Promising Gold Stocks To Keep An Eye On - October 21st

Key Points

• MarketBeat identifies Newmont, Barrick Mining, Agnico Eagle Mines, Kinross Gold, and Freeport-McMoRan as the top gold stocks to watch, driven by high trading volumes.
• Gold stocks offer exposure to the gold market and are generally more volatile due to influences such as gold prices, production costs, and geopolitical risks.
• These companies are involved in various aspects of mining, exploration, and production across multiple countries, enhancing their global footprint in the precious metals sector.

Newmont, Barrick Mining, Agnico Eagle Mines, Kinross Gold, and Freeport-McMoRan 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 business involves gold—most commonly mining and exploration firms, but also refiners, streaming/royalty companies and some gold-focused ETFs. Investors use them to gain exposure to the gold market, with returns driven both by the gold price and by company-specific factors (production, costs, reserves and geopolitical risks), making them generally more volatile than holding physical bullion. 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

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

Agnico Eagle Mines (AEM)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.

Read Our Latest Research Report on AEM

Kinross Gold (KGC)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.

Read Our Latest Research Report on KGC

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