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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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
GFI	GOLD FIELDS LTD	NYSE	Gold	$15.14B	$16.94	2.92%	$1.23B	21.44x	0.81
AEM	AGNICO EAGLE MINES LTD	NYSE	Gold	$34.08B	$68.40	0.44%	$2.59B	75.16x	0.47
AU	ANGLOGOLD ASHANTI (PTY) LTD	NYSE	Gold	$10.21B	$24.38	1.41%	$470.00M	34.34x	0.96
KGC	KINROSS GOLD CORP	NYSE	Gold	$9.32B	$7.59	0.80%	$1.90B	21.69x	0.70
GOLD	BARRICK GOLD CORP	NYSE	Gold	$29.72B	$16.93	-0.59%	$4.44B	20.65x	0.58
RGLD	ROYAL GOLD INC	NASDAQ	Gold	$8.36B	$127.24	1.49%	$460.21M	37.53x	0.13
EGO	ELDORADO GOLD CORP	NYSE	Gold	$3.11B	$15.30	1.46%	$460.37M	25.08x	0.41
AGI	ALAMOS GOLD INC	NYSE	Gold	$6.21B	$15.65	-0.19%	$492.20M	30.10x	0.36
IDR	IDAHO STRATEGIC RESOURCES INC	NYSEMKT	Gold	$122.05M	$9.58	2.24%	$4.96M	38.32x	0.20
CMCL	CALEDONIA MINING CORP PLC	NYSEMKT	Gold	$197.45M	$10.29	0.00%	N/A	-42.88x	0.27
WPM	WHEATON PRECIOUS METALS CORP	NYSE	Gold	$24.89B	$54.94	-1.51%	$838.38M	42.16x	0.01
ORLA	ORLA MINING LTD	NYSEMKT	Gold	$1.23B	$3.90	-1.02%	$48.59M	-43.33x	0.34
TRX	TRX GOLD CORP	NYSEMKT	Gold	$127.05M	$0.46	1.56%	N/A	45.50x	0.44
PZG	PARAMOUNT GOLD NEVADA CORP	NYSEMKT	Gold	$26.96M	$0.45	-2.83%	-$6.29M	3.44x	0.51
THM	INTERNATIONAL TOWER HILL MINES LTD	NYSEMKT	Gold	$134.19M	$0.67	-0.59%	-$3.44M	-33.60x	0.01
ARMN	ARIS MINING CORP	NYSEMKT	Gold	$595.68M	$4.33	0.23%	$124.49M	54.13x	1.17
SAND	SANDSTORM GOLD LTD	NYSE	Gold	$1.69B	$5.66	-1.05%	$143.77M	70.75x	0.32
NEM	NEWMONT CORP	NYSE	Gold	$49.00B	$42.49	-0.82%	$470.00M	-12.99x	0.91
EQX	EQUINOX GOLD CORP	NYSEMKT	Gold	$1.74B	$5.27	0.00%	$252.75M	-58.56x	0.78
FSM	FORTUNA SILVER MINES INC	NYSE	Gold	$1.60B	$5.21	0.58%	$261.95M	-43.42x	0.50
FNV	FRANCO NEVADA CORP	NYSE	Gold	$24.58B	$127.80	0.33%	-$103.20M	-51.12x	0.04
PAAS	PAN AMERICAN SILVER CORP	NYSE	Gold	$7.39B	$20.35	-1.36%	$548.00M	-48.45x	0.51
IAG	IAMGOLD CORP	NYSE	Gold	$2.14B	$4.30	11.69%	$403.30M	-215.00x	1.06
AUST	AUSTIN GOLD CORP	NYSEMKT	Gold	$12.74M	$0.96	-1.44%	-$3.13M	-4.10x	0.06
OR	OSISKO GOLD ROYALTIES LTD	NYSE	Gold	$3.04B	$16.34	1.30%	$24.94M	-77.08x	0.17
ODV	OSISKO DEVELOPMENT CORP	NYSE	Gold	$172.45M	$2.05	9.63%	-$118.12M	-1.40x	0.36
CGAU	CENTERRA GOLD INC	NYSE	Gold	$1.42B	$6.60	0.30%	$158.67M	-17.84x	0.36
SSRM	SSR MINING INC	NASDAQ	Gold	$1.06B	$5.23	-3.33%	-$298.94M	-2.56x	0.43
BTG	B2GOLD CORP	NYSEMKT	Gold	$3.62B	$2.77	0.00%	N/A	-92.33x	0.36
GAU	GALIANO GOLD INC	NYSEMKT	Gold	$451.62M	$1.78	4.09%	$21.70M	29.67x	0.95
GLDG	GOLDMINING INC	NYSEMKT	Gold	$151.18M	$0.82	-0.24%	-$17.14M	-7.98x	0.04
CDE	COEUR MINING INC	NYSE	Gold	$2.11B	$5.29	-3.64%	$87.86M	-17.63x	1.08
IAUX	I-80 GOLD CORP	NYSEMKT	Gold	$352.23M	$1.18	-1.67%	-$32.24M	-4.92x	0.70
NGD	NEW GOLD INC	NYSEMKT	Gold	$1.35B	$1.95	-1.02%	$185.90M	-19.50x	2.07
HYMC	HYCROFT MINING HOLDING CORP	NASDAQ	Gold	$75.19M	$3.26	-7.91%	-$33.87M	-1.12x	-25.39
NFGC	NEW FOUND GOLD CORP	NYSEMKT	Gold	$676.28M	$3.57	-0.83%	-$52.62M	-12.23x	0.23
DC	DAKOTA GOLD CORP	NYSEMKT	Gold	$230.67M	$2.63	0.38%	-$36.39M	-5.84x	0.04
NG	NOVAGOLD RESOURCES INC	NYSEMKT	Gold	$949.61M	$2.84	-3.07%	-$32.68M	-21.85x	-8.87
GORO	GOLD RESOURCE CORP	NYSEMKT	Gold	$42.85M	$0.47	-3.48%	-$2.97M	-2.25x	0.97
USAU	US GOLD CORP	NASDAQ	Gold	$39.66M	$4.25	-5.35%	-$6.60M	-5.82x	0.29
VGZ	VISTA GOLD CORP	NYSEMKT	Gold	$65.75M	$0.54	7.36%	-$5.65M	-13.50x	2.71
CTGO	CONTANGO ORE INC	NYSEMKT	Gold	$181.40M	$18.89	0.32%	-$55.56M	-2.73x	-5.03
SBSW	SIBANYE STILLWATER LTD	NYSE	Gold	$3.57B	$5.04	-0.20%	-$1.96B	-1.78x	1.87
SLSR	SOLARIS RESOURCES INC	NYSEMKT	Gold	$570.08M	$3.78	-1.56%	N/A	N/A	7.21
SA	SEABRIDGE GOLD INC	NYSE	Gold	$1.31B	$15.25	-0.52%	-$24.97M	-59.34x	0.85

