PretiumPretium Resources Inc. (NYSE: PVG) is one of the most promising gold stocks on the market today. This company specializes in gold exploration, extraction, and processing. Its first quarter results saw increased operational efficiency and a plan to reduce debt by up to $140 million by the end of this year.

Gold is one of the most valuable natural resources on earth. It is unaffected by atmospheric conditions and resists damage from air, acids, and nitric. While many look at gold as an investment grade metal, it also has far-reaching benefits in electronics, including the renewable energy industry. Gold is used as a conductor, as heat shielding for engines and motors, and it is even used to coat the sensitive exteriors of satellites and space exploration vehicles.

Pretium sales revenue grew 157% in 2018, and the confidence from the result is still carrying the stock in the market today. Gross income grew 193% year over year, and the company is operating at a strong profit margin of 33.43%.

A gold related stock is a strong pick for any alternative investment portfolio. The widespread use of gold means that there will always be high demand, especially in the high tech industries that support clean energy production. Strong momentum in this stock makes it a compelling pick for investors in June.

Key Data:

  • 1 Year Price Growth: 23%
  • YTD Price Growth: 23%
  • 3 Month Price Growth: 06%

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.