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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
GFI
GOLD FIELDS LTD
NYSE
Gold
$9.68B$10.910.93%$1.32B12.26x0.81
CMCL
CALEDONIA MINING CORP PLC
NYSEMKT
Gold
$170.42M$13.28-0.45%$48.06M5.72x0.13
AU
ANGLOGOLD ASHANTI LTD
NYSE
Gold
$8.40B$20.110.10%$934.00M13.59x0.97
BTG
B2GOLD CORP
NYSEMKT
Gold
$4.03B$3.75-1.06%$509.32M16.30x0.19
SSRM
SSR MINING INC
NASDAQ
Gold
$3.29B$15.94-1.54%$354.60M11.23x0.29
CGAU
CENTERRA GOLD INC
NYSE
Gold
$1.42B$6.45-0.46%$447.49M6.03x0.25
FNV
FRANCO NEVADA CORP
NYSE
Gold
$26.26B$137.01-3.61%$1.20B34.60x0.03
SBSW
SIBANYE STILLWATER LTD
NYSE
Gold
$7.18B$10.23-2.29%$3.14B3.52x0.90
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$8.23B$125.440.76%$476.73M32.84x0.24
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$23.86B$52.440.00%$2.13B35.19x0.44
ORLA
ORLA MINING LTD
NYSEMKT
Gold
$1.01B$3.92-4.39%$66.89M43.56x0.58
WPM
WHEATON PRECIOUS METALS CORP
NYSE
Gold
$19.73B$43.68-0.68%$1.05B24.79x0.01
NEM
NEWMONT CORP
NYSE
Gold
$37.78B$47.60-4.51%$4.14B37.78x0.84
AUY
YAMANA GOLD INC
NYSE
Gold
$5.47B$5.69-0.52%$950.10M21.88x0.72
NGD
NEW GOLD INC
NYSEMKT
Gold
$750.50M$1.100.00%$323.20M7.33x1.20
AGI
ALAMOS GOLD INC
NYSE
Gold
$4.16B$10.60-0.47%$267.20M151.43x0.35
GOLD
BARRICK GOLD CORP
NYSE
Gold
$32.50B$18.350.16%$5.28B17.15x0.59
GAU
GALIANO GOLD INC
NYSEMKT
Gold
$127.77M$0.57-5.18%-$77.67M-1.62x0.03
TRX
TRX GOLD CORP
NYSEMKT
Gold
$123.64M$0.45-0.67%$7.93MN/A0.35
AAU
ALMADEN MINERALS LTD
NYSEMKT
Gold
$30.60M$0.22-3.04%-$557.54k-14.87x0.08
THM
INTERNATIONAL TOWER HILL MINES LTD
NYSEMKT
Gold
$114.26M$0.590.86%-$3.23M-58.50x0.00
EGO
ELDORADO GOLD CORP
NYSE
Gold
$1.69B$9.21-1.50%-$17.27M-3.92x0.40
OR
OSISKO GOLD ROYALTIES LTD
NYSE
Gold
$2.35B$12.80-0.47%-$35.88M-19.48x0.24
IDR
IDAHO STRATEGIC RESOURCES INC
NYSEMKT
Gold
$65.09M$5.38-3.06%-$3.27M-12.23x0.26
EQX
EQUINOX GOLD CORP
NYSEMKT
Gold
$1.25B$4.11-1.44%$307.84M21.63x0.60
HL
HECLA MINING CO
NYSE
Gold
$3.55B$5.85-1.52%$131.53M-136.05x0.50
KGC
KINROSS GOLD CORP
NYSE
Gold
$5.59B$4.35-0.68%$448.20M-9.89x0.70
AUST
AUSTIN GOLD CORP
NYSEMKT
Gold
N/A$1.00-5.66%-$398.25k-25.00x0.02
GORO
GOLD RESOURCE CORP
NYSEMKT
Gold
$148.51M$1.680.60%$36.16M168.00x0.73
ODV
OSISKO DEVELOPMENT CORP
NYSE
Gold
$431.04M$5.70-4.84%N/AN/A0.27
PZG
PARAMOUNT GOLD NEVADA CORP
NYSEMKT
Gold
$16.80M$0.362.29%-$7.09M1.99x0.21
USAU
US GOLD CORP
NASDAQ
Gold
$35.63M$4.262.90%-$9.82M-3.35x0.11
TFPM
TRIPLE FLAG PRECIOUS METALS CORP
NYSE
Gold
$2.17B$13.913.27%N/AN/A0.01
NG
NOVAGOLD RESOURCES INC
NYSEMKT
Gold
$2.06B$6.16-0.65%-$45.41M-38.50x4.32
VGZ
VISTA GOLD CORP
NYSEMKT
Gold
$68.50M$0.58-1.03%-$11.71M-5.26x0.08
VOXR
VOX ROYALTY CORP
NASDAQ
Gold
$109.66M$2.470.28%N/AN/A0.18
DC
DAKOTA GOLD CORP
NYSEMKT
Gold
$248.81M$3.40-2.02%N/AN/A0.04
NFGC
NEW FOUND GOLD CORP
NYSEMKT
Gold
$642.08M$3.83-0.13%-$57.08M-10.68x0.26
IAG
IAMGOLD CORP
NYSE
Gold
$1.25B$2.62-1.50%-$1.00M-4.37x0.95
CDE
COEUR MINING INC
NYSE
Gold
$1.01B$3.60-1.10%$30.02M-7.06x1.33
SA
SEABRIDGE GOLD INC
NYSE
Gold
$1.02B$12.69-0.63%$19.04M158.63x0.43
IAUX
I-80 GOLD CORP
NYSEMKT
Gold
$617.75M$2.57-0.39%N/AN/A0.71
GLDG
GOLDMINING INC
NYSEMKT
Gold
$179.89M$1.150.00%-$2.06M-82.14x0.10
CTGO
CONTANGO ORE INC
NYSEMKT
Gold
$173.22M$24.000.00%-$34.25M-4.59x-30.92
SAND
SANDSTORM GOLD LTD
NYSEMKT
Gold
$1.04B$5.41-0.92%N/AN/A0.45

