- B2Gold Earnings Beat Estimates in Q1 on Strong Gold Production
May 11, 2026
B2Gold Corp. BTG posted adjusted earnings of 19 cents per share for the first quarter of 2026, topping the Zacks Consensus Estimate of 11 cents by 72.7%. The adjusted bottom line more than doubled from earnings of 9 cents in the year-ago quarter.
Revenues climbed 117.7% year over year to $1.16 billion, supported by higher realized pricing and strong sales volumes. Total gold production of 237,763 ounces surpassed expectations, with all operating mines outperforming forecasts.
B2Gold Corp Price, Consensus and EPS Surprise
B2Gold Corp price-consensus-eps-surprise-chart | B2Gold Corp Quote
BTG’s Mines Deliver a Strong Start to 2026
B2Gold produced 237,763 ounces of gold in the March-end quarter, up from 192,752 ounces a year ago. The company attributed the outperformance to stronger-than-planned operating results across its portfolio.
By operation, Fekola led production at 117,450 ounces on higher throughput and solid recoveries. Fekola produced 93,805 ounces in the prior-year quarter. Masbate produced 52,908 ounces on favorable grade variance, up from the prior-year quarter’s 46,369 ounces. Otjikoto delivered 24,529 ounces, helped by better-than-planned grades.
However, the performance marked a dip from 52,578 ounces produced in the first quarter of 2025 due to slightly lower than planned throughput. The Goose Mine generated 42,876 ounces on higher grades and recoveries despite lower throughput.
B2Gold’s Gains on Pricing & Higher Sales
For the January-March quarter, the total cost of sales was $549 million, surging 86.5% year over year. The gross profit skyrocketed 156.5% year over year to $610 million. The gross margin increased to 52.6% in the reported quarter from the prior-year quarter’s 44.7%.
The company sold 276,346 ounces of gold during the quarter versus 183,998 ounces a year ago, benefiting from both higher production and shipment timing.
Realized pricing was also a meaningful tailwind. The average realized gold price rose to $4,193 per ounce from $2,892 per ounce in the year-ago quarter, amplifying the impacts of higher sales volumes on the top line.
BTG’s Cost Performance Helps Lift Profitability
B2Gold’s consolidated cash operating costs were $1,005 per ounce produced in the quarter, while cash operating costs on a sales basis were $846 per ounce sold. Costs were better than expected, driven largely by higher production and lower-than-anticipated production costs.
All-in sustaining costs were $1,964 per ounce sold compared with $1,533 per ounce in the prior-year quarter. At the mine level, B2Gold cited lower operating costs at Goose and Masbate, and lower-than-expected costs at Otjikoto, reflecting operating efficiencies and production leverage.
Story Continues
B2Gold’s Cash Generation Strengthens Financial Flexibility
BTG generated $539.5 million in cash from operating activities in the quarter compared with $179 million in the prior-year quarter. The free cash flow was $361.8 million. The company highlighted the quarter as an early demonstration of cash generation potential in the current gold price environment.
Cash and cash equivalents totaled $479.4 million at March 31, 2026, up from $380.4 million at the end of 2025.
BTG 2026 Outlook
B2Gold reiterated its 2026 consolidated gold production guidance of 820,000-970,000 ounces and framed 2026 as a year focused on delivering planned operational objectives while supporting free cash flow growth. Key priorities include advancing phase one of planned Goose Mine crusher upgrades and beginning mining at Fekola Regional once an exploitation permit is received.
Operationally, the company provided an update on the Goose Mine following a fire in parts of the crushing circuit in mid-April. The company estimated repairs at roughly $7 million and expects completion in the third quarter of 2026, alongside the first phase of crushing circuit upgrades estimated at $11 million.
While B2Gold reiterated Goose’s 2026 guidance of 170,000-230,000 ounces, it lowered its internal second-quarter production outlook to 18,000-20,000 ounces due to reduced crushed ore availability.
BTG Stock’s Price Performance & Zacks Rank
The company’s shares have soared 82.4% in the past year compared with the industry’s surge of 96.3%. During this time, the Basic Materials sector has jumped 49.1%, whereas the S&P 500 has grown 33.4%.Zacks Investment Research
Image Source: Zacks Investment Research
BTG currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Mining Stocks in Q1
Kinross Gold Corporation KGC registered adjusted earnings of 71 cents per share in the first quarter of 2026, up from the prior-year quarter’s earnings of 30 cents. The bottom line beat the Zacks Consensus Estimate of 68 cents. Kinross Gold’s revenues surged roughly 61% year over year to $2.41 billion in the first quarter. The figure beat the Zacks Consensus Estimate of $2.17 billion. The rise is attributed to higher average realized gold prices.
Agnico Eagle Mines Limited AEM earnings were $3.40 per share in first-quarter 2026, up from $1.53 a year ago, beating the Zacks Consensus Estimate of $3.19. Agnico Eagle Mines generated revenues of $4.09 billion, up 66.1% year over year. The top line surpassed the Zacks Consensus Estimate of $3.84 billion.
Newmont Corporation’s NEM adjusted earnings surged 132% year over year to $2.90 per share and topped the Zacks Consensus Estimate of $2.07. Including one-time items, Newmont reported earnings of $3 per share compared with $1.68 in the year-ago quarter.
