Harmony Gold Mining http://so-l.ru/tags/show/harmony_gold_mining Fri, 15 Dec 2017 15:09:02 +0300 <![CDATA[Gold Demand Declines to 8-Year Low in Q3, What's in Store?]]> Global gold demand declined 9% year over year to 915 tons — at levels last seen in the third quarter of 2009. Significantly lower ETF inflows compared to the prior-year quarter and weak demand for jewelry pinned down by tax, along with regulatory changes in India led to the downfall this quarter. So far this year, demand for the yellow metal was down 12%.

Total Investment Demand Suffers on Modest ETF Inflows

Total investment demand plunged 28% to 334.5 tons in the quarter. ETF inflows were 18.9 tons, down from the record inflow levels of 144.3 tons in the prior-year quarter. In fact, the U.S-North Korea imbroglio coupled with it constant threat of nuclear conflict had kindled the demand for gold investment for the first time.

However, as it became clear in September that the Fed is likely to raise rates in December, it affected investment in ETFs. Also, stock markets at new highs led to the modest ETF inflows.

Meanwhile, global bar and coin demand improved 17% year over year to 222.3 tons on the back of robust demand in China. Currently, the country is witnessing the second highest volume on record in 2017. The volume is being aided by fears related to potential depreciation of the yuan, concerns over rising inflation, lack of alternative investment opportunities that is acting as tailwinds for coin and bar investment.

Jewelry Demand — Strength in China & United States, India Disappoints

After recording growth in the first half of 2017, demand for jewelry fell 3% year over year to 479 tons in the quarter — the weakest third quarter on record. Nonetheless, China witnessed a 13% boost on festive buying after 10 consecutive quarters of decline. Also, the United States marked the strongest third quarter in the last five years driven by economic growth, improving employment levels and growth in consumer confidence. Year to date, demand for jewelry has been up 4% to a seven-year high of 76.8 tons, thus making the United States the third largest jewelry market.

Notably, India witnessed the main drag on the jewelry demand in the quarter, declining 25% after three straight quarters of growth. The introduction of the 3% Goods and Services Tax (GST) at the beginning of July affected sales. In anticipation of the tax, customers had also preponed their purchases to the second quarter.

Additionally, to make matters worse for the industry, the government brought the gems and jewelry industry under the purview of the Prevention of Money Laundering Act (“PMLA”) in August. The Act required declaration of documentation for certain jewelry transactions. This deterred customers in rural India as they shied away from providing necessary documents. Further, inconsistent rainfall had its toll on gold jewelry buying in rural India, which is a major market.  

In October, the India jewelry industry heaved a sigh of relief as the government removed the industry from the purview of the PMLA — a well-timed step, ahead of the festive season. As a result, consumer sentiment improved dramatically.

Demand from Central Bank, Technology Show Resilience

Central banks purchased 111 tons in the third quarter, up 25% year over year. This brought the total to 289.6 tons year to date, down 3% year over year. Russia, Turkey and Kazakhstan remained main buyers. Demand for gold in technology improved 2% year over year to 84.2 tons, marking the fourth consecutive quarter of growth.

Supply Declined in the Quarter

Total gold supply contracted by 2% to 1,146 tons in the quarter. Recycled gold supply declined 6% year over year to 315.4 tons and mine production was down around 1% year over year to 841 tons. Also, production in China continued to decrease for five consecutive quarters due to stringent environmental regulations. In Tanzania, an ongoing dispute between the government and Acacia Mining led to 15% fall in production, as well.

Gold Price Trends in Third Quarter

Gold price was within the $1,200-1,300 per ounce range for much of the quarter. While geopolitical tensions between the United States and North Korea fueled the upside, it was later pulled down by a stronger dollar on expectations of the Fed hiking interest rates in December. Average gold prices came in at $1,277.9 per ounce, down 4% year over year.

So far this year, the Gold Mining industry has rallied 7.3% compared with the S&P 500’s gain of 15.9%. Going by the EV/EBITDA multiple (a preferred valuation metric for mining companies that have high capital expenditures), the gold mining industry has a trailing 12-month EV/EBITDA multiple of 7.28, lower than the S&P 500’s EV/EBITDA multiple of 11.33. The industry’s lower-than-market positioning calls for some more improvement in the near term.

What’s in the Cards?

While new mines were limited during the quarter, a number of new mines are expected to enter production in the fourth quarter. This might support mine production till 2018. Noteworthy mines include The Natalka project in Russia, Canada’s Rainy River project and Houndé in Burkino Faso.

On the demand side, we expect India to bounce back from the lull as the market adapts to GST. Pent-up demand and removal from the scope of PMLA legislation as well as festive buying are anticipated to boost demand for jewelry in the country. Even though the impact of uneven monsoon rainfall distribution on rural population remains a concern, measures taken by the government to deal with the scenario might be a savior.

Given the insatiable appetite for gold and the rising wealth of Indian consumers, demand is expected to remain strong. China is likely to experience solid demand too. This is because the the people therein consider gold as a natural medium for savings and diversification in the form of bars, coins or jewelry.

Even though hike by the Fed may dent gold prices in December, retail demand from Asia and geopolitical tensions is anticipated to continue supporting gold prices.

Investors interested in this space can consider the following gold stocks that have a solid Zacks Rank and have witnessed positive estimate revisions.

Golden Star Resources Ltd. GSS can be a solid addition to one’s portfolio. The company has an average positive earnings surprise history of 33.34% in the trailing four quarters. The Zacks Consensus Estimate for 2017 has moved up 22% over the past 30 days and for 2018 the same climbed 7%. The stock has been up 12.7% year to date. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Sandstorm Gold Ltd. SAND, a Zacks Rank #2 (Buy) stock, pulled off an average positive earnings surprise history of 33.33% in the trailing four quarters. While, the Zacks Consensus Estimate for 2017 has moved up 25% over the past 30 days, for 2018 the estimate moved north 40%. So far this year, the stock has gained 13.6%.

However, we suggest staying away from or getting rid of the stocks carrying a Zacks Rank #5 (Sell) like Eldorado Gold Corp. EGO and Harmony Gold Mining Company Ltd HMY. These stocks have witnessed downward estimate revisions.

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http://so-l.ru/news/y/2017_11_18_gold_demand_declines_to_8_year_low_in_q3 Sat, 18 Nov 2017 01:13:00 +0300
<![CDATA[Bodies of 25 illegal miners recovered from abandoned South African gold shaft]]> ]]> http://so-l.ru/news/y/2017_05_17_bodies_of_25_illegal_miners_recovered_fr Wed, 17 May 2017 18:16:44 +0300 <![CDATA[Mining ETFs & Stocks Benefit Most from Fed Meeting]]> As expected, the Fed raised interest rates by 25 bps to 0.75–1% citing strong economic data and rising inflation, which is heading toward the 2% target. This represents the third rate hike in 10 years. Additionally, the central bank hinted at a more gradual pace of rate hikes this year even if inflation runs above the 2% target, reiterating its outlook for two more rate hikes this year and three in the next. This indicates an accommodative monetary policy for more months.

While the Fed meeting yesterday revealed no surprises, the market saw an unexpected move in the previous metal space, in particular gold and silver. This is especially true as the yellow metal jumped 2% to nearly $1,225 per ounce while the white metal climbed 3% to $17.45 per ounce. This has set gold for the biggest gain since September and silver for the best day since November.

A rate hike is generally bad news for these metals as higher interest rates diminish their attractiveness since they does not pay interest like fixed-income assets. But the opposite reaction was witnessed this time with many analysts calling the event “sell the rumor (of rate hike), buy the news” (read: Time to Buy Gold ETFs on the Dip?).

The impressive gains came on the heels of the Fed’s less hawkish outlook than expected. Markets were bracing for a faster pace of rate hike given the Fed’s earlier statements and accelerating economic fundamentals. Less chances of further tightening has led to a sharp decline in the U.S. dollar against a basket of major currencies and raised the appeal for the two precious metals.

Acting as leveraged plays on underlying metal prices, metal miners witnessed more gains than their bullion cousins on the day. As a result, we have highlighted four mining ETFs and stocks that benefited the most from the Fed meeting and will likely to continue its strong performance given the dovish stance.

ETFs

VanEck Vectors Junior Gold Miners ETF GDXJ – Up 11.5%


GDXJ emerged as the biggest winner post Fed meeting. This is a small cap centric ETF that tracks the MVIS Global Junior Gold Miners Index. Holding 54 stocks in its basket, it is well spread out across components with none holding more than 5.53% of assets. Canadian firms dominate the fund’s portfolio at 63.3%, though Australia (11.5%) and the U.S. (10.4%) round out the top three. The product is by far the largest and most popular in the gold mining space with AUM of $4.8 billion and charges 56 bps in annual fees.

Sprott Junior Gold Miners ETF SGDJ – Up 10.4%

This ETF targets the small cap segment of the gold mining industry by tracking the Sprott Zacks Junior Gold Miners Index. The benchmark utilizes the factor-based methodology that seeks to emphasize companies with the strongest relative revenue growth and price momentum. In total, the fund holds a small basket of 37 stocks with each firm holding no more than 7.8% of assets. In terms of country exposure, Canada takes the largest share at 75% while the U.S. receives just 6% of SGDJ. The fund has accumulated $48.5 million in AUM and has an expense ratio of 0.57%.

Global X Silver Miners ETF SIL – Up 9.0%

This fund offers exposure to a basket of 26 silver mining companies by tracking the Solactive Global Silver Miners Total Return Index. It is highly concentrated on the top four firms that collectively make up for 45% of the portfolio while others account for less than 5.9% share. About half of the portfolio is focused on small caps while the rest is evenly split between large and mid caps. Here again, Canadian firms takes the top spot at 49% while Mexico and U.S. round off the next two with a double-digit exposure each. SIL has amassed $334.7 million in its asset base and charges 65 bps in fees per year (see: all the Material ETFs here).

Global X Gold Explorers ETF GOEX – Up 8.9%

The ETF provides exposure to companies involved in the exploration of gold deposits and tracks the Solactive Global Gold Explorers & Developers Total Return Transition Index. Holding 52 stocks in its basket, it is focused on small cap with 83% share and each security accounting for less than 5.6% of assets. Canadian firms dominate the fund’s return at 72% followed by Australia and United Kingdom. The fund is unpopular and illiquid with AUM of $42.7 million. Expense ratio comes in at 0.66%

Stocks

IAMGOLD Corporation IAG – Up 14.4%


Based in Canada, IAMGOLD is an international gold exploration and mining company. It has a Zacks Rank #3 (Hold) with a VGM Style Score of D and a market cap of $1.79 billion.

McEwen Mining Inc. MUX – up 14.1%

Based in Canada, McEwen Mining explores, develops, produces, and sells precious and base metals – gold, silver, and copper – in Argentina, Mexico, and the United States. It has a Zacks Rank #3 with a VGM Style Score of F and a market cap of $1.02 billion.

Endeavour Silver Corporation EXK – Up 13.2%

Based in Canada, Endeavour Silver is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. It has a Zacks Rank #5 (Strong Sell) with a VGM Style Score of D and a market cap of $453.9 million (read: Will Trump's New Policies Hurt These Sector ETFs & Stocks?).

Harmony Gold Mining Company Limited HMY – Up 13.1%

Based in South Africa, Harmony Gold engaged in the exploration and mining of gold in South Africa and Papua New Guinea. It has a Zacks Rank #3 with a VGM Style Score of B and a market cap of $1.09 billion.

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http://so-l.ru/news/y/2017_03_16_mining_etfs_stocks_benefit_most_from_f Thu, 16 Mar 2017 17:24:00 +0300
<![CDATA[Harmony Gold Mining goes ex-dividend tomorrow]]> http://so-l.ru/news/y/2017_03_14_harmony_gold_mining_goes_ex_dividend_tom Tue, 14 Mar 2017 19:53:43 +0300 <![CDATA[Gold Stocks Placed Well for Long-Term Growth]]> After years of languishing prices declining output from existing mines, concerns over Brexit and China worries have turned the tables for the yellow metal. There are plenty of reasons to be optimistic about the gold mining industry for both the short term and the long term. Below, we have discussed what investors in the gold mining sector can look forward to in the coming months and years.

Asia Will Be a Long-Term Growth Drivers

Over the last decade, combined demand for gold from India and China has soared 71%. These two markets roughly account for 54% of consumer gold demand, up from 33% in 2005. This figure is expected to go up to 60% in 2017. Asia is now less economically dependent on the West and has shown relatively strong growth since the global financial crisis, despite persistently weak growth in the US and Europe.

