The yellow metal is a proven store of value and a source of liquidity. Gold also offers uncorrelated returns, making it an ideal addition to any portfolio. When you own gold stocks, you have the potential to earn above-average returns while being protected during stock market downturns.
Instead of buying individual gold bars or coins, investing in gold stocks is a more accessible and affordable way to own the yellow metal. There are many different ways to invest in gold stocks, including ETFs, mining stocks, and mutual funds specializing in gold. With that in mind, here are some of the top-performing gold stocks from the last year with market caps under $1 billion.
Investors often look for ways to diversify their portfolios with asset classes that offer uncorrelated returns as a counterbalance against market volatility. Gold stocks are an excellent way to diversify your portfolio and reduce risk. In addition, these stocks can act as a hedge against inflation and other macro risks.
Many investors also like gold as an inflation hedge because it tends to rise in value when the cost of goods increases. Generally, most of the best gold stocks will have fundamentals that check most boxes for what you should look for when investing in any company: high insider ownership, earnings per share growth, and strong return on equity.
Alamos Gold Inc.
According to the information presented in TheStreetRatingsTable, TheStreet analysts raised their rating of Alamos Gold (NYSE: AGI) from a “c” rating to a “b-” rating in a letter that was distributed to investors on Wednesday. In addition, AGI has been extensively discussed in a wide range of other scholarly works. In a research note published on Thursday, June 30, Canaccord Genuity Group announced that they were increasing their price objective for Alamos Gold. The new price objective has been set at CAD 13,000, a rise from the previous price objective of CAD 12,000. On June 30, TD Securities released a research note in which they increased their target price for Alamos Gold from C$16.00 (Canadian Dollars) to C$16.50.
The initial target price was C $1600 (Canadian Dollars). Stifel Nicolaus revealed in a research note distributed on July 20 that they would lower their target price for Alamos Gold from C$18.25 to C$16.00. In a research note released on July 21, National Bank Financial lowered its price objective for Alamos Gold. The new price goal is C$12.50, which is a reduction from the previous price target of C$13.00. Bloomberg’s rating for Alamos Gold was changed from “sell” to “hold” in a research note released on August 6, meaning that the company now recommends that investors keep their present investment. The research findings that Bloomberg supplied indicate that the general recommendation for Alamos Gold is a “Moderate Buy” and that the business’s average price goal is $12.75. The evolution of the price of gold in Alamos and its swings throughout history On Wednesday morning, the price of AGI stock was $7.96 when the trading day began.
The company has had a moving average price of $7.73 for the last 200 trading days, while the moving average price for the last 50 trading days is $7.45. These ratios are all significantly higher than average. During the preceding year, the price went as low as $6.51 and as high as $9.22 across the entire year. On July 27, Alamos Gold (NYSE: AGI) (TSE: AGI) announced that it would release its quarterly earnings report. In the most recent quarter, Basic Materials reported earnings of $0.07 per share, which is $0.01 higher than the consensus estimate of $0.06 per share for the period. The company’s sales for the previous quarter came in at a more than satisfying $191.20 million, which compares favorably to the average expectation of $195.11 million. Alamos Gold’s return on equity came in at 4.51%, and the company’s net margin was at 6.76%.
Compared to the revenue reported during the same quarter the previous year, the current quarter’s revenue was down by 2.0%. Compared to the prior year’s results for the same quarter, the company’s earnings per share came in at $0.10. It is anticipated that Alamos Gold will generate profits of $0.32 per share for the current fiscal year. These projections are based on estimates supplied by analysts. Opinions on Alamos Gold Expressed by Hedge Funds and Other Institutional Investors During the most recent several months, institutional investors and hedge funds have been among the most active purchasers and sellers of the company’s shares. During the first three months of the year, CIBC Asset Management Inc. boosted the amount of Alamos Gold stock owned by 1.1%, bringing its total ownership percentage to 100%. CIBC Asset Management Inc. is now the owner of 528,134 shares of the basic materials company’s stock. These shares have a value of $4,441,000 and were acquired by the business during the most recent quarter by purchasing an additional 5,676 shares. General American Investors Co., Inc.’s amount of money into Alamos Gold climbed by 2.9% over the first three months of the year. Following the purchase of an additional 50,000 shares during the most recent quarter, General American Investors Co., Inc. now has 1,783,042 shares of the business that deals in basic materials.
