S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
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S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
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S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
pixel
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
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Gold Stocks

Gold stocks are publicly-traded companies involved in the exploration, mining and processing of the mineral gold. What is a gold stock?

MarketRank evaluates a company based on community opinion, dividend strength, institutional and insider ownership, earnings and valuation, and analysts forecasts.
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Analyst consensus is the average investment recommendation among Wall Street research analysts.
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CompanyCurrent PricePE RatioMarket CapVolumeAverage VolumeIndicator(s)
The Coca-Cola logo
KO
The Coca-Cola
$53.89
-0.3%
28.82$232.36 billion9.68 million15.66 million
The Goldman Sachs Group logo
GS
The Goldman Sachs Group
$390.85
0.0%
7.06$131.75 billion1.79 million2.84 million
CVS Health logo
CVS
CVS Health
$84.71
0.0%
15.54$111.78 billion2.89 million6.38 million
Rio Tinto Group logo
RIO
Rio Tinto Group
$66.77
-0.4%
8.67$83.31 billion3.70 million2.58 millionAnalyst Upgrade
Analyst Revision
BHP Group logo
BHP
BHP Group
$54.53
-0.9%
8.09$80.32 billion4.02 million2.52 millionAnalyst Downgrade
Analyst Revision
BHP Group logo
BBL
BHP Group
$51.31
-1.0%
7.61$54.19 billion1.93 million2.00 millionAnalyst Revision
News Coverage
Freeport-McMoRan logo
FCX
Freeport-McMoRan
$32.24
+0.4%
16.88$47.33 billion15.16 million22.75 millionDividend Announcement
The Kraft Heinz logo
KHC
The Kraft Heinz
$36.39
+0.0%
20.56$44.52 billion3.39 million5.97 millionAnalyst Report
News Coverage
Newmont logo
NEM
Newmont
$53.87
0.0%
15.09$43.05 billion4.72 million6.53 millionAnalyst Report
Analyst Revision
News Coverage
Robinhood Markets logo
HOOD
Robinhood Markets
$44.91
-2.2%
N/A$38.42 billion6.03 million6.72 millionGap Down
Barrick Gold logo
GOLD
Barrick Gold
$18.03
0.0%
12.70$32.06 billion13.37 million17.42 millionAnalyst Report
Analyst Revision
News Coverage
Alexandria Real Estate Equities logo
ARE
Alexandria Real Estate Equities
$195.39
-0.7%
29.88$29.77 billion406,230875,166Short Interest ↑
News Coverage
Franco-Nevada logo
FNV
Franco-Nevada
$131.49
0.0%
37.04$25.13 billion915,368612,049Analyst Report
News Coverage
MGM Resorts International logo
MGM
MGM Resorts International
$44.62
0.0%
N/A$21.50 billion8.56 million7.84 millionInsider Selling
Analyst Revision
Wheaton Precious Metals logo
WPM
Wheaton Precious Metals
$39.29
-0.5%
27.87$17.69 billion1.44 million2.28 millionAnalyst Report
News Coverage
Positive News
iShares MSCI EAFE Small-Cap ETF logo
SCZ
iShares MSCI EAFE Small-Cap ETF
$77.32
0.0%
N/A$15.45 billion1.09 million1.81 million
Agnico Eagle Mines logo
AEM
Agnico Eagle Mines
$50.51
-1.3%
16.40$12.34 billion1.81 million1.35 millionAnalyst Report
News Coverage
Kirkland Lake Gold logo
KL
Kirkland Lake Gold
$42.57
+0.8%
13.82$11.27 billion1.16 million1.59 millionDividend Increase
Molson Coors Beverage logo
TAP
Molson Coors Beverage
$46.51
+0.0%
N/A$10.09 billion1.07 million2.08 million
