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Gold Stocks To Follow Now - October 18th

Newmont logo with Basic Materials background

Key Points

  • Newmont, Royal Gold, and Barrick Mining are highlighted as key gold stocks to watch due to their significant trading volume and market positions in the gold industry.
  • Newmont Corporation not only focuses on gold production but also explores for various other metals, making it a diverse player in the market.
  • Barrick Gold Corporation is noted as a leading gold and copper producer and has expanded its operations through strategic mergers and joint ventures, enhancing its market strength.
  • MarketBeat previews top five stocks to own in November.

Newmont, Royal Gold, and Barrick Mining are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies whose primary business involves gold — typically miners, explorers and royalty/streaming firms, as well as exchange-traded funds that hold gold-related equities. Their performance is influenced by the market price of physical gold but also by company-specific factors (production costs, reserves, political and operational risks), often making them more volatile than the metal itself. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

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

Royal Gold (RGLD)

Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.

Read Our Latest Research Report on RGLD

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

See Also

Should You Invest $1,000 in Newmont Right Now?

Before you consider Newmont, you'll want to hear this.

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While Newmont 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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