Trading gold stocks next month? Check these three out
Recently, gold stocks have been some of the most fascinating assets to keep an eye on in the market. Fears of inflation and an increase in pandemic infections as a result of new virus variants have caused a lot of volatility in gold. The new Omicron variant of the virus has created a new level of volatility as not many know about its attributes yet. Because of the unique position that gold plays in the economy, no matter what sort of trader you are, there are always several possibilities to earn in the gold market.
Gold, being one of the oldest forms of currency, has cemented its position in the financial world. As a result, the gold market attracts a wide range of investors. There are several methods to invest in gold, including actual gold, options, futures, and stocks. Today, though, we will just look at gold stocks.
In the past, you’ve seen how news may affect the price of gold stocks. This was especially true in 2020, a year with more news than ever before. Mining resources increased to unprecedented levels as a result of the epidemic. For example, the price of gold surpassed $2,000, setting a new high for the precious metal. Keeping up with global news, corporate news, and industry news may all be beneficial when investing in gold stocks.
Top Gold Stocks To Watch
- Harmony Gold Mining Company Limited (NYSE: HMY)
- Royal Gold Inc. (NASDAQ: RGLD)
- Hecla Mining Company (NYSE: HL)
Harmony Gold Mining Company Limited (NYSE: HMY)
On November 29th, Harmony Gold Mining Company Limited had a 4.66 percent boost in its stock price. In South Africa and Papua New Guinea, this company looks for, extracts, and processes gold. The company also looks for silver, copper, and uranium in addition to gold. In South Africa, Harmony operates nine subsurface operations and many surface treatment activities.
The company’s earnings and revenues increased year over year in fiscal year 2021. This occurred as a result of rising metal costs and the company’s rapid growth. Given that Harmony hasn’t issued any updates in quite some time, it’ll be interesting to see what they have in store for their shareholders before the year is through.
HMY’s stock price moves up and down in tandem with the price of gold. As a result, when gold prices rise sharply, HMY stock often follows suit. When gold, on the other hand, falls sharply, the HMY stock normally falls with it. Harmony is, of course, influenced by its own performance. Higher volumes are common when the firm provides quarterly results and mine updates. Noting this info, will HMY be on your list of gold stocks to watch in December?
Royal Gold Inc. (NASDAQ: RGLD)
Royal Gold Inc. is a gold stock based on royalties and metal streams that it purchases and administers. This is done for stream or royalty interests by the corporation. Gold, silver, copper, zinc, nickel, lead, and cobalt are Royal Gold’s target minerals. Currently, the corporation operates 189 sites across five continents. Royal Gold manages 41 mines and 17 projects in various stages of development.
On November 16th, the company announced its 21st consecutive annual increase in its common stock dividend to $1.40 per share for 2022. This was in total a 17% increase over 2021’s dividend. 2021’s dividend price was at $1.20 per share. The first quarterly dividend at this increased rate is payable on January 21st, 2022, to shareholders on record as of January 7th, 2020 at the close.
The CEO and President of the company, Bill Heissenbuttel said, “Paying a growing and sustainable dividend is a core strategic objective for Royal Gold. Recent record revenue from strong portfolio performance combined with further revenue growth from our newest producing assets give us confidence in the outlook for our business.” The company has paid $680 million in dividends since 2000. Noting this new update, will RGLD make your gold stock watchlist?
Hecla Mining Company (NYSE: HL)
Hecla Mining Corp. buys, finds, develops, and manufactures precious and base metal assets. It sells raw gold and silver bullion bars, as well as lead, zinc, and bulk concentrates. The corporation holds a 100 percent stake in the Greens Creek, Lucky Friday, Casa Berardi, and San Sebastian mines. It also has a stake in a number of other assets throughout North America.
On November 4th, released its third-quarter 2021 results. Hecla reported $193.6 million in revenue this quarter, which was the same as the previous quarter. It also earned $42.7 million in cash from operating activities and $26.9 million in asset additions. Hecla announced a quarterly exploration spend of $13.7 million, a record.
President and CEO of Hecla, Phillips S. Baker Jr. said, “This operational performance allowed us to enhance our silver-linked dividend for the second time this year and return about 20% of our free cash flow to shareholders while having our largest exploration program in the company’s history.” HL stock is up 0.36% on November 29th. Noting this info, will HL stock be on your watchlist as we move into December?
Best Gold Stocks For Your Watchlist?
Choosing which mining stocks and gold assets to invest in might be difficult. Developing an investing strategy is an effective way to mitigate some of the risks. When investing, keeping up with the latest news, whether it’s company-specific, global, or sector-specific, is quite useful. Examining charts, volume, and other statistics might be useful as well. So, which gold mining stocks will you be watching before the end of 2021?
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