Record Gold Prices Stoking Gold Stock Gains
GoldMining, Inc. (TSX: GOLD)(OTC: GLDLF) shares are now well over C$2.00 as gold prices have now touched a record in U.S. dollars.
It has been above that price for most of July.
Shares of GoldMining are also on their way to US$2.00, which is a critical threshold. Maintaining that price for a short period of time is one of the major requirements for listing shares on a major U.S. stock exchange.
From there, other windows open up, like the potential for GoldMining shares to be included in major industry ETFs.
Both those things — a major U.S. listing and ETF inclusion — typically come with increased buying.
And this is all made possible by GoldMining acquiring so many gold assets during the bear market ahead of what just turned a record gold price environment.
Plus the creation of a wholly-owned royalty company that helped propel shares to where they are today.
It’s why analysts like H.C. Wainwright have share price targets on GoldMining (TSX: GOLD)(OTC: GLDLF) as high as C$7.00.
Yours in profits,
Editor, Resource Stock Digest