The gold miners are likely to report blowout profits in this spinning-up Q3’19 earnings season. Higher production, stable costs, and much-higher gold prices should combine for some super-impressive results. That’s going to leave the still-undervalued gold miners much more attractive fundamentally, supporting bigger capital inflows and much-higher stock prices. Q3 should prove the gold miners’ best quarter in years.
Stock prices are ultimately dependent on underlying corporate earnings. Over the long term all stock prices gravitate towards some reasonable multiple of their underlying companies’ profits. Herd greed and fear can force stock prices to disconnect from fundamentals for some time, but eventually they trump sentiment. So there’s nothing more important for stock-price-appreciation potential than foundational profits.
Most of the major gold miners trade in the US or Canada, and thus are required to report their results quarterly. The SEC deadline for filing 10-Q quarterly reports is 40 calendar days after quarter-ends, or November 9th for the recently-finished Q3’19. The major gold miners tend to report in the latter end of that window. The definitive list of them comes from the leading gold-stock trading vehicle and benchmark.