Newmont’s revenues for the first quarter were $7.31 billion, up 45.9% year over year. The figure beat the Zacks Consensus Estimate of $6.36 billion. Average realized prices were up 66% to $4,900 per ounce, which helped offset the impacts of a 15% drop in sales volumes to 1.232 million ounces.
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- Agnico Eagle Stock Slips 11% in a Month: Should You Buy the Dip?
May 11, 2026
Agnico Eagle Mines Limited’s AEM shares have lost 11.2% in the past month, pulled down by the recent retreat in gold prices on inflation worries stemming from heightened tensions in the Middle East, notwithstanding the company’s earnings outperformance.
AEM has outperformed the Zacks Mining – Gold industry’s 5.2% decline and the S&P 500’s rise of 8.6%. Its gold mining peers, Newmont Corporation’s NEM shares have traded flat over the same period, while Barrick Mining Corporation B has ticked up 0.2% and Kinross Gold Corporation KGC has lost 6.2%.
AEM’s One-month Price PerformanceZacks Investment Research
Image Source: Zacks Investment Research
AEM stock broke above the 200-day simple moving average (SMA) on May 6, 2026, after briefly slipping below that level. The stock has been trading below the 50-day SMA since April 21, 2026. Nonetheless, the 50-day SMA continues to read higher than the 200-day SMA, indicating a bullish trend.
Agnico Eagle’s Shares Trade Below 50-Day SMAZacks Investment Research
Image Source: Zacks Investment Research
Let’s take a look at AEM’s fundamentals to better analyze how to play the stock.
Advancement of Key Projects to Drive AEM’s Growth
Agnico Eagle is focused on executing projects that are expected to provide additional growth in production and cash flows. It is advancing its key value drivers and pipeline projects, including the Odyssey project in the Canadian Malartic Complex, Detour Lake, Hope Bay, Upper Beaver and San Nicolas.
The Hope Bay Project, with proven and probable mineral reserves of 3.4 million ounces, is expected to play a significant role in generating cash flow in the years to come. AEM advanced site preparations for a potential project redevelopment in the first quarter of 2026, with a potential decision expected this month. At Canadian Malartic, Agnico Eagle is advancing the transition to underground mining with the construction of the Odyssey mine and executing other opportunities to beef up annual production. Production from East Gouldie commenced from the ramp in the first quarter.
Drilling at the Marban deposit, added through the acquisition of O3 Mining, focuses on mineral reserve and mineral resource expansion. AEM also continued to work on a feasibility study at San Nicolas. At Detour Lake, AEM advanced the development of the exploration ramp during the first quarter. Development activities also advanced at Upper Beaver, which has the potential to produce 200,000-225,000 ounces of gold and 3,600 tons of copper annually.
AEM’s Capital Allocation Backed by Solid Financial Health
AEM has a robust liquidity position and generates substantial cash flows, which enable it to maintain a strong exploration budget, finance a strong pipeline of growth projects, pay down debt and drive shareholder value. Its operating cash flow for full-year 2025 was a record $6.8 billion, driven by operational efficiencies. Operating cash flow was roughly $1.3 billion in the first quarter, up around 29% from the year-ago quarter.
AEM’s first-quarter free cash flow climbed 23% year over year to roughly $732 million. The upside was backed by the strength in gold prices and robust operational results. The company remains focused on paying down debt using excess cash, with total long-term debt reducing by roughly $950 million in 2025. The company had a long-term debt of $197 million at the end of the first quarter. It ended the quarter with a significant net cash position of roughly $2.9 billion, driven by an increase in cash.
AEM also returned around $1.4 billion to its shareholders in 2025 and $375 million in the first quarter of 2026 through dividends and share buybacks. It raised its quarterly dividend by 12.5% to 45 cents per share. AEM offers a dividend yield of 0.9% at the current stock price. It has a five-year annualized dividend growth rate of 2.7%. AEM has a payout ratio of 18%.
Story Continues
Favorable Gold Prices Bode Well for AEM Stock
Elevated gold prices are expected to boost AEM’s profitability and drive cash flow generation. While gold prices have fallen from their January 2026 highs, they remain favorable. Heightened geopolitical strains, a weaker U.S. dollar, tariff threats and concerns over the independence of the Federal Reserve drove bullion to a record high of nearly $5,600 per ounce in late January. This was followed by a brief pullback to below $4,900 per ounce due to aggressive profit-booking and a rebound in the U.S. dollar after hitting a four-year low.
Bullion strengthened again, surging past $5,400 per ounce on March 2, as safe-haven demand spiked, following joint U.S.-Israel strikes on Iran. A stronger U.S. dollar, inflation fears tied to a spike in oil prices and the Fed’s hawkish tone weighed on gold prices, dragging bullion to near $4,400 per ounce in late March.
Gold surged to near $4,800 per ounce in early April after the United States and Iran agreed to a two-week ceasefire, leading to crashing oil prices and easing inflation worries. This was followed by another brief pullback on inflation concerns following failed U.S.-Iran ceasefire talks and the announcement of a U.S. naval blockade of the Strait of Hormuz. Gold prices again gained ground, surpassing $4,800 per ounce as oil prices fell on hopes of a U.S.-Iran truce, before slipping to near $4,700 per ounce on continued geopolitical tensions despite the U.S.-Iran ceasefire extension.
