Tap gold’s outlook with Barrick and Alamos

Article Excerpt

Barrick Gold and Alamos Gold offer you great ways to prosper from rising gold prices during coronavirus uncertainty and beyond. That economic volatility should significantly boost demand for gold as an investment, especially if huge goverment stimulus spending across the world spurs inflation. That’s likely to send more investors looking for the “safe harbour” of gold. Both these stocks are buys. BARRICK GOLD, $26.27, is a buy. The stock (Toronto symbol ABX; TSINetwork Rating: Average) (www.barrick.com; Shares outstanding: 1.8 billion; Market cap: $46.7 billion; Dividend yield: 1.6%) lets you tap the second-largest gold producer in the world after Newmont (symbol NEM on New York). All together, the company has mining operations and projects in 15 countries. In the quarter ended March 31, 2021, revenue rose 8.6%, to $2.96 billion from $2.72 billion. Excluding one-time items, earnings reached $0.29 a share in the latest quarter—up 81.3% from $0.16. The main reason for the gains, apart from the higher sales, was 11.8% higher realized…