A dramatic surge in gold prices, with gold breaking above $4,000 an ounce for the first time, has powered a wave of investor interest across mining stocks. Shares of GoldMining (TSX:GOLD) have surged alongside sector peers as a result of this historic rally.
See our latest analysis for GoldMining.
GoldMining’s surge comes as gold miners ride a stunning wave of momentum, fresh off a 14% share price jump in a single day and a 31.6% move over the past week. The stock’s 1-year total shareholder return sits at nearly 76%, and with sector-wide M&A activity and elevated gold prices grabbing headlines, momentum still feels firmly in the driver’s seat for now, even if the longer view reminds us of past volatility.
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But after such a stunning run, are GoldMining shares…
