Goldcorp Inc. (NYSE: GG) is one of the best gold stocks to buy this year, with returns expected to be as high as 60.7% by May 2018.
Video3 Catalysts That Will Boost Gold Prices in 2017
The company’s profit margin is projected to grow significantly as gold prices keep rebounding from their recent $1,216 low on May 9.
You see, although gold is up 9.1% to $1,256 year to date, it cratered 6% from $1,294 on April 18 to $1,216 on May 9. Today, we’re going to go over why gold prices were down recently and why they’re poised to rebound 11.5% from their current price to $1,400 by the end of the year. Then, we’ll get into why GG stock is the best gold investment of 2017.
Here’s everything you need to know about the price of gold in 2017…
Why Gold Will Rebound from the Recent Drop
There was one big reason behind the sharp decline: the outcome of the French presidential election.
On May 7, centrist candidate Emmanuel Macron won the second and final round of the race over right-wing candidate Marine Le Pen. Macron secured a big lead over Le Pen during most of the election, which reassured investors there would be no market volatility.
Hot Gold Stocks To Own For 2019: TrueBlue Inc.(TBI)
- [By Logan Wallace]
Get a free copy of the Zacks research report on Trueblue (TBI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
American Century Companies Inc. grew its holdings in shares of Trueblue Inc (NYSE:TBI) by 24.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 95,307 shares of the business services provider’s stock after purchasing an additional 18,680 shares during the period. American Century Companies Inc. owned approximately 0.23% of Trueblue worth $2,468,000 as of its most recent SEC filing.
- [By Joseph Griffin]
Trueblue Inc (NYSE:TBI) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.50.
- [By Stephan Byrd]
Russell Investments Group Ltd. grew its stake in Trueblue Inc (NYSE:TBI) by 21.2% during the first quarter, HoldingsChannel reports. The fund owned 137,178 shares of the business services provider’s stock after purchasing an additional 23,951 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trueblue were worth $3,553,000 at the end of the most recent quarter.
Hot Gold Stocks To Own For 2019: Del Frisco's Restaurant Group, Inc.(DFRG)
- [By Lisa Levin]
Del Frisco's Restaurant Group Inc (NASDAQ: DFRG) was down, falling around 13 percent to $14.70 after the company reported downbeat quarterly earnings and announced plans to acquire Barteca Restaurant Group for $325 million in cash.
- [By Lisa Levin]
Del Frisco's Restaurant Group Inc (NASDAQ: DFRG) was down, falling around 14 percent to $14.58 after the company reported downbeat quarterly earnings and announced plans to acquire Barteca Restaurant Group for $325 million in cash.
- [By Rick Munarriz]
Dave & Buster’s Entertainment (NASDAQ:PLAY), Habit Restaurants (NASDAQ:HABT), and Del Frisco’s Restaurant Group (NASDAQ:DFRG) are three stocks in this space that I feel offer healthy upside at current levels. All three are trading below their highs, but there are good reasons why they should be worth more than they are at the moment. Pull up a seat. I’ll serve you this three-course meal.
Hot Gold Stocks To Own For 2019: Franco-Nevada Corporation(FNV)
- [By Tyler Crowe, Reuben Gregg Brewer, and Travis Hoium]
For people looking to build wealth, penny stocks simply aren’t worth it. You’re better off pursuing well-run businesses and letting the power of their earnings grow your position over the long haul. So we asked three of our Motley Fool investors to choose stocks they like right now that would be good alternatives. Here’s why they picked Cleveland-Cliffs (NYSE:CLF), Apple (NASDAQ:AAPL), and Franco-Nevada Corporation (NYSE:FNV).
- [By Maxx Chatsko]
It’s also treated Royal Gold (NASDAQ:RGLD) and Franco-Nevada Corp (NYSE:FNV) shareholders pretty well, with total returns of 98% and 107%, respectively, in the last five years, compared to 88% for the S&P 500. They’ve been pretty evenly matched recently, but is one gold streaming stock a better buy going forward?
- [By Dan Caplinger]
Franco-Nevada (NYSE:FNV) went public in the U.S. market more than a decade ago, and over that time, the company has established itself as a major player in an important niche in the natural resources industry. Franco-Nevada neither mines gold nor drills for oil, but by helping to finance projects that mining companies and oil drillers want to pursue, it ensures it can get a cut of the profits. That’s been a winning business model lately, and throughout its history as a publicly traded company, Franco-Nevada has stood out for one thing that it’s done consistently well: paying and raising its dividend regularly over time.
- [By Reuben Gregg Brewer]
This, however, is where streaming company Wheaton Precious Metals (NYSE:WPM)and its peers Royal Gold (NASDAQ:RGLD) and Franco-Nevada (NYSE:FNV)come into play. Streaming companies provide cash up front to miners for the right to buy gold and silver in the future at reduced rates. Often miners use the money to build new mines. Wheaton provided $625 million in cash to Barrick for the development of Pascua-Lama. That is just one of 10 development projects in which Wheaton has invested. Its portfolio also contains 17 operating mines.
- [By David Zeiler]
“If you look back to the 70s, 80s and 90s, in every of those decades the industry found at least one 50+ million ounce gold deposit, at least ten 30+ million ounce deposits and countless five to 10 million ounce deposits. But if you look at the last 15 years, we found no 50 million ounce deposit, no 30 million ounce deposit and only very few 15 million ounce deposits,” Pierre Lassonde, chair of gold royalty and income stream company Franco-Nevada Corp. (NYSE: FNV), told German financial newspaper Finanz und Wirtschaft last October.