Ever-Shining High Quality Gold Stocks
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.
Opinion about AEM.TO: Stockchase Research Editor: Michael O’Reilly On the back of an abrupt pullback in gold prices, we again reiterate AEM as a TOP…
Stockchase 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.
Opinion about DGC.TO: A high-quality Canadian deposit. Had some teething problems operationally. Good exploration upside. Either the share price goes…
Stockchase 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.
Opinion about AGI.TO: This name is further down the food chain. Take a look at the more interesting mid-size players. Still, he's been lightening up…
Stockchase 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.
Opinion about ELD.TO: Forego for now, based on the chart. Go to something with better financials and sustainability.
Stockchase 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.
Opinion about YRI.TO: It is in a longer term down trend since early 2018. He thinks gold may be forming an intermediate peak and could face a…
Stockchase 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.
Opinion about GDX.V: It is 67% cash. We saw a crack on the price of gold – we cracked the line of resistance. Seasonal strength is end of July…
Stockchase Barrick Gold (ABX-T)
The largest gold mining company in the world, headquartered in Toronto. They are currently currying costs out of an acquisition.
Opinion about ABX.TO: Ran into a real meat grinder with an African government (a military dictatorship). Shows the difference between those…
Stockchase 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.
Opinion about K.TO: Pulled back recently.Has sold shares, but looking with current share price.Wait a little before buying.Expects gold to go up the…
Stockchase 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.
Opinion about KL.TO: KL-T vs. ABX-T. He would prefer KL-T as it has been hit so hard. You are getting the cash and the good balance sheet.
Stockchase 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.
Opinion about NGD.TO: (Market Call Minute.) Probably one of the best of the 2nd tier producers. Highly leveraged to the gold price and well-run.
Stockchase 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.
Opinion about PG.TO: He likes management and the approach they have taken. They have a bunch of different things going on including a mine in Nevada,…
Stockchase 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.
Opinion about CG.TO: Central Asia is difficult. He likes their balance sheet. Expert opinions on Centerra Gold Inc (CG.TO) — buy, sell, or hold…
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