Promising Gold Stocks To Watch Now - April 16th

Key Points

• MarketBeat's screener flagged seven high-dollar-volume Gold stocks to watch: Freeport-McMoRan, Newmont, Agnico Eagle Mines, Coeur Mining, Barrick Gold, Wheaton Precious Metals, and First Majestic Silver.
• Gold stocks are a leveraged, higher-risk way to gain exposure to gold because their earnings depend on both the gold price and company-specific operational factors like production costs, reserves, and management.
• The group is diverse: Freeport is primarily a global copper miner with gold assets, Barrick and Newmont are large, global gold producers (including a Nevada joint venture), while Wheaton and First Majestic offer streaming/precious-metal and silver-focused exposure respectively.

Freeport-McMoRan, Newmont, Agnico Eagle Mines, Coeur Mining, Barrick Mining, Wheaton Precious Metals, and First Majestic Silver are the seven Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are publicly traded shares of companies whose primary business is tied to gold — mainly gold miners and exploration firms, and sometimes streaming and royalty companies — that give investors exposure to the gold market. Because their earnings depend on both the gold price and company operations (production costs, reserves, and management), gold stocks often behave as a leveraged, higher-risk alternative to owning physical gold or broad-market gold ETFs. 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

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

Coeur Mining (CDE)

Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc.

Read Our Latest Research Report on CDE

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

Wheaton Precious Metals (WPM)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

Read Our Latest Research Report on WPM

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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