What changed
$GOLD — BUY 📊 | 6 MONTHS THESIS
🎯 latest | Rev $10.2B | EPS $2.24 vs $2.17 🟢
💡 Consensus EPS estimates of ~$2.20 for the next year imply flat earnings and gold prices near $2,500/oz. Our variant view is that gold will surge above $3,000/oz within three months, driving EPS to $4.50+ and triggering a re-rating from the current ~20x P/E to 15x on forward estimates.
📉 Reward/risk: 2.75:1
🏢 Business Quality: 8/10 - Tier-1 gold assets, low all-in sustaining costs (~$1,050/oz), strong management, robust free cash flow generation, and a commitment to shareholder returns.
📊 Valuation: Cheap on forward basis, fair on trailing metrics. Trailing P/E 19.7x and EV/EBITDA ~25x appear rich, but if gold averages $3,000/oz, forward P/E...
🔮 Catalyst: Gold price breakout above $3,000/oz or next quarterly earnings report with raised guidance
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/GOLD0615