WallStreetZenWallStreetZen

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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ORLA
ORLA MINING LTD
NYSEMKT
Gold
$1.03B$3.281.55%$119.06M19.29x0.42
GFI
GOLD FIELDS LTD
NYSE
Gold
$11.62B$13.044.82%$1.23B16.30x0.71
GOLD
BARRICK GOLD CORP
NYSE
Gold
$25.74B$14.662.30%$4.35B20.36x0.59
SBSW
SIBANYE STILLWATER LTD
NYSE
Gold
$2.92B$4.122.23%$1.66B2.87x0.86
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$23.90B$48.060.08%$3.98B12.11x0.48
KGC
KINROSS GOLD CORP
NYSE
Gold
$6.02B$4.902.51%$1.80B14.41x0.72
WPM
WHEATON PRECIOUS METALS CORP
NYSE
Gold
$18.66B$41.193.60%$733.75M34.82x0.01
AU
ANGLOGOLD ASHANTI (PTY) LTD
NYSE
Gold
$7.79B$18.613.33%$470.00M26.21x0.96
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$6.74B$102.631.31%$477.94M28.20x0.16
FNV
FRANCO NEVADA CORP
NYSE
Gold
$20.14B$104.86-0.10%$1.07B29.54x0.03
BTG
B2GOLD CORP
NYSEMKT
Gold
$3.13B$2.402.56%N/A240.00x0.25
IDR
IDAHO STRATEGIC RESOURCES INC
NYSEMKT
Gold
$92.78M$7.57-1.94%$2.81M63.08x0.21
IAG
IAMGOLD CORP
NYSE
Gold
$1.25B$2.601.17%$320.10M260.00x1.06
EGO
ELDORADO GOLD CORP
NYSE
Gold
$2.11B$10.392.36%$459.37M19.24x0.42
AGI
ALAMOS GOLD INC
NYSE
Gold
$4.69B$11.812.34%$486.40M22.28x0.37
GAU
GALIANO GOLD INC
NYSEMKT
Gold
$213.72M$0.951.06%$26.25M7.92x0.06
SSRM
SSR MINING INC
NASDAQ
Gold
$870.59M$4.300.23%$50.09M-8.96x0.32
SAND
SANDSTORM GOLD LTD
NYSE
Gold
$1.24B$4.164.00%$161.36M29.71x0.35
CMCL
CALEDONIA MINING CORP PLC
NYSEMKT
Gold
$189.77M$9.893.13%N/A-14.35x0.20
TRX
TRX GOLD CORP
NYSEMKT
Gold
$90.98M$0.331.56%N/A32.60x0.48
EQX
EQUINOX GOLD CORP
NYSEMKT
Gold
$1.29B$4.052.02%$291.09M45.00x0.78
PZG
PARAMOUNT GOLD NEVADA CORP
NYSEMKT
Gold
$18.82M$0.31-6.02%-$6.29M2.40x0.51
HYMC
HYCROFT MINING HOLDING CORP
NASDAQ
Gold
$38.00M$1.88-1.57%-$35.65M-0.65x8.38
NEM
NEWMONT CORP
NYSE
Gold
$36.02B$31.254.62%$383.00M-10.52x0.91
PAAS
PAN AMERICAN SILVER CORP
NYSE
Gold
$4.53B$12.411.64%$490.70M-38.78x0.51
AUST
AUSTIN GOLD CORP
NYSEMKT
Gold
$11.28M$0.856.25%-$2.33M-4.86x0.01
ODV
OSISKO DEVELOPMENT CORP
NYSE
Gold
$168.05M$2.00-1.48%-$63.35M-1.92x0.31
CGAU
CENTERRA GOLD INC
NYSE
Gold
$1.08B$5.020.40%$158.67M-13.57x0.36
AAU
ALMADEN MINERALS LTD
NYSEMKT
Gold
$18.52M$0.140.00%-$7.05M-2.08x0.12
OR
OSISKO GOLD ROYALTIES LTD
NYSE
Gold
$2.70B$14.596.03%$30.72M-75.60x0.19
NGD
NEW GOLD INC
NYSEMKT
Gold
$851.89M$1.244.20%$189.10M-13.78x1.90
FSM
FORTUNA SILVER MINES INC
NYSE
Gold
$830.51M$2.712.65%$98.89M-7.13x0.50
IAUX
I-80 GOLD CORP
NYSEMKT
Gold
$367.78M$1.261.61%-$70.36M-3.23x0.65
THM
INTERNATIONAL TOWER HILL MINES LTD
NYSEMKT
Gold
$97.75M$0.50-1.19%-$3.51M-24.95x0.00
VGZ
VISTA GOLD CORP
NYSEMKT
Gold
$41.65M$0.34-1.71%-$6.38M-6.88x0.15
USAU
US GOLD CORP
NASDAQ
Gold
$31.92M$3.421.33%-$6.81M-4.38x0.24
GLDG
GOLDMINING INC
NYSEMKT
Gold
$144.50M$0.79-0.51%-$18.75M-6.24x0.04
DC
DAKOTA GOLD CORP
NYSEMKT
Gold
$183.89M$2.122.91%-$28.28M-3.59x0.03
NG
NOVAGOLD RESOURCES INC
NYSEMKT
Gold
$829.24M$2.486.44%-$33.70M-17.71x-17.21
NFGC
NEW FOUND GOLD CORP
NYSEMKT
Gold
$547.15M$3.070.66%-$60.17M-8.82x0.22
CDE
COEUR MINING INC
NYSE
Gold
$1.00B$2.595.71%$76.85M-8.63x1.03
GORO
GOLD RESOURCE CORP
NYSEMKT
Gold
$22.17M$0.25-2.34%$5.75M-1.39x0.91
ARMN
ARIS MINING CORP
NYSEMKT
Gold
$386.95M$2.821.81%N/AN/A1.13
CTGO
CONTANGO ORE INC
NYSEMKT
Gold
$159.14M$16.932.67%-$43.31M-2.80x3.97
SA
SEABRIDGE GOLD INC
NYSE
Gold
$939.80M$11.331.61%N/A-40.04x0.79

