The worst of the pandemic-driven recession seems to be behind us and while gold is a safe way to grow your portfolio during tough times, with the threat now of inflation, gold and gold stocks are typically used to protect from its damaging impact. If you’re seeking protection or are planning investments for 2022, you’ve come to the right place!
With the price of gold currently at close to $2,000 and experts predicting further growth, it’s not hard to see why there’s so much interest in precious.
For readers who don’t fancy handling physical blocks, gold stocks are probably the best option.
What you can do is hold a core investment in some or more of the stocks listed below. Around that core position, you can apply swing trading strategies to take advantage of some of the swings in the larger upwards trend.
Below, I’ll outline 19 gold stocks with an excellent track record or future growth potential. I can’t predict the future, but I can look at the expert forecasts, data available, and average increases and decreases of the stocks over time.
I’ve also included the stock exchange names in parenthesis.
While these are the best gold stocks to buy right now, make sure you do your research and have done your reading first.
Barrick Gold (NYSE: GOLD)
Barrick Gold is the second-largest gold mining company in the world, with deep roots in the copper mining industry. A promising place to start.
Although the Canadian firm experienced some trouble in the last 3 or 4 years, it’s since experienced steady growth. The stock peaked at $25 in 2021 and now seems to have found support Especially over the last few months!
If you’re looking for a safe bet, this could be the right stock for you.
The slight but steady increase means a significant dip is relatively unlikely. With the price currently approaching $30, it seems best to get involved sooner rather than later.
Franco-Nevada (NYSE: FNV)
Franco-Nevada is another Canadian corporation, but it has a less tumultuous past than Barrick Gold. Although the company focuses on gold, it also has investments in oil and other natural resources.
This diversification gives investors a safety net when and if gold takes a hit, as other assets can keep the company afloat.
In 2013, Franco-Nevada experienced its most significant drop in earnings per share, but even this was only a drop of 35 cents.
Since then, the stock price has always followed a healthy upward trajectory, with a 2.5% increase in its earnings per share (currently around $2.25). Don’t take what I think as gospel, but there’s a good chance that Franco-Nevada will keep increasing its stock price over the next few years.
Agnico Eagle Mines (NYSE: AEM)
Agnico Eagle Mines is a Toronto-based gold producer, but it also mines copper, lead, silver, and zinc.
Despite its industry, Angnico hasn’t been immune to the effects of COVID-19; in March and April 2020, it experienced some drastic fluctuations. It fell to a low of just over $30 and then later that year it tripled in price to just under $90.
Since then, price has retreated, trending down to around $50, but despite the volatility, I’d say this is a smart investment that could see a decent payoff at the end of the year. Of course, do your own research first!
Amarillo Gold Corp. (TSXV: AGC)
Amarillo Gold is one of the smaller companies on this list with a stock price well under one Canadian Dollar.
Does that mean there’s room for growth? Possibly.
Since April 2020, the stock price has steadily risen from 8 to 20 cents in one month.
Analysts predict it could reach 40 cents by the year-end. Amarillo Gold Corp may be a riskier investment than other gold stocks on this list, but with greater risk comes greater rewards.
Bravada Gold (TSXV: BVA)
Into penny stocks?
You might be interested in Bravada Gold. The Vancouver firm is a well-established player in the gold industry, and it also explores other precious metals.
A small investment could earn you a decent payoff here.
Besides, the stock price has more than recovered from the COVID-19 pandemic.
The stock is projected to experience fluctuations with a trajectory of overall growth for the next few weeks.
However, analysts are lukewarm on the longer-term potential. Proceed with caution.
Royal Gold (NYSE: RGLD)
One of the top five companies in the gold sector is Royal Gold, a Colorado-based firm that deserves its regal name.
The Royal Gold stock price is one of the highest on this list, and its gold, silver, copper, lead, and zinc mines span 20 countries.
The stock’s current price is hovering around the $100 mark, making it a substantial investment.
However, it’s an attractive investment for those wanting a reliable stock with the potential for large profits.
Newmont Mining Corp. (NYSE: NEM)
Another Colorado company, Newmont Mining Corp is set for an upward trend over the next 12 months.
Since the start of the year, its stock price has increased by $14, indicating its strong potential. Further growth seems likely.
Hailing from Vancouver, Wheaton Precious Metals is a middleweight in the land of gold stock prices.
Wheaton has experienced a $13 increase since the start of the year, and analysts predict an $11 increase from its current price of around $40. In terms of risk, it falls somewhere in the middle.
Kirkland Lake Gold’s mines are in both Canada and Australia, giving its assets some diversification.
The Toronto company was hit hard by the pandemic in March and April, but its stock price has since rocketed up.
Does this mean it’s a good idea to invest? Not necessarily.