Gold Stocks FAQ

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

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

1. Gold Fields (NYSE:GFI)


Gold Fields (NYSE:GFI) is the top gold stock with a Zen Score of 61, which is 35 points higher than the gold industry average of 26. It passed 23 out of 38 due diligence checks and has strong fundamentals. Gold Fields has seen its stock return 1.39% over the past year, overperforming other gold stocks by 2 percentage points.

Gold Fields has an average 1 year price target of $13.93, an upside of 27.71% from Gold Fields's current stock price of $10.91.

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.

2. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) is the second best gold stock with a Zen Score of 60, which is 34 points higher than the gold industry average of 26. It passed 21 out of 38 due diligence checks and has strong fundamentals. Caledonia Mining has seen its stock return 15.58% over the past year, overperforming other gold stocks by 16 percentage points.

3. Anglogold Ashanti (NYSE:AU)


Anglogold Ashanti (NYSE:AU) 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. Anglogold Ashanti has seen its stock return 3.66% over the past year, overperforming other gold stocks by 4 percentage points.

Anglogold Ashanti has an average 1 year price target of $20.00, a downside of -0.55% from Anglogold Ashanti's current stock price of $20.11.

Anglogold Ashanti stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Anglogold Ashanti, 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.

What are the gold stocks with highest dividends?

Out of 19 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 4.62%, which is 2 percentage points higher than the gold industry average of 2.43%. Newmont's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Newmont's dividend has shown consistent growth over the last 10 years.

Newmont's dividend payout ratio of 174.6% 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 4.27%, which is 2 percentage points higher than the gold industry average of 2.43%.

B2gold's dividend payout ratio of 69.6% indicates that its dividend yield is sustainable for the long-term.

3. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 4.22%, which is 2 percentage points higher than the gold industry average of 2.43%. 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 24.1% indicates that its dividend yield is sustainable for the long-term.

Why are gold stocks down?

Gold stocks were down -1.21% in the last day, and down -4.4% over the last week. Newmont was the among the top losers in the gold industry, dropping -4.51% yesterday.

Newmont shares are trading lower after the company proposed an all stock acquisition of Newcrest Mining.

What are the most undervalued gold stocks?

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

1. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Caledonia Mining has a valuation score of 71, which is 52 points higher than the gold industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Caledonia Mining's stock has gained 15.58% in the past year. It has overperformed other stocks in the gold industry by 16 percentage points.

2. B2gold (NYSEMKT:BTG)


B2gold (NYSEMKT:BTG) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. B2gold has a valuation score of 57, which is 38 points higher than the gold industry average of 19. It passed 4 out of 7 valuation due diligence checks.

B2gold's stock has gained 1.35% in the past year. It has overperformed other stocks in the gold industry by 2 percentage points.

3. Anglogold Ashanti (NYSE:AU)


Anglogold Ashanti (NYSE:AU) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Anglogold Ashanti has a valuation score of 57, which is 38 points higher than the gold industry average of 19. It passed 4 out of 7 valuation due diligence checks.

Anglogold Ashanti's stock has gained 3.66% in the past year. It has overperformed other stocks in the gold industry by 4 percentage points.

Are gold stocks a good buy now?

41.46% of gold stocks rated by analysts are a strong buy right now. On average, analysts expect gold stocks to rise by 29.17% 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 23.44x.
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.