Gold Stocks FAQ

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

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

1. Orla Mining (NYSEMKT:ORLA)


Orla Mining (NYSEMKT:ORLA) is the top gold stock with a Zen Score of 62, which is 36 points higher than the gold industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Orla Mining has seen its stock lose -24.6% over the past year, underperforming other gold stocks by -12 percentage points.

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 43.45% over the past year, overperforming other gold stocks by 56 percentage points.

Gold Fields has an average 1 year price target of $13.50, an upside of 3.53% from Gold Fields's current stock price of $13.04.

Gold Fields stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Gold Fields, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Barrick Gold (NYSE:GOLD)


Barrick Gold (NYSE:GOLD) is the third best gold stock with a Zen Score of 50, which is 24 points higher than the gold industry average of 26. It passed 18 out of 38 due diligence checks and has strong fundamentals. Barrick Gold has seen its stock lose -9.06% over the past year, overperforming other gold stocks by 4 percentage points.

Barrick Gold has an average 1 year price target of $22.00, an upside of 50.07% from Barrick Gold's current stock price of $14.66.

Barrick Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Barrick Gold, 20% have issued a Strong Buy rating, 60% have issued a Buy, 20% 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 16 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 6.67%, which is 4 percentage points higher than the gold industry average of 2.87%. 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 1,600% indicates that its high dividend yield might not be sustainable for the long-term.

2. Ssr Mining (NASDAQ:SSRM)


Ssr Mining (NASDAQ:SSRM) has an annual dividend yield of 6.51%, which is 4 percentage points higher than the gold industry average of 2.87%.

Ssr Mining's dividend payout ratio of -58.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 5.66%, which is 3 percentage points higher than the gold industry average of 2.87%. 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 up?

Gold stocks were up 1.73% in the last day, and up 0.34% over the last week.

We couldn't find a catalyst for why gold stocks are up.

What are the most undervalued gold stocks?

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

1. Sibanye Stillwater (NYSE:SBSW)


Sibanye Stillwater (NYSE:SBSW) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Sibanye Stillwater has a valuation score of 71, which is 51 points higher than the gold industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Sibanye Stillwater's stock has dropped -49.14% in the past year. It has underperformed other stocks in the gold industry by -36 percentage points.

2. Kinross Gold (NYSE:KGC)


Kinross Gold (NYSE:KGC) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Kinross Gold has a valuation score of 57, which is 37 points higher than the gold industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Kinross Gold's stock has gained 33.88% in the past year. It has overperformed other stocks in the gold industry by 47 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 37 points higher than the gold industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Eldorado Gold's stock has gained 11.48% in the past year. It has overperformed other stocks in the gold industry by 24 percentage points.

Are gold stocks a good buy now?

48% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 36.85% 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 16.82x.
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.