The shine has come off gold stocks. After starting the year on a tear, they plummeted in recent weeks, along with the price of the precious metal. The primary reason is the concern that inflation is rising along with the costs of oil and this could lead the U.S. Treasury to raise interest rates in an effort to curb that inflation. The price of gold tends to decline during periods of inflation. Gold doesn't pay dividends or earn interest, so when inflation stays high, central banks, such as the U.S. Feder ...

We also offer income-focused picks for those who prefer lower-risk firms with steady dividend payouts. Our 10-year track record proves the ability of our analyst team to outperform across all market conditions.Value Investor's Edge provides the world's best energy, shipping, and offshore market research. Over the past decade, we have achieved an annualized return of almost 40% with a long-only model portfolio return of over 23x.I am mostly a trader engaging in both long and short bets intraday and occasiona ...

Core Insights - The world's largest mining companies have experienced stock losses nearing 30% since the onset of the war, with copper entering a bear market, silver down 40% from its peak, and gold facing its worst week in decades [1][2] Market Performance - Gold futures fell by $225 an ounce, closing at $4,492, marking a 3.5% decline for the day and over 11% for the week [1] - Silver dropped to $67.81, a 6.9% decrease from the start of trading on Friday [1] - Copper ended the day down 4.0% at $5.30 per pound ($11,690 per tonne), with a weekly decline of 7.4% [2] Company-Specific Impacts - Newmont's stock is down 26.3% since the war began, trading at a market cap of $104 billion, down from $143 billion [3][4] - Barrick Mining has seen a 26.8% decline, with a market cap of $62 billion, down $27 billion since late January [4] - Teck Resources holds a royalty on Barrick's Fourmile gold project, which could significantly impact Barrick's valuation [5] Other Mining Companies - AngloGold Ashanti's shares have plummeted 37.4% in March, resulting in a market value of $40 billion, while Gold Fields lost 33.6% to $35 billion [5] - Wheaton Precious Metals has fallen nearly 30% since the conflict began, now valued at $52 billion [6] - Fresnillo's shares are down 31.3% in March, reducing its market cap to $30 billion [7] Broader Industry Trends - BHP's shares have decreased by 20.0%, with a market cap of $168.58 billion, despite record profits [8] - Glencore has only lost 4.3% since the start of the conflict, now valued at $81 billion, making it the best performer among major mining companies year-to-date [18] - Vale's stock has declined by 18.2%, with a market cap of $61 billion, positioning it as one of the better-performing large-cap miners [20]

Core Viewpoint - The Federal Reserve's decision to maintain interest rates amid high inflation and surging oil prices due to the Iran war is negatively impacting metals and mining stocks, with potential interest rate cuts delayed until 2027 [1] Group 1: Market Conditions - Metal prices are declining despite traditional demand boosts from war, as the U.S. dollar and bonds are favored as safe-haven assets due to high interest rates [2] - Operational costs for miners are rising sharply due to increased fuel costs, with Brent crude oil prices up over 50% since the onset of the Iran war [2] - The metals and mining sector is facing challenges from high interest rates, rising energy costs, a stronger dollar, and fears of an economic slowdown, affecting metal prices and miner resilience [6] Group 2: Company Performance - Newmont Corporation's shares fell 13.5% this week and over 25% since the Iran war, despite generating record free cash flow of $7.3 billion in 2025 and reducing debt by $3.4 billion [3][7] - Barrick Mining shares have also seen significant declines, but the company plans to spin off its North American gold assets to unlock shareholder value [3][7] - Hecla Mining's stock has dropped over 50% from its January high, but the company is in a strong financial position and is selling a non-performing gold mine to generate cash [3][8] - Wheaton Precious Metals, a streaming company with 52% exposure to gold and 46% to silver, has lost 18% in one week and 30% in March, but its business model mitigates the impact of high fuel costs [4][8] - BHP's shares have fallen nearly 20% in March, but the company is recognized for its strong cash flow and margins, with a strategic pivot towards copper under new CEO Brandon Craig [4][9]

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Oakoff Investments is a personal portfolio manager and a quantitative research analyst with 5 years helping readers find a reasonable balance between growth and value by sharing proprietary Wall Street information. He leads the investing group Beyond ...

Major U.S. indexes closed lower, with the Dow Jones Industrial Average dropping 1.6% to 46,225.15, the S&P 500 slipping 1.36% to 6,624.70, and the Nasdaq falling 1.46% to 22,152.42.These are the top stocks that gained the attention of retail traders and investors through the day:Micron Technology Inc. (NASDAQ:MU)Micron Technology’s stock closed with a slight increase of 0.01%, settling at $461.73. The stock reached an intraday high of $471.34 and a low of $458.30, with a 52-week range between $61.54 and $47 ...

