Gold Roads – Buy

Posted on | by Leon Hinde

Gold Road Resources is now under Algo Engine buy conditions.

Gold Road anticipates gold production for the 2021 calendar year will be within the lower half of guidance (260,000 to 300,000 ounces on a 100% basis).

AISC for the 2021 calendar year is anticipated to be between $1,325 and $1,475 per attributable ounce, with lower June 2021 quarter production and higher maintenance and labour costs the main contributors to an increase from the guidance of between A$1,225 – A$1,350.

FY21 revenue forecast is for $300mil generating EBIT of $100mil.

Northern Star – Buy

Posted on | by Leon Hinde

Northern Star Resources is under Algo Engine buy conditions and remains the only gold stock in our Algo Engine model portfolio.

If inflation is a temporary phenomenon caused by pent-up demand and supply chain issues, it is likely the 10-year yield will run into resistance and gold will soon find renewed buying interest.

Buy NST @ $10.00

Metcash – Share Buyback

Posted on | by Leon Hinde

Metcash has launched an off-market buyback of up to $175m and increased its dividend payout ratio to 70%.

Metcash is likely to deliver low levels of earnings growth within the 2 – 3% range. The earnings are well supported by improving trends in hardware and liquor. The stock trades on a forward dividend yield of 4.8%.

We highlight that the Algo Engine switched to buy conditions in May at $3.40.

Our sector preference remains Woolworths.

Managed Fund – Apply Now!

Posted on | by Leon Hinde

The Fund focuses on Australian and United States large-cap securities and ETFs, to deliver superior risk-adjusted investment returns.

Our unique point of difference is our proprietary algorithm-based investment models, which are designed to quantify market momentum and remove much of the emotional human bias in the investment decision-making process.

Two classes of units in the Fund are offered:-

Class A Units – which provide investment exposure to ASX Listed securities and exchange-traded funds.

Class B Units – which provide investment exposure to United States listed securities and exchange-traded funds.

For more information, please visit https://www.investorsignals.com/managed-fund/