Bullion further fell to a one-month low below $4,600 per ounce in late April, stemming from inflation worries from a surge in oil prices amid stalled U.S.-Iran talks and closure of the Strait of Hormuz. Renewed escalation in the Middle East pulled down prices further to around $4,500 per ounce in early May, before climbing back above $4,700 per ounce later last week on hopes of de-escalation and a decline in oil prices.
Higher Costs Weigh on Agnico Eagle Stock
Agnico Eagle remains exposed to higher production costs. Its all-in-sustaining costs (AISC) — a critical cost metric for miners — were $1,483 per ounce in the first quarter, marking a roughly 26% year-over-year rise. AISC increased year over year due to higher total cash costs and an uptick in sustaining capital expenditures. Total cash costs per ounce for gold were $1,093, 22% higher than $895 a year ago. Total cash costs rose due to increased royalty costs and lower production.
AEM forecasts total cash costs per ounce in the range of $1,020 to $1,120 and AISC per ounce between $1,400 and $1,550 for 2026, suggesting a year-over-year increase at the midpoint of the respective ranges. Cash costs are expected to increase in 2026, partly due to higher royalty costs, cost inflation (including higher labor and electricity costs) and lower grades across certain mines. Higher production costs warrant caution, as they will likely weigh on AEM’s profitability.
AEM’s Earnings Estimates Southbound
The Zacks Consensus Estimate for AEM’s 2026 earnings has been going down over the past 60 days. The consensus estimate for 2027 earnings has also been revised lower over the same time frame.
The Zacks Consensus Estimate for 2026 earnings is currently pegged at $13.09, suggesting year-over-year growth of 58.1%. Earnings are expected to grow roughly 1.5% in 2027.Zacks Investment Research
Image Source: Zacks Investment Research
Agnico Eagle Stock Trades at a Premium
Agnico Eagle is currently trading at a forward 12-month earnings multiple of 14.69, a roughly 26.7% premium to the peer group average of 11.59X. AEM is also trading at a premium to Barrick Mining, Newmont and Kinross Gold. Agnico Eagle has a Value Score of D. Barrick Mining, Newmont and Kinross Gold have a Value Score of B, each.
AEM’s P/E F12M Vs. Industry, B, NEM & KGCZacks Investment Research
Image Source: Zacks Investment Research
Final Thoughts: Hold Onto AEM Shares
AEM offers an attractive investment opportunity in the gold mining space, backed by a robust pipeline of growth projects and a strong financial footing. Elevated gold prices are also expected to enhance profitability further and strengthen cash flow generation. The company’s positive earnings growth outlook and an ultra-low debt profile are the other positives. However, its high production costs warrant caution. AEM’s stretched valuation might not offer an attractive entry point at this time. Holding onto this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Newmont Corporation (NEM) : Free Stock Analysis Report
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Barrick Mining Corporation (B) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Agnico Eagle Stock Slips 11% in a Month: Should You Buy the Dip?
May 11, 2026 · zacks.com
Agnico Eagle shares fell 11% in a month as gold prices retreated, but growth projects and strong cash flow continue to support the miner.
- Jim Cramer has a blunt message on gold for investors
May 10, 2026
Gold had its best year since 1979 in 2025. It set 53 new all-time highs along the way. It crossed $5,000 for the first time in history before peaking at $5,589.38 on January 28, 2026. By any measure, that is a historic run.
Jim Cramer is not chasing it. And on May 7, he said exactly why.
A caller on CNBC's "Mad Money" Lightning Round asked Cramer about Agnico Eagle Mines, one of the world's largest gold producers. Cramer acknowledged the stock but used the question as a platform to explain his current stance on the metal itself.
"You would be in the best one," Cramer said of Agnico Eagle Mines. "I am not bullish from gold right now. I remember we had the great Larry Williams on, and he said, 'listen, gold is going lower.' I'm with Larry," Cramer said, according to CNBC.
More Gold & Silver
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Larry Williams is a legendary futures trader and creator of widely used market indicators who has publicly forecast gold going lower in 2026, according to StockCharts. Cramer's alignment with that view is a notable break from the dominant Wall Street consensus, where major banks are still projecting gold significantly higher by year-end, Benzinga noted.
Where gold stands and why the pullback matters
Gold is currently trading around $4,867 per ounce, approximately 13% below its January 28 all-time high of $5,589.38, according to GoldSilver.com.
The metal gained approximately 65% in 2025, its strongest annual performance since 1979, driven by central bank buying, inflation fears, dollar weakness, and geopolitical stress tied to the Iran conflict.
That rally created the setup Cramer is now questioning. After a run of that magnitude, the case for continued near-term outperformance requires fresh catalysts.
Without them, gold can lose momentum or consolidate for extended periods even when the longer-term structural case remains intact.
The pullback from the January peak is already 13%.
Whether that represents a temporary correction or the beginning of a more sustained consolidation is exactly the question investors are debating, and it is the question Cramer appears to be answering with his "not bullish" stance.
Why Cramer's view cuts against the Wall Street consensus on gold
Cramer's near-term caution sits in direct contrast to where major banks have set their year-end 2026 gold targets.
JPMorgan projects gold reaching $6,300 by year-end, representing roughly 30% upside from current levels. Goldman Sachs has a year-end target of $5,400. UBS sits at $6,200, while Wells Fargo has set a range of $6,100 to $6,300.
