently trading at a price of $0.044, it has shot up by a huge 236.59% in the past 24 hours. Its 24-hour trading volume also saw a nice uptick of nearly 185%.

    ZEON

    Claiming to be a decentralized platform for financial services, ZEON Network strives to offer instant access to cash without selling. Its wallet is an ETH and BTC wallet that is compatible with multiple software. Presently, ZEON is trading at $0.0115 and has added 144.58% in the past 24 hours.

    Saudi Shiba Inu (SAUDISHIB)

    As DeFi token on the Binance Smart Chain, this decentralized token has an NFT Platform as well as NFT collections to its name. It also has an auto-staking feature that serves well for its holders. In the past 24 hours, SAUDISHIB has gained a nice 132.59%, and its trading at a price of $0.00000000206 right now.

    ClinTex CTi (CTI)

    Another outlier in the past 24 hours has been CTI with gains of over 114.53%. The token is currently priced at $0.01393 and ranks 1279 on CoinMarketCap. Clinical Trails Intelligence (CTi) is a transformative blockchain platform designed for clinical trials — applying predictive analytics, machine learning, smart contracts, and blockchain tech.

    OnX Finance (ONX)

    And the final top gainer in our list is OnX Finance (ONX) — which surged up by 97.40% in the past 24 hours. The latest price of the token is $0.121. OnX is a DeFi Hub focused on building platforms and contracts — for swapping, lending, borrowing, yield farming, etc. It specializes in collateralized token products.

    All-Time High Coins

    While the market sentiment is anything but good, and the situation even further from better, some coins are still breaking high. Amidst the raging fear, there are a number of coins going for their all-time highs. Here are some of our top picks that just might end up presenting high-yield opportunities:

    Beau Cat (BUC) is a blockchain-based beauty platform that achieved its all-time high today at $120.02. The token is still hovering around the ATH with a gain of 0.44% in the past 24 hours. The platform provides information on beauty and related products based on user participation.

    Hop Protocol (HOP) is another token that hit its all-time high today. The ATH value of the HOP was $0.1935, however, it is currently down by 2.26% from its ATH at $1.1884. The 24-hour change in its value is positive 4.36%. Hop is a multichain bridge that connects Ethereum to Layer-2 networks — through which users can send tokens directly across networks in an instant.

    Hello Art (HTT), a metaverse for artists and fans also synced with the real world, also established a new all-time high today. It is currently down by 10.36% from its ATH of $0.03214, trading at $0.02888. Hello Art (HTT) makes sure to provide an experience that goes beyond the current limits of art.

    CyberDragon Gold (GOLD) recorded its all-time high a day ago on August 3, at $0.02796. However, its current price of $0.02726 has fallen down by 3.17% from the ATH. CyberDragon is a play-to-earn game based on Binance Smart Chain — where CyberDragon Golds are earned.

    Last but not the least, XX Network (XX) also registered a new ATH in the past 24 hours shortly after it plunged to a new all-time low. Currently trading at $0.3686, XX is down by 5.50% from its ATH of $0.3801. XX network brings together a native scalable, quantum-ready layer 1 blockchain with the most private communications network out there. Its coins are traded on the MEXC exchange.

    NFTs: Developments

    With the boom of cryptocurrency in recent years, non-fungible tokens (NFTs) also gained traction — due to their irrevocable ownership nature. Numerous developments are continuously taking place in these cryptographic blockchain-based tokens. Let’s have a look at the trending developments in the NFTs market in the past week:

    • LinkedIn founder Reid Hoffman launched a series of Solana-based NFT collections named “Untranslatable Words”. Created via DALL-E 2 AI software, the NFTs are being sold on Magic Eden — the largest Solana NFT marketplace.
    • To celebrate the 25th game anniversary of Final Fantasy VII, Square Enix has partnered with Enjin (software platform) to launch its first NFT project. Inspired by the video game, the NFT collection will be launched in 2023.
    • K-pop agency Fantagio and digital asset platform Crypto.com has entered into a joint NFT venture. The collaboration to pursue NFT projects was announced in an MOU on Wednesday.
    • TrufflezNFT — a combined project of cannabis company Trufflez and web3 enabler dropLabs — is to launch the first-ever NFT membership cannabis consumption lounge in New York.

