Because WPM doesn’t actually mine gold, its earnings tend to be more stable than most gold stocks. Analysts expect marginal increases in yearly EPS over the next five years. This includes a small decrease of 1.8% in 2023 and an expected EPS jump of 14.5% in 2024. Global stocks of gold have continuously increased in recent decades and are currently at their highest level.

  1. Apart from the Antarctic, where mining is not allowed due to international regulations, the precious metal is mined on all continents.
  2. Gold streaming is the provision of upfront financing of gold miners in exchange for the option to buy finished gold bullion at a discount in the future.
  3. The stock has a “B” financial health rating from Morningstar, which indicates a strong financial position.
  4. For comparison, the SPDR Gold Shares (GLD) returned 56.0% and 10.9% over those same periods.
  5. The best gold stocks on our list above are focused on either gold mining or gold streaming.

Stockholders of record on Thursday, February 29th will be paid a dividend of $0.074 per share on Friday, March 15th. This represents a $0.30 dividend on an annualized basis and a yield of 1.91%. Symbols and abbreviations are a key part of stock market communication. In addition to trading and investing he’s widely published and coaches individual clients on the finer points of gaining an edge in the market. It has returned 283.9% over the last five years and 45.7% over the last year. For comparison, the SPDR Gold Shares (GLD) returned 56.0% and 10.9% over those same periods.

Financial abbreviations are short forms of financial terms and concepts relevant to stocks and other market securities. “EPS” is the trailing 12-month earnings attributable to common shareholders divided by the number of outstanding common shares. “PE” ratio is the stock price divided by the trailing 12-month EPS.

Gold Fields Limited (GFI)

Their profits rise when gold prices are high and decline when gold is cheap. Over the last five years, DRD is the second-strongest performer on the list with a total return of 358.9%, but only a 14.2% increase in the last 12 months. DRD has the highest dividend yield on this list at 5.8%, and the company has been paying a dividend for 16 uninterrupted years. The stock has performed admirably over the last five years, returning 196.4% and 19.5% over the last year, as well as a 1.3% dividend yield.

It’s recommended that investors interested in purchasing gold stocks do their own due diligence and consult with a financial advisor before making a decision. Do your due diligence, consult with a financial advisor and decide when the time is right for you to purchase gold stocks. Whatever you feel about gold, financial advisors agree that gold stocks can play an important role in a diversified investment portfolio. Gold may or may not be a particularly good inflation hedge, but there’s little doubt that it has held its value over the long term.

“GTC” is a good-till-canceled order that remains active until you cancel it, although the broker may limit the number of days you can keep such an order open. “AON” is an all-or-nothing order that executes in its entirety or not at all. Sales are in an overall uptrend although they don’t generally increase every year. Earnings can be erratic but analysts expect strong growth over the next five years, including a 42.9% EPS jump this year.

Barrick Gold (GOLD) Stock Price, News & Analysis

The mining industry is notorious for its effect on the environment, with mines often leaving behind polluted water, soil and air. In recent years, Barrick Gold has made a concerted effort to reduce its environmental impact, including investing in renewable energy and water treatment technology. (Kitco News) – Higher gold prices in the final months of 2023 helped the world’s largest gold producer top fourth-quarter earning estimates. From your brokerage account, choose the stock you want to buy, the price at which you want to purchase it and how many shares of the stock you wish to own. Once you have decided on these factors, you can purchase the stock.

In addition to gold mining, Barrick Gold has begun exploring copper and other minerals, with significant projects in Chile and Saudi Arabia. Today Barrick Gold Corporation (GOLD), the world’s second largest gold mining company in terms of production, posted their Q4 and 2023 full year financial results. Every investment has advantages and disadvantages—gold stocks are no different. Because of the volatile nature of gold stocks, they are unlikely to be a good investment for novice investors or buy-and-hold investors.

Wheaton Precious Metals is a Canadian company that streams gold and other precious metals. It enters into purchase agreements with mines and then sells the gold. Barrick Gold saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 15,610,000 shares, an increase of 29.3% from the January 31st total of 12,070,000 shares.

Harmony has minimal analyst coverage, hence the lack of a five-year EPS forecast. What is evident is that the company’s sales have been in an uptrend for a decade, and while earnings can be erratic—as with nearly all gold stocks—the stock lessons in corporate finance itself has performed well. If you’re serious about purchasing gold stocks, discuss your ideas and strategy with a financial advisor. Whether you choose to buy physical gold or gold stocks depends upon your own goals and requirements.

Another form of investing in gold is Xetra-Gold, a no-par loan, which is denominated in gold holdings. This can be purchased on the stock exchange and transferred in the same way as a share. Tickers are real-time or time-delayed displays of financial information about publicly traded companies. The ticker communicates sufficient information in compact form for you to make informed trading decisions.

Draslovka and Barrick Gold Commence Commercial Use of Glycine Leaching Technology for Gold Mining

In addition to environmental concerns, Barrick Gold has also faced challenges related to its social impact. For example, mining companies often operate in remote regions where local communities may depend on the land for their livelihoods. Sales are in an overall uptrend the last decade and earnings can be erratic but analysts expect steady EPS growth of approximately 10% per year over the next five years. The stock has been a strong performer, rallying 214.6% over the last five years and 51.6% over the last year, well outpacing the performance of gold.

About MarketBeat

Barrick Gold Corp is a global mining company in North America, South America, Africa and Australia. The company primarily focuses on the exploration and production of gold and copper, with additional interests in silver and other minerals. Founded in 1983, Barrick Gold has become one of the largest gold mining companies in the world, with a market capitalization of over $45 billion as of February 2023. Some symbols have extensions to communicate additional information, such as a particular class of share or the exchange on which the security trades. For example, “ABC” would be the symbol for ABC Corporation, a hypothetical company, while “ABC.B” would be the symbol for its Class B shares.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed