Latest news with #preciousmetals
Yahoo
2 hours ago
- Business
- Yahoo
Lear Capital Reaches Historic Milestone: 100,000 Customers Trust Industry Leader for Precious Metals Investments
28-year veteran achieves landmark customer base growth amid surging demand for gold and silver LOS ANGELES, July 30, 2025 /PRNewswire/ -- Lear Capital, a trusted leader in precious metals investing since 1997, today announced it has surpassed 100,000 customers. This milestone reinforces the company's position as an industry leader, with over $3 billion in transactions completed throughout its 28-year history. "This moment is more than just a number — it represents 100,000-plus individuals and families who have trusted us to help secure their financial futures," said Lear Capital. "We're incredibly proud to cross the 100,000 customer mark, and it strengthens our commitment to delivering exceptional service, education, and transparency, said Kevin DeMeritt, founder of Lear Capital. "This milestone reflects our unwavering commitment to transparency and exceptional customer service." Lear Capital's growth has been built on industry-leading trust indicators, including thousands of 5-star customer reviews, an A+ Better Business Bureau rating, and an "Excellent" Trustpilot rating. The company's comprehensive satisfaction guarantee ensures customer confidence throughout their precious metals investment journey. The achievement reflects Lear Capital's commitment to customer education and transparent business practices that have distinguished the company in a competitive marketplace. This customer-first approach has enabled steady growth even as the precious metals industry has evolved over nearly three decades. "Our clients understand that precious metals have historically served as reliable hedges against economic uncertainty," said DeMeritt. "As we've seen throughout our 28 years in business, investors consistently turn to precious metals during times of market volatility." The milestone comes amid growing demand for precious metals investments, driven by factors including rising national debt, inflation concerns, and global economic uncertainty. About Lear Capital Since 1997, Lear Capital has been a trusted name in the precious metals industry, providing expert guidance and tailored solutions on gold and silver. With a commitment to transparency and customer education, Lear Capital empowers clients to make informed decisions about incorporating gold, silver, and other precious metals into their long-term financial strategies. Media Contact:Matt Konigsmarkpress@ View original content to download multimedia: SOURCE Lear Capital
Yahoo
2 days ago
- Business
- Yahoo
Sierra Madre Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") announces that, pursuant to its Stock Option Plan, it has granted stock options to employees of La Guitarra Compania Minera, S.A. de C.V., certain directors, management and consultants of the Company, to purchase an aggregate of 2,750,000 common shares of the Company at the price of $0.73 per share for a period of five years from the grant date. The Options shall be granted under and subject to the terms and conditions of the Company's stock option plan (the "Plan") and subject to the rules and policies of the Exchange. 40,000 of the options were granted to the Company's investor relations consultant, Adelaide Capital and will vest ¼ three months after the date of the grant; ¼ six months after the date of the grant; ¼ nine months after the date of the grant and ¼ twelve months after the date of the grant. The remaining options will vest 1/3 immediately as of the date of grant; 1/3 six months after the date of the grant; and 1/3 12 months after the date of the grant. This stock option grant is subject to acceptance by the TSX Venture Exchange. About Sierra Madre Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development and exploration company focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted underground mine, which includes a 500 t/d processing facility that operated until mid-2018 and restarted commercial production in January 2025. The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource. Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies. On behalf of the board of directors of Sierra Madre Gold and Silver Ltd., "Alexander Langer"Alexander LangerPresident, Chief Executive Officer and Director778-820-1189 Contact:investor@ Cautionary Note Regarding Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit
Yahoo
3 days ago
- Business
- Yahoo
A-Mark Gains a Buy Rating Amid Q3 Mixed Earnings Results
