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Best Gold Penny Stocks

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Gold Resource Corporation Common Stock (AMEX: GORO)

This American mining company has mining interests in Oaxaca, Mexico and Nevada. In 2019, these mines reached a record in production, outputting 40,318 ounces of gold. The company also produced 1,732,604 ounces of silver (which you would benefit from as an investor in the stock).

Numbers will continue into the near future. Analysts are confident in the stock based on the reputation of the company’s past guidance. Many professional opinions give GORO an undervalued rating.

The company also gave out $113 million to its investors through its dividend of $0.04 per share on a monthly basis. Considering the price of the stock, the dividend currently stands at 1.41%. This percentage is rather modest compared to industry averages, but most investors are in GORO for growth, not cash flow. However, the low payout ratio of 9.6% suggests that GORO has no trouble providing this dividend and could increase it should the need arise. GORO has enjoyed 9 straight years of profitability — a good sign in a speculative industry like gold mining.

2.67 -0.02 (-0.74%)
Volume 1.78M Market Cap 191.88M
2.66 - 2.7367
2.02 - 6.24
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Precipitate Gold (OTC: PREIF)

Based out of Vancouver, Precipitate Gold focuses on gold and base metal exploration. A majority of Precipitate Gold’s mining activities takes place in the Pueblo Viejo Mining Camp and Tireo Gold Trend in the Dominican Republic.

Precipitate Gold Corp.’s market cap of $20 million translates to a daily trade volume of 53,896 shares and a 1-year return rate of 44.15%.

0.17 -0.0077 (-4.32%)
Volume 30.01K Market Cap 18.22M
0.1713 - 0.1848
0.057 - 0.3019
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Harmony Gold Mining Co (NYSE: HMY)

Founded in 1950, Harmony Gold Mining Company is a gold mining and exploration company. It is the largest gold producer in South Africa. Harmony Gold Mining Company operates several gold mines across Witwatersrand Basin, Klerksdorp, West Rand and Free State.

The gold stock has a market cap of $2.66 billion. It has a 52-week low of $1.76 and a 52-week high of $7.61. Harmony Gold Mining Company has high liquidity and trades more than 4.1 million shares per day. It generated revenue of $26 billion in 2019.

4.42 0.01 (0.23%)
Volume 4.11M Market Cap 2.64B
4.32 - 4.48
1.76 - 7.61
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Gold Penny Stock Movers of the Day

A time-tested way to find a gold penny stock opportunity is to check the market for big movers. Gold is traditionally considered a stable investment and stocks devoted to gold that experience high volatility should be investigated. You may find an opportunity to get in at a low price or ride the wave of a breakout, depending on your investment strategy.

Take a look at some of the biggest gold movers of the day to get a feel for the market. These stocks can also serve as a jumping-off point for your research into the precious metal industry.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket Gold Penny Stocks
Symbol Last Price Change % Change Trade
HMY 4.43 0.02 0.45% Trade
Symbol Last Price Change % Change Trade
IAG 3.395 -0.065 -1.88% Trade
KOR 2.255 -0.02 -0.88% Trade
Market Gold Penny Stocks
Symbol Last Price Change % Change Trade
IAG 3.48 0.02 0.57% Trade
Symbol Last Price Change % Change Trade
After Hours Gold Penny Stocks
Symbol Last Price Change % Change Trade
IAG 3.4 0.005 0.14% Trade
Symbol Last Price Change % Change Trade

Gold has continued to be 1 of the safest stores of value for decades. Most people investing in gold today have never actually seen gold bullion in person. The government makes you jump through hoops to own real gold, but gold penny stock is only a few mouse clicks away.

Here, we’ll take a look at how to invest in low-cost gold stocks to protect your portfolio and possibly benefit from growth in the precious metal asset class.

Overview: Gold Stocks

Of all the precious metals, gold has always been the most popular investment vehicle. Some experts believe this is because of gold’s utility as a malleable metal. Others think that the value of gold is mostly nostalgic because it was used as the value standard for U.S. currency until 1971. That year’s Nixon Shock economic policy measures suspended the direct conversion between paper money and gold and created the fiat currency we have today.

Before gold stocks became widely available, gold was traded in pure bullion and certificates. In 1933, Executive Order 6102 prohibited American citizens from owning or trading gold bullion. The 1934 United States Gold Reserve Act required that all Americans give up their gold and gold certificates into the possession of the United States Treasury. Both measures were taken to fight the deflationary monetary cycle of the Great Depression. 

Many people still believe it’s illegal to own physical gold but this is not true. The measures of the 1930s were relaxed in the 1970s with Public Law 93-373. It’s now quite possible but difficult for the average American citizen to own gold bullion. 

Easier methods of investing in gold today include stocks, options, certificates, exchange-traded funds (ETFs), closed-end funds (CEFs), exchange-traded notes (ETNs), futures and contracts for differences (CFDs). All of these investment vehicles are known as derivatives of gold.

Owning pure gold became less common after the 1930s. Gold stocks and options appeared as a convenient way for investors to profit from the movement in gold prices and invest in gold mining operations. The 1st gold ETF, Gold Bullion Securities, appeared on the Australian stock exchange in March 2003 and held the ticker symbol GOLD. 

Best Online Brokers for Gold Stock

The broker that you choose will have a huge effect on your success rate in trading gold penny stocks. Good execution, solid uptime and an intuitive user interface are just some of the features that you should look for. Consider the table below of reputable online brokers.

Best For
Intermediate Traders and Investors
Overall Rating
Get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in mutual funds, bonds or OTC stocks
Best For
Futures Trading
Overall Rating
Get started securely through TradeStation’s website
Best For
Futures Trading
N/A
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Best For
Options Trading
Overall Rating
Get started securely through TD Ameritrade’s website
Best For
Options Trading
N/A
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates
Best For
Advanced traders
Overall Rating
Get started securely through Moomoo’s website
Best For
Advanced traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For
  • Cost-conscious traders
  • Novice traders
  • Active/Advanced traders
Pros
  • Free Level 2 market data for all users who open an account
  • Commission-free trading in over 5,000 different stocks and ETFs
  • Over 8,000 different stocks that can be sold short
  • $0 contract fee for trading options, no commission either
  • Strong market data and analysis tools with over 50 technical indicators
  • Access trading and quotes in pre-market (4 a.m. to 9:30 a.m. ET) and post-market hours (4 p.m. to 8 p.m. ET)
  • No minimum deposit to open an account.
  • Active trading community with more than 100,000 app users
Cons
  • No phone or chat support

Get a Deal with Gold Penny Stocks

Gold continues to be a popular investment in low-cost speculation markets. If you are looking to invest in a commodity that has held its own, you can’t get much better than gold. 

Consider the added risks of investing in gold derivatives before committing yourself to your plays. When it comes to moving in the marketplace, not all gold is created equal.

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