10 Best Gold Stocks To Buy Right Now

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2. Newmont Mining Corp (NYSE:NEM)

In Newmont Mining Corp (NYSE:NEM), 32 investors held long positions at the end of March, compared to 34 a quarter earlier. Subsequently, the total value of their positions dropped to $427.67 million from $676 million.

In June, Raymond James initiated coverage on Newmont Mining Corp (NYSE:NEM) with an ‘Outperform’ rating and $43 price target. The firm’s analysts believe that the company is succeeding in optimizing its portfolio and has a strong balance sheet. In addition, Newmont Mining Corp (NYSE:NEM), which is the largest gold producer in the U.S and the only gold mining stock in the S&P 500, has recently retired its 1.625% senior notes worth $575 million, which expired on July 15. Following the withdrawal of the senior notes, Newmont Mining Corp (NYSE:NEM)’s debt stands at slightly over $4 billion, with the bulk of it (around 85%) not due before 2022.

 NAR studio/Shutterstock.com

NAR studio/Shutterstock.com

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