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) is one of the . Analysts maintain a Buy rating amid mixed Q3 earnings results and major stock sales. A client signing off on a loan agreement for secured lending. Headquartered in California, A-Mark Precious Metals, Inc. (NASDAQ:AMRK) is a fully integrated precious metals trading company. It is active in wholesale, secured lending, and direct-to-consumer channels. Founded in 1965, the company has distributed bullion and coins from sovereign and private mints in addition to offering storage and logistics services. It also provided financing solutions to dealers, investors, and industrial users globally. The Q3 earnings call, released on May 7, 2025, revealed mixed results. The revenue for the quarter reached $3 billion, a 15% increase compared to the same quarter the previous year. A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was also successful in acquiring Pinehurst Coin Exchange, Spectrum Group International, and AMS Holdings LLC. However, the net loss during the quarter reached $8.5 million, surpassing the $5 million net loss in the same quarter last year, due to trading losses and higher interest expenses. On June 4, 2025, the company's CFO, Kathleen Taylor-Simpson, made a bold move, selling 5,000 shares of the company in a transaction valued at $103,400. Even so, the company's Buy rating by Maxim Group stood sturdily with a price target of $63, pouring confidence into the stock's future performance. A-Mark Precious Metals, Inc. (NASDAQ:AMRK) anticipates an EPS growth of 3.40% in the next five years, while maintaining a beta of 0.15, suggesting a blend of long-term growth and low risk. While we acknowledge the potential of AMRK 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: 10 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Forbes
3 days ago
- Business
- Forbes
This Gold Fund Is Red Hot But The Smart Money Is Already Selling
Gold ingots Today we're going to talk about a unique gold fund that's soared 69.4% so far this year—but despite that huge run, it's still not a buy. That said, there is a route to a buy here that I think will surprise you. So what's the name of this high-flyer? ASA Gold and Precious Metals Ltd. (ASA). It doesn't exactly roll off the tongue, and the fund itself isn't very well-known. The details: ASA has a bit more than $600 million in assets under management, making it small compared to most ETFs, CEFs' more popular cousins. As you can likely tell from the name, ASA focuses on gold and other precious metals. Gold itself makes up 72.5% of the portfolio, a collection of mining stocks chip in another 24.8%, and silver comprises a smaller 2% slice. Here's the first number that will likely stop you in your tracks: ASA's dividend yield is 0.2%. That, admittedly, doesn't get us too excited, especially with all CEFs yielding 8.5% on average, according to data tracked by my CEF Insider service. I would agree that this is a good reason to avoid ASA—but there's more to the story here. How This Gold Fund Stacks Up In 2025 Let's move on to value: As I write this, ASA has an 11% discount to net asset value (NAV). That's another way of saying that it trades for less than what its portfolio is worth. The fact that the average CEF has just a 4% discount really drives the point home here. However, if we look at ASA's history, we see something interesting. ASA Discount to NAV ASA has had roughly an 11% discount to NAV for nearly 25 years, with its market price being much lower in the early 1990s and much higher in the late '90s, due to that decade's unusual market dynamics. (In the early 1990s, gold lost favor, causing the fund to lose market demand. Then in the late-'90s, the stock-market bubble drove everything higher, including ASA.) So, is ASA undervalued? Sure. But it always is. So if you buy ASA today for a 'bargain,' you should probably expect to sell it for a bargain in the future, too. Okay, so the discount isn't a good reason to buy ASA. Is its performance? Well, let's look at that. ASA Total Returns ASA is up 69.4% in 2025, and the reason is obvious: The fund is focused on gold, and since gold has soared in 2025, so too has ASA. That's also why its dividends are so paltry: Gold doesn't yield anything, so most of ASA's portfolio yields nothing, as well. Since CEF investors look for yields, we should expect ASA's discount to stick around for a long time. But that hardly matters if you're earning 69.4% profits in a bit over half a year, right? True. But one problem with ASA is that it tends to fall hard after a run-up. Let's See How This Gold Fund Performed During Gold's Last Run Up Early 2016 was a great time for gold—even better than early 2025, in fact. ASA soared 119% in the first seven months of that year, when gold investments were soaring. However, after such a big gain, ASA (in purple below) was in the red for the following three years! GLD Outperforms Here we see the real risks of buying ASA: If you get to the fund too late, you could find yourself in the red for years afterward, even when gold itself—represented by the SPDR Gold Shares ETF (GLD) in orange above—is doing much better. So if gold has just had a run-up, expect ASA to be set to take a run down. That's not the only mark against ASA. Clearly, in the short term, the fund can outrun gold itself, thanks to its higher-risk portfolio. But that also means the fund's long-term performance is going to be much worse. History has borne that out: Take a look at this chart of ASA's NAV return (a better measure of management's skill than market price), verses GLD: GLD Long Term The strategy with ASA, then, is to always bear in mind that the fund can deliver profits to short-term traders—but it'll weigh down investors who buy for the long haul. So, with that in mind, here's the best way to invest in this one—if you choose to at all: Where are we in this cycle? This chart makes that clear. GLD Plateaus Gold has been plateauing since around March, but ASA keeps soaring. That makes it a sell at this point in the cycle. But if you're looking to invest in gold down the road, you're best to wait for the metal to sell off. That's when ASA could shine again—at least for a short time. Michael Foster is the Lead Research Analyst for Contrarian Outlook. For more great income ideas, click here for our latest report 'Indestructible Income: 5 Bargain Funds with Steady 10% Dividends.' Disclosure: none
