Friday , 29 September 2023

Be Prepared: An Interest Rate Cut Would Benefit These 4 Junior Gold Stocks

Today we’ve dug up 4 junior gold stocks that are benefiting from the U.S. Federal Reserve’s hint at potentially cutting interest rates.

After the U.S. Federal Reserve hinted at future cuts in the federal funds interest rate if the economic outlook does not improve in the coming months, the S&P 500 hit a new intraday record as stocks began to rally. With this news of lower interest rates, investors have started to look for returns from different assets…Today we have unearthed four TSX/TSXV listed junior gold stocks that have experienced increased price and volume momentum, with a 30-day share price return greater than 30%. Price and volume momentum are a good indicator of bullishness, as increased share prices on larger volumes show heightened investor interest in a stock.

1. Eldorado Gold Corporation (TSX:ELD) – Metals and Mining



Eldorado Gold is a gold and base metals producer with mining, development, and exploration operations in Turkey (2 open pit mines), Canada (1 underground mine), Greece (2 polymetallic mines), Brazil (1 open pit iron ore mine) and operations in Romania and Serbia… In Q1/19 the Company had a total cash cost $652/ozt, and an all-in sustaining cost $1,132/ozt…

  • Market Cap: $950.2 Million
  • 30 Day Return: 36.4%
  • 30-Day Average Trading Volume (1,000): 1,051
  • 90-Day Average Trading Volume (1,000): 923

2. SEMAFO Inc. (TSX:SMF) – Metals and Mining



SEMAFO is a Canada-based, intermediate gold producer. The Company builds and operates two mines in Burkina Faso, western Africa…In Q1/19, the Company had a consolidated gold production cost between $390-$420/ozt and an all-in-sustaining cost ($/ozt) between $685-$735/ozt…

  • Market Cap: $1,685.9 Million
  • 30 Day Return: 34.1%
  • 30-Day Average Trading Volume (1,000): 1,117
  • 90-Day Average Trading Volume (1,000): 805

3. Gran Colombia Gold (TSX:GCM) – Metals and Mining



Gran Colombia is based in Canada and is a mid-tier gold producer with multiple underground mines in operation…in Colombia…In Q1/19, the Company had total cash costs of $621/ozt, and all-in-sustaining costs of $832/ozt…

  • Market Cap: $217.8 Million
  • 30 Day Return: 32.7%
  • 30-Day Average Trading Volume (1,000): 164
  • 90-Day Average Trading Volume (1,000): 149

4. Equinox Gold Corp. (TSXV:EQX) – Metals and Mining



Equinox Gold is a Canada-based company that focuses on the acquisition, exploration and development of gold, copper, and silver deposits. The Company has a 100%-owned producing open pit Mesquite Gold Mine in California, USA, a 100%-owned commissioning-stage open pit Aurizona Gold Mine in Maranhão, Brazil, and a 100%-owned pre-feasibility stage heap leach Castle Mountain Gold Mine in California, USA…In Q1/19, the Company had a total cash cost of $766/ozt, and an all-in-sustaining cost of $873/ozt…

  • Market Cap: $746.8 Million
  • 30 Day Return: 31.8%
  • 30-Day Average Trading Volume (1,000): 1,499
  • 90-Day Average Trading Volume (1,000): 795
Editor’s Note:  The above excerpts from the original article have been edited ([ ]) and abridged (…) for the sake of clarity and brevity.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

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