Best Gold Stocks Right Now

From an analytical perspective, ()Barrick Gold Corp is one of the world’s largest gold ducers, operating mines in North America, South America, Australia, and Africa

The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu

Moreover, In contrast, It generates maximum revenue from the Carlin mine segment

Geographically, it derives a majority of revenue from the United States. ()Open-Close-Vol / Avg

At the same time, - / -Mkt Cap-Day Range- - -52 Wk Range- - -Trade with PublicSellCompare Broketart Your Free 14-Day Benzinga TrialNewmont (NYSE:NEM)Newmont Corp is primarily a gold ducer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana

It's also engaged in the duction of copper, silver, lead and zinc, amid market uncertainty

What the re reveals is company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada

Newmont(NYSE:NEM)Quote (quite telling)

Last-: 7:18 AM (Delayed 15-Minutes)Get Real Time HereOpen-Close-Vol / Avg

Its primary focus is the extraction of gold

The data indicates that company vides traders an opportunity to invest in precious metals without incurring many of the costs and risks associated with mining cesses

Moreover, In September 2020, Royal Gold announced that it has entered into an agreement to sell its ownership interest in Peak Gold ject in Tok, Alaska, and its common position in Contango Ore Inc

Royal Gold(NASDAQ:RGLD)Quote

The company owns a diversified portfolio of precious metals and royalty s, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum

The company does not operate mines, develop jects, or conduct exploration

However, Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of duction from its portfolio of ducing assets

At the same time, Its long-term performance is affected by the availability of exploration and development capital

On the other hand, The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a ject, primarily located in the United States, Canada, and Australia (something worth watching)

Franco-Nevada(NYSE:FNV)Quote, given current economic conditions

Equinox Gold has around seven operating gold mines and a plan to increase duction by advancing a pipeline of growth jects

Furthermore, Equinox Gold(AMEX:EQX)Quote, amid market uncertainty

Last-: 6:07 AM (Delayed 15-Minutes)Get Real Time HereOpen-Close-Vol / Avg

Gold stocks not only track the movements of gold prices that tend to rise in uncertain times, but they also generally gain value in a rising stock market

Gold stocks could serve as a hedge to stocks you hold from other economic sectors

On the other hand, Meanwhile, Gold stocks can also be traded speculatively in the current economic environment (an important development)

Moreover, Keep in mind that gold stocks can vary considerably in price and investment quality, ranging from highly-rated stocks to pink-sheet penny stocks

The best gold stocks for your portfolio will depend on your risk tolerance and financial objectives

Conversely, Quick Look at the Best Gold Stocks:Newmont CorporationBerrick Gold CorporationKirkland Lake GoldTable of ContentsOverviewBest Online Brokers for Gold StocksFeatures to Look for in a Gold StockSee All 4 ItemsOverviewNewmont Corporation (NYSE: NEM) is the world’s largest gold mining stock

Additionally, Barrick Gold Corp. (NYSE: GOLD) is one of the largest gold mining companies in the world and is based in Toronto, Ontario, Canada

The company began operations as Brimstone Gold Corporation, growing through key acquisitions such as Foxpoint Resources in Vancouver and Kirkland Lake in Ontario

In contrast, Best Online Brokers for Gold StocksYou can buy gold stock through virtually any broker with access to major stock exchanges, given the current landscape

At the same time, Commission-free trading is also offered at many online stock brokerages

Brokers that you might consider when trading include: E*TRADE, T

Ameritrade, Charles Schwab or Interactive Brokers

Com ReviewBest For:Trading IdeasVIEW S & CONS:securely through public

Nevertheless, Com's websiteGet Started with public

ComRobinhood ReviewBest For:BeginnersVIEW S & CONS:securely through Robinhood's websiteGet Started with RobinhoodTradeZero ReviewBest For:Active Short Sellers With Modest CapitalVIEW S & CONS:securely through TradeZero's websiteGet Started with TradeZeroFeatures to Look for in a Gold StockA strong balance sheet: As with stocks in general, a strong balance sheet with consistent earnings per growth would qualify a stock for consideration

Furthermore, The balance sheet will also indicate the amount of cash on hand and the amount of debt outstanding

A miner needs cash flow to find more gold and to maintain the gold it holds in reserves, while more cash also generally indicates lower debt

Additionally, On the other hand, Location of mining operations: Most investment-grade mining companies operate multiple mines in their base country, as well as in other countries where the company owns an interest in mines and mining operations

Mines operated abroad could be at risk for a number of reasons, including geopolitical concerns, although most mining companies work with the governing bodies of the countries where their mines are located

On the other hand, Ideally, mines located abroad should be in politically stable countries in order to mitigate geopolitical risks

Nevertheless, Solid operating margins: In the gold mining, the better the margins, the higher the cash flow

The margins for gold miners tend to imve as the gold price trends higher, thereby fueling further upside in the price of gold stocks (something worth watching), in light of current trends

Is Now the Time to Buy

What the re reveals is gold mining sector has been one of the few segments of the overall economy that managed to gain value during the COVID-19 world health crisis (which is quite significant)

The gains in gold stocks can be attributed to the surge in the price of gold, with many companies adjusting to temporary mine closings all over the world, given current economic conditions

Remember, though, that certain stocks could suffer for reasons not related to the industry (quite telling)

Plus, the gold industry is not perfect, and it could run into slumps from time to time, in light of current trends

Moreover, Buying gold stock with gold at current levels makes sense if the price of gold holds strong and may present additional opportunities if the price of gold sells off

Nevertheless, Additionally, If you are looking for stocks by price, be sure to take a look at our other pages covering stocks by price

Or, check out some of our other favorites:You Invest by J

Morgan Charles SchwabE-TradeTD Ameritrade Read also: BEST GOLD PENNY STOCKSQAre gold stocks a good investment

However, ATypically, gold holds its value, so gold stocks are considered a good investment

However, QShould beginners invest in gold

AGold is easy to invest in, so yes, in gold is a great investment for beginners (fascinating analysis), given current economic conditions

A in gold is always a good investment if you are looking to balance your portfolio

Additionally, Ryan PetersonRyan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in from Indiana University

With over five years of experience, Ryan has crafted insightful content for multiple finance websites, including MoneyLion At Benzinga, he brings his expertise and passion for helping readers navigate the complex world of personal finance and, empowering them to make informed financial decisions.