Gold Stocks To Consider - May 8th

Key Points

• MarketBeat flags five gold stocks to watch: Freeport‑McMoRan (FCX), Newmont (NEM), Barrick (B), Pan American Silver (PAAS), and Coeur Mining (CDE), which posted the highest dollar trading volume among gold names in recent days.
• Gold stocks provide indirect exposure to the price of gold but are also driven by company-specific factors—production, reserves, costs, management and geopolitical/operational risks—making them potentially more volatile than physical gold.
• Freeport‑McMoRan is a particular focus after mine delays and coverage of the Grasberg restart, though the company’s long‑term outlook is described as staying strong.

Freeport-McMoRan, Newmont, Barrick Mining, Pan American Silver, and Coeur Mining 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 — typically mining, exploration, processing, or related services — that give investors indirect exposure to the price of gold and the gold industry. Their value is driven both by the market price of gold and by company-specific factors (production costs, reserves, management, and geopolitical or operational risks), so they do not track physical gold exactly and can be more volatile. 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

Barrick Mining (B)

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

Read Our Latest Research Report on B

Pan American Silver (PAAS)

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.

Read Our Latest Research Report on PAAS

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

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