Pre-Market: 9:16AM EST
|Bid||34.45 x 1400|
|Ask||34.60 x 3100|
|Day's Range||33.80 - 34.69|
|52 Week Range||14.56 - 34.69|
|Beta (3Y Monthly)||-0.62|
|PE Ratio (TTM)||34.52|
|Forward Dividend & Yield||0.12 (0.37%)|
|1y Target Est||N/A|
Lower prices for polyethylene and PVC resin and higher fuel and ethane feedstock costs hurt Westlake Chemical's (WLK) Q4 results.
Agnico Eagle's (AEM) bottom line in Q4 hurt by impairment losses. For 2019, it projects gold production at 1.75 million ounces.
Kinross' (KGC) Q4 results gain from Tasiast Phase One expansion. The company attains cost, production and capital guidance for 2018.
Goldcorp's (GG) Q4 results gain from lower costs amid declining production. For 2019, it expects to produce 2.2-2.4 million ounces of gold at AISC of $750-$850 per ounce.
Lower volumes affected Chemours' (CC) results in Q4. The company sees adjusted earnings per share in the range of $4.00-$5.05 for 2019.
Kirkland Lake Gold (KL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CF Industries (CF) saw lower overall volumes in Q4. It sees strong nitrogen fertilizer demand in North America in the first half of 2019.
TORONTO, Feb. 13, 2019 -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that the Company will release its.
As concerns about the health of the global economy are starting to make themselves known, one asset class has started to shine in a big way. We're talking about precious metals and gold stocks. The price of gold has steadily climbed and is now around $1313 per ounce. For the various gold stocks, this is a huge blessing. After suffering from low gold prices for years, the steady climb is great news for the sector's bottom line. That's because the gold stocks make money on the difference between what it costs them to produce and what gold is trading at. The difference between the two price points is generally all profit for the major mining firms. So, the higher gold goes, the more money the miners will make. With increasing volatility and uncertainty in the world as well as rising M&A, the gold stocks are sitting pretty in the current environment. Gold should stay steady and increase as the world's economy begins to slow. Then it will be all gravy for the various gold mining stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 9 Best Stocks to Invest In During a Manic Market But which ones could be the best? Here are five gold stocks that should add some shine to a portfolio. Source: Jeremy Vohwinkle via Flickr (Modified) ### Barrick Gold (GOLD) When it comes to gold stocks, bigger is often better. As a miner, you can use scale to reduce costs and boost efficiency at your mines. And with gold prices rising, the largest mining stocks are able to pull in a bigger spread when comes to all-in cash costs. So, when one of the biggest gold miners gets that much bigger, you pounce on the opportunity. In this case, we're talking about Barrick Gold (NYSE:GOLD) GOLD was already a top-dog in the sector, but it's getting even better. At the end of 2018, Barrick made the bold move to acquire rival Randgold Resources. This buyout created the world's biggest gold mining firm. Combined the new company will own five of the world's top tier one gold mines. Tier one mines are prized as they are large, low-cost and have very long life-spans. The combination will help drive future profitability and production. Speaking of that profitability, Barrick is already doing well in the current gold environment. All-in cash costs clocked in at $813 per ounce of gold for the first three months of 2018. With gold averaging nearly $1250 over that time, GOLD has been able to feast on the difference. Full year results including Randgold will be released at the end of February. With a strong and growing dividend, lower cost potential and higher selling prices, Barrick is simply one of the best gold stocks to own. Source: Shutterstock ### Kirkland Lake Gold (KL) Kirkland Lake Gold (NYSE:KL) is a relative newcomer in the sector, but it's already moving up the gold stocks ladder to be a huge winner and attract major investor attention. KL owns four producing mines in Canada and Australia. And that's a good place to be. With safety and standard mining rules in place, KL has been able to see some huge results in its short life-span. The firm's strong production has it on pace to mine roughly 670,000 oz of gold this year. That's a nearly 13% increase of 2017 numbers. For the full-year 2019, Kirkland expects that number to jump an additional 15%. Meanwhile, the gold stocks mines are pretty low cost as well. Back in 2016, when it was ramping up its mines, KL's cash cost was around $930. For full-year 2018, management at the gold miner expects that number to fall to just $760 and $680 for all of 2019. Pulling more production at higher