    NFTs to Watch

    While the crypto market has become extremely volatile and prices are taking a hit from all directions, the NFT segment still remains the most profitable one. Although NFT collections have also seen a decrease in price due to the ongoing frenzy, it is only another opportunity to capitalize on. Here are some of the top NFT collections to look into:

    CryptoPunks

    Launched in 2017, CryptoPunks is one of the originals and the very firsts, and rightly so. The fixed set of 10,000 items regained some traction this week thanks to Tiffany’s launch. The iconic jewelry brand came out with an exclusive offer of handcrafted custom CryptoPunk pendants for 30 ETH ($50,000) each. The NFT collection saw a huge uplift of over 2,200% in its trading volume following the launch announcement. The price per item of the collection has surged by 537.25% in the past 24 hours.

    Rare Apepe YC

    Rare Apepe YC is one of a kind collection. It is essentially a derivative of two of the top NFT collections in the market – Bored Apes YC and Rare Pepes – hence why it should be on the list of every crypto investor. The collection consists of 10k items, with the price having climbed up by more than 70% during the past twenty-four hours.

    Mirage Gallery Curated

    Mirage Gallery Curated has completely exploded during the day with a whopping gain of 400,000%. This collection of 2.8k unique items has garnered staggering attention amongst NFT enthusiasts, making it one of our top collections for this week. Mirage Gallery’s popularity stems from its aim to take art beyond humanistic abilities through AI.

    Otherdeed for Otherside

    Otherdeed for Otherside is another one of the top collections for this week. This NFT is an essential part of the metaverse of Otherside, making its value pegged to the Otherside. Through the NFT, users can acquire land in Otherside. The collection has 100k items and should be added to your list if you plan on delving into the metaverse of the Otherside.

    Mutant Ape Yacht Club

    Mutant Ape Yacht Club is of course one of the originals and rightfully deserves the place on our weekly list. The collection has had a daily gain of 45% in its value. The current hype may be linked to the recent announcement of Gucci accepting Bored Ape Yacht Club’s cryptocurrency.

  • BTC and Gold Providing Relief amidst Ukraine Crisis

    On Monday, Bitcoin (BTC) and several other major crypto assets initially declined, but later in the trading day, buyers arrived to provide relief. At the same time, as a ban on Russian oil imports seemed to be on the table, the US dollar, gold, and a wide range of other commodities continued to rise.

    BTC is currently trading at USD 38,950, stable in the last 24 hours and up 3.2 percent this week. Ethereum (ETH) is currently trading at USD 2,615, down 1% on the day and 0.5 percent on the week.

    Gold and Other Commodities

    Gold soared beyond the critical USD 2,000 milestone in early trade in Europe, reaching its highest level since August 2020, causing the crypto market to react. Gold, on the other hand, has retraced significantly from its high, trading at USD 1,969 as of press time.

    Other commodities, particularly oil and natural gas, climbed as well, with European Brent crude oil reaching highs of over USD 130 in early trading, the most since June 2008. Oil, like gold, has retraced from its peak and is currently trading at around USD 124 as of press time.

    Meanwhile, European stock markets rebounded from severe losses earlier in the day, with the STOXX Europe 600 index down 0.3 percent for the day after falling as high as 3.8 percent earlier. In the United States, S&P 500 futures pointed to a 0.36 percent lower start on Wall Street.

    The market’s movements were triggered by news that Russia and Ukraine will meet for cease-fire talks in Belarus later. In addition, rumors surfaced on Monday that Ukraine’s and Russia’s foreign ministers will meet for talks in Turkey on Thursday.

    Despite current pricing indicating a higher hunger for traditional safe havens than for crypto, data from crypto research and investing firm CoinShares revealed that digital asset investment products witnessed inflows of USD 127 million last week, up from USD 36 million the week before.

    According to CoinShares’ data, out of the USD 127 million witnessed flowing into all crypto goods, USD 94.8 million went into bitcoin-backed investment products.

    With capital returning to more traditional safe-havens, bitcoin’s reputation as digital gold and a new safe haven has once again been questioned.

    Former Goldman Sachs CEO Lloyd Blankfein was one of those who questioned the crypto market’s capacity to serve as a beneficial safe haven from the current upheaval in the fiat world. Last night, Blankfein wrote on Twitter that he’s “not seeing” crypto prices reflect any of their safe haven features right now.

  • Almaden Minerals Ltd. (AAU) Stock Continues Downward Trend Following Culmination of Ixtaca IP Program

    Almaden Minerals Ltd. (AAU) Stock Continues Downward Trend Following Culmination of Ixtaca IP Program

    Almaden Minerals Ltd. (AAU) stock prices were down a marginal 2.03% as of the market closing on June 17th, 2021, bringing the price per share down to USD$0.5058 at the end of the trading day. Subsequent premarket trading has seen the stock remain stable as of the time of writing.

