Gold Prices Are Skyrocketing, Gold Stocks Move Up As A Result
The New Year has begun, and with it has come some new changes for gold stocks. Gold stocks experienced quite the rally back in 2020, even reaching a new high point at over $2,000 per ounce. The pandemic and crash of the economy really changed things around for the precious metal that is gold. 2020 started off seemingly normal for the sector until the pandemic came crashing in. That is when gold prices fell for a moment, but then began to pick up. Now we are in 2021 and gold stocks are being affected by a variety of factors.
The vaccine that is being distributed worldwide by different companies could lead to quicker economic recovery. Millions will be vaccinated in 2021, and it could change the way things look in the world. But for now, COVID cases are skyrocketing. COVID cases in many places are reaching new record highs, including in the United States. Cases are over 200,000 per day in the United States. The government stimulus helped push gold prices upwards because stimulus always hurts the economy. The year is young and nobody knows for sure what is going to happen. What we do know is there is a lot of great gold stocks to watch at the moment. Let’s look at the top gold stocks to watch as we continue through January.
Top Gold Stocks To Buy Or Sell In 2021: Franco-Nevada Corporation
The first company on this list of gold stocks to buy or sell is Franco-Nevada Corporation (FNV Stock Report). This company is a royalty and stream mining corporation. It will focus on gold but also will work with silver and platinum group metals. Additionally Franco-Nevada works with gas and energy comprising oil too. Its main chapters of the company are energy and mining. Let’s see how the company and FNV stock is performing as 2021 begins now.
So as January has begun, the price of FNV stock price has gone up significantly. At the end of the year, FNV stock price was at $125 a share on average. Now on January 5th, this gold stock has reached $132 a share on average. FNV stock has been rising with the price of gold, which has shot back up over $1,900. That is the primary reason that FNV stock is moving significantly at the moment. What should be expected to come soon is Franco-Nevada’s quarterly reports that will be telling for where the company is at in the moment.
Top Gold Stocks To Buy Or Sell In 2021: Royal Gold Inc.
The next corporation on this list is Royal Gold Inc. (RGLD Stock Report). Royal Gold is a royalty based gold company that acquires and manages various royalties, metal streams, and other related companies. The company acquires a royalty interest or stream and finance projects for stream or royalty interests. The resources looked for by the company are gold, silver, copper, zinc, nickel, lead, and cobalt. Now the company has more than 187 properties on 5 total continents. This also includes interest on 41 producing mines and 16 developmental stage projects. Let’s see how RGLD stock is performing as January begins in 2021.
RGLD stock price was at $106 a share on average on December 31st 2020. Since 2021 has started, RGLD stock went to $110 a share on average. This also has to do with the rising gold prices that the market has experienced today. This price bump could continue to bring momentum for the stock if the company announces a positive advancement very soon. Royal Gold has shown great trajectory in the past, even reaching $136 a share at one point last year. It will be interesting to see how the company advances in the future.
Top Gold Stocks To Buy Or Sell In 2021: B2Gold Corp.
Now let’s talk about B2Gold Corp. (BTG Stock Report). B2Gold is a gold corp. that operates numerous mines in Mali, the Philippines, and Namibia. It also produces various precious metals, the main one being gold. Its mines are the Fekola mine, Masbate mine, and Otjikoto mines. B2Gold also has an 81% interest in the Kiaka Project in Burkina Faso. B2Gold has made a lot of great advancements last year, so let us see how it has progressed in early 2021 so far.
B2Gold is a name you may have heard of recently as many publications like Zack’s have discussed it. BTG stock has gone from $5.60 a share to $6.02 a share on average since 2021 has started from the 31st. So it is clear BTG stock has picked up some momentum, also likely due to the rise up in gold prices. B2Gold has reported some positive financials in the past, so it will be interesting to see how it performs now. If gold prices continue to skyrocket it won’t be surprising if gold stocks go up even more after earnings season.
Top Gold Stocks To Buy Or Sell In 2021: Yamana Gold Inc.
The last company on this list of gold stocks is Yamana Gold Inc. (AUY Stock Report). Yamana Gold is a producer of precious metals that actively explores for and produces gold and silver ores. It holds interest in the Cerro Moro mine, Malartic mine, Minera Florida mine, Jacobina mine, and more. Its mines are located in Canada, Chile, Brazil, and Argentina. Now let’s have a look at how Yamana has been doing since 2021 came to a start.
AUY stock price was at $5.71 a share on average as of December 31st. Now on January 5th, AUY stock price has gone up to $6.04 a share on average. This gold stock has shown a lot of positive performance in the last year. While there is no very recent updates from the company, more can be expected in the future. There are plenty of great gold stocks to watch in 2021. It will be interesting to see which are the biggest gainers.
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