Most analysts are neutral about the prospects for growth, with year-end projections of roughly the current price. Still, it’s worth considering.
Pan American Silver might be named after a different precious metal, but it still has significant gold resources and investment.
When Covid first hit, the stock price plummeted down, but it’s since recovered. The stock price’s 2020 peak was previously in the lower 20s, but it’s now approaching 40. Not a bad recovery!
The stock could increase or decrease mildly over the next year, but judging by its average line, there may be a slow decline over the next year. T
hat doesn’t mean you shouldn’t invest, but avoid pouring your money in during a strong upward spike.
Caledonia Mining Corp has had a wild ride recently.
After soaring beyond its previous 2020 benchmark a few weeks ago, it’s now crashing down again.
Overall, its stock price is on the lower end of the price scale, falling in the lower twenties range.
The forecast is murky, and it’s hard to predict what’s coming next. However, if you don’t mind taking on some risk, now could be a good time to buy. It’s also a great opportunity for daytraders to make a profit.
First Majestic Silver Corp faces similar projections to the Pan American Silver Corp, which is helpful considering their names are confusingly similar.
Both have stock prices that could increase or decrease by $10 this year.
First Majestic Silver Corp could end up in the $13 USD range on a good year, or the $7 USD range on a bad one.
Much like Pan American Silver, First Majestic Silver owns more than just silver mines; gold makes up around half of the mining resources collected.
Osisko Gold Royalties is located in Montreal, a breath of fresh air after so many Vancouver and Toronto companies. It collects royalties from gold, silver, and even diamond mines.
The stock price has recently passed $10 and looks like a good investment, especially considering its involvement in diamond royalties.
The diversification across various precious metals seems promising.
Kinross Gold Corp has surpassed its 2020 high point after a dip caused in March.
Now, projections point toward further gains.
On average, predictions point toward the stock at experiencing an increase of 27%; higher predictions point toward increases of 59%. This seems like a good opportunity to buy while the stock price remains below $10.
Alacer Gold Corp has seen success in the face of the pandemic.
The Colorado company’s stock is currently approaching the $8 mark after recovering from the depths of the $2 spot it held during the crash.
The price is now the highest it’s been in the last five years, and further increases are expected.
Buying in now and selling when the stock reaches around $10 seems like a smart decision.
Another Vancouver company reaching the highest point in recent years is SSR Mining inc.
As the previous name Silver Standard Resources suggests, the company has business in both gold and silver.
This stock might just be the best investment on the list. With a percentage decrease prediction of only 3% over the next year, it seems like an obvious buy for an all-but-guaranteed profit next year.
Its stock is on its way to entering in the $200 range; by the end of the year, it could more than double.
Liberty Gold Corp offers a potential bargain for investors.
Now the stock price has surpassed $1, it’s predicted to reach its highest point in the last five years. However, with the price at such a high point now, sustained increases may not be possible.
B2Gold Corp is an MVP, and its stock is currently at its all-time high since creation. An impressive feat considering the company incorporated in 2007.
The stock of the Vancouver company is currently reaching $7.
Over the next year, experts predict a loss of just 1%. Along with SSR Mining Inc, the stock is a must-buy if you want an end-of-the-year payout with minuscule risk.
Topping its record since its incorporation and only projected to go higher, B2Gold Corp is a dream come true for gold stock investors.
Fortuna Silver Mines owns mines of gold, lead, and zinc alike. After increasing in value since 2019, its forecast is looking slow but sunny over the next year.
The margin for loss is around 13%, but the average calculation points to 7% growth, making this a low-stress investment that will slowly but surely increase. If you’re prepared to be patient, it’s worth considering.
Are gold stocks a good investment?
Many people like to invest in gold because its value remains stable over time. In contrast, assets like company stocks and real estate tend to fluctuate over time, so gold is an attractive option for anyone who wants to take on less risk. However, if you buy gold stocks at a high point and need to sell when the value decreases, you could still lose money.
What causes gold stocks to rise?
Gold stocks are a “safe haven” investment, meaning their value typically rises when uncertainty is high. Economic crises are a perfect example.
Will gold stocks rise in a recession?
Historically, the prices of gold stocks have risen during a recession. The economic instability makes investors turn to safe havens like gold.
Which gold stocks are best?
To choose the right gold stocks to invest in, it’s best to carry out your own research and make a decision based on your preferences for risk and returns. Both SSR Mining Inc and B2Gold are great places to start.
All the gold stocks listed above look like promising investments as we approach a period of uncertainty and a potential investment.
It should go without saying, but investment carries risks. Even a “safe” investment like gold stocks is guaranteed to make you money, especially as gold has already increased in value over the last few months.
Most experts are predicting further increases, but nobody knows for sure.
Always aim to buy low and sell high if you’re hoping to make gains.