India has a strong tradition of investing in gold, mainly in jewelry. Demand mostly increases around the wedding and festive seasons, which begin from mid-to-late August and continue until January. Expenditure on gold can account for almost 30% of the total wedding cost. This gives a boost to local currency demand and raises gold prices.

In China, people view gold, whether in the form of bars, coins or jewelry, as a natural vehicle for savings and diversification. Gold is embedded in China’s culture and the Chinese New Year and weddings are key events for the country’s gold consumption. In China, although demand might drop from the highs of 2013, growth remains intact.

A continuous shift toward higher-margin products has lately been observed in the Chinese jewelry market. Gem-set and 18-carat gold items are becoming increasingly popular, with the latter largely gaining popularity among the younger generation. Producers are also playing a key role in promoting these products given their higher margins.

The World Gold Council anticipates demand from China to grow at least another 20% by 2017. While China’s middle class is expanding, India has a comparatively low level of per capita gold holdings. The powerful combination of increasing urbanization and strong cultural affinity for gold bodes well for the metal’s demand in both these countries.

China’s central bank also continues to purchase the precious metal on a monthly basis, as it sees value in diversifying in gold. People’s Bank of China (PBOC) now holds a total of 57.18 million ounces of gold. Currently, China’s gold reserves are ranked fifth in the world, behind the U.S., Germany, Italy and France.

U.S Markets Hold Promise

Demand for gold jewelry in the first half of 2016 in the U.S at 48.6 tons was the strongest since 2009. Consistent, albeit moderate economic growth, improving employment levels and growth in consumer confidence are supporting demand.

Revived Appetite for Acquisitions

Canada’s Kirkland Lake Gold will buy Newmarket Gold Inc. in a bid to create a new company with a market capitalization of C$2.4 billion ($1.83 billion) with the capability to produce over 500,000 ounces of gold annually.

Vancouver-based Tahoe Resources Inc.’s (TAHO) acquisition of Lake Shore Gold Corp. will address challenges faced by both companies. The transaction added Timmins West and Bell Creek mines in Timmins, Ontario, to Tahoe's holdings, which include mines in Guatemala and Peru. The combined entity is expected to produce 370,000–430,000 ounces of gold in 2016 at total cash costs of $675–$725 per ounce and all-in costs of $950–$1,000 per ounce. Last year, Tahoe had bought a smaller rival Rio Alto Mining to expand its presence in Latin America.

Goldcorp Inc. (GG) has acquired Kaminak Gold Corp. Kaminak's primary asset is the wholly owned Coffee Gold project – a hydrothermal gold deposit located at Yukon. This project has considerable potential for near-mine discoveries, with mineralization remaining open along strike and at depth.

The Coffee gold deposit currently has total indicated gold mineral resources of 3 million ounces and total inferred gold mineral resources of 2.2 million ounces. The acquisition is in sync with Goldcorp’s strategy of aligning with smaller exploration companies to identify and develop mining districts with large exploration potential that can grow its net asset value per share.

Seabridge Gold, Inc. (SA) acquired SnipGold and its Iskut project which is a gold-silver-copper project with measured and indicated resources of 2.16 million ounces of gold, 13.17 million ounces of silver, and nearly 502.7 million pounds of copper. Fortuna Silver Mines Inc. (FSM) acquired Goldrock Mines and its Lindero gold project in Argentina. The project contains 1.15 million ounces of gold.

Gold Miners Optimizing Portfolio

The drop in gold prices in recent years had put the gold mining companies' bottom-lines under pressure. The companies were actively pursuing opportunities to optimize their portfolio, including the divestiture of certain non-core or non-productive assets and reduction of debt, maximization of return on capital along with driving value across the portfolio.

Newmont Mining Corp. (NEM) sold Newmont Waihi Gold Limited in New Zealand to OceanaGold Corp. (OCANF). In the last two years, Newmont has generated $1.7 billion through non-core asset sales, allowing the company to reduce its debt, invest in profitable production and return capital to its shareholders.

IAMGOLD Corp. (IAG) completed the sale of its Niobec mine to a group of companies led by Magris Resources Inc. for cash proceeds of $500 million. This sale will increase IAMGOLD’s liquidity position, consequently strengthening its financial position over many of its competitors. Goldcorp had sold its 26% stake in Tahoe Resources for just under $1 billion in order to focus on cash flow generation.

Barrick Gold Corp. (ABX) is also shedding non-core assets to optimize portfolio and strengthen balance sheet. The company, in late 2015, completed the sale of a 50% interest in the Zaldivar copper mine in Chile to Antofagasta Plc. It also closed the divestment of its 70% interest in the Spring Valley project and its 100% interest in the Ruby Hill mine to subsidiaries of Waterton Precious Metals Fund II Cayman, LP.

Moreover, the company wrapped up the sale of its 50% interest in the Round Mountain mine and divested the Bald Mountain mine in Nevada to Kinross Gold Corporation (KGC) in 2016, receiving $610 million in cash for these non-core assets. Barrick reduced its total debt by 24% in 2015, exceeding its original debt-reduction goal of $3 billion.

The company has completed more than $1.4 billion in debt repayments so far in 2016, representing over 70% of its debt reduction goal for the year. The company now has less than $200 million in debt due before 2019, and roughly $5 billion of its outstanding debt of $8.5 billion will not mature until after 2032.

Gold’s Safe Haven Appea

Gold has always been viewed as a store of value and a safe-haven asset. The buying of gold is a hedge against inflation, macroeconomic, geopolitical, systemic and monetary risk. This trend intensifies during periods of economic turmoil and geopolitical tensions. The current economic scenario is rife with all these factors.

Superiority Over Other Precious Metals

Gold’s worldwide acceptance as a store of value sets it apart from other precious metals such as platinum, palladium and silver whose demand stems mainly from their industrial applications. Gold is produced primarily for accumulation while the other commodities are produced for consumption.

Moreover, in contrast to other commodities, gold does not perish, tarnish or corrode, nor does it have quality grades. There has not been any material change in gold’s quality over the years; gold mined thousands of years ago is the same as today. Gold existing above ground is easily interchanged with newly mined gold. This ensures the continuous demand of the metal for years to come.

Some Good Picks from the Industry

With positive estimate revisions, positive record of earnings surprises in the recent quarters, and projected robust earnings growth, IAMGOLDcan be a solid addition to one’s portfolio. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Harmony Gold Mining Company Ltd. (HMY) carries a Zacks Rank #2 (Buy) and its estimates for fiscal 2017 have moved up around 10% over the last 7 days. Further, for fiscal 2018 it has gone up 46%. The stock has an expected earnings growth of 253.33% for fiscal 2017.

AngloGold Ashanti Limited (AU), also carries a Zacks Rank #2 and has a projected earnings growth of 234% for 2016 and 47.90% for 2017. Pretium Resources Inc. (PVG), another Zacks Rank #2 stock has an average positive earnings surprise of 14.58% in the last four quarters.

Check out our latest Gold mining outlook for more on the current state of affairs in this market from an earnings perspective, and how the trend is shaping up for this sector going forward.

 

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Newmont Mining Corporation (NEM): Free Stock Analysis Report
 
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http://so-l.ru/news/y/2017_02_08_gold_stocks_placed_well_for_long_term_gr Wed, 08 Feb 2017 23:16:00 +0300
<![CDATA[Zacks Industry Outlook Highlights: IAMGOLD, Harmony Gold Mining Company, AngloGold Ashanti, Goldcorp and Randgold Resources]]> For Immediate Release

Chicago, IL – February 07, 2017 – Today, Zacks Equity Research discusses the Industry: Gold Mining, Part 1, including IAMGOLD Corp. (NYSE:IAG Free Report ), Harmony Gold Mining Company Ltd. (NYSE: HMY Free Report ), AngloGold Ashanti Ltd. (NYSE: AU Free Report ), Goldcorp Inc. (NYSE: GG Free Report ) and Randgold Resources Ltd. (NASDAQ: GOLD Free Report ).

Industry: Gold Mining, Part 1

Link: https://www.zacks.com/commentary/103042/gold-mining-stock-outlook---february-2017

Looking back at 2016, gold had an overall good year, with prices rising 8.5% to close 2016 at around $1,150 per ounce after three lackluster years. The start of the year had been stellar for gold as worries over the global economy, Brexit-induced volatile equity markets, followed by the Federal Reserve’s (Fed) stance to maintain steady interest rates and the introduction of negative interest rates by several central banks increased the safe haven appeal of gold and propped up gold prices.

In fact, gold prices surged 25% in the first half of 2016 – the strongest first half performance in 36 years. The yellow metal was the best performing asset, trumping major equity indices, investment grade and high yield bonds as well as commodity indices.

However, the momentum lost its sheen with gold prices losing its footing in the last two months of the year following President Trump’s win and the Fed’s rate hike. In fact, November was the worst month since Jun 2013 with the yellow metal losing 8% of its value. Prior to the election, gold prices had gained around 20% since the beginning of the year.

Gold demand rose 2% in 2016 to reach a 3 year high of 4,308.7 tons. Rising prices for major part of the year as well as regulatory and fiscal hurdles in India and China’s softening economy led to jewelry demand dropping to 7 year lows. On the contrary, demand for gold-backed ETFs peaked to its highest level since 2009 to 531.9 tons.

Concerns over the uncertainty of future interest rate hikes, the U.S election, negative interest rates and price momentum led to ETF inflows through October. However, Q4 saw outflows totaling 193.1 tons as the Nov elections removed a significant element of uncertainty among investors. Trump’s growth boosting plans also increased interest rate expectations and pushed the U.S dollar higher while gold prices moved south.

As per the latest report by the GFMS team at Thomson Reuters, gold supply continued to trickle down in fourth-quarter 2016. This made 2016 the first calendar year of a fall in mine output since 2008. In recent years, additional production from new mines brought on stream has waned. Cost management remains a key priority for the industry. This has helped costs come down well below the peak levels from 2013. Producers have cut down on expenditure and are hesitant to invest in new projects. Instead the producers are focused on maximizing production from their existing portfolio of assets.

Nevertheless, gold prices, have gained 6% so far in 2017. The market was jittery before Trump’s inauguration and consequently gold registered gains. Recently, gold was back above $1,200 an ounce owing to increased safe haven demand as U.S. President Trump‘s immigration ban shook global markets.

Sector Level Earnings Trend

As per the Zacks classification, the gold-mining industry comes under the broader Basic Materials sector. Taking into account all the companies that are yet to report in the sector, the sector’s earnings is projected to rise 3.9% in the fourth quarter. This follows a 4.7% increase in the third quarter and a marked improvement from the 11.6% decline witnessed in the second quarter and 15.7% in the first quarter of 2016.

Positive growth will continue in 2017, with first-quarter earnings expected to grow 7.7% followed by 4.9%, 6.2% and 21.1% in the second, third and fourth quarter, respectively. (For a detailed look at the earnings outlook for this sector and others, please read our Earnings Trends report.)

Industry Ranking & Outlook – Neutral

We rank all of the more than 255 industries in the 16 Zacks sectors based on the earnings outlook for the constituent companies in each industry. This ranking is available on the Zacks Industry Rank page. The way to align the ranking and outlook from the complete list of Zacks Industry Rank for the 255+ companies is that the outlook for the top one-third of the list (Zacks Industry Rank of #85 and lower) is positive, the middle one-third (between #86 and #170) is neutral while the outlook for the bottom one-third (Rank #171 and higher) is negative.

Currently, the gold mining industry is in the middle tier with a Zacks Industry Rank of #151, indicating a neutral outlook.

What’s in Store for 2017?

In the U.S., even though there are positive expectations about President Trump’s economic proposals, there are also concerns. The US dollar has gained ground since Trump’s victory but uncertainty is rife. Further, political risk is rising as Europe will hold key elections in the Netherlands, France and Germany in 2017. Additionally, Britain must negotiate its exit from the European Union. All this will trigger safe haven demand for gold.

An upward inflationary trend is likely support gold demand as it is seen as an inflation hedge. Higher inflation will keep real interest rates low, which in turn makes gold more attractive. Further, inflation makes bonds and other fixed income assets less appealing to long-term investors.

In Asia, gold demand will continue to be backed by retail demand for the metal, due to festival and wedding related buying activities in countries like India and China. Further, demand from the central bank will support prices as this sector has remained remarkably consistent.

While demand will remain strong, supply of this precious metal has already attained peak levels as per reports. Lower gold prices in the past few years had restricted the ability of gold producers to invest in new projects. There are few new projects and expansions expected to begin producing this year. Further, those in the near-term pipeline are generally fairly modest in scale.

