Speculating on the appraisal of gold becomes doubly risky when also speculating on the outlay of gold penny stocks. Both the metal and the inexpensive stocks can be strongly volatile. However, where there is greater risk, there is grand potential for reward. For those interested in gold penny stocks, we from selected five that could do well into 2018. (To learn varied about trading, Investopedia has a day trading course.)
Forecasts for the price of gold in 2018 collection from $1,300 to $1,500 per ounce. As of this writing, the metal is give away for $1,289.70 per ounce. The target price range, if realized, could help some of these assemblies. (See also: What Drives The Price Of Gold?)
Here are four gold penny pedigrees that could do well into next year. All figures are flow as of December 28, 2017.
1. Golden Star Resources
Golden Star Resources Ltd. (GSS) report in investigated a third-quarter profit, versus a loss a year ago, and analysts expect heinous profit going into 2018. The stock, however, has struggled in 2017, sans to break upward when it hit resistance around $1.00. The stock has forsook to about $.89 per share, as of December 28, 2017. It found support at this appraisal recently, so investors should watch to see if it bounces upward from here.
Gross revenues and operating income have been increasing for the past four barracks.
- Avg. Volume: 1,424,987
- Market Cap: $340.729 million
- YTD Return: 18.1%
- PE Ratio (TTM): 12.47
- EPS (TTM): 0.07
- 1y Target Est: 1.10
2. Entrée Gold Ltd.
Entrée Gold Ltd. (EGI) engages in probe and development in the United States, Mongolia, Peru and Australia, though it is based in Vancouver, Canada. The company has been divulging negative net income, but it has been paring its losses the last four parts.
This stock is not very liquid. Speculators who want to sell it could find it particular to find a quick buyer when the time comes.
EGI broke definitely upward at the start of 2017, and has held on to most of its gains. However, the commonplace still trades at well under $1.00 per share.
- Avg. Volume: 143,063
- Trade in Cap: $107.11 million
- YTD Return: 95.6%
- PE Ratio (TTM): N/A
- EPS (TTM): -0.018
- 1y Target Est: 0.58
3. Paramount Gold Nevada Corp.
Vital Gold Nevada (PZG) spiked dramatically in mid-2016, then cut back. It has now drifted downward to $1.20 per share; investors would be sensible to wait before investing. However, if gold prices continue to stand up, PZG could return to profitability. It focuses on Nevada gold. The company has impeding power. It has been in business since 1992. Paramount Gold boosts the list due to its longevity and its ability to profit from rising gold payments.
- Avg. Volume: 64,930
- Market Cap: $30.572 million
- YTD Return: -25.6%
- PE Ratio (TTM): N/A
- EPS (TTM): -0.44
- 1y Aim Est: 1.57
4. Gold Reserve Inc.
Gold Reserve Inc. (OTC: GDRZF) has been mining and in the offing in Venezuela since the 1950s. The stock is trading under $3.00 per interest, as of December 28, 2017. We are counting any stock under $5 as a penny stock.
The supply broke sharply upward in mid-June, then again in early July. But it has shot again over the last month. Over the last six months, the reserve has posted gains of over 40%, helping it to trim its year-to-date bereavements. Gold Reserve is in a position to benefit from rising gold figures. The company has been in business since 1998.
- Avg. Volume: 16,873
- Market Cap: $297.152 million
- YTD Reoccur: -28.3%
- PE Ratio (TTM): 3.61
- EPS (TTM): 0.83
- 1y Target Est: 0.75
The Bottom Line
These penny deal ins usually follow the price of gold unless there is mismanagement or an unlooked-for event that hurts one of them. Perform as much due diligence as reachable and keep a close watch on the trend in gold prices. Penny gold capitals are very high risk, so investors should be slow to buy and quick to over persuaded.