In this piece, we will take a look at the 5 Most Profitable Gold Stocks Now. For more such companies, go to the 12 Most Profitable Gold Stocks Now.
5. Franco-Nevada Corporation (NYSE:FNV)
Net Profit (TTM): $756.50 million
Founded in 1983, Franco-Nevada Corporation (NYSE:FNV) is a gold-focused royalty and investment company. The company has a diverse portfolio of cash-flowing assets which includes gold, silver, and other platinum group metals (PGMs). These assets are based in the regions of South America, Central America, Mexico, the United States, Canada, and other countries across the globe. Franco-Nevada Corporation (NYSE:FNV) has also invested in the energy sector in the US and Canada, adding diversity to its project portfolio.
On February 07, 2023, Cosmos Chiu, an analyst at CIBC, increased his price target on Franco-Nevada Corporation (NYSE:FNV) to C$240 from C$230 while keeping an Outperform rating on the company’s stock.
According to Insider Monkey’s database, 27 hedge funds held stakes worth $841 million in Franco-Nevada Corporation (NYSE:FNV) in Q4 2022, compared to 28 funds in the prior quarter with stakes worth $857 million.
Here is what Horizon Kinetics has to say about Franco-Nevada Corporation (NYSE:FNV) in its Q3 2022 investor letter:
“Back to basic principles. We don’t hold gold in client portfolios, we hold gold royalty companies. The two have surprisingly little in common. The gold royalty company generates very impressive profits even if the gold price never rises, and it earns those profits year after year. Here is a long-term chart of Franco Nevada Corp., the premier gold royalty company vs. gold itself: a comparable gold price today than a decade ago, yet Franco Nevada returned 12.5% annually, matching the S&P 500 return, despite its nearsole source of revenues unchanged. What will Franco Nevada’s earnings and share price do if gold rises over the course of a decade?”
4. Newcrest Mining Limited (NCM.AX)
Net Profit (TTM): $867.00 million
Newcrest Mining Limited (NCM.AX) is an Australian mining corporation with its operations based in Australia, Papua New Guinea, and Canada. The project portfolio of the company comprises the 100% owned Brucejack, Cadia, Lihir, and Telfer mines, and partially owned Red Chris mine. Newcrest Mining Limited (NCM.AX) also runs advanced projects in Australia and Papua New Guinea.
3. Sibanye Stillwater Limited (NYSE:SBSW)
Net Profit (TTM): $1.0 billion
Headquartered in South Africa, Sibanye Stillwater Limited (NYSE:SBSW) is a multinational mining corporation. The company’s products include gold, palladium, platinum, rhodium, and other platinum group metals (PGMs). The project portfolio of Sibanye Stillwater Limited (NYSE:SBSW) comprises processing and mining operations across five continents. These operations include gold, copper, and PGM projects in South Africa, the United States, Zimbabwe, North America, and South America. The company also owns a copper property and a zinc retreatment facility in Australia.
On January 10, 2023, Abhi Agarwal, an analyst at Deutsche Bank, increased his price target on Sibanye Stillwater Limited (NYSE:SBSW)to $13 while keeping a Hold rating on the company’s shares.
According to Insider Monkey’s database, 17 hedge funds held stakes worth $167 million in Sibanye Stillwater Limited (NYSE:SBSW) in Q4 2022, compared to 18 funds in the prior quarter with stakes worth $156 million.
2. Public Joint Stock Company Polyus (PLZL.ME)
Net Profit (TTM): $2.57 billion
Public Joint Stock Company Polyus (PLZL.ME) is a gold mining corporation based in Russia. The company explores, extracts, produces, and sells gold. The company’s project portfolio includes several operating mines, which include the Olimpiada mine and Blagodatnoye mine in the Krasnoyarsk region; the Verninskoye mine and Alluvials mine in the Irkutsk region; Natalka mine in the Magadan region; and the Kuranakh mine in North-Eastern Siberia. Public Joint Stock Company Polyus (PLZL.ME) also engages in research and exploration projects in various regions, including the Krasnoyarsk and Irkutsk regions.
1. Zijin Mining Group Company Limited (2899.HK)
Net Profit (TTM): $3.05 billion
Zijin Mining Group Company Limited (2899.HK) is a multinational mining company based in China. The company’s main activities include mineral prospecting, exploration, and mining in Mainland China. The major minerals include gold, copper, zinc, and lithium. Zijin Mining Group Company Limited (2899.HK) operates major gold and copper projects in China and 14 other countries. The projects based in China include the Zijinshan gold and copper mine in Fujian and the Julong copper mine in Tibet. The company’s overseas projects comprise several gold and copper mines in Serbia, Colombia, and the Democratic Republic of the Congo.
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