Gold miners Agnico Eagle, B2Gold and Newmont are worth buying aggressively because, per Willem Middelkoop (@wmiddelkoop), gold mining shares are dirt cheap again compared with gold. x.com 

Newmont is basically levered gold with little potential for discovery upside, and it is likely to pay high prices buying other companies. x.com 

Agnico Eagle Mines looks expensive against its earnings at 15x next year's estimates, versus the roughly 13x gold miners usually get. At $188.12 it sits above a $142.94-$181.92 fair range, which is 13x next year's $12.49 EPS give or take 12%, and would be outright expensive above $224.90. This is a read of valuation levels only, off reported earnings and estimates, with no fundamental work. x.com 

Gold miners have not yet priced in what record gold prices mean for the sector, and the window to get in is shrinking. Newmont beat Q1 profit estimates even though output fell, showing the gold price tailwind is covering operational shortfalls; earnings should rise further when production normalizes. The majors have pricing power they have not had in years and operating leverage is building, while most investors remain in tech. x.com  x.com 

Domestic precious-metal miners are favored, because as gold moves into its next leg up, things will get rough in some places and some governments will get greedy. @CandidMacro adds energy supply issues at mines in Mali and probably Australia. Favorites are Coeur Mining, Hecla Mining, Endeavour Silver, Blackrock Silver and FGOVF. x.com  x.com  x.com 

Gold miners, led by Newmont, stand to gain from 2026's rotation into hard assets as inflation stays entrenched. US CPI sits at 3.8%, nearly double the Fed's target, with energy up 18% and natural gas up 28% year over year, leaving cash and paper assets as losers and gold as the ultimate inflation hedge. Central banks in China, India, Turkey and Saudi Arabia are expected to buy nearly 1,000 tons of gold this year. Newmont is the largest blue-chip gold miner on the planet. x.com 

Gold miners, unlike gold itself, turn a higher gold price into compounding cash returns. On a path to $8,000 gold, margins would widen far beyond today's roughly $2,400 an ounce even if all-in sustaining costs rose a third to $2,650. Free cash flow per share is at a record of about $15.70, roughly tripled since 2024, and the industry is buying back stock rather than mines, a combination never seen before. Relative to the S&P 500, miners have never been cheaper, not in 2008, 2015 or 2020. x.com  … Show more

Wheaton Precious Metals is UBS's clearest buy in a mining sell-off driven by the dollar and rates rather than fundamentals. Per UBS, gold, copper and mining stocks fell more than 20% as a stronger dollar and higher rate expectations overwhelmed the safe-haven bid. UBS also points to Wheaton's 70% volume growth path to 2030 and a 30% discount to its five-year EV/EBITDA. x.com 

Gold miners Coeur Mining, SSR Mining and Newmont benefit from operating leverage with gold at all-time highs. When gold rises, miners' costs stay fixed, so margins expand quickly and EPS explodes. All three passed a screen with debt-to-equity under 0.20, and Coeur's five-year EPS growth is 55%. x.com 

Gold and precious-metals miners are at the start of a new bull market, judging by the crowds and packed meeting schedules at the 2026 Precious Metals Summit in Beaver Creek. buzzsprout.com