There is a value of $15,013,000 attached to these shares. Seven Eight Capital LP spent 1,839,000 dollars over the first three months of 2018 to acquire a new investment in Alamos Gold. BNP Paribas Arbitrage SA boosted the amount of Alamos Gold it invested by 77.9% during the fourth quarter. As a result, BNP Paribas Arbitrage SA now holds a total of 91,221 shares of the firm that deals in basic materials due to the purchase of an additional 39,940 shares during the most recent quarter. The current value of these shares is assessed to be $701 as of this moment. Lastly, but certainly not least, TD Asset Management Inc. boosted the number of Alamos Gold shares it owned by 5.3% during the final quarter of 2018. TD Asset Management Inc. now has a total of 2,399,540 shares of the basic materials company’s stock, which are currently valued at $18,483,000 following the acquisition of an additional 120,100 shares during the most recent quarter. Institutional investors hold a 62.33% stake in the company through their ownership of its common shares. About the Alamos Gold Company, Alamos Gold Inc. is in the business of purchasing, developing, and extracting precious metals from the ground in numerous nations, including Turkey, Mexico, Canada, and the United States. The quest for valuable metals like gold and silver is the major objective of the expedition. The Young-Davidson mine, which is situated in Matachewan in the Northern Ontario region of Canada, is the primary project the company is currently working on. Mineral leases and claims on the land cover a total of 5,587 hectares.
New Gold Inc.
(ARCA: USD) and (TSE: NGD) is not guaranteed. In a research report published on Tuesday, August 23, 2022, Raymond James raised their estimates for the earnings per share (EPS) that New Gold Inc. will generate during the third quarter of 2022. An analyst at Raymond James named F. Hamed has predicted that the company would now earn $0.001 per share for the quarter. It represents an uptick from their earlier forecast of a ($0.03) per share loss.
A profit of $0.16 per share is now anticipated for New Gold’s business activities over an entire year. In addition, Raymond James anticipates that New Gold will earn $0.01 per share in the fourth quarter of 2022 and a loss of $0.07 per share for the entire fiscal year 2022. The stock in question has also been the subject of commentary from the perspectives of several different research analysts.
In a research note issued on Tuesday, July 12, the Credit Suisse Group announced that they would be decreasing their price objective for New Gold shares from C$1.40 to C$1.10, effective immediately. In a research note released on Wednesday, July 13, BMO Capital Markets announced their intention to reduce their price objective for New Gold shares from three Canadian dollars per share (C$3.00) to two Canadian dollars per share (C$2.00). Cormark rated the company’s performance as “sector perform” in a research report published on July 13 and lowered their price objective on shares of New Gold from C $2.25 to C $1.00 in a research report that rated the company’s performance as “sector perform.”
The stock of the company was the subject of the study. National Bankshares categorized the company as a “sector performer” in a research note published on July 21 that lowered their price objective on New Gold shares from C$1.50 to C$1.20. The prior price objective was 0.50 dollars. In a research note released on Tuesday, July 12, CSFB dropped their target price on New Gold shares from C$1.40 to C$1.10. The final and most significant adjustment was made here. The stock has been recommended to buy by one financial analyst, while the remaining six analysts have provided a recommendation to hold. According to the information that Bloomberg provided, the current consensus recommendation for New Gold is “Hold,” and the average price goal has been set at $1.92.
Trading of the Activity of the New Gold Price TSE: NGD began on Friday for C$0.93, the opening price for the day. The firm’s market value is estimated to be 634.54 million Canadian dollars, and its PE ratio currently stands at 5.81. During the previous 52 weeks, the price of one unit of New Gold fluctuated between $0.87 and $2.57 at various points. The price of the stock’s moving average over the past 50 days is 1.14 Canadian dollars, while the price of the stock’s moving average over the past 200 days is 1.73 Canadian dollars. Debt to equity ratio of 41.04, a quick ratio of 2.08, and a current ratio of 2.81 are all present in the equation.
Thursday, August 4, marked the day that New Gold (TSE: NGD) (ARCA: NGD) announced the release of its quarterly financial results. The corporation reported total revenue of 147.68 million Canadian dollars for the period in question. Internal Trading On Monday, August 15, Senior Officer Robert Joseph Chausse purchased one hundred thousand shares of the company’s stock. This information is relevant to this topic and was reported in other recent news. Because one share cost 1.01 Canadian dollars, the total amount paid for all of the shares was $101,000.00.
The cost of one share was 1.01 Canadian dollars. The total amount that was paid was also in Canadian dollars. The insider currently has 703,803 shares of the firm, which have a value of 710,841.03 Canadian dollars and are held in their possession. On August 10, Renaud Adams, the director of New Gold, purchased 47,000 shares of the company’s stock. This transaction took place earlier in the day. Another bit of information regarding New Gold has just been discovered. It was acquired for a total value of shares equal to C$48,410.00, which works out to an average price of C$1.03 per share. Because of the sale, the director now owns 1,084,348 shares. These shares have a market value of 1,116,878.44 Canadian dollars each. On Monday, August 15, Senior Officer Robert Joseph Chausse purchased 100,000 shares of the company’s stock. It was the day after he had already purchased 50,000 shares. Because one share cost 1.01 Canadian dollars, the total amount paid for all of the shares was 101,000.00 Canadian dollars. The cost of one share was 1.01 Canadian dollars. The total amount paid was also in Canadian dollars. The insider currently has 703,803 shares of the firm, which have a value of 710,841.03 Canadian dollars and are held in their possession. For the past three months, business insiders have purchased 200,000 shares of company stock at an average price of $20 per share, spending a total of $205,060. Specifics Regarding the Recently Founded Gold Company Gold mining is the core business of New Gold Inc.
