Top 10 Gold Stocks That Could Significantly Impact Investors’ Wealth

Gold Price Performance

Gold has been an extremely important commodity historically, generally because it is considered to be one of the safest investment options out of all the major assets. It has generally been seen that even though there is no direct historical relationship between oil and gold prices, but the gold prices generally reflect the impact of the movement in the direction of the price of oil. Evidently, in the last one month, in the midst of the US Iran Conflict, as the oil prices began to rise, gold prices sharply rose too. On 14th January 2020, Gold prices were reported at £1190.07 per ounce, a sharp jump of 7.77 per cent or £85.82 per ounce in the last one month, from the price of £1104.25 per ounce at the close of market on 15th December 2019. This has also been a surge of 3.84 per cent or £44.02 per ounce, from the price of £1146.05 at the close of the market on New Year’s Day (1st January 2019). The surge in the gold prices has been impacting most of the gold stocks listed on the London stock exchange, out of which, we are going to discuss the ten most buzzing gold stocks on the FTSE- FRES, CEY, POG, PAF, TSG, TXP, HUM, GGP, SRB, AAU.

Gold Price Chart

(Source: Thomson Reuters) Daily Chart as on 14-January-20 after market hours

Fresnillo Plc

Fresnillo Plc (LON: FRES) is a holding company, whose subsidiaries are in the business of mining non-ferrous minerals such as gold, as well as marketing and selling the by-products of such minerals.

FRES Stock Price Performance

As on 15th January 2020, at 08:30 A.M GMT, at the time of writing, Fresnillo Plc’s stock price has been reportedly trading at GBX 617.60 per stock on the London Stock Exchange, a surge in the value of 1.41 per cent or GBX 8.60 per stock, as opposed to the last trading day’s closing price, which was reported at GBX 609.00 per stock. The market capitalisation (M-Cap) of the company was reported to be at GBP 4.487 billion in reference to the share price.

Centamin Plc

Centamin Plc (LON: CEY) is an extraction and exploration company based out of Jersey. The company’s primary asset through which it operates is Sukari Gold Mine, situated near the Eastern Desert in Africa.

CEY Stock Price Performance

As on 15th January 2020, at 08:35 A.M GMT, at the time of writing, Centamin Plc’s stock price has been reportedly trading at GBX 121.60 per stock on the London Stock Exchange, a surge in the value of 2.75 per cent or GBX 3.25 per stock, as opposed to the last trading day’s closing price, which was reported at GBX 118.35 per stock. The market capitalisation (M-Cap) of the company was reported to be at GBP 1.368 billion in reference to the share price.

Petropavlovsk Plc

Petropavlovsk Plc (LON: POG) is a UK based company that runs its gold mining operations through the assets it owns in Russia.

POG Stock Price Performance

As on 15th January 2020, at 08:40 A.M GMT, at the time of writing, Petropavlovsk Plc’s stock price has been reportedly trading at GBX 12.44 per stock on the London Stock Exchange, a surge in the value of 0.16 per cent or GBX 0.02 per stock, as opposed to the last trading day’s closing price, which was reported at GBX 12.42 per stock. The market capitalisation (M-Cap) of the company was reported to be at GBP 411.13 million in reference to the share price.

Pan African Resources Plc

Pan African Resources Plc (LON: PAF) is a Gold mining and extraction company based out of South Africa and has a yearly production capability of 170,000 pounds of gold.

PAF Stock Price Performance

As on 15th January 2020, at 08:45 A.M GMT, at the time of writing, Pan African Resources Plc’s stock price has been reportedly trading at GBX 11.48 per stock on the London Stock Exchange, a decline in the value of 0.17 per cent or GBX 0.02 per stock, as opposed to the last trading day’s closing price, which was reported at GBX 11.50 per stock. The market capitalisation (M-Cap) of the company was reported to be at GBP 221.76 million in reference to the share price.

Trans-Siberian Gold Plc

Trans-Siberian Gold Plc (LON: TSG) is a UK based resource company holding a mining assets portfolio in Russian Federation.

