In which stocks to invest next week? 2 gold stocks to know

Gold stocks are a type of investment that involves investing in companies that mine or process gold. As such, gold stocks can provide investors with exposure to the precious metal without having to physically own it. Additionally, gold stocks typically take the form of mutual funds or exchange-traded funds (ETFs). These types of investments can be volatile, as they are sensitive to changes in the price of gold. When the price of gold increases, gold stocks generally increase in value.

However, when the price of gold goes down, gold stocks usually go down as well. Gold stocks can be an attractive investment for those looking for exposure to gold, but it’s important to remember that they come with risks. Before investing in gold stocks, be sure to research the companies thoroughly and do your due diligence. Gold stocks may not be suitable for all investors. Given all that, check out these top gold stocks on the stock market next week.

Gold stocks to invest in [Or Avoid] Now

1. Newmont Corporation (NEM shares)

Starting, Newmont Corporation (NEM) is one of the world’s leading gold producers. The company currently operates in many countries around the world. Newmont is currently the largest gold producer in North America, and its New Akyem mine in Ghana is one of the largest gold mines in the world. Newmont is also one of the largest producers of silver, as well as copper, lead, zinc and other metals. Currently, NEM shareholders enjoy an annual dividend yield of 5.19%.

NEM Recent Stock Market News

This month, Newmont Corporation announced that it will release its third quarter 2022 financial and operating results on Tuesday, November 1, 2022. In addition, the company is expected to announce its third quarter 2022 results before market open.

NEM Stock Chart

Continuing, Newmont stock started to rebound 2.72% in the last month of trading. Meanwhile, NEM stock closed Friday’s trading day up 3.01% at $42.37 per share.

Source: TD Ameritrade Terms of Use

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2. Royal Gold (RGLD Action)

Next, Royal Gold Inc. (RGLD) is a United States-based company engaged in the acquisition, financing and flow management of precious metals and royalties. As of September 30, 2022, Royal Gold holds an interest in 186 properties across five continents. This includes interests in 41 producing mines and 20 development-stage projects. As it stands, RGLD has an annual shareholder dividend yield of 1.47%.

RGLD Recent Stock Market News

Earlier this month, Royal Gold released an update on its third-quarter 2022 stream segment sales. Plunging, the company said it sold approximately 56,100 gold equivalent ounces. Specifically, for the three months ending September 30, 2022, this consisted of approximately 43,700 ounces of gold, 614,100 ounces of silver and 1,200 tonnes of copper. Additionally, RGLD said its average realized gold price for the third quarter of 2022 was $1,757 per ounce.

RGLD Stock Chart

Apart from that, in the last month of trading action, RGLD shares have recovered 8.05%. Additionally, as of Friday’s close, RGLD stock closed up 4.06% at $95.30 per share.

RGLD Stock Chart
Source: TD Ameritrade Terms of Use

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