Gold stocks might seem like they belong in traditional portfolios, but they’re actually perfectly suited to alternative investment. Gold is an essential material used in the manufacture of microchips and other hardware that is critical to clean energy production. Gold has vast industrial applications and is one of the most valuable resources on earth. B2Gold Corp. (NYSE American: BTG) is priced as a bargain stock and has plenty of long term potential.
B2Gold has quickly grown since its formation in 2007. From a junior player in the market, it is now one of the leading producers. It operates five active gold mines and has several development and exploration projects underway. Its Fekola Mine in Mali is currently its flagship venture. This is a high production/low cost mine, and a major benchmark for what the company can achieve. In 2018 the mine produced 439,088 oz of gold with cash operating costs of just $337 per oz.
Last year, the company’s revenue almost doubled. It generated $1.59 billion in total revenue, a year over year increase of 91.54%. Income grew 142%, resulting in a gross profit margin of 29.77%.
Gold is a form of protection for alternative portfolios. There will always be an industrial demand for this metal, because it’s one of the best conductive and insulative materials currently known. The bargain pricing and high potential of this stock makes it a compelling June pick.
- 1 Year Price Growth: 00%
- YTD Price Growth: 79%
- 3 Month Price Growth: 15%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.