Those bullish forecasts rest on three main pillars: continued central bank buying at more than double pre-2022 rates, sustained geopolitical risk premiums tied to the Iran war, and expectations that the Federal Reserve will eventually move toward rate cuts, which tend to support gold by reducing the opportunity cost of holding a non-yielding asset.
Cramer is not disputing that those structural forces exist. He is questioning whether they are powerful enough right now to drive the next leg higher, particularly after the metal has already delivered historic returns over the past 18 months.Jim Cramer just took a position on gold that puts him at odds with almost every major bank on Wall StreetOliver/Getty Images
What this means for investors watching gold
The distinction Cramer is making is between the long-term case for gold and the near-term tactical setup.
Those are different questions, and investors often conflate them. Gold can be a sensible long-term portfolio hedge and simultaneously not be the best place to deploy new money on a three to six month view.
His stance also highlights how sensitive gold is to interest rate expectations and dollar dynamics.
If the Federal Reserve signals it will hold rates higher for longer, gold faces headwinds from competing returns in cash and fixed income. If the dollar strengthens, gold becomes more expensive for international buyers, reducing demand.
The fact that Cramer explicitly invoked Larry Williams is also notable. Williams uses cycle analysis and historical pattern recognition rather than purely fundamental inputs.
His bearish gold view is a technical and cyclical call, not a macro one. By aligning with it, Cramer is signaling that the chart setup may not support near-term bullishness even if the macro backdrop eventually does.
Key gold market context as of May 8, 2026:
Gold all-time high: $5,589.38 per ounce, set on January 28, 2026, according to GoldSilver.com Gold current price: approximately $4,867 per ounce, roughly 13% below the January peak, GoldSilver.com confirmed Gold's 2025 annual performance: approximately 65% gain, its strongest year since 1979, according to the World Gold Council Major bank year-end 2026 gold targets: JPMorgan $6,300, Wells Fargo $6,100-$6,300, UBS $6,200, Goldman Sachs $5,400 Cramer's exact quote: "I am not bullish from gold right now...I'm with Larry," referring to futures trader Larry Williams, according to CNBC Stock discussed: Agnico Eagle Mines, one of the world's largest gold producers, according to Benzinga
What could change Cramer's view on gold
Gold could regain Cramer's enthusiasm if the conditions that drove its 2025 rally intensify.
A reacceleration of inflation, a more dovish Federal Reserve pivot, a fresh escalation in geopolitical risk, or a meaningful weakening of the dollar could all rebuild the near-term case for the metal.
Central bank buying remains a powerful structural floor.
The World Gold Council recorded central bank purchases at more than double the pre-2022 pace through 2025, and that demand has not disappeared. If institutional buying accelerates further, it could override the technical signals that Williams and Cramer are flagging.
For now, Cramer's message is a reminder that even assets with strong long-term fundamentals can go through stretches where the near-term setup is unfavorable.
His view is not that gold is broken. It is that the current environment does not offer the urgency or catalyst required to justify enthusiasm at these prices.
Related: Citi Bank has a message for investors on gold
This story was originally published by TheStreet on May 10, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
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- iShares Silver Trust Outperforms VanEck Gold Miners ETF
May 10, 2026
Key Points
iShares Silver Trust tracks the physical price of silver while VanEck Gold Miners ETF invests in companies that mine the metal. Both funds launched in 2006 and carry nearly identical expense ratios with less than one basis point of difference. iShares Silver Trust has generated higher total returns over the last year while VanEck Gold Miners ETF exhibits higher price volatility and a deeper historical drawdown.10 stocks we like better than VanEck ETF Trust - VanEck Gold Miners ETF ›
https://www.ishares.com/us/products/239855/ishares-silver-trust-fundThe primary distinction between iShares Silver Trust(NYSEMKT:SLV) and VanEck Gold Miners ETF(NYSEMKT:GDX) is that the iShares trust tracks physical silver prices while the VanEck fund holds a diversified portfolio of gold-mining companies.
Precious metals often move in tandem, but the vehicles used to access them offer distinct risk profiles. While SLV provides direct exposure to the fluctuations of silver bullion, GDX focuses on the equity side of the gold industry, where operational leverage and business execution play major roles in performance.
Snapshot (cost & size) MetricSLVGDXIssueriSharesVanEckExpense ratio0.5%0.51%1-yr return (as of May 6, 2026)132.1%82.0%Dividend yieldNone0.7%Beta0.450.61AUM$37.6B$26.2B
Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
Both funds are priced similarly for investors seeking exposure to precious metals. The 0.5% expense ratio for the iShares trust is marginally more affordable than the 0.51% charged by the VanEck fund.
Performance & risk comparison MetricSLVGDXMax drawdown (5 yr)(42.5%)(46.5%)Growth of $1,000 over 5 years (total return)$2,753$2,648
What's inside
The VanEck Gold Miners ETF(NYSEMKT:GDX) consists of 57 holdings focused entirely on the basic materials sector. Its largest positions include Newmont Corp (NYSE:NEM) at 11.46%, Agnico Eagle Mines Ltd (NYSE:AEM) at 11.38%, and Barrick Mining Corp (NYSE:B) at 7.62%. This fund, launched in 2006, provides exposure to the operational performance of miners and has a trailing-12-month dividend of $0.63 per share.
