Gold Stocks To Buy Amid The Russian Attack On Ukraine

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The price of gold reached an all-time high of $2,067.15 per ounce in 2020, the year that Covid-19 upended the global economy. It is a good idea to invest in gold when the economy is uncertain. To protect against inflation and market volatility, gold is an excellent investment. An 18-month high was reached at $1,973.96 when the Russian invasion began. It’s currently worth $1908.70 as of March 1st. Gold, oil, and other commodities are expected to continue their bullish streaks, according to analysts.

Insider Monkey picked gold stocks that received positive analyst ratings in recent periods. In the fourth quarter, Equinox Gold Corp. produced approximately 210,400 ounces of gold, a 54.3 percent increase from the same period last year. In 2021, gold production was expected to reach 602,100 ounces, an increase of 20% from 2020. Mining gold, silver, and other precious metals in the Americas is the primary focus of Yamana Gold Inc. During the fourth quarter, the company churned out 281,400 GEO (gold equivalent ounces) of the yellow metal, an increase from the previous estimate of 270,000. Canadian precious metals miner Wheaton Precious Metals Corp. specializes in gold, silver, palladium, and cobalt mining. The company produced 750,220 ounces of gold in 2021, which was more than expected and represented a 9.9 percent increase over the amount produced in 2020. As the Russian invasion of Ukraine progresses, investors should keep an eye on Agnico Eagle Mines Limited. Gold is the primary focus of this Canadian company, but it is also actively looking for copper, zinc, and silver deposits. Gold Royalty, Inc. has surpassed expectations for the fourth quarter of its financial results. The annual dividend yield to shareholders was also increased for the 21st consecutive year by the company. Royal Gold’s top shareholder in the fourth quarter was First Eagle Investment Management. For more details, click 10 Gold Stocks To Buy Amid The Russian Attack On Ukraine. 

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