One of the best-performing assets in 2020 has been gold. In August of last year, the price of gold reached an all-time high of $2,067.15 per ounce. Concerns about inflation and a positive outlook among investors have driven gold prices higher once more. By 2026, it is predicted that the worldwide gold mining market would be valued at more than $249 billion. Newmont Corporation, Barrick Gold Corporation, and Wheaton Precious Metals Corp. are three of the best gold stocks to buy right now.
Here is Insider Monkey’s list of the 10 best gold stocks to buy right now. In August, Gold Fields Limited announced earnings for the first half of the year. Revenue was close to $2 billion over time, up more than 2% year over year. As it reported earnings, the company also increased its full-year guidance. Joe Reagor, a Roth Capital analyst, just resumed coverage of Hecla Mining Company with a Buy rating and a $7.50 price target. The company’s fundamentals are robust, and it is likely to recover from the short-term setback. Royal Gold, Inc. is a Colorado-based company that buys and operates precious metals-related businesses. In the second quarter, profits per share and revenue exceeded market estimates. In July, it also declared a $0.30 per share quarterly dividend. RIO has put aside $7.5 billion to reduce the company’s carbon emissions by half by the end of this decade. The announcement has been met with enthusiasm by analysts and campaigners. Oddo BHF upgraded Rio Tinto Group from Underperform to Neutral. KeyBanc and Canaccord just gave Franco-Nevada Corporation good coverage. The company declared a $0.30 quarterly dividend in August, with a forward yield of 0.77 percent. In the second quarter, it outperformed the market in terms of earnings per share and revenue. For more details, click 10 Best Gold Stocks To Buy Right Now.
