Latest news with #WallStreetAnalysts
Yahoo
4 days ago
- Business
- Yahoo
Citi Assigns Buy Rating to NovaGold (NG)
NovaGold Resources Inc. (NYSEAMERICAN:NG) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 15, Citi initiated coverage on NovaGold Resources Inc. (NYSEAMERICAN:NG), giving the stock a Buy rating and setting the price target at $7.00. Citi pointed out that NovaGold Resources Inc. (NYSEAMERICAN:NG) is still trading well below its 2020 levels of about $10 per share. This was when gold was trading below $2,00 per ounce. The firm described NovaGold Resources Inc. (NYSEAMERICAN:NG) as 'High-Risk' because it is a junior company that has not yet produced gold. While it offers investors significant leverage to gold prices, there is also huge execution risk. NovaGold Resources Inc. (NYSEAMERICAN:NG) owns 60% of the Donlin Gold project in Alaska, while Paulson Advisers LLC owns the other 40%. Citi noted that this project has the potential to become the second-largest gold mine in the US, with production capacity of about 1.5 million ounces of gold. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA However, the project faces major development challenges, including an estimated $10 billion capital expenditure requirement. Citi also pointed out that the recent exit of Barrick Mining Corporation (B) serves as a catalyst to advance the project after over 20 years of inactivity. The Donlin Gold project timeline remains extended, with a new Technical Report expected in the second half of 2027 and no mine production expected before at least 2030. According to Citi, the project becomes attractive at gold prices above $2,500 per ounce but it might not make economic sense if gold prices are under $2,000 per ounce. NovaGold Resources Inc. (NYSEAMERICAN:NG) is a precious metals company focused on the development of the Donlin Gold project in Alaska. While we acknowledge the potential of NG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Higher Production, Lower Costs Drive Strong FCF for Alamos Gold (AGI)
Alamos Gold Inc. (NYSE:AGI) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 30, Alamos Gold Inc. (NYSE:AGI) shared results for the second quarter of 2025. The company reported stronger production, 10% higher than in the first quarter, and lower costs. This helped Alamos Gold Inc. (NYSE:AGI) generate record cash flow from operations and strong free cash flow. The company generated $84.6 million in free cash flow, which is a significant increase from the negative free cash flow of $20.1 million in the first quarter of 2025. Alamos Gold Inc. (NYSE:AGI) continues to reinvest in high-return growth projects like the Phase 3+ Expansion, Lynn Lake, and PDA. Aerial view of a gold mine with equipment mining the earth for resources. Additionally, in the second quarter, Alamos Gold Inc. (NYSE:AGI) returned $21 million to shareholders. This included buying back 0.4 million shares for $10 million and payment of the $10.6 million quarterly dividend, which was $0.025 per share. The company expects to continue generating strong free cash flow at current gold prices through the rest of 2025. Growth is expected to increase significantly in 2026 due to higher production and lower costs. Alamos Gold Inc. (NYSE:AGI) is a Canadian-based gold producer with operations in North America. While we acknowledge the potential of AGI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
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Caledonia (CMCL) Reports Record Q2 Production at Blanket, Raises Annual Guidance
Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 16, Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) shared its gold production numbers from the Blanket Mine in Zimbabwe for the second quarter and the first half of 2025. The company also raised its annual production guidance. In the second quarter of 2025, Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) reported gold production was 21,070 ounces, which is a new second-quarter record. For the first half of 2025, gold production reached 39,741 ounces. This represents an increase of 5.1 % compared to the first half of 2024. Drills extracting gold from a gold mine, revealing the company's gold mining operation. Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) said the production in the first half was very good and exceeded expectations. Because of this strong performance, the company increased its gold production guidance for 2025. The company now expects Blanket Mine to produce between 75,500 and 79,500 ounces of gold in 2025. Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) believes the mine continues to provide a solid foundation for growth. Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) is a gold-producing company focused on Zimbabwe. The company's main asset is the Blanket Mine. While we acknowledge the potential of CMCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
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Caledonia (CMCL) Reports Record Q2 Production at Blanket, Raises Annual Guidance
Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 16, Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) shared its gold production numbers from the Blanket Mine in Zimbabwe for the second quarter and the first half of 2025. The company also raised its annual production guidance. In the second quarter of 2025, Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) reported gold production was 21,070 ounces, which is a new second-quarter record. For the first half of 2025, gold production reached 39,741 ounces. This represents an increase of 5.1 % compared to the first half of 2024. Drills extracting gold from a gold mine, revealing the company's gold mining operation. Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) said the production in the first half was very good and exceeded expectations. Because of this strong performance, the company increased its gold production guidance for 2025. The company now expects Blanket Mine to produce between 75,500 and 79,500 ounces of gold in 2025. Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) believes the mine continues to provide a solid foundation for growth. Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) is a gold-producing company focused on Zimbabwe. The company's main asset is the Blanket Mine. While we acknowledge the potential of CMCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Centerra Gold (CGAU) Declares Dividend, Repurchases $42 Million Shares in First Half
Centerra Gold Inc. (NYSE:CGAU) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On August 6, Centerra Gold Inc. (NYSE:CGAU) reported that its Board of Directors has authorized a quarterly dividend of C$0.07 per common share. This totals to an amount of about C$14.3 million or $10.5 million (USD). According to the report, this dividend will be paid on September 4, 2025, to shareholders of record as of the close of business on August 21, 2025. Aerial view of modern machinery operating in a gold mining site. In the first half of 2025, Centerra Gold Inc. (NYSE:CGAU) also repurchased $42 million worth of shares. The company has approved up to $75 million for share repurchases for the entire year. Centerra Gold Inc. (NYSE:CGAU) is a gold mining company based in Canada that focuses on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other markets around the world. While we acknowledge the potential of CGAU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey.
