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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

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

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
GFI	GOLD FIELDS LTD	$16.32	3,623,099	-38.79%	16.45	16.66	16.41	15.03	14.10	47.47	37.66	42.66	34.45	39.37	-0.06	0.03	-0.09	0.40
CGAU	CENTERRA GOLD INC	$7.21	493,606	-15.78%	6.65	6.42	6.10	5.74	5.64	77.15	92.14	82.67	100.00	91.09	0.24	0.17	0.07	0.83
AEM	AGNICO EAGLE MINES LTD	$70.11	2,547,613	39.28%	67.92	66.10	61.79	55.95	52.42	73.68	92.40	90.17	91.77	87.37	2.24	2.11	0.13	0.39
GOLD	BARRICK GOLD CORP	$17.89	20,779,401	30.28%	17.10	16.91	16.71	16.26	16.22	65.46	94.35	85.40	100.00	94.61	0.20	0.11	0.09	0.39
AU	ANGLOGOLD ASHANTI (PTY) LTD	$25.41	1,658,941	-7.97%	24.27	23.64	23.02	20.50	19.13	64.25	90.23	84.87	81.40	71.82	0.57	0.46	0.11	0.41
KGC	KINROSS GOLD CORP	$8.00	11,959,516	9.18%	7.48	7.04	6.44	5.93	5.57	81.08	96.25	96.17	99.40	99.60	0.43	0.33	0.09	0.53
AGI	ALAMOS GOLD INC	$17.09	3,600,688	55.99%	15.79	15.42	14.76	13.58	13.08	75.83	96.51	91.54	100.00	93.97	0.46	0.34	0.12	0.40
RGLD	ROYAL GOLD INC	$133.13	435,155	36.13%	127.21	124.50	120.35	117.07	114.39	71.12	93.88	93.08	94.99	94.68	2.83	2.12	0.71	0.42
EGO	ELDORADO GOLD CORP	$16.19	1,642,774	32.90%	15.15	14.87	14.40	13.17	11.78	67.44	73.26	55.78	75.93	59.09	0.29	0.24	0.06	0.61
IDR	IDAHO STRATEGIC RESOURCES INC	$9.80	35,902	-39.33%	9.54	9.13	8.85	7.75	6.60	58.16	78.77	82.09	75.79	81.17	0.30	0.21	0.09	0.27
CMCL	CALEDONIA MINING CORP PLC	$11.09	103,579	63.24%	10.35	10.22	10.53	10.69	10.90	61.07	86.62	81.10	94.35	90.92	0.07	-0.06	0.13	0.62
WPM	WHEATON PRECIOUS METALS CORP	$57.01	1,748,049	48.20%	55.14	54.00	50.42	48.01	46.02	71.04	80.53	72.23	80.78	67.94	1.56	1.49	0.07	0.44
TRX	TRX GOLD CORP	$0.48	1,014,287	677.94%	0.45	0.45	0.43	0.39	0.39	61.10	69.79	51.74	78.77	62.11	0.01	0.01	-0.00	0.32
OR	OSISKO GOLD ROYALTIES LTD	$16.65	638,310	78.81%	16.16	15.93	16.02	15.22	14.13	61.81	85.81	82.19	94.28	91.91	0.15	0.06	0.08	0.45
THM	INTERNATIONAL TOWER HILL MINES LTD	$0.68	183,469	8.17%	0.66	0.66	0.67	0.62	0.51	54.31	52.10	46.03	49.96	27.94	-0.00	-0.00	-0.00	0.51
IAG	IAMGOLD CORP	$4.52	9,811,941	37.63%	4.15	3.90	3.58	3.05	2.70	71.90	90.37	91.20	91.89	93.06	0.25	0.19	0.06	0.53
ORLA	ORLA MINING LTD	$4.38	509,540	34.04%	4.01	3.99	3.88	3.63	3.64	69.64	93.15	67.87	100.00	70.18	0.07	0.04	0.03	0.88
