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Best Gold Stocks to Buy Now (2024)
Top gold stocks in 2024 ranked by overall Zen Score. See the best gold stocks to buy now, according to analyst forecasts for the gold industry.

Industry: Gold

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
IDR	IDAHO STRATEGIC RESOURCES INC	NYSEMKT	Gold	$160.56M	$12.39	-6.77%	$6.92M	31.77x	0.16
GFI	GOLD FIELDS LTD	NYSE	Gold	$11.92B	$13.34	-1.84%	$1.23B	16.89x	0.81
RGLD	ROYAL GOLD INC	NASDAQ	Gold	$8.81B	$134.04	-2.54%	$486.34M	36.72x	0.10
KGC	KINROSS GOLD CORP	NYSE	Gold	$10.24B	$8.33	-4.14%	$2.03B	20.83x	0.66
GOLD	BARRICK GOLD CORP	NYSE	Gold	$33.30B	$19.00	-2.36%	$4.66B	22.09x	0.58
CMCL	CALEDONIA MINING CORP PLC	NYSEMKT	Gold	$241.73M	$12.59	0.08%	N/A	20.98x	0.27
AGI	ALAMOS GOLD INC	NYSE	Gold	$7.23B	$18.10	-1.47%	$533.80M	35.49x	0.36
WPM	WHEATON PRECIOUS METALS CORP	NYSE	Gold	$26.29B	$57.98	-3.17%	$867.93M	45.98x	0.01
AEM	AGNICO EAGLE MINES LTD	NYSE	Gold	$38.44B	$76.89	-2.31%	$2.83B	64.08x	0.47
CGAU	CENTERRA GOLD INC	NYSE	Gold	$1.37B	$6.39	-4.63%	$428.73M	9.98x	0.32
EGO	ELDORADO GOLD CORP	NYSE	Gold	$3.21B	$15.82	-3.60%	$460.37M	25.93x	0.41
VGZ	VISTA GOLD CORP	NYSEMKT	Gold	$71.54M	$0.59	5.60%	$11.50M	5.85x	0.04
BTG	B2GOLD CORP	NYSEMKT	Gold	$3.47B	$2.65	-1.49%	N/A	-24.09x	0.36
EQX	EQUINOX GOLD CORP	NYSEMKT	Gold	$2.23B	$5.21	-4.75%	$697.80M	8.54x	1.08
IAG	IAMGOLD CORP	NYSE	Gold	$2.74B	$4.81	-4.18%	$421.50M	-22.90x	0.89
GAU	GALIANO GOLD INC	NYSEMKT	Gold	$336.33M	$1.31	-2.24%	$31.50M	32.75x	0.99
FSM	FORTUNA MINING CORP	NYSE	Gold	$1.27B	$4.16	-3.26%	$326.86M	N/A	0.48
ARMN	ARIS MINING CORP	NYSEMKT	Gold	$710.75M	$4.20	-5.41%	$125.06M	46.67x	0.87
ORLA	ORLA MINING LTD	NYSEMKT	Gold	$1.25B	$3.90	-2.26%	$88.46M	-130.00x	0.30
OR	OSISKO GOLD ROYALTIES LTD	NYSE	Gold	$3.07B	$16.50	-1.90%	-$15.12M	-45.83x	0.14
TRX	TRX GOLD CORP	NYSEMKT	Gold	$105.68M	$0.38	-0.79%	N/A	N/A	0.57
SAND	SANDSTORM GOLD LTD	NYSE	Gold	$1.61B	$5.40	-2.35%	$148.76M	54.00x	0.30
FNV	FRANCO NEVADA CORP	NYSE	Gold	$22.67B	$117.88	-1.32%	-$162.20M	-38.65x	0.05
THM	INTERNATIONAL TOWER HILL MINES LTD	NYSEMKT	Gold	$98.65M	$0.49	-2.37%	-$3.40M	-24.70x	0.00
PAAS	PAN AMERICAN SILVER CORP	NYSE	Gold	$6.76B	$18.62	-3.47%	$654.20M	-53.20x	0.53
AUST	AUSTIN GOLD CORP	NYSEMKT	Gold	$12.41M	$0.94	0.97%	-$2.49M	-4.90x	0.01
NEM	NEWMONT CORP	NYSE	Gold	$57.76B	$50.34	-3.06%	$1.37B	-18.51x	0.89
PZG	PARAMOUNT GOLD NEVADA CORP	NYSEMKT	Gold	$28.00M	$0.44	5.26%	-$6.15M	3.38x	0.52
CDE	COEUR MINING INC	NYSE	Gold	$2.11B	$5.28	-3.83%	$133.69M	-26.40x	1.08
SSRM	SSR MINING INC	NASDAQ	Gold	$988.25M	$4.89	-2.78%	-$293.48M	-2.07x	0.40
NGD	NEW GOLD INC	NYSEMKT	Gold	$1.84B	$2.33	-2.92%	$225.60M	-77.67x	1.11
USAU	US GOLD CORP	NASDAQ	Gold	$56.13M	$5.23	-0.38%	-$6.78M	-7.07x	0.29
ODV	OSISKO DEVELOPMENT CORP	NYSE	Gold	$175.09M	$2.05	-5.53%	-$127.17M	-1.30x	0.36
GLDG	GOLDMINING INC	NYSEMKT	Gold	$168.65M	$0.92	-0.33%	-$16.70M	-9.55x	0.04
SA	SEABRIDGE GOLD INC	NYSE	Gold	$1.42B	$15.97	-2.80%	N/A	221.81x	0.66
HYMC	HYCROFT MINING HOLDING CORP	NASDAQ	Gold	$48.52M	$2.02	-2.88%	-$34.56M	-0.73x	-16.98
CNL	COLLECTIVE MINING LTD	NYSEMKT	Gold	$222.42M	$3.26	-1.51%	N/A	N/A	0.15
NFGC	NEW FOUND GOLD CORP	NYSEMKT	Gold	$476.48M	$2.47	-4.63%	-$49.12M	-9.29x	0.17
IAUX	I-80 GOLD CORP	NYSEMKT	Gold	$372.96M	$0.97	-2.52%	-$46.58M	-3.59x	0.63
DC	DAKOTA GOLD CORP	NYSEMKT	Gold	$215.42M	$2.30	-0.86%	-$35.37M	-5.48x	0.07
NG	NOVAGOLD RESOURCES INC	NYSEMKT	Gold	$1.23B	$3.69	-3.66%	-$30.64M	-28.38x	-5.43
SBSW	SIBANYE STILLWATER LTD	NYSE	Gold	$2.48B	$3.51	-3.31%	-$1.96B	-1.24x	1.87
GORO	GOLD RESOURCE CORP	NYSEMKT	Gold	$31.61M	$0.34	-3.98%	-$7.86M	-0.73x	1.43
NVA	NOVA MINERALS LTD	NASDAQ	Gold	N/A	$6.00	0.00%	N/A	N/A	0.08
CTGO	CONTANGO ORE INC	NYSEMKT	Gold	$230.28M	$18.96	-2.77%	-$72.39M	-2.24x	-3.47

