This is another small-cap gold-mining stock for aggressive investors looking for exposure to the sector. Iamgold Corp. (NYSE: IAG) explores for, develops and operates gold-mining properties in North and South America and West Africa. It owns interests in the Rosebel mine located in Suriname, the Essakane mine in Burkina Faso, the Westwood mine in Quebec and the Sadiola mine in Mali.
Its exploration and development projects include the Boto gold project in Senegal; the Diakha-Siribaya gold project in Mali; the Pitangui project in Brazil; the Côté gold project in Ontario; the Nelligan and Monster Lake projects in Quebec; the Rouyn-Yorbeau project in Quebec; the Loma Larga, a gold, silver and copper project in southern Ecuador; and the Eastern Borosi project in Northeast Nicaragua.
The $9 TD Securities price target compares with a $7.65 consensus target. Iamgold stock has been trading above $4.00 recently.
This micro-cap play could be a big winner as some feel it is a potential takeover target. New Gold, Inc. (NYSE: NGD) is an intermediate gold-mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits.
The company’s operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.
New Gold also holds interests in the Blackwater project located to the Southwest of Prince George, British Columbia, Canada. The company was founded in 1980 and is headquartered in Toronto, Canada.
The Canaccord Genuity price objective is $2.25, but the consensus target price is much higher at $4.01. New Gold stock has climbed from near $0.50 to above $1.50 in the past six months.
This is another smaller market cap contender for investors looking to add a higher share count. Yamana Gold Inc. (NYSE: AUY) is a Toronto-based mining company with operations and development projects in North, South and Central America. The company has targeted 0.89 million ounces on a gold equivalent basis in 2020. Yamana is focused on growing profitably through the careful management of cost
The company engages in operating mines, development stage projects and exploration and mineral properties, chiefly in Canada, Brazil, Chile and Argentina. The company primarily sells precious metals, including gold, silver and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil, the Canadian Malartic mine in Canada, and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.
Credit Suisse has set its price target at $7.25. The consensus target is just $3.86, but Yamana Gold stock was trading just above $6 on Friday.
These are five stocks for very aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.