Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
KIMBERLEY KOENIG

Gold Stock Flirts With A Buy Point After 88% Gain

Ten names based outside the U.S. made the Investor's Business Daily Global Leaders screen, including gold stock Gold Fields and Trane Technologies.

Ireland-based Trane Technologies stock is solidly in a buy zone, while Gold Fields stock pulled back from a buy range. Both names sit on the IBD MarketSurge Growth 250.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

Gold Stock Wavers Around Entry

South African-based Gold Fields pulled back more than 3% Monday as gold prices eased from recent highs. The gold mining name revisited a buy zone Friday, as gold acted strongly amid the attacks between Israel and Iran.

The gold stock is back below the 25.52 buy point of a seven-week-long consolidation pattern. The buy range stretches to 26.80. Gold Fields stock has climbed 88% so far this year and reached a record high June 5.

Gold Fields ranks No. 1 out of 78 stocks in the Mining-Gold/Silver/Gems group, which holds the 3rd spot out of the 197 industry group IBD tracks.

The gold producer has nine mines throughout Australia, Canada, Chile, Ghana, South Africa and Peru.

The company's profit exploded in the second half of 2024, as weather-related issues and operational challenges in the first half of the year improved. The gold miner also restructured and appointed a full-time chief financial officer in the second half of the year.

Profit grew to 52 cents per share in the second half of 2024 from 15 cents per share in the prior year. And revenue saw a 38% jump to $1.54 billion.

Chief Executive Mike Fraser expects to build on 2024's positive results. "Encouragingly, this momentum has continued into the new year, positioning our portfolio well to deliver a marked operational and financial improvement in 2025," he said in Gold Fields' 2024 earnings report released Feb. 20.

The gold stock has top-notch IBD scores, including a 99 Composite, 98 Earnings Per Share and a 96 Relative Strength Rating.

Trane Stock Back In A Buy Zone

Trane Technologies stock rose around 1.3% during Monday's trade. The stock is back in the 5% buy zone up to 443.10 of an early-stage cup base. The cup's buy point is 422. Shares first broke out of the base May 13, and have traded around the buy zone since.

Shares are holding support at their 21-day exponential moving average. Its 50-day moving average is on the rise and back above the 200-day line, a positive sign.

Trane easily topped first-quarter profit and sales estimates April 30. Earnings jumped 26% to $2.45 per share on 11% sales growth.

It also reaffirmed its full-year 2025 earnings-per-share guidance of $12.70 to $12.90, and forecast 2025 revenue growth in the 7.5% to 8.5% range. Trane Technologies expects to be in the high end of both ranges.

Trane stock ranks No. 2 out of 14 stocks in the Building-A/C & Heating Products group, which holds the 144th spot out of the 197 industry group IBD tracks.

It sells heating, cooling and ventilation systems, building controls and solutions, energy services, and refrigeration systems. Trane Technologies has a business segment dedicated to energy efficient data center cooling needs. It serves customers in North America, Latin America, Europe, the Middle East and Africa.

Its IBD Accumulation/Distribution Rating of B indicates moderate institutional buying over the last 13 weeks.

Lastly, the company has been a steady profit grower as seen in its Earnings Stability factor of 4 out of 99 possible — with a lower number being better.

Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.