5 TSX gold stocks to watch in 2022

Highlights

• Gold has been one of the safest investment options around the world since ages.
• Investors with market foresight can benefit from soaring gold prices by holding gold stocks at bargain prices.
• As the pandemic-induced supply chain crisis and labour shortage continue to exist in the market, many commodity experts expect gold stocks to see a rally in the near future.

Gold has been one of the safest investment options around the world since ages. This is why its demand tends to increase during challenging times, which in turn pushes up its prices. 

Investors with market foresight can benefit from soaring gold prices by holding gold stocks at bargain prices.

With this strategy in mind, let us discuss five Canadian gold stocks to watch in 2022.

1.    B2Gold Corp (TSX:BTO)

B2Gold Corp recorded 310,261 ounces of total gold production in the third quarter of fiscal 2021.

In Q3 FY2021, the international gold producer also sold 286,650 ounces of gold and generated a revenue of US$ 511 million.

Stocks of this gold miner closed at C$ 4.62 per share on Thursday, January 6. BTO stock jumped by almost two per cent in the last three months.

Also read: 5 best Canadian lithium stocks to buy in 2022

2.    Wesdome Gold Mines Ltd (TSX:WDO)

Wesdome Gold Mines Ltd, which had a market capitalization of over C$ 1.5 billion, produced 29,344 ounces of gold in Q3 FY2021.

Its revenue grew by 23 per cent year-over-year (YoY) to C$ 67.5 million in the latest quarter.

With a return on equity (ROE) of 38.51 per cent, this gold stock closed at C$ 10.72 apiece on January 6. Stocks of Wesdome Gold climbed over 12 per cent in the past nine months.

3.    Newmont Corporation (TSX:NGT)

One of the largest gold production companies in the world, Newmont Corporation recorded 1.45 million ounces of gold and 0.315 million ounces of gold equivalent from co-products in Q3 FY2021.

Newmont Corporation also posted a revenue of US$ 2.89 billion in the latest quarter.

Stocks of Newmont closed at C$ 74.71 apiece on January 6 and returned a three-month gain of over 10 per cent.

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4.    Franco-Nevada Corporation (TSX:FNV)

Franco-Nevada Corporation recorded a revenue surge of 13 per cent YoY in Q3 FY2021. Its revenue was US$ 316.3 million in the latest quarter.

The precious metal-focused company saw its scrip close at C$ 161.12 apiece on January 6.

The gold scrip, which has a P/E ratio of 35.80, declined by roughly four per cent in the last three months.

5.    Barrick Gold Corporation (TSX:ABX)

Barrick Gold Corporation, a Toronto-based gold company, generated total revenue of US$ 2.82 billion in the third quarter of 2021.

Stocks of Barrick Gold, one of the actively traded stocks as per the TMX site, closed at C$ 22.90 per share on January 6.

Bottom line

As the pandemic-induced supply chain crisis and labour shortage continue to exist in the market, many commodity experts expect gold stocks to see a rally in the near future.

Also read: Top 5 TSX energy stocks under $10 for your 2022 portfolio