These seven gold stocks keep hitting new highs, a sign of a bullish trend in place and gathering force for the sector. How long that can continue is anyone’s guess but, for now, those trend-following algorithms and their human programmers are not staying away from the “buy” button.
7 NYSE Gold Stocks Hitting New Highs, Again
Alamos Gold (NYSE: AGI)
The new high on Friday was $25.36 and then the stock pulled back to close at $25.15. The stock’s 50-day moving average has remained above its 200-day moving average on the whole price chart. Both measures are headed up.
The company is based in Toronto with interests in Canada, Mexico and Turkey. Market capitalization is $10.57 billion. The price-earnings ratio is 36. Alamos Gold pays a dividend of .40%.
ASA Gold and Precious Metals (NYSE: ASA)
Last week’s new high of $27.15 broke above the previous resistance level from the early February highs. The 50-day and the 200-day moving averages both trend steadily upward.
ASA is an New York Stock Exchange-traded fund managed by Merk Investments of Menlo Park, California. Market cap is a relatively small (for the sector) $510 million. Note that average daily volume is a light 62,000 shares. The company pays a .15% dividend.
DRDGold (NYSE: DRD)
The price on Friday hit a new high of $14.22 and sellers took it back down for a close of $13.89. Take a look at how the 50-day moving average has remained above the 200-day moving average for the whole chart and now moves up powerfully.
DRD is based in South Africa and has a market cap of $1.20 billion. Earnings this year are up 36% and up over the past five years 150%. Average daily volume is only 299,000 shares. The company offers a .98% dividend.
Franco Nevada (NYSE: FNV)
One of the strongest stocks in the sector, Friday’s gain of 2.14% takes the price to a new 52-week high of $153.35. In late January, the 50-day moving average crossed above the 200-day moving average, a heads-up for analysts.
The company is based in Toronto with offices in Barbados, Highland Park, Colorado and West Perth, Australia. Market cap is $29.53 billion. The price-earnings ratio for the stock is 53.47. Franco Nevada pays a dividend of .99%.
Gold Fields (NYSE GFI)
The stock hit a new high above $20.50 on Friday and then pulled back to $20.18, just below the Thursday high. Chart analysts could see the developing bullishness when the 50-day moving average in mid-February crossed above the 200-day moving average.
The South African miner has a market cap of $18.06 billion. The price-earnings ratio is 14.76. This year’s earnings are up 56.31% and up over the past five years 48.09%. Gold Fields pays a 4.30% dividend.
Triple Flag Precious Metals (NYSE: TFPM)
Last week’s new high of just above $19. takes out the previous resistance from the mid-October high of $18.75. The 50-day moving average in early March crossed above the 200-day moving average, a sign of the recent price strength.
Triple Flag is a low volume miner headquartered in Toronto with streams and royalties from operations in Australia, Peru, Columbia and Ontario. Market cap is $3.80 billion. The company offers investors a 1.16% dividend.
Wheaton Precious Metals (NYSE: WPM)
Friday’s gain of 1.51% takes Wheaton Precious Metals to a new high of $75 and keeps the 50-day and 200-day moving averages trending higher. Note how the 50-day has never crossed below the 200-day for the entirety of this chart.
Based in Vancouver, British Columbia, the company operates 18 mines looking for gold, silver, copper, lead zinc and other metals. Market cap is $33.49 billion. The stock trades with a price-earnings ratio of 54.
More analysis and commentary at johnnavin.substack.com.
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