Sibanye Stillwater logo
SBSW
Sibanye Stillwater
$13.46
-1.4%
5.26$9.76 billion1.71 million2.76 million
Jabil logo
JBL
Jabil
$62.21
+0.0%
16.12$9.07 billion2.13 million866,570Upcoming Earnings
High Trading Volume
Gildan Activewear logo
GIL
Gildan Activewear
$38.31
0.0%
20.60$7.55 billion285,785440,604Positive News
Gold Fields logo
GFI
Gold Fields
$8.11
+0.0%
8.11$7.20 billion3.43 million6.70 million
Inspire Medical Systems logo
INSP
Inspire Medical Systems
$247.06
0.0%
N/A$6.74 billion228,806221,679Analyst Report
Kinross Gold logo
KGC
Kinross Gold
$5.28
-0.8%
5.18$6.66 billion9.50 million14.08 millionAnalyst Revision
News Coverage
Royal Gold logo
RGLD
Royal Gold
$100.23
0.0%
21.79$6.58 billion247,630409,209Analyst Report
News Coverage
AngloGold Ashanti logo
AU
AngloGold Ashanti
$15.29
+0.5%
6.42$6.42 billion2.29 million3.53 million
Innovative Industrial Properties logo
IIPR
Innovative Industrial Properties
$244.88
-0.3%
61.37$5.86 billion163,708200,744Positive News
Pan American Silver logo
PAAS
Pan American Silver
$23.44
-0.8%
16.62$4.93 billion1.62 million2.60 millionAnalyst Downgrade
News Coverage
Yamana Gold logo
AUY
Yamana Gold
$3.96
0.0%
22.00$3.83 billion9.92 million13.32 millionNews Coverage
SSR Mining logo
SSRM
SSR Mining
$14.65
13.56$3.14 billion702,5671.66 millionNews Coverage
First Majestic Silver logo
AG
First Majestic Silver
$11.79
0.0%
32.75$3.02 billion3.04 million6.05 million
Turquoise Hill Resources logo
TRQ
Turquoise Hill Resources
$14.61
+0.0%
4.73$2.94 billion295,670939,791
Hecla Mining logo
HL
Hecla Mining
$5.46
+0.9%
78.00$2.93 billion4.78 million8.89 million
Alamos Gold logo
AGI
Alamos Gold
$7.13
0.0%
142.63$2.80 billion1.56 million2.73 million
SciPlay logo
SCPL
SciPlay
$20.43
+1.8%
23.76$2.61 billion778,519610,877News Coverage
NAPA
The Duckhorn Portfolio
$22.02
+0.0%
N/A$2.52 billion255,960442,135
Utz Brands logo
UTZ
Utz Brands
$17.75
-1.0%
N/A$2.43 billion261,337683,130
Bally's logo
BALY
Bally's
$50.97
+2.8%
26.41$2.27 billion655,494418,033Short Interest ↓
Analyst Revision
News Coverage
CGAU
Centerra Gold
$6.91
0.0%
N/A$2.05 billion92,85168,511News Coverage
Harmony Gold Mining logo
HMY
Harmony Gold Mining
$3.18
0.0%
5.39$1.96 billion5.87 million5.88 million
Goldman Sachs BDC logo
GSBD
Goldman Sachs BDC
$18.87
+0.0%
6.55$1.92 billion391,807447,240Positive News
Osisko Gold Royalties logo
OR
Osisko Gold Royalties
$11.30
-0.2%
188.36$1.89 billion628,703740,338
Pretium Resources logo
PVG
Pretium Resources
$9.40
-1.4%
N/A$1.77 billion752,8941.32 million
Coeur Mining logo
CDE
Coeur Mining
$6.18
-0.6%
20.60$1.59 billion2.95 million4.25 million
Golden Ocean Group logo
GOGL
Golden Ocean Group
$10.56
+0.0%
9.51$1.51 billion1.16 million1.05 millionGap Down
G-III Apparel Group logo
GIII
G-III Apparel Group
$29.93
+0.0%
11.92$1.45 billion285,206449,948News Coverage
Golden Nugget Online Gaming logo
GNOG
Golden Nugget Online Gaming
$18.44
0.0%
N/A$1.44 billion616,330968,918
Golden Entertainment logo
GDEN
Golden Entertainment
$49.93
+0.0%
18.49$1.44 billion327,040196,643Gap Down
Eldorado Gold logo
EGO
Eldorado Gold
$7.82
0.0%
78.20$1.43 billion1.84 million1.83 millionAnalyst Downgrade
News Coverage
Seabridge Gold logo
SA
Seabridge Gold
$16.07
0.0%
1,607.00$1.24 billion233,781320,090
Enova International logo
ENVA
Enova International