Thus, global mine supply is set to continue its downward journey in 2017. Lower mined gold supply could eventually help prices navigate north.

How to Play the Industry

A positive outlook for the industry reinforced by expectations of earnings growth eventually in 2016 makes a good investment case for the gold mining industry. Investors can consider the following gold stocks that are backed by a solid Zacks Rank and estimate revisions.

With positive estimate revisions, positive record of earnings surprises in the recent quarters, and robust earnings growth projected for 2017, IAMGOLD Corp. (NYSE:IAG Free Report ), can be a solid addition to one’s portfolio. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Harmony Gold Mining Company Ltd. (NYSE: HMY Free Report ) carries a Zacks Rank #2 (Buy) and its estimates for fiscal 2017 have moved up around 10% over the last 7 days. Further, for fiscal 2018 it has gone up 46%. The stock has an expected earnings growth of 253.33% for fiscal 2017.

AngloGold Ashanti Ltd. (NYSE: AU Free Report ), also carries a Zacks Rank #2 and has a projected earnings growth of 234% for 2016 and 47.90% for 2017.

However, we suggest staying away from or getting rid of Zacks Rank #5 (Strong Sell) stocks such as Goldcorp Inc. (NYSE: GG Free Report ) and Randgold Resources Ltd. (NASDAQ: GOLD Free Report ). These stocks have witnessed downward revision in their estimates and also have a negative record of earnings surprise history in recent quarters.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Iamgold Corporation (IAG): Free Stock Analysis Report
 
Harmony Gold Mining Company Limited (HMY): Free Stock Analysis Report
 
AngloGold Ashanti Limited (AU): Free Stock Analysis Report
 
Goldcorp Inc. (GG): Free Stock Analysis Report
 
Randgold Resources Limited (GOLD): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2017_02_07_zacks_industry_outlook_highlights_iamgo Tue, 07 Feb 2017 17:30:00 +0300
<![CDATA[Gold Mining Stock Outlook - February 2017]]> Looking back at 2016, gold had an overall good year, with prices rising 8.5% to close 2016 at around $1,150 per ounce after three lackluster years. The start of the year had been stellar for gold as worries over the global economy, Brexit-induced volatile equity markets, followed by the Federal Reserve’s (Fed) stance to maintain steady interest rates and the introduction of negative interest rates by several central banks increased the safe haven appeal of gold and propped up gold prices.

In fact, gold prices surged 25% in the first half of 2016 – the strongest first half performance in 36 years. The yellow metal was the best performing asset, trumping major equity indices, investment grade and high yield bonds as well as commodity indices.

However, the momentum lost its sheen with gold prices losing its footing in the last two months of the year following President Trump’s win and the Fed’s rate hike. In fact, November was the worst month since Jun 2013 with the yellow metal losing 8% of its value. Prior to the election, gold prices had gained around 20% since the beginning of the year.

Gold demand rose 2% in 2016 to reach a 3 year high of 4,308.7 tons. Rising prices for major part of the year as well as regulatory and fiscal hurdles in India and China’s softening economy led to jewelry demand dropping to 7 year lows. On the contrary, demand for gold-backed ETFs peaked to its highest level since 2009 to 531.9 tons.

Concerns over the uncertainty of future interest rate hikes, the U.S election, negative interest rates and price momentum led to ETF inflows through October. However, Q4 saw outflows totaling 193.1 tons as the Nov elections removed a significant element of uncertainty among investors. Trump’s growth boosting plans also increased interest rate expectations and pushed the U.S dollar higher while gold prices moved south.

As per the latest report by the GFMS team at Thomson Reuters, gold supply continued to trickle down in fourth-quarter 2016. This made 2016 the first calendar year of a fall in mine output since 2008. In recent years, additional production from new mines brought on stream has waned. Cost management remains a key priority for the industry. This has helped costs come down well below the peak levels from 2013. Producers have cut down on expenditure and are hesitant to invest in new projects. Instead the producers are focused on maximizing production from their existing portfolio of assets.

Nevertheless, gold prices, have gained 6% so far in 2017. The market was jittery before Trump’s inauguration and consequently gold registered gains. Recently, gold was back above $1,200 an ounce owing to increased safe haven demand as U.S. President Trump‘s immigration ban shook global markets.

Sector Level Earnings Trend
 
As per the Zacks classification, the gold-mining industry comes under the broader Basic Materials sector. Taking into account all the companies that are yet to report in the sector, the sector’s earnings is projected to rise 3.9% in the fourth quarter. This follows a 4.7% increase in the third quarter and a marked improvement from the 11.6% decline witnessed in the second quarter and 15.7% in the first quarter of 2016.

Positive growth will continue in 2017, with first-quarter earnings expected to grow 7.7% followed by 4.9%, 6.2% and 21.1% in the second, third and fourth quarter, respectively. (For a detailed look at the earnings outlook for this sector and others, please read our Earnings Trends report.)

Industry Ranking & Outlook – Neutral

We rank all of the more than 255 industries in the 16 Zacks sectors based on the earnings outlook for the constituent companies in each industry. This ranking is available on the Zacks Industry Rank page. The way to align the ranking and outlook from the complete list of Zacks Industry Rank for the 255+ companies is that the outlook for the top one-third of the list (Zacks Industry Rank of #85 and lower) is positive, the middle one-third (between #86 and #170) is neutral while the outlook for the bottom one-third (Rank #171 and higher) is negative.
 
Currently, the gold mining industry is in the middle tier with a Zacks Industry Rank of #151, indicating a neutral outlook.

What’s in Store for 2017?
 
In the U.S., even though there are positive expectations about President Trump’s economic proposals, there are also concerns. The US dollar has gained ground since Trump’s victory but uncertainty is rife. Further, political risk is rising as Europe will hold key elections in the Netherlands, France and Germany in 2017. Additionally, Britain must negotiate its exit from the European Union. All this will trigger safe haven demand for gold.

An upward inflationary trend is likely support gold demand as it is seen as an inflation hedge. Higher inflation will keep real interest rates low, which in turn makes gold more attractive. Further, inflation makes bonds and other fixed income assets less appealing to long-term investors.

In Asia, gold demand will continue to be backed by retail demand for the metal, due to festival and wedding related buying activities in countries like India and China. Further, demand from the central bank will support prices as this sector has remained remarkably consistent.
 
While demand will remain strong, supply of this precious metal has already attained peak levels as per reports. Lower gold prices in the past few years had restricted the ability of gold producers to invest in new projects. There are few new projects and expansions expected to begin producing this year. Further, those in the near-term pipeline are generally fairly modest in scale.

Thus, global mine supply is set to continue its downward journey in 2017. Lower mined gold supply could eventually help prices navigate north.

How to Play the Industry

A positive outlook for the industry reinforced by expectations of earnings growth eventually in 2016 makes a good investment case for the gold mining industry. Investors can consider the following gold stocks that are backed by a solid Zacks Rank and estimate revisions.

With positive estimate revisions, positive record of earnings surprises in the recent quarters, and robust earnings growth projected for 2017, IAMGOLD Corp. (IAG), can be a solid addition to one’s portfolio. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Harmony Gold Mining Company Ltd. (HMY) carries a Zacks Rank #2 (Buy) and its estimates for fiscal 2017 have moved up around 10% over the last 7 days. Further, for fiscal 2018 it has gone up 46%. The stock has an expected earnings growth of 253.33% for fiscal 2017.

AngloGold Ashanti Ltd. (AU), also carries a Zacks Rank #2 and has a projected earnings growth of 234% for 2016 and 47.90% for 2017.

However, we suggest staying away from or getting rid of Zacks Rank #5 (Strong Sell) stocks such as Goldcorp Inc. (GG) and Randgold Resources Ltd. (GOLD). These stocks have witnessed downward revision in their estimates and also have a negative record of earnings surprise history in recent quarters.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Iamgold Corporation (IAG): Free Stock Analysis Report
 
Harmony Gold Mining Company Limited (HMY): Free Stock Analysis Report
 
Randgold Resources Limited (GOLD): Free Stock Analysis Report
 
Goldcorp Inc. (GG): Free Stock Analysis Report
 
AngloGold Ashanti Limited (AU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_02_06_gold_mining_stock_outlook_february_201 Mon, 06 Feb 2017 22:52:00 +0300
<![CDATA[Harmony (HMY) Reports Profits in 1H17, Sales Improve Y/Y]]> Harmony Gold Mining Company Limited HMY posted adjusted earnings of 11 cents per share for the first half of fiscal 2017 (ended Dec 31, 2016) as against a loss of 8 cents per share recorded in the first half of fiscal 2016. The improvement was primarily due to an increase in gold prices along with gains from Hidden Valley acquisition as well as gold and currency hedges.

Revenues and Costs

Revenues increased 10.5% year over year to $706 million in the first half of fiscal 2017 from $639 million registered in the first half of fiscal 2016.

Gold production increased 8% sequentially to 553,862 ounces (oz) in the first half of fiscal 2017. Gold ounces sold, rose 6% sequentially to 544,086 oz in the first half of fiscal 2017.

Cost of sales increased 10.2% year over year and 28.3% sequentially to $648 million in the first half of fiscal 2017. Cash operating costs rose 17% sequentially to $974 per oz. All-in-sustaining costs of $1,136 per oz rose 14% from the second half of fiscal 2016.

Financial Overview

Cash and cash equivalents increased 57.1% to $88 million as of Dec 31, 2016 from $56 million as of Dec 31, 2015. Cash flow generated from operating activities was $137 million for the six months ended Dec 31, 2016, compared with $128 million for the six months ended Dec 31, 2015.

Harmony declared an interim dividend of 4 cents per share for the first half of fiscal 2017.

Outlook

At the Hidden Valley mine, the company is currently processing at the Hamata pit and expects operations to be shut for five months due to maintenance. The mine is expected to commence commercial production from fiscal 2019.

The mine is expected to generate 180,000 ounces of gold at an all-in sustaining cost ranging $850–$950 per ounce on average. Harmony expects to reinvest $70 million and $110 million in fiscal year 2017 and 2018, respectively.

In the fiscal year, the company plans to produce about 1,050,000 ounces of gold at roughly $1,100 per oz.

Harmony has outperformed the Zacks categorized Mining-Gold industry year to date. The company’s shares have gained around 19.9% over this period, compared with roughly 16.1% gain recorded by the industry.

Zacks Rank & Other Stocks to Consider

Harmony holds a Zacks Rank #2 (Buy).

Other favorably placed companies in the mining space are IAMGOLD Corporation IAG, Pretium Resources Inc. PVG and Teck Resources Limited TECK.

IAMGOLD has an expected long-term growth rate of 3% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Pretium Resources holds a Zacks Rank #2 and has delivered an average positive surprise of 14.58% over the trailing four quarters.

Teck Resources, also sporting a Zacks Rank #1, has an expected long-term growth rate of 10.65%.

Zacks' Top Investment Ideas for Long-Term Profit

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Pretium Resources, Inc. (PVG): Free Stock Analysis Report
 
Iamgold Corporation (IAG): Free Stock Analysis Report
 
Harmony Gold Mining Company Limited (HMY): Free Stock Analysis Report
 
Teck Resources Ltd (TECK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_02_06_harmony_hmy_reports_profits_in_1h17_s Mon, 06 Feb 2017 16:07:00 +0300
<![CDATA[Shun These Gold Stocks If Precious Metal Slump Continues]]> Gold prices slumped to a ten-month low after the U.S. Federal Reserve finally raised interest rates for the first time in 2016 citing improvement in the labor market and a strengthening U.S. economy. The Fed also signalled faster pace of hikes next year.

Rate Hike Batters Bullion

As widely expected, the Fed raised benchmark interest rates by a quarter of a percentage point to 0.5%-0.75% from 0.25%-0.5%, only the second hike in a decade. The central bank also hinted three rate hikes in 2017, up from the prior expectations of two. The Fed, in its statement, said that economic growth has picked up since mid-2016 and the labor market continued to strengthen.

Household spending continues to rise at a moderate pace while job gains have been strong of late, the Fed statement noted. But it added that business investment remains weak. Moreover, inflation (an important determinant of interest rates) has picked up since earlier this year and is expected to rise to 2% over the medium term as the temporary effects of declines in energy and import prices mitigate, per the statement. The Fed also stated that near-term risks facing the economy appear “roughly balanced.”

Gold prices for February delivery on the Comex division of the New York Mercantile Exchange closed 2.9% lower at $1,129.80 a troy ounce yesterday, the lowest level since Feb 2, as the rate hike knocked the wind out of the yellow metal. Gold traded as low as $1,124.30 on Wednesday following the Fed announcement.