In contrast, the iShares Silver Trust(NYSEMKT:SLV) is also concentrated in basic materials but functions as a trust holding physical silver bullion rather than corporate equities. Because it does not hold income-generating businesses, it has no top corporate holdings and has a trailing-12-month dividend of $0.00 per share. This fund also launched in 2006 and manages $37.6 billion in assets under management (AUM) compared to $26.2 billion for the VanEck fund.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investors
Comparing these ETFs properly means understanding that this is not a simple silver-to-gold comparison.
As mentioned before, the iShares Silver Trust tracks the price of silver. This means its value will fluctuate along with its precious metal net of fees. That makes the tracker easy to understand, but also means that silver, which tends to be a more volatile metal than gold, is the dominant influence on the silver ETF.
In contrast, the VanEck Gold Miners ETF, the key word is miners. Instead of tracking the price of gold, it is an ETF based on the performance of 57 different gold stocks tied to the gold mining industry.
Admittedly, gold miners tend to mine more gold and generate higher revenues and profits in times of higher gold prices. Nonetheless, the influence of gold prices is more indirect, as initiating and suspending the mining process comes with a time lag. Moreover, the ETF is not immune to the financial and operational challenges other stocks face.
Hence, other than the ties to the precious metals industry, the iShares Silver Trust and VanEck Gold Miners ETF have little in common.
Should you buy stock in VanEck ETF Trust - VanEck Gold Miners ETF right now?
Before you buy stock in VanEck ETF Trust - VanEck Gold Miners ETF, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and VanEck ETF Trust - VanEck Gold Miners ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
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*Stock Advisor returns as of May 10, 2026.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- iShares Silver Trust Outperforms VanEck Gold Miners ETF
May 10, 2026
https://www.ishares.com/us/products/239855/ishares-silver-trust-fundThe primary distinction between iShares Silver Trust(NYSEMKT:SLV) and VanEck Gold Miners ETF(NYSEMKT:GDX) is that the iShares trust tracks physical silver prices while the VanEck fund holds a diversified portfolio of gold-mining companies.
Precious metals often move in tandem, but the vehicles used to access them offer distinct risk profiles. While SLV provides direct exposure to the fluctuations of silver bullion, GDX focuses on the equity side of the gold industry, where operational leverage and business execution play major roles in performance.
Snapshot (cost & size)
Metric SLV GDX Issuer iShares VanEck Expense ratio 0.5% 0.51% 1-yr return (as of May 6, 2026) 132.1% 82.0% Dividend yield None 0.7% Beta 0.45 0.61 AUM $37.6B $26.2B
Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
Both funds are priced similarly for investors seeking exposure to precious metals. The 0.5% expense ratio for the iShares trust is marginally more affordable than the 0.51% charged by the VanEck fund.
Performance & risk comparison
Metric SLV GDX Max drawdown (5 yr) (42.5%) (46.5%) Growth of $1,000 over 5 years (total return) $2,753 $2,648
What's inside
The VanEck Gold Miners ETF(NYSEMKT:GDX) consists of 57 holdings focused entirely on the basic materials sector. Its largest positions include Newmont Corp (NYSE:NEM) at 11.46%, Agnico Eagle Mines Ltd (NYSE:AEM) at 11.38%, and Barrick Mining Corp (NYSE:B) at 7.62%. This fund, launched in 2006, provides exposure to the operational performance of miners and has a trailing-12-month dividend of $0.63 per share.
In contrast, the iShares Silver Trust(NYSEMKT:SLV) is also concentrated in basic materials but functions as a trust holding physical silver bullion rather than corporate equities. Because it does not hold income-generating businesses, it has no top corporate holdings and has a trailing-12-month dividend of $0.00 per share. This fund also launched in 2006 and manages $37.6 billion in assets under management (AUM) compared to $26.2 billion for the VanEck fund.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investors
Comparing these ETFs properly means understanding that this is not a simple silver-to-gold comparison.
As mentioned before, the iShares Silver Trust tracks the price of silver. This means its value will fluctuate along with its precious metal net of fees. That makes the tracker easy to understand, but also means that silver, which tends to be a more volatile metal than gold, is the dominant influence on the silver ETF.
Story Continues
In contrast, the VanEck Gold Miners ETF, the key word is miners. Instead of tracking the price of gold, it is an ETF based on the performance of 57 different gold stocks tied to the gold mining industry.
Admittedly, gold miners tend to mine more gold and generate higher revenues and profits in times of higher gold prices. Nonetheless, the influence of gold prices is more indirect, as initiating and suspending the mining process comes with a time lag. Moreover, the ETF is not immune to the financial and operational challenges other stocks face.
Hence, other than the ties to the precious metals industry, the iShares Silver Trust and VanEck Gold Miners ETF have little in common.
Should you buy stock in VanEck ETF Trust - VanEck Gold Miners ETF right now?
Before you buy stock in VanEck ETF Trust - VanEck Gold Miners ETF, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and VanEck ETF Trust - VanEck Gold Miners ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 10, 2026.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
iShares Silver Trust Outperforms VanEck Gold Miners ETF was originally published by The Motley Fool
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- Cramer Says He's 'Not Bullish' On Gold — Plus His Advice For Domino's Pizza Investors
May 10, 2026
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said the last quarter of Domino’s Pizza Inc was “not so hot,” adding, “We have to give it a quarter.” He recommended not buying the stock yet.
