Beat US Recession: 5 Gold Stocks to Buy?
At the beginning of 02 Jan 2025, I have posted about gold being a viable investment option. (click here ! for details)
Fast forward 2 months later, gold’s price has broken through the $3,000 per ounce ceiling. (see above)
And it is poised to rise even further, thanks to Trump’s incessant use of tariffs that caused wild swings in the US market.
The US economy looks poised to slip into recession with US Treasury Secretary, Scott Bessent no longer denying the fallout from US tariffs rollout. (see above)
This is in sharp contrast to initial denial (again by Bessent) that Trump’s tariffs will not lead to inflation rising again and more likely than not, cause US economy to ease into recession. (see above)
It’s all a vicious cycle really !
While no one can foretell what else is going to happen in the next 4 years under the erratic Trump administration still in reign, what is certain, as investors we need to protect our resources.
It might include shifting some into gold as preservatives, after due diligence of course !
And…, Insider Monkey has 5 gold stocks to share and for our considerations.
(1) $Agnico Eagle Mines(AEM)$
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Number of Hedge Fund Holders: 43
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Latest TTM Net Income: $1.94 billion
Agnico Eagle Mines Limited (AEM), a prominent player in the Canadian gold industry, operates mining operations across Canada, Finland, Australia, and Mexico.
While it engages in exploration and development activities in the US.
AEM pursues a strategy of maintaining full exposure to increasing gold prices by refraining from forward gold sales.
On 16 Feb 2025, AEM announced a quarterly dividend of $0.40 per share, consistent with previous payouts.
During Q4 2023, Insider Monkey tracked that 43 hedge funds profiled had invested in AEM, with Jean-Marie Eveillard’s First Eagle Investment Management, having 6.21 million shares valued at $340.98 billion.
(2) $Freeport-McMoRan(FCX)$.
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Number of Hedge Fund Holders: 83
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Latest TTM Net Income: $1.83 billion
Freeport-McMoRan Inc., commonly known as Freeport, is a prominent American mining company.
Renowned as the world’s largest molybdenum producer, it also holds a significant position in copper production and operates the largest gold mine globally, the Grasberg mine located in Papua, Indonesia.
On 24 Jan 2025, Freeport surpassed expectations in Q4 2024’s adjusted earnings, benefiting from increased copper demand and higher gold prices.
According to Insider Monkey’s fourth-quarter database, 83 hedge funds were bullish on Freeport,
compared to 73 funds in the previous quarter.
(3) $Barrick Gold Corp(GOLD)$.
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Number of Hedge Fund Holders: 43
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Latest TTM Net Income: $1.27 billion
Barrick Gold Corporation, headquartered in Toronto, Ontario, Canada, is a leading mining company primarily focused on gold and copper production.
It has operations spanning 16 sites, across 13 countries, the company maintains a strong global presence.
On 14 Feb 2025, Barrick announced a quarterly dividend of $0.10 per share, consistent with previous payouts.
Additionally, the company introduced a new $1 billion share repurchase program, which will be executed over the next 12 months, at prevailing market prices.
As of end Q4 2024, there were 43 of 933 hedge funds covered, were shareholders of Barrick Gold.
(4) $Gold Fields(GFI)$.
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Number of Hedge Fund Holders: 19
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Latest TTM Net Income: $706.38 million
Gold Fields Limited (GFI) is a gold mining company that focuses on the production of gold and the operation of mines.
It operates mines are situated in Australia, Ghana, Peru, and South Africa.
At the end Q4 2024, 19 hedge funds owned GFI stocks and the biggest stake holder, William B. Gray’s Orbis Investment Management, owning a $52.75 million stake.
(5) $Wheaton Precious Metals(WPM)$.
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Number of Hedge Fund Holders: 28
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Latest TTM Net Income: $537.64 million.
Wheaton Precious Metals Corp. (WPM) is a Canadian multinational company primarily focused on precious metals streaming.
It holds a significant position in the production and sale of precious metals, particularly silver, with over 26 million ounces produced and more than 29 million ounces sold.
These metals are typically acquired as by-products from the primary operations of other mining companies.
In February 2024, WPM faced downward pressure because TD Securities :
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Downgraded it to “Hold” rating from “Buy
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Reduced its price target to $51 from $58, despite an optimistic sales growth forecast.
As of the latest data, 28 hedge funds held stakes in WPM.
My viewpoints : (mine only).
With Fed chair Jerome Powell publicly admitting that US recession risk has gone up compared to 2 months ago, that says a lot about the current direct US economy is heading. (see below)
As mentioned in my Wed, 19 Mar 2025 post - the fallout effects of Trumps tariffs rollout in February 2025, will be felt come April 2025, when March’s economic reports are published.
Now that US economy is confirmed on a Titanic-recession collision course, is it time to start seriously consider “gold as an investment” (gaai) ?
What do you think ?
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