CTV News
6 days ago
- Business
- CTV News
Gold a bright spot for TSX as Canadian index outperforms S&P 500
The TSX ticker is shown in Toronto on May 10, 2013. THE CANADIAN PRESS/Frank Gunn Gold and precious metals have been a bright spot this year, helping the S&P/TSX composite index outperform the S&P 500, with fund managers saying there could still be time for retail investors to get in on the action. 'In Canada, gold has been the huge mover, and I think if you break apart the index, gold is now at 12 per cent of our index, and that has been the huge winner,' said John Zechner, chairman and founder of J. Zechner Associates. 'That to me is the single most important reason why Canada has played such catch-up and has actually done better than the S&P 500, certainly this year so far.' The TSX was up roughly 11 per cent year-to-date, as of Wednesday afternoon, while the S&P 500 was up about eight per cent, according to LSEG Data & Analytics. Meanwhile, the price of gold has risen about 30 per cent over the course of the year so far, with the August gold contract hovering around US$3,400 an ounce. Dennis da Silva, senior portfolio manager at Middlefield, agreed that the gold sector is 'the largest contributor' in driving the TSX higher. 'If you look at the S&P/TSX global gold index, that's up 40 per cent year-to-date. So if you tie that into the TSX, I would say about 30 per cent of the index's return is driven by gold and silver names or precious metals in general,' he said in an interview last week. In contrast, U.S. markets have been primarily driven by large-cap technology companies in recent years that 'pushed forward that U.S. exceptionalism story,' said Chris McHaney, head of investment management and strategy at Global X Investments Canada. 'I won't say it's run out of steam, but it has started to look like some of those drivers are starting to slow down in terms of the amount of growth that's being provided to the U.S. market,' he said. McHaney noted the performance of the so-called magnificent seven group of stocks has been split this year. The magnificent seven is a group of large-cap U.S. tech stocks that have a major influence on equity markets. The list includes Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla. For example, Tesla shares are down nearly 20 per cent year-to-date; meanwhile, Alphabet shares are flat. On the flip side, Nvidia and Microsoft shares are up roughly 27 per cent and 20 per cent, respectively, since the start of the year. The mixed picture has helped Canada's more metal-focused index gain, said McHaney. 'It really is more of a story of gold has been on fire and in Canada, we just have more exposure to that,' he said. According to da Silva, there are a few reasons why gold prices have risen, one being that the commodity benefited from demand for safe haven assets, particularly as the global trade dispute flared up. Stock markets have been volatile this year, particularly in March and April, when U.S. President Donald Trump started rolling out tariffs on countries around the world, only to delay many. The uncertainty over how the global economy and company profits would be impacted by changing trade policies has driven investors to safe haven assets like gold. McHaney said there are a few factors that influence the price of gold — government deficits around the world, inflation concerns and trade uncertainty tend to be positive ones — but it can be difficult to assess which is driving price moves at a given time. Central banks around the world were also buying more of the key commodity as another source of reserve currency, da Silva said. He noted this trend became more common after the U.S. and European Union froze Russian assets after it invaded Ukraine. 'I think that was kind of a wake-up call that your assets are not safe. They can be frozen, and that caused countries to re-evaluate how they hold foreign reserves. I think at that point that's when we started to see pretty active buying,' da Silva said. While McHaney said it is difficult to determine whether the TSX will continue to outperform the S&P 500, he said he also doesn't think retail investors have missed the boat in terms of investing in gold specifically. 'I think some of those drivers that have been working well for Canada are not necessarily going away tomorrow either. There could be a psychological element of maybe 'I missed that performance, I'll just stay where I am,'' he said. 'We think gold itself might not keep rising in value, but it just has to stay kind of where it is now for the gold equities to continue to do very strongly.' This report by The Canadian Press was first published July 24, 2025. Daniel Johnson, The Canadian Press
