Best Canadian Gold Stocks to buy now
In times when the gold prices are at all time high and the US dollar is becoming weaker each day, Canadian gold stocks present a great avenue for investment for beginners or even experienced investors. With the supply of gold not increasing against the ever increasing demand of gold, gold is becoming one of the best options to invest you money. Countries like India and China have a growing population of middle class and upper middle class due to which the demand is always increasing. Many analysts believe that Canada is one of the safest regions for the gold miners and also has one of the two largest gold mining companies in the world.
Let us take a look at top five Canadian Gold Stocks list which have the potential to give great profits:
Kinross Gold (TSX: K, NYSE: KGC) – Kinross has mining operations in 3 continents and 11 countries. Kinross is Canada’s third largest gold producer, running a portfolio of mines in Russia, Brazil, Chile, America and more. It has 45.6 million ounces of gold reserves, market cap of $16.4 billion and dividend yield of 0.5%
Agnico-Eagle Mines (TSX: AEM, NYSE: AEM) – AEM is a favorite with many analysts due to its low-cost structure and diversification. It has 18.1 million ounces of reserves, market cap of $11.1 billion and Dividend Yield of 0.3%
Eldorado Gold (TSX: ELD, NYSE: EGO) – Eldorado Gold is a Canadian-based gold miner active in exploration and development in Brazil, China, Greece, Turkey, and surrounding regions. It has Market Cap of $4.5 billion and does not pay any dividend.
Yamana Gold (TSX: YRI, NYSE: AUY) – Yamana has 19.4 million gold reserve ounces from the 6 gold mining operations in North America and South America. It has market cap of $8.1 billion and dividend yield of 0.4%.
Alamos Gold (TSX: AGI, NYSE: ALG) – Alamos Gold has 2.0 million ounces of gold reserves, market cap of $1.1 billion and doesn’t pay any dividend. Alamos Gold is an intermediate gold producer focused on its Mexican Mulatos Mine
Apart from the big ones mentioned above, there are also some junior Canadian gold stocks which are doing pretty well. Some of them are:
IAMGOLD Corp (TSX: IMG)
Royal Gold, Inc. (TSX: RGL)
Lihir Gold (TSX: LGG)
Franco-Nevada Corporation (TSX: FNV)
Gammon Gold Inc. (TSX: GAM)
Red Back Mining Inc. (TSX: RBI)
Golden Star Resources Inc. (TSX: GSC)
Osisko Mining Corporation (TSX: OSK)
NovaGold Resources Inc. (TSX: NG)
Centerra Gold Inc. (TSX: CG)
New Gold Inc. (TSX: NGD)
Seabridge Gold Inc. (TSX: SEA)
Jaguar Mining Inc. (TSX: JAG)
Most of these Canadian gold stocks companies are expected to do very well going forward since they have already seen the toughest phase in recent past.
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- Are gold coins for sale right now and what gold coin prices mean?
- Gold Stocks to invest even after gold prices go high
- Junior gold stocks – should you buy the gold junior mining stocks
- Buy gold coins online as an alternative to holding gold stocks
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