3 Gold Stocks to Buy Right Now
Most gold stocks surged upward in 2020 as the coronavirus pandemic led to an unnerving level of uncertainty and volatility in equity markets. Investors seeking safety flocked to gold, driving bullion prices to record highs, which in turn boosted revenues for gold mining companies.
This year, though, that gold rally has come to a grinding halt and shifted into reverse, triggering a sell-off in gold stocks. But that provides new investors with a better opportunity to scoop up shares of promising companies with strong growth potential in cash flows and shareholder returns. Here are three such top gold stocks you might want to consider buying now.
Barrick Gold's (NYSE: GOLD) size and scale of operations, and its hunger for growth, make its stock one of the best bets in the gold industry. Barrick's mega-merger with Randgold in 2018 created the world's largest gold mining company until Newmont Mining acquired Goldcorp the following year. Ever since, Barrick's CEO Mark Bristow has been vocal about the need for further consolidation in the gold industry, and his own interest in participating in that consolidation.
Source Fool.com
