Gold Stocks To Research - October 1st

Key Points

• The top three gold stocks to watch according to MarketBeat are Newmont, Freeport-McMoRan, and Barrick Mining, each demonstrating high trading volumes and potential for growth.
• Gold stocks provide investors with indirect exposure to gold prices, offering a way to hedge against inflation while also carrying specific operational risks.
• Newmont Corporation is involved in gold production and exploration across multiple countries, while Freeport-McMoRan focuses on various metals, including gold, and Barrick is noted for its leadership in both gold and copper production.

Newmont, Freeport-McMoRan, and Barrick Mining are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies engaged in the exploration, mining, processing or trading of gold, providing investors with indirect exposure to bullion prices without holding physical metal. Because their revenues and profits tend to move with the market price of gold, these equities can offer leveraged upside in a rising-gold environment but also carry operational and regulatory risks specific to individual miners. Many investors use gold stocks to diversify portfolios or hedge against inflation and currency weakness. 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

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

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