looking to pick up a Gold Stock. Thank you.
2007-01-03 00:59:45 · 5 answers · asked by chillykid 1 in Business & Finance ➔ Investing
Look at it this way. If they can not make a profit with the price of gold $650 an ounce, what future do you see for them?
If you want to invest in a gold stock, pick one that is doing well. ABX
2007-01-03 02:52:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
KGC is Kinross Gold Corporation, headquartered in Canada and is one of the to 10 gold companies in the World. It's price is around $11 and has fluctuated between a low of $9 and High $14. It hasn't paid any dividend for so many years even though they make close to 140 million net icome on a market capitalisation of over $4 billion. So it is very small income for the large share holders. It's sale is only around 700 million which is also very small for a company operating in different parts of the Globe. They have acquired Bema gold by the end of 2006. In spite of this it looks like not a good investment. Fearing inflation and lowering currency rates can make lot of people invest in Gold. But countries can follow strong currency policies and the trend can reverse. Investing in a company that fluctuate in a low band for long need not be a good investment.
2007-01-04 12:31:13 · answer #2 · answered by Mathew C 5 · 0⤊ 0⤋
if you really want to buy a gold stock, why don't you find a mutual fund that invests in gold stocks and take on less risk, and own many other things at the same time
2007-01-03 16:01:05 · answer #3 · answered by besthusbandever 4 · 0⤊ 0⤋
I wouldn't buy it now (there are better Gold plays out there). I'd take a stab it once it got down to $9.50-$9.75
2007-01-03 13:02:52 · answer #4 · answered by t_roe 3 · 0⤊ 0⤋
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2007-01-03 11:51:18 · answer #5 · answered by dinu_pawar 5 · 0⤊ 0⤋