Promising Gold Stocks Worth Watching - October 11th

Key Points

• The article highlights three promising gold stocks to watch: Freeport-McMoRan, Newmont, and Barrick Mining, based on their recent trading volumes.
• Freeport-McMoRan operates mines across North America, South America, and Indonesia, focusing on copper, gold, and other metals.
• Newmont Corporation is involved in gold production and exploration, with assets spread across multiple countries including the USA and Canada.

Freeport-McMoRan, Newmont, and Barrick Mining are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are equity shares of companies engaged in the mining, exploration or processing of gold. Their market value tends to track movements in the price of gold, offering investors an indirect way to gain exposure to the precious metal—albeit with added company-specific risks such as operational costs, management decisions and geopolitical factors. 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

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