Streetbeat News

GSISF

Genesis Minerals

Industry

Dimension Stone Mining and Quarrying

Open

0.94

Mkt cap

1.6B

Volume

250

High

1.45

P/E Ratio

29.00

52-wk high

1.73

Low

0.94

Div yield

N/A

52-wk low

0.00

UBS has raised its gold price forecast to $2,800 per ounce by 2025, driven by macroeconomic uncertainty, geopolitical risks, and increased gold allocations. UBS also predicts a surge in M&A activity in the gold mining sector and has upgraded price targets for Northern Star, Genesis Minerals, and SSR Mining. Additionally, UBS has raised its silver price forecast due to rising industrial demand and potential undersupply.

Portfolio Pulse from Stjepan Kalinic

June 05, 2024 | 1:49 pm

Gold prices surged past $2,160 per troy ounce, leading to an 8-session gain streak and outperforming AI-driven semiconductor stocks like NVIDIA Corp. (NVDA) and the iShares Semiconductor ETF (SOXX). The VanEck Gold Miners ETF (GDX) saw a 15% increase since late February, with inflows of over $350 million. Gold miners' attractive valuations and technical signals suggest a potential bull market. Top performing mining stocks include Genesis Minerals Limited (GSISF), Torex Gold Resources Inc. (TORXF), Coeur Mining, Inc. (CDE), OceanaGold Corporation (OCANF), AngloGold Ashanti plc (AU), DRDGOLD Limited (DRD), and Perseus Mining Limited (PMNXF).

Portfolio Pulse from Piero Cingari

March 07, 2024 | 9:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.