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. Caledonia Mining (NYSEMKT:CMCL)
The Component Grade breakdown for Caledonia Mining (NYSEMKT:CMCL) is: Value: A, Growth: B, Momentum: A, Sentiment: C, Safety: C, Financials: B, and AI: C.
Caledonia Mining (NYSEMKT:CMCL) has a Due Diligence Score of 45, which is 15 points higher than the gold industry average of 30.
CMCL passed 18 out of 38 due diligence checks and has strong fundamentals. Caledonia Mining has seen its stock return 121.84% over the past year, overperforming other gold stocks by 45 percentage points.
Caledonia Mining has an average 1 year
price target of $28.00, a downside of -19.15% from Caledonia Mining's current stock price of $34.63.
Caledonia Mining stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Caledonia Mining, 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.
2. Galiano Gold (NYSEMKT:GAU)
The Component Grade breakdown for Galiano Gold (NYSEMKT:GAU) is: Value: B, Growth: B, Momentum: A, Sentiment: A, Safety: D, Financials: C, and AI: C.
Galiano Gold (NYSEMKT:GAU) has a Due Diligence Score of 24, which is -6 points lower than the gold industry average of 30. Although this number is below the industry average, our proven quant model rates GAU as a "A".
GAU passed 8 out of 33 due diligence checks and has weak fundamentals. Galiano Gold has seen its stock return 95% over the past year, overperforming other gold stocks by 18 percentage points.
Galiano Gold has an average 1 year
price target of $3.20, an upside of 17.22% from Galiano Gold's current stock price of $2.73.
Galiano Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Galiano Gold, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. New Gold (NYSEMKT:NGD)
New Gold (NYSEMKT:NGD) is the #3 top gold stock out of 48 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 New Gold (NYSEMKT:NGD) is: Value: B, Growth: A, Momentum: B, Sentiment: C, Safety: C, Financials: C, and AI: C.
New Gold (NYSEMKT:NGD) has a Due Diligence Score of 31, which is 1 points higher than the gold industry average of 30.
NGD passed 10 out of 33 due diligence checks and has average fundamentals. New Gold has seen its stock return 143.42% over the past year, overperforming other gold stocks by 66 percentage points.
New Gold has an average 1 year
price target of $7.13, an upside of 4.17% from New Gold's current stock price of $6.84.
New Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering New Gold, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.