selling prices while your cost is falling is a recipe for success. No wonder why Kirkland stock surged by more than 60% last year. But with some of the best metrics in the entire sector and continuing rising gold prices, KL stock should be a winner over the rest of the year. * 3 Red-Hot Stocks (And 3 That Aren't) For investors, Kirkland may be unknown, but it won't stay that way for long. Source: Bullion Vault via Flickr (Modified) ### Coeur Mining Inc (CDE) Truth be told, Coeur Mining (NYSE:CDE) has long been the red-headed stepchild of the mining sector. The silver producer has typically been a penny stock and hasn't really produced great returns for long term investors. However, the firm's recent move -- and its 15% jump in January -- are looking to change that. Historically, CDE has been a silver miner. But over the last few years, the mining firm has ramped-up gold production. Today, the yellow metal makes up more than 59% of CDE's production. That's a complete flip-flop with silver over the last decade -- which is good for CDE because gold provides better margins. And speaking of those margins, Coeur has been able to release lower costs as well. Since 2014, CDE has been able to reduce its all-in costs at its five mines by more 20%. With gold and silver prices rising, CDE's lower cash costs will allow to pull in more per oz going forward. This helps explain why the stock has rocketed higher since the start of the year. And it could keep going. With a strong balance sheet, plenty of reserves in the ground and expansion plans on the table, there's no reason why this silver producer turned gold stock won't see gains. It's certainly a riskier play than Barrick or even Kirkland, but the reward could be greater. Source: Karangahake Gorge Tunnel (New Zealand) via Flickr (Modified) ### Agnico-Eagle Mines (AEM) Shortly after Barrick purchased Randgold, other big-time gold stock Newmont (NYSE:NEM) made an offer for Goldcorp (NYSE:GG). Gold stocks are now M&A targets. The question is, who could be next. The answer very well could be Agnico-Eagle Mines (NYSE:AEM). AEM owns eight mines are located in Canada, Finland and Mexico. These mines feature high-quality and easy-to-access ore. That's helped Agnico-Eagle have some of the lowest all-in cash costs in the industry. According to AEM, the vast bulk of its current mineral reserves are able to be mined at total cash costs below $900 oz. And that number continues to fall as several other expansion efforts come online in the next year or two. All of this has helped AEM become a top-tier miner that features plenty of cash flows and a growing dividend. This makes it very attractive to larger rivals looking to instantly beef up their holdings with high-quality gold reserves. And with a market cap of only around $10 billion, the gold miner is very easy to swallow. And even if a buyout doesn't happen, AEM is still one of the best gold stocks to hold in a rising price environment. * 4 Brazilian Stocks to Buy as the Emerging Market Pauses For investors, AEM is the total package of potential and current gains. Source: Shutterstock ### iShares MSCI Global Gold Miners ETF (RING) Given the opportunities for many gold stocks to see gains with higher prices, perhaps a broad approach is best. Typically, the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is the first stop when it comes to broad gold mining stock exposure. However, the iShares MSCI Global Gold Miners ETF (NASDAQ:RING) may be a better fund. RING and GDX track similar indexes of global gold producers. However, RING is slightly more concentrated with just 37 different miners versus GDX's nearly 60. That concentration hasn't hurt the performance of RING. Over the last three years, the average annual return for the ETF has clocked in at around 16%. That's roughly equal to GDX's performance over that time. But over the long haul, RING's edge comes down to expenses. RING only charges 0.39% or around $39 per $10,000 invested. Meanwhile, GDX's expense ratio clocks in at 0.53%. All things being equal -- and for the most part, in this case, they are -- RING should be able to outperform GDX as GDX has a larger expense drag. Even better is that RING is available to trade commission free at many brokerage firms such as Fidelity. Given the lower fees and potential to save on trading commissions, investors looking to broadly play the gold stocks may want to pick the smaller RING over the popular VanEck fund. At the same of writing, Aaron Levitt did not hold a position in any of the stocks mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Won Super Bowl Sunday * 7 High-Yield ETFs for Brave Investors * 10 F-Rated Stocks That Could Break Your Portfolio Compare Brokers The post 5 Gold Stocks That Should Glitter in 2019 appeared first on InvestorPlace.
