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08. November 2021 | 13:05 CET

Triumph Gold, Barrick Gold, Rheinmetall - Precious metal stocks jump!

  • PreciousMetals
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Despite persistently high inflation, the US Federal Reserve is still far from thinking about interest rate hikes. At least in the stimulus bond purchases, however, the central bankers will step on the brakes a little and, as of November, reduce the volume of currently USD 120 billion monthly by USD 10 billion each. The program will then end completely in the fall of 2022. In the wake of this decision, prices for precious metals rose. Gold rose above the important resistance of USD 1,800.

time to read: 3 minutes by Carsten Mainitz
ISIN: TRIUMPH GOLD CORP. | CA8968121043 , BARRICK GOLD CORP. | CA0679011084 , RHEINMETALL AG | DE0007030009



Carsten Mainitz

The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

About the author

Triumph Gold - Opportunity at a reduced level

The signs for a further rising and also lasting high inflation are clearly to be seen. The inflation rate continued to rise last October. Nevertheless, ECB President Christine Lagarde also considers interest rate hikes unlikely, with only the end of the trillion-dollar PEPP Corona emergency program in March 2022 being promised.

In conjunction with the high government debt levels, investors should protect their assets by investing in equities, real estate and precious metals. Gold, meanwhile, has the advantage that, unlike the stock markets, it is not yet overvalued. Due to the correction taking place on the gold market for months, shares of gold producers and exploration companies are at an attractive valuation level.

High potential is held by Triumph Gold, which is focused on the continued development of its flagship Freegold Mountain project in Yukon's prolific Dawson Range copper-gold belt. The project hosts three significant mineral deposits: the Nucleus deposit, which contains silver-gold and copper deposits; Revenue, which includes gold, silver, copper, molybdenum and tungsten; the Tinta Hill polymetallic vein deposit; and numerous other gold and copper deposits.

Back in September, Triumph Gold completed a 19-hole drill program totaling 6,615m. Results should be released during November. An important personnel matter was resolved with the appointment of former chief geologist Brian May as Triumph Gold's new president. May has been instrumental in developing the Freegold Mountain project and has demonstrated his expertise in the past at several gold projects in the Yukon, British Columbia, California, Arizona and Nevada. Triumph Gold has corrected sharply from last year's high and is attractively valued at current levels with a market cap of around CAD 20 million.

Barrick Gold - Above forecasts

The share certificates of the world's second-largest gold producer, Barrick Gold, have also undergone a stronger correction. The business activities of the Canadians include the production and sale of gold and copper, as well as exploration activities and mine developments. About 90% of its sales are in the precious metal, with the remainder in the industrial metal, copper. Barrick holds interests in 14 gold mines.

Unlike industry leader Newmont Mining, which spooked investors with its third-quarter numbers showing lower production and higher costs, the Toronto-based company's numbers slightly beat estimates. The released third-quarter results showed attributable gold production of 1.09 million ounces for the quarter and 3.23 million ounces for the year to date. Attributable copper production was 100 million pounds for the quarter and 289 million pounds for the year to date. Q3 adjusted net earnings per share were USD 0.24, above the analyst consensus of USD 0.23.

Full-year results are also expected to hit the high end of forecasts. On the one hand, strong Q3 production in Africa and Middle East (AME) and Latin America regions came as a surprise. On the other hand, the plant at Carlin (Nevada, USA) was repaired and is running at full capacity again.

Rheinmetall AG - Full order books

Rheinmetall, the defence group and automotive supplier, also delivered a positive surprise when it presented its final figures for the third quarter. However, the Düsseldorf-based company was hit by the ongoing semiconductor crisis and the shortage of various raw materials, resulting in revised sales expectations weeks ago. For the current fiscal year, the management is forecasting revenue growth of 6%, compared to 7 to 9% previously. Nevertheless, the margin could be increased in Q3 due to cost savings. In the medium term, Rheinmetall aims to realize around 10% of sales as operating profit.

Meanwhile, another significant order was announced, further filling the order book. A global systems partner placed an order to supply an electric air-conditioning compressor worth a total of EUR 80 million. "We were able to expand our very high order backlog to now more than EUR 14 billion with important contract wins, thus reaching a completely new level for Rheinmetall," said CEO Armin Papperger when presenting the final figures. The analysts at Kepler Chevreux continue to take a positive view of the Düsseldorf-based company's development and reiterate their buy rating with a target price of EUR 115. A significant increase in profitability is expected for the year as a whole.

Inflation remains at a high level and, in contrast to the opinions of the central banks, it is likely to be not only temporary but to remain longer than expected. Gold has always proven to be a reliable protection against currency devaluation. The gold producer Barrick Gold and exploration Company Triumph Gold are attractive at a reduced level. Rheinmetall should continue to increase its profitability.


Carsten Mainitz

The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

About the author

Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

Related comments:

17. November 2021 | 13:11 CET | by Nico Popp

Barrick Gold, Triumph Gold, Newmont: Here is what matters for Barrick and Co.

  • PreciousMetals

The gold price has recovered in recent weeks. The increasingly strong inflationary pressure and the growing nervousness of professional market participants, such as banks, which see increasing pressure on monetary guardians to act in the fight against inflation, may have attracted some investors' attention to the precious metal again. But how can investors invest? Physical holdings involve incidental purchase costs and require a safe deposit box - bank safe deposit boxes are already in short supply at present. Financial products, such as ETCs, are more paper than precious metal and are certainly not suitable for crisis protection in the worst case. That leaves equities. We present three stocks.


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Newmont, Tembo Gold, First Majestic - The inflation bubble is filling up!

  • PreciousMetals

With the current climate debate and the parallel GreenTech hype, the development of precious metals is being ignored and left aside. Investment flows are going into the strong momentum stocks from the tech sectors, and gold and silver keep ending up on the sell lists after minor recovery attempts. The Federal Reserve is worried about dealing with the latest inflation data; after all, the economy is still laboring from broken supply chains and blocked sea routes. There will not be much growth in 2021 either, which does not seem to bother the stock markets. After all, shareholders like to hear the magic word "inflation," as it promises higher nominal profits and historically high asset prices. But the topic of gold and silver will come, so today, we look at interesting mining stocks.


01. November 2021 | 12:50 CET | by André Will-Laudien

Barrick Gold, Central African Gold, Gazprom - Gold becomes a fireball!

  • PreciousMetals

The development of gold follows the inflation trend in our economies in the last 25 years. Before the turn of the millennium, the ounce was still below USD 200. Due to the real estate bubble after the dot-com boom and the devastating effects of the US subprime crisis, the precious metal reached its temporary peak in 2011 at USD 1,950. At that time, the ECB tried to prevent the collapse of Greece with emergency loans. With the deployment of EUR 336 billion, this European rescue experiment succeeded for the time being, but the gold price then lost value again in the following years until 2015, down to USD 1,120. Last year, there was then a new attempt in the direction of north. In May, the precious metal reached USD 2,050 - a plus of USD 600 since the Corona Crisis. Where does the metal go from here?