The commodities sector is a hot one right now, and many advisory services are putting up gold stocks lists. If you’re new to the sector or working on balancing your portfolio, gold stocks should definitely be on your radar.
As you look at the top gold stocks out there, remember there are several different types of gold stocks to consider. This includes gold mining companies, brokers, royalty or streaming companies and more. The type of company you hold shares in plays a role in your exposure to commodities. So it’s good to consider each type of company and its operations before investing.
The Best Gold Stocks List for 2020
What are the most popular gold stocks in 2020? We’ve compiled a list of gold stocks that represent all types of companies within the commodities industry. Each have a proven record for success and a bright future ahead of them. Here are the seven best gold companies to invest in this year:
Franco-Nevada Corp. (NYSE: FNV)
Wheaton Precious Metals Corp. (NYSE: WPM)
Kirkland Lake Gold Ltd. (NYSE: KL)
Barrick Gold (NYSE: GOLD)
Agnico Eagle Mines (NYSE: AEM)
Eldorado Gold Corp. (NYSE: EGO)
Newmont Corp. (NYSE: NEM)
Franco-Nevada Corp. owns royalties and streams in gold mining and other commodity and natural resources, making it a safe investment for people who want gold exposure in their portfolio. The company has been a paragon of stability over the last five years, sustaining a CAGR of 23% since 2015. With a P/E ratio of 120, it’s one of the more expensive plays in this sector. But, it might be worth the price for the stability alone.
Wheaton Precious Metals Corp.
Wheaton Precious Metals Corp. is more of a silver company than a gold mining stock, but it has a presence in the gold market. The company has done well over the last five years. But 2020 has been especially kind to the stock, with gains of 75% YTD! With a market cap of just over $21B, this company is a large cap player that will shine in any portfolio—especially as a play to diversify into commodities.
Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a gold mining company with several profitable mines throughout Canada and Australia. And it stands out as a shining star on this gold stocks list. Despite dipping earlier in 2020, the stock has rebounded and gained in the last six months, showing strong indicators of growth in the future to come. It’s one to watch as more institutional investors throw their weight behind the company.
With the ticker symbol “GOLD,” it’s immediately clear that Barrick Gold is a reputable player in this industry. With 16 operating sites in 13 countries, this is about as global of an investment as you could want in your portfolio. The company is up nearly 50% in 2020 alone — an impressive feat for a company with a market cap of nearly $50B. The company’s reputability and …read more
Source:: Investment You