Key Takeaways Barrick Mining reported a 19% Y/Y drop in Q4 gold output to 871,000 ounces amid operational disruptions.B's 2025 gold production fell 17% Y/Y, hit by Loulo-Gounkoto suspension and other operational issues.Barrick Mining expects 2026 output of 2.9-3.25M ounces, with declines at several key mines.Barrick Mining Corporation (B) saw a 19% year-over-year decline in fourth-quarter 2025 gold production to 871,000 ounces. This follows a roughly 12% year-over-year fall in the prior quarter. Lower produ ...

Company Appointments - Barrick Mining Corporation has appointed James J. McGuire as Chief Legal and Policy Officer and Woo Lee as Chief Global Affairs Officer, both reporting to President and CEO Mark Hill [1] - Poupak Bahamin has been named General Counsel and Chief Compliance Officer while remaining on the Executive Committee [1] Executive Backgrounds - James J. McGuire brings over 30 years of legal experience, including roles as a Litigation Partner and Managing Partner at Greenspoon Marder LLP, and has a strong academic background from Harvard Law School, Yale University, and the University of Oxford [2] - Woo Lee has been with Barrick for over 11 years and previously served as Senior Vice President and Head of Government & Corporate Affairs for Asia Pacific, with a 30-year career as a U.S. diplomat [3] Company Overview - Barrick Mining Corporation is involved in the exploration, development, production, and sale of mineral properties, focusing on gold, copper, silver, and energy materials [4]

Core Viewpoint - Rising gold and silver prices, along with resource nationalism in some African countries, are making North American mines and projects more appealing to global miners seeking stable operating environments [1][3]. Group 1: Geopolitical and Market Dynamics - Military governments in West Africa's Sahel region are reallocating wealth through agreements with Western mining companies to benefit their impoverished populations [2]. - There is an increasing trend of African governments demanding higher royalties and renegotiating tax and mining codes, leading to a preference for stable jurisdictions like Canada and the US [3]. - A yearlong dispute between Mali's government and Barrick Mining resulted in the suspension of operations at Barrick's mine, highlighting geopolitical risks that drive miners to more stable regions [4]. Group 2: Investment Trends - Sprott Asset Management has reduced exposure to companies with African assets due to the ongoing geopolitical risks [5]. - Fresnillo's acquisition of Probe Gold for C$780 million ($556 million) indicates a growing interest in Canadian mining assets [6]. - Despite security concerns in Mexico, the administration's efforts to shorten permitting timelines are expected to enhance mining investment in the long term [6][7]. Group 3: Precious Metals Market - Global interest in gold and silver has surged over the past two years, driven by inflation concerns and a declining confidence in the US dollar, with gold prices increasing by 65% in 2025 and silver more than doubling [7]. - Silver is projected to be in deficit for the sixth consecutive year, with investment demand expected to reach a three-year high of 227 million ounces, offsetting declines in jewelry and silverware demand [9][11]. - The demand-supply dynamics for silver have been strong for several years, with stagnant supply and growing demand, particularly from the electronic and solar sectors [12]. Group 4: Broader Metal Market Trends - The rising prices of various metals, including copper, uranium, and lithium, are attributed to their essential roles in electrification and power generation, which are critical themes for the future [13].

Core Insights - Barrick Mining Corporation is focused on returning value to shareholders through strong cash generation and a solid balance sheet, reinforcing its position as a capital return-oriented gold producer [1] Financial Performance - At the end of Q4 2025, Barrick's cash and cash equivalents stood at approximately $6.7 billion, with operating cash flows of around $2.7 billion in Q4, reflecting a 13% year-over-year increase. Free cash flow rose 9% to about $1.6 billion [2] - For the full year 2025, operating cash flow surged 71% to approximately $7.7 billion, while free cash flow increased by 194% to $3.9 billion [2] Shareholder Returns - Barrick returned $2.4 billion to shareholders in 2025 through dividends and share buybacks, including $1.5 billion in share repurchases, with $500 million occurring in Q4 [3] - The company raised its dividend to 42 cents per share for Q4 2025, marking a 140% increase from Q3. A new dividend policy targets a total payout of 50% of attributable free cash flow annually, offering a dividend yield of 3.7% at the current stock price with a payout ratio of 29% [3] Market Position and Valuation - Barrick's shares have increased by 55.8% over the past six months, outperforming the Zacks Mining – Gold industry, which rose by 43.5% [7] - The company is currently trading at a forward P/E of 12.23, which is approximately 5.3% below the industry average of 12.91 [10] Earnings Estimates - The Zacks Consensus Estimate for Barrick's earnings in 2026 and 2027 indicates a year-over-year increase of 49.6% and 19%, respectively, with EPS estimates trending higher over the past 60 days [11]