Gold stocks rallied 122% off the March market low as gold prices surged. Here's the outlook for Barrick Gold, Kirkland Lake, Kinross and others.

Is (GOLD) Outperforming Other Basic Materials Stocks This Year?

Lower customer orders hurt sales in Flexible Solutions' (FSI) EWCP unit in Q1.

Barrick Gold (GOLD) could produce exceptional returns because of its solid growth attributes.

National Steel's (SID) Q1 top line declines on heavy rainfall and delay in new mining fronts.

May 19 (Reuters) - Canada's main stock index futures rose 2% on Tuesday, after a long holiday weekend, as sentiment was lifted by positive data from an early-stage study testing a coronavirus vaccine. S&P 500 e-mini futures were down 0.25% and Nasdaq 100 e-mini futures were flat.

Barrick Gold Corporation (GOLD) (ABX.TO) has settled the majority of the North Mara legacy land claims and has paid the first tranche of the $300 million settlement it agreed with the Tanzanian government to resolve the disputes it inherited from Acacia Mining. President and chief executive Mark Bristow said these were landmark events that demonstrated the strength of the partnership the company forged earlier this year through the formation of the jointly owned Twiga Minerals Corporation, which oversees the management of Barrick’s operations in the country. In terms of its framework agreement with the government, the shipping of some 1,600 containers of concentrate stockpiled from Bulyanhulu and Buzwagi resumed in April and the first $100 million received from the sale has gone to the government.

Barrick Gold Corporation (GOLD)(ABX.TO), owner and operator of the Lumwana copper mine, has donated 10 computers to the University of Zambia School of Mines and agreed to help repair the Kakayindu Police Post, in line with its commitment of creating long-term value for its host countries and communities. According to Willem Jacobs, Barrick’s chief operating officer for Africa and the Middle East, enrolment at the School has increased over the years, creating the need for an expansion of its infrastructure.

Gold concentrate containers belonging to Barrick's Tanzania subsidiary Twiga Minerals have been cleared for export, four months after the government lifted an export ban imposed during a tax dispute, a minerals ministry official told Reuters. "Those who are responsible for executing the order according to the law have finished the procedures and Twiga has been allowed (to export the containers)," Simon Msanjila, permanent secretary at the ministry of minerals, said on Monday. Barrick CEO Mark Bristow told Reuters on Jan. 27 the gold was worth $260-$280 million.

FMC Corp (FMC) benefiting from strong demand for its industry leading products and actions to expand its product portfolio.

Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretend that the company hasn't already seen a big boost. Once the dust settled in March, gold prices rebounded with a vengeance. NEM did as well, as did Barrick Gold (NYSE:GOLD), another company we are bullish on.Although Newmont stock has dipped slightly from the new highs it made earlier this year, shares are still up 100% from the March lows. For 2020, Newmont is up 46%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold as a HedgeWhen the novel coronavirus sucker punched the global economy, central banks had to act quickly. They needed a coordinated effort to stave off a global depression and buy us some time until we had more resources. Governments, economies, hospitals and people needed more time, ventilators and information, among other things. * 7 Excellent Penny Stocks Ready to Roar This forced the Federal Reserve, European Central Bank, and the rest to fire up the printing presses. They slashed interest rates, made cash appear overnight, stepped into credit markets and kickstarted what Paul Tudor Jones called the "Great Monetary Inflation."Known on the Street as PTJ, the legendary trader expanded on the topic, saying this is "an unprecedented expansion of every form of money unlike anything the developed world has ever seen."As a result, he scoped out gold, Treasuries, and even bitcoin. I personally prefer crypto assets to the yellow metal, but it doesn't hurt to have some exposure to the latter in one's portfolio. Tudor Jones even said bitcoin reminds him of gold in the 1970s.One of his reasons for betting on bitcoin is that it's the "fastest horse" in the group -- and we know that to be true with its volatility. But the point is still the same: global central banks will drive up the prices of others assets, gold included. NEM Stock as a BuyNewmont Mining reported earnings earlier this month. Despite coming into the print at its year-to-date high, NEM stock barely flinched despite missing on earnings and revenue expectations.However, the misses were minimal and growth expectations remain strong. Earnings of 40 cents per share missed by 2 cents, while revenue of $2.58 billion exploded higher by 43.3%, although missed estimates by $80 million.For the year, analysts expect Newmont to earn $2.29 per share. In that scenario, that's up more than 73% year-over-year. Those estimates are also up over the last seven, 30 and 90 days, where they stood at $2.25 per share, $2.11 per share, and $1.92 per share, respectively. Click to EnlargeA company with growing earnings expectations in 2020? That puts NEM stock in a category with few participants. In 2021, consensus estimates call for another year of robust earnings growth, at 37%. Revenue growth estimates in those two years stand at 13.4% and 7%, respectively.However, there is a hiccup in there. Management expects Q2 (the upcoming quarter) to be its highest cost and lowest production quarter. So there could be a dip over the next few months. If that's the case, investors may be wise to nibble some NEM stock.That's after management maintained its long-term outlook. They also said expenses should improve through 2024, alongside stable production. Risks and AlternativesThere are many reasons to be bullish on gold, and thus bullish on gold stocks. However, that doesn't mean it comes without risk.Gold prices and gold stocks were hit in March, when an unprecedented decline and increase in volatility hit equity markets. This put pressure on precious metals, cryptocurrencies and fixed income, too. Investors were forced to sell assets -- high quality or low -- in order to meet their obligations.So NEM stock, GOLD stock, and gold prices are not immune to this price action should it arise again.Additionally, gold may not trade in the manner that investors expect. While gold seems like a no-brainer here -- with investors needing just one difficult trait called patience -- it's possible that it doesn't behave the way we expect.For those that can't decide between which gold stocks to buy, they can also consider owning the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX). The top holding in this case is NEM stock, followed by Barrick Gold. Between the two, they make up roughly 30% on the fund.At the end of the day, though, NEM stock should continue higher. It's got great growth prospects.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Newmont Mining Should Ride Higher With Gold Prices appeared first on InvestorPlace.

