5 Best Gold Stocks to Buy for Portfolio Diversification

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1. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 50

Newmont Corporation (NYSE:NEM) produces and explores gold. It is based in Denver, Colorado.

Mike Parkin, an analyst at National Bank, holds an Outperform rating on Newmont Corporation (NYSE:NEM) shares as of April 18.

The average price target placed on Newmont Corporation (NYSE:NEM) shares by analysts on Wall Street is $58.06, with a high forecast of $67. The shares were trading at $47.94 on April 27. This gives them an upside potential of 21.13%.

Newmont Corporation (NYSE:NEM) was found among the 13F holdings of 50 hedge funds in the fourth quarter, with a total stake value of $991 million.

Follow Newmont Corp (NYSE:NEM)

See also Top 15 Gold Producing Countries in the World and 12 Most Profitable Gold Stocks.

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