Gold is becoming a coveted investment. Now more than ever, people are piling on gold stocks because they are realizing how important it is to have an asset that never quite loses its shine. If you haven’t invested in gold stocks yet, we have just one question for you, what are you waiting for? If your answer is, more information, then we got you.
Know about gold stocks
Gold stocks belong to publicly traded companies or ETFs that are dealing exclusively in gold. There are types of stocks you will find when you enter the market. There are different types of entities in the market:
- Mining Companies that first mine gold and then sell it as a wholesale good.
- Gold streaming and royalty companies buy a percentage of the mining company’s revenue for a fee that is paid upfront. Either this or they buy the rights to purchase the future productions of that mining company.
- Gold ETFs are the shares that are bound to either a percentage of these mining companies or physical gold.
Now, that you are aware of the different types of entities that you may encounter during your investment stint, it is also important to know which stocks to invest in. Gold is a must in every investor’s portfolio nowadays. We have researched and have found some of the best gold stocks available for you to invest in.
Agnico Eagle Mines
This is a gold mining company based in Canada and in 2019, produced 1.78 million ounces of gold. It is predicted that the per-share price of the company will reach USD 3.71 in 2021. As the gold prices go up, investing in Agnico Eagles will be a beneficial deal.
B2Gold
This gold producer owns mines throughout the world in countries like the Philippines, Namibia, and Mali. There are predictions that by the end of this year their assets will increase by 3%. Also, they have valuable assets already and their mines remain unaffected by the 2020 COVID crisis. It is one of the best companies to invest in in 2020.
Iamgold
This is another Canadian gold mining company with its operations based in Canada, Suriname, and Burkina Faso. Iamgold is also expanding its operations and this will have a positive impact on its assets and share value. Their prices are expected to go to USD 5.65 per share. It is without a doubt, one of the best gold investments one can make.
Barrick Gold
This is a gold mining company with its operations mainly in Canada. In 2020, they produced approximately 5 million ounces of gold. Barrick has a free cash flow which only adds to more security for investors. There needs to be no hesitation when it comes to investing here.
Eldorado Gold
Eldorado has properties in Turkey, Greece, and Brazil. The company despite the pandemic has done amazingly well and has a good EPS output as well. Eldorado is expected to produce 450,000 ounces of gold per year for the coming five years, and its operations are headed by an experienced team. If you are confused about which company to invest in, this is it.
These are a few of the top gold stocks to invest in. However, the market is huge and there are various other options which you can explore. The key is to research well and take decisions wisely.
