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Best Gold Stocks to Buy Now (2023)
Top gold stocks in 2023 ranked by overall Zen Score. See the best gold stocks to buy now, according to analyst forecasts for the gold industry.

Industry: Gold
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
BTG
B2GOLD CORP
NYSEMKT
Gold
$4.16B$3.20-2.14%N/A12.31x0.20
ORLA
ORLA MINING LTD
NYSEMKT
Gold
$924.40M$2.94-2.33%$119.06M17.29x0.42
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$26.24B$52.90-1.14%$4.45B9.91x0.47
SSRM
SSR MINING INC
NASDAQ
Gold
$2.33B$11.42-1.97%$438.44M11.20x0.32
GFI
GOLD FIELDS LTD
NYSE
Gold
$13.02B$14.61-0.68%$1.23B18.26x0.71
GAU
GALIANO GOLD INC
NYSEMKT
Gold
$145.09M$0.65-3.87%$66.13M2.39x0.05
IDR
IDAHO STRATEGIC RESOURCES INC
NYSEMKT
Gold
$82.98M$6.77-3.56%$2.81M56.42x0.21
SBSW
SIBANYE STILLWATER LTD
NYSE
Gold
$3.11B$4.39-2.44%$1.66B3.06x0.86
FNV
FRANCO NEVADA CORP
NYSE
Gold
$20.64B$107.45-2.42%$1.07B30.27x0.03
AU
ANGLOGOLD ASHANTI (PTY) LTD
NYSE
Gold
$7.86B$18.77-1.26%$470.00M26.44x0.96
AGI
ALAMOS GOLD INC
NYSE
Gold
$5.64B$14.24-2.00%$485.20M27.92x0.36
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$7.77B$118.27-2.29%$480.07M33.32x0.19
KGC
KINROSS GOLD CORP
NYSE
Gold
$7.11B$5.79-1.53%$1.51B52.64x0.73
WPM
WHEATON PRECIOUS METALS CORP
NYSE
Gold
$21.80B$48.13-1.57%$733.75M40.68x0.01
TRX
TRX GOLD CORP
NYSEMKT
Gold
$107.72M$0.39-1.77%$14.08M38.80x0.43
EGO
ELDORADO GOLD CORP
NYSE
Gold
$2.60B$12.83-1.76%$445.91M45.82x0.41
IAG
IAMGOLD CORP
NYSE
Gold
$1.15B$2.38-5.56%$362.90M9.15x1.02
OR
OSISKO GOLD ROYALTIES LTD
NYSE
Gold
$2.60B$14.02-1.68%$95.16M83.45x0.25
PAAS
PAN AMERICAN SILVER CORP
NYSE
Gold
$5.61B$15.39-3.27%$322.12M-16.55x0.54
EQX
EQUINOX GOLD CORP
NYSEMKT
Gold
$1.66B$5.29-2.40%$270.73M33.06x0.81
GOLD
BARRICK GOLD CORP
NYSE
Gold
$30.58B$17.42-0.63%$2.90B580.67x0.60
CMCL
CALEDONIA MINING CORP PLC
NYSEMKT
Gold
$228.34M$11.90-2.06%N/A-17.27x0.20
HYMC
HYCROFT MINING HOLDING CORP
NASDAQ
Gold
$41.44M$2.05-4.21%-$35.65M-0.71x8.38
USAU
US GOLD CORP
NASDAQ
Gold
$34.21M$3.68-5.64%-$8.45M-3.76x0.38
CGAU
CENTERRA GOLD INC
NYSE
Gold
$1.28B$5.87-2.65%-$28.89M-8.15x0.28
AUST
AUSTIN GOLD CORP
NYSEMKT
Gold
$10.37M$0.78-5.90%-$2.33M-4.46x0.01
CDE
COEUR MINING INC
NYSE
Gold
$1.14B$2.97-2.62%$136.87M-59.40x0.97
NEM
NEWMONT CORP
NYSE
Gold
$31.70B$39.89-1.60%$1.96B-38.73x0.99
ODV
OSISKO DEVELOPMENT CORP
NYSE
Gold
$231.07M$2.75-1.79%-$63.35M-2.63x0.31
PZG
PARAMOUNT GOLD NEVADA CORP
NYSEMKT
Gold
$22.54M$0.38-3.29%-$6.22M2.94x0.30
AAU
ALMADEN MINERALS LTD
NYSEMKT
Gold
$19.90M$0.150.00%-$7.05M-2.23x0.12
NGD
NEW GOLD INC
NYSEMKT
Gold
$937.77M$1.37-2.84%$202.30M-17.13x1.55
FSM
FORTUNA SILVER MINES INC
NYSE
Gold
$1.16B$3.79-3.32%$98.89M-9.97x0.50
IAUX
I-80 GOLD CORP
NYSEMKT
Gold
$469.94M$1.61-3.59%-$70.36M-4.13x0.65
SAND
SANDSTORM GOLD LTD
NYSE
Gold
$1.45B$4.89-1.81%$132.99M489.00x0.37
VGZ
VISTA GOLD CORP
NYSEMKT
Gold
$44.80M$0.37-2.89%-$6.38M-7.40x0.15
THM
INTERNATIONAL TOWER HILL MINES LTD
NYSEMKT
Gold
$96.38M$0.49-4.28%-$3.51M-24.60x0.00
NG
NOVAGOLD RESOURCES INC
NYSEMKT
Gold
$1.37B$4.09-2.62%-$36.44M-29.21x3,368.10
GLDG
GOLDMINING INC
NYSEMKT
Gold
$176.78M$1.000.00%-$16.13M-8.40x0.03
DC
DAKOTA GOLD CORP
NYSEMKT
Gold
$243.74M$2.810.00%-$28.28M-4.76x0.03
NFGC
NEW FOUND GOLD CORP
NYSEMKT
Gold
$639.83M$3.59-4.01%-$60.17M-10.32x0.22
GORO
GOLD RESOURCE CORP
NYSEMKT
Gold
$29.89M$0.34-2.03%$5.75M-1.87x0.91
ARMN
ARIS MINING CORP
NYSEMKT
Gold
$434.98M$3.170.00%N/AN/A1.13
CTGO
CONTANGO ORE INC
NYSEMKT
Gold
$187.81M$19.98-1.72%-$43.31M-3.31x3.97
SA
SEABRIDGE GOLD INC
NYSE
Gold
$962.19M$11.60-5.77%N/A-40.99x0.79

Gold Stocks FAQ

What are the best gold stocks to buy right now in Dec 2023?

According to Zen Score, the 3 best gold mining stocks to buy right now are:

1. B2gold (NYSEMKT:BTG)


B2gold (NYSEMKT:BTG) is the top gold stock with a Zen Score of 59, which is 31 points higher than the gold industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. B2gold has seen its stock lose -6.98% over the past year, underperforming other gold stocks by -2 percentage points.

B2gold has an average 1 year price target of $4.25, an upside of 32.81% from B2gold's current stock price of $3.20.

B2gold stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering B2gold, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Orla Mining (NYSEMKT:ORLA)


Orla Mining (NYSEMKT:ORLA) is the second best gold stock with a Zen Score of 57, which is 29 points higher than the gold industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Orla Mining has seen its stock lose -20.75% over the past year, underperforming other gold stocks by -16 percentage points.

3. Agnico Eagle Mines (NYSE:AEM)


Agnico Eagle Mines (NYSE:AEM) is the third best gold stock with a Zen Score of 53, which is 25 points higher than the gold industry average of 28. It passed 19 out of 38 due diligence checks and has strong fundamentals. Agnico Eagle Mines has seen its stock return 5.06% over the past year, overperforming other gold stocks by 10 percentage points.

Agnico Eagle Mines has an average 1 year price target of $61.33, an upside of 15.94% from Agnico Eagle Mines's current stock price of $52.90.

Agnico Eagle Mines stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Agnico Eagle Mines, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the gold stocks with highest dividends?

Out of 17 gold stocks that have issued dividends in the past year, the 3 gold stocks with the highest dividend yields are:

1. Newmont (NYSE:NEM)


Newmont (NYSE:NEM) has an annual dividend yield of 5.39%, which is 3 percentage points higher than the gold industry average of 2.34%. Newmont's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Newmont's dividend has shown consistent growth over the last 10 years.

Newmont's dividend payout ratio of -169.9% indicates that its high dividend yield might not be sustainable for the long-term.

2. B2gold (NYSEMKT:BTG)


B2gold (NYSEMKT:BTG) has an annual dividend yield of 5%, which is 3 percentage points higher than the gold industry average of 2.34%. B2gold's dividend payout is stable, having never dropped by more than 10% in the last 10 years. B2gold's dividend has shown consistent growth over the last 10 years.

B2gold's dividend payout ratio of 61.5% indicates that its high dividend yield is sustainable for the long-term.

3. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 4.71%, which is 2 percentage points higher than the gold industry average of 2.34%. Caledonia Mining's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Caledonia Mining's dividend has shown consistent growth over the last 10 years.

Caledonia Mining's dividend payout ratio of -81.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are gold stocks down?

Gold stocks were down -2.08% in the last day, and down -3.85% over the last week.

We couldn't find a catalyst for why gold stocks are down.

What are the most undervalued gold stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued gold stocks right now are:

1. Galiano Gold (NYSEMKT:GAU)


Galiano Gold (NYSEMKT:GAU) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Galiano Gold has a valuation score of 71, which is 48 points higher than the gold industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Galiano Gold's stock has gained 13.76% in the past year. It has overperformed other stocks in the gold industry by 19 percentage points.

2. Sibanye Stillwater (NYSE:SBSW)


Sibanye Stillwater (NYSE:SBSW) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Sibanye Stillwater has a valuation score of 71, which is 48 points higher than the gold industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Sibanye Stillwater's stock has dropped -59.46% in the past year. It has underperformed other stocks in the gold industry by -54 percentage points.

3. Eldorado Gold (NYSE:EGO)


Eldorado Gold (NYSE:EGO) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Eldorado Gold has a valuation score of 57, which is 34 points higher than the gold industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Eldorado Gold's stock has gained 59.58% in the past year. It has overperformed other stocks in the gold industry by 65 percentage points.

Are gold stocks a good buy now?

48.15% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 31.71% over the next year.

What is the average p/e ratio of the gold industry?

The average P/E ratio of the gold industry is 98.33x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.