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. New Gold (NYSEMKT:NGD)
New Gold (NYSEMKT:NGD) is the #1 top gold stock out of 44 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: A, Safety: C, Financials: B, and AI: B.
New Gold (NYSEMKT:NGD) has a Due Diligence Score of 28, which is -4 points lower than the gold industry average of 32. Although this number is below the industry average, our proven quant model rates NGD as a "A".
NGD passed 8 out of 33 due diligence checks and has average fundamentals. New Gold has seen its stock return 128.74% over the past year, overperforming other gold stocks by 82 percentage points.
New Gold has an average 1 year
price target of $4.75, an upside of 19.35% from New Gold's current stock price of $3.98.
New Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.
2. Caledonia Mining (NYSEMKT:CMCL)
The Component Grade breakdown for Caledonia Mining (NYSEMKT:CMCL) is: Value: A, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.
Caledonia Mining (NYSEMKT:CMCL) has a Due Diligence Score of 28, which is -4 points lower than the gold industry average of 32. Although this number is below the industry average, our proven quant model rates CMCL as a "A".
CMCL passed 11 out of 38 due diligence checks and has average fundamentals. Caledonia Mining has seen its stock return 34.25% over the past year, underperforming other gold stocks by -13 percentage points.
3. Kinross Gold (NYSE:KGC)
Kinross Gold (NYSE:KGC) is the #3 top gold stock out of 44 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 Kinross Gold (NYSE:KGC) is: Value: B, Growth: C, Momentum: B, Sentiment: C, Safety: C, Financials: A, and AI: C.
Kinross Gold (NYSE:KGC) has a Due Diligence Score of 38, which is 6 points higher than the gold industry average of 32.
KGC passed 14 out of 38 due diligence checks and has average fundamentals. Kinross Gold has seen its stock return 128.84% over the past year, overperforming other gold stocks by 82 percentage points.
Kinross Gold has an average 1 year
price target of $15.50, an upside of 5.01% from Kinross Gold's current stock price of $14.76.
Kinross Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Kinross Gold, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.