Here is our new video for Gold Stocks in 2021. Gold mining stocks have been struggling to take off lately despite strong fundamentals. They have been in a downtrend since August 2020 which left them deeply out of favour. Usually, when traders are frustrated with Gold price, they tend to be short on Gold stocks, but recent fundamentals are pointing that the opposite approach might provide a better opportunity.
Gold stocks April 2021 might be influenced by Q4’20 results of miners that were recently reported. Our Gold stocks analysis shows that those results report record-high revenues, adjusted earnings, operating cash flows, and cash treasuries. Last quarter was Gold miners’ sixth in a row of strong mid-double-digit earnings growth. Despite that, Gold stocks today continue to be affected by pressure on Gold price.
Gold stocks April might be supported by analysts saying that even with gold prices down from the August highs, miners are still able to generate significant cash flow in 2021. They benefited largely due to record high 2020 Gold prices despite rising costs because of the Covid-19 pandemic.
Watch the full video for our take on Gold miners investing and a deeper insight into what to expect in the weeks ahead from our Gold stock analysis. Drop us a line in the comments with your thoughts on Gold stocks 2021. To be notified about the latest Gold stock predictions and news, subscribe to Capital.com, and click that notification bell.
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