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The Gold Rush of 2025: Where Do We Go from Here?
Daily Reckoning· 2025-09-30 14:31
Core Insights - The precious metals market has experienced significant gains in 2025, with gold, silver, and platinum prices rising substantially, indicating a strong trend in hard assets [4][22]. Precious Metals Performance - Gold started the year at $2,645 per ounce and has risen to over $3,850, marking a gain of over 47% [4]. - Silver began at $29.60 per ounce and is now over $47, reflecting a gain of about 58% [4]. - Platinum started at $995 per ounce and is currently in the $1,600 range, achieving a gain of 60% [4]. Investment Considerations - The increase in precious metal prices is attributed to the declining value of the dollar, a trend that has been ongoing since the U.S. left the gold standard in 1971 [7][22]. - Investors are advised to hold physical metals rather than selling them, as they represent real money and are not subject to the liabilities associated with financial instruments [10][12]. Mining and Royalty Companies - The rise in precious metal prices has positively impacted mining and royalty companies, leading to significant stock price increases for several key players: - Franco Nevada Corp. (FNV) rose from $125 to $225 [15]. - Royal Gold, Inc. (RGLD) increased from $134 to $198 [15]. - Osisko Royalties (OR) went from $18 to over $39 [15]. - Wheaton Precious Metals (WPM) climbed from $56 to $110 [15]. - Major mining companies also saw substantial gains: - Barrick Mining (B) increased from $14 to $33 [18]. - Newmont Mining (NEM) rose from $38 to $84 [18]. - Agnico Eagle Mines (AEM) moved from $83 to $166 [19]. - Kinross Gold (KGC) increased from $9.50 to over $24 [19]. Market Outlook - The ongoing trend suggests that as long as precious metal prices continue to rise, royalty plays and mining companies will benefit from increased cash flow and profitability [16][24]. - The potential for a global recovery in faith in the dollar could impact precious metal prices, but such a scenario seems unlikely given current government spending trends [17][22].
CTG(CTG) - 2023 Q2 - Quarterly Report
2023-08-09 20:11
impairment triggering events have been noted subsequently through the end of the 2023 second quarter. The estimates and assumptions on which the Company's evaluations are based involve judgments and are based on current available information, any of which could prove wrong or inaccurate when made, or become wrong or inaccurate as a result of subsequent events. In the event the business significantly under achieves its goals for revenue and profit growth in the future, especially considering the current high ...
CTG(CTG) - 2023 Q1 - Earnings Call Transcript
2023-05-14 06:57
Kevin Liu - K. Liu & Company Filip Gyde Company Participants John Laubacker - CFO Operator Craig Mychajluk During today's call, we'll also discuss non-GAAP financial measures, which we believe are useful in evaluating our performance. You should not consider this additional information in isolation or as a substitute for results prepared in accordance with GAAP. We have provided reconciliation of non-GAAP measures with comparable GAAP measures in the tables in today's release and SEC filings. Our pipeline c ...
CTG(CTG) - 2023 Q1 - Quarterly Report
2023-05-09 19:35
35 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to Commission File No. 1-9410 New York 16-0912632 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 300 Corporate Parkway, Sui ...
CTG(CTG) - 2022 Q4 - Annual Report
2023-03-15 20:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission File No. 1-9410b COMPUTER TASK GROUP, INCORPORATED (Exact name of registrant as specified in its charter) New York 16-0912632 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 300 Corporate Parkway, Suite 214N, Amherst, New York 14226 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (716) 882-8000 Securities regi ...
CTG(CTG) - 2022 Q4 - Earnings Call Transcript
2023-02-25 15:38
Filip Gydé - President and Chief Executive Officer Marc Riddick - Sidoti Company Participants Conference Call Participants Operator Yes. Thank you, and good morning, everyone. We certainly appreciate your time today and your interest in CTG. Joining me are Filip Gydé, our President and CEO; and John Laubacker, our Chief Financial Officer. We released our fourth quarter and full year 2022 financial results this morning before the market is open. You can access the release on our website at ctg.com. After Fil ...
CTG(CTG) - 2022 Q3 - Earnings Call Transcript
2022-11-12 20:36
Computer Task Group, Incorporated (NASDAQ:CTG) Q3 2022 Results Conference Call November 8, 2022 11:00 AM ET Company Participants Craig Mychajluk - IR Filip Gydé - President and CEO John Laubacker - CFO Conference Call Participants Kevin Liu - K. Liu & Company Marc Riddick - Sidoti Operator Greetings, and welcome to the CTG Inc. Third Quarter Fiscal Year 2022 Financial Results. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Craig Mychaj ...
CTG(CTG) - 2022 Q3 - Quarterly Report
2022-11-08 21:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM a 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to Commission File No. 1-9410 COMPUTER TASK GROUP, INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...
Computer Task Group presents at 13th Annual Midwest IDEAS Conference - Slideshow
2022-08-24 16:51
Company Overview - CTG's 2021 revenue was $3923 million, with adjusted EBITDA of $181 million and non-GAAP EPS of $064[9] - CTG has 3450 professionals, operates in 8 countries, and serves 650 clients worldwide[10] - Revenue by geography: North America accounts for 56% and Europe for 44%[9] - Revenue by segment: Europe IT Solutions and Services is 43%, North America IT Solutions and Services is 26%, and Tech Services is 31%[10] Market Opportunity and Strategy - The digital business process services market is projected to reach over $106 billion by 2024, with a CAGR of 108%[16] - The cloud consulting and implementation services market is expected to exceed $205 billion by 2025, with an 11% CAGR[16] - By 2026, 90% of large organizations will use external service providers to migrate applications to the cloud, up from 53% in 2020[15] Financial Performance - CTG Q2 2022 revenue was $828 million, with adjusted EBITDA of $42 million and a 51% adjusted EBITDA margin[49] - CTG Q2 2022 non-GAAP diluted EPS was $015[49] - The company's non-GAAP operating margin in 2021 was 36%, and the adjusted EBITDA margin was 46%[51] - From 2018 to 2021, CTG's non-GAAP operating income had a CAGR of 429%, and adjusted EBITDA had a CAGR of 249%[51]
CTG(CTG) - 2021 Q4 - Annual Report
2022-03-14 23:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to Commission File No. 1-9410 COMPUTER TASK GROUP, INCORPORATED (Exact name of registrant as specified in its charter) New York 16-0912632 (State or other jurisdic ...