    Completion of Ixtaca IP Program

    The company announced on June 14th, 2021 that it had successfully completed a surface-induced polarization geophysical (IP) program at its Ixtaca deposit in Mexico. The work being conducted was designed to help isolate drill targets under the area of hydrothermal alteration called the Southeast Alteration zone, as well as at depth beneath the Ixtaca deposit.

    Results of IP Program

    The data collected will continue to be processed and combined with historic geologic, geochemical, and geophysical data. AAU hopes that these results will facilitate the identification of additional discrete targets for a future diamond drill program. This program will serve to test for potential blind zones of veining under the Southeast Alteration zone, which is mostly covered with overlying clay alteration similar to that in the SE alteration zone. The discovery drill hole in the original Ixtaca deposit area was planned partly due to high resistivity and chargeability results obtained in an earlier IP geophysical survey.

    SE Alteration Zone

    The SE Alteration zone is made up of white argillic volcanics and clusters of anomalies that were identified from a hyperspectral survey. This survey included spectral signatures of important epithermal alteration minerals such as kaolinite, alunite, and buddingtonite. November 2020 saw the company announce the discovery of a network of veining cropping out within the SE Alteration zone. Seventeen samples of the veining were collected and submitted to ALS Global in Mexico for analysis.

    Analysis of Samples

    Sixteen of the samples returned below detection gold and silver, with the odd one out returning a value of 62 ppb gold. Despite the outcrops being leached and weathered, however, many of the samples exhibited higher values for epithermal pathfinder elements, which are commonly found in the higher parts of epithermal alteration zones. These findings are highly promising in their support of the company’s claim that the SE Alteration zone has the potential to represent higher levels of a potential underlying epithermal system.

    Future Outlook for AAU

    Equipped with the recent development of the potential of its digsites, AAU is poised to capitalize on the opportunities presented to it to return to its trajectory of growth. Current and potential investors are hopeful that management will leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Indonesia: Gold Making A Comeback As A Currency?

    Indonesia: Gold Making A Comeback As A Currency?

    The Indonesian government had imposed a ban on cryptocurrencies in 2017 as cryptocurrencies contradict with the largest Muslim-population country’s rule of law – the Shariah. The country has suffered in terms of digital adoption ever since. The COVID-19 pandemic pushed the country into a recession – halting its rampant economic growth. Now with citizens bearing the brunt of the economic stalemate, the authorities have adopted a neutral position on cryptocurrencies.

    Kinesis is a monetary system which is based on 1:1 of physical gold and silver allocation. The firm has launched a Shariah-compliant version of its product in the country. The product PosGO has received approval from the federal government as well as the Sharia Supervisory Board. Being Shariah compliant, the product does not have any interest component. Moreover, PosGO is being launched in partnership with PT Pos – Indonesia’s government-backed postal service – which will give the product access to a much wider audience.

    The gold-backed digital asset has also bagged partnerships with major exchanges in the country – ABX and PT Bullion. Per the CEO of Kinesis, PosGO will enable Indonesians to use gold as currency. The product will also pose as an alternative more efficient means of storing and exchanging wealth. The digital asset may also put back the country on the track of digital currency adoption.

  • Bitcoin (BTC) to overtake gold soon?

    Ever since the cryptocurrency craze has reached new levels, Bitcoin (BTC) – and other major cryptocurrencies – has exploded. Most cryptocurrencies are vying to reach for the moon – while some are closer than others. The king of cryptocurrency stands at $57k, teasing its all-time high level while the queen of the market – Ethereum – established a new all-time high at $2,135

    Various cryptocurrency investors and fans have been vocal about the potential of Bitcoin replacing gold as the safe haven asset. The major investment bank, JP Morgan & Chase Co., had stated in the beginning of the bull run the fight between Gold and Bitcoin has already begun.

    The coronavirus played a significant role in fueling the position of Bitcoin as a safe haven asset as the stock market throughout the world were in the grips of the bears while the cryptocurrency market was soaring high. The potential of the money that could have been made with investing stimulus checks in the crypto market made dollar signs shine in investors eyes.

    A Twitter user by the name of Spencer Schiff has furthered the duel between Bitcoin and gold with some statistics. Per Schiff, Bitcoin has gone up by 100% in the first quarter to 2021 while gold has declined by 10%. This shows the rising interest in Bitcoin as a safe haven asset.

    Bitcoin vs Gold

    Can Bitcoin (BTC) break through the stronghold of Gold?

