Endeavour Mining, Centamin: Gold stocks you may shortlist to buy

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Endeavour Mining, Centamin: Gold stocks you may shortlist to buy

 Endeavour Mining, Centamin: Gold stocks you may shortlist to buy
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Highlights

  • Gold prices have been steadily rising and have recently crossed the US$2,000 per ounce mark for the first since August 2020.
  • Currently, the gold price is around US$2,010 per ounce, which is close to the record-high level of around US$2,070 per ounce in 2020.

 

Gold is a safe haven asset that is in the spotlight due to the ongoing Russia-Ukraine war, which has shaken the world. Even during the pandemic phase, gold prices had hit record high levels, which shows that the precious metal can become more valuable even when the market sentiment is sour and unpredictable. Gold prices have been steadily rising and have recently crossed the US$2,000 per ounce mark for the first since August 2020.

Currently, the gold price is around US$2,010 per ounce, which is close to the record-high level of around US$2,070 per ounce in 2020. If the Russia-Ukraine war situation keeps escalating, the gold prices may even cross the US$3,000 per ounce mark, experts said.

However, if the value of the precious metal is increasing, it doesn’t necessarily mean that all the gold stocks will gain. Thus, investors should properly research about the companies before investing in gold stocks.

Let’s look at the share price performance of 5 UK gold stocks.

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Pan African Resources plc (LON: PAF)

The market cap of the FTSE AIM 100 Index component, Pan African Resources, stands at £447.37 million as of 9 March2022. Pan African Resources plc’s shares closed at GBX 21.45, down by 7.54%, on 9 March 2022. Both the one-year return and the year-to-date return of the company were at 30.49% on 9 March 2022, respectively.

Wheaton Precious Metals Corp. (LON: WPM)

The market cap of the Canada-based mining firm, Wheaton Precious Metals Corp., stands at £17,110.29 million as of 9 March 2022. Wheaton Precious Metals Corp’s shares closed trading at GBX 3,635.00, down by 4.22%, on 9 March 2022. The company has given one-year return of 39.33% to its shareholders, while its year-to-date return stands at 15.28% as of 9 March 2022.

Endeavour Mining plc (LON: EDV)

The market cap of the FTSE250 component, Endeavour Mining plc, stands at £5,207.45 million as of 9 March 2022. Endeavour Mining plc’s shares closed at GBX 1,945.00, down by 6.94%, on 9 March 2022. The company got listed on the LSE in June 2021 and its year-to-date return stands at 17.37% as of 9 March 2022.

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Centamin plc (LON: CEY)

The market cap of the FTSE250 component, Centamin plc, stands at £1,269.20 million as of 9 March 2022. Centamin plc’s shares were trading at GBX 99.24, down by 9.58%, on 9 March 2022. The company has provided its shareholders with a return of 13.88% on a year-to-date basis as of 9 March 2022, however, its one-year return has been negative standing at -5.07%.

5 UK gold stocks to buy amid rising gold prices

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Shanta Gold Ltd (LON: SHG)

The market cap of the AIM-listed company, Shanta Gold Ltd, stands at £97.99 million as of 9 March 2022. Shanta Gold Ltd’s shares were trading at GBX 9.25, down by 1.07%, on 9 March 2022. The company has provided its shareholders with a return of 15.76% on a year-to-date basis as of 9 March 2022, however its one-year return has been negative standing at -25.10%.

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