Best Gold Stocks To Invest In Right Now

Wesdome Gold Mines (TSE:WDO) had its price objective boosted by investment analysts at National Bank Financial from C$4.00 to C$4.50 in a research note issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 30.06% from the stock’s current price. National Bank Financial also issued estimates for Wesdome Gold Mines’ FY2020 earnings at $0.39 EPS and FY2021 earnings at $0.63 EPS.

Several other analysts have also recently issued reports on the company. M Partners restated a “buy” rating on shares of Wesdome Gold Mines in a report on Tuesday, June 12th. Eight Capital increased their price target on Wesdome Gold Mines from C$3.00 to C$4.70 in a report on Monday, July 23rd. Industrial Alliance Securities upgraded Wesdome Gold Mines from a “buy” rating to a “strong-buy” rating and set a C$5.00 price target for the company in a report on Tuesday, June 12th. Desjardins increased their price target on Wesdome Gold Mines from C$3.15 to C$4.00 in a report on Wednesday, June 27th. Finally, Pi Financial lowered their price target on Wesdome Gold Mines from C$4.15 to C$3.75 in a report on Friday, September 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$4.28.

Best Gold Stocks To Invest In Right Now: McEwen Mining Inc.(MUX)

Advisors’ Opinion:

  • [By Max Byerly]

    HC Wainwright set a $5.00 price target on McEwen Mining (NYSE:MUX) (TSE:MUX) in a research report released on Friday. The firm currently has a buy rating on the basic materials company’s stock.

  • [By Max Byerly]

    Headlines about McEwen Mining (NYSE:MUX) (TSE:MUX) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. McEwen Mining earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.0570193522744 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

  • [By Logan Wallace]

    Endeavour Silver (NYSE:EXK) and McEwen Mining (NYSE:MUX) are both small-cap basic materials companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, valuation, profitability, earnings, analyst recommendations, institutional ownership and dividends.

Best Gold Stocks To Invest In Right Now: Patterson-UTI Energy, Inc.(PTEN)

Advisors’ Opinion:

  • [By Max Byerly]

    First Pacific Advisors LLC decreased its holdings in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 15.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,451,909 shares of the oil and gas company’s stock after selling 273,567 shares during the quarter. First Pacific Advisors LLC owned 0.65% of Patterson-UTI Energy worth $25,423,000 at the end of the most recent reporting period.

  • [By Tyler Crowe]

    The oil services industry, as a whole, has been a challenging one over the past few years as exploration and production companies have drastically scaled back capital spending. Within the industry, the two segments that have been some of the most difficult to make money in are drilling and pressure pumping (fracking). For Patterson-UTI Energy (NASDAQ:PTEN), weakness in these segments has been a double-whammy because they are Patterson’s two largest businesses. This past quarter was particularly tough because many producers finished their capital spending plans for 2018 early and might not start back up again until later in 2019.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Gold Stocks To Invest In Right Now: Costco Wholesale Corporation(COST)

Advisors’ Opinion:

  • [By Evan Niu, CFA]

    The wholesale warehouse chain is the most relevant comparison, as Costco (NASDAQ:COST) operates a global network of retail locations that similarly sells everything under the sun at aggressive price points. At the end of the last quarter, Costco had a total of 92.2 million cardholders that it counts as members.

  • [By Paul Ausick]

    For the past several years, Costco Wholesale Corp. (NASDAQ: COST) has teamed up with General Motors Co. (NYSE: GM) to offer Costco club members special pricing on new GM vehicles through the Costco Auto Program. The 2018 holiday season event begins Tuesday, October 2, and runs through January 2, 2019.

  • [By Demitrios Kalogeropoulos]

    The subset of companies that can routinely outgrow competitors — both physical and digital — is an exclusive club. Below, we’ll look at three major retailers that fit that model. Home Depot (NYSE:HD), Costco (NASDAQ:COST), and TJX Companies (NYSE:TJX) have each demonstrated a knack for boosting market share while generating consistently healthy returns for investors.

  • [By Stephan Byrd]

    Traders sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading on Wednesday. $56.79 million flowed into the stock on the tick-up and $82.74 million flowed out of the stock on the tick-down, for a money net flow of $25.95 million out of the stock. Of all companies tracked, Costco Wholesale had the 27th highest net out-flow for the day. Costco Wholesale traded up $0.67 for the day and closed at $229.21

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