Domino's, on April 27, reported worse-than-expected first-quarter financial results. Domino's Pizza reported quarterly earnings of $4.13 per share, which missed the analyst consensus estimate of $4.28 per share. The company reported quarterly sales of $1.151 billion, which missed the analyst consensus estimate of $1.163 billion.
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“You would be in the best one,” Cramer said when asked about Agnico Eagle Mines Limited. “I am not bullish from gold right now. I remember we had the great Larry Williams on, and he said, ‘listen, gold is going lower.' I'm with Larry.”
On the earnings front, Agnico Eagle Mines, on April 30, reported quarterly earnings of $3.40 per share, which beat the analyst consensus estimate of $3.26 per share. The company reported quarterly sales of $4.100 billion, which beat the analyst consensus estimate of $3.951 billion.
Photo via Shutterstock
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Building Wealth Across More Than Just the Market
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry.
Connect Invest
Connect Invest is a real estate investment platform that allows investors to access short-term, fixed-income opportunities backed by a diversified portfolio of residential and commercial real estate loans. Through its Short Notes structure, investors can choose defined terms (6, 12, or 24 months) and earn monthly interest payments while gaining exposure to real estate as an asset class. For investors focused on diversification, Connect Invest may serve as one component within a broader portfolio that also includes traditional equities, fixed income, and other alternative assets—helping balance exposure across different risk and return profiles.
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Mode Mobile
Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte's fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream. For investors, Mode Mobile offers exposure to the expanding mobile advertising and attention economy through a pre-IPO opportunity tied to a new approach to user monetization.
rHealth
rHealth is building a space-tested diagnostics platform designed to bring lab-quality blood testing closer to patients in minutes rather than weeks. Originally validated in collaboration with NASA for use aboard the International Space Station, the technology is now being adapted for at-home and point-of-care settings to address widespread delays in diagnostic access.
Backed by institutions including NASA and the NIH, rHealth is targeting the large global diagnostics market with a multi-test platform and a model built around devices, consumables, and software. With FDA registration in progress, the company is positioning itself as a potential shift toward faster, more decentralized healthcare testing.
Direxion
Direxion specializes in leveraged and inverse ETFs designed to help active traders express short-term market views during periods of volatility and major market events. Rather than long-term investing, these products are built for tactical use—allowing investors to take magnified bullish or bearish positions across indices, sectors, and single stocks. For experienced traders, Direxion offers a way to respond quickly to changing market conditions and act on high-conviction views with greater flexibility.
Immersed
Immersed is a spatial computing company building immersive productivity software that enables users to work across multiple virtual screens inside VR and mixed-reality environments. Its platform is used by remote workers and enterprises to create virtual workspaces that reduce reliance on traditional physical hardware while improving focus and collaboration. The company is also developing its own lightweight VR headset and AI productivity tools, positioning itself in the future-of-work and spatial computing space. Through its pre-IPO offering, Immersed is opening access to early-stage investors looking to diversify beyond traditional assets and gain exposure to emerging technologies shaping how people work.
Arrived
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
Masterworks
Masterworks enables investors to diversify into blue-chip art, an alternative asset class with historically low correlation to stocks and bonds. Through fractional ownership of museum-quality works by artists like Banksy, Basquiat, and Picasso, investors gain access without the high costs or complexities of owning art outright. With hundreds of offerings and strong historical exits on select works, Masterworks adds a scarce, globally traded asset to portfolios seeking long-term diversification.
Public
Public is a multi-asset investing platform built for long-term investors who want more control, transparency, and innovation in how they grow wealth. Founded in 2019 as the first broker-dealer to offer commission-free, real-time fractional investing, Public now lets users invest in stocks, bonds, options, crypto, and more—all in one place. Its latest feature, Generated Assets, uses AI to turn a single idea into a fully customized, investable index that can be explained and backtested before committing capital. Combined with AI-powered research tools, clear explanations of market moves, and an uncapped 1% match for transferring an existing portfolio, Public positions itself as a modern platform designed to help serious investors make more informed decisions with context.
AdviserMatch
AdviserMatch is a free online tool that helps individuals connect with financial advisors based on their goals, financial situation, and investment needs. Instead of spending hours researching advisors on your own, the platform asks a few quick questions and matches you with professionals who can assist with areas like retirement planning, investment strategy, and overall financial guidance. Consultations are no-obligation, and services vary by advisor, giving investors a chance to explore whether professional advice could help improve their long-term financial plan.
Accredited Debt Relief
Accredited Debt Relief is a debt consolidation company focused on helping consumers reduce and manage unsecured debt through structured programs and personalized solutions. Having supported more than 1 million clients and helped resolve over $3 billion in debt, the company operates within the growing consumer debt relief industry, where demand continues to rise alongside record household debt levels. Its process includes a quick qualification survey, personalized program matching, and ongoing support, with eligible clients potentially reducing monthly payments by 40% or more. With industry recognition, an A+ BBB rating, and multiple customer service awards, Accredited Debt Relief positions itself as a data-driven, client-focused option for individuals seeking a more manageable path toward becoming debt-free.
