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Best Gold Stocks To Watch Now - May 7th

Freeport-McMoRan logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat's screener highlights five gold stocks to watch: Freeport‑McMoRan, Newmont, Coeur Mining, First Majestic Silver, and Agnico Eagle Mines.
  • These stocks offer exposure to moves in the gold price and potential production upside, but they carry company-specific, operational and geopolitical risks that can make their returns more volatile than the metal itself.
  • They were selected because they had the highest dollar trading volume among gold stocks in recent days, signaling strong liquidity and investor interest.
  • Five stocks we like better than Freeport-McMoRan.

Freeport-McMoRan, Newmont, Coeur Mining, First Majestic Silver, and Agnico Eagle Mines are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies whose primary businesses involve gold — chiefly miners and explorers, as well as royalty and streaming firms that finance or purchase future gold output. Investors use them to gain exposure to movements in the gold price and potential production gains, but they carry additional company-specific, operational and geopolitical risks that can make their returns more volatile than the metal itself. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

Freeport-McMoRan (FCX)

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.

Read Our Latest Research Report on FCX

Newmont (NEM)

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.

Read Our Latest Research Report on NEM

Coeur Mining (CDE)

Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc.

Read Our Latest Research Report on CDE

First Majestic Silver (AG)

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.

Read Our Latest Research Report on AG

Agnico Eagle Mines (AEM)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.

Read Our Latest Research Report on AEM

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Should You Invest $1,000 in Freeport-McMoRan Right Now?

Before you consider Freeport-McMoRan, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freeport-McMoRan wasn't on the list.

While Freeport-McMoRan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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