Gold Stocks FAQ

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

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

1. Gold Fields (NYSE:GFI)

Gold Fields (NYSE:GFI) is the top gold stock with a Zen Score of 51, which is 29 points higher than the gold industry average of 22. It passed 19 out of 38 due diligence checks and has strong fundamentals. Gold Fields has seen its stock return 3.93% over the past year, overperforming other gold stocks by 13 percentage points.

Gold Fields has an average 1 year price target of $13.50, a downside of -20.31% from Gold Fields's current stock price of $16.94.

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.

2. Agnico Eagle Mines (NYSE:AEM)

Agnico Eagle Mines (NYSE:AEM) is the second best gold stock with a Zen Score of 44, which is 22 points higher than the gold industry average of 22. It passed 16 out of 38 due diligence checks and has strong fundamentals. Agnico Eagle Mines has seen its stock return 15.44% over the past year, overperforming other gold stocks by 24 percentage points.

Agnico Eagle Mines has an average 1 year price target of $67.00, a downside of -2.05% from Agnico Eagle Mines's current stock price of $68.40.

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

3. Anglogold Ashanti (NYSE:AU)

Anglogold Ashanti (NYSE:AU) is the third best gold stock with a Zen Score of 42, which is 20 points higher than the gold industry average of 22. It passed 17 out of 38 due diligence checks and has strong fundamentals. Anglogold Ashanti has seen its stock lose -11.83% over the past year, underperforming other gold stocks by -3 percentage points.

Anglogold Ashanti has an average 1 year price target of $31.00, an upside of 27.15% from Anglogold Ashanti's current stock price of $24.38.

Anglogold Ashanti stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Anglogold Ashanti, 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.

What are the gold stocks with highest dividends?

Out of 14 gold stocks that have issued dividends in the past year, the 3 gold stocks with the highest dividend yields are:

1. Caledonia Mining (NYSEMKT:CMCL)

Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 5.44%, which is 3 percentage points higher than the gold industry average of 2.03%. 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 -233.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Newmont (NYSE:NEM)

Newmont (NYSE:NEM) has an annual dividend yield of 3.41%, which is 1 percentage points higher than the gold industry average of 2.03%. Newmont's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Newmont's dividend has shown consistent growth over the last 10 years.

Newmont's dividend payout ratio of -44.3% indicates that its dividend yield might not be sustainable for the long-term.

3. Barrick Gold (NYSE:GOLD)

Barrick Gold (NYSE:GOLD) has an annual dividend yield of 2.36%, which is the same as the gold industry average of 2.03%. Barrick Gold's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Barrick Gold's dividend has shown consistent growth over the last 10 years.

Barrick Gold's dividend payout ratio of 48.8% indicates that its dividend yield is sustainable for the long-term.

Why are gold stocks up?

Gold stocks were up 0.29% in the last day, and up 4.66% over the last week. Anglogold Ashanti was the among the top gainers in the gold industry, gaining 1.41% yesterday.

AngloGold Ashanti shares are trading higher after the company reported Q1 gold production.

What are the most undervalued gold stocks?

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

1. Eldorado Gold (NYSE:EGO)

Eldorado Gold (NYSE:EGO) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Eldorado Gold has a valuation score of 43, which is 32 points higher than the gold industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Eldorado Gold's stock has gained 30.99% in the past year. It has overperformed other stocks in the gold industry by 40 percentage points.

2. Paramount Gold Nevada (NYSEMKT:PZG)

Paramount Gold Nevada (NYSEMKT:PZG) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Paramount Gold Nevada has a valuation score of 43, which is 32 points higher than the gold industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Paramount Gold Nevada's stock has gained 42.36% in the past year. It has overperformed other stocks in the gold industry by 51 percentage points.

3. Gold Fields (NYSE:GFI)

Gold Fields (NYSE:GFI) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Gold Fields has a valuation score of 43, which is 32 points higher than the gold industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Gold Fields's stock has gained 3.93% in the past year. It has overperformed other stocks in the gold industry by 13 percentage points.

Are gold stocks a good buy now?

53.33% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 12.99% 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 8.42x.

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.