5 Excellent Ways To Play $3000 Gold
Gold stocks are frequently forgotten when it comes to investing in precious metals. While most people are knowledgeable about purchasing the bullion, bars or options, many simply overlook the mining & exploration companies that remove the metal from the ground. Many of these companies represent excellent investments, and a good trader will find ways to incorporate them into a diversified portfolio. From this list, five gold stocks with potential are Barrick Gold Corporation (ABX), Iamgold Corp (IAG), Goldcorp Inc (GG), Newmont Mining Corp (NEM) and Allied Nevada Gold Corp. (ANV)
Barrick Gold Corp
Trading around $48.50 per share, Barrick is the largest gold miner in the world. The company is well-known even outside of investment circles, as the company does a great deal of advertising. A well-managed company, ABX has an operating margin of 46.49% and a return on equity of 19.14% while increasing its profits to $1.42, a jump of 52%.
Barrick enjoys a very solid return on its investments. By keeping production costs as low as possible, the company garners near $1,400 per ounce of gold it extracts, and it had a year-to-year quarterly revenue growth of 44.90%. The company is currently bringing up several new US-based mines; this move bodes well for future expansion. The one-year target estimate is an impressive $67.54, suggesting a potential gain over nearly 40% in the upcoming year.These strong numbers keep the company positioned to be a very good investment this year.To continue reading, click here.