According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best gold mining stocks to buy right now are:
1. Oceanagold (NYSE:OGC)
Oceanagold (NYSE:OGC) is the #1 top gold stock out of 52 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Oceanagold (NYSE:OGC) is: Value: A, Growth: B, Momentum: A, Sentiment: C, Safety: D, Financials: B, and AI: B.
Oceanagold (NYSE:OGC) has a Due Diligence Score of 7, which is -27 points lower than the gold industry average of 34. Although this number is below the industry average, our proven quant model rates OGC as a "A".
OGC passed 2 out of 33 due diligence checks and has weak fundamentals.
2. Iamgold (NYSE:IAG)
Iamgold (NYSE:IAG) is the #2 top gold stock out of 52 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Iamgold (NYSE:IAG) is: Value: A, Growth: C, Momentum: B, Sentiment: B, Safety: C, Financials: A, and AI: C.
Iamgold (NYSE:IAG) has a Due Diligence Score of 56, which is 22 points higher than the gold industry average of 34.
IAG passed 18 out of 33 due diligence checks and has strong fundamentals. Iamgold has seen its stock return 201.8% over the past year, overperforming other gold stocks by 109 percentage points.
Iamgold has an average 1 year
price target of $25.00, an upside of 35.35% from Iamgold's current stock price of $18.47.
Iamgold stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Iamgold, 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. Ssr Mining (NASDAQ:SSRM)
The Component Grade breakdown for Ssr Mining (NASDAQ:SSRM) is: Value: B, Growth: B, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: C.
Ssr Mining (NASDAQ:SSRM) has a Due Diligence Score of 37, which is 3 points higher than the gold industry average of 34.
SSRM passed 15 out of 38 due diligence checks and has average fundamentals. Ssr Mining has seen its stock return 233.82% over the past year, overperforming other gold stocks by 141 percentage points.
Ssr Mining has an average 1 year
price target of $46.00, an upside of 34.31% from Ssr Mining's current stock price of $34.25.
Ssr Mining stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Ssr Mining, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.