The best gold stocks now • Updated daily • Benzinga

If you are planning to diversify your investment portfolio in light of recent events, investing in gold stocks may be a good option. Not only do gold stocks track gold price movements, which tend to rise during times of uncertainty, but they also generally gain value in a rising stock market.

Gold stocks can act as a hedge for stocks you hold from other economic sectors. Gold stocks can also be traded speculatively in the current economic environment.

Keep in mind that gold stocks can vary widely in price and investment quality, ranging from highly rated stocks to highly rated stocks. Pink paper penny stock. The best gold stocks for your portfolio will depend on your risk tolerance and financial goals.

A quick look at the best gold stocks:

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Newmont Company (NYSE: NEM) is the world’s largest gold mining stock. The Greenwood Village, Colorado-based company was founded in 1921 after being founded by William Boyce Thompson in 1916. The company employs 24,000 people worldwide.

Barrick Gold Company (NYSE:GOLD) is one of the world’s largest gold mining companies and is headquartered in Toronto, Ontario, Canada. The company was founded by Peter Munk and was listed as a publicly traded company on the Toronto Stock Exchange in 1983.

Kirkland Gold Lake The company (NYSE: KL) is based in Toronto and was founded by Brian Hinchcliffe and Harry Dobson in 1994. The company began operations as Brimstone Gold Corporation, and has grown through key acquisitions such as Foxpoint Resources in Vancouver and Kirkland Lake in Ontario.

Best online brokers for gold stocks

You can buy gold stocks through any broker that has access to the major exchanges. Commission-free trading is also offered at many online stock brokerages. Some of the best US brokers you might consider when trading are: E*TRADE, TD Ameritrade, Charles Schwab or Interactive Brokers.

Features to look for in gold stocks

• Strong balance sheet: As with stocks in general, the balance sheet is strong and consistent Earnings per share Growth would qualify the stock for consideration. The balance sheet will also indicate the amount of cash on hand and the amount of debt owed. A miner needs cash flow to find more gold and maintain the gold it holds in reserves, while more cash also generally indicates less debt.
• Mining operations location: Most investment grade mining companies operate multiple mines in their home country, as well as in other countries where the company has an interest in mines and mining operations. Mines operating offshore can be vulnerable for a number of reasons, including geopolitical concerns, although most mining companies work with governing bodies in the countries where their mines are located. Ideally, offshore mines should be in politically stable countries in order to mitigate geopolitical risks.
• Solid Operating Margins: In a gold mining business, the better the margins, the greater the cash flow. Gold miners’ margins tend to improve as gold prices rise, leading to a further rise in gold stock prices.

Is now a good time to buy?

The gold mining sector was one of the few sectors in the overall economy that was able to gain value during the COVID-19 global health crisis. The gains in gold stocks can be attributed to the rise in the price of gold, with many companies adjusting to the temporary closure of mines around the world. Remember, however, that some stocks may suffer for reasons unrelated to their industry. In addition, the gold industry is not perfect, and may experience recessions from time to time.

Buying gold stocks with gold at current levels makes sense if the gold price remains strong and may provide additional opportunities if the gold price sells off.

If you’re looking for stocks by price, be sure to take a look at our other pages covering stocks by price.

If you’re looking to buy gold stocks, check out… Benzinga online broker ratings.

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