Higher interest rates have a bearish effect on gold as it provides no yield and the metal has to struggle to compete with interest paying assets in a climate of rising borrowing costs. Moreover, prospects of a more-hawkish stance from the Fed next year weighed on gold. President-elect Donald Trump's proposed tax cuts, deregulation and fiscal stimulus are likely to spur economic activity and trigger a rise in inflation, which could prompt the central bank to further increase rates.

Gold’s decline was also triggered by a surge in the U.S. dollar that hit a 14-year high on the combined impact of the rate increase and expectations of more hikes next year. A hike in interest rates boosts the dollar and weighs on precious metals, including gold. It is a well known fact that there is an inverse relationship between the greenback and the price of gold.

Gold prices broke above the $1,300 per troy ounce level in Jun 2016 after Britain voted to leave the European Union (EU). The market-shattering move sparked as much as around 8% surge in the metal’s prices to trade at levels last seen in Jul 2014.

However, after making the most of market panic post Brexit, gold seems to be losing its sheen once again. The yellow metal lost 8% of its value in Nov 2016, the worst monthly performance since Jun 2013. With this, the strong run gold enjoyed this year, came to an abrupt end. The double-digit gains that the yellow metal saw before November have now diminished to a roughly 6.5% gain.
 
Demonetization Hurting Indian Demand  

Another factor that has dealt a body blow to gold of late is the fading retail demand in India, the world's second-biggest gold consuming nation. The country is a major buyer of the metal during this time of the year due to the wedding season.

However, the Indian government’s move to demonetize high denomination currency notes last month in a bid to crack down on unaccounted wealth has hit the Indian gold industry hard. The subsequent cash crunch triggered by demonetization has left in the lurch a large section of Indian society, including farmers. The farming community accounts for bulk of gold purchases in the country. Retail demand is expected to remain low over the next few months in India due to the ongoing cash crisis and concerns that the government might curb domestic gold holdings.

Gold Stocks to Steer Clear Of

The prospect of a brisker monetary tightening is likely to remain a major source of headwind for gold in the near term. In case the slump in gold continues amid an unsupportive environment, it will be a prudent move to get rid of certain gold mining stocks that are suffering negative estimate revisions and carry an unfavorable Zacks Rank.

For that we have screened gold mining stocks that either have a Zacks Rank #4 (Sell) or a Zacks Rank #5 (Strong Sell) and also have witnessed downward estimate revisions. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

AngloGold Ashanti Ltd. AU    

Headquartered in Johannesburg, South Africa, AngloGold Ashanti operates as a gold mining and exploration company. AngloGold currently carries a Zacks Rank #5. Its estimates for the current fiscal have gone down 26% over the past 90 days.

Richmont Mines Inc. RIC

Richmont engages in the mining, exploration, and development of mining properties in Canada. It has operations in Quebec, Ontario and Newfoundland and holds interests in the Francoeur Mine, Beaufor Mine and Camflo Mill in Quebec, and the Island Gold Mine in Ontario. The stock carries a Zacks Rank #5. The Zacks Consensus estimate for the company has suffered a 34% drop over the past 90 days.

Harmony Gold Mining Company Limited HMY    

Based in Randfontein, South Africa., Harmony Gold Mining is engaged in the exploration and mining of gold in South Africa and Papua New Guinea. Harmony Gold currently carries a Zacks Rank #4. Its estimates for the current fiscal have gone down 31% over the past 90 days.

Yamana Gold, Inc. AUY        

Headquartered in Toronto, Canada, Yamana Gold engages in gold mining and related activities, including exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas. The stock currently carries a Zacks Rank #4. The Zacks Consensus Estimate for the current fiscal has declined 41% over the past 90 days.

Gold Fields Ltd. GFI    

Based in Sandton, South Africa, Gold Fields is an unhedged, globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa. The company currently carries a Zacks Rank #4. Its estimates for the current fiscal have gone down 31% over the past 90 days.

Where Do Zacks' Investment Ideas Come From?

You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>


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ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
GOLD FIELDS-ADR (GFI): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
RICHMONT MINES (RIC): Free Stock Analysis Report
 
YAMANA GOLD INC (AUY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2016_12_17_shun_these_gold_stocks_if_precious_metal Sat, 17 Dec 2016 00:26:00 +0300
<![CDATA[Zacks Industry Outlook Highlights: Alamos Gold, Harmony Gold Mining, AngloGold Ashanti and Pretium Resources]]> For Immediate Release

Chicago, IL – October 14, 2016 – Today, Zacks Equity Research discusses the Gold Mining, part 3, including Alamos Gold, Inc. (NYSE:AGI-Free Report),Harmony Gold Mining Company Ltd. (NYSE:HMY-Free Report),AngloGold Ashanti Ltd. (NYSE:AU-Free Report) andPretium Resources Inc. (NYSE:PVG- Free Report).

Industry: Gold, part 3

Link: https://www.zacks.com/commentary/93002/factors-that-could-halt-the-gold-rush

Demand for gold will remain strong in the years to come given the demand for jewelry, bars and coins as well as its safe-haven appeal. Yet, the gold mining industry has a number of lurking headwinds. Below, we have discussed some of the key challenges and what investors in the sector can look forward to in the coming months and years.

China Woes

China's stock market has been shaken by the slowdown in the country's economy. China's economy grew at an annual rate of 6.7% in the second quarter, the slowest quarterly growth in seven years. The Chinese government is targeting for growth of 6.5 to 7% in 2016, a slower pace than what it had got accustomed to in the past two decades.

The International Monetary Fund (IMF) projects 6.6% growth in China in 2016. In China, policymakers continue to shift the economy away from its reliance on investment and industry toward consumption and services. This is anticipated to slow growth in the short term while building the foundations for a more sustainable long-term expansion.

The continued general economic slowdown has had a negative impact on customer sentiment. Demand in the second quarter slumped 15% to 143.5 tons, taking the first half total to 322.5 tons, the lowest first half total for Chinese jewelry since 2012. Moreover, changing consumer preferences is also impacting volumes as a growing younger customer base opting for fashionable, unique, highly-designed 18k or gem-set pieces rather than traditional 24k jewelry.

Production to Flatten on Lack of New Projects

Mine production in 2015 saw its first quarterly decline and its slowest annual growth rate since 2008. While output is slowing down from older mines, particularly in South Africa and the U.S., the incremental impact on production from new mines coming on stream is gradually on the ebb. Previously, incremental production from newer mines led to continued growth in overall gold production. However, newer mines are now at or near their full potential, leading to a slowing down in the growth rates. This has made further production gains increasingly difficult.

After a period of implementing cuts to spending on capital and administration, much of the recent cost reduction has come from lower oil prices and favorable exchange rate moves. Reduced spending on exploration and development has already taken its toll on the production pipeline and will further squeeze production over the coming quarters.

Some gold companies are currently high-grading at certain mines. The high-grade portion of a mine is mined first as this increases the grade of the mined ore and lowers cost per unit.

However, it has its pitfalls as it depletes reserves very quickly, thus affecting long-term supply. Gold miners, grappling with low gold prices and cost pressure, have not been in a position to invest in new projects in recent years. Companies have slashed capital and exploration spending. Given the lack of new projects, mine production will eventually reach a plateau in the next couple of years.

Gold Substitutes in Technology

Demand for gold in technological applications is affected by sluggish economic conditions in key markets and substitutes found for the metal. Despite inferior durability, copper and palladium-coated copper have made vast inroads into the share of gold in the bonding wire sector. The decade-long decline in the dental sector shows no sign of abatement as gold continues to lose ground to ceramic alternatives, which have improved steadily in quality, strength and durability.

Impact of a Stronger Greenback, Rate Hike

There is an inverse relationship between the trade-weighted U.S. dollar and the price of gold. If the dollar gains strength against major currencies on the back of positive macroeconomic data, like an improving job market and growing industrial activity, it will again put gold prices under pressure.

Lately better than expected economic data has increased the speculation that the FED will raise interest rates by December. This led to a climb in US dollar to two months high and consequently gold dipped below $1,300 an ounce. Additionally pushing down gold is the dollar's rise against the British pound, which slumped to a 31-year low against the dollar after the release of a timeline for Britain's exit from the European Union.

Inherent Risks

Gold exploration and mining are time consuming and expensive tasks. Given its scarcity and remote location of deposits, exploration for new gold deposits is difficult. Once an economically viable deposit is identified, bringing a mine on line can take a decade or more, and it requires substantial capital investment.

Moreover, the mining industry is subject to several risks such as political conflicts, environmental hazards, industrial accidents, unexpected geological conditions, labor force disruptions, unavailability of materials and equipment, weather conditions, pit wall failures, rock bursts, cave-ins, flooding, seismic activity and water conditions. However, once a mine is successfully developed, its returns can be enormously high. This will more than offset the risks inherent in development and the capital invested for the project.

Gold Stocks to Avoid for the Time Being

We presently recommend investors to stay away from the following gold stocks as they presently have an unfavorable Zacks Rank. The other metrics also indicate that they are not profitable investment options at present.

Alamos Gold, Inc. (NYSE:AGI- Free Report) currently has a Zacks Rank #4 (Sell). The average negative surprise for the last four quarters is 103.22%. The 2016 earnings estimates have gone down by 42% in the last 60 days.

Harmony Gold Mining Company Ltd. (NYSE:HMY- Free Report) currently has a Zacks Rank #4. The 2016 earnings estimates have gone down by 7% in the last 60 days.

AngloGold Ashanti Ltd. (NYSE:AU- Free Report) carries a Zacks Rank #5 (Strong Sell). The average negative surprise for the last four quarters is 360%.

Earnings estimates for Pretium Resources Inc. (NYSE:PVG- Free Report) have gone down over the last 60 days. The Zacks Consensus Estimate for 2016 is at a loss per share of 22 cents. The company currently has a Zacks Rank #4. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

Bottom Line

Dwindling production, lack of new projects and decline in recycling activity and the constant threat of a stronger greenback are some of the sector’s worst detractors. But what about investing in the space right now -- are there opportunities for short-term investors overriding the headwinds?

About Zacks

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ALAMOS GOLD INC (AGI): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
PRETIUM RES INC (PVG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2016_10_14_zacks_industry_outlook_highlights_alamo Fri, 14 Oct 2016 19:25:03 +0300
<![CDATA[Factors That Could Halt the Gold Rush]]> Demand for gold will remain strong in the years to come given the demand for jewelry, bars and coins as well as its safe-haven appeal. Yet, the gold mining industry has a number of lurking headwinds. Below, we have discussed some of the key challenges and what investors in the sector can look forward to in the coming months and years.

China Woes

China's stock market has been shaken by the slowdown in the country's economy. China's economy grew at an annual rate of 6.7% in the second quarter, the slowest quarterly growth in seven years. The Chinese government is targeting for growth of 6.5 to 7% in 2016, a slower pace than what it had got accustomed to in the past two decades.

The International Monetary Fund (IMF) projects 6.6% growth in China in 2016. In China, policymakers continue to shift the economy away from its reliance on investment and industry toward consumption and services. This is anticipated to slow growth in the short term while building the foundations for a more sustainable long-term expansion.

The continued general economic slowdown has had a negative impact on customer sentiment. Demand in the second quarter slumped 15% to 143.5 tons, taking the first half total to 322.5 tons, the lowest first half total for Chinese jewelry since 2012. Moreover, changing consumer preferences is also impacting volumes as a growing younger customer base opting for fashionable, unique, highly-designed 18k or gem-set pieces rather than traditional 24k jewelry.

Production to Flatten on Lack of New Projects

Mine production in 2015 saw its first quarterly decline and its slowest annual growth rate since 2008. While output is slowing down from older mines, particularly in South Africa and the U.S., the incremental impact on production from new mines coming on stream is gradually on the ebb. Previously, incremental production from newer mines led to continued growth in overall gold production. However, newer mines are now at or near their full potential, leading to a slowing down in the growth rates. This has made further production gains increasingly difficult.

After a period of implementing cuts to spending on capital and administration, much of the recent cost reduction has come from lower oil prices and favourable exchange rate moves. Reduced spending on exploration and development has already taken its toll on the production pipeline and will further squeeze production over the coming quarters.

Some gold companies, including Barrick Gold Corp. (ABX), Goldcorp, Inc. (GG) and Newmont Mining Corp. (NEM) are currently high-grading at certain mines. The high-grade portion of a mine is mined first as this increases the grade of the mined ore and lowers cost per unit.

However, it has its pitfalls as it depletes reserves very quickly, thus affecting long-term supply. Gold miners, grappling with low gold prices and cost pressure, have not been in a position to invest in new projects in recent years. Companies including AngloGold Ashanti Ltd (AU) and Agnico Eagle Mines Limited (AEM) have slashed capital and exploration spending. Given the lack of new projects, mine production will eventually reach a plateau in the next couple of years.

