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4 Gold Stocks to Watch Despite the Metal Losing its Sheen

The prospects for the Zacks Mining - Gold industry seem dull owing to lackluster gold prices.  The metal lost steam early this year amid vaccine rollouts and optimism over economic recovery, and is currently trading below the psychological level of $1,800 an ounce, on a stronger U.S dollar.  While geopolitical tensions, the emergence of coronavirus strains, and demand in China and India might lend support, volatility remains a concern.

Nevertheless, Barrick Gold Corporation GOLD, Franco-Nevada Corporation FNV, Agnico Eagle Mines Limited AEM, and Yamana Gold Inc. AUY are well poised on their strong balance sheets and initiatives to lower costs.

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Barrick Gold Corporation (GOLD): Free Stock Analysis Report
Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report
Yamana Gold Inc. (AUY): Free Stock Analysis Report
FrancoNevada Corporation (FNV): Free Stock Analysis Report
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