If you've been watching the rapid rise of gold prices (and what
investor hasn't recently), you've probably been on the prowl for
mining and gold stocks to play the upside of this precious metal.
Large-cap gold stocks like
) are probably at the top of your list.
But have you considered staking a claim in small-cap gold
stocks? My latest screens for penny stock picks in the metal
and mining sector has turned up some shining buys! To be clear
these are not microcaps or pink sheets, but low-priced buys trading
for under $3 on major exchanges. While they are higher risk than
the gold majors, these metal and mining stocks are much lower risk
investments then their thinly traded counterparts that go for just
a penny or two per share.
Here are my top 5 cheap gold miners to buy:
Anooraq Resources (
) is involved with the exploration and development of mineral
deposits in South Africa. In the last 12 months, ANO stock
has jumped 51.2%, compared to smaller gains by the broader
markets. More recently, the stock is up 42.3% since Oct
1. Anooraq trades at just $1.27, making it a very affordable
stock right now. Based on its recent performance, this penny
stock is worth buying.
Quaterra Resources (
) is a junior exploration company that focuses on precious metals
in Mexico and the western United States. Since last October,
the penny stock has climbed 97.3%, compared to a gain of just 10%
by the S&P 500. Since August, the stock has gained 7.5%
as well. QMM is an inexpensive stock as it currently trades
at $1.44. The company may only have a market cap of
$1.77 million, but due to its low stock price and recent
performance, QMM is a penny stock worth taking a chance on.
Claude Resources (
Based in Canada,
) acquires, explores and develops precious metal properties.
The company operates on properties in northern Saskatchewan and
north-western Ontario. Over the past 52 weeks, this penny
stock has skyrocketed +92.5%, while the broader markets have risen
moderately. With a stock price of $1.55, CGR is close to its
52-week high of $1.67.
Great Basin Gold (
Great Basin Gold
) is involved with the acquisition, exploration, development and
trial mining of precious metal deposits in Tanzania and
Mozambique. Since this time last year, the penny stock has
soared 71.8%, or $1.12. This penny stocks current trading
price is $2.67, not far from its 52-week high of $2.94.
Finally, with a quarterly revenue growth of 73.4% in its last
income statement, GBG is a penny stock worth buying now.
Almaden Minerals (
) is engaged in the acquisition, exploration and development of
mineral properties in Canada, Mexico and the U.S. AAU has had
the most successful year of any of the stocks on this list, up 178%
year-to-date. During that time, the stock jumped to $2.92,
from $1.05. Even more impressive, the penny stock has gained
300% over the past 12 months. Almaden Minerals is a penny
stock worth buying based on its tremendous yearly performance.