$33.45
+0.0%
2.44$1.23 billion116,847327,102
Fortuna Silver Mines logo
FSM
Fortuna Silver Mines
$4.03
0.0%
10.61$1.17 billion2.94 million4.04 millionAnalyst Upgrade
Sandstorm Gold logo
SAND
Sandstorm Gold
$5.92
0.0%
39.47$1.15 billion1.28 million1.75 millionNews Coverage
HIVE Blockchain Technologies logo
HIVE
HIVE Blockchain Technologies
$2.85
0.0%
N/A$1.09 billion4.18 million4.87 millionGap Down
IAMGOLD logo
IAG
IAMGOLD
$2.20
+0.0%
15.71$1.05 billion3.96 million5.02 million
Gatos Silver logo
GATO
Gatos Silver
$12.09
0.0%
N/A$830.63 million581,527725,086News Coverage
DRDGOLD logo
DRD
DRDGOLD
$8.57
-0.6%
16.48$740.95 million122,553254,788Upcoming Earnings
A-Mark Precious Metals logo
AMRK
A-Mark Precious Metals
$56.94
-3.3%
3.28$642.91 million87,456140,237Insider Selling
AGAC
African Gold Acquisition
$9.69
+0.0%
N/A$501.46 million3,998103,577
McEwen Mining logo
MUX
McEwen Mining
$1.05
0.0%
N/A$482.15 million2.54 million5.38 million
Clene logo
CLNN
Clene
$7.08
0.0%
N/A$435.36 million95,906122,695News Coverage
GFX
Golden Falcon Acquisition
$9.74
+0.0%
N/A$420.04 million15,38024,236
Corvus Gold logo
KOR
Corvus Gold
$3.20
N/A$406.41 million173,728165,481
Corvus Gold logo
KOR
Corvus Gold
$3.20
N/A$406.41 million173,728165,481
ASA
ASA Gold and Precious Metals
$19.14
-0.9%
N/A$369.21 million47,70047,068News Coverage
PPTA
Perpetua Resources
$5.04
0.0%
N/A$317.18 million78,014155,444
GAMC
Golden Arrow Merger
$9.72
0.0%
N/A$303.75 million1,0435,863
Drive Shack logo
DS
Drive Shack
$2.88
+1.4%
N/A$265.21 million728,9322.46 million
BYFC
Broadway Financial
$3.54
0.0%
N/A$254.06 million152,0431.15 million
EMX Royalty logo
EMX
EMX Royalty
$2.71
+0.0%
N/A$233.65 million136,230191,020
Trecora Resources logo
TREC
Trecora Resources
$8.21
+0.0%
10.53$200.28 million57,922124,272
XpresSpa Group logo
XSPA
XpresSpa Group
$1.60
0.0%
N/A$168.91 million1.28 million6.25 millionNews Coverage
Riverview Bancorp logo
RVSB
Riverview Bancorp
$7.14
0.0%
10.20$157.84 million10,97571,994
Hycroft Mining logo
HYMC
Hycroft Mining
$1.74
0.0%
N/A$104.36 million278,219539,739Gap Up
Odyssey Marine Exploration logo
OMEX
Odyssey Marine Exploration
$6.90
+0.0%
N/A$91.82 million74,29933,800Gap Down
High Trading Volume
U.S. Gold logo
USAU
U.S. Gold
$10.65
-1.8%
N/A$75.52 million11,61661,548
Golden Path Acquisition logo
GPCO
Golden Path Acquisition
$9.88
0.0%
N/A$73.69 million12,59472,301
Golden Minerals logo
AUMN
Golden Minerals
$0.45
N/A$73.67 million414,3921.37 millionNews Coverage
Golden Minerals logo
AUMN
Golden Minerals
$0.45
N/A$73.67 million415,740550,985News Coverage
Fury Gold Mines logo
FURY
Fury Gold Mines
$0.62
0.0%
N/A$73.59 million195,041371,216News Coverage
Fury Gold Mines logo
FURY
Fury Gold Mines
$0.62
-1.0%
N/A$73.57 million195,041371,216
Good Times Restaurants logo
GTIM
Good Times Restaurants
$5.35
+1.9%
4.08$68.64 million98,052138,892
Qualigen Therapeutics logo
QLGN
Qualigen Therapeutics
$1.42
0.0%
N/A$41.18 million163,740923,989Short Interest ↓
FT Cboe Vest Gold Target Income ETF logo
IGLD
FT Cboe Vest Gold Target Income ETF
$19.66
0.0%
N/A$24.58 million65513,770
Midatech Pharma logo
MTP
Midatech Pharma
$1.86
N/A$23.58 million52,25195,659
GBRG
Goldenbridge Acquisition
$9.90
N/A$23.08 million311,440Upcoming Earnings
The How and Why of Investing in Gold Stocks

