Will these gold stocks continue climbing in the market?
2021 has been quite the year for gold stocks so far. At the start of the year the yellow metal shot up in value on higher gold prices and outlook for the New Year. Since then, Gold has pulled back quite a bit. Many analysts believe this is not the end of the gold rally though. This continues to prove itself because gold is staying at a similar price point at the moment.
The pandemic is slowing down at the moment in the United States. COVID-19 cases are rapidly dropping as vaccines are distributed. But now cases could be going back up because of the Delta variant and eased restrictions. Only about 50% of the U.S. population has received the vaccine for the virus, making it a lot harder for the country to recover.
It is important to know about the gold corporations 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 a lot of inflation fears in the market, and nobody knows how this may affect the sector at the moment. For now, let’s take a look at three gold stocks that are going up in the market.
Top Gold Stocks To Watch
- Kinross Gold Corporation (NYSE: KGC)
- IAMGOLD Corporation (NYSE: IAG)
- Harmony Gold Mining Corporation Limited (NYSE: HMY)
Kinross Gold Corporation (NYSE: KGC)
Kinross Gold Corporation is a mining company that currently will explore for land, acquire land, and develop gold-related assets on its properties. This gold stock has operations in the United States, Canada, Russia, and many other countries. Additionally, Kinross extracts and processes gold ore and then produces and sells the precious minerals.
On July 28th, the company reported its second quarter results for 2021. Kinross is on track to meet its revised production guidance of 2.1 million gold equivalent ounces. The company also announced a share buyback program, and expects Tasiast mill to restart in the fourth quarter of 2021.
CEO and President J. Paul Rollinson said, “During the second quarter, Kinross continued to generate robust free cash flow, which more than doubled compared with the previous quarter. Our excellent free cash flow, as well as the strength of our investment-grade balance sheet and growing production profile, underpin today’s announcement of a share buyback program and our continuing quarterly dividend, which supports our commitment to enhance shareholder value.” Will you add KGC to your mining stock watchlist?
IAMGOLD Corporation (NYSE: IAG)
IAMGOLD Corporation explores for, develops, and operates various gold mining properties. All of IAMGOLD’s properties are located in The Americas and West Africa. It owns an interest in the Rosebel mine, Essakane mine, Westwood mine, and more. It also has exploration and development properties such as the Boto gold project and the Pitangui project.
On August 4th, the company reported its second-quarter results for 2021. President and CEO Gordon Stothart said, “The second quarter of 2021 was challenging primarily because production from our Rosebel mine was unexpectedly adversely affected by unusually heavy rains and an increase in COVID-19 cases in Suriname, in addition to difficult industrial relations. Essakane continued to perform strongly and we were able to finalize a new three-year collective labor agreement with our unionized employees.” With this new information in mind, will you add IAG stock to your watchlist in 2021?
Harmony Gold Mining Corporation Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a gold company that explores, extracts metals, and processes said metals. This corporation mostly searches for gold, silver, copper, and uranium. It also looks for deposits in South Africa and Papua New Guinea.
Harmony Gold Mining Company Limited has not released any news lately. This company’s stock price will usually move with the price of gold just like the other company’s on this mining stock list. On July 5th, HMY stock increased by 1.58% in the market. The company has experienced a fair share of ups and downs in the last year and a half. Nobody knows if HMY stock will be able to achieve the highs it saw last year. Keeping this in mind, will this company make your list of gold stocks to watch?
Top Gold Stocks To Buy?
Deciding which gold stocks to buy can often be difficult. That is why developing an investment strategy can be very helpful in the process. The market for gold stocks has grown a lot in the last year and a half. Sure, gold prices are not at the record highs they reached mid-last year. But there are still many gold stocks moving up in the market. So which gold corporation will make your watchlist in 2021?
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