To capture big gains prior to wide adoption and legalization in the marijuana space may require thinking a little outside the box or perhaps outside your geographical comfort zone. But it could certainly pay off. Many top pot stocks are on the rise and up hundreds of percent as the cannabis market is booming.
Royalty and streaming companies have significantly outperformed the benchmark index (GDX) as well as mining peers YTD (year-to-date). As of October 6, 2017, this group has returned 30.1% on average—significantly higher than GDX’s 12.1% and GLD’s 10.3%.
Investors in precious metals are opting for streaming and royalty companies over pure gold and silver miners this year despite a rise in metal prices, as producers struggle to win confidence in their ability to capitalise on the rally.
Shares of precious metals streamer Royal Gold (NASDAQ:RGLD) rose 7% in August according to S&P Market Intelligence. Although the company's fourth-quarter net income of $0.31 per share missed analysts' consensus estimate of $0.33 per share, investors were unfazed, focusing instead on the bright spots in the report.
A live audio webcast of the presentations will be available through GW’s corporate website at www.gwpharm.com on the Investors section under Events & Presentations. A replay will be available soon after the live presentation.
You've probably heard of the great California gold rush of the mid-19th century. Today, many are flocking to what has been called the "green rush" -- a major wave of money flowing into the marijuana industry. But while many marijuana stocks have taken off, many of them are also extremely volatile and risky.
Royal Gold, Inc. (NASDAQ:RGLD) (together with its subsidiaries, "Royal Gold” or the "Company”) today announced that its wholly owned subsidiary RGLD Gold AG sold approximately 62,000 gold equivalent ounces comprised of approximately 52,000 gold ounces, 374,000 silver ounces and 1,165 metric tonnes of copper related to its streaming agreements during its fiscal 2017 fourth quarter ended June 30, 2017 ("fourth quarter”). The Company had approximately 14,000 gold ounces and 537,000 silver ounces in inventory at June 30, 2017.
Gold prices tallied a third-straight gain Wednesday, maintaining their short-term boost from political uncertainty in the U.S., as the Federal Reserve Janet Yellen’s reiterated a call for ‘gradual’ interest-rate hikes in Capitol Hill testimony.
Gold prices settled with a modest gain for a second-straight session on Tuesday, getting a boost from political uncertainty in the U.S., as investors awaited Federal Reserve Janet Yellen’s testimony to Congress this week for cues on the timing of expected interest-rate hikes.
Hong Kong and Rome, 12 June 2017: Kingsman Investment Limited and their Asian private equity fund manager, today announced the appointment of Paul Ko as Managing Director in the firm’s Hong Kong office and David Hudson as Senior Advisor based in Rome, effective immediately.
Based on the near-term outlook for real rates, as well as uncertainty over Brexit, rising populism in Europe and Trump’s trade and foreign policies, Metals Focus analysts see gold testing $1,475 an ounce this year. If so, that would put the yellow metal at a four-year high.
In case you haven’t already noticed, inflation has been creeping up since July. In February, the most recent month of available data, consumer prices advanced at their fastest pace in five years, hitting 2.7 percent year-over-year.
The European Securities and Markets Authority (ESMA) presented its recommendation to the European Commission on extending the European Alternative Investment Fund Managers Directive’s (AIFMD) passport to funds and fund managers in key jurisdictions outside of the EU. This would allow these ‘third countries’ to manage and market their funds to investors based in the EU.