9 junior gold stocks to buy to glam up your portfolio

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9 junior gold stocks to buy to glam up your portfolio

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 9 junior gold stocks to buy to glam up your portfolio
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Highlights

  • When investors are on the lookout for less risky investment options, they often explore gold as it is perceived as a safe haven.
  • Some market experts believe that adding gold to a portfolio gives a healthy diversification benefit.

In times of geopolitical unrest and increasing volatility, stocks across sectors are often impacted. As a result, investors go on the lookout for less risky investment options.

Gold is often perceived as a safe haven, especially amid challenging times. Now, as the world slowly recovers from the deadly coronavirus, gold extraction levels are expected to rise, which can mean well for the companies involves.

Some market experts believe that adding gold to a portfolio gives a healthy diversification benefit. With that in mind, let’s look into some junior gold stocks trading on the Toronto Stock Exchange Ventures.

                       

Glam up your portfolio with Junior Gold Stocks

 

  1. Great Bear Resources Ltd (TSXV: GBR)

This gold exploration company extracts and explores mineral resources and properties based in Ontario, Canada. The company held about 57 million outstanding shares and a closing stock price of C$ 13.98 on August 16, 2021.

At this point, GBR stock was trading roughly 27 per cent below its 52-week high of C$ 19.19 (September 10, 2020) and was down 13.5 per cent on a one-year basis.

Great Bear incurred a net loss of C$ 1.48 million in the first quarter of fiscal 2021, down from that of C$ 4.29 million in Q1 FY2020.

Its price-to-book (P/B) ratio stood at 6.62 on August 16.

  1. New Found Gold Corp (TSXV: NFG)

This company is engaged in exploring and evaluating gold properties in various Canadian provinces.

Stocks of New found Gold closed at C$ 10.35 on August 16, trading nearly 614 per cent above its 52-week low of C$ 1.45 (August 19, 2020).

The gold scrip had surged by nearly 201 per cent in the last six months, and had rocketed by a whopping 572 per cent in the past year.

New Found Gold incurred a comprehensive loss of C$ 5.39 million in Q1 FY2021, up from that of C$ 6.6 million in Q1 FY2020. The loss, the company said, was due to an increase in exploration and evaluation expense in Q1 FY2021.

Its P/B ratio stood at 23.

Also Read: 5 best gold stocks to buy while they are cheap

  1. Oroco Resource Corp (TSXV: OCO)

This exploration company held a market cap of C$ about 530 million and some 190 million outstanding shares, when its stock price at C$ 2.78 on August 16.

Oroco stock was trading nearly 315 per cent above its 52-week low of C$ 0.67 (August 17, 2020) and roughly 24 per cent below its 52-week high of C$ 3.66 (June 23, 2021).

Over the past year, the junior gold stock jumped by 309 per cent. It was up by 50 per cent on a year-to-date basis.

Oroco Resource Corp loss of C$ 0.23 million in Q3 FY2021, up from that od C$ 0.07 million in Q3 FY2020.

The exploration company held a P/B ratio of 11.12.

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  1. Orezone Gold Corporation (TSXV: ORE)

Stocks of Orezone Gold closed at C$ 1.27 apiece on August 16, trading nearly 57 per cent above their 52-week low of C$ 0.81 (October 29, 2020) and 25 per cent below its 52-week high of C$ 1.7 (June 8, 2021).

The Canadian gold resource company settled at a market cap of C$ 410 million and 323.53 million outstanding shares on this day.

The gold stock increased by nearly 30 per cent in the last six months and grew by about 17 per cent over the past year.

Orezone Gold incurred net loss of US$ 3.17 million in Q1 FY21, down from a loss of US$ 6.87 million in Q1 FY20.

On the valuation front, Orezone held a P/B ratio of 4.5 and a debt-to-equity (D/E) ratio of 0.01

Also Read: What are the best gold ETFs in Canada?

  1. Probe Metals Inc (TSXV: PRB)

The C$ 246-million market cap mining company is engaged in acquiring, developing, and exploring gold properties in Canada.

Its stock price closed at C$ 1.89 per share on August 16, trading about 50 per cent above its 52-week low of C$ 1.26 (March 8, 2021). At this level, it had increased by 29 per cent for the past year and returned 11 per cent on a YTD basis.

Probe Metals incurred a loss of C$ 1.28 million in Q1 FY2021, down from a loss of C$ 7.36 million in Q1 FY2020. This was due to an increase in exploration expenses in the same quarter, the firm said.

It had a P/B ratio of 7.87.

Copyright © 2021 Kalkine Media

  1. Integra Resources Corp (TSXV: ITR)

The C$ 192-million market cap company explores gold, base metal, and other commodities with major interests in the American region.

Integra Resources stock closed at C$ 3.48 apiece on August 16, trading nearly 34 per cent below its 52-week high of C$ 5.24 (August 18, 2020).

Over the past year, ITR stock decreased by roughly 30 per cent and climbed by four per cent on a quarter-to-date (QTD) basis.

Integra Resources incurred a net loss of C$ 11.12 million in Q2 FY2021, up from that of C$ 4.78 million in Q2 FY2020.

On the valuation matrics, its P/B ratio stood at 4.19 and D/E ratio was 0.04 on August 16.

Also Read: 3 Gold Stocks You Can Buy At Discounted Prices

  1. Lumina Gold Corp (TSXV: LUM)

The C$ 250-million market cap Canadian company explores and develops mineral resources in Ecuador.

The stocks of Lumina closed at C$ 0.75 per share on August 16, down by nearly 28 per cent for the past year.

At this closing price, LUM stock was trading 32 per cent below its 52-week high of C$ 1.1 (September 1, 2020).

Lumina Gold incurred a net loss of US$ 1.84 million in Q1 FY2021, down from a net loss of US$ 2.54 million in Q1 FY2020.

Lumina held a P/B ratio of 75 and D/E ratio of 0.84.

  1. Ely Gold Royalities Inc (TSXV: ELY)

The company focuses on purchasing royalties and selling gold projects in Canada and the US. It held a market cap of C$ 225 million and 177.51 million outstanding shares on August 16, when its stock price closed at C$ 1.27 apiece.

The glod stock was trading nearly 63 per cent above its 52-week low of C$ 0.78 (March 5, 2021) on August 16. It was up by 35 per cent for the last six months.

Ely Gold posted a revenue of C$ 1 million in Q1 FY2021, up from that of C$ 0.22 million in Q1 FY2020. Its net loss was C$ 0.23 million during the latest quarter.

Its P/B ratio stood at 5.08 on August 16.

  1. Gold Reserve Inc (TSXV: GRZ)

This gold company held a market cap of C$ 213.7 million and a closing stock price of C$ 2.15 per share on August 16.

At this point, the stock traded 43 per cent above its 52-week low of C$ 1.5 (May 12, 2021) and held a P/B ratio of 2.6.

GRZ stock had decreased by 13 per cent in the past year and had increased by nearly 13 per cent QTD.

Gold Reserve incurred a net loss of US$ 1.74 million in the second quarter of 2021.

Bottomline

Although investing in gold and adding it to your portfolio can improve portfolio diversification, the regular changes in the prices of gold and its stocks should not be ignored.

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