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Saracen Mineral Holdings

 

Buy Saracen Mineral Holdings shares

SARACEN MINERAL HOLDINGS (SAR) Shares

ABOUT SARACEN MINERAL HOLDINGS

Saracen Mineral Holdings Limited operates as a holding company which, through its subsidiaries, explores and mines gold and other minerals in Australia.

The company was recently promoted into the ASX 200 on the back of growing production and cash. Thanks to its highly successful strategy of funding project development from internal cash flows, the company has no debt.

Its production comes from two WA projects, Carosue Dam and the new Thunderbox mine. Both operations promise to have long lives and extensive potential for further growth.

The combination of strong cash flow, no debt, and exploration upside has put the company in a perfect position to take full advantage of the current gold environment.

OVERVIEW OF SARACEN MINERAL HOLDINGS

  • Saracen Mineral Holdings Limited operates in segments Saracen Gold Mines Pty Limited (SGM), which includes the exploration, production and administration relating to the Carosue Dam operations (CDO) and Saracen Mineral Holdings Limited (SAR), which includes the corporate administration, and Saracen Metals Pty Limited (SME), which includes the exploration, development, production and administration relating to the Thunderbox operations (TBO).
  • CDO tenement holdings and gold deposits are situated in areas northeast of Kalgoorlie, Western Australia. TBO is in the Yandal Belt and the Agnew-Wiluna Belt in the North Eastern Goldfields of Western Australia. TBO includes the Thunderbox Project with Thunderbox and Mangilla gold deposits; the Bannockburn Project with the Bannockburn and North Well gold deposits, and the Waterloo Project with the Waterloo and Amorac nickel deposits.

VISION & VALUES OF SARACEN MINERAL HOLDINGS

  • Saracen Mineral Holdings Limited value the people working for and with them, as well as peers and shareholders.
  • Their company values can be summarised in the following main thoughts: The standard you walk past is the standard you accept; Challenge the status quo in pursuit of sustainability and growth; Think and act like owners; Ensure that bad news travels just as fast as good news; and champion a can-do culture, your attitude is contagious.
  • Saracen Mineral Holdings Limited recognises that respecting the environmental values held by people both within and outside of the company is an integral part of doing business and is committed to conducting operations in an environmentally sensitive manner.
  • Saracen Mineral Holdings Limited is focused on sustainable growth and adding value to shareholders who purchase shares in the company.

MARKET PERFORMANCE OF SARACEN MINERAL HOLDINGS

  • Saracen Mineral Holdings Limited’s shares trade on the Australian Securities Exchange (ASX) under the stock symbol SAR, listed in the Materials sector.

  • Highlights of the company’s performance in 2019 include a net profit after tax of US Dollar 92.5 million, an increase of 22% on the previous year. Sales revenue for the year was US Dollar 555.6 million, up 9% from US Dollar 511.0 million in the previous year.

  • Gross profit from mining operations for the year was US Dollar 153.1 million and net cash flow from operations for the year was US Dollar 227.0 million. Capital expenditure on purchases of plant and equipment, mine development and exploration totaled US Dollar 198.8 million for the year.

  • Due to Saracen Mineral Holdings Limited’s continued good performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy SARACEN MINERAL HOLDINGS stocks / shares – A Step by Step Guide how to Buy / Purchase SARACEN MINERAL HOLDINGS Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy SARACEN MINERAL HOLDINGS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN SARACEN MINERAL HOLDINGS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE SARACEN MINERAL HOLDINGS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of SARACEN MINERAL HOLDINGS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy SARACEN MINERAL HOLDINGS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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