Gold Substitutes in Technology

Demand for gold in technological applications is affected by sluggish economic conditions in key markets and substitutes found for the metal. Despite inferior durability, copper and palladium-coated copper have made vast inroads into the share of gold in the bonding wire sector. The decade-long decline in the dental sector shows no sign of abatement as gold continues to lose ground to ceramic alternatives, which have improved steadily in quality, strength and durability.

Impact of a Stronger Greenback, Rate Hike

There is an inverse relationship between the trade-weighted U.S. dollar and the price of gold. If the dollar gains strength against major currencies on the back of positive macroeconomic data, like an improving job market and growing industrial activity, it will again put gold prices under pressure.

Lately better than expected economic data has increased the speculation that the FED will raise interest rates by December. This led to a climb in US dollar to two months high and consequently gold dipped below $1,300 an ounce. Additionally pushing down gold is the dollar's rise against the British pound, which slumped to a 31-year low against the dollar after the release of a timeline for Britain's exit from the European Union.

Inherent Risks

Gold exploration and mining are time consuming and expensive tasks. Given its scarcity and remote location of deposits, exploration for new gold deposits is difficult. Once an economically viable deposit is identified, bringing a mine on line can take a decade or more, and it requires substantial capital investment.

Moreover, the mining industry is subject to several risks such as political conflicts, environmental hazards, industrial accidents, unexpected geological conditions, labor force disruptions, unavailability of materials and equipment, weather conditions, pit wall failures, rock bursts, cave-ins, flooding, seismic activity and water conditions. However, once a mine is successfully developed, its returns can be enormously high. This will more than offset the risks inherent in development and the capital invested for the project.

Gold Stocks to Avoid for the Time Being

We presently recommend investors to stay away from the following gold stocks as they presently have an unfavourable Zacks Rank. The other metrics also indicate that they are not profitable investment options at present.

Alamos Gold, Inc. (AGI) currently has a Zacks Rank #4 (Sell). The average negative surprise for the last four quarters is 103.22%. The 2016 earnings estimates have gone down by 42% in the last 60 days.

Harmony Gold Mining Company Ltd. (HMY) currently has a Zacks Rank #4. The 2016 earnings estimates have gone down by 7% in the last 60 days.

AngloGold Ashanti Ltd. (AU) carries a Zacks Rank #5 (Strong Sell). The average negative surprise for the last four quarters is 360%.

Earnings estimates for Pretium Resources Inc. (PVG) have gone down over the last 60 days. The Zacks Consensus Estimate for 2016 is at a loss per share of 22 cents. The company currently has a Zacks Rank #4. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.     

Bottom Line

Dwindling production, lack of new projects and decline in recycling activity and the constant threat of a stronger greenback are some of the sector’s worst detractors. But what about investing in the space right now -- are there opportunities for short-term investors overriding the headwinds?

Check out our latest Gold Mining Outlook for more on the current state of affairs in this market from an earnings perspective, and how the trend is looking for this important sector of the economy now.

 

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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2016_10_14_factors_that_could_halt_the_gold_rush Fri, 14 Oct 2016 00:52:00 +0300
<![CDATA[Why Were Gold Mining Stocks Down on Tuesday?]]> On Tuesday, gold prices touched lows it hasn’t since June this year. The metal was affected by a strong U.S. dollar, supported by positive economic data as well as depreciation of other strong currencies. Though not always, gold prices and the U.S. dollar mostly tend to move in opposite directions.

December gold prices broke below the psychological level of $1,300 an ounce on Tuesday, to settle at $1,269.70 an ounce, falling 3.3%. The price is the lowest the metal has touched since the Brexit vote in June, while the one day loss is the biggest since Dec 2013.

Why is the Dollar Rising?

The U.S. dollar rose roughly 0.5% on Tuesday and touched its highest level in nearly two months.

Since the Fed announced its decision to raise rates in 2016, the meetings as well as the run-up to them have spiked volatility in the money markets. While the September meeting left the rates unchanged, it was stated that the case for an increase had strengthened. The Fed has been holding off a hike until the economic conditions improve and the release of recent U.S. economic data indicates that the economy is performing well. The ISM Manufacturing PMI data released on Oct 3 shows that the manufacturing sector in the economy expanded in September after a contraction in August.

A hike in rates is expected at least once before the year is over. The next meeting in November is not likely to see the FOMC raising rates due to its proximity to the elections. Nevertheless, the possibility cannot be completely ruled out. On Oct 3, Cleveland Fed President, Loretta Mester, stated that next month could see the rates being raised, particularly if the economic data released until then is strong. Employment data is scheduled to release this Friday which may particularly affect the decision. In case of a rate hike, the dollar will further appreciate, making dollar-denominated commodities, gold in particular, less appealing.

Additionally, the U.S. dollar is positively affected if another strong currency faces a decline. The ECB is believed to be forming an informal consensus to wind down bond purchases before the conclusion of the quantitative easing program, which further strengthens the dollar.

Impact on Gold Mining Companies

Stocks of gold mining companies are highly susceptible to volatility in gold prices. The drop in the yellow metal's prices on Tuesday led these companies’ stock prices to lose value as well. Some of the major impact on the share price of gold mining companies is noted below:

Shares of Newmont Mining Corporation NEM fell 10.1% to close at $34.25.

Shares of Kinross Gold Corporation KGC declined 13.1% to close at $3.58.

Shares of Harmony Gold Mining Company Limited HMY fell 10.6% to close at $3.12.

Shares of Barrick Gold Corporation ABX declined 11.2% to close at $15.45.

Shares of B2Gold Corp. BTG fell 10.3% to close at $2.35.

Shares of Goldcorp Inc. GG slipped 8.7% to close at $14.41.

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Zacks Investment Research]]>
http://so-l.ru/news/y/2016_10_05_why_were_gold_mining_stocks_down_on_tues Wed, 05 Oct 2016 15:58:00 +0300
<![CDATA[Биржи в терминале EXANTE: NYSE]]> Не секрет, что главное преимущество платформы EXANTE – это доступ к большому количеству фондовых бирж и инструментов с единого счета. Наши клиенты могут торговать уже на более чем 45 рынках, и это число постоянно растет. 

Сегодня мы открываем цикл текстов об основных биржах мира, в которых расскажем об их истории, особенностях и роли в современной экономике. А также о компаниях, которые на них торгуются, и о том, чем эти компании интересны трейдеру. Рассказ мы начнём с наиболее известной – Нью-Йоркской фондовой биржи (New York Stock Exchange, NYSE).

Биржи в терминале EXANTE: NYSE


Место в мировой экономике

Нью-Йоркская фондовая биржа считается мировой фондовой биржей номер один. Своего рода, биржей «по умолчанию». И неспроста. NYSE с большим отрывом лидирует по суммарной капитализации компаний, которые на ней торгуются: более $19T (триллионов). У её ближайшего конкурента – NASDAQ – этот показатель втрое меньше. Также NYSE – лидер среди фондовых бирж по числу компаний (порядка 4000) и месячному объёму торгов ($1.5T). Впрочем, по этим параметрам её отрыв от конкурентов не так велик. Например, на NASDAQ торгуется 3200 компаний при месячном объёме $1.2T. А некоторые товарно-сырьевые биржи (например, Чикагская) даже опережают NYSE по объёму торгов. Но товарно-сырьевые биржи – это совсем другая история.

Акции большинства известных американских компаний – Coca-Cola, Boeing, Pfizer, Ford, Walt Disney, McDonald’s и многие другие – торгуются именно на NYSE. Именно на основе котировок NYSE в XIX веке начал вычисляться старейший из известных фондовых индексов – Dow Jones Industrial Average. Компании с NYSE занимают большинство лидирующих строчек главных американских и международных фондовых индексов (кроме тех, что специализируются на некрупных компаниях или компаниях из стран с развивающейся экономикой). Dow Jones, Global Dow, S&P 500 – во всех этих индексах большинство крупнейших компаний – компании с NYSE. 

Биржи в терминале EXANTE: NYSE

Самое знаменитое здание NYSE на Wall Street. Этот район Нью-Йорка столь тесен, что фотографам приходится идти на всевозможные ухищрения, чтобы сфотографировать здание биржи «в фас».

NYSE – это не просто биржа, но символ мировой торговли. Даже название улицы, где она расположена – Wall Street – стало нарицательным. Престиж Нью-Йоркской биржи так велик, что все ведущие онлайн-брокеры стараются дать пользователям доступ к ней. Многие компании, акции которых уже торгуются на других крупных биржах (например, в Европе или Азии), стремятся также попасть на NYSE. Благодаря тому, что многие компании торгуются одновременно и на «родной» бирже, и на NYSE, суммарная капитализация NYSE сегодня охватывает 60% мирового рынка акций (но это не значит, что её капитализация больше суммарной капитализации остальных бирж вместе взятых).

История

NYSE – одна из старейших бирж мира. Она была основана в 1792 году, а её фактическая история уходит ещё глубже в прошлое. Долгое время в XVIII веке американские брокеры торговали акциями в Нью-Йоркских кофейнях, и лишь потом взяли пример с европейских коллег, сделав свою деятельность более официальной. 

NYSE не сразу завоевала лидерство в мире. XIX век был веком финансового господства Великобритании и её Лондонской фондовой биржи (London Stock Exchange, LSE). Но в XX веке после Первой мировой войны американская экономика всерьёз бросила вызов английской.  NYSE заняла в мире первое место по капитализации, оттеснив LSE. 

Большую часть XX века NYSE сохраняла лидерство. Но не всегда оно было прочным. Так, именно на NYSE в 1929 году произошёл крах, когда индекс Dow Jones упал на 40%. Результатом этого стала Великая депрессия. Справедливости ради, отметим, что в 2007-2009 годах этот индекс упал на 50%, но это не повлекло таких катастрофических последствий. Наученные горьким опытом прошлого, государства научились спокойнее реагировать на подобные явления. Ещё одним вызовом для NYSE стал подъём Токийской фондовой биржи (TSE) в 1980-х годах. TSE удалось временно обогнать NYSE в битве за мировое господство. Но японская экономика тех лет оказалась пузырём. Он сдулся в 1990-х годах, и NYSE восстановила лидерство. 

Юридические особенности

Обратная сторона престижа NYSE – сложность требований, которые она предъявляет к компаниям и брокерам. Непосредственно участвовать в работе биржи (в том числе, торговать без посредников) могут лишь 1366 членов биржи, и это число неизменно с середины XX века. Место члена биржи можно купить, но его цена доходит до $3M (миллионов). А акционерная компания, желающая торговаться на NYSE (получить на ней листинг), должна удовлетворять нескольким жёстким условиям. 

Она должна быть крупной как коммерческое предприятие. В частности, доход до выплаты налогов за предыдущий год должен составлять не менее $2.7M, а прибыль за 2 года – не менее $3M. Чистая стоимость материальных активов – не менее $18M. 
Она должна быть крупной как акционерное общество. У неё должно быть не менее 2000 крупных акционеров, владеющих, как минимум, 100 акциями, а суммарная стоимость акций в публичном владении – не менее $1.1M.
Её акции должны быть популярными: Среднемесячный объём торговли ими должен составлять не менее $100000 в течение последних 6 месяцев.

Сегодня NYSE не является самостоятельной коммерческой компанией. В 2007 году она была включена в конгломерат NYSE Euronext, объединивший её с большинством крупных бирж Европы (суммарная капитализация конгломерата составила порядка $30T), а в 2013 году она поглощена холдингом Intercontinental Exchange. Но де факто NYSE во многом сохранила автономность и обычно рассматривается как отдельная биржа.

Ещё одним подразделением Intercontinental Exchange является электронная биржа NYSE Arca. Несмотря на наличие в названии аббревиатуры «NYSE», это отдельная специфическая биржа, «конёк» которой – торговля биржевыми инвестиционными фондами (exchange-traded funds, ETF). Среди них – знаменитые фонды SPY и DIA, цена которых пропорциональна величине индексов S&P 500 и Dow Jones. Купив эти фонды, можно зарабатывать на изменениях не котировок отдельных акций, а целых индексов. Но о бирже NYSE Arca мы поговорим подробнее в одной из следующих частей цикла. 

На что обратить внимание инвестору

Чтобы начать торговать акциями на NYSE, надо иметь аккаунт у любого из фондовых брокеров, которые дают туда доступ. Этот доступ должен быть реальным (Direct Market Access, DMA), а не через суррогатные инструменты типа CFD (Contract for Difference). Клиенты EXANTE получают именно прямой доступ ко всем рынкам, в том числе и к NYSE.

Из тысяч компаний, которые торгуются на NYSE, нельзя сходу выделить самые привлекательные для инвесторов. Но многим читателям будет интересно узнать, какие компании сейчас лидируют по отдельным рыночным показателям. 

По капитализации впереди всех – финансовая компания миллиардера Уоррена Баффетта Berkshire Hathaway (тикеры BRK.A и BRK.B). Её капитализация равна $373B (миллиардов). Затем идут нефтяная компания Exxon Mobil (тикер XOM, капитализация $360B), энергетическая компания General Electric (основанная Томасом Эдисоном в XIX веке, тикер GE, капитализация $280B), телекоммуникационная компания AT&T (основанная изобретателем телефона Александром Беллом в том же XIX веке, тикер T, капитализация $251B). У AT&T, к тому же, сейчас неплохие дивиденды (около 5% в год) и рост котировок (23% за год). 

Самый большой годовой рост котировок – 586% – показала относительно небольшая нефтегазовая компания Resolute Energy (тикер REN), а самые высокие годовые дивиденды – 42% – ещё меньшая нефтегазовая GulfMark Offshore (тикер GLF). В целом, в этом году на подъёме находятся компании добывающего сектора. В частности, золотодобывающие. Например, DRDGOLD (тикер DRD, годовой рост 352%), Harmony Gold Mining (тикер HMY, рост 296%), Barrick Gold (тикер ABX, рост 151%).

Самая дорогая акция сегодня – у упомянутой нами Berkshire Hathaway Inc: она стоит $225000. И хотя такая цена кажется курьёзом, даже эти акции каждый день кто-то покупает. Но объём сделок – лишь несколько десятков в день. Для NYSE это немного. Другие акции на бирже стоят не более $1700, и ежедневные объёмы торгов по ним доходят до миллионов. А самая популярная акция года – акция Bank of America (тикер BAC, капитализация $168B). Она стоит лишь $16, а средний объём торгов по ней – 74 миллиона акций в день. 

NYSE работает с 17:30 до 00:00 по московскому времени (9:30-16:00 по Нью-Йоркскому). Полный список торгуемых компаний можно посмотреть на сервисе Stock Screener сайта finance.google.com (в первом окошке надо выбрать «United States», во втором – «New York Stock Exchange»). Там можно самостоятельно выстроить рейтинги компаний по разным параметрам. Например, по размеру дивидендов, щёлкнув на заголовок графы «Div yield (%)», по росту котировок за год («52w price change») или по капитализации («Market Cap»). 

У каждого интернет-брокера есть свои комиссии при работе клиента с NYSE. Как правило, ввиду известности биржи, они невелики: $0.02 за акцию и ниже. Но у большинства брокеров есть минимальная комиссия за сделку (например, $1 и выше), сколько бы акций там ни было. В EXANTE минимальная комиссия за сделку отсутствует, а размер комиссии – 0.02$ за акцию. 

]]>
http://so-l.ru/news/y/2016_09_08_birzhi_v_terminale_exante_nyse Thu, 08 Sep 2016 12:47:38 +0300
<![CDATA[4 Gold Stocks Sparkle as August Sees Weak Jobs Growth]]> Weak August jobs data have dimmed hopes of a rate hike in the near term. With this, yield bearing assets lost their appeal and the U.S. dollar lost value. Both of these developments drove gold prices which will act as a hedge against uncertainties cropping from the drop in dollar value.

Gold has raked in stellar returns this year. We are also into that part of the year when returns from gold have been historically high. Hence, it will be prudent to invest in stocks exposed to the yellow metal.

Gold Enjoys a Bull Run

Gold prices held steady on Monday after closing at a one-week high in the previous session. At around 1:59 pm in New York on Friday, gold for immediate delivery rose 0.1% to $1,326.91 an ounce, the highest since Aug 23, according to Bloomberg generic pricing. Prices soared on Friday after moderate hiring in August opposed Fed’s rate hike bets. 

With the Fed refraining from further tightening, gold has surged almost 30% this year. Brexit-induced volatility across the broader markets also drove demand for safe-haven assets like the yellow metal (read more: Brexit It Is; Gold Shoots to 2-Year Highs).

To top it, we are now in September, historically the best month of the year for the yellow metal. Since early 1970’s, the average return gold has produced in September is 2.2%, while the average return for the rest of the 11 months combined is 0.6%. On the other hand, September has spooked investors, with both the S&P 500 and the Dow generally closing in the negative (read more: 5 Best Stocks to Buy for a Dreadful September).

Jobs Report Disappoints

Following huge gains in early summer, pace of hiring slowed down in August. The non-farm payroll reading of 151,000 last month was well below the estimated 180,000 and the upwardly revised prior-month reading of 275,000. The unemployment rate was unchanged from the prior month at 4.9%, whereas analysts had expected the rate to fall to 4.8%.

Average hourly earnings on private nonfarm payrolls grew 0.1% last month and 2.4% from a year earlier to $25.73 in August. However, this was less than July’s annual gain of 2.7%, which was the best in seven years.

August’s wage gains won’t fuel inflation, which had remained short of the Fed’s target range of 2% for a considerable period of time. Reaching the desired inflation level is one of the primary requirements for the Fed to hike rates. After the report, chances of a rate hike in September fell to 24% (read more: What's a Goldilocks Non-Farm Payroll Report?).

Low Borrowing Cost: Boon for Gold

As chances of a rate hike ebb, yield bearing investments like bonds and other fixed income investments turn out to be less attractive, while gold which bears no yield becomes alluring.

Further, the U.S. dollar dipped against major currencies on receding expectations of an imminent interest rate rise. There is an intrinsic co-relation between gold prices and the U.S. dollar. Banks generally tend to invest more in gold when U.S. dollar falls in order to protect their money and hedge against uncertainties. This in turn increases the value and subsequently boosts the demand for gold (read more: The Effect of Fed Fund Rate Hikes on Gold).

Which are the Best Gold Stocks to Own Now?

Investors should cash in on the encouraging trend by buying gold mining stocks. This will give them a share in an enterprise that boasts of value creation.

Needless to say, demand for gold will improve as retailers like India and China will need more gold during the second half of this year, courtesy of the festivities. This brings us to the all-important question, which stocks to buy?

We have selected four gold mining stocks that boast a Zacks Rank #1 (Strong Buy) or 2 (Buy). The search was narrowed down with a VGM score of ‘A’ or ‘B’. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.

Barrick Gold Corporation ABX engages in the exploration and development of mineral properties internationally, including the United States. The company has a Zacks Rank #2 and a VGM score of ‘B’.

Barrick Gold has been on the rise over the past 60 days, as estimates have risen from 48 cents a share to just 68 cents.  The estimated earnings growth rate for the current year is 125.9%, way above the industry’s growth rate of 19.6%.

IAMGOLD Corp. IAG develops and operates mining properties in North and South America, and West Africa. The company has a Zacks Rank #2 and a VGM score of ‘B’.

IAMGOLD has been on an uptrend over the past 60 days, as estimates rose from (10 cents) a share to 5 cents.  The estimated earnings growth rate for the current year is 111.6% (read more: Why IAMGOLD Could Be a Potential Winner).

AngloGold Ashanti Ltd. AU operates as a gold mining and exploration company. Its portfolio includes 17 mines some of which are located in the United StatesAngloGold Ashanti has a Zacks Rank #1 and a VGM score of ‘A’.

The company has been on an upward trend over the past 60 days, as estimates escalated from 82 cents/share to $1.13.  The estimated earnings growth rate for the current year is 352%.

Harmony Gold Mining Company Limited HMY conducts underground and surface gold mining. It is also engaged in related activities such as exploration, processing, smelting and refining. The company has a Zacks Rank #2 and a VGM score of ‘B’.

Over the past 60 days, Harmony Gold Mining has seen a rise in estimates from 41 cents per share to 75 cents.  The estimated earnings growth rate for the current year is 400%.

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http://so-l.ru/news/y/2016_09_06_4_gold_stocks_sparkle_as_august_sees_wea Tue, 06 Sep 2016 16:11:00 +0300
<![CDATA[Harmony Gold (HMY) Posts Earnings in FY16, Sales Down Y/Y ]]> Harmony Gold Mining Company Limited HMY posted earnings of 15 cents per share for fiscal 2016 (ended Jun 30, 2016) as against a loss of 16 cents per share in fiscal 2015.

Revenues and Costs

Revenues decreased 6.2% year over year to $1,264 million in fiscal 2016 from $1,348 million registered in fiscal 2015.

Gold production edged up 0.4% year over year to 1,082,035 ounces (oz) in fiscal 2016. Gold ounces sold fell 2% year over year to 1,081,615 oz in the fiscal year.

Cost of sales decreased 33.7% year over year to $1,090 million in fiscal 2016. Cash operating costs fell 16.2% year over year to $841 per oz. All-in-sustaining costs of $1,003 per oz declined 19% from fiscal 2015.

Financial Overview

Cash and cash equivalents decreased 3.4% to $85 million as of Jun 30, 2016 from $88 million as of Jun 30, 2015. Cash flow generated from operating activities was $311 million as of Jun 30, 2016, compared with $176 million as of Jun 30, 2015.

Outlook

Harmony’s board has given a call to support a three-year strategy in which it plans to grow its production to about 1.5 million oz, producing gold at an all-in sustaining cost of $950 per oz, to be achieved through growing and developing its core assets, harvesting operations that are high cost and have a short life and developing Golpu Stage 1, among others.

In the next year, the company plans to produce about 1,050 000 ounces at roughly $1,100 per oz.

Harmony’s shares rose 0.7% to close at $4.13 on Aug 18.

 

HARMONY GOLD Price, Consensus and EPS Surprise

 

HARMONY GOLD Price, Consensus and EPS Surprise | HARMONY GOLD Quote

Zacks Rank

Harmony currently carries a Zacks Rank #2 (Buy).

Other well-placed mining companies include AngloGold Ashanti Ltd. AU, B2Gold Corp. BTG and New Gold, Inc. NGD, each sporting a Zacks Rank #1 (Strong Buy).

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ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
NEW GOLD INC (NGD): Free Stock Analysis Report
 
B2GOLD CORP (BTG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2016_08_19_harmony_gold_hmy_posts_earnings_in_fy1 Fri, 19 Aug 2016 16:50:00 +0300
<![CDATA[Harmony Gold Mining reports 1H16 results]]> http://so-l.ru/news/y/2016_08_17_harmony_gold_mining_reports_1h16_results Wed, 17 Aug 2016 15:53:28 +0300 <![CDATA[The Zacks Analyst Blog Highlights: AngloGold Ashanti, IAMGOLD, Harmony Gold Mining, Newmont Mining and Kinross Gold]]> For Immediate Release

Chicago, IL – August 10, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include AngloGold Ashanti Ltd. (AU), IAMGOLD Corp. ( IAG), Harmony Gold Mining Company Limited (HMY) , Newmont Mining Corporation (NEM) and Kinross Gold (KGC).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday’s Analyst Blog:

5 Gold Stocks to Buy Despite Strong Jobs Data

Prices of gold suffered a considerable decline on Friday following a strong jobs report which led to a reevaluation of U.S. economic outlook by investors. Further, chances of a rate hike later this year increased, leading to heartburn for those betting big on safe-haven stocks.

However, the upside for gold remains since a variety of risks continues to hover on the horizon. Additionally, the path for U.S. rate hikes is still unclear. Meanwhile, mining stocks remain an attractive proposition because of the recent rebound in gold prices. This is why picking such stocks continues to make for an attractive proposition.

Jobs Data Ups Chances of a Rate Hike, Gold Prices Fall

The economy added 255,000 jobs in July, following an upwardly revised reading of 292,000 job additions for the month of June. Most estimates had put job additions for July at 180,000. Wages also increased for the second successive month after increasing in June (read: 5 Stocks to Buy on Encouraging Employment Data ).

Encouraging job report in July increased chances of a Fed rate hike in September. As a result, gold prices suffered a sharp decline on Friday, losing around 2%. The fall in prices continued on Monday with prices tumbling to $1,329.55 an ounce at one point, the lowest level experienced since Jul 27. The trend remained unbroken on Tuesday for the safe-haven commodity which does not yield any interest.

Demand for Natural Hedge Remains

Despite the increasing prospects of at least one Fed rate hike this year, the global environment provides enough reasons for investors to opt for gold. The Bank of Japan and the central banks in Europe are inclined toward further monetary stimulus measures. Additionally, some degree of uncertainty continues to prevail over the chances of a rate hike.

