Gold prices have spiked over the past year. They're up over 70% in the last 12 months and recently closed well above $5,000 an ounce. That's enabling gold producers like Newmont (NYSE: NEM) to cash in by posting much higher revenue and earnings. Here's a look at whether you should invest in the gold stock given the precious metal's current price. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the c ...

This article is based on The Stocks & Markets Podcast. Hosted by Chris Versace, veteran Wall Street investor and lead portfolio manager for TheStreet Pro, these weekly podcasts are available early to members of TheStreet Pro investing club. Whether it’s the Olympics or Wall Street, there’s just no getting away from gold. Many of the world’s greatest athletes are competing in the 2026 Winter Olympics while the price of gold has been soaring and falling like a hyperactive ski jumper. Gold had been rising ...

Core Insights - Gold Fields Limited (GFI) and AngloGold Ashanti Plc. (AU) are prominent global gold producers benefiting from a surge in gold prices exceeding $5,000 per ounce due to safe-haven demand and market uncertainty [1] - Both companies have shown strong production results and positive analyst sentiment, prompting a comparison of their fundamentals to identify the better investment opportunity [1] Group 1: Gold Fields Limited (GFI) - GFI reported a strong third quarter with gold-equivalent production increasing approximately 22% year-over-year to around 621,000 ounces, and a 6% quarter-on-quarter increase [2] - The Salares Norte mine in Chile significantly contributed to production, yielding 112,000 ounces equivalent in the third quarter, with a sequential output increase of 53% [3] - All-in sustaining costs (AISC) were about $1,557 per ounce, down roughly 10% quarter-on-quarter, enhancing margins amid high realized gold prices [4] - GFI's Tarkwa mine in Ghana produced about 123,000 ounces in the third quarter and typically delivers over 500,000 ounces annually [5] - By the end of September 2025, GFI's net debt was $791 million, a decrease of $696 million from the previous quarter, with a debt to capital ratio of 34.8% [6] Group 2: AngloGold Ashanti Plc. (AU) - AU reported a 17% year-on-year increase in gold production to around 768,000 ounces, driven by higher output from key mines [7] - The company sold approximately 764,000 ounces of gold at an average realized price of $3,490 per ounce, leading to higher revenue and improved margins [8] - Total cash costs for AU were roughly $1,225 per ounce, with AISC increasing to $1,720 per ounce [8] - AU's cash and cash equivalents stood at $2.57 billion at the end of September 2025, with long-term debt of $2.03 billion, resulting in a debt to capital ratio of 17.6% [11] Group 3: Comparative Performance and Valuation - GFI's stock has increased by 240.3% over the past year, while AU's stock has risen by 284.3%, outperforming the Zacks Mining-Gold industry which rose by 168.1% [12] - GFI is trading at a forward 12-month earnings multiple of 4.5X, whereas AU is trading at a lower multiple of 3.81X [14] - The Zacks Consensus Estimate for GFI's fiscal 2026 sales implies a 120% year-over-year growth, while AU's estimates suggest a 23% rise [17][19] - GFI's EPS estimates for fiscal 2026 indicate a 261% year-over-year increase, while AU's EPS is expected to rise by 41.3% [17][19] Group 4: Investment Case - GFI's strong quarter was marked by a 22% production increase, lower AISC, and a significant reduction in net debt, with Salares Norte expected to contribute meaningfully in 2025-2026 [22] - However, AU presents a stronger investment case with higher third-quarter production, superior free cash flow exceeding $1 billion, and a robust balance sheet [23] - AU's growth potential is bolstered by expanded reserves at Geita and modernization efforts at Obuasi, alongside new U.S. exposure through Augusta [23] - Despite AU's stronger financial profile, it trades at a cheaper forward earnings multiple compared to GFI, making it a more compelling buy for investors [23]