This firm operates in the middle tier of the mining industry and is accountable for the discovery, development, and exploitation of natural resources. Its major mission is to look for copper, silver, and gold reserves. Other metals may also be included. Both the Rainy River mine in Ontario, Canada, and the New Afton mine in British Columbia, Canada, are fully owned and operated by the corporation. These two mines are found in the country of Canada.
Sibanye Stillwater Limited
Shares of Sibanye Stillwater Limited have been assigned an average recommendation of “Moderate Buy” by the seven different brokerages now keeping an eye on the firm, as reported by Bloomberg Ratings (NYSE: SBSW). The stock of the corporation was awarded this particular rating.
Most analysts who followed the company during the previous year have settled on a price target of $15.48 per share for the company during the course of the subsequent year. Three enormous hats are available to purchase for less than $20 each.
With Potential Recent reports on SBSW have been compiled by several brokerage firms. This research emphasizes more recent happenings. In a research note issued on June 29th, Deutsche Bank Aktiengesellschaft lowered their “buy” rating and target price on Sibanye Stillwater shares from $17.00 to $14.00 in a research note. The research note was issued after Deutsche Bank Aktiengesellschaft cut their “buy” rating and target price on Sibanye Stillwater shares. Sibanye Stillwater was given a new rating of “buy” by HSBC in a report published on Wednesday and made available to the public. In a report released on June 1st, the Royal Bank of Canada downgraded Sibanye Stillwater from “outperform” to “sector perform” and reduced its target price from $25.00 to $13.00.
The research note that was published on July 7th by Investec indicated that the “buy” recommendation that the company had previously provided to Sibanye Stillwater had been changed to a “hold” rating. Sibanye Stillwater was the subject of a research report published on August 15th by BMO Capital Markets. The firm gave the company an “outperform” rating and decreased its price objective for the stock from $18.00 to $15.00. The report about to be published was going to be on the company’s stock. The share price in Sibanye Stillwater rose by 5.7% over the past month.
NYSE SBSW began trading at $9.99 on Friday. For the previous year, the price of Sibanye Stillwater ranged from its all-time low of $8.67 to its all-time high of $20.64. On the simple moving average of the last fifty days, the stock price is $9.93, and on the simple moving average of the past 200 days, the price is $13.33. Although the current ratio is 3.16 and the fast ratio is 1.94, the debt-to-equity ratio, the current ratio, and the quick ratio all equal 0.25. Institutional investors are investigating Sibanye Stillwater. The Most Profitable Stocks to Buy in the Mining and Metals Industries Right Now Recent months have seen substantial adjustments in the interests that significant investors have had in the company. Goldman Sachs Group Inc. increased its overall stake in Sibanye Stillwater to a level that was 71.8% greater than it was before the second quarter. Goldman Sachs Group Inc. now has a total ownership interest in the business valued at $39,658,000 and consists of 3,977,726 shares. It comes from the company’s purchasing an additional 1,662,361 shares during the quarter. A 71.1 percent increase in the company’s stake in Sibanye Stillwater was completed during the first quarter. Arrowstreet Capital Limited Partnership now has a total of 2,084,142 shares of the company’s stock, which are currently valued at $33,826,000 after the acquisition of an additional 866,039 shares during the period in question. It brings the total number of shares owned by the partnership to 2,084,142. During the second quarter, AQR Capital Management LLC saw a 15.0% rise in the percentage of Sibanye Stillwater shares it owned as a percentage of its total shares.
Following the conclusion of the most recent fiscal quarter, AQR Capital Management LLC increased its holdings in the company’s stock by purchasing an additional 614,611 shares, bringing the total number of shares that it currently possesses to 4,708,636 with a value of $46,945,000. In the first three months of 2018, Invesco Ltd. grew its ownership of Sibanye Stillwater stock by 53.2%, bringing its total ownership to 100%. After purchasing an additional 552,900 shares during the quarter, Invesco Ltd. now owns 1,591,259 shares. The value of Invesco Ltd.’s combined holdings in the company is now $25,827,000. And last, during the first three months of this year, Dimensional Fund Advisors LP made a 19.3% rise in the amount of Sibanye Stillwater shares it owned, bringing the total proportion of the company it held to 58.9%. After making further purchases during the period, Dimensional Fund Advisors LP now directly owns 3,167,466 shares of the company’s stock. These purchases were made up of 512,967 shares made during the period. The value of the company’s equity has increased to $51,441,000 as a result of these acquisitions. Shares of the firm are now held by various institutional investors, including hedge funds, to the extent of 6.27%. Regarding Sibanye Stillwater: Sibanye Stillwater Limited and its affiliated firms conduct mining operations for precious metals in various nations, including South Africa, the United States of America, Zimbabwe, Canada, and Argentina. In addition to gold and platinum group metals (PGMs), including palladium, platinum, and rhodium, the corporation is also responsible for producing byproducts such as iridium, ruthenium, nickel, copper, and chromium. These are all considered to be byproducts.