Investing in gold is considered to be a core strategy for many investors. Gold is considered a safe haven and a hedge against the volatility of the market. In general, when gold prices rise, it means investors are concerned about the value of currencies.

This concern can be tied to monetary policy. For example gold prices soared in the aftermath of the financial crisis. The United States Federal Reserve Board (i.e. The Fed) began a program of quantitative easing that flooded the stock market with liquidity. While economists will debate the merits of this policy for decades, there’s no question that it devalued the U.S. dollar and caused gold to climb.

In fact, in September 2011, the spot price of gold soared to $1,900 an ounce. In the aftermath of the pandemic caused by the novel coronavirus, gold prices are approaching these record levels again. That is making gold once again one of the most practical investments you can make.

And in 2020, investing in gold has never been easier, but it does require some research. The most common way for investors to buy and sell gold is by buying the physical metal itself, usually in the form of gold coins. However, exchange-traded funds (ETFs) are becoming a popular alternative because they mirror the price movement of gold without the obstacles that can come from the cost (and peripheral obstacles like storing and insuring) associated with buying gold directly.

Introduction

Gold and other precious metals are widely considered to be a hedge against inflation. However, in volatile times like these investors look to gold because of its value. Simply put, the price of gold tends to rise when investors believe that the value of currency is going to fall.

Gold can be purchased in many ways. One way is to purchase gold in its physical form. This is frequently done by buying gold coins, but it can also mean buying actual gold bullion.

This approach has its drawbacks. Specifically gold can be expensive. At the time of this writing, an ounce of gold is trading for over $1,800 an ounce. That’s almost three times the price of one share of Tesla (NASDAQ:TSLA). Plus, physical gold also should be stored and insured. And taking possession of physical gold usually involves transaction fees of some sort.

That’s why investing in gold stocks can be a desirable outcome. The purpose of this article is to give you an overview of how to invest in gold stocks. We’ll look at the different types of gold funds that exist, the factors you should consider when choosing gold stocks. We’ll also look at the pros and cons of trading gold on the futures market using options contracts.

How do you invest in gold stocks?

Investing in gold stocks is less expensive and offers more liquidity as a way to get involved with precious metals. However, gold does not exist as a company that you buy shares of. Instead when you hear the words “gold stocks” it means you are directly buying shares of a mining company such as Barrick Gold (NYSE:GOLD) or you are buying into a mutual fund or exchange-traded fund (ETF).

When you invest in a mining stock, you’re not investing directly into physical gold. And while it’s true that shares of a mining company should have a correlation to physical gold, the correlation is often a loose one. This is because mining companies have opportunities and challenges that are unique to their sector.

