Promising Gold Stocks To Watch Today - October 9th

Key Points

• Today, investors should focus on three promising gold stocks: Freeport-McMoRan, Newmont, and Coeur Mining, which have reported the highest trading volumes recently.
• Freeport-McMoRan is noted for its potential 33% upside despite recent slumps, based on analysts' assessments.
• Newmont Corporation and Coeur Mining also operate extensively across multiple countries, diversifying their portfolios in gold and other precious metals.

Freeport-McMoRan, Newmont, and Coeur Mining are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies whose primary business involves the exploration, mining or processing of gold. Investors buy these equities to gain exposure to the price movements of gold without holding the physical metal. Because their revenues and profits tend to rise and fall with gold prices, gold stocks are often used as a hedge against inflation and market volatility. 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

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