As you already know, gold stocks were one of the biggest gaining assets of 2020 for investing. The pandemic tanked the economy and caused gold assets to greatly increase in value. Investors turned to gold as a positive investment when the dollar was slipping. This resulted in many early investors in 2020 to make a lot of profit if they held on to assets in 2020. But what is happening with gold stocks in 2021? Recently, the U.S. Labor Department released another report that put jobless claims numbers at 745,000. This was a sign that unemployment seems to be continuing despite falling COVID cases at the moment. But still, gold prices are hanging on. For a while analysts didn’t think gold could fall below 1,800 per ounce as it had stayed there for so long.
Now it’s the same conversation but with $1,700 per ounce. At the moment, nobody truly knows the direction that gold stocks are going to move in. Yet there are still many great gold stocks to watch in the market at the moment. Tons of mining stocks have reached new record highs or close in the last year. This is after the price of gold itself reached above $2,000 per ounce in 2020 for a new record high. 2021 will likely be a game changing year for gold, whether its good or bad. As the year progresses we will see which direction gold is headed. Anything can happen in the market right now, as proven with the recent Reddit retail trading activity. Let’s now take a look at the top gold stocks to watch in March 2021 so far.Top Gold Stocks To Buy Or Sell
- Vista Gold Corp. (NYSE: VGZ)
- Tanzanian Gold Corporation (NYSE: TRX)
- Kinross Gold Corporation (NYSE: KGC)
- Seabridge Gold Inc. (NYSE: SA)
First up on this list of gold stocks to watch is Vista Gold Corp. Vista is a mining corporation that engages in a variety of activities. The company will evaluate, acquire, explore, and advance various gold exploration and development projects. The largest amount of its assets are located in Australia. Its main project is the Mt Todd gold project owned 100% by the company. Let’s look at Vista’s recent performance in the market.
The company announced its financial results on February 26th, 2021. Frederick H. Earnest the President and CEO of Vista said, “Vista is a mining corporation that engages in a variety of activities. The company will evaluate, acquire, explore, and advance various gold exploration and development projects. The largest amount of its assets are located in Australia. Its main project is the Mt Todd gold project owned 100% by the company.” This gold stock will be interesting to watch in 2021 as the market changes.Tanzanian Gold Corporation
Now let’s talk about Tanzanian Gold Corporation.Tanzanian Gold will explore and develop mineral properties in the United Republic of Tanzania. Its primary objective is to explore for gold deposits. It has interest in the Buckreef gold project, Kigosi project, and the Itetemia gold project. Now let’s have a look at what this gold company has been up to lately.
On March 4th the company announced senior management changes for its Buckreef Gold Project. The project has appointed new acting general managers. If you are curious why these changes occurred, the CEO of the company said this about the matter, “Changes to the Board of Directors at Buckreef are necessary in order to fully align the Company’s interests in Buckreef with the new vision for the Company being implemented by the new executive management at TanGold.” TRX stock is a potential gold penny stock to watch for its increases in the market.Kinross Gold Corporation
The next gold stock to watch is Kinross Gold Corporation. The company is a mining based corporation that actively explores for land, acquires it, and develops gold properties on said land. It operates its business in the United States, Canada, Russia, Brazil, Chile, Ghana, and Mauritania. Kinross extracts and processes gold ore to produce and sell it afterwards. Let’s see its recent market performance.
On February 10th the company provided updates on its development projects and its full year 2020 exploration results. J. Paul Rollinson, the President and CEO made these comments about its developments, “In 2020, we made excellent progress advancing our high-quality and diversified project pipeline and added 5.7 million gold ounces to our mineral reserve estimates after depletion. We extended mine life at Chirano by three years, and by one year at Kupol and Paracatu, and we continue to focus on opportunities for further mine life extensions.” This gold stock has nearly doubled in price in the last year. So it is no surprise that it is a potential gold stock to watch.Seabridge Gold Inc.
The final gold stock to watch is Seabridge Gold Inc. Seabridge is an acquisition and exploration gold company that explores for copper and silver ore as well. Its main projects include its 100% owned Kerr-Sulphurets-Mitchell property located in Canada. It also has the Courageous Lake property in Northwest Canada as well. Let’s see what its recent updates and market performance are like.
But if the gold market changes it could be negatively affected. Currently SA stock has a higher volume than its average. Recently Seabridge has announced at the market offerings, new presentations, and new bought deals. It will be interesting to see how the company progresses from here.