    Through one lens, it seems plausible while not so much through another. Bitcoin and gold has no comparison through fundamentals. Whereas gold has intrinsic value, Bitcoin’s value is fickle. The high volatility and absence of any value may not allow the cryptocurrency to overthrow gold

  • Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    On February 17, American stock exchanges closed in different directions. The S&P 500 index dropped by a purely symbolic 0.03%, to 3931 points, the NASDAQ lost 0.58%, and the Dow Jones added 0.29%. Retail sales rose sharply in January thanks to direct payments to the public, which supported the bullish sentiment. The market saw a capital flow from growth stocks to value stocks, which made the IT sector an outsider, losing 1.03%. The energy sector remained among the leaders and grew by 1.45% amid rising oil prices.

    Company news

    QuantumScape (QS: + 31.4%) announced a breakthrough in the development of next generation solid state batteries.

    Popular website builder Wix.com’s quarterly results (WIX: + 8.1%) exceeded expectations, as did the company’s forecasts for 2021.

    Shopify’s (SHOP: -3.3%) revenue and operating numbers were above consensus, but the stock is up more than 25% YTD, so investors have taken profits.

    Today, global stock exchanges are showing mostly negative dynamics. The published minutes of the FRS meeting, held on January 26-27, fully coincided with the expectations of investors. The meeting participants did not discuss the reduction of the asset purchase program, since macroeconomic indicators do not allow even considering such a possibility. The factor of ultra-soft monetary policy has been in the field of view of investors for a long time, so the degree of its influence is gradually decreasing.

    Note that positive data on retail sales in January (+ 5.3% mom) confirmed the effectiveness of fiscal stimulation by direct payments to the population. The stimulus package currently under discussion includes direct payments of $ 1,400, more than double the previous subsidy. In this regard, a similar increase in consumer spending can be expected in April and May.

    In the short term, a correction in the S&P 500 index is not ruled out, since a sharp rise in bond yields and the prospects for an early opening of the economy may lead to some capital outflow from the US tech sector. Cyclical sectors can look stronger than the market.

    The data on the issued building permits for January will be published today. A slight decrease is expected compared to the previous month, when the highest level in more than 10 years was recorded (forecast: 1.678 million, previous value: 1.704 million). The real estate market remains in excellent shape, so a slight slowdown in construction growth will only protect it from overheating.

    The Freedom Finance Sentiment Index remains at 78 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospects for mass vaccinations.

    Technically, the S&P 500 is still in an uptrend. The upper limit of this trend still limits the growth potential of the broad market index. On the eve of the “bulls” showed weakness, which, however, turned out to be short-lived. In the short term, a correction or consolidation is likely, as the RSI indicator is forming a bearish divergence near the overbought zone.

    Today Top Movers

    Tilray Inc (TLRY) stock ascended 8.19% at $34.09 in the pre-market trading today after the company declared financial results for the full fiscal year and fourth quarter ended December 31, 2020.

    Avinger Inc (AVGR) gained over 58.58% at $2.68 in pre-market ‎trading on Thursday.‎‎ Avinger, Inc. to be issued US Patent No. 10,932,670 by the US Patent and Trademark Office on 3/2, titled: OPTICAL PRESSURE SENSOR ASSEMBLY.

    Onconova Therapeutics Inc (ONTX) grew over 15.23% at $1.74 in pre-market trading ‎today following the closing of a $28.75 million public offering of common stock.

    Luokung Technology Corp (LKCO) stock moved up 14.02 percent to $2.52 in the pre-market ‎trading. The firm recently declared a $100 million registered direct offering priced at the market under Nasdaq Rules.‎

    Top Upgrades & Downgrades

    Berenberg turned bullish on STMicroelectronics N.V. (STM), upgrading the stock to “Hold”. 

    Mohawk Industries Inc. (MHK) has won the favor of Credit Suisse’s equity research team. The firm upgraded the shares from Underperform to Neutral and moved their price target to $180. 

    Wells Fargo & Company (WFC) received an upgrade from analysts at JPMorgan, who also set their one-year price target on the stock to $37. They changed their rating on WFC to Neutral from Underweight in a recently issued research note. 

    Earlier Thursday Kepler Cheuvreux reduced its rating on TechnipFMC plc (FTI) stock to Hold from Buy and assigned the price target to 8.21. 

    Credit Suisse analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Noble Midstream Partners LP (NBLX) has been changed to Neutral from Outperform and the new price target is set at $13.5. 

    Analysts at Baird downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Neutral from Outperform Thursday.

    Latest Insider Activity

    Freeport-McMoRan Inc. (FCX) VP Controller & Financial Rptg WHITMIRE C DONALD JR announced the sale of shares taking place on Feb 12 at $30.84 for some 48,240 shares. The total came to more than $1.49 million. 

    Marvell Technology Group Ltd. (MRVL) CEO and President MURPHY MATTHEW J sold on Feb 16 a total of 282,328 shares at $53.20 on average. The insider’s sale generated proceeds of almost $0.4 million. 

