westcoast2019 wrote: Watching BNN today one analyst was giving his favorite mid tier gold stocks and then added ABX and NEM for safe large caps, as per usual no mention of Kl as a possible mid tier worth looking at.
It makes me wonder what KL has to do to get noticed. Now that they have largely successfully addressed the biggest beef most analysts had, that their gold reserves were low by the Detour purchase it seems to have little effect on the slow to learn gold analysts.
Being the top performing gold stock and top overall stock on the TSX over a 10 year period doesn't phase them, its all what have you done lately and what will you do from here on and rightly so I guess.
Below is a quick run down of KL and 3 comparable gold stocks for q1. KL's production for q2 looks like it will forebode an even better q2 earnings or at least similar to q1 even with the covid restrictions.
NEM market cap 49.7B
q1 net earnings $822M
closing share price today 62.14
q1 EPS $1.02
GOLD or ABX market cap $48.17 B
q1 net earnings $400M
price 27.09
q1 EPS .22
AEM market cap 21.38B
q1 net earnings -$21.56M
price 65.82
q1 EPS -.09
KL market cap 12.51B
q1 net earnings $202.88M
price 45.11
q1 EPS .79
Of the above I think AEM should suffer a big shareprice drop soon if they don't improve substantially.
As for the other 2 ABX is doing worse than KL and NEM marginally better but both with a marketcap of nearly 4 times KL . Whose ore reserves are more in danger of depletion now NEM, ABX, or KL ?
If you want a fairly safe mid tier gold stock performing well but with room to grow and also having gold price leverage I'd say (Rodney Dangerfield otherwise known as KL) is one of the best choices.
Otherwise NEM for those only wanting a small leverage to the gold price but not too interested in much growth above that.