Usually, the new year brings hope for both personal and societal development. However, in President Donald Trump's highly contentious administration, most folks arguably have trepidation. Certainly, the markets are providing no favors, wavering between fear and greed over the past few months. In such circumstances, finding the best stocks to invest in presents extraordinary challenges. If I didn't have a protocol to abide by, I could write short novels about every fundamental headwind. But to keep it brief, we can summarize the mania on Wall Street with one word: ambiguity. While some factors suggest that the U.S. is on the recovery track -- making American blue chips the best stocks to buy -- other indicators propose caution. For instance, benchmark indices ticked up recently due to a spate of corporate earnings releases. So far, we've seen several organizations post better-than-expected results. That tempts the case for blue-chip stocks to invest in. But on the other hand, the percentage of earnings-beaters is below the trailing five-year average, according to Factset. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Another pressing issue is the fractious discourse in Washington. Congressional negotiators must reach an agreement about border security quickly. If the controversial issue falls into an impasse, the American people, particularly federal workers and service members, will again suffer an embarrassing and painful government shutdown. On top of that, we still have trade tensions with China. While U.S. and Chinese officials recently met for talks, government representatives from either side have disclosed nothing substantive. The president remains hopeful that he can hash something out with his counterpart, Chinese President Xi Jinping. But talking is one thing; doing is quite another. * 7 Stocks That Won Super Bowl Sunday In that respect, it's advisable not to go to gung-ho at this juncture. That being said, here are the nine best stocks to invest in for a manic market: Source: Shutterstock ### Duke Energy (DUK) When you flip the switch, you expect the lights to turn on. Anything else in this digitally integrated society is an unacceptable failure. That's why in uncertain times, the best stocks to invest in are found in the utility sector. And within this category, Duke Energy (NYSE:DUK) stands out. While so many other companies failed to generate any momentum last year, DUK stock offered a much-needed respite for investors. After absorbing a sharp dip in January, shares gained almost 18% between February and December. It's still maintaining that momentum this year, while also paying out a generous 4.2% dividend yield. Admittedly, DUK made unfortunate headlines recently after a regulatory agency fined the utility firm for cybersecurity violations. While the optics look bad, also note that Duke self-reported a majority of the violations. Moreover, I doubt that a fine will ultimately detract from the company's strong fundamental case. Source: Shutterstock ### Verizon Communications (VZ) Next in line among the best stocks to invest in are telecommunications companies. Like the utilities sector, people today have basic expectations about their smart devices and internet connectivity. Additionally, telecom firms usually pay out a handsome dividend, offering shelter and protection during uncertain times. This is an accurate descriptor for Verizon Communications (NYSE:VZ). One of the biggest telecoms in the world, VZ currently has a 4.5% dividend yield. Moreover, it has escaped the worst of the volatility last year, even compared against other telecoms. In 2018, VZ gained a respectable 11%. * 10 F-Rated Stocks That Could Break Your Portfolio Best of all, Verizon is a leader in the emerging 5G network. Last October, VZ became the world's first commercial 5G provider. While much work remains, levering that first-to-market advantage could prove pivotal. Source: Meal Makeover Moms via Flickr (Modified) ### Campbell Soup (CPB) Food companies represent some of the best stocks to buy during ambiguous market phases for an obvious reason: people have to eat. Indeed, no other commodity is as intricately linked to survival as food. That said, we also eat for enjoyment, bolstering the case for Campbell Soup (NYSE:CPB). I concede right off the bat that other, potentially superior options