Gold Stocks To Watch Now - May 6th

Key Points

• MarketBeat's stock screener flags five gold stocks to watch: Freeport-McMoRan (FCX), Newmont (NEM), Barrick (B), Pan American Silver (PAAS), and Hecla Mining (HL), which had the highest dollar trading volume among gold stocks in recent days.
• Gold stocks give investors leveraged exposure to the gold price but carry company-specific risks—operational, geopolitical and management—and are typically more volatile than holding physical gold while offering potential dividends and capital appreciation.
• Freeport has faced share weakness due to mine delays, but MarketBeat highlights a strong long-term outlook following Grasberg restarts, making it a particularly notable name to monitor.

Freeport-McMoRan, Newmont, Barrick Mining, Pan American Silver, and Hecla Mining are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies whose primary business is related to gold—typically miners, explorers, and royalty or streaming firms that earn revenue from gold production. They give investors exposure to movements in the gold price but also carry company-specific risks (operational, geopolitical and management), so they tend to be more volatile than owning physical gold while offering potential dividends and capital appreciation. 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

Hecla Mining (HL)

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

Read Our Latest Research Report on HL

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