NEM and GOLD have a forward dividend yield of 4.9%; the highest since we initiated coverage on the seniors in mid-2020.
Gold Stocks Likely to Outperform Gold in a Rally Our analysts are expecting a rally in gold prices as the Fed is likely to take a less hawkish stance in its meeting next month due to weaker economic activities and GDP growth.
They believe high inflation and slower-than-expected rate hikes are highly conducive for gold.
Analysts are expecting a rally in gold prices, and believe NEM and GOLD have higher upside potential than the metal.