KL - Top Mining Stocks To Watch This Week But Are They A Buy?
These Mining Stocks Could Gain Next Month
So far, 2021 has been quite an interesting year for mining stocks . When January 4 th came around and the market opened for the first time, things looked good. Most mining stocks saw a big spike on this day leading many to believe it will be a great year for mining stocks. But mining assets have actually pulled back a bit this year, so why is this happening? Well, COVID cases are rapidly declining at the moment. As a result, more reopening and economy recovery is occurring. But minerals like gold and silver have still been able to keep high prices even though not record highs in 2021. This is because of a few factors. Unemployment is still at extreme highs despite the covid numbers dropping in the United States. This means that many are still not ready to return to the world normal at the moment.
For this reason metals have been able to remain higher in the market. There are many other types of mining assets to invest in, not just gold stocks and silver stocks . For example, there are also lithium stocks . This has been one of the most profitable mining stock sectors if you invested early. In the last year these assets exploded in value because of electric vehicles usage of lithium ion batteries. Copper stocks are also changing in price as a result of increased price and demand as well. Copper also has ties to electric vehicles which helps copper stocks perform in the market. No matter where you turn there are many varieties of mining stocks to potentially invest in. Let’s take a look at four mining stocks that show high performance and could potentially rise in the market.
Top Mining Stocks To Buy Or Sell Before April
- AngloGold Ashanti Limited ( NYSE: AU )
- Kirkland Lake Gold Ltd. ( NYSE: KL )
- Gold Fields Limited ( NYSE: GFI )
- Pretium Resources Inc. ( NYSE: PVG )
AngloGold Ashanti Limited
The first mining stock to watch is AngloGold Ashanti Limited. AngloGold Ashanti is a gold mining company that produces gold, silver, uranium, and sulpheric acid. It currently operates 14 mines and three projects, located in nine countries around the world. This includes the Americas, South Africa, Continental Africa, and Australia. Let’s see how this mining stock is performing before April 2021 comes around.
On March 11 th the company began trading on ex-dividend. A Cash dividend payment of $0.384 per share will be paid by April 5 th , 2021. Over its previous dividend payment, this is a 412% increase. AU stock has had its fair share of ups and downs in the last month. Overall in the last 28 days AU stock is up about $1 in the market. Although it is down $2 a share from just 5 days ago. It will be interesting to see what direction AU stock moves in the future. AU stock is up 16.6% in the last year.
Kirkland Lake Gold Ltd.
Next on this mining stock list arrives Kirkland Lake Gold Ltd. Kirkland Lake is a gold mining company with a primary focus on acquiring, exploring, and operating different properties. These properties include the Fosterville Mine, Macassa Mine, and more. Most of its property is located in Australia and Canada. The company currently has an agreement with Newmont Corporation to explore its regional exploration opportunities on some properties. Let’s look at Kirkland Lake’s performance before April.
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On March 18 th , the company declared its quarterly dividend payment. It is for $0.1875 per common share payable on April 14 th , 2021. The dividend will be paid to shareholders on record as of March 31 st . In other news the company reported new wide high grade intersections in Saddle Zone. The Detour Lake property had proven success for the company in the past. It also confirmed continuity of mineralization between main and west pits. The President and CEO Tony Makuch said, “With today’s results, we are increasingly confident that a large continuous deposit is situated along the Detour Mine Trend (“DMT”) that extends from the Main Pit, through the Saddle Zone and continues beyond the West Pit location.”
Gold Fields Limited
Gold Fields is a mining business that offers and produces resources and reserves. Its assets are in Chile, South Africa, Australia, Ghana, and Peru. It presently has 9 mines with yearly gold equivalent production of 2.2 million ounces. Gold Fields holds gold mineral reserves of 51.3 million ounces and mineral resources of 115.7 million ounces. It has copper reserves of 616 million pounds and mineral resources totaling 882 million pounds. Let’s check out its performance this year before next month comes.
The company’s recent results for 2020 were released. It had profit of $879 million vs $343 million the previous year. This is a difference of $1 per share from $0.42 per share. Gold Fields was recently given approval for a 40 megawatt solar plant at South Deep in South Africa. It will help with 20% of south deep mine’s electricity needs, and try to stop power outages to save operational losses. The CEO of Gold Fields Nick Holland said, “The solar power plant will increase the reliability and afford-ability of power supply to South Deep, ultimately enhancing the long-term sustainability of the mine.” That is the latest that has come from Gold Fields Limited.
Pretium Resources Inc.
The final company on this list of mining stocks is Pretium Resources Inc. Pretium Resources is a mining company that acquires, explores for, and develops precious metal resource properties. Its operations take place in both North America and South America. Primarily, Pretium looks for gold, silver, and copper deposits. Its main project is located in British Columbia, at the Brucejack project. Let’s dive right into its recent market performance.
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It recently released all of its 2020 operating and financial results. This announcement showed that Pretium achieved its guidance. It also had a record high free cash flow for the company. As a result of this, Pretium was able to lower its debt significantly. Its total revenue for 2020 was $369.2 million. PVG stock price has gone up as a result of these positive announcements.