Top 8 Gold Mining Stocks to Invest in Today

Discussion in 'Bullion Investing' started by Peter T Davis, Jan 23, 2012.

  1. Peter T Davis

    Peter T Davis Hammer at the Ready Moderator

    With the economy making a return from the recent Great Recession, but still volatile, smart money is continuing to bet on commodities stocks, especially the stocks and warrants of gold mining companies. Many economic analysts are betting on inflation in the near future, perhaps hyper inflation, as a reprecussion to the numerous government programs which dumped cheap money into the economy. Many real estate experts are also predicting a second large round of foreclosures, which will continue to rock the economy into the next decade. With such news, gold mining stock and warrants are holding value and increasing, as gold tends to perform well in these economic situations. Some of the top gold mining stocks available:

    Yamana Gold, ticker symbol AUY: Traded on the New York Stock Exchange, Yamana Gold stock is a high volume derivative of the commodities group Yamana Gold, which specializes in the development, operation, and exploration of gold mines and properties.
    Goldcorp Incorporated, ticker symbol GG: Also traded on the New York Stock Exchange, Goldcorp Incorporated is a stock to own for more continental exposure to the commodities market, as the company explores and develops properties not only in the United States, but also in Canada, Mexico, and Central and South America.
    Barrick Gold Corporation, ticker symbol ABX: Barrick Gold is one of the more popular and larger gold development and mining companies, and develops gold mines with a truly worldwide focus. With a market cap of more than US $50 billion, the stock closely monitors the price of gold and is a good bet to properly mimic true value in the market.
    Newmont Mining Corporation, ticker symbol NEM: A slightly smaller gold mining operation because of its focus in commodity rich Middle Eastern countries, Newmont Mining Corporation has been a good performer ever since it opened operations in Peru and solidified its market there.
    Newmont Mining Corporation, ticker symbol AU: This company is most noted for its operations in North Africa. If you want to bet on Africa as a continuing source for commodities, the Newmont Mining Corporation is your stock to own.
    Eldorado Gold Corp, ticker symbol EGO: Another established company on the New York Stock Exchange. Perhaps a bit more volatile, this mining operation does really well when good times hit. Use if you are looking for a bit more of a risk with a higher reward possible.
    Hecla Mining Company, ticker symbol HL: This company’s claim to fame is 100% ownership of the Lucky Friday unit in Northern Idaho and the Greens Creek mine in Juneau, Alaska. A domestic force, this mining company is set for massive gains if either one of their full holdings breaks out.
    Coeur d’Alene Mines Corporation, ticker symbol CDE: Rounding out our list is the Coeur d’Alene Mines Corporation, which specializes in South American, Mexican, and most notably, Australian properties for gold and other commodities. One of the older and more established mining companies on the list, Coeur d’Alene Mines is a proven safe long term bet.
     
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  3. Suzanne1

    Suzanne1 New Member

    Thanks for sharing. It is good to know where the companies and mines are located.
     
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