5 Less Known Gold Stocks to Look for In May


  • Investors are looking towards gold in this period of uncertainty even after the vaccine rollout.
  • Experts see chances of more than 10 per cent surge in gold prices in 2021.
  • It is not just the commodity; resource explorers shall also benefit.

Whenever the world faces any serious trouble like wars and pandemics, investors look at gold for refuge.  With global vaccine rollouts and current global treasury conditions, there is a lot of speculation on gold’s price in 2021. A larger chunk of commodity analysts and experts are now more inclined towards the specifics of the price movement in the yellow metal.

Experts expect a more than 10 per cent rise in the gold price from the 2020 level. The latest study of the gold analysts is focused on unexpected lockdowns, low-interest rates, money supply and economic conditions.

Image Source: © Successdesignstudios | Megapixl.com

During uncertain times, it’s not just the commodity but also the resource explorers who benefit from the surge in prices.  In this backdrop, let us put our lens through 5 trending Gold focused Mining stocks

Centamin PLC is a gold mining company having operations in Egypt for over the last 3 decades. It has worked in partnership with the Egyptian Government, local communities, and local businesses.

On 30 April 9:57 am GMT+1, its’ shares were trading at 107.25 GBX, down by 0.51 per cent from the previous close. In the last one year the stock has given a negative return of 34 per cent.

The company reported a strong performance in Q1 2021 on 22 April. Gold production from its Sakurai mine was in line with 2021 guidelines. It showed operating efficiencies and generated revenue worth US$ 190 million from gold sales.

  • Anglo Asian Mining PLC (LON: AAZ)

It is a leading gold and copper producer in Azerbaijan and Caucasia. It is listed on AIM and was behind the development of Azerbaijan's first operating gold/copper/silver mine at Gedabek. The Anglo Asian is keenly in quest of first mover advantage opportunities in Azerbaijan finding additional projects.

Its Share, traded at 133.10 GBX on 30 April 21 at 10:01 am GMT+1. It has been paying regular dividends for last 2 years.

In its Q1 2021 production and operations review issued on 15 April, it shared production numbers for 2021. It highlighted a dividend payment of US$1.7 million paid in March. It also reported the renewal of contracts with Azerbaijan government.

  • Pan African Resources PLC (LON: PAF) 

It is a mid-cap gold producer having operations in South Africa. It has dual-listing on London AIM and Johannesburg Stock Exchange. The company also has a Level 1 ADR backed by the Bank of New York Mellon. 

On 30 April 2021, 10:11 am GMT+1, its’ share was at GBX 17.38. The stock has a dividend yield of 0.04% and trades at a PE multiple of 7.39. The stock has given a return of 21.82 per cent in the last one year.

ALSO WATCH: 5 Gold Stocks to Watch For 2021 And Beyond

Its’ financial performance for 6 months ended 31 December 2020 demonstrated resilience and operational flexibility in its producing assets, despite challenges of the Covid-19 pandemic. The Group’s net debt decreased by 47.3 per cent, and net cash generated by operations increased by 178.2 per cent as compared to 2019.

It is another AIM-listed gold mining company focused on East Africa. Its East African assets include mines in Tanzania and West Kenya. It has cash generative operations producing rare high-grade gold.

The share pegged at GBX 14.29, down 0.42 per cent on 30 April 21, 10:32 am GMT+1. It has given a return of 19.08 per cent in the last one year.

In its operational update was posted on 21 April, where it announced a dividend of 0.10 pence per share. Its gross debt has reduced significantly and is now operating on cash backed liquidity. It reported an increase in gold production compared to 2020.

  • Barrick Gold Corp (LON: 0R22)

It is a mining company focused on gold and copper exploration. It has mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea, and Saudi Arabia. It focuses on high margin, long-life assets in mining.

ALSO READ: Buffett’s Affinity with Barrick Gold to Give Further Push to Precious Metal Investment

On 30 April 12:37 pm GMT+1, its stock pegged at GBX 1,524.70, down by 0.47 per cent. The stock has given a negative return of 29.08 per cent in the last one year.

Recent gold discoveries in Mali, in the West African belt, are likely to benefit multinationals like Barrick Gold Corp. Though it reported a drop in year-on-year production, rise in gold prices are to offset the losses.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from an appropriately authorised and/or qualified financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.