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Promising Gold Stocks To Watch Today - May 1st

Freeport-McMoRan logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat's screener names seven Gold stocks to watch today: Freeport-McMoRan, Agnico Eagle Mines, Newmont, Barrick, Coeur Mining, Kinross Gold, and Wheaton Precious Metals had the highest dollar trading volume among gold stocks recently.
  • Gold stocks track bullion but carry company-specific risks: their market value often moves with the price of gold yet also reflects production costs, reserves, and political or operational risks, making them more volatile and a leveraged play on bullion.
  • Freeport-McMoRan is a standout near-term story: the stock has been pressured by a mine delay but MarketBeat and recent coverage note Grasberg's restart and a still-strong long-term outlook.
  • Five stocks we like better than Freeport-McMoRan.

Freeport-McMoRan, Agnico Eagle Mines, Newmont, Barrick Mining, Coeur Mining, Kinross Gold, and Wheaton Precious Metals are the seven Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies whose business is directly tied to gold — for example miners, explorers, refiners, and royalty/streaming firms, or companies that hold significant physical gold. Their market value often moves with the price of gold but also reflects company-specific factors (production costs, reserves, political and operational risks), so they can be more volatile and can provide leveraged exposure to bullion prices. 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

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

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

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

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

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

See Also

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