3 “Strong Buy” Gold Stocks from Wall Street – Week of 4/2

In times of economic uncertainty, gold has always been a safe haven for investors. With the ongoing economic and geopolitical tensions, many investors are turning to gold as a hedge against market volatility. As a result, the demand for gold has been on the rise, leading to an increase in prices.

Here are three “Strong Buy” gold stocks from Wall Street –

Sibanye Stillwater Limited – SYM: SBSW
Recent Price: $8.36
Price Target: $12.03
Firms with Buy Rating: Goldman Sachs, Bank of America, J. P. Morgan
Description: Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.


Agnico Eagle Mines Limited – SYM: AEM
Recent Price: $55.71
Price Target: $57.17
Firms with Buy Rating: Barclays, Bank of America, BMO Capital
Description: Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Australia, Mexico, and Finland. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is its 100% owned LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. It is also involved in exploration activities in Canada, Europe, Latin America, Australia, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.


Sandstorm Gold Ltd. – SYM: SAND
Recent Price: $6.01
Price Target: $8.31
Firms with Buy Rating: Raymond James, BMO Capital, Stifel Nicolaus
Description: Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price. The company has a portfolio of 250 streams and royalties. It primarily has operations in Canada, Mexico, the United States, Mongolia, Burkina Faso, Ecuador, South Africa, Ghana, Botswana, Cote D’Ivoire, Argentina, Brazil, Chile, Peru, Egypt, Ethiopia, Guyana, Paraguay, French Guiana, Turkey, Sweden, Fiji, and Australia. The company was formerly known as Sandstorm Resources Ltd. and changed its name to Sandstorm Gold Ltd. in February 2011. Sandstorm Gold Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.


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