Finance Advisors
Finance Advisors helps Americans approach retirement with greater clarity by connecting them to vetted, fiduciary financial advisors who specialize in tax-aware retirement planning. Rather than focusing on products or investment performance alone, the platform emphasizes strategies that account for after-tax income, withdrawal sequencing, and long-term tax efficiency—factors that can materially impact retirement outcomes. Free to use, Finance Advisors gives individuals with meaningful savings access to a level of planning sophistication historically reserved for high-net-worth households, helping reduce hidden tax risk and improve long-term financial confidence.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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- Is Sprott Stock a Buy After the Company Scooped Up 2.5 Million of Its Own Shares?
May 10, 2026
What happened
According to a May 8, 2026 SEC filing, Sprott(NYSE:SII) disclosed a major buy of its own shares, adding 2,522,590 shares in an estimated $337.45 million transaction based on quarterly average pricing. The end-of-quarter position was valued at $597.85 million, with the net position change of $435.20 million reflecting both the increased share count and stock price movement during the reporting period.
What else to know
Direction: buy; SII stake now represents 17.39% of Sprott's 13F assets under management. Top holdings by value after the filing:
NYSE: SII: $597.85 million (17.4% of AUM) NASDAQ: FUND: $148.30 million (4.3% of AUM) NYSE: AEM: $139.02 million (4.0% of AUM) NYSEMKT: EQX: $137.32 million (4.0% of AUM) As of May 7, 2026, SII shares were priced at $142.36, up 168.6% over the past year and outperforming the S&P 500 by 138.3 percentage points.
Company overview
Metric Value Price (as of market close May 7, 2026) $142.36 Market capitalization $3.65 billion Revenue (TTM) $268.78 million Net income (TTM) $67.35 million
Company snapshot
Sprott offers asset management, portfolio management, wealth management, fund management, and related consulting services, generating revenue primarily from management and performance fees. It operates an asset management holding company model, earning income through subsidiaries that manage mutual funds, hedge funds, offshore funds, and managed accounts. The company serves institutional investors, high-net-worth individuals, and retail clients seeking specialized investment solutions in the financial services sector.
Sprott is a Toronto-based asset management company focused on delivering specialized investment solutions through a diverse suite of funds and managed accounts. The company leverages its expertise in alternative assets and active management to generate consistent fee-based income.
What this transaction means for investors
Global asset manager Sprott’s first quarter purchase of 2.5 million of its own shares suggests it sees upside in the stock despite rising well above its 52-week low of $52.45 reached in May of 2025. Indeed, shares soared to a high of $169.63 on March 10 thanks to strong business performance.
In its Q1 earnings report released on May 6, the company reported assets under management (“AUM”) of $65.1 billion, up 9% from $59.6 billion at the end of 2025. It also saw Q1 net income explode to $29.2 million, or $1.13 per share, from $12 million, or $0.46 per share, in the previous year.
Sprott’s investment focus on precious metals and critical materials, such as uranium, coupled with offerings that include physical bullion trusts, mining ETFs, and actively managed equity strategies, seems to be working well.
Story Continues
However, because its share price increased so much, its valuation is high. This can be seen in Sprott’s price-to-earnings ratio of 50, which is at an elevated level compared to the past year. This suggests now is a good time to sell shares, but not to buy.
Should you buy stock in Sprott right now?
Before you buy stock in Sprott, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sprott wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 10, 2026.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Is Sprott Stock a Buy After the Company Scooped Up 2.5 Million of Its Own Shares? was originally published by The Motley Fool
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- Is Sprott Stock a Buy After the Company Scooped Up 2.5 Million of Its Own Shares?
May 10, 2026
Key Points
Sprott bought 2,522,590 shares of its stock; estimated trade size of $337.45 million based on average prices in the quarter. The transaction value represented a 9.82% increase relative to the fund's $3.44 billion 13F AUM. The post-trade stake stands at 4,183,727 shares valued at $597.85 million. The SII position now accounts for 17.39% of 13F AUM, making it the fund's largest holding.10 stocks we like better than Sprott ›
What happened
According to a May 8, 2026 SEC filing, Sprott(NYSE:SII) disclosed a major buy of its own shares, adding 2,522,590 shares in an estimated $337.45 million transaction based on quarterly average pricing. The end-of-quarter position was valued at $597.85 million, with the net position change of $435.20 million reflecting both the increased share count and stock price movement during the reporting period.
What else to know
Direction: buy; SII stake now represents 17.39% of Sprott's 13F assets under management.Top holdings by value after the filing:
NYSE: SII: $597.85 million (17.4% of AUM)NASDAQ: FUND: $148.30 million (4.3% of AUM)NYSE: AEM: $139.02 million (4.0% of AUM)NYSEMKT: EQX: $137.32 million (4.0% of AUM)As of May 7, 2026, SII shares were priced at $142.36, up 168.6% over the past year and outperforming the S&P 500 by 138.3 percentage points.
Company overview MetricValuePrice (as of market close May 7, 2026)$142.36Market capitalization$3.65 billionRevenue (TTM)$268.78 millionNet income (TTM)$67.35 million
Company snapshot
Sprott offers asset management, portfolio management, wealth management, fund management, and related consulting services, generating revenue primarily from management and performance fees.It operates an asset management holding company model, earning income through subsidiaries that manage mutual funds, hedge funds, offshore funds, and managed accounts.The company serves institutional investors, high-net-worth individuals, and retail clients seeking specialized investment solutions in the financial services sector.
