Print money now! Gold over 3400, silver already at 36 – Barrick, Globex Mining, First Majestic, D-Wave, and Hensoldt
Debt and inflation are causing yields to rise, and now gold and silver are also booming! In addition to defense and high-tech stocks, investors have finally taken a liking to precious metals. Commodity investors have had to wait a long time for this moment, but now prices are rising rapidly. Investors should add stocks like the long-overlooked Barrick Mining and First Majestic Silver to their portfolios, while Globex Mining (TSX:GMX) is an outright buy. The Company holds over 250 properties, which are currently increasing in value daily. On the other hand, the high-tech stock D-Wave and the defense stock Hensoldt have already advanced excessively. We can help with portfolio rebalancing. First Majestic and Barrick Gold – The only way is up!
Barrick Gold recently changed its name to Barrick Mining. This change reflects the Company's increasing focus on copper, which currently accounts for 20% of production and is expected to rise to 30% by 2029. The Reko Diq copper-gold project in Pakistan will contribute significantly to this and is scheduled to go into production in 2028. In Q1 2025, Barrick achieved net income of USD 474 million, or USD 0.27 per share, a significant increase from USD 295 million in the previous year. Gold production fell to 758,000 ounces, and copper production declined to 44,000 tons. Despite these declines, the Company benefited from higher gold and copper prices, and margins improved significantly. Barrick reaffirmed its production targets for 2025 and is focusing on growth through its projects in Pakistan and Zambia. CEO Mark Bristow recently emphasized the need for sustainable solutions in mining and expressed optimism about the Company's future development. With an annual performance of only 11%, analysts on the LSEG platform see room for growth from the current level of around CAD 27 to CAD 37.
Silver is increasingly becoming the focus of investors, alongside gold. Unlike the yellow metal, silver is also widely used in the high-tech, defense, medical, and industrial sectors. Global availability has been declining for years as producing mines are reaching the end of their life, and new projects still need some time to bring exploration material to market. Shares in silver producer First Majestic have seen a significant surge of over 15% since May. In the first quarter, with silver prices well above USD 30, the Company reported record operating cash flow of USD 110 million. This brought cash and cash equivalents to USD 462 million, the highest level in the Company's 21-year history. A total of 7.7 million ounces of silver equivalent were produced in Q1, which is approximately 26% of the Company's average production forecast for 2025. The Company achieved record mining revenue of USD 63.8 million, with EBITDA of USD 98.8 million. Consolidated cash costs amounted to USD 13.68 per ounce of silver equivalent, representing a 9% decrease compared to Q1 2024. They are also 6% below the Company's average cost forecast for 2025. The share buyback program will continue, which could further boost the share price. The time is ripe! Globex Mining – In pole position with over 250 projects
CEO Jack Stoch views the developments in the precious metals sector with calm confidence. He founded his first mining company back in the 1970s when the price of gold was still between USD 50 and USD 200. With gold trading at over USD 3,300 an ounce, the setup for his asset management holding company-like collection of properties looks excellent. According to experts, stock market valuations are likely to rise sharply in the near future, especially for projects that still have their resources in the ground, as producers are faced with significantly higher transaction costs when acquiring junior companies. Because too little exploration has been done in recent years, there is now considerable pressure to move promising projects forward. For Globex Mining (TSX:GMX), this is a stroke of luck: the Company owns over 250 mineral concessions in Canada, mainly focused on gold and metal projects in Quebec. The deposits are at various stages of development, and some are linked to partnerships through option and royalty models. This leads to a constant deal flow within the portfolio and ensures regular cash inflows.
There is currently an update on partner Azimut Exploration. The explorer has released further positive test results from the Perseus nickel zone discovered in 2024, which is located southeast of Globex's Tyrone property in the Eeyou Istchee region of James Bay. There, 30 selected high-grade nickel samples contained more than 3.0% nickel, including the full suite of platinum group elements with grades of 1.16 g/t rhodium, 0.43 g/t iridium, 2.75 g/t ruthenium, and 0.45 g/t osmium, significantly enhancing the potential value of the Perseus zone. The gold and tellurium grades are also anomalous, with grades of up to 1.13 g/t gold and 32.1 g/t tellurium, respectively. The high-grade mineralization is associated with a magnetic anomaly that extends from Globex's Tyrone property into an area that has not yet been fully explored. Progress here will be exciting!
Once again, Globex proves that its strategy is on the right track, and positive news is likely to become more frequent in the near future. GMX shares are currently trading at around CAD 1.42, with 56.294 million shares outstanding, giving the Company a market capitalization of CAD 79.3 million. The exciting part remains: around 30% of this valuation is backed by cash and shares from partner companies. Mergers and acquisitions could really get the party started!
In May, CEO Jack Stoch presented at the International Investment Forum. Click here for the video recording with lots of updates on the properties.
https://www.youtube-nocookie.com/embed/rRnoU3E5onYhttps://www.youtube-nocookie.com/embed/rRnoU3E5onY D-Wave Quantum and Hensoldt – Take profits!
We will briefly discuss two companies that have performed excellently. First, there is quantum computer expert D-Wave, which has been causing a stir on the NASDAQ with a spectacular 1,000% increase since 2024. This is based on reports that the latest generation of quantum computers significantly outperforms current technologies both in terms of speed and power consumption. The Company only generated a few million in revenue in 2024 and is now reportedly experiencing a flood of orders. However, analysts are finding it difficult to formulate adequate price targets, as the sky is not yet the limit for this year. With a valuation of over USD 5 billion, the price-to-sales ratio is currently still above 200. The share price is, therefore, likely to remain very volatile.
The market value of Hensoldt shares is now similarly ambitious. Here, too, investors are expecting a flood of orders from NATO countries. The revenue of EUR 2.24 billion reported in 2024 is expected to grow to over EUR 5 billion by 2029. The stock is already valued at a price-to-sales ratio of 6. And according to the LSEG platform, the 2026 P/E ratio is a whopping 44. JPMorgan published an update last week and set the 12-month price target at EUR 110. The already overbought share price promptly shot up by another 20% to EUR 108.80. It was not until Friday that the value fell back below the EUR 100 mark. Caution: profit-taking could still increase significantly!
Selection has become key in the capital markets. While US President Trump continues to subject his country to one reputational blow after another, yields on US bonds are skyrocketing. Notably, China has announced plans to exchange long-term US bonds for gold. This is increasing buying pressure in the markets for precious metal producers like Barrick and First Majestic, as well as for the junior Globex Mining, which is still significantly undervalued due to its estimated millions of ounces still in the ground. Caution is advised with overvalued stocks like D-Wave Quantum and Hensoldt! Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company.
In this respect, there is a concrete conflict of interest in the reporting on the companies.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.For this reason, there is also a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.
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