Some market watchers believe that it would be unusual for the Fed to hike rates during the course of a Presidential campaign though there is no such precedent which could rule out a hike in September with the election scheduled for November. In the case of its December meeting, the Fed may not be inclined to disappoint markets around Christmas time.

Mining Stocks Still Attractive

Despite the yellow metal’s recent fall, prospects for gold miners continue to remain bright. These stocks had been rather unattractive over the last five years since falling gold prices were eating into profits. However, gold mining companies have provided considerable returns this year at low levels of risk.

This is because gold has regained its luster this year, manifested by a near 25% surge in its value in the first half. The yellow metal’s bull run is a function of a combination of factors, notably the Fed’s decision to keep rates steady in its June meeting and strong tailwind from Britain’s historic decision to leave the EU (read: 4 Gold Mining Stocks That Surged More than 50% This Year ).

Other factors have also contributed toward making mining stocks attractive. Given the downturn experienced over the last five years, particularly over 2015, gold mining companies had undertaken several cost-saving initiatives which have borne fruit. Gold miners are of course tied to gold prices and operationally their earnings will improve faster than the gold-price rally. Both these factors have helped to boost such stocks.

Our Choices

Despite recent encouraging jobs data, the path of interest rates is still unclear even though the odds of a rate hike being undertaken this year have increased. This is because not all U.S. economic indicators have been positive in nature. Additionally, global risks continue to remain a headwind for investors, making them opt for a natural hedge.

Meanwhile, the attractiveness of gold mining companies remains, which is why it makes good sense to add them to your portfolio. At the same time, it is important to pick winning stocks.

This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score.

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.

AngloGold Ashanti Ltd. (AU) is based in South Africa and involved in gold exploration and mining activities.

AngloGold Ashanti has a Zacks Rank #1 (Strong Buy) and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 19.89, lower than the industry average of 30.20.

IAMGOLD Corp. (IAG) is engaged in the exploration, development and operation of gold mining properties.

IAMGOLD has a Zacks Rank #2 (Buy) and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. Its earnings estimate for the current year has improved by more than 100% over the last 30 days.

Harmony Gold Mining Company Limited (HMY) conducts underground and surface gold mining. It is also engaged in related activities such as exploration, processing, smelting and refining.

Harmony Gold Mining Company has a Zacks Rank #2 and a VGM Score of A. It has a P/E (F1) of 6.00, lower than the industry average of 30.20.

Newmont Mining Corporation (NEM) is one of the world's largest producers of gold with several active mines in Nevada, Peru, Australia/New Zealand and Ghana.

Newmont Mining Corporation has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of 51.4% for the current year. Its earnings estimate for the current year has improved by 14.5% over the last 30 days.

Kinross Gold (KGC) is primarily involved in the exploration and operation of gold mines.

Kinross Gold has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. Its earnings estimate for the current year has improved by more than 100% over the last 30 days.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
IAMGOLD CORP (IAG): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
NEWMONT MINING (NEM): Free Stock Analysis Report
 
KINROSS GOLD (KGC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2016_08_10_the_zacks_analyst_blog_highlights_anglo Wed, 10 Aug 2016 16:30:00 +0300
<![CDATA[5 Gold Stocks to Buy Despite Strong Jobs Data]]> Prices of gold suffered a considerable decline on Friday following a strong jobs report which led to a reevaluation of U.S. economic outlook by investors. Further, chances of a rate hike later this year increased, leading to heartburn for those betting big on safe-haven stocks.

However, the upside for gold remains since a variety of risks continues to hover on the horizon. Additionally, the path for U.S. rate hikes is still unclear. Meanwhile, mining stocks remain an attractive proposition because of the recent rebound in gold prices. This is why picking such stocks continues to make for an attractive proposition.

Jobs Data Ups Chances of a Rate Hike, Gold Prices Fall 

The economy added 255,000 jobs in July, following an upwardly revised reading of 292,000 job additions for the month of June. Most estimates had put job additions for July at 180,000. Wages also increased for the second successive month after increasing in June (read: 5 Stocks to Buy on Encouraging Employment Data).

Encouraging job report in July increased chances of a Fed rate hike in September. As a result, gold prices suffered a sharp decline on Friday, losing around 2%. The fall in prices continued on Monday with prices tumbling to $1,329.55 an ounce at one point, the lowest level experienced since Jul 27. The trend remained unbroken on Tuesday for the safe-haven commodity which does not yield any interest.

Demand for Natural Hedge Remains

Despite the increasing prospects of at least one Fed rate hike this year, the global environment provides enough reasons for investors to opt for gold. The Bank of Japan and the central banks in Europe are inclined toward further monetary stimulus measures. Additionally, some degree of uncertainty continues to prevail over the chances of a rate hike.

Some market watchers believe that it would be unusual for the Fed to hike rates during the course of a Presidential campaign though there is no such precedent which could rule out a hike in September with the election scheduled for November. In the case of its December meeting, the Fed may not be inclined to disappoint markets around Christmas time.

Mining Stocks Still Attractive

Despite the yellow metal’s recent fall, prospects for gold miners continue to remain bright. These stocks had been rather unattractive over the last five years since falling gold prices were eating into profits. However, gold mining companies have provided considerable returns this year at low levels of risk.

This is because gold has regained its luster this year, manifested by a near 25% surge in its value in the first half. The yellow metal’s bull run is a function of a combination of factors, notably the Fed’s decision to keep rates steady in its June meeting and strong tailwind from Britain’s historic decision to leave the EU (read: 4 Gold Mining Stocks That Surged More than 50% This Year).

Other factors have also contributed toward making mining stocks attractive. Given the downturn experienced over the last five years, particularly over 2015, gold mining companies had undertaken several cost-saving initiatives which have borne fruit. Gold miners are of course tied to gold prices and operationally their earnings will improve faster than the gold-price rally. Both these factors have helped to boost such stocks.

Our Choices

Despite recent encouraging jobs data, the path of interest rates is still unclear even though the odds of a rate hike being undertaken this year have increased. This is because not all U.S. economic indicators have been positive in nature. Additionally, global risks continue to remain a headwind for investors, making them opt for a natural hedge.

Meanwhile, the attractiveness of gold mining companies remains, which is why it makes good sense to add them to your portfolio. At the same time, it is important to pick winning stocks.  

This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score. 

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.

AngloGold Ashanti Ltd. AU is based in South Africa and involved in gold exploration and mining activities.

AngloGold Ashanti has a Zacks Rank #1 (Strong Buy) and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 19.89, lower than the industry average of 30.20.

IAMGOLD Corp. IAG is engaged in the exploration, development and operation of gold mining properties.

IAMGOLD has a Zacks Rank #2 (Buy) and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. Its earnings estimate for the current year has improved by more than 100% over the last 30 days.

Harmony Gold Mining Company Limited HMY conducts underground and surface gold mining. It is also engaged in related activities such as exploration, processing, smelting and refining

Harmony Gold Mining Company has a Zacks Rank #2 and a VGM Score of A. It has a P/E (F1) of 6.00, lower than the industry average of 30.20.

Newmont Mining Corporation NEM is one of the world's largest producers of gold with several active mines in Nevada, Peru, Australia/New Zealand and Ghana.

Newmont Mining Corporation has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of 51.4% for the current year. Its earnings estimate for the current year has improved by 14.5% over the last 30 days.

Kinross Gold KGC is primarily involved in the exploration and operation of gold mines.

Kinross Gold has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. Its earnings estimate for the current year has improved by more than 100% over the last 30 days.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NEWMONT MINING (NEM): Free Stock Analysis Report
 
KINROSS GOLD (KGC): Free Stock Analysis Report
 
ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
IAMGOLD CORP (IAG): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2016_08_09_5_gold_stocks_to_buy_despite_strong_jobs Tue, 09 Aug 2016 18:23:00 +0300
<![CDATA[The Zacks Analyst Blog Highlights: Companhia de Saneamento Basico do Estado de Sao Paulo, Silicon Motion Technology, AngloGold Ashanti, Fibria Celulose and Harmony Gold Mining]]> For Immediate Release

Chicago, IL – August 04, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Companhia de Saneamento Basico do Estado de Sao Paulo (SBS),Silicon Motion Technology Corp. (SIMO),AngloGold Ashanti Ltd. (AU), Fibria Celulose S.A. (FBR) and Harmony Gold Mining Company Limited ( HMY).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

5 Stocks to Buy on Rebounding Emerging Markets

An all-time favorite of investors, emerging markets had fallen out of favor recently. Years of high growth was displaced by gloom in the wake of the crisis of 2008. Several reasons were responsible for this; key among them were the plunge in commodity prices, weak export growth and political instability.

For instance, the MSCI Emerging Markets Index had lost 11% since the second half of 2011. This is in sharp contrast to the 49% surge experienced by developed markets. However, the surprise Brexit verdict has turned things around completely.

In fact, the MSCI Emerging Markets Index has gained more than 10% since the end of June, exceeding developed countries’ performance by 3.1%. Adding stocks from emerging markets would make for a smart choice at this point.

China’s Growth Stabilizes, Commodity Prices Recover

The health of China’s economy is crucial to the performance of emerging markets as a whole. With a GDP of nearly $11 trillion, it is equivalent in size to all the 10 other emerging markets, which come next, taken together. In spite of the slump in the economy, some promising signs are visible on the horizon.

The recent reading of 6.7% growth in second quarter GDP indicates that the Chinese economy is stabilizing due to its government’s efforts. Additionally, the country is slowly transforming into a consumer driven economy from one dominated by the industrial sector.

Meanwhile, a rebound in commodities has provided further respite to emerging market investors. Material prices are not surging, but the 20% increase in the Bloomberg Commodity spot index from the levels experienced in January has removed a major obstacle to the success of emerging markets. At the same time, prices remain within a reasonable range which means demand is unlikely to be hugely impacted.

Emerging Markets Likely to Grow Faster

Traditionally, emerging markets have always grown at a faster pace compared to developed economies. In 2015, growth in these countries, however, exceeded developed countries’ growth by only 3%. This is nearly half the rate experienced around six years ago. Having said that, growth is likely to pick up this year with the gap widening consequently.

This is particularly true for countries recovering from a recession, such as, Brazil and Russia. Indexes of manufacturing and services are already improving, with several of these gauges already hovering above 50, which indicates expansion is occurring. Brazil has just elected a president who is likely to improve the investor climate.

Profits Set to Grow, U.S. Interest Rates Remain Low

Stabilization in the most popular metric of company profitability, namely, earnings per share is occurring across emerging markets. These had fallen by more than 33% from levels last seen more than four years ago. This in turn has fuelled the recent rally across most emerging equity markets. At the same time, valuations remain low providing further impetus for growth in prices if profits increase.

Meanwhile, the Federal Reserve is unlikely to raise rates due to concerns over the fallout of the Brexit vote. This in turn has led to a rise in emerging market currencies versus the dollar. Stronger currencies help to curb inflation, eliminating the need for rate hikes which stall growth.

Our Choices

Several factors are contributing to the resurgence of emerging markets and their prospects continue to improve. It seems that the traditional trend where they outperform developed countries on both the growth and company earnings front is likely to return.

This is why it makes good sense to pick emerging market stocks at this time. It is also important to pick winning stocks.

This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score.

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.

Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) or SABESP provides public water and sewage services in the state of Sao Paulo, Brazil, which includes Sao Paulo, one of the largest cities in the world.

SABESP has a Zacks Rank #1 (Strong Buy) and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. The forward price-to-earnings (P/E) ratio for the current financial year (F1) is 13.10, lower than the industry average of 25.06.

Silicon Motion Technology Corp. (SIMO) is a leading developer of microcontroller ICs for NAND flash storage devices and specialty RF ICs for mobile devices based in Taiwan.

Silicon Motion Technology has a Zacks Rank #1 and a VGM Score of B. The company has expected earnings growth of 52.2% for the current year. Its earnings estimate for the current year has improved by 17.7% over the last 30 days.

AngloGold Ashanti Ltd. (AU) is based in South Africa and involved in gold exploration and mining activities.

AngloGold has a Zacks Rank #1 and a VGM Score of A. The company has expected earnings growth of more than 100% for the current year. It has a P/E (F1) of 20.60 as compared to the industry average of 28.80. Its earnings estimate for the current year has improved by 32.5% over the last 30 days.

Fibria Celulose S.A. (FBR) is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantation.

Fibria Celulose has a Zacks Rank #1 and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. It has a P/E (F1) of 4.46 as compared to the industry average of 13.08. Its earnings estimate for the current year has improved by 22.7% over the last 30 days.

