Overview: In this article, we have listed some of the best stocks available to make your next gold investment.
Generally speaking, gold has been considered somewhat as an investment haven by many who look for something lower than a low risk to put their money in. Many of those institutions and businesses involved in gold often report earnings even during times of great economic distress.
If you searching to put your money into gold without having to own it physically, chances are buying gold stocks is what you are looking for. Although it goes without saying investing in stocks, gold, or otherwise, means doing your due diligence in researching the best company to entrust your hard-earned money to.
Luckily, we have taken the liberty of composing a list of the best-performing companies from which to buy gold stocks:
By the way, I've been trading in the market & investing in precious metals for over 11 years now and have added some great info to this website on the topic. Be sure to take a look around at my other posts, such as How to Invest In Gold, How to Sell Gold, and How to Buy Gold Bullion, and Gold ETF vs Physical Gold. Also, check out my favorite way of investing in Gold in 2022, Gold & Precious Metal IRA's, Via GoldCo. (By the way, for Gold IRA's, Our #2 choice would be Augusta Precious Metals.)
Fastest Growing Stocks
The companies listed below have posted some of the fasted growth currently in the gold market:
Jaguar Mining Inc.
This past quarter, Jaguar Mining Inc.. has posted revenue growth of 48.3% and an EPS growth of 469.4%. That means this Canada-based mining company is certainly performing well despite the current economic landscape.
The company has operations currently in Brazil and the infamous Iron Quadrangle - a center for precious mineral mining and exploration since the 16th century. It also has stakes in the Turmalina Gold Mine Complex and the Caete Complex as well.
Yamana Gold Inc.
This is another Canada-based company that deals in the mining and exploration of gold and silver. Their track record has consistently been a strong one, especially now that they are reporting over 18% of revenue growth.
They have extensive mining operations throughout all of the Americas. Namely:
- The El Peñón - an underground mine with strong yields
- The Jacobina - an underground that has doubled its output since 2014
- The Canadian Malartic - a highly successful underground mine with decades of viability left.
- The Minera Florida - a mine in transition to higher-grade zones.
- The Cerro Moro - a high-grade underground and open-pit mine
SSR Mining Inc.
This intermediate gold mining company has had quite a successful run with a posting of over a hundred percent in revenue growth. That, and the fact that in the year 2019 alone, the company's 4 operating mines produced a total of 720,000 ounces of gold and 7.7 million ounces of silver.
The company has mines and explorations all over the American continents and Turkey.
Karora Resources Inc.
The multi-asset not only has the fastest record of growth this year but also has one of the best value gold stocks one can buy in this current market. Both of the company's two mines are located in Australia and they also deal in the evaluation and development of precious metals as well. Revenue growth for this company rose to about 22%.
Torex Gold Resources Inc.
Torex Gold Resources Inc. has assets all over the Guerrero Gold Belt in Mexico and its principal mines include the El Limon Complex and the Media Luna Development. The former is made up of a combination of open pits and underground mines, and the latter is still in the early stages of development though is showing to have a lot of promise.
Stocks with the Most Momentum
These are the stocks that are invested in because of the dramatic increase in their price. Investors will then speculate that this is a trend that will continue and so which to jump of the bandwagon. The stocks that have been showing the most momentum in the market include:
Aura Minerals Inc.
This mid-tier company seems to only be rising meteorically over the past 12 months. This indicates to investors their viability as a source of a good investment. They hold mines in both gold and copper in the US and around South and Central America. In the fiscal year of 2020 alone, the company has reported over a 175% rise in Net Income even as the pandemic put many mining operations on hold.
This South African-based company is a rising producer of precious metals. It also possesses a diverse portfolio of metal operations that extend well beyond Africa alone. They are currently ranked 3rd in gold production, 2nd largest producer of palladium, and are also the largest producer of platinum in the world.
New Gold Inc.
This intermediate gold mining company is based in Canada and deals with the exploration, acquisition, and development of gold and mineral properties. Their portfolio includes 2 assets in Canada and a developing asset in Mexico. The latter is the ongoing reclamation of the Cerro San Pedro gold/silver mines. Recently, the company is transitioning to a positive free cash flow as of 2021.
Hecla Mining Co.