Core Insights - Allied Gold Corporation's (AAUC) shares have increased by 30.1% over the past three months, outperforming the S&P 500's 5.1% rise and showing better performance than peers Agnico Eagle Mines Limited (AEM) and Alamos Gold Inc. (AGI) [1][10] Company Performance - The stock closed at $16.77, below its 52-week high of $20.49 but above its 52-week low of $6.78 [4] - In the first nine months of 2025, Allied Gold produced 262,077 ounces of gold, an increase from 258,459 ounces in the same period last year [5] - The company aims to exceed 375,000 ounces of gold production in 2025, with significant output expected in Q4 due to enhanced production at Bonikro and Sadiola mining sites [6] Operational Improvements - Allied Gold is drilling high-grade zones, refining mine models, and improving grade control to boost productivity [7] - New equipment has been deployed at the Sadiola mine to enhance fleet availability, and experienced local hires have strengthened mine management in Mali [7] - Increased stripping activities at Bonikro and Agbaou sites are aimed at accessing higher-grade ore, contributing to production growth [7] Market Conditions - Economic uncertainty, geopolitical tensions, and central bank policy shifts have driven a surge in gold prices [8] - The U.S. government's announcement of new tariffs has added to global trade uncertainties, further supporting gold's price increase [8] - The Federal Reserve's interest rate cuts have made short-term debt instruments less attractive, pushing investors towards gold [8] Financial Metrics - Allied Gold's trailing 12-month return on equity (ROE) stands at 24.32%, significantly higher than the industry's 15.44%, indicating efficient use of shareholders' funds [11] - The forward 12-month price-to-earnings ratio for AAUC is 3.97X, well below the industry average of 12.79X, making it an attractive investment [13] - Earnings estimates for 2025 have decreased by 5% to $1.34 per share, while estimates for 2026 have improved by 11.1% to $4.60, indicating substantial year-over-year growth [16] Investment Outlook - Strong production across mining operations, rising gold prices, and capacity expansion efforts position Allied Gold favorably for growth [17] - The company is well-positioned for sustained growth and shareholder value, supported by a favorable valuation and strong earnings growth projections [18]

Industry Overview - Gold prices have surged beyond US$3,300 per ounce in early 2025, driven by unstable U.S. fiscal policy and rising inflation, with forecasts suggesting prices could reach US$4,000 within the next 12 to 18 months [2][3] - This environment has placed gold-focused stocks and Canadian producers in the spotlight, offering significant leverage to rising gold prices [2] Company Profile: LaFleur Minerals Inc. - LaFleur Minerals Inc. operates in Canada's most productive gold region and has a fully permitted gold mill, positioning the company for near-term production and exposure to the ongoing gold rally [3] - The company is focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with a particular emphasis on the Swanson Gold Project and the Beacon Gold Mill [3] - The Swanson Gold Project spans approximately 16,600 hectares and includes several gold-rich prospects previously held by other mining companies, enhancing its development potential [3] - LaFleur's Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from the Swanson project as well as custom milling for nearby gold projects [3]

Core Viewpoint - Seabridge Gold reported a significant turnaround in financial performance for Q1 2025, achieving net earnings compared to a loss in the same period of the previous year [3]. Financial Results - Seabridge posted net earnings of $10.6 million ($0.11 per share) in Q1 2025, a recovery from a net loss of $8.2 million ($0.09 per share) in Q1 2024 [3]. - The company invested $14.3 million in mineral interests, property, and equipment during Q1 2025, a decrease from $39.3 million in Q1 2024 [3]. - Working capital increased by $110.9 million, rising from $37.8 million on December 31, 2024, to $148.7 million on March 31, 2025 [3]. Company Assets - Seabridge holds a 100% interest in several North American gold projects, including the KSM and Iskut projects in British Columbia, Courageous Lake in Northwest Territories, Snowstorm in Northern Nevada, and 3 Aces in Yukon Territory [4]. Recent Developments - The company secured $100 million in new financings, including $20 million from a strategic investor [5]. - Field programs for 2025 are underway at the KSM project [5]. - Fully funded exploration programs are planned at Iskut and 3 Aces [5]. - The gold price reached an all-time high of $3,500 per ounce [5].

Core Insights - Gold prices have surged past $3000 per ounce in Q2 2025, driven by central banks globally increasing their gold reserves [1] - Geopolitical tensions and slowing global growth are contributing factors to the renewed interest in gold as a safe-haven asset [1] Industry Summary - Central banks around the world are actively stocking up on gold, indicating a strategic shift in monetary policy and asset allocation [1] - The increase in gold prices reflects broader economic concerns, including geopolitical instability and a slowdown in global economic growth [1]