NEM	NEWMONT CORP	$43.74	10,011,915	31.44%	42.45	41.48	38.42	36.76	37.76	68.24	83.70	77.99	76.36	59.25	1.36	1.33	0.03	0.40
SAND	SANDSTORM GOLD LTD	$5.91	2,092,585	32.06%	5.68	5.58	5.33	4.95	4.94	66.08	82.93	72.79	72.33	54.61	0.12	0.12	0.01	0.48
FSM	FORTUNA SILVER MINES INC	$5.84	15,869,899	159.34%	5.19	4.92	4.36	3.78	3.47	77.15	97.53	94.45	100.00	91.96	0.32	0.26	0.06	0.79
FNV	FRANCO NEVADA CORP	$128.48	579,571	34.02%	126.59	123.84	120.22	114.40	121.94	63.87	69.24	67.06	50.43	48.60	2.20	2.12	0.08	0.35
EQX	EQUINOX GOLD CORP	$5.66	3,839,555	14.67%	5.41	5.44	5.57	5.03	4.88	55.36	56.24	39.28	66.15	42.46	-0.05	-0.05	0.00	0.61
ARMN	ARIS MINING CORP	$4.22	552,872	49.57%	4.25	4.14	3.76	3.41	N/A	57.32	38.80	54.16	14.77	39.99	0.14	0.17	-0.03	0.81
AUST	AUSTIN GOLD CORP	$0.99	170,527	210.20%	0.96	0.95	1.13	0.95	0.86	47.89	38.23	38.78	42.24	37.00	-0.04	-0.05	0.00	0.47
PAAS	PAN AMERICAN SILVER CORP	$21.74	12,629,470	205.78%	20.09	19.36	17.44	15.68	15.42	72.12	91.13	85.10	83.65	74.71	0.94	0.82	0.12	0.72
ODV	OSISKO DEVELOPMENT CORP	$2.30	138,640	112.64%	2.06	2.06	2.20	2.33	2.74	58.66	88.36	86.95	95.97	95.61	0.01	-0.04	0.05	0.90
GAU	GALIANO GOLD INC	$1.69	1,558,824	-26.51%	1.72	1.65	1.47	1.21	0.91	56.81	48.21	58.07	12.60	13.32	0.07	0.09	-0.01	0.50
PZG	PARAMOUNT GOLD NEVADA CORP	$0.51	1,266,065	47.35%	0.51	0.47	0.44	0.40	0.36	54.48	68.90	80.95	75.71	91.47	0.04	0.02	0.01	0.51
SSRM	SSR MINING INC	$5.75	6,140,221	236.76%	5.40	5.41	4.92	6.53	9.84	64.67	66.97	53.02	61.74	44.25	0.10	0.10	0.01	0.53
BTG	B2GOLD CORP	$2.90	11,185,366	51.56%	2.73	2.64	2.66	2.72	2.92	66.95	93.10	89.67	98.58	98.14	0.05	0.02	0.03	0.53
GLDG	GOLDMINING INC	$0.86	622,069	40.24%	0.82	0.83	0.85	0.85	0.85	55.64	29.88	17.52	60.40	35.92	-0.01	-0.01	0.00	0.84
CDE	COEUR MINING INC	$5.88	14,256,265	152.77%	5.30	4.99	4.35	3.57	3.07	72.02	82.14	75.63	69.52	57.20	0.32	0.30	0.03	1.29
NGD	NEW GOLD INC	$2.11	21,539,765	163.38%	1.90	1.85	1.76	1.53	1.34	68.75	62.62	50.79	47.63	24.27	0.06	0.05	0.01	0.70
HYMC	HYCROFT MINING HOLDING CORP	$3.59	706,648	163.37%	3.49	3.51	3.15	2.65	2.74	54.58	50.64	47.77	53.05	49.17	0.08	0.10	-0.02	0.35
IAUX	I-80 GOLD CORP	$1.22	11,340,261	384.11%	1.20	1.22	1.30	1.39	1.52	48.80	45.41	40.88	76.50	70.26	-0.02	-0.03	0.01	1.07
NG	NOVAGOLD RESOURCES INC	$3.49	1,849,540	40.83%	3.07	3.01	2.95