These 4 NYSE Gold And Silver Stocks Just Hit New 52-Week Highs
While well-known tech stocks were bouncing just a little off their recent sell-off lows, these little mentioned and mostly ignored miners managed to hit higher highs. They fall into the “materials” sector by those who keep track of genre, but these involve a different kind of material and fall into a class of their own: the precious metals stocks.
The underlying metal did not make a new high this week but these 4 gold mining stocks established brand new yearly high prices. That means they continued a run that has out-performed the mighty big tech stocks. Apple AAPL , Amazon AMZN , Microsoft MSFT , Google GOOGL and Tesla TSLA failed to make new highs this week.
Here are the 4 precious metals stocks that got there:
Freeport-McMoran FCX mines primarily for copper but they find a lot of gold when they do that. Earnings were way off last year but analysts say this year’s earnings are likely to be very good. The 5-year record remains positive.
The company has more long-term debt than shareholder equity. The current ratio is a positive 2.5. Freeport traded at 5 during the March lows and now goes for 16. They’re headquartered in Phoenix, Arizona with operations all over the world.
Fortuna Silver Mines is based in Vancouver, British Columbia with operations globally including in Peru, Mexico and Argentina.
Earnings are good this year, expected earnings for next year look weak, according to analysts. The 5-year record is in the green. Fortuna hit a low of 1.50 back in March and has rallied up to above 7 as of this week. The short float is a relatively high 5%.
Pretium Resources is a gold miner headquartered in Vancouver, British Columbia. They don’t have a 5-year earnings record yet since the company hasn’t been around that long.
This year’s earnings are good and analysts say next year’s look good as well. Pretium traded at 4 when the March lows got hit and now goes for 13. At about 6%, the short float suggests some investors have questions. That’s a 51-week high (not 52) but I’m counting it as close enough.
Sibanye Stillwater mines for gold and other precious metals with corporate offices in South Africa. The past 5-year record of earnings is negative, however this year has been quite good.
The company’s long-term debt exceeds shareholder equity. The current ratio is positive at 2.o. Sibanye Stillwater has gone from the March low of 4 to the current price of 13. The short float is 3.44%.
These are not buy recommendations. They’re interesting candidates for further research based on their ability to hit new all-time highs at a time other more widely-followed popular tech stocks have proven unable to do so. Whether this type of bullish action can continue is always subject to question.
Stats courtesy of FinViz.com.
I do not hold positions in these investments. No recommendations are made one way or the other. If you’re an investor, you’d want to look much deeper into each of these situations. You can lose money trading or investing in stocks and other instruments. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor.