This is the symbol that is used to represent a specific company on the exchanges when the company is involved in the gold sector in any way. There are many companies to choose from for investing and each will offer certain benefits and potential rewards as well as certain risks and possible drawbacks. The number of companies around the globe who are involved with gold in some form may be surprising to many investors.
Goldgroup Mining Inc., ticker symbol GGA.TO, is one of the companies that are very popular with investors. This company is based in Canada and traded on the Toronto Stock Exchange. Another favorite choice for traders is Balmoral Resources Ltd., BAR.V. Another top pick for investors who are looking for stocks is Barrick Gold Corp., which trades under the symbol ABX.
Each symbol and company should be thoroughly researched and evaluated by the investor. There are many investment options for companies, and each stock will have different attributes, risks, and disadvantages. Investors should always do the needed stock comparisons and evaluations before choosing a company to invest in. Goldcorp Inc. (GG) is another choice that many investors like. Companies in foreign countries may require additional research so that the political climate of the country can also be evaluated, because this is a very relevant factor.
Newmont Mining Corp. (NEM) is an American based company that mines for gold and other metals. This company is also involved in location research and development, and it has a number of promising developments in the works that may interest investors. AngloGold Ashanti Ltd. is an Australian company that trades under AGG.AX and this company is a top pick for investors in the gold sector.
No two symbols will be identical and the trading symbol makes it easy to research and evaluate the stock and underlying company completely. There are many finance websites and tools that can help with stock research. These sites can provide historical information and current data about each company and stock choice.