The company holds the distinction of being the largest mine in the US. That means that Hecla Mining Co. owns several mines in the US and Canada while also engaging in exploration and pre-development projects throughout North America. They deal mainly in gold but also produce silver and other base minerals.
Pure Gold Mining Inc.
This company has reported gold resources of over 2 million ounces and owns 47 square kilometers of high-grade gold mining operations in the Red Lake District, Ontario, Canada. The company also boasts a 12-month Trailing total return of over 177.5%.
Best Value Gold Stocks
What we mean by best value is that it is an investment strategy where you are buying a stock that's being sold for lesser than the value you perceive it to have. Investors do this by looking at the price-to-earnings ratio which is a metric that helps them gauge their own earning potential.
Below are the stocks that have the most ideal price-to-earnings ratio in the past 12 months:
Not only is this company projecting a high level of momentum, but it is also offering one of the best value for its stock when compared to its average earnings. Its extensive portfolio of multi-mineral assets puts the minds of investors at ease since there is a lot of sources of income to pull from.
Karora Resources Inc.
The company has two primary gold-producing mines located in Australia: one in the Beta Hunt Mine, and the other in the Higginsville Gold Operations. Both of which are located in the infamous Greenstone Belt. Knowing that this company posted a revenue rise of about 87% makes it well worth the price of its stock.
Kinross Gold Corp.
Current projections made by the Kinross Gold Corp. state that by the end of 2021, the company would have produced 2.4 million ounces of gold - no minor feat in this industry. The diverse portfolio of this company includes mines in places like Ghana, Mauritania, Chile, Mexico, Brazil, the US, and Russia.
That along with the 9,000 employees currently working for the company means that Kinross Gold Corp. is maintaining a competitive approach in its operations.
Centerra Gold Inc.
The operations of Canterra Gold Inc. include exploration, development, and the acquisition of gold in their mines in North America and Asia. They also have a wide network of investments all over the globe and revenue growth of about 23%.
In 2020 alone, the company has produced 824,056 ounces of gold and around 83 million ounces of copper.
Dundee Precious Metals Inc.
This Canada-based company deals in the mining of different precious metals in several key sites around the world. These include three subsidiaries:
- Chelopech -- based in Bulgaria and operates many gold, copper, and silver mines;
- Ada Tepe - which focuses on the development of a gold property also in Bulgaria;
- and Tsumeb - which controls the company's concentrate facility in Namibia.
With the wide array of facilities centered on precious metals, Dundee Precious Metal Inc. also engages actively in several acquisition and exploration projects for gold all around the world.
Alternative to Investing In Gold Stocks
Have you thought about placing precious metal assets in your individual retirement account (IRA)? Many individuals, just like you, are building their nest egg with a Self-Directed IRA.
A gold IRA is an Individual Retirement Account in which physical gold or other approved precious metals are held in custody for the benefit of an IRA account owner.
It acts similar to a Traditional IRA, only instead of holding paper assets, it holds physical precious metals (stored in a secure vault).
So, you get the benefits of holding gold bullion, without all the inherited risks, such as knowing where to store it etc.
GoldCo Precious Metals is who I recommend for this, they help their customers transfer their retirement investments into Gold & Silver IRA's, which can be great for a long-term investment.
They're one of the top trusted Gold IRA companies in the USA. They've got a 5 Star Rating on Trust Pilot as well as an A+ Rating with the BBB, which is why I do recommend them.
To learn more about GoldCo, see my review here: Goldco Review (Gold & Precious Metal IRA’s)
Not that all the recommendations made in this article are based on a market as it stands currently. Since the market, even the market around gold is volatile by nature, know that these reports offer only a partial view into a company's operations. There the data of the recent past can only serve to provide an educated guess at the future. Nothing more.
It is still much more optimal to look deeper at a company you intend to invest in. Try spending time on each of their websites and read up on the latest news concerning their development. Also, study the current political and social landscapes of the countries where they hold their mines. These things can provide you with a more well-rounded view of how stable a company can be to invest in.
What you want is to have a company you know you can invest in for years to come. Though precious metals might be one of the best places to put your money into, this still does not mean that you need not take due diligence in doing your research. The best and most successful investors, in gold or otherwise, are the ones that stay constantly informed.