Also as corporations, they have an obligation to their shareholders. While this can sometimes affect capital growth, many mining stocks do pay a dividend which can make them a desirable addition to a value investor’s portfolio. For example Newmont Corporation (NYSE:NEM) pays a dividend yield of 2.74%.

How to Invest in Gold ETFs

Just how attractive has it become to invest in gold ETFs? According to Gold.org, in the first five months of 2020, investors bought into gold ETFs at a record pace. Through May 31, investors bought $33.7 billion worth of gold ETF shares.

Shares of an ETF can be bought and sold throughout the trading day just like shares of stock. This is a crucial difference between an ETF and a mutual fund. Since the price of gold can move rapidly in either direction (and sometimes it can make large moves), ETFs are becoming more attractive for investors.

There are many mutual funds and exchange-traded funds (ETFs) that move with the price of gold. When choosing to invest in gold stocks via an ETF or mutual fund, investors have options. One is to find a fund that invests in the metal itself. One such example is the SPDR Gold Shares ETF (NYSE:GLD). This fund is the oldest, and largest, physically backed gold exchange traded fund (ETF) in the world.

One share of the ETF is valued at one-tenth the spot price of gold. At the time of this writing that would be about $180.

The other option is to find a fund that invests in the stocks of physical gold as well as into gold mining companies. These funds may have price movement that is more volatile than an investment in the physical metal itself. Plus, mining companies are subject to geopolitical or environmental concerns that will not affect the cost of physical gold.

What Factors Should You Consider When Buying Gold Stocks?

As is the case when you buy any mutual fund or ETF you should pay attention to the expense ratio (i.e. the annual fee) charged by the fund. The average expense ratio for gold ETFs is approximately 0.65%.

Another factor to consider is the five-year return of the ETF. This is particularly true if you are investing in a fund, such as the GOLD fund, that is tied directly to the physical metal. Roughly speaking the returns should approximate the movement of gold over that period.

Gold Stocks and Options Trading

In recent years, more experienced investors are trading options on physical gold. This is because options trading is a way to, potentially, make a profit while putting less capital at risk.

Options trading means trading in gold futures. A futures contract is traded on an exchange. Buyers and sellers negotiate a specific quantity and price for gold at a specific date.

When you buy an option you are buying the right, although not the obligation, to buy or sell a specific equity at the option price. Essentially you’re betting on price action to occur in a specific direction. If you’re right, it can be very profitable. If you’re wrong, you’re simply out the premium you paid to buy the option.  

Investors can choose to take a long or short position in gold. For those unfamiliar with options trading, a long position means an investor is buying gold with the expectation of gold prices rising. In this case, the investor is looking to buy gold at a lower price. By contrast a short position is taken when an investor is looking to sell gold in anticipation of price falling. In this case, the investor is selling gold but intends to cover it later at a lower price.

While this is a different process than buying shares directly, some investors find it to be a more efficient way to trade gold. ETFs come with management fees and taxes on capital gains. Plus regardless of if the fund is actively or passively managed, every ETF has a fund manager that makes decisions on the investor’s behalf.

By contrast, trading futures avoids all of that. And because most investors can use margin to trade, every $1 can represent up to $20 of physical gold.

Trading gold futures is often used as a hedging strategy against the volatility of the stock market or against a weak dollar. Trading gold using options is also a way for speculators to invest in gold without having to have physical gold in their possession.

The final word on investing in gold stocks

For many investors, precious metals are a constant in their portfolio. Others move in and out of gold and other metals as conditions warrant. That’s one reason why gold stocks can be an appealing option. Rather than hold the physical asset, investors can trade shares just like they do for other equities in their portfolio.

And if investors don’t want to trade in the options market, they can choose to invest in the security of an exchange-traded fund (EFT) or mutual fund. While these investments are not going to hold as much value for investors as holding the physical asset, they are a low cost way of maintaining a position in gold without the need to hold physical bullion.

However you decide to invest in gold, it’s important to understand that while gold is known as a true store of value, it can be volatile. Therefore investing in gold while not at a risk of going to zero does contain a level of risk that may be uncomfortable for risk-averse investors.



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