🔵 Get My FREE Investing Guide! 👉 http://bit.ly/3c90WyY Here are 3 gold stocks I think are undervalued in 2020 and that could make good stocks to buy now.
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I am bullish on gold for the rest of this year mainly due to the policies of the federal reserve increasing the money supply and devaluing the dollar. As a result of this, I expect gold and gold stocks to do very well over the next couple of years. Here are 3 gold stocks that have the potential to double.
Stock 1: IAMGOLD (IAG) stock. Iamgold is a Canadian gold mining company with mines in 3 continents. This stock is in a good financial position with very low levels of debt, and are undervalued with a free cash flow yield of around 20%.
Stock 2: Agnico Eagle Mines (AEM) stock. AEM is a Canadian gold mining company with a history of mining since 1957. They have mines in Canada, Finland, and Mexico with exploration in additional countries. This company has paid a dividend every year since 1983 and has stable cash flows. This company is expected to grow earnings and cash flows very quickly over the next 5 years. I think this stock could be up 80% by 2021 based on cash flow expectations.
Stock 3: Altius Minerals (ATUSF) stock. Altius is a metals royalty company that receives royalties on metals other than gold such as copper, iron, and cobalt. I like this company’s management team and the royalty business model. Instead of spending millions in mining equipment, Altius simply buys the mines, lets a mining company do all the work, and then takes a royalty off the metals produced. This allows them to have 90% gross margins and will allow them to keep growing cash flows and earnings as long as they continue to find mines. The dividend has grown at 75% per year since it was started in 2015. I think this could continue and the dividend could 10x over the next 5 years.
TIMESTAMPS:
00:00 Why gold stocks will do well in 2020
1:18 Stock 1
2:46 Stock 2
5:29 Stock 3
#investingclub #goldstocks #stockstobuynow
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