3 Gold Stocks We Should Buy While Prices Are Down

Western investors have been selling off their gold holdings, and a significant amount of gold is moving from the West to Asia to fulfill their expanding demand. However, problems with logistics are causing precious metals to not get to the East quickly enough. As a result, gold and silver are selling at unusually large premiums in Asian markets. And when rates in the West fluctuate, Asians buy more gold, steadying prices and helping gold to return to the West.

The price of gold fell to below $1,700 per ounce last week. Fearing that stringent monetary policies by international central banks could send global markets into a recession, the more anxious traders are looking for safety. The practical trader would likely surmise that at some point, the economy will recover, allowing for the enviable chance to buy stocks – right now – while they are sometimes drastically undervalued (stocks trading at prices that are cheap relative to their valuation).

I’ve picked three in particular that are discounted, poised for future success, and pay dividends; a bonus, if nothing else. Economists agree that investors should buy these very timely tickers:

Agnico Eagle Mines Ltd (AEM)

Agnico Eagle Mines Ltd (AEM) is a gold exploration and producing company. The LaRonde, Lapa, LaRonde Zone 5, Goldex, Meadowbank, and the Canadian Malartic joint venture are all part of AEM‘s Northern Business sector. The Pinos Altos, Creston Mascota, and La India mines are impressive features of AEM‘s Southern Business division. AEM‘s Exploration practice includes offices in the U.S., Canada, Latin America, and Europe. Paul Penna created the firm in 1957, headquartered in Toronto, Canada.

AEM is most certainly one of the better options right now when it comes to gold mining stocks. AEM knows its business well and has the support of thirty-one hedge funds. For 2022’s first two fiscal quarters, AEM has easily beaten Wall Street’s earnings projections: For Q1, AEM beat EPS by 26.79% and revenue by 1.11%, and most recently, for Q2, it beat EPS and revenue by margins of 59.61% and 5.69%, respectively. AEM currently has a dividend yield of 3.86%, with a quarterly payout of 40 cents per share. According to the analysts who provide annual pricing estimates, AEM has a consensus median price target of 62.34, with a high estimate of 104.72 and a low of 50.00This estimate indicates a 50.21% increase from its most recent price, and analysts are confident in its buy rating.

Kinross Gold Corp (KGC)

Kinross Gold Corp (KGC) is a gold producer that acquires, explores, and develops gold resources. KGC has mining activities in the United States, Chile, Brazil, Russia, Mauritania, and Ghana. KGC’s Kupol business division includes the Kupol and Dvoinoye mines, where it primarily operates. Non-operating assets, non-mining assets, and other operations are included in KGC’s “Corporate & Other” division. Robert MacKay Buchan founded KGCfounded KGC on May 31stst, 1993, and it is headquartered in Toronto, Canada.

KGC, although having some mixed earnings results this year, is still highly regarded among experts. KGC is one of the S&P 500 Composite Index’s top 25 undervalued stocks. Combine that with KGC’s optimistic outlook, and you have a very attractive stock. Year-over-year, KGC shows growth figures that are, at the very least, moving in the right direction. KGC has a quarterly EPS growth of 145.58%, with revenue growth at 16.05% and Cost of Revenue growth at 35.86%. In the third and fourth fiscal quarters of last year, KGC gave a taste of their promise, with the EPS Q3 and Q4 forecasts being exceeded by margins of 38.91% and 36.59%, respectivelyKGC presently has a dividend yield of a 3.29%, with a 3 cents per share quarterly payout. Thanks to the analysts who provide 12-month pricing estimates, KGC has a consensus median price target of 6.09, with a high of 7.77 and a low of 3.50. The forecast shows an impressive 67.14% increase over current pricingRegardless, it looks as if we should trust in the promise of KGC and its buy rating.

Franco-Nevada Corp (FNV)

Franco-Nevada Corporation (FNV) is a gold-focused royalty and streaming firm with operations in Latin America, Canada, the United States, and other countries. FNV operates through two business segments: mining and energy. FNV‘s portfolio is managed with an emphasis on precious metals, such as gold, silver, and platinum group metals. FNV is also involved in energy, including oil, gas, and natural gas liquids. FNV was established in 1983 and is based in Toronto, Canada.

With shares held by 25 distinct hedge fundsFNV‘s vast portfolio offers excellent growth prospects in silver, gold, oil & gas, and other commodities. FNV is certainly undervalued, even being in the triple digits. Now that I think of it, from these three stocks comes one priced at a single digit, one at double digits, and now FNV. Its year-over-year numbers are modest but moving positively, and are consistent across the board: Revenue +1.53 Net Income +12.09%;  EPS +10.87;  Net Profit Margin +10.4%FNV has a dividend yield of 1.04%, with a quarterly payout of 42 cents per share owned. The financial analysts that put together yearly stock price estimates have given FNV a consensus median price target of 160.00, with a high of 178.00 and a low of 112.00. The estimate shows a price increase of 36.19%, and there are more than enough reasons for us investors to consider FNV stock carefully, a stock whose buy rating feels well-earned. 

Read Next – A gold storm is coming

In just the past few weeks, a number of strange events have begun to play out in the world…

  • 50% of employers expect to lay workers off in the next 12 months… 
  • 20 million American households are late on their utility bills… 
  • Insiders are selling stocks faster than they have in months… 
  • To make matters worse, experts are warning an unpredecented global food crisis is emerging.  

Together, all of this is likely setting up what one gold expert believes will result in a “gold storm

Stansberry Research is one of the most highly-respected research firms in the world.

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And yet, even the most prepared Americans – including many retirees – could be blindsided by what’s about to happen.

Which is why we’re posting our full, brand-new warning to the public on our website right here.

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