Top Gold Stocks for March 2022 | Global Online Money

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Gold has lengthy been considered a protected haven in instances of market turmoil. Many traders have gained publicity to the dear metallic by shopping for shares of corporations engaged in exploration and mining. A few of the main gamers within the gold business embrace Canada-based Franco-Nevada Corp. (FNV), Newmont Corp. (NEM), and Australia-based Newcrest Mining Ltd. (NCM).

Gold shares, as represented by the VanEck Gold Miners ETF (GDX), have underperformed the broader market over the previous yr because the U.S. financial system and different economies have begun to recuperate amid the worldwide pandemic. GDX has offered a complete return of 5.7% over the previous 12 months, beneath the 7.5% complete return of the Russell 1000 Index. These market efficiency numbers and all statistics within the worth and progress tables beneath are as of Feb. 23, 2022. The statistics for the person shares within the momentum desk are as of Feb. 25, 2022.

Listed here are the highest 5 gold shares with the perfect worth, quickest progress, and most momentum.

Worth investing is a factor-based investing technique that includes choosing shares that you just consider are buying and selling for lower than what they’re intrinsically value, normally by measuring the ratio of the inventory’s value to a number of basic enterprise metrics. A extensively accepted worth metric is the price-to-earnings (P/E) ratio. Worth traders consider that if a enterprise is affordable in comparison with its intrinsic worth, as measured by its P/E ratio on this case, then the inventory value might rise sooner than that of others as the value comes again in keeping with the price of the corporate. These are the shares with the bottom 12-month trailing P/E ratio.

Greatest Worth Gold Shares
	Value ($)	Market Cap ($B)	12-Month Trailing P/E Ratio
Equinox Gold Corp. (EQX)	6.67	2.0	4.4
Torex Gold Assets Inc. (TXG.TO)	CA$15.96	CA$1.4	4.5
Calibre Mining Corp. (CXBMF)	1.04	0.4	5.5
Dundee Treasured Metals Inc. (DPM.TO)	CA$7.57	CA$1.4	5.5
Argonaut Gold Inc. (AR.TO)	CA$2.31	CA$0.7	6.6

^{Supply: YCharts}

Equinox Gold Corp.: Equinox Gold is a Canada-based, multi-asset mining firm that operates solely throughout the Americas. The corporate has seven working gold mines all through Canada, the U.S., Mexico, and Brazil. It’s poised to attain annual gold manufacturing of over a million ounces.
Torex Gold Assets Inc.: Torex Gold Assets is a Canada-based intermediate gold producer. It engages within the exploration, improvement, and operation of its 100%-owned Morelos Gold Property, which consists of 29,000 hectares within the Guerrero Gold Belt in Mexico. The corporate’s principal property embrace the El Limón Guajes Mine Advanced, composed of open pit and underground mines in addition to a processing plant; and the Media Luna mission, an advanced-stage improvement mission. Torex additionally has shares that commerce over-the-counter (OTC) within the U.S. beneath the ticker image TORXF.
Calibre Mining Corp.: Calibre Mining is a Canada-based, multi-asset gold producer with operations in North and South America. The corporate operates a number of producing gold mines in Nicaragua: El Limόn, which covers an space of 12,000 hectares; La Libertad, which covers roughly 10,937 hectares; and Pavon, overlaying 31.5 sq. kilometers. It additionally operates the Pan Gold Mine, positioned in Nevada. Calibre Mining introduced in mid-January that it has accomplished its acquisition of Fiore Gold Ltd., together with Fiore’s working Pan Gold Mine, the adjoining advanced-stage Gold Rock Mission, and the Golden Eagle mission in Washington State. The corporate introduced plans to amass Fiore Gold by way of a stock-and-cash transaction in late October 2021.

