Gold has been one of the most secure commodities for ages immemorial. Now, in addition to investing in the physical yellow metal, investors also get the opportunity to invest in stocks of the gold mining companies, or the gold mining stocks in the market.
The gold mining industry is vast and varied, with over 300 gold mining companies that are publicly traded. Additionally, the market values of these gold mining companies also vary from micro-cap to large-cap.
Gold mining companies have a diversified portfolio of assets across the world. Therefore, gold mining stocks diversify the risk exposure and geographical exposure of investors, instead of concentrating them on just a couple of gold mining sites.
Ticker | Company Name | Last Price | 1-Year Return | Market Cap |
|---|---|---|---|---|
| ALKEF | Alkane Resources Limited | $0.60 | 25.00% | 446.6M |
| EGO | Eldorado Gold Corp | $11.26 | 22.13% | 1.9B |
| KNTNF | K92 Mining Inc | $6.26 | 132.71% | 1.7B |
| TRX | Tanzanian Gold Corp | $0.57 | 3.64% | 186.1M |
| LGDTF | Liberty Gold Corp | $1.24 | 47.62% | 402.7M |
| CHPGF | Chesapeake Gold Corp. | $3.31 | 65.50% | 233.7M |
| DRD | DRDGOLD Ltd. | $10.66 | 17.40% | 915.6M |
| CAGDF | #N/A | #N/A | #N/A | #N/A |
| PMNXF | Perseus Mining Limited | $1.03 | 45.07% | 1.6B |
| MGDPF | Marathon Gold Corp | $2.09 | 95.33% | 554.9M |
| AGI | Alamos Gold Inc | $8.71 | 18.83% | 4.2B |
| FNV | Franco Nevada Corp | $141.63 | 8.03% | 33.8B |
| HMY | Harmony Gold Mining Co. | $4.74 | 53.90% | 2.8B |
| VITFF | Victoria Gold Corp | $12.13 | 104.21% | 945.6M |
| USAS | Americas Gold and Silver Corporation | $2.27 | 9.13% | 373.2M |
| KL | Kirkland Lake Gold Ltd | $38.56 | -3.16% | 12.9B |
| LOMLF | Lion One Metals Ltd | $1.00 | 8.70% | 194.5M |
| TPRFF | Gran Colombia Gold Corp | $4.31 | 4.11% | 329.0M |
| NGD | New Gold Inc | $1.74 | 117.50% | 1.2B |
| VGZ | Vista Gold Corp. | $1.12 | 72.31% | 115.8M |
| SGSVF | Sabina Gold & Silver Corp | $1.47 | 20.49% | 640.1M |
| GOLD | Barrick Gold Corp | $22.41 | -15.37% | 39.2B |
| AKG | Academies Australasia Group Ltd | $0.34 | 6.25% | 43.4M |
| ARNGF | Argonaut Gold Inc | $2.25 | 120.59% | 863.6M |
| NG | NovaGold Resources Inc. | $9.79 | -19.36% | 3.2B |
| AU | AngloGold Ashanti Limited | $21.65 | -13.92% | 9.0B |
| AIRRF | Aurion Resources Ltd | $0.68 | 4.62% | 71.8M |
| NCMGY | Newcrest Mining ADR | $22.05 | 22.70% | 23.1B |
| KGC | Kinross Gold Corporation | $7.54 | 12.54% | 9.5B |
| RGLD | Royal Gold, Inc | $118.12 | 1.25% | 7.7B |
| AUY | Yamana Gold Inc | $4.84 | 4.09% | 4.6B |
| WDOFF | Wesdome Gold Mines Ltd | $7.93 | 13.45% | 1.4B |
| AEM | Agnico Eagle Mines Ltd | $66.16 | 17.01% | 16.1B |
| OR | Osisko gold royalties Ltd | $12.40 | 37.62% | 2.6B |
| BTG | B2Gold Corp. | $5.13 | 2.40% | 6.7B |
| SA | Seabridge Gold Inc | $17.85 | 39.02% | 1.3B |
Factors to Consider Before Investing in Gold Mining Stocks
It is significant to note that the price of the gold mining stocks is affected by both the production and earnings of the gold mining companies and the price of gold. Therefore, gold mining stocks are more volatile than physical gold.
Investors must consider the overall performance of the gold mining companies whose stocks they wish to invest in. The performance indicators include management effectiveness, costs of production, the value of reserves, and other exploration and development activities.
In addition to the gold mining companies’ individual performance, price of gold mining stocks also fluctuates with the price of gold, the value of the dollar, and other economic and political factors.
Which Gold Mining Stocks Should I Buy?
We have compiled a list of gold mining stocks for you to choose from. You can make a choice based on how these gold mining companies make their money and what their future prospects look like.
Despite the volatility in price, gold mining stocks remain efficient avenues of investment. They provide both short-term regular income and long-term capital gains, even amidst a volatile market environment. Gold mining stocks are an excellent means to add value to your portfolio in the form of diversification.
The #1 Investment of 2021
Our team has analyzed thousands of stocks in hundreds of sectors. Looking for stocks with massive growth potential? Check out the top stock pick for 2021.