Gold Mining Stocks: Too Hot to Handle? - Zacks Market Edge PodCast 39

Published: July 12, 2016, 8:14 p.m.

Welcome to Episode #39 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. In this episode, Tracey is joined by David Bartosiak, Editor of the Momentum Trader, who is Zacks’ expert on momentum stocks to discuss one of the hottest industries on the stock market this year: the gold mining stocks. And boy, do they have momentum. Most of the individual mining stocks are up over triple digits this year. But is it too much? Has the rally already peaked? Is it too late for traders to get in? Tracey and David discuss all of these concerns. With the price of gold rising, so are earnings estimates. Fundamentals are actually strong for these companies. Tracey and David discuss the top picks in the sector. These intermediate producers, B2Gold (BTG) and New Gold (NGD), are both trading under $10 per share and are Zacks Rank #1 (Strong Buy) stocks. Take a look at the chart of New Gold year to date. Shares are up about 100%. Other companies to consider are Sibanye Gold (SBGL) and Randgold (GOLD). For a different take on the miners, consider Royal Gold (RGLD). It’s not actually a miner. It makes its money through royalties and streaming from gold mines around the world. Royal Gold actually pays a dividend. It’s also a Zacks Rank #1 (Strong Buy). Royal Gold and B2Gold were recently Zacks Bulls of the Day because the fundamentals are strengthening. Read the B2Gold Bull of the Day here and the here. What else do Tracey and David think about this crazy bull market in gold mining stocks? Should you be in it? Tune into this week’s podcast to find out. B2Gold Corp: https://www.zacks.com/stock/quote/BTG?cid=cs-soundcloud-ft-pod New Gold Inc: https://www.zacks.com/stock/quote/NGD?cid=cs-soundcloud-ft-pod Royal Gold Inc: https://www.zacks.com/stock/quote/RGLD?cid=cs-soundcloud-ft-pod Randgold Resources: https://www.zacks.com/stock/quote/GOLD?cid=cs-soundcloud-ft-pod Sibanye Gold: https://www.zacks.com/stock/quote/SBGL?cid=cs-soundcloud-ft-pod Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch