Will you add these gold stocks to your watchlist in 2021?
When it comes to investing in the market, investors have had their eye on gold stocks this year. Gold companies are generally companies that mine and refine gold, as well as sell to dealers. The price of gold will move based on the supply and demand for it, meaning it is changing all the time. Back in 2020, gold went up in price exponentially. In fact, the metal reached a new record high last year. Many have used physical gold as an asset while the economy has been messed up.
When last year started, production of gold was slowed or stopped completely because of the pandemic. But we are at the end of the year now, and gold production is pretty much back in full swing. It is important to know what gold stocks you are investing in. Check the recent advancements, gold prices, volume, and more to determine if a gold stock is right for you.
There are many factors that may impact the price of gold stocks. We mentioned some of those above, but the news is also very important to the sector. World news, sector news and company news can all cause a gold stock to move multiple percentages in a single trading day. There are still plenty of gold stocks to keep your eyes on right now. Things can get confusing in the market, so we have compiled a list of some top gold stocks to watch in July.
Top Gold Stocks To Watch
Barrick Gold Corporation (NYSE: GOLD)
Barrick Gold Corporation is a mining stock that has performed very well recently. In the world of gold producers, Barrick Gold is in the upper echelon. As of 2020, Barrick Gold is the second largest gold mining company in the world. The company actively operates gold mines in 12 separate countries. In addition to this, Barrick Gold has 71 million ounces and 13.5 billion pounds of proven and probable gold and copper reserves as of the end of 2019.
On June 10th, Barrick confirmed per share distribution amount for the first $250 million return of capital tranche. The senior executive VP and CFO Graham Shuttleworth said, “Our overall return to shareholders for 2021 is one of the highest in the industry and marks another milestone in our journey towards our objective of building the world’s most valued gold company. Our strong balance sheet and cash flows, and our 10-year production outlook anchored by our Tier One2 gold assets, position us well to continue creating and delivering value to our investors and our other stakeholders.”
GOLD stock price generally will move up or down with the price of gold itself. This means that when the metal is going up in price, often Barrick stock will follow suit. With this in mind, will Barrick make your list of gold stocks to watch?
Kinross Gold Corporation (NYSE: KGC)
Kinross Gold Corporation is a mining stock that acquires, explores, and develops different gold properties. These properties are located in the United States, Canada, Russia, Brazil, Chile, Ghana, and Mauritania. Its process includes extracting and processing gold ores as well and producing/selling the mineral. As of December 31st, 2019 the company held of proven and probable mineral reserves, 24.3 million ounces of gold, and 55.7 million ounces of silver.
This is another gold stock that usually moves up or down with the price of the metal itself. But there are other things that impact the price of this corporation as well. Kinross announced that it will release its second-quarter financial and operating results on Wednesday, July 28th, 2021, after the market closes. This is likely when we will see the next larger stock price movement for KGC, but nothing is guaranteed. Keeping this information in mind, is KGC a stock that you will add to your watchlist?
B2Gold Corp. (NYSE: BTG)
B2Gold Corp. is a gold mining stock that runs many mining operations. The company’s operations are located in Mali, the Philippines, and Namibia. B2Gold produces various precious metals, but its primary resource is 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.
Now you may be wondering what this gold corporation has been up to recently. B2Gold began its arbitration against Mali over a mining permit on June 24th. This is the latest update that has come from it. In June the company also released its annual responsible mining report. The CEO and President Clive Johnson said that “for B2Gold and the world, 2020 was an unprecedented year. The outbreak of the COVID-19 pandemic has altered the way we all live and work, and I could not be more proud of the way that our teams across the globe were able to meet and exceed all expectations and deliver another successful year.”
BTG stock price has gone down significantly in 2021. But on July 6th, BTG stock is performing well in the market. Will you add BTG to your list of gold stocks to watch?
Gold Stocks In 2021
Currently, there are a lot of inflation fears in the market. Nobody knows how this is going to impact the price of gold over time. For now, there are many gold stocks to watch that are increasing in value all the time. Using the strategies mentioned above could potentially be useful to you. So which gold stocks will make your watchlist this year?
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