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John Hancock Finl Opps (NYSE:BTO) Stock, Option Chain

John Hancock Finl Opps

John Hancock Financial Opportunities Fund is the United States based closed-end, diversified management investment company. Its investment objective is to provide a high level of total return consisting of long-term capital appreciation and current income. The portfolio composition of the fund includes common stocks, corporate bonds, preferred securities, investment companies, and short-term investments.

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GOLD

HUMRF

Barrick Gold Corp (NYSE: GOLD) reported lower than expected Q1 gold production and anticipates higher costs, faces geopolitical risks in Mali.

Barrick Misses Preliminary Gold Production Estimate, Management Unfazed By Risks In Key African Country

Mining,Cart,In,Silver,,Gold,,Copper,Mine

TSX:BTO

TSX:OGC

TSX:ORA

TSXV:AFM

Several trends within the mining sector will likely make 2024 an interesting year. Here are four stocks traders would be wise not to overlook.

4 Mining Stocks To Watch In 2024: Aura, OceanaGold, Alphamin, B2Gold

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John Hancock Financial Opportunities Fund Common Stock

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Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), the world&#8217;s second-largest gold producer, reported preliminary gold production of 940,000 ounces for the first quarter of 2024. This figure fell short of analyst estimates and reflects a continuation of the company&#8217;s production challenges<a href="https://www.benzinga.com/news/earnings/24/02/37128210/barrick-golds-q4-earnings-shine-buyback-glitters-more"> experienced in 2023</a>.
At the moment, Barrick <a href="https://www.barrick.com/English/news/news-details/2024/barrick-on-track-to-achieve-2024-targets/default.aspx">anticipates</a> all-in-sustaining costs (AISC) to increase by 7%-9% compared to the previous quarter. However, the company expects gold production to rise throughout the year, with the Pueblo Viejo gold mine in the Dominican Republic expected to ramp up production from the second quarter onwards.
Preliminary copper production was lower than expected at 40,000 tonnes, primarily due to lower grades at Barrick&#8217;s Lumwana mine in Zambia. As a result, copper AISC is projected to rise by 14% to 16% from the previous quarter.
Now read: <a href="https://www.benzinga.com/m-a/24/04/38253150/gold-road-considers-major-stake-in-greenstone-investors-wary-of-potential-high-costs">Gold Road Considers Major Stake In Greenstone; Investors Wary Of Potential High Costs</a>
Beyond production concerns, Barrick faces heightened geopolitical risks in Mali, where it operates one of the world&#8217;s largest gold mines, Loulo-Gounkoto. This complex comprises two distinct mining concessions and boasts substantial gold reserves. It produced 683,000 ounces of gold in 2023 and remains on track to meet its production targets for the current year.
Per Africa Report, the complex is now at risk of a <a href="https://www.theafricareport.com/339532/in-mali-wagner-has-big-plans-for-gold-mines/">potential seizure</a> by the Malian military junta, which has aligned itself with Russia's Wagner Group. The junta, established through a 2021 coup, has been trying to strengthen state control over mining companies through industry audits and implementing a new mining code.
Barrick maintains that its operations in Mali are governed by the existing 1991 mining code, not the junta's recently implemented code. CEO Mark Bristow has visited Mali twice since January as part of an extensive review of African operations. He noted that almost $10 billion of the company's contributions to Mali's economy, constituting between 5 and 10 percent of the country's GDP, are governed by the existing 1991 mining code.
Barrick is not alone in facing uncertainty within the Malian mining sector. Other major mining companies with a presence in the country include IAMGold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>), B2Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTO#NYSE">BTO</a>), and Hummingbird Resources (OTCPK: HUMRF). The junta&#8217;s actions raise concerns about the future stability of the mining industry, particularly given the involvement of a Russian paramilitary organization.&nbsp;
The company will release its full first-quarter report on May 1, which may provide further insights.
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Also read: <a href="https://www.benzinga.com/news/24/04/38248505/us-uk-clamp-down-on-russian-metals-trade-due-to-its-brutal-ward-against-ukraine">US, UK Clamp Down On Russian Metals Trade Due To &#8216;Its Brutal War Against Ukraine&#8217;</a>
Photo: Shutterstock