exist. After all, CPB stock hemorrhaged over 29% in 2018. The fact that shares are up over 5% year-to-date doesn't justify putting CPB in a list of stocks to invest in. Plus, one of the bearish catalysts is poor soup sales, a killer when your name is Campbell Soup. That said, I think the volatility is overdone. We're seeing a significant tick up in revenue as Campbell leverages its other food and beverage brands. Plus, that 4% dividend yield looks mighty attractive right now. Source: Bullion Vault via Flickr (Modified) ### Kirkland Lake Gold (KL) It's the ultimate defensive investment. Not subject to central-banking authorities, gold remains impervious to devaluation. Instead, if the worst happens, gold could theoretically replace any currency as a universally accepted form of payment and value. Of course, lugging around gold bars is neither practical nor safe. For those who want to have the convenience of equity ownership and the profitability potential of an exciting market sector, you should consider Kirkland Lake Gold (NYSE:KL). KL is one of the best stocks to invest in among gold miners, levering a market capitalization nearing $7 billion. * 7 S&P 500 Stocks to Buy That Tore Up Earnings A highlight for KL stock is an explosion in revenue and profitability metrics in recent years. As a result, shares have skyrocketed over 23% YTD. While you're admittedly buying into strength, I believe gold prices are on a resurgence due to the fear trade. If so, put Kirkland in your list of stocks to buy. Source: Mike Mozart via Flickr ### H&R Block (HRB) Out of the stocks mentioned on this list, H&R Block (NYSE:HRB) likely perplexes people the most. With so much talk about changing the tax code last year, this catalyst should boost HRB stock. Plus, with tax season coming up, you'd expect a decent showing. Unfortunately, that's not what's going on at all. Since the January opener, HRB has dropped nearly 6%. A weak technical response to the volatility suggests more nearer-term pressure. So what's the deal here? While the president did push for change, it's the type that doesn't favor H&R Block; namely, a simpler tax code. That's a death sentence for a company that thrives on making complex tasks easier for clients. But not so fast! In the digital age, we're witnessing a growing transition towards contract work in the labor market. Essentially, these folks are in business for themselves, which requires a complicated tax procedure. HRB presents risks and requires patience, but it's something to check out. Source: Shutterstock ### AMC Entertainment (AMC) In the streaming age, you'd expect cineplex operators like AMC Entertainment (NYSE:AMC) to stumble. Indeed, AMC stock in the past caused stakeholders substantial pain. Even recently, shares have disappointed, along with most other retail-related organizations. However, during a period of ambiguity and trepidation, AMC represents one of the best stocks to invest in. Primarily, people seek escapism during troubled times to cope with everyday realities. Not only does AMC provide that opportunity, it does so cheaply relative to other forms of entertainment. As I mentioned last summer, going to the movies is much cheaper than attending either a football or baseball game. * 7 Stocks With Too Much Riding On China Here's the kicker: the film industry still offers financial viability. It's not that people aren't going to the big screen. Rather, they wish to see certain types of films, typically comic-book based or science-fiction blockbusters. Fortunately, companies like Disney (NYSE:DIS) and Sony (NYSE:SNE) are giving movie-goers exactly what they want, thereby lifting AMC. ### Vector Group (VGR) As we head into the speculative portion of our list of stocks to invest in, I like Vector Group (NYSE:VGR) for anyone who doesn't mind ramping up the risk. VGR stock provides exposure to multiple cigarette brands, as well as the e-cigarette brand, Zoom E-Cigs. This is an incredibly cynical argument but let's be real: smoking cigarettes represents a quick and easy distraction from stress. I know a few colleagues who have smoked like a chimney over the last two years for understandable reasons. Plus, with the way things are going, we may see a natural rise in interest in vice stocks. Of course, if you're a conservative investor, you should opt for the traditional