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Ever-Shining High Quality Gold Stocks

Nikhil Khandelwal Posted On September 12, 2019
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Gold has been long considered a safe haven asset that would be a safer investment in uncertain times. In the last three months, gold has risen over 20%. It’s a sign that investors are looking for surer investments and changing their strategy to more defensive assets. Analysts are bullish on gold prices long-term. Volatility usually means higher gold prices and right now, there is momentum.

Gold Investment is always considered to be safe haven.🥇

When the Currency ($) value falls, it drastically affects all parts of the Stock market except the yellow-metal. The price of this yellow-metal skyrocketed after the Financial Crisis of 2008 or any decline in the Currency rates. People find it as a hedge against Inflation.

During such bad financial times, Investors are seen to divest their stocks and invest in Gold. They wave back again into cheaper stocks, once Gold prices no more shoot up, rather reverts to stability.

Here we bring in 12  Gold Stocks which are highly recommended …

Agnico-Eagle Mines (AEM-T)
A Canadian based gold producer with operations in Finland and Mexico. It has moved up along with others. They have safe assets in stable countries.

Agnico-Eagle Mines (AEM-T) — Stockchase
Agnico-Eagle Mines (AEM-T) — Stockchase

Opinion about AEM-T: Believes we're in very early stages of a gold bull market. Best operator. 5 of their major projects have exploration growth opportunities. Great dividend growth. Last year's acquisition of O3 Mining is a positive. Multiple will go up once people realize how much cash the company will generate. If gold just stays where…

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Detour Gold (DGC-T)
A Canadian intermediate gold mining company with a flagship mine in Detour Lake, Ontario. They are a low cost producer, with an asset that has a big reserve.

Detour Gold (DGC-T) — Stockchase
Detour Gold (DGC-T) — Stockchase

Opinion about DGC-T: They are in the process of being taken over by KL-T. The chart for DGC-T looks fairly bullish otherwise. He would buy it here unless you thought another buyer would come along.

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Alamos Gold Inc (AGI-T)
They are a junior gold producer with cash flow that comes from a mine in Mexico. The stock will benefit form rising gold prices, and moving averages are pointing for it to rise. It may be over bought recently.

Alamos Gold Inc (AGI-T) — Stockchase
Alamos Gold Inc (AGI-T) — Stockchase

Opinion about AGI-T: (A Top Pick Apr 03/24, Up 86%) Gold bull markets go on for a long time, and this one's driven by central banks. Cashflow generated will continue to rise. Inexpensive. Sector's consolidating right now. 

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Eldorado Gold (ELD-T)
A Canadian mid-cap gold miner with operations across the world. This stock runs well ahead of the group, so it may be a little overvalued. The gold cycle is picking up so it could go higher still.

Eldorado Gold (ELD-T) — Stockchase
Eldorado Gold (ELD-T) — Stockchase

Opinion about ELD-T: (A Top Pick Dec 13/22, Up 19.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ELD has triggered its stop at $13.50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 19%, when combined with our previous recommendations.  

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Yamana Gold Inc. (YRI-T)
A Canadian based gold producer. It does carry a lot of debt, but the stock price is improving, and it recently broke through an important resistance level.

Yamana Gold Inc. (YRI-T) — Stockchase
Yamana Gold Inc. (YRI-T) — Stockchase

Opinion about YRI-T: Uptrend occurring right now.Smaller than larger players in sector.Company trying to breakout.Hesitant to buy. Give stock a chance to prove it can breakout. 

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Goldex Resources Corp. (GDX-X)
A U.S. listed gold miner stock that is a play on volatility. The stock’s seasonal strength is from the end of June to October. In a difficult market, it is a good stock to have.

Goldex Resources Corp. (GDX-X) — Stockchase
Goldex Resources Corp. (GDX-X) — Stockchase

Opinion about GDX-X: It's range-trader. During flight-to-safety periods (as he expects in the next few years when market become unglued), gold will shine again with a good rally. He's added to his position. GDX is US-listed gold miners. Gold stocks vs. gold price are 35-year lows, and gold stock vs. the S&P 500 are as…

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Barrick Gold (ABX-T)
The largest gold mining company in the world, headquartered in Toronto. They are currently currying costs out of an acquisition.

Barrick Gold (ABX-T) — Stockchase
Barrick Gold (ABX-T) — Stockchase

Opinion about ABX-T: Still digesting all its M&A. Mines located in places with higher geopolitical risk. Good run because gold's had a good run. Instead, she owns AEM.

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Kinross Gold (K-T)
A gold and silver mining company and one of the largest producers of it. It’s broken out of resistance recently, even though they have been facing some challenges from local government regulation.

Kinross Gold (K-T) — Stockchase
Kinross Gold (K-T) — Stockchase

Opinion about K-T: Whole bunch of decent assets, including a new one in Ontario. Stock will either go up of its own volition, or get taken over. Stock's performed well due to good cost containment. Good production growth and pipeline. Firing on all cylinders.

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Kirkland Lake Gold (KL-T)
A go-to name in this gold rally. The valuation is a little inflated but the company is in a good position, especially as interest rates decline. One of the best gold companies.

Kirkland Lake Gold (KL-T) — Stockchase
Kirkland Lake Gold (KL-T) — Stockchase

Opinion about KL-T: (A Top Pick Feb 25/21, Up 15.3%)Stockchase Research Editor: Michael O’Reilly With the recent completed acquisition by AEM now official, we now consider this position closed. When combined with the previous recommendation to cover half the position, this results in a net investment gain of 22%.

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New Gold Inc. (NGD-T)
A multinational mining company active in gold, silver and copper mining. Analysts have confidence in management and doesn’t expect it to be taken over soon.

New Gold Inc. (NGD-T) — Stockchase
New Gold Inc. (NGD-T) — Stockchase

Opinion about NGD-T: Collection of Tier 2 assets. Never been fond of Ontario assets. He likes higher quality. Could do very well with a rising price for gold, which tends to favour the marginal over the lower-cost producer.

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Premier Gold Mines (PG-T)
The company has good managers and low cost of production. They are well located in a safer part of the world as well. They also have a join venture with Barrick.

Premier Gold Mines (PG-T) — Stockchase
Premier Gold Mines (PG-T) — Stockchase

Opinion about PG-T: Hold until sale to Equinox, or buy more? He holds both to benefit from long-term effects of inflation. He thinks the takeout is great. EQX is well run, a buy, with a $12 price target.

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Centerra Gold Inc (CG-T)
A Canadian company based in Toronto. It has good volume and is one of the fastest growing producers in the world. It also has a good management team.

Centerra Gold Inc (CG-T) — Stockchase
Centerra Gold Inc (CG-T) — Stockchase

Opinion about CG-T: It's good to be in gold now, and CG is one of the cheapest gold stocks. They've diversified their portfolio geographically, which is good, but this stock always bounces around.

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