Dundee Treasured Metals Inc.: Dundee Treasured Metals is a Canada-based worldwide mining firm engaged within the acquisition, exploration, improvement, mining, and processing of treasured metallic properties. The corporate owns three principal subsidiaries: Chelopech, which owns and operates a gold, copper, and silver mine in Bulgaria; Krumovgrad, which is creating a gold property in Bulgaria; and Tsumeb, which owns and operates the corporate’s focus processing facility in Namibia. Dundee Treasured Metals additionally has shares that commerce OTC within the U.S. beneath the ticker image DPMLF. The corporate just lately introduced that its board of administrators has declared a primary quarter dividend of $0.04 per frequent share. The dividend, which is payable on April 18, 2022 to shareholders of document as of March 31, 2022, represents a 33% improve to the corporate’s quarterly dividend.
Argonaut Gold Inc.: Argonaut Gold is a Canada-based gold firm engaged within the exploration, improvement, and manufacturing of gold. Its main property embrace the Mexico-based El Castillo Advanced, comprised of the El Castillo and San Agustin mines; the La Colorada mine, additionally positioned in Mexico; and the Florida Canyon mine within the U.S. The corporate’s superior exploration initiatives embrace the Cerro del Gallo and the Magino mission in Canada, and quite a few different initiatives all through North America. Argonaut Gold additionally has shares that commerce OTC within the U.S. beneath the ticker image ARNGF.

These are the highest gold shares as ranked by a progress mannequin that scores corporations based mostly on a 50/50 weighting of their most up-to-date quarterly YOY share income progress and most up-to-date quarterly YOY earnings-per-share (EPS) progress. Each gross sales and earnings are essential elements within the success of an organization. Subsequently, rating corporations by just one progress metric makes a rating prone to the accounting anomalies of that quarter (akin to adjustments in tax legislation or restructuring prices) that will make one determine or the opposite unrepresentative of the enterprise normally. Corporations with quarterly EPS or income progress of greater than 2,500% have been excluded as outliers.

Quickest Rising Gold Shares
	Value ($)	Market Cap ($B)	EPS Progress (%)	Income Progress (%)
Lundin Gold Inc. (LUG.TO)	CA$9.98	CA$2.3	89.1	51.7
AngloGold Ashanti Ltd. (AU)	22.81	9.5	153.3	17.8
Victoria Gold Corp. (VGCX.TO)	CA$16.06	CA$1.0	54.8	48.5
Endeavour Mining PLC (EDV.TO)	CA$32.40	CA$8.0	33.0	50.4
SSR Mining Inc. (SSRM)	19.86	4.2	36.8	43.2

^{Supply: YCharts}

Lundin Gold Inc.: Lundin Gold is a Canada-based mining firm. It owns the underground Fruta del Norte gold mine in southeast Ecuador, a multimillion-ounce, high-grade gold asset. Preliminary gold manufacturing on the mine started in November 2019, and the corporate expects to provide a median of 340,000 ounces of gold per yr. The corporate additionally has shares that commerce OTC within the U.S. beneath the ticker FTMNF. Lundin Gold just lately introduced monetary outcomes for This fall of its 2021 fiscal yr (FY), the three-month interval ended Dec. 31, 2021. The corporate reported web earnings of $28.8 million, a big turnaround from the web lack of $1.2 million reported within the year-ago quarter. Internet revenues fell 1.5% YOY.
AngloGold Ashanti Ltd.: AngloGold Ashanti is a South Africa-based gold mining firm with operations, initiatives, and exploration actions spanning 9 nations. The corporate additionally produces silver and sulfuric acid as byproducts in South America. It’s the third-largest gold producer globally and the highest producer in Africa. The corporate employs practically 37,000 folks. AngloGold just lately introduced that Chief Monetary Officer (CFO) Christine Ramon will retire on the finish of June 2022. The corporate mentioned that it will start the seek for a brand new CFO.

Victoria Gold Corp.: Victoria Gold is a Canada-based mineral exploration firm. It’s engaged within the operation, exploration, and acquisition of mineral properties. The corporate owns the Dublin Gulch gold property positioned in northern Canada. The corporate’s Eagle Gold Mine and Olive Gold Deposits, which collectively embrace confirmed and possible reserves of three.3 million ounces of gold, are positioned on the property. Victoria Gold additionally has shares that commerce OTC within the U.S. beneath the ticker VITFF.
Endeavour Mining PLC: Endeavour Mining is a world gold producer with headquarters within the Cayman Islands. The corporate is the most important gold producer in West Africa. It operates seven producing property, together with the Houndé mine, Boungou mine, Mana mine, Karma mine, and Wahngion in Burkina Faso; the Ity mine in Côte d’Ivoire; and Sabodala-Massawa in Senegal. The corporate additionally has shares that commerce OTC within the U.S. beneath the ticker EDVMF.
SSR Mining Inc.: SSR Mining is a Canada-based intermediate gold mining firm that operates 4 producing property positioned within the U.S., Turkey, Canada, and Argentina, in addition to improvement and exploration property within the U.S., Turkey, Mexico, Peru, and Canada. The corporate’s 4 working property produced greater than 711,000 ounces of gold in 2020. SSR Mining introduced in mid-January that it has agreed to promote its Pitarrilla mission in Mexico to Endeavour Silver Corp. for as much as $127 million. The transaction is anticipated to shut within the first half of 2022.

