Gold stocks on Friday hit new 52-week highs and a few silver stocks joined them. The precious metals sector climbed as the Chairman of the Federal Reserve Board, Jerome Powell, hinted at interest rate cuts. This, during the anual meeting of board members in Jackson Hole, Wyoming.
Economists believe that lower rates may result in increased inflation levels depending on industry sectors. This leads fund managers to pick up gold and silver stocks as hedges against such a possibility. Experts feel that the Fed may cut interest rates as soon as next month, September. Buyers of precious metals stocks have noticed.
Gold and silver stocks hit new 2025 highs
Agnico Eagle:
The Toronto-based gold miner has a market cap of $68.95 billion. The price-earnings ratio is 23. The company pays a 1.06% dividend. Agnico Eagle traded at near $77.50 in late December 2024 and now goes for $137. That’s a 76% gain.
Barrick Mining:
From near $15 in December 2024 to the present $26 amounts to a gain of 73%. Barrick’s market cap is $45.05 billion. The Toronto-based miner pays a dividend of 1.74%. Note that the relative strength indicator (RSI, below the price chart) has entered the “overbought” range.
Compania de Minas Buenaventura:
From headquarters in Peru, this miner has a market cap of $4.79 billion. The late December 2024 low was near $11.50 and it now trades for almost $19. That’s a gain of nearly 65%. Compania de Minas Buenaventura offers investors a 1.30% dividend.
Couer Mining:
This gold and silver miner has headquarters in Chicago and mines throughout North and South America. Market cap is $7.76 billion. The April low hit near $4.50 and the stock now trades just above $12 – more than a double.
El Dorado Gold:
The market cap is $4.77 billion and the price-earnings ratio is 11.80. In late February, El Dorado Gold could be purchased for near $13.50 per share. It now goes for just over $23 for a gain of 70% from the yearly low to the high.
Franco-Nevada:
The Toronto-based gold miner has a market cap of $35.66 billion. The price-earnings ratio is 45. The mid-December 2024 low was near $115 and the stock now goes for $185. Franco-Nevada pays a .82% dividend.
Hecla Mining:
This gold and silver miner is headquartered in Coeur d’Alene, Idaho. The market cap is $5.29 billion. The stock is a member of the Russell 2000 small caps ETF. Hecla Mining pays a .25% dividend.
IAMGOLD:
Market cap is $5.04 billion. The company is headquartered in Toronto. The price-earnings ratio is 6.34 and the debt-to-equity ratio is .35. IAMGOLD has mining operations in North American and West Africa.
Kinross Gold:
The low of near $9 came in late December 2024 and Friday’s high was $19.69 for an up move of 117%. Kinross Gold is based in Toronto with operations in operations in North and South America. The market cap is $23.89 billion and the price-earnings ratio is 15.79.
Newmont Corp:
The Denver-based gold miner has a $77.74 billion market cap – it’s the largest one on this list. The price-earnings ratio is 12.71. The debt-to-equity ratio is .24. Newmont pays a 1.30% dividend.
Pan American Silver:
The silver mining company – which also does some gold mining – is headquartered in Vancouver. The market cap is $11.82 billion. The price-earnings ratio is 22.65. Pan American Silver pays a dividend of 1.42%. From the December 2024 low of $19.50 to the present $32.65 represents a gain from low to high of 67%.
Sandstorm Gold Royalties:
The December 2024 low came in near $5.25. The stock now goes for $10.98 for more than a double from low to high. Sandstorm Gold has a market cap of $3.22 billion. The price-earnings ratio is 95. The last dividend payment came to .52%.
Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.
No artificial intelligence was used in the writing of this post.
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