Top 10 Gold Stocks To Watch Right Now

Last fall, big oil giant BP (NYSE:BP) provided income-seeking investors with a new option to consider by completing an initial public offering (IPO) of a vehicle to operate and acquire its U.S. midstream assets. The company, aptly named BP Midstream Partners (NYSE:BPMP), is a master limited partnership (MLP) that currently owns stakes in several of BP’s pipeline assets.

This brand-new income stock offers investors a golden income opportunity. The MLP recently declared its initial distribution, implying a yield of 6.1%. However, it sees that payout rising by a mid-teens annual rate through 2020, with ample growth potential beyond that time frame, which positions it to create meaningful value for investors in the coming years.

Image source: Getty Images.

A stock built upon a rock-solid foundation

BP seeded its MLP with stakes in several pipelines that provide it with stable cash flow. The most important is BP2, which is an onshore pipeline that moves oil to one of BP’s refineries. While only 12 miles long, the line should supply BP Midstream with 41.8% of its cash flow this year. It’s one of three onshore pipelines the company owns that also moves refined products and diluent, which helps dilute heavy oil produced from Canada’s oil sands. BP Midstream also owns stakes in several pipelines that transport oil and natural gas from offshore facilities in the Gulf of Mexico to the Gulf Coast through a 20% stake in the Mardi Gras system and a 28.5% joint venture interest in the Mars oil pipeline. Mars is the second-largest contributor to cash flow, supplying an anticipated 29.2% of this year’s total. Overall, these assets should provide BP Midstream with steadily increasing cash flow for the next few years due to the long-term contracts and regulated tariffs supporting the pipelines. 

Top 10 Gold Stocks To Watch Right Now: Golden Star Resources Ltd(GSS)

Advisors’ Opinion:

  • [By Max Byerly]

    Golden Star Resources Ltd. (NYSEAMERICAN:GSS) was the target of a significant increase in short interest in September. As of September 28th, there was short interest totalling 10,021,831 shares, an increase of 6.9% from the September 14th total of 9,371,344 shares. Based on an average trading volume of 1,038,207 shares, the short-interest ratio is presently 9.7 days. Approximately 4.7% of the company’s shares are sold short.

  • [By Joseph Griffin]

    Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$1.48.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Golden Star Resources (GSS)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Golden Star Resources (GSS)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Gold Stocks To Watch Right Now: CME Group Inc.(CME)

Advisors’ Opinion:

  • [By Stephan Byrd]

    First American Trust FSB grew its stake in CME Group Inc (NASDAQ:CME) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,167 shares of the financial services provider’s stock after buying an additional 639 shares during the period. First American Trust FSB’s holdings in CME Group were worth $2,650,000 at the end of the most recent reporting period.

  • [By Logan Wallace]

    Soros Fund Management LLC boosted its position in shares of CME Group Inc (NASDAQ:CME) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,636 shares of the financial services provider’s stock after acquiring an additional 3,609 shares during the period. Soros Fund Management LLC’s holdings in CME Group were worth $13,054,000 at the end of the most recent quarter.

  • [By Logan Wallace]

    Investors sold shares of CME Group Inc (NASDAQ:CME) on strength during trading hours on Wednesday. $43.03 million flowed into the stock on the tick-up and $84.28 million flowed out of the stock on the tick-down, for a money net flow of $41.25 million out of the stock. Of all stocks tracked, CME Group had the 11th highest net out-flow for the day. CME Group traded up $0.26 for the day and closed at $170.48

  • [By Stephan Byrd]

    KAMES CAPITAL plc cut its position in CME Group Inc (NASDAQ:CME) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 511,147 shares of the financial services provider’s stock after selling 8,580 shares during the period. CME Group accounts for approximately 2.1% of KAMES CAPITAL plc’s investment portfolio, making the stock its 12th biggest holding. KAMES CAPITAL plc’s holdings in CME Group were worth $87,002,000 as of its most recent filing with the SEC.

  • [By Max Byerly]

    GAM Holding AG lifted its holdings in shares of CME Group Inc (NASDAQ:CME) by 18.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,502 shares of the financial services provider’s stock after acquiring an additional 2,300 shares during the quarter. GAM Holding AG’s holdings in CME Group were worth $2,377,000 as of its most recent SEC filing.

Top 10 Gold Stocks To Watch Right Now: NEW GOLD INC.(NGD)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Commerzbank Aktiengesellschaft FI raised its holdings in shares of New Gold Inc (Pre-Merger) (NYSEAMERICAN:NGD) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,015,289 shares of the basic materials company’s stock after buying an additional 101,852 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.35% of New Gold Inc (Pre-Merger) worth $4,192,000 at the end of the most recent reporting period.

