![]() ![]() Therefore, Kinross will benefit from higher gold prices coupled with incremental production. However, production is expected to increase to 2.7 million ounces in 2022 and further to 2.9 million ounces in 2023. Kinross has guided for production of 2.1 million ounces for 2021. ![]() Specific to Kinross Gold, I like the fact that the company is positioned for production growth in the coming years. Gold can therefore remain in a long-term uptrend. Furthermore, even if interest rates trend higher, real rates are likely to remain negative for an extended period. While there are talks about a relatively early rate hike, I am bullish on gold for two reasons.įirst and foremost, the delta variant and its economic impact might delay the rate hike. Electrameccanica Vehicles (NASDAQ: SOLO)Īmong gold mining stocks, KGC stock looks attractive after underperforming in the current year.With that in mind, these seven stocks whose shares are trading for less than $10 look promising right now: The stocks highlighted below are from diversified sectors that might have multi-year positive tailwinds.Ĩ Tech Stocks to Buy Offering Solid Dividends Their low price isn’t their only appeal these stocks seem to be undervalued and positioned for a strong rally in the next few quarters. Let’s talk about seven cheap stocks that are trading for less than $10. However, even if only a few cheap stocks double, it’s likely to have a meaningful impact on the overall portfolio. Of course, not all stocks will give 5-fold or 10-fold returns. Currently, the stock trades for more than $40. For example, one year ago, Marathon Digital (NASDAQ: MARA) stock was trading at $2.38. ![]()
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