ASX-listed gold stocks to watch out for

Highlights

• Gold stocks showcased a mixed trend on the ASX in 2022.
• Gold price currently stands at US$1,824 per troy ounce.
• Newcrest Mining, Northern Star Resources, Evolution Mining, and Perseus Mining are some of the gold-focused companies listed on the ASX.

Safe-haven commodity 'gold' showcased a mixed trend in 2022. While the ASX-listed gold stocks witnessed sharp volatility throughout the year, they saw correction and bounced back in the last two months of trading.

While the S&P/ASX 200 index, INDEXASX:XJO shed 2.56% in last month on the ASX, the benchmark Materials index, INDEXASX:XMJ is marginally up by 0.57% in the last one month. It should be noted that in the previous six months of trading on the ASX, the Materials index has gained 24.43% to 3,591.20 points (as of 2:22 PM AEDT, 6 January 2022).

On Friday (6 January 2022), the gold prices floated around their seven-month highs as the markets were looking forward to a crucial reading on the US non-farm payrolls. Also, the likelihood of central bank raising interest rates at a slower pace in 2023 was seen supporting the gold prices.

Amid all the golden talk, let us look at some ASX-listed gold stocks worth watching out for in the coming months.

Newcrest Mining Limited (ASX:NCM)

The shares of Newcrest Mining Limited were spotted trading 1.944% strong at AU$22.020 apiece at 2:30 PM AEDT on the ASX on Friday (6 January 2023).

With a market capitalisation of AU$19.30 billion, the company engages primarily in the exploration, development, mining and sale of gold and copper concentrate.

Newcrest, today, announced that it has received early repayment of the gold prepay credit facility from Lundin Gold. The amount stood at AU$173 million. Newcrest entered the gold prepay credit facility, a stream facility and an offtake agreement in respect of Lundin Gold's Fruta del Norte mine for AU$460 million in April 2020.

In December 2022, Newcrest announced that its managing director and CEO Sandeep Biswas is retiring, and the company's Chief Financial Officer Sherry Duhe will be taking the role.

Regarding the recent performance of the company on the ASX, the shares of NCM have gained 11.49% in the last six months. However, in past one year, the shares have lost 8.36% on the ASX.

Northern Star Resources Ltd (ASX:NST)

This materials giant, after trading on a bullish note on Friday (6 January 2022), ended 1.204% strong at AU$11.760 apiece. The market capitalisation of the company stood at AU$13.36 billion.

Northern Star is a gold-focused firm that owns and operates mines in Western Australia and Alaska. In December 2022, the company announced that PolarX Limited (ASX:PXX) will be raising around AU$1.48 million. Via a placement to Northern Star Resources Limited of 94,200,000 fully paid ordinary shares at an issue price of 0.8 cents per share, PolarX will be raising around AU$753,600.  

Northern Star shares have gained 9.70% in the last one month on the ASX. In the previous six months of trading on the ASX, the shares have surged 70% and moved up 29.23% in the last one year.

Evolution Mining Limited (ASX:EVN)

This gold-focused firm with a market capitalisation of AU$5.87 billion closed 1.875% higher at AU$3.260 apiece on Friday. This gold mining firm has projects in Ontario, Canada besides across Australia.

The firm's shares have gained 6.89% in the last five trading days on the ASX. In the last one month, the shares have gained 16.43% and in the past six months, EVN shares have spurted by 35.83% on the ASX. In the last one year of trading on the ASX, the shares have lost 13.98% and on a year-to-date basis, the shares have gained 7.24%. In the last five years of ASX trading, EVN shares have gone up by 27.34% (as of 4:10 PM AEDT, 6 January 2023).

Perseus Mining Limited (ASX:PRU)

Perseus Mining has a market capitalisation of AU$3.03 billion and on Friday, the shares ended 4.954% strong at AU$2.330 apiece.

Perseus Mining, in June 2022, declared a 47.53% rise in its quarterly revenue. The company's net income also rose by 52.54% in the June quarter.

Meanwhile, when it comes to the share price performance of the stock PRU, they have gained 7.87% in the last five trading days on the ASX. In the last one month of trade, the shares have moved up 4.02% and in the last six months of trading on the ASX, PRU shares have spurted up by 47.47%. In the last one year, PRU shares have gained 50.32% and on a year-to-date basis, the shares have gained 9.91% on the ASX. During the previous five years of trading on the ASX, Perseus Mining shares have surged by 482.50% (as of 4:10 PM AEDT,