    New York Community Bancorp, Inc. (NYCB) Director Rosenfeld Ronald A. declared the purchase of shares taking place on Feb 09 at $10.63 for some 5,000 shares. The transaction amount was around $53,169. 

    CVS Health Corporation (CVS) Director LUDWIG EDWARD J bought on Feb 17 a total 14,334 shares at $72.00 on average. The purchase cost the insider an estimated $216,000.

    Important Earnings

    Top US earnings releases scheduled for today include Barrick Gold Corporation (NYSE: GOLD). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.31 per share from revenues of $3.27B in the three-month period. 

    Analysts expect Walmart Inc. (NYSE: WMT) to report a net income (adjusted) of $1.51 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $148.47B. 

    Host Hotels & Resorts Inc. (HST), due to announce earnings after the market closes today, is expected to report earnings of -$0.42 per share from revenues of $243.28M recently concluded three-month period.

  • 10 Stocks to watch in Yellow Metal Clan

    10 Stocks to watch in Yellow Metal Clan

    During Monday’s Asian exchange, gold goes down to $1,837.50, down 0.12 % intraday. In doing so, though pursuing the risk-positive reports, the yellow metal holds the downside pressure depicted at the week’s start. However, in the wake of the coronavirus (COVID-19) troubles and a lack of clarification regarding the main problems, bears are still wary.

    Brexit updates are still on the risk-positive side, suggesting that President Ursula von der Leyen of the European Commission (EC) and UK PM Boris Johnson have decided to prolong the Brexit talks for another week. Over the past week, lawmakers have confirmed that they remain “far apart from Brexit.

    A 10-day SMA downside split, currently close to $1,842, directs gold prices to peaks about $1,818/17 in late November before testing the $1,800 mark and the previous month’s low of $1,764.60.

    Kinross Gold Corporation (NYSE:KGC) shares were trading down -1.50% at $7.20 at the time of writing on Friday.

    Kinross Gold Corporation (NYSE:KGC) share price went from a low point around $2.72 to briefly over $10.31 in past 52 weeks, though shares have since pulled back to $7.20. KGC market cap has remained high, hitting $9.15B at the time of writing, giving it price-to-sales ratio of more than 2.

    If we look at the recent analyst rating KGC, BofA Securities upgraded coverage on KGC.

    Barrick Gold Corporation (GOLD) last closed at $22.90, in a 52-week range of $12.65 to $31.22. The company on November 26, 2020 reported that it has retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI) World Index, ranking in the 95th percentile of all mining companies assessed. Analysts have a consensus price target of $33.74.

    Yamana Gold Inc. (AUY) stock drop by -2.67% to $5.47. The firm revealed on December 3, 2020, positive drill results from the Lavra Velha, Monument Bay, and Borborema projects, as well as the addition of two new projects, Cambista and Cambiazo, to the program in Chile. The most recent rating by BMO Capital Markets, on November 16, 2020, is at an Outperform.

    New Gold Inc. (AMEX:NGD) Shares headed falling, lower as much as -3.59%. On November 23, 2020, the gold mining company declared partial redemption of outstanding 6.375% senior notes. The most recent rating by CIBC, on September 16, 2020, is at a Sector outperform.

    Newmont Corporation (NYSE:NEM) fall -0.52% after losing more than -$0.31 on Friday. The firm revealed on December 8, 2020, its 2021 outlook with attributable gold production guidance of 6.5 million ounces and AISC of $970 per ounce.

    Harmony Gold Mining Company Limited (HMY) last closed at $4.14, in a 52-week range of $1.76 to $7.61. Analysts have a consensus price target of $4.86.

    Hecla Mining Company (HL) stock drop by -2.49% to $5.09. The firm declared that its subsidiary Hecla Quebec, operator of the Casa Berardi Mine, has finalized a Cooperation Agreement with the Council of the Abitibiwinni First Nation (CAFN). The most recent rating by ROTH Capital, on October 27, 2020, is at a Buy.

    Gold Fields Limited (NYSE:GFI) Shares headed falling, lower as much as -1.46%. The most recent rating by RBC Capital Mkts, on September 15, 2020, is at a Sector perform.

    B2Gold Corp. (AMEX:BTG) fall -1.08% after losing more than -$0.06 on Friday.

    IAMGOLD Corporation (IAG) last closed at $3.54, in a 52-week range of $1.44 to $5.35. On December 1, 2020, IAMGOLD Corporation (IAG) reported remaining assay results from the 2020 drilling program and confirmed the extension of the Renard System to the West at the Nelligan Gold Project, Quebec.