Gold stocks, when measured by market capitalization, put Newmont Corp (at $91 billion), Agnico Eagle (at $81.08 billion) and Barrick Mining (at $56 billion) at the top of the list. These name provide the big money managers with the kind of liquidity they like â big orders can get filled without much hesitation.
Gold stocks with smaller capitalizations receive less interest in the financial media even though some have decent valuations and remain in general uptrends like the big names. These âjuniorâ miners, as theyâre sometimes called, can add diversification to a precious metals portfolio â or to any type of portfolio.
Gold and silver stocks, 4 âjunior” miners
The AMEX-traded firm has a market capitalization of $9.15 billion. This yearâs earnings are up 124% and theyâre down over the past three years by 24%. The debt-to-equity ratio is .35. Corporate offices are located in Vancouver, British Columbia. Its operating mines are located in Canada, the United States, Nicaragua and Brazil.
The price peaked in October near $13, up from the April low of near $5.50. Since the top, it dropped to just below $10.50 and has now bounced back to $11.71. Equinox Gold now trades above its uptrending 50-day moving average (the blue line) and remains well above its uptrending 200-day moving average (the red line).
The market cap for New Gold is $5.57 billion. The Toronto-based company operates mines in Canada and Mexico. The price-earnings ratio is 22 and at 4.49 times book value. The debt-to-equity ratio is .32. This yearâs earnings are up 190% and down over the past three years by 12.91%.
The stock peaked at the beginning of November near $7.75 and closed on Friday at $7.03 after a
Market cap for this AMEX-traded, Vancouver-based mine is $642,.94 million. The price-earnings ratio is 29.53 and the debt-to-equity ratio is .03. Earnings this year are up 183%. Although gold and silver make up the company name, Avino also mines copper.
Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.
No artificial intelligence was used in the writing of this post.
More analysis and commentary at johnnavin.substack.com.