Momentum investing is a factor-based investing technique that includes investing in a inventory whose value has risen sooner than the market as an entire. Momentum traders consider that shares which have outperformed the market will typically proceed to take action as a result of the elements that brought on them to outperform won’t all of the sudden disappear. As well as, different traders, looking for to profit from the inventory’s outperformance, will typically buy the inventory, additional bidding its value greater and pushing the inventory greater nonetheless. These are the shares that had the very best complete return over the previous 12 months.

Gold Shares With the Most Momentum
	Value ($)	Market Cap ($B)	12-Month Trailing Whole Return (%)
New Discovered Gold Corp. (NFG.V)	CA$8.05	CA$1.3	114.1
Wesdome Gold Mines Ltd. (WDO.TO)	CA$14.38	CA$2.0	65.3
Karora Assets Inc. (KRR.TO)	CA$5.13	CA$0.8	60.8
Gold Fields Ltd. (GFI)	13.27	11.8	56.3
Perseus Mining Ltd. (PRU.TO)	CA$1.55	CA$1.9	42.4
Russell 1000 Index	N/A	N/A	7.5
VanEck Gold Miners ETF (GDX)	N/A	N/A	5.7

^{Supply: YCharts}

New Discovered Gold Corp.: New Discovered Gold is a Canada-based mineral exploration firm engaged within the acquisition, exploration, and analysis of useful resource properties. It’s primarily targeted on gold properties positioned within the Canadian provinces of Newfoundland and Labrador, and Ontario. The corporate is concentrated on advancing its 100%-owned Queensway gold mission in Newfoundland. New Discovered Gold additionally has shares that commerce within the U.S. on the NYSE Arca beneath the ticker NFGC.
Wesdome Gold Mines Ltd.: Wesdome Gold Mines is a Canada-based, mid-tier gold mining firm with operations within the Canadian provinces of Ontario and Quebec. It operates the Eagle River Underground Mine in Ontario and can be actively exploring its Kiena Advanced, positioned in Quebec. Wesdome goals to provide greater than 200,000 ounces from its two mining complexes. The corporate additionally has shares that commerce OTC within the U.S. beneath the ticker WDOFF.
Karora Assets Inc.: Karora Assets is a Canada-based, multi-asset mineral useful resource firm primarily targeted on the acquisition, exploration, analysis, and improvement of treasured metallic properties. The corporate’s main gold-producing operations are its Beta Hunt Mine, the Higginsville Gold Operations, and Spargos Gold Mine. All three operations are positioned in Australia alongside the Norseman-Wiluna Greenstone Belt. Karora Assets additionally has shares that commerce OTC within the U.S. beneath the ticker KRRGF.

Gold Fields Ltd.: Gold Fields is a South Africa-based gold mining firm. It has 9 working mines positioned in Australia, Peru, South Africa, and West Africa. The corporate additionally has a mission in Chile. Gold Fields has mineral reserves of roughly 52.3 million ounces of gold. It produced roughly 2.3 million ounces of gold in 2021.
Perseus Mining Ltd.: Perseus Mining is an Australia-based gold producer. The corporate at present has two gold mines in operation: the Edikan Gold Mine in Ghana, which has produced about 1.8 million ounces of gold because it started business manufacturing in 2012; and the Sissingué Gold Mine in Côte d’Ivoire, which opened in January 2018. It just lately accomplished the development of its third mine, the Yaouré Gold Mine, and can start business manufacturing in March 2021. Perseus Mining additionally has shares that commerce OTC within the U.S. beneath the ticker PMNXF.

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