3 Dirt-Cheap Gold Stocks to Buy Right Now
Gold stocks move in tandem with gold prices, but the stocks of several leading gold-mining companies have taken a beating this year, even though their gold production and revenues have risen steadily in recent quarters. As of this writing for example, the largest gold-mining exchange-traded fund (ETF), VanEck Vectors Gold Miners ETF (NYSEMKT: GDX), which owns shares of some of the world's largest gold miners, including Barrick Gold (NYSE: GOLD) and Newmont (NYSE: NEM), is down 19% against gold price's 8.4% drop year to date.
That means top-notch gold stocks are cheap, and although it's hard to predict where gold prices are headed, a pullback in stock markets as feared amid rising coronavirus concerns could give gold prices, and gold stocks, a big leg up. Here are three such compelling stocks to buy now.
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Source Fool.com
