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🔥 Five «gold» companies: what to buy in 2023
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👉 Gold is always used for medium-term hedging - it is worth investing in «gold» stocks during the period of the threat of a global recession and political instability. We offer companies that mine real, not «exchange» gold.
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• Newmont Corporation (NYSE: NEM)
So far, the earnings per share are $0.27, which is slightly lower than the forecast (-$0.07), but analysts are confident that the corporation will fulfil its headline forecast of 6.0 million conventional ounces of gold. The first target is $58–59.50, the maximum is $70.
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• Agnico Eagle Mines Limited (NYSE: AEM)
After the company warned of rising costs in 2023, the stock price declined slightly, creating an attractive entry point. The corporation has strong growth potential due to active investments in production. Earnings per share of $0.41 (in line with forecast) and Q4 revenue up 45% year on year to $1.38 billion. The first target is $60.00-61.50, with a high of $69.50-70.
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• Barrick Gold Corporation (NYSE: GOLD)
Q4 results are not super positive, although earnings per share are slightly better than expected. An approximately $1.0bn share buyback has been announced. The forecast dividend yield is 31.5%. The probability of further decline by $0.50-0.70 is high, but medium-term deals can be opened at current levels. The first target is $21.00-22.50, then $27.00-27.50.
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• Kinross Gold Corporation (NYSE: KGC)
Technically, the price of these inexpensive dividend stocks has strong upside potential. Earnings per share were better than forecast, with Q4 revenue of $1.08 billion (up $30 million from forecast). The first target is $5.06-5.30, the maximum is $6.7-6.75.
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• Wheaton Precious Metals Corp. (NYSE: WPM)Investors with average capital pay attention to these securities and are ready to patiently wait for dividends. The first target is $50.80, the next is $69.
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As a reminder, gold is a very volatile asset, so risk control must be tight.
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Profits to y’all!