For starters, gold mining stocks are shares of publicly traded companies that are engaged in the exploration, extraction, processing, and production of gold. These companies generally have operations in countries where gold is abundant. These countries include Canada, the United States, South Africa, Russia and Australia.
Investing in gold mining stocks can be a way to diversify your investment portfolio. It can also be a way to potentially generate returns through the production and sale of gold. However, it is important to note that the price of gold mining stocks correlates with the price of gold, and the performance of these stocks can be affected by a variety of factors such as changes in gold prices. gold, changes in mining costs and the discovery of new deposits.
As with any investment, it is important to do your own research. As well as carefully consider the risks and potential rewards before making the decision to invest in gold mining stocks. With that in mind, here are two gold mining stocks to check out on the exchange right now.
Gold mining stocks to watch today
Barrick Gold (GOLD share)
The first standing Barrick Gold Corporation (GOLD) is a Canadian gold mining company. In fact, the company is one of the largest gold mining companies in the world. Barrick Gold Corporation is involved in the exploration, mining, processing and sale of gold as well as other minerals such as copper.
Last month, the company reported third quarter 2022 financial and operating results. Plunging, Barrick Gold reported third quarter 2022 earnings of $0.13 per share, along with revenue of $2.5 billion. of dollars. For context, Wall Street consensus estimates for Q3 2022 were earnings of $0.11 per share and revenue estimates of $3.1 billion.
Over the past month of trading, GOLD shares have rebounded 9.31%. Additionally, as of Wednesday’s close, the bell is up 1.27%, currently trading at $17.50 per share.
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Newmont Corporation (NEM shares)
Let’s talk now Newmont Company (NEM). Newmont Gold Corporation is a leading gold mining company headquartered in the United States. The company’s portfolio of assets is rooted in mining jurisdictions in North America, South America, Australia and Africa. The Company also has a number of development projects and exploration properties at various stages of development.
In November, Newmont Corporation announces that it will publish its guidance for 2023 and its financial results for the full year and the 4th quarter of 2022. In detail, the company will publish its results on Thursday, February 23, 2023. As a reminder, at the beginning of the Last month, NEM released its Q3 2022 financial results. In detail, the company announced earnings of $0.27 per share and revenue of $2.6 billion for the third quarter of 2022.
Over the past five trading days, shares of NEM have started to rebound 3.27%. Meanwhile, at Wednesday’s close, NEM stock closed down a slight 0.63% to $47.32 per share.
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