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Summary
- 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.
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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.
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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.
