From Yahoo Finance: 2025-03-29 07:04:00

Market volatility is on the rise due to President Trump’s tariff actions against trade partners like Canada, Mexico, and China. Gold, a safe haven, has surged 16% to over $3,000 per ounce, signaling investor nervousness. Analysts see potential gains in gold mining stocks like Newmont and Royal Gold amid turbulent markets.

Newmont, a leading American mining company, reported 134.1 million ounces of gold reserves, with 6.8 million ounces produced in 2024. Analysts believe the stock is undervalued and predict an 18% upside potential with a $57 price target. Newmont currently has a Moderate Buy consensus rating.

Royal Gold, a Colorado-based gold company operating through royalty interests, reported increasing revenues and earnings in 2024. Analysts are optimistic about growth potential, projecting a 10% stock gain with a $178 price target. Royal Gold holds a Moderate Buy consensus rating with a $161.30 trading price.

Both Newmont and Royal Gold offer stability and growth opportunities in uncertain markets. Analysts recommend considering these stocks for potential returns. Make informed investment decisions by conducting thorough analysis before investing.

Read more: Jefferies Selects 2 Top Gold Stocks to Buy