3 quality gold stocks to hold for 2021



  • Newcrest Mining is one of the heavyweights in the space having a market capitalisation of almost $20 billion.
  • De Grey Mining is a relatively smaller gold miner which has surged over 26 per cent since March 10.
  • West Wits Mining is a small cap player in the mining space which is a promising candidate for higher than average returns.

Gold stocks are the stocks of companies that are engaged in mining of gold, or in the business of trading gold. These stocks are one of the best proxies to play the yellow metal theme. Gold investors can also purchase stocks of these companies instead of directly buying it as a physical or digital gold.

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With so many options to choose from, let’s have a look at some of the top choices of the street in this sector.

  1. Newcrest Mining Limited (ASX:NCM)

Newcrest Mining is one of the heavyweights in the space having a market capitalisation of almost $20 billion. On 11 March, the company updated the market on the Wilki Farm-in Project exploration programme stating its RC drill testing of initial greenfield targets has intersected minor zones of anomalous silver, gold, copper and other pathfinder elements.

The company has identified 12 new geophysical targets for testing in CY21 and all the drill programmes are funded by Newcrest. The stock closed at A$24.17, down by 0.98 per cent on Wednesday.

Read More: Newcrest (ASX:NCM) to go ahead with expansion across geographies

  1. De Grey Mining Limited (ASX:DEG)

De Grey Mining is a relatively smaller gold miner with a market capitalisation $1.2 billion. In the recent business update released on 10 March, the company announced that the drilled rates for the half-year ended 31 December 2020, continued to be very productive given the difficulty of some of the terrain with 70,000m of RC, ~98,000m of aircore drilling and ~17,500m of diamond drilling already being completed.

Image Source: ID 52427722 © Tomas1111 | Megapixl.com

The stock has been trending up since the day update was released and has delivered a return of over 26 per cent with a closing of A$1.065 on Wednesday.

  1. West Wits Mining Limited (ASX:WWI)

West Wits Mining is a small cap player in the mining space with a market capitalization of $138 million. The company’s exploration activity at the WBP was carried out by it’s South African based geological consultant. The outstanding work carried out by the geology team has resulted in an additional 702,000oz and a substantial 0.48g per ton increase of the global MRE grade to 3.88g per ton.

The stock price has become volatile for the past few sessions as it has started to attract a lot of attention from investors. On Wednesday, the stock closed flat at A$0.1.

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