While stock market corrections are fairly common and bear markets inevitable, the current bear market is unlike anything we've ever seen before. The coronavirus disease 2019 (COVID-19) pandemic has cost more than 39 million Americans their jobs, based on initial jobless claims filed over the previous nine weeks, and at one point, it erased 34% of the value of the S&P 500 in just 33 calendar days. As an investor of 21 years, I've probably followed no industry more closely than gold mining -- and without question, gold stocks have never been more compelling than they are right now.

Eastman Chemical (EMN) benefits from cost control actions and innovation amid a difficult demand environment.

(Bloomberg) -- Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis.“It is no surprise that people are buying gold. But the authorities may attempt at some point to de-monetise gold, making it illegal to own as a private individual,” Odey wrote in a letter to investors seen by Bloomberg. “They will only do this if they feel the need to create a stable unit of account for world trade.”Odey, a long-standing critic of central bank policies who is known for his apocalyptic predictions, increased the gold position in his flagship Odey European Inc. fund during the course of April. Holdings of June gold futures represented 39.9% of the fund’s net asset value at the end of the month, up from 15.9% at the end of March. A stake in Barrick Gold Corp., the world’s No. 2 gold miner, was his largest single long equity position.The fund, which gained 21% in March, was down 9.5% in April, according to the letter. A spokesman for Odey declined to comment.Read more: Eleven Hedge Fund Traders Scored Big Profits When the Crisis HitFear of government confiscation is a common theme among some of gold’s most ardent supporters, who point for precedent to the U.S. government’s forced purchases of private bullion holdings in 1933 as part of a devaluation of the dollar. The price of gold was raised from $20.67 an ounce to $35, where it remained until the U.S. ended the gold standard in 1971.Today, with major currencies no longer linked to gold, there’s no indication that governments or central banks are considering any similar move.Gold futures for June delivery rose 0.4% to $1753.20 an ounce at 7:38 a.m. on the Comex in New York, close to a seven-year high.Odey, who has previously compared the current pandemic to the Great Depression of the 1930s, argued that central banks would fail to contain inflation as the economy eventually recovers from the impact of global lockdowns.“History is filled with examples where rulers have, in moments of crisis, resorted to debasing the coinage,” he wrote. Odey is not alone in betting that gold will benefit as high inflation follows the coronavirus crisis, although market measures of inflation expectations show that it’s far from a consensus view.Read more: Hedge Fund Luminaries Are Lining Up Behind Gold AgainHigh inflation would hurt long-dated bonds and growth stocks, Odey predicted, citing forecasts for inflation rates of 5% to 15% within 15 months. “I very much expect that the authorities will fight these prevailing trends for every inch of the way, but I also expect them to lose the fight,” he wroteOdey is known for his eye-catching comments and bearish market outlook. In 2016, he predicted that a potential recession and higher inflation following the Brexit vote could lead to U.K. stocks slumping 80%. The following year, he told investors to watch out for the “Minsky moment,” referring to the term inspired by economist Hyman Minsky to describe a sudden market collapse that follows the exhaustion of credit.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]

Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.

Barrick's Tanzania subsidiary Twiga Minerals has resumed exports of gold concentrate after receiving clearance for its first shipments since the lifting of a government ban imposed during a tax dispute with the mining company. The dispute originally involved Acacia Mining, which was taken over by Barrick last year. The Tanzanian government imposed a ban on exporting mineral concentrates in 2017 after accusing Acacia of tax evasion.

A Papua New Guinea court is set to rule next month on whether Barrick Gold Corp can proceed with a legal challenge over the government's refusal to extend its lease on the Porgera gold mine, the head of the country's mining regulator said. Papua New Guinea (PNG) said last month it would take control of the lucrative but troubled mine in the remote highlands region, citing environmental and social problems. Barrick, which operates the mine in a joint venture with China's Zijin Mining, suspended operations and launched a court challenge to the decision, vowing to pursue "all legal avenues" for recourse.

Air Products (APD) expects the alliance agreement to bolster offerings and customer confidence in the quality, and reliability of project development and efficiency.

Air Products (APD) gains from investments in high-return projects and productivity initiatives.