names: Philip Morris International (NYSE:PM), Altria Group (NYSE:MO) or British American Tobacco (NYSE:BTI). However, if you want upside potential along with exposure to e-cigarettes, I'd look carefully at VGR. Source: Shutterstock ### Constellation Brands (STZ) Unlike tobacco, alcohol represents a universal vice. In both personal and professional functions, going out for drinks is commonplace. Invariably, should market conditions become even more fractured, we're likely to see a spike in imbibing. Therefore, Constellation Brands (NYSE:STZ) is one of the best stocks to invest in at this juncture. More importantly, STZ stock benefits from demographic trends. Younger people increasingly gravitate towards spirits and wines, areas in which Constellation Brands specializes. This consumer behavior is especially noticeable among women. Additionally, when young drinkers try beer, they prefer higher-quality variations. Again, STZ provides expertise in this department. * 10 Stocks to Sell in February Finally, we can't ignore the obvious: Constellation Brands has a significant stake in Canopy Growth (NYSE:CGC). When it comes to easing the edge off a tough day at the markets, cannabis offers the perfect release. Not that I would know or anything… Source: Stephen Z via Flickr ### Sturm Ruger (RGR) As a firearms manufacturer, Sturm Ruger (NYSE:RGR) finds itself in multiple controversies. However, as a form of escapism and stress management, RGR is one of the best stocks to buy. Firing off a few rounds with an AR-15 is exhilarating, and makes you appreciate the fragility of life. But that's not the reason why I like RGR stock. Instead, I believe Ruger offers a profitable way to advantage rancor in Washington. Specifically, I have doubts that Trump and the Republicans can pull off a surprise victory come 2020. Undoubtedly, many of you are happy to hear that. But a sizable portion of the American electorate loves Trump, and even more so, love their guns. Any threat to the Second Amendment almost guarantees a spike in firearm sales. That threat has a name: Senator Kamala Harris. To many gun advocates, Harris is as liberal as the day is long. The National Rifle Association rates her very poorly on firearms rights. Obviously, Harris is bad news for Ruger gun owners. However, she's a godsend for Ruger stakeholders! As of this writing, Josh Enomoto is long gold, AMC and SNE. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 F-Rated Stocks That Could Break Your Portfolio * 5 Fintech Stocks to Buy As This Mega Trend Gains Steam * 10 Cold Weather Stocks to Heat Up Your Returns Compare Brokers The post The 9 Best Stocks to Invest In During a Manic Market appeared first on InvestorPlace.
IBD 50 member and top growth stock Kirkland Lake Gold has made nice money for those who bought it at the breakout. Now, a key sell signal has triggered.
The Dow Jones Industrial Average dropped 0.84 percent to close at 24,528.22, while the S&P 500 declined 0.78 percent to settle at 2,643.85. The Nasdaq was down 1.11 percent to close at 7,085.68. The stock recorded a trading volume of 1,311,214 shares, which was above its three months average volume of 1,112,618 shares.
In his first Executive Decision segment on "Mad Money" Thursday, Jim Cramer spoke with Tony Makuch, president and CEO of Kirkland Lake Gold Ltd. Kirkland Lake Gold is a gold miner with shares that have doubled since mid-2017, and we looked at its charts late last year. Makuch said Kirkland Lake Gold has had strong growth in earnings per share and the company continues to increase production with higher grades of gold, making that increased production even more valuable.
Jim Cramer gets Kirkland Lake Gold President and CEO Tony Makuch's take on recent, high-profile deals in the gold market.
TORONTO, Jan. 08, 2019 -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced record levels of quarterly and annual.
In this daily bar chart of KL, below, we can see an uptrend from the February low with prices nearly doubling. KL is above the rising 50-day moving average line and the bullish 200-day average line. The daily On-Balance-Volume (OBV) line shows a slow rise from February to early August and then a more dramatic rise from September.
Jim Cramer gets Kirkland Lake Gold President and CEO Tony Makuch's take on recent, high-profile deals in the gold market.