Harmony Gold Mining Company Limited (HMY) is based in Randfontein, South Africa and conducts underground and surface gold mining.

Harmony Gold has a Zacks Rank #2 (Buy) and a VGM Score of A. The forward price-to-earnings (P/E) ratio for the current financial year (F1) is 6.35, lower than the industry average of 28.80. Its earnings estimate for the current year has improved by 82.9% over the last 30 days.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
SABESP -ADR (SBS): Free Stock Analysis Report
 
SILICON MOTION (SIMO): Free Stock Analysis Report
 
ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
FIBRIA CELULOSE (FBR): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2016_08_04_the_zacks_analyst_blog_highlights_compa Thu, 04 Aug 2016 16:30:00 +0300
<![CDATA[5 Stocks to Buy on Rebounding Emerging Markets]]> An all time favorite of investors, emerging markets had fallen out of favor recently. Years of high growth was displaced by gloom in the wake of the crisis of 2008. Several reasons were responsible for this; key among them were the plunge in commodity prices, weak export growth and political instability.

For instance, the MSCI Emerging Markets Index had lost 11% since the second half of 2011. This is in sharp contrast to the 49% surge experienced by developed markets. However, the surprise Brexit verdict has turned things around completely.

In fact, the MSCI Emerging Markets Index has gained more than 10% since the end of June, exceeding developed countries’ performance by 3.1%. Adding stocks from emerging markets would make for a smart choice at this point.  

China’s Growth Stabilizes, Commodity Prices Recover

The health of China’s economy is crucial to the performance of emerging markets as a whole. With a GDP of nearly $11 trillion, it is equivalent in size to all the 10 other emerging markets, which come next, taken together. In spite of the slump in the economy, some promising signs are visible on the horizon.

The recent reading of 6.7% growth in second quarter GDP indicates that the Chinese economy is stabilizing due to its government’s efforts. Additionally, the country is slowly transforming into a consumer driven economy from one dominated by the industrial sector.

Meanwhile, a rebound in commodities has provided further respite to emerging market investors. Material prices are not surging, but the 20% increase in the Bloomberg Commodity spot index from the levels experienced in January has removed a major obstacle to the success of emerging markets. At the same time, prices remain within a reasonable range which means demand is unlikely to be hugely impacted.

Emerging Markets Likely to Grow Faster

Traditionally, emerging markets have always grown at a faster pace compared to developed economies. In 2015, growth in these countries, however, exceeded developed countries’ growth by only 3%. This is nearly half the rate experienced around six years ago. Having said that, growth is likely to pick up this year with the gap widening consequently.

This is particularly true for countries recovering from a recession, such as, Brazil and Russia. Indexes of manufacturing and services are already improving, with several of these gauges already hovering above 50, which indicates expansion is occurring. Brazil has just elected a president who is likely to improve the investor climate.

Profits Set to Grow, U.S. Interest Rates Remain Low

Stabilization in the most popular metric of company profitability, namely, earnings per share is occurring across emerging markets. These had fallen by more than 33% from levels last seen more than four years ago. This in turn has fuelled the recent rally across most emerging equity markets. At the same time, valuations remain low providing further impetus for growth in prices if profits increase.

Meanwhile, the Federal Reserve is unlikely to raise rates due to concerns over the fallout of the Brexit vote. This in turn has led to a rise in emerging market currencies versus the dollar. Stronger currencies help to curb inflation, eliminating the need for rate hikes which stall growth.

Our Choices

Several factors are contributing to the resurgence of emerging markets and their prospects continue to improve. It seems that the traditional trend where they outperform developed countries on both the growth and company earnings front is likely to return.

This is why it makes good sense to pick emerging market stocks at this time. It is also important to pick winning stocks.  

This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score. 

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.

Companhia de Saneamento Basico do Estado de Sao Paulo SBS or SABESP (SBS) provides public water and sewage services in the state of Sao Paulo, Brazil, which includes Sao Paulo, one of the largest cities in the world.

SABESP has a Zacks Rank #1 (Strong Buy) and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. The forward price-to-earnings (P/E) ratio for the current financial year (F1) is 13.10, lower than the industry average of 25.06.

Silicon Motion Technology Corp. SIMO is a leading developer of microcontroller ICs for NAND flash storage devices and specialty RF ICs for mobile devices based in Taiwan.

Silicon Motion Technology has a Zacks Rank #1 and a VGM Score of B. The company has expected earnings growth of 52.2% for the current year. Its earnings estimate for the current year has improved by 17.7% over the last 30 days.

AngloGold Ashanti Ltd. AU is based in South Africa and involved in gold exploration and mining activities.

AngloGold has a Zacks Rank #1 and a VGM Score of A. The company has expected earnings growth of more than 100% for the current year. It has a P/E (F1) of 20.60 as compared to the industry average of 28.80. Its earnings estimate for the current year has improved by 32.5% over the last 30 days.

Fibria Celulose S.A. FBR is a Brazil-based paper product company which produces bleached eucalyptus pulp exclusively from renewable plantation.

Fibria Celulose has a Zacks Rank #1 and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. It has a P/E (F1) of 4.46 as compared to the industry average of 13.08. Its earnings estimate for the current year has improved by 22.7% over the last 30 days.

Harmony Gold Mining Company Limited HMY is based in Randfontein, South Africa and conducts underground and surface gold mining.

Harmony Gold has a Zacks Rank #2 (Buy) and a VGM Score of A. The forward price-to-earnings (P/E) ratio for the current financial year (F1) is 6.35, lower than the industry average of 28.80. Its earnings estimate for the current year has improved by 82.9% over the last 30 days.

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SABESP -ADR (SBS): Free Stock Analysis Report
 
SILICON MOTION (SIMO): Free Stock Analysis Report
 
ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
FIBRIA CELULOSE (FBR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2016_08_03_5_stocks_to_buy_on_rebounding_emerging_m Wed, 03 Aug 2016 18:35:00 +0300
<![CDATA[Gold Dips Yet Miners Soar: Potential Winners & Losers]]> After making the most of market panic post Brexit, gold seems to be losing its tempo once again. Gold prices fell on Tuesday, declining for the first time in three sessions, as stock markets steadied following a marked improvement in investor sentiment.  

Gold for August delivery on the Comex division of the New York Mercantile Exchange dipped 0.66% to trade at $1,316.00 a troy ounce. Global stock markets, pound, and most risk-sensitive commodities were all higher on Tuesday as traders accumulated cheap assets following a two days equity rout triggered by Brexit.

The historic referendum, with Britain opting to leave the EU, was instrumental in gold prices crossing the $1,300 threshold on Jun 24, trading at levels last seen in Jul 2014. In fact, the 8% surge in a day was the biggest one-day gain for the bullion since Jan 2009. Uncertainty over the unprecedented event triggered panic in the markets. Investors’ apprehension that it would bring political and financial instability made them flock to gold.

How Are Gold Miners Faring?

The largest gold mining ETF – VanEck Vectors Gold Miners ETF GDX that tries to replicate the price and yield performance of the NYSE Arca Gold Miners Index – is currently trading at $27.15, close to its 52-week high of $27.71. The Index provides exposure to publicly traded companies worldwide that are involved primarily in gold mining, representing a diversified blend of small, mid and large-capitalization stocks.

GDX has gained 6.5% since the Brexit decision, yielding a year-to-date return of 64.58%. A few top mining names in its basket include Barrick Gold Corp. ABX, Newmont Mining Corp. NEM, Goldcorp Inc. GG and Agnico Eagle Mines Ltd. AEM with asset allocation of 9.33%, 8.19%, 6.62% and 5.56%, respectively.

What Next?

Brexit seems to have taken a rate hike off the table for now. A recent report revealed that the U.S. economy expanded a meager 1.1%, more than the previous estimate of 0.8%, one of the weakest performances in the past several years. This will also likely keep the Federal Reserve off the interest-rate trigger for now.

A delay in raising interest rates elevates demand for gold, which produces no income but relies on price appreciation to attract investors. The European Central Bank, the Bank of England, the Bank of Japan, the People’s Bank of China, and other central banks will likewise resort to further monetary policy easing.

With negotiation for the exit still not started and EU claiming to take a hard-line, clearly there is a lot of uncertainty in the market. The rise in gold prices is not a knee jerk reaction, and we expect it to remain high for some time.

Moreover, gold prices are generally supported by retail demand in countries like India and China with the wedding and festival seasons held in the second half of the year. India will be a major driver with demand having pent up due to the shutdown of jewelry stores earlier in the year. A good monsoon also bodes well for gold.

Another factor that will eventually be a tailwind for gold is that the supply of the precious metal has already attained peak levels as per reports. Global production of gold is likely to decline by 3% in 2016, thus ending a 7-year stint of rising output. Lower mined gold supply could help prices navigate north.

Gold Stocks to Buy

As the conditions for bullion’s recent gains remain in place, it would be a good idea to add some top-quality gold mining stocks to your portfolio that are well-placed to leverage the recent upward momentum in the gold market. Our selection is backed by a good Zacks Rank and strong estimate revisions.

B2Gold Corp. BTG

Vancouver, Canada-based B2Gold explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso and Chile. The company primarily explores for gold, silver and copper.

The stock holds a Zacks Rank #1 (Strong Buy). Its shares have catapulted around 140% year to date. The Zacks Consensus Estimate for the current fiscal has moved up 100% over the last 60 days. The company has an expected impressive earnings growth of 733% for the current year. B2Gold also delivered a 100% positive earnings surprise in the last quarter.

Sandstorm Gold Ltd. SAND
 
Vancouver-based Sandstorm Gold concentrates on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines.

Sandstorm Gold carries a Zacks Rank #1 and has gained 65.78% year to date. The bottom-line estimate for the current year has recovered dramatically over the last 60 days from a loss of 3 cents to earnings of 3 cents. The company has an expected earnings growth of 115% for the current year and also delivered a whopping 500% positive earnings surprise last quarter.

IAMGOLD Corp. IAG

Toronto-based IAMGOLD is engaged in the exploration, development and operation of gold mining properties. The company holds interests in four operating gold mines, as well as exploration and development projects located in Africa, South America and Canada.

This Zacks Rank #2 stock has gained roughly 195.77% year to date. Its estimates have moved from a loss of 17 cents per share to loss of 15 cents per share over the last 60 days, a marked improvement from the year-ago loss of 43 cents. The company had delivered a 60% positive earnings surprise in the last quarter.

Gold Stocks to Shun

Just as we are going long on gold stocks, it’s also wise to incorporate a measure of prudence. For that we have screened the gold mining stocks that either have a Zacks Rank #4 (Sell) or a Zacks Rank #5 (Strong Sell) and have witnessed downward estimate revisions over the past few weeks.

Harmony Gold Mining Company Ltd. HMY

Based in Randfontein, South Africa., Harmony Gold Mining is engaged in the exploration and mining of gold in South Africa and Papua New Guinea. Harmony Gold currently carries a Zacks Rank #4 (Sell). The Zacks Consensus estimate for the company has suffered a 5% drop over the past 60 days.

Asanko Gold Inc. AKG

Headquartered in Vancouver, Canada, Asanko Gold engages in the exploration, development, and production of gold in Ghana. Asanko Gold currently carries a Zacks Rank #4. Its estimates for the current fiscal have plunged 100% over the past 60 days.

AngloGold Ashanti Ltd. AU

Headquartered in Johannesburg, South Africa, AngloGold Ashanti Limited operates as a gold mining and exploration company. AngloGold currently carries a Zacks Rank #5. Its estimates for the current fiscal have gone down 12% over the past 90 days.

To Conclude

It is good to ride the rally in gold prices by investing in the potential winners backed by our Zacks Rank. In case the gold market turns bearish, it will be wise to get rid of stocks suffering negative revisions.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NEWMONT MINING (NEM): Free Stock Analysis Report
 
BARRICK GOLD CP (ABX): Free Stock Analysis Report
 
GOLDCORP INC (GG): Free Stock Analysis Report
 
ANGLOGOLD LTD (AU): Free Stock Analysis Report
 
AGNICO EAGLE (AEM): Free Stock Analysis Report
 
IAMGOLD CORP (IAG): Free Stock Analysis Report
 
HARMONY GOLD (HMY): Free Stock Analysis Report
 
ASANKO GOLD INC (AKG): Free Stock Analysis Report
 
SANDSTORM GOLD (SAND): Free Stock Analysis Report
 
VANECK-GOLD MNR (GDX): ETF Research Reports
 
B2GOLD CORP (BTG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2016_07_01_gold_dips_yet_miners_soar_potential_win Fri, 01 Jul 2016 01:23:00 +0300