Gold Stocks FAQ

What are the best gold stocks to buy right now in Sep 2024?

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

1. Idaho Strategic Resources (NYSEMKT:IDR)

Idaho Strategic Resources (NYSEMKT:IDR) is the top gold stock with a Zen Score of 69, which is 43 points higher than the gold industry average of 26. It passed 23 out of 33 due diligence checks and has strong fundamentals. Idaho Strategic Resources has seen its stock return 132.2% over the past year, overperforming other gold stocks by 116 percentage points.

Idaho Strategic Resources has an average 1 year price target of $14.00, an upside of 12.99% from Idaho Strategic Resources's current stock price of $12.39.

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

2. Gold Fields (NYSE:GFI)

Gold Fields (NYSE:GFI) is the second best gold stock with a Zen Score of 56, which is 30 points higher than the gold industry average of 26. It passed 21 out of 38 due diligence checks and has strong fundamentals. Gold Fields has seen its stock return 8.46% over the past year, underperforming other gold stocks by -8 percentage points.

Gold Fields has an average 1 year price target of $15.90, an upside of 19.19% from Gold Fields's current stock price of $13.34.

Gold Fields stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Gold Fields, 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.

3. Royal Gold (NASDAQ:RGLD)

Royal Gold (NASDAQ:RGLD) is the third best gold stock with a Zen Score of 54, which is 28 points higher than the gold industry average of 26. It passed 20 out of 38 due diligence checks and has strong fundamentals. Royal Gold has seen its stock return 23.28% over the past year, overperforming other gold stocks by 7 percentage points.

Royal Gold has an average 1 year price target of $157.33, an upside of 17.38% from Royal Gold's current stock price of $134.04.

Royal Gold stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Royal Gold, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 50% have issued a hold, while 16.67% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the gold stocks with highest dividends?

Out of 14 gold stocks that have issued dividends in the past year, the 3 gold stocks with the highest dividend yields are:

1. B2gold (NYSEMKT:BTG)

B2gold (NYSEMKT:BTG) has an annual dividend yield of 4.53%, which is 3 percentage points higher than the gold industry average of 1.8%. 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 -109.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Caledonia Mining (NYSEMKT:CMCL)

Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 4.45%, which is 3 percentage points higher than the gold industry average of 1.8%. 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 93.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Pan American Silver (NYSE:PAAS)

Pan American Silver (NYSE:PAAS) has an annual dividend yield of 2.15%, which is the same as the gold industry average of 1.8%. Pan American Silver's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Pan American Silver's dividend has not shown consistent growth over the last 10 years.

Pan American Silver's dividend payout ratio of -114.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are gold stocks down?

Gold stocks were down -2.49% in the last day, and down -5.48% over the last week. Kinross Gold was the among the top losers in the gold industry, dropping -4.14% yesterday.

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the dollar.

What are the most undervalued gold stocks?

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

1. Barrick Gold (NYSE:GOLD)

Barrick Gold (NYSE:GOLD) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Barrick Gold has a valuation score of 43, which is 30 points higher than the gold industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Barrick Gold's stock has gained 19.95% in the past year. It has overperformed other stocks in the gold industry by 3 percentage points.

2. Equinox Gold (NYSEMKT:EQX)

Equinox Gold (NYSEMKT:EQX) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Equinox Gold has a valuation score of 43, which is 30 points higher than the gold industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Equinox Gold's stock has gained 12.28% in the past year. It has underperformed other stocks in the gold industry by -4 percentage points.

3. Centerra Gold (NYSE:CGAU)

Centerra Gold (NYSE:CGAU) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Centerra Gold has a valuation score of 43, which is 30 points higher than the gold industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Centerra Gold's stock has gained 13.1% in the past year. It has underperformed other stocks in the gold industry by -3 percentage points.

Are gold stocks a good buy now?

53.13% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 25.49% 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 11.53x.

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.