Sprott is a Toronto-based asset management company focused on delivering specialized investment solutions through a diverse suite of funds and managed accounts. The company leverages its expertise in alternative assets and active management to generate consistent fee-based income.
What this transaction means for investors
Global asset manager Sprott’s first quarter purchase of 2.5 million of its own shares suggests it sees upside in the stock despite rising well above its 52-week low of $52.45 reached in May of 2025. Indeed, shares soared to a high of $169.63 on March 10 thanks to strong business performance.
In its Q1 earnings report released on May 6, the company reported assets under management (“AUM”) of $65.1 billion, up 9% from $59.6 billion at the end of 2025. It also saw Q1 net income explode to $29.2 million, or $1.13 per share, from $12 million, or $0.46 per share, in the previous year.
Sprott’s investment focus on precious metals and critical materials, such as uranium, coupled with offerings that include physical bullion trusts, mining ETFs, and actively managed equity strategies, seems to be working well.
However, because its share price increased so much, its valuation is high. This can be seen in Sprott’s price-to-earnings ratio of 50, which is at an elevated level compared to the past year. This suggests now is a good time to sell shares, but not to buy.
Should you buy stock in Sprott right now?
Before you buy stock in Sprott, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sprott wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 10, 2026.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- 2 Mining Stocks to Buy in May
May 9, 2026
Mining is the bedrock of the modern world, providing the essential raw materials that power the digital revolution, support renewable energy, and bolster national defense systems. Data centers and their related components rely heavily on materials such as copper, aluminum, and rare-earth elements. Meanwhile, precious metals like gold and silver are viewed as safe-haven investments, especially during uncertain times.
With demand for these crucial metals and minerals set to grow, mining stocks look like an attractive opportunity for investors today. Here are two mining stocks to buy this May.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »Image source: Getty Images.
BHP Group is a top miner focusing on megatrends
BHP Group(NYSE: BHP) is the world's largest mining company by market capitalization, the world's largest producer of copper, and also a major player in iron ore and metallurgical coal. Its assets are concentrated in two regions: Australia and the Americas, with a focus on Tier One mining assets, or mines that are high-quality and low-cost with long lifespans.
BHP is reshaping its portfolio to capitalize on the megatrends of decarbonization, electrification, and artificial intelligence. As part of this, the company is focusing on copper, a critical material used in renewable energy, electric vehicles (EVs), and data centers. The company projects that these trends will drive global copper demand to grow from approximately 33 million tons today to over 50 million tons by 2050.
Copper is becoming increasingly important to BHP's business. During its 2025 fiscal year (ending June 30, 2025), copper accounted for 45% of its underlying earnings before interest, taxes, depreciation, and amortization (EBITDA), up from 29% the year before. Through the first six months of its 2026 fiscal year, copper made up more than 50% of its underlying EBITDA for the first time ever. It expects to produce 1.9 million to 2 million tons of copper during this fiscal year.
In addition to copper, BHP is spending billions to become a top global producer of potash (a key agricultural fertilizer). This would give the company three major revenue sources (alongside iron ore and copper), with potash providing revenue decoupled from metal prices. Its Jansen Potash project in Saskatchewan is on track for production by mid-2027.
If you're looking for a mining stock that plays long-term megatrends and pays dividends, BHP is a top choice today.
Story Continues
Agnico Eagle Mines is a gold miner with a structural cost advantage
Agnico Eagle Mines(NYSE: AEM) produces gold, silver, copper, and zinc, but its primary focus is on gold. The company produces the vast majority of its gold in low-risk regions in Canada, Australia, and Finland, which can make it more appealing than companies operating in higher-risk regions. On top of that, the company is a low-cost producer, giving it a major competitive advantage.
All-in sustaining costs (ASICs) are a useful measure when evaluating mining stocks for how much it costs to produce an ounce of gold. Agnico Eagle Mines' AISC is between $1,400 and $1,550 per ounce, enabling it to capture higher profit per ounce than competitors with higher overhead costs. In the first quarter of 2026, Agnico Eagle maintained an AISC of $1,483 per ounce alongside a realized gold price of $4,861 per ounce, which drove record quarterly operating margins.
Agnico's advantage is twofold. For one, it has a higher percentage of underground operations, meaning it moves far less waste rock per ounce of gold. On top of that, its mines are situated perfectly to utilize renewable energy sources, such as hydroelectric power at its Abitibi Hub in Quebec and wind and nuclear energy at its Kittilä Mine in Finland.
This advantage has become especially important with rising fuel prices amid the ongoing conflict in Iran. With the Strait of Hormuz closed, diesel prices have risen, drastically raising costs for miners that rely on it. Agnico is relatively insulated from these impacts, as diesel accounts for only about 10% of its total operating costs, and half of its diesel exposure is hedged.
For investors looking for exposure to precious metals and gold miners but concerned about rising fuel costs, Agnico Eagle is a smart mining stock to add today.
Should you buy stock in BHP Group right now?
Before you buy stock in BHP Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and BHP Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 9, 2026.
Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool recommends BHP Group. The Motley Fool has a disclosure policy.
2 Mining Stocks to Buy in May was originally published by The Motley Fool
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