Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Three Gold Miners Poised for More Upside

Stock MarketsApr 22, 2021 06:31PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Three Gold Miners Poised for More Upside

Gold Miners have finally started to turn around as Treasury yields have finally started to reverse. Taylor Dart identifies 3 gold miners that investors should consider buying.The relentless selling pressure in the Gold Miners Index (GDX (NYSE:GDX)) has finally come to an end in April, with the index turning up sharply and erasing its year-to-date decline. This incredible recovery has occurred despite the fact that gold (GLD (NYSE:GLD)) remains in negative territory for the year, suggesting that we could see a large rally ahead for miners if gold can regain its momentum. While many investors are likely nervous about jumping in miners here after a 3-week rally, it’s important to note that many miners are still very reasonably valued, and there are a select few that look like solid buy-the-dip candidates. We’ll take a look at three of these names below, highlighting what makes them special amongst their peers:

(Source: TC2000.com)

The safest way to gain leverage to the price of gold is the GDX, but with several names unable to post positive returns over a 2-year, 5-year, and 10-year basis, many laggards often drag down the index and weigh on its performance. This means that for those willing to do their research or select the top-tier names, one can gain leverage on the index without having ones’ performance partially tied to the serial underperformers within the group. In this update, we’ll look at three stand-out names with exceptional business models, pay competitive dividend yields, and have mines in predominantly safe jurisdictions. These three companies are Newmont (NEM), SSR Mining (NASDAQ:SSRM), and Alamos Gold (NYSE:AGI), with two being intermediate producers (400,000 plus ounces of production per annum) and one being the largest producer in the world. Let’s take a closer look at each name below:

Continue reading on StockNews

Three Gold Miners Poised for More Upside
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email