Top Mining Stocks To Buy Or Sell
2021 has arrived and with it has already come some rather interesting history for mining stocks so far. On the day of December 31st, nobody knew the direction in which mining stocks could be headed. Then the first week of January came, and mining stocks soared in price. Now in the second week of January, things have calmed down for mining stocks. But still, mining stocks have not gone down further than where they were at in December. In the first week of January prices for gold reached above $1,900 per ounce and $27 per ounce with silver.
But now in the second week, prices have settled to $1850 and $25 for gold and silver respectively. The pandemic’s numbers are still rising which is still hurting the economy. That is how mining stocks have been able to hold a lot of momentum despite the vaccines being distributed all over the world at the moment. So will mining stocks be able to hold this momentum continuing through 2021? Some analysts have predicted that gold prices could reach upwards of $2,500, but this is purely speculation. There are a lot of things impacting the price of mining stocks at the moment. So how are specific mining stocks performing? Let’s have a look at four mining stocks that have showed a good amount of performance in the market recently.
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Top Mining Stocks To Buy Or Sell
- B2Gold Corp. (NYSE: BTG)
- Golden Star Resources Ltd. (NYSE: GSS)
- Osisko Gold Royalties Ltd (NYSE: OR)
- Americas Gold and Silver Corporation (NYSE: USAS)
The first mining stock to watch is B2Gold Corp. B2Gold is a gold producer that operates mines. It currently runs mines in Mali, the Philippines and Namibia. It operates the Fekola mine, Masbate Mine, and the Otjikoto Mine. It also holds 81% interest in the Kiaka Project in Burkina Faso. In addition to these properties it has a portfolio of other evaluation and exploration assets. Let’s see what B2Gold has been up to in 2021 so far.
BTG stock price started 2021 well reaching above $6 a share on average. Now as of January 12th 2021, BTG stock has fallen under $5.20 a share on average. This comes as the price of precious metals drops lower. But in the last year, BTG stock is still up quite a bit. In fact, BTG stock price performed rather well in 2021. It will be interesting to see how this company performs in the future. Only time will tell of B2Gold Corp. is able to perform better as 2021 continues onwards.
Golden Star Resources Ltd.
Next up on this list comes Golden Star Resources Ltd. Golden Star is a mining and exploration company based in Canada with a primary focus on gold. It actively runs the Wassa open-pit gold mine in Tarkwa, Ghana. It also holds processing plants and underground mines. One example was the Bogoso gold mining and processing property in Ghana, which has now been sold. It also holds interest in multiple gold related projects in both Ghana and Brazil. So what has GSS stock performance looked like in 2021?
On the day of January 12th, GSS stock price rose about 5%. Although this increase was not enough to bring it above its recent 2021 highs from the first week. This 5% increase was caused by gold price increases on the same day. This mining stock performed rather well when it comes to increasing stock price back in 2020. Now we wait for more advancements and announcements from the company. Until then its stock price will be moved by the price of precious resources such as gold.
Osisko Gold Royalties Ltd.
Next up is Osisko Gold Royalties Ltd. Osisko is a company that will acquire and manage precious metal and other royalities and streams. It has a variety of assets in North America, Chile, and more. Its portfolio contains 135 royalties, streams, and precious metal offtakes in North America. So what has Osisko’s performance looked like recently, especially as we have entered 2021?[Read More] How To Invest In Mining Stocks For 2021
In the last 6 months, OR stock price has increased by $2 in total. As of January 12th, this mining stock is at $12.30 a share on average. Just like the other companies on this list, it will generally move based on the price of precious metals. This mining stock saw a bump in price like many others in the first week of 2021. Its most recent update was when it launched the Osisko Development Corp. a couple months ago. So it will be interesting to see the future direction of this mining stock.
Americas Gold and Silver Corporation
The final company on this list of mining stocks is Americas Gold And Silver Corporation. Americas Gold and Silver Corporation is a gold and silver mining company, but also explores for lead, zinc, and copper. It will acquire, evaluate, explore, develop, and operate mineral properties in North America. It holds 100% interest in 67 mining concessions in Mexico, as well as many other properties. So let’s look at what this company’s performance has been in 2021 so far.
On January 11th the company announced commercial production at its Relief Canyon mine. Its first gold was poured in February of last year, and it has consistently met required stacking rates since. The CEO of the company, Darren Blasutti, stated, “The Relief Canyon team worked hard to overcome the common teething pains in commissioning a new operation, the impact of the COVID-19 pandemic, and the failure of our large radial stacker. I look forward to a successful 2021.” This mining stock also received an initial uptick and then fell like many others at the start of 2021. But the year just began, so it will be interesting to see where this mining stock can go from here. It is important to look at the recent news and advancements from a company before deciding to invest. That is what places USAS stock on this list.
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