  • [By Lisa Levin] Gainers
    ARMO BioSciences, Inc. (NASDAQ: ARMO) shares rose 67.5 percent to $49.96 in pre-market trading after Eli Lilly and Company (NYSE: LLY) announced plans to acquire ARMO BioSciences for $50 per share.
    Turtle Beach Corporation (NASDAQ: HEAR) rose 62.8 percent to $11.30 in pre-market trading after the company reported Q1 results and raised its FY18 outlook.
    vTv Therapeutics Inc. (NASDAQ: VTVT) rose 23.4 percent to $2.11 in pre-market trading following announcement that the company will pre-specify new subgroup with the FDA and report Phase 3 Part B results in June.
    Resonant Inc. (NASDAQ: RESN) rose 19.1 percent to $5.00 in pre-market trading after reporting Q1 results.
    RXi Pharmaceuticals Corporation (NASDAQ: RXII) rose 17.7 percent to $2.39 in pre-market trading following Q1 results.
    Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 15.2 percent to $2.20 in pre-market trading after French company Total announced plans to acquire 25 percent stake in Clean Energy Fuels for $83.4 million.
    Everspin Technologies, Inc. (NASDAQ: MRAM) rose 14.6 percent to $8.50 in pre-market trading after the company reported strong results for its first quarter.
    Carvana Co. (NYSE: CVNA) shares rose 11 percent to $27.50 in pre-market trading after reporting upbeat Q1 sales.
    Sunrun Inc. (NASDAQ: RUN) rose 8.9 percent to $10.70 in pre-market trading following upbeat quarterly earnings.
    MediciNova, Inc. (NASDAQ: MNOV) rose 8.1 percent to $11.35 in pre-market trading after the company announced opening of Investigational New Drug Application for MN-166 (ibudilast) in glioblastoma.
    New Gold Inc. (NYSE: NGD) shares rose 7.7 percent to $2.65 in pre-market trading after the company reported that its President and CEO Hannes Portmann left the company. The company named Raymond Threlkeld as successor.
    Otter Tail Corporation (NASDAQ: OTTR) shares rose 7.4 percent to $46.60 in the pre-market trading session.
    Himax Technologies, Inc. (NASDAQ: HIMX) shares rose
  • [By Paul Ausick]

    New Gold Inc. (NYSEAMERICAN: NGD) dropped about 2.9% Monday to post a new 52-week low of $2.35. Shares closed at $2.42 on Friday and the stock’s 52-week high is $4.25. Volume was about 10% below the daily average of around 5.8 million shares. The gold mining company had no news.

Top 10 Gold Stocks To Watch Right Now: Northgate Minerals Corporation(NXG)

Advisors’ Opinion:

  • [By Shane Hupp]

    Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).

Top 10 Gold Stocks To Watch Right Now: Orezone Gold Corp (ORE)

Advisors’ Opinion:

  • [By Shane Hupp]

    Galactrum (ORE) is a PoW/PoS coin that uses the
    Lyra2RE hashing algorithm. It was first traded on December 13th, 2017. Galactrum’s total supply is 2,781,952 coins and its circulating supply is 2,061,952 coins. Galactrum’s official website is galactrum.org. Galactrum’s official Twitter account is @galactrum.

  • [By Jim Robertson]

    Finally, Richard Seville, the CEO of Brisbane-based Orocobre Ltd (ASX: ORE) which began lithium sales in 2015 from northern Argentina and also experienced difficulty boosting output, commented that an “inability to access traditional funds has delayed the development of the sector” and that “these projects aren’t easy — so the banks just don’t want to go there.”

  • [By Peter Graham]

    Sandstorm’s due diligence is thorough, they don’t just invest in any company. They like West Africa because they understand the area and the opportunities that exist there. Sandstorm is a royalty and streaming company, so they make these investments and receive cashflow deals that often kick in much later on. But they have already established a presence in Burkina and have deals in place with larger companies like Orezone Gold (TSXV: ORE) and Endeavour Mining (TSX: EDV). Sandstorm’s investment also potentially gives us access to their marketing department through something they call Launch Lab, and it looks like it will really benefit our own marketing efforts and will expose us to more opportunities over the coming year.

  • [By Stephan Byrd]

    Galactrum (CURRENCY:ORE) traded 1.7% lower against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on August 31st. Galactrum has a total market capitalization of $866,847.00 and approximately $5,272.00 worth of Galactrum was traded on exchanges in the last 24 hours. One Galactrum coin can now be purchased for about $0.42 or 0.00006032 BTC on major exchanges including Stocks.Exchange and Cryptopia. In the last seven days, Galactrum has traded 12.5% higher against the U.S. dollar.

  • [By Stephan Byrd]

    Galactrum (ORE) is a PoW/PoS coin that uses the
    Lyra2RE hashing algorithm. It launched on November 11th, 2017. Galactrum’s total supply is 2,092,679 coins and its circulating supply is 1,372,679 coins. Galactrum’s official Twitter account is @galactrum. Galactrum’s official website is galactrum.org.

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