TSG Stock Price Performance

As on 15th January 2020, at 08:50 A.M GMT, at the time of writing, Trans-Siberian Gold Plc’s stock price has been reportedly trading at GBX 57.60 per stock on the London Stock Exchange, a decline of 1.54 per cent or GBX 0.90 per share, as opposed to the last trading day’s closing price which was reported to be at GBX 58.50 per share. The market capitalisation (M-Cap) of the company was reported to be at GBP 50.99 million in reference to the share price.

A comparative stock price chart of FRES, CEY, POG, PAF and TSG

(Source: Thomson Reuters) Daily Chart as on 15-January-20, prior to the closing of the London Stock Exchange

Touchstone Exploration Inc

Touchstone Exploration Inc (LON: TXP) is a Canada based exploration and extraction company that holds mining assets to extract a wide range of resources including metals and oil & gas.

TXP Stock Price Performance

As on 15th January 2020, at 08:55 A.M GMT, at the time of writing, Touchstone Exploration Inc’s stock price has been reportedly trading at GBX 20.95 per stock on the London Stock Exchange, no change in the price of the stock, as opposed to the last trading day’s closing price. The market capitalisation (M-Cap) of the company was reported to be at GBP 33.66 billion in reference to the share price.

Hummingbird Resources Plc

Hummingbird Resources Plc (LON: HUM) is a mining company with focus on gold mining through its assets located in Liberia and Mali.

HUM Stock Price Performance

As on 15th January 2020, at 09:00 A.M GMT, at the time of writing, Hummingbird Resources Plc’s stock price has been reportedly trading at GBX 22.50 per stock on the London Stock Exchange, no change in the price of the stock, as opposed to the last trading day’s closing price. The market capitalisation (M-Cap) of the company was reported to be at GBP 70.07 million in reference to the share price.

Greatland Gold Plc

Greatland Gold Plc (LON: GGP) is a mining and exploration company with primary interests in gold with six mining prospects in Australia.

GGP Stock Price Performance

As on 15th January 2020, at 09:05 A.M GMT, at the time of writing, Greatland Gold Plc’s stock price has been reportedly trading at GBX 2.09 per stock on the London Stock Exchange, a surge in the value of 2.45 per cent or GBX 0.05 per stock, as opposed to the last trading day’s closing price, which was reported at GBX 2.04 per stock. The market capitalisation (M-Cap) of the company was reported to be at GBP 72.98 million in reference to the share price.

Serabi Gold Plc

Serabi Gold Plc (LON: SRB) is a UK based company involved in the extraction of Gold and production of its by-products through its assets located in Brazil.

SRB Stock Price Performance

As on 15th January 2020, at 09:10 A.M GMT, at the time of writing, Serabi Gold Plc’s stock price has been reportedly trading at GBX 77.70 per stock on the London Stock Exchange, a surge in the value of 0.91 per cent or GBX 0.70 per stock, as opposed to the last trading day’s closing price, which was reported at GBX 77.00 per stock. The market capitalisation (M-Cap) of the company was reported to be at GBP 45.36 million in reference to the share price.

Ariana Resources Plc

Ariana Resources Plc (LON: AAU) is a mineral exploration and development company with mining operations directed towards epithermal gold-silver mines in Turkey.

AAU Stock Price Performance

As on 15th January 2020, at 09:15 A.M GMT, at the time of writing, Ariana Resources Plc’s stock price has been reportedly trading at GBX 2.57 per stock on the London Stock Exchange, a surge in the value of 1.58 per cent or GBX 0.04 per stock, as opposed to the last trading day’s closing price, which was reported at GBX 2.53 per stock. The market capitalisation (M-Cap) of the company was reported to be at GBP 26.81 million in reference to the share price.

A comparative stock price chart of TXP, HUM, GGP, SRB and AAU

(Source: Thomson Reuters) Daily Chart as on 15-January-20, prior to the closing of the London Stock Exchange