Investing in gold stocks has been an up and down trend throughout the past decades. It’s a good way to diversify your stock portfolio. Towards the end of 2018, there was a rallying trend for the price of gold and the precious metal commodity began to look like a safer bet as the unpredictable supply and demand dynamics began to level out. The price of gold consistently fluctuates and it impacts the value of gold companies, but as of early 2019, the price of gold has been on an upswing and it’s looking like a good bet for investment for the current year according to The Motley Fool. Here are 10 gold stocks worth considering.
1. B2Gold (NYSE:BTG)
B2Gold is a mining based company focused on acquiring mineral properties and developing them for mining operations. The company is based in Vancouver, Canada and currently operates several mineral properties including Otjikoto Mine, Fekola Mine, Libertad Mine, Limon Mine and more. The current market cap is $2.96 billion. The company is in the gold sector of the basic materials and resources category with Revenue at $1.59 billion and a 91.54% increase in sales change for the year end as of December 31.
2. Agnico-Eagle Mines (NYSE:AEM)
Agnico Eagle Mines Limited is similar to B2Gold in their exploration and development of mineral properties with the addition of production of Gold in the countries of Finland, Mexico and Canada. The focus of the enterprise is in the production and sales of gold deposit. The stock offers a bit of diversity as they also explore zinc, copper and silver deposits discovering the LaRonde mine with an estimated 3.1 million ounces of gold in its reserve. The company is based in Toronto, Canada. The market cap is 12.767 billion with recent discoveries of high grade gold.
3. Kirkland Lake Gold (NYSE:KL)
Kirkland Lake Gold Ltd. is involved iwth the exploration and development of gold properties as well as in the mining. They currently hold the HOlt Mine, Macassa Mine and Taylor mine projects. The Toronto, Canada company was established in 2015 and is fairly new in the industry. The market cap is 6.57 billion with 209.82 billion shares outstanding and The Street gives it an A+ rating of stocks to buy.
4. AngloGold Ashanti (NYSE:AU)
AngloGold Ashanti Limited is a gold mining company that offers diversity for gold stock investment with production sulphuric acid, dore bars, uranium and silver as well as mining of gold. The company is based in Johannesburg, South Africa since 1944 and operates 14 mines within 10 countries throughout Australasia, Continental Africa, South African and the Americas. The main focus of the ooperations are upon gold and silver ores. This company has annual sales of $3.94 million with a market cap of $5.14 billion.They employ more than 51,000 workers.
5. Kinross Gold (NYSE:KGC)
Kinross Gold Corp. is a Toronto, Canada based company that is involved with exploration, acquisition and development as well as the production of gold within the Russian Federation, the United States, Canada, Ghana, Mauritania, Ecuador, Brazil and Chile. They produce god and silver dore. The company was established in 1993. The market cap is 4.14 billion with current analyst recommendations leaning towards buying or holding the stock.
6. Barrick Gold (NYSE:GOLD)
Barrick Gold is the top company in the gold mining sector, having acquired their rival Rangold Resources to create the largest gold mining firm in the world. They own five top tier gold mines which have the lowest overhead for mining resources. This is a dividend stock that is highly recommended if you’re looking for a gold stock investment at this time. A spot check showed the current price per share according to the NYSE at $12.84 with a Change of +0.03.
7. Royal Gold, Inc. (RGLD)
Royal Gold, Inc. is a Denver, Colorado based company that focuses upon the acquisition and management aspects of precious metals operations. They’re not a mining company, but they do have interest in nearly 2 dozen operations that produce the equivalent of 56,000 ounces of gold per quarter with a strong outlook for positive performance. The market cap is $6.13 billion.
8. Franco Nevada (FNV)
Franco Nevada is similar in their business to Royal Gold. They are a major gold streaming and royalty company and it’s one of the most highly recommended stocks because of its high performance, which is currently ranked as the best performing in history with 400% returns to investors in their 10 year existence.
9. Sandstorm Gold (SAND)
Sandstorm Gold is another streaming and royalty company that is currently in a junior status. Although it represents more of a risk because of its small size, it has the potential to grow into a giant like Franco Nevada within the next ten years. The company is totally free of debt, which minimizes the risk further, making it a good gold stock choice.
10. Detour Gold (DGC.TO)
Detour Gold is an Ontario, Canada based company that owns Detour Lake with an estimated reserve life of 22 years, surpassing the average of 10 years in the industry. The stock recently experienced a setback with missed production estimates in the third quarter but it experienced an upswing more recently. Given the assumption that the events which led to the lack of production have been addressed, Detour Gold has every likelihood of getting back on track for hitting their goals. The majority of analysts rate the stock as bullish with a recommendation to buy in 2019 as the outlook for performance is good in the future.