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Great of Greatland (LSE: GGP) The actions shine at this time. They are 40% in the last 12 months and 99% in five years. Inevitably, they are attracting much attention.
Obviously, the price of gold has given them a great game. Increases 33% in the last 12 months to $ 2,914 per ounce and 77% in five years. It has been promoted by economic and geopolitical uncertainty, along with the avid purchases by the main central banks, especially China.
Established in 2005, a mining company by Greatland Gold, which is quoted in London, with gold and copper projects in Australia. In November, he won the Newmont Telfer Gold Gold mine and the remaining interest in Haan Discovery for £ 380 million. Greatland's managing director Shaun Day, praised Haviero to “World class … generational” project.
Investors should approach shares with extreme caution. Smaller mining companies can be very volatile. Their actions can glad for a while, but do not always become long -term gold.
However, Greatland continues to progress. An investor that launched at the beginning of the year will increase a notable 48%. That would have turned £ 10,000 into £ 14,800.
The skeptic in me says they were lucky. Greatland's gold price list is very chopped, with significant peaks and channels. Their actions increased by 10% only in the last week.
However, the four analysts who offer pricing prices of one -year shares are optimistic. They have produced an average target of 15.26p. If it is correct, that is an increase of almost 65% of the 9.2p today. Within those numbers there is a wide range of views, from 7p to 19p. We will see how this develops.
While gold is traditionally seen as a safe asset, it is not as simple as that. The price can be very volatile. In addition, there is no performance. Its main role is to provide balance to a portfolio, providing a comfort blanket when the stock markets are submerged.
A strangely volatile safe shelter
Today, investors are nervous, since President Trump embarks on the greatest restart of geopolitical relations that I can remember, while threatened commercial tariffs aspire markets.
Most expect Trump chaos to continue. But what happens if he offers any kind of peace in Ukraine? Or squeeze the concessions of key commercial partners, eliminate tariff threats and declare victory?
The increase in the price of gold could be reversed. If I did, the price of Greatland Gold's shares would follow it inexorably. Investors could move away. Actions can inactive for years. I don't say that happens. I just don't know. But it is a risk.
On the other hand, if interest rates finally show significant falls, that could boost gold, since the opportunity cost of maintaining this non -winning asset shrinks.
Basically, it is binary. I would say it is worth considering Greatland Gold, but only for investors who know exactly what they are buying and can resist risk. And only for a small part of your wallet.
(Tagstotranslate) category. Growth-Shares