Good day,
Thank you for subscribing to the Earnings360 newsletter, your daily source for quarterly earnings news and updates.
Each morning edition contains a wrap-up of today's pre-market earnings announcements and yesterday's earnings announcements after the closing bell.
Before we send you your first edition, please take a moment to confirm your subscription below. We will not be able to send your newsletter until you confirm your subscription.
Confirm Your Subscription Here
The Earnings360 Team
Featured Story from MarketBeat Media The Metals Market Is Heating Up—4 Stocks Poised to ShineWritten by Bridget Bennett. Published 11/6/2025. 
Key Points - Gold has risen from $1,800 to nearly $3,000—and according to Brett Eversole, it could go much higher.
- Retail investors are just starting to re-enter the gold market, signaling a new, accelerating phase.
- Four metal stocks offer potential upside for investors looking beyond bullion: AG, HL, EQX, and SA.
It's one of the fastest-growing markets out there, yet most investors are still ignoring the metals rally. Gold has climbed from about $1,800 an ounce to nearly $3,000, and according to Stansberry Research's Brett Eversole, that's just the beginning. He believes this bull market could ultimately send gold to $8,000–$10,000 per ounce before it's all over. That might sound bold, but the data—and the investor behavior behind it—tell a convincing story. A Shift in Who's Buying Gold For years, central banks were the main force behind higher gold prices. Between 2022 and 2024, many global institutions steadily sold Treasuries and added gold. Retail investors, by contrast, stayed largely on the sidelines. Now, that's starting to change. Eversole points to a key indicator: shares outstanding in gold ETFs like SPDR Gold Shares (NYSEARCA: GLD) had been falling for years. That trend has finally reversed—ETF shares are climbing again, a sign that individual investors are moving back into the market. And when retail investors finally catch on to a boom, history shows what happens next: - The trend accelerates
- Valuations rise rapidly
- The boom eventually becomes a bubble
But, as Eversole puts it, "Between now and then, there's a lot of money to be made." Why Gold (and Silver) Still Have Room to Run Markets move in cycles. The last major gold boom began in 2001 and lasted about a decade, with prices rising roughly 600% before peaking. The current cycle started around 2018, so we're only about seven years into a similar long-term trend. If history repeats, gold could roughly double from here—and silver may do even better. Silver has long been the "wild card" of the metals world: more volatile and more speculative, but also capable of far greater percentage gains once momentum builds. Eversole believes we're reaching that stage now. If gold hits $8,000, silver could reach $200 an ounce—roughly 4x potential upside from current levels. That makes the right mining stocks particularly compelling right now. 4 Mining Stocks That Could Lead the Metals Boom There's more than one way to invest in a bull market—and these four names illustrate different approaches. They aren't household names (yet), but Brett Eversole believes they have significant upside as gold and silver keep moving higher. First Majestic Silver: A Pure Play on Silver's Breakout If silver takes off in the late stage of this bull cycle, First Majestic Silver (NYSE: AG) could be one of the biggest beneficiaries. Headquartered in Canada, the company's mining operations are all in Mexico—and about 60% of its revenue comes from silver. This isn't a newcomer to metals rallies. "During the early 2000s, they were up five or six hundred percent in a couple of years," Brett says. "Coming out of the financial crisis, they were up a couple of thousand percent." That historical performance matters: First Majestic doesn't just track silver—it has the potential to soar with it. Hecla Mining: A Low-Cost Producer with Big Leverage Hecla Mining (NYSE: HL) offers exposure to both gold and silver, with production split roughly 50/50. What really sets Hecla apart is where it operates and how low its costs are. "They've got strong assets in good places and they're a low-cost producer," Brett notes. "Their cost to pull an ounce of silver out of the ground is around $13 an ounce. That's about half what the industry average is." That cost advantage becomes a powerful engine when metals prices rise. Hecla's low base lets it capture more profit on every price increase—without the added risk of exotic jurisdictions or unproven operations. Equinox Gold: From Builder to Cash Generator Equinox Gold (NYSEAMERICAN: EQX) has shifted from asset accumulation to profitability. After years invested in growth, the company is now focused on generating cash just as gold prices accelerate. Production is projected to increase from 800,000 to 1.2 million ounces by 2027, while costs are expected to fall from about $1,900 to $1,500 per ounce. It's the kind of operational pivot investors like to see. "This company is going to turn into a cash-gushing machine," Brett says. With projected free cash flow rising from around $80 million to $1 billion, Equinox is positioning itself as a miner built for this moment. Seabridge Gold: A High-Upside Bet on What's Still Underground Seabridge Gold (NYSE: SA) doesn't currently produce gold, but it holds one of the potentially most valuable undeveloped gold and copper assets in the world. Its flagship KSM project in British Columbia is estimated to contain $25–$30 billion worth of metals. What it needs now is a partner. "I think that when that joint venture deal is announced… this is a massive upside catalyst for the stock," Brett says. Seabridge's structure makes it highly leveraged to the price of gold. As prices rise, the economic value of its reserves climbs dramatically. If a joint venture is announced while gold continues to climb, Seabridge could reprice quickly and sharply. Why the Rally Still Has Room to Run This isn't just a short-term surge. Eversole argues we're still early in a global boom that's lifting multiple asset classes: - Stock markets around the world are at or near all-time highs
- Mid-cap and small-cap equities are breaking out
- Gold and silver are surging alongside them
When multiple sectors and geographies rally together, it usually signals broad, underlying strength—not just a temporary rush into one asset class. The Risk—and the Opportunity Yes, metals can be volatile. Gold has moved sharply in recent months, and a pullback wouldn't be surprising. But Eversole views dips as buying opportunities, not fatal signals. The "mania phase"—when everyone's talking about gold, ads flood the internet, and retail investors pile in at the top—hasn't arrived yet. We're not there yet. That's exactly why there may still be time to position for what comes next.
| 
