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. Orla Mining (NYSEMKT:ORLA)
The Component Grade breakdown for Orla Mining (NYSEMKT:ORLA) is: Value: B, Growth: B, Momentum: B, Sentiment: B, Safety: D, Financials: B, and AI: B.
Orla Mining (NYSEMKT:ORLA) has a Due Diligence Score of 32, which is -1 points lower than the gold industry average of 33. Although this number is below the industry average, our proven quant model rates ORLA as a "A".
ORLA passed 11 out of 33 due diligence checks and has average fundamentals. Orla Mining has seen its stock return 45.79% over the past year, underperforming other gold stocks by -37 percentage points.
Orla Mining has an average 1 year
price target of $21.00, an upside of 27.81% from Orla Mining's current stock price of $16.43.
Orla Mining stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Orla 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.
2. Oceanagold (NYSE:OGC)
Oceanagold (NYSE:OGC) is the #2 top gold stock out of 51 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: C, Momentum: A, Sentiment: C, Safety: D, Financials: B, and AI: A.
Oceanagold (NYSE:OGC) has a Due Diligence Score of 52, which is 19 points higher than the gold industry average of 33.
OGC passed 16 out of 33 due diligence checks and has strong fundamentals.
3. Iamgold (NYSE:IAG)
Iamgold (NYSE:IAG) is the #3 top gold stock out of 51 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: B, Momentum: B, Sentiment: C, Safety: C, Financials: A, and AI: C.
Iamgold (NYSE:IAG) has a Due Diligence Score of 46, which is 13 points higher than the gold industry average of 33.
IAG passed 14 out of 33 due diligence checks and has strong fundamentals. Iamgold has seen its stock return 145.85% over the past year, overperforming other gold stocks by 64 percentage points.
Iamgold has an average 1 year
price target of $25.00, an upside of 29.87% from Iamgold's current stock price of $19.25.
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.