Promising Gold Stocks To Follow Today - March 8th

Key Points

• MarketBeat's screener flags Freeport-McMoRan (FCX), Newmont (NEM) and First Majestic Silver (AG) as the Gold stocks to watch today, each posting the highest dollar trading volume among gold names in recent days.
• Gold stocks offer indirect, often leveraged exposure to the price of gold but typically exhibit greater volatility and equity-market correlation and face mining-, geopolitical- and balance-sheet-related risks that can make their performance diverge from physical gold.
• Company highlights: Freeport is a large global miner with major copper and gold assets (e.g., Grasberg, Cerro Verde), Newmont is a leading multinational gold producer, and First Majestic focuses on silver and gold operations in Mexico.

Freeport-McMoRan, Newmont, and First Majestic Silver are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies involved in the gold industry—primarily miners and explorers, as well as royalty and streaming firms—whose revenues and valuations are driven largely by the market price of gold and company-specific operations. They provide investors with indirect, often leveraged exposure to gold, while also carrying mining-, geopolitical- and balance-sheet-related risks. Consequently, gold stocks can behave quite differently from physical gold, typically showing greater volatility and equity-market correlation. 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

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

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