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Earnings Scheduled For February 21, 2024

Several trends within the mining sector will likely make 2024 an interesting year: Gold is surging to the highest levels in years, silver <a href="https://www.benzinga.com/money/silver-price-forecast-short-long-term-silver-price-prediction">is in demand</a> and copper shortages are <a href="https://www.benzinga.com/markets/commodities/23/12/36259547/copper-shortage-first-quantums-cobre-panama-mine-shuts-down-threatening-supply-balance">threatening green technologies</a>.
Here are four mining stocks traders would be wise not to overlook in the current environment.
See Also: <a href="https://www.benzinga.com/m-a/23/12/36410724/silvercorp-revises-bid-offers-188m-for-gold-explorer-orecorp">Silvercorp Revises Bid, Offers $188M For Gold Explorer OreCorp</a>
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<li>Aura Minerals (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ORA#TSX">ORA</a>): The company — which has operating mines in Mexico, Honduras and Brazil — showed strong double-digit revenue growth driven by higher production in Aranzazu, EPP and San Andres. It also has a feasibility study for the Borborema project, showing an internal rate of return close to 52% at a gold price of $1900/oz. Its stock trades at a discount compared to its peers based on price-to-earnings and price-to-sales ratios and pays a hefty 7.2% dividend. </li>
<li>OceanaGold (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OGC#TSX">OGC</a>): A mid-tier producer of gold and copper with operations in the U.S., Philippines and New Zealand. OceanaGold&#8217;s stock has trended lower in recent months due to recent poor-grade ore and lower-than-expected production. Still, the company is doing well, focusing on debt repayment and increasing operational efficiency. The management noted Brownfield exploration programs as potential growth catalysts showing better than expected grades. The stock trades at a single-digit P/E ratio, which is lower than most of its peers, boasts a double-digit net profit margin and carries little debt on its balance sheet.  </li>
<li>Alphamin Resources (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/AFM#TSXV">AFM</a>): This producer in the DR Congo currently contributes about 4% of the world&#8217;s tin supply. Management aims to increase this to 7% after the Mpama South expansion. Despite a recent drop in tin prices, Alphamin&#8217;s financial results have remained robust. Its prospects are solid given tin&#8217;s crucial role in advanced computing, renewable energy and electric vehicles. The company has a competitive valuation compared to its peers, with a healthy 17% net margin and little debt. It also pays an above-average 6.4% dividend. </li>
<li>B2Gold (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BTO#TSX">BTO</a>): This gold explorer operates the Fekola mine in Mali, Masbate in the Philippines, and Otjikoto in Namibia. Its projects include Back River in Nunavut, Canada. B2Gold also holds an interest in the Gramalote project in Colombia. Gold prices supported its top-line results. However, there are market concerns regarding permitting challenges in Mali, and political concerns in the Philippines, which resulted in declining share prices. Still, the company carries virtually no debt and runs under long-standing management with a track record of successful execution. B2Gold also pays an above-average 5.1% dividend at a sustainable 67% payout ratio.</li>
</ol>
Now Read: <a href="https://www.benzinga.com/news/23/12/36406952/oils-rollercoaster-2023-crudes-volatile-year-in-review-and-what-awaits-in-2024">Oil&#8217;s Rollercoaster 2023 &#8211; Crude&#8217;s Volatile Year In Review And What Awaits In 2024</a>
Image: Shutterstock

Thursday marks the last chance for investors to receive the next dividend payout from John Hancock Finl Opps (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTO#NYSE">BTO</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 65 cents per share. On Friday, John Hancock Finl Opps will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 65 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own BTO as of the end of Thursday's session are eligible to receive the 65 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 30, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on John Hancock Finl Opps <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Thursday Is Your Last Chance To Buy John Hancock Finl Opps Before The Dividend Payout

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Benzinga's Top Ratings Upgrades, Downgrades For September 12, 2022

Thursday marks the last chance for investors to receive the next dividend payout from John Hancock Finl Opps (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTO#NYSE">BTO</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 65 cents per share. On Friday, John Hancock Finl Opps will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 65 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own BTO as of the end of Thursday's session are eligible to receive the 65 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on September 30, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

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Shares of several banks and financial services companies are trading lower amid overall market volatility.

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