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FX.co ★ Top 5 gold shares that may bring salvation to investors

Top 5 gold shares that may bring salvation to investors

In the light of the existing global tension, including geopolitical issues and a high risk of a recession, gold remains a time-proved safe-haven asset. Investors continue buying gold in an attempt to save their funds and expecting to receive profit in the foreseeable future. Experts have selected the top 5 gold mining companies whose shares are likely to skyrocket

Top 5 gold shares that may bring salvation to investors

Barrick Gold Corporation

Barrick Gold Corporation opens the list of the top 5 most promising companies. Recently, the company’s shares have been under pressure. As a result, their price dropped by 40%. Experts suppose that shares of Barrick Gold are underestimated since their fair price is 15% higher compared to the current one. This year, the dividend yield of the gold miner's stocks may total 2.4%.

Top 5 gold shares that may bring salvation to investors

Sibanye-Stillwater Limited

Sibanye-Stillwater Limited is the second largest mining company on the list. This year, its shares have tumbled by 55% from recent highs. At the moment, the share price is hovering near the support level and is ready to jump. According to preliminary estimates, this year, the dividend yield of the company may reach a stunning 10.51%.

Top 5 gold shares that may bring salvation to investors

B2Gold Corporation

The third place goes to B2Gold Corporation, a Canadian conglomerate that unites several firms. In 2022, the company’s stocks have tumbled by 55% to a significant support level. Analysts think that the share price is slightly above its fair level. Notably, the company’s dividend yield stands at 4.59% per annum.

Top 5 gold shares that may bring salvation to investors

Agnico Eagle Mines Limited

Agnico Eagle Mines Limited takes fourth place among the most promising gold mining companies. It is a large Canadian firm, which offers a full spectrum of works from research and development of mines to metal fabrication. In 2022, stocks of the gold producer have declined by 50% from their highest levels to settle near a strong support level. Analysts suppose that the current share price is quite fair. Notably, the size of the company's dividends is 3.46% per annum.

Top 5 gold shares that may bring salvation to investors

Kinross Gold Corporation

Kinross Gold Corporation closes the list of the most feasible gold companies. It is a conglomerate that also offers a full range of works, including mining and production of various gold items. This year, its share price reached a local high, but then collapsed by a whopping 68%. However, a bit later, it managed to recover. Now, the company’s shares are trading at a strong support level. The existing price is 40% below the fair one. This means that investments in this company could be highly profitable. The dividend yield of the company totals 3.48%.

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