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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

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

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
BTG	B2GOLD CORP	NYSEMKT	Gold	$4.16B	$3.20	-2.14%	N/A	12.31x	0.20
ORLA	ORLA MINING LTD	NYSEMKT	Gold	$924.40M	$2.94	-2.33%	$119.06M	17.29x	0.42
AEM	AGNICO EAGLE MINES LTD	NYSE	Gold	$26.24B	$52.90	-1.14%	$4.45B	9.91x	0.47
SSRM	SSR MINING INC	NASDAQ	Gold	$2.33B	$11.42	-1.97%	$438.44M	11.20x	0.32
GFI	GOLD FIELDS LTD	NYSE	Gold	$13.02B	$14.61	-0.68%	$1.23B	18.26x	0.71
GAU	GALIANO GOLD INC	NYSEMKT	Gold	$145.09M	$0.65	-3.87%	$66.13M	2.39x	0.05
IDR	IDAHO STRATEGIC RESOURCES INC	NYSEMKT	Gold	$82.98M	$6.77	-3.56%	$2.81M	56.42x	0.21
SBSW	SIBANYE STILLWATER LTD	NYSE	Gold	$3.11B	$4.39	-2.44%	$1.66B	3.06x	0.86
FNV	FRANCO NEVADA CORP	NYSE	Gold	$20.64B	$107.45	-2.42%	$1.07B	30.27x	0.03
AU	ANGLOGOLD ASHANTI (PTY) LTD	NYSE	Gold	$7.86B	$18.77	-1.26%	$470.00M	26.44x	0.96
AGI	ALAMOS GOLD INC	NYSE	Gold	$5.64B	$14.24	-2.00%	$485.20M	27.92x	0.36
RGLD	ROYAL GOLD INC	NASDAQ	Gold	$7.77B	$118.27	-2.29%	$480.07M	33.32x	0.19
KGC	KINROSS GOLD CORP	NYSE	Gold	$7.11B	$5.79	-1.53%	$1.51B	52.64x	0.73
WPM	WHEATON PRECIOUS METALS CORP	NYSE	Gold	$21.80B	$48.13	-1.57%	$733.75M	40.68x	0.01
TRX	TRX GOLD CORP	NYSEMKT	Gold	$107.72M	$0.39	-1.77%	$14.08M	38.80x	0.43
EGO	ELDORADO GOLD CORP	NYSE	Gold	$2.60B	$12.83	-1.76%	$445.91M	45.82x	0.41
IAG	IAMGOLD CORP	NYSE	Gold	$1.15B	$2.38	-5.56%	$362.90M	9.15x	1.02
OR	OSISKO GOLD ROYALTIES LTD	NYSE	Gold	$2.60B	$14.02	-1.68%	$95.16M	83.45x	0.25
PAAS	PAN AMERICAN SILVER CORP	NYSE	Gold	$5.61B	$15.39	-3.27%	$322.12M	-16.55x	0.54
EQX	EQUINOX GOLD CORP	NYSEMKT	Gold	$1.66B	$5.29	-2.40%	$270.73M	33.06x	0.81
GOLD	BARRICK GOLD CORP	NYSE	Gold	$30.58B	$17.42	-0.63%	$2.90B	580.67x	0.60
CMCL	CALEDONIA MINING CORP PLC	NYSEMKT	Gold	$228.34M	$11.90	-2.06%	N/A	-17.27x	0.20
HYMC	HYCROFT MINING HOLDING CORP	NASDAQ	Gold	$41.44M	$2.05	-4.21%	-$35.65M	-0.71x	8.38
USAU	US GOLD CORP	NASDAQ	Gold	$34.21M	$3.68	-5.64%	-$8.45M	-3.76x	0.38
CGAU	CENTERRA GOLD INC	NYSE	Gold	$1.28B	$5.87	-2.65%	-$28.89M	-8.15x	0.28
AUST	AUSTIN GOLD CORP	NYSEMKT	Gold	$10.37M	$0.78	-5.90%	-$2.33M	-4.46x	0.01
CDE	COEUR MINING INC	NYSE	Gold	$1.14B	$2.97	-2.62%	$136.87M	-59.40x	0.97
NEM	NEWMONT CORP	NYSE	Gold	$31.70B	$39.89	-1.60%	$1.96B	-38.73x	0.99
ODV	OSISKO DEVELOPMENT CORP	NYSE	Gold	$231.07M	$2.75	-1.79%	-$63.35M	-2.63x	0.31
PZG	PARAMOUNT GOLD NEVADA CORP	NYSEMKT	Gold	$22.54M	$0.38	-3.29%	-$6.22M	2.94x	0.30
AAU	ALMADEN MINERALS LTD	NYSEMKT	Gold	$19.90M	$0.15	0.00%	-$7.05M	-2.23x	0.12
NGD	NEW GOLD INC	NYSEMKT	Gold	$937.77M	$1.37	-2.84%	$202.30M	-17.13x	1.55
FSM	FORTUNA SILVER MINES INC	NYSE	Gold	$1.16B	$3.79	-3.32%	$98.89M	-9.97x	0.50
IAUX	I-80 GOLD CORP	NYSEMKT	Gold	$469.94M	$1.61	-3.59%	-$70.36M	-4.13x	0.65
SAND	SANDSTORM GOLD LTD	NYSE	Gold	$1.45B	$4.89	-1.81%	$132.99M	489.00x	0.37
VGZ	VISTA GOLD CORP	NYSEMKT	Gold	$44.80M	$0.37	-2.89%	-$6.38M	-7.40x	0.15
THM	INTERNATIONAL TOWER HILL MINES LTD	NYSEMKT	Gold	$96.38M	$0.49	-4.28%	-$3.51M	-24.60x	0.00
NG	NOVAGOLD RESOURCES INC	NYSEMKT	Gold	$1.37B	$4.09	-2.62%	-$36.44M	-29.21x	3,368.10
GLDG	GOLDMINING INC	NYSEMKT	Gold	$176.78M	$1.00	0.00%	-$16.13M	-8.40x	0.03
DC	DAKOTA GOLD CORP	NYSEMKT	Gold	$243.74M	$2.81	0.00%	-$28.28M	-4.76x	0.03
NFGC	NEW FOUND GOLD CORP	NYSEMKT	Gold	$639.83M	$3.59	-4.01%	-$60.17M	-10.32x	0.22
GORO	GOLD RESOURCE CORP	NYSEMKT	Gold	$29.89M	$0.34	-2.03%	$5.75M	-1.87x	0.91
ARMN	ARIS MINING CORP	NYSEMKT	Gold	$434.98M	$3.17	0.00%	N/A	N/A	1.13
CTGO	CONTANGO ORE INC	NYSEMKT	Gold	$187.81M	$19.98	-1.72%	-$43.31M	-3.31x	3.97
SA	SEABRIDGE GOLD INC	NYSE	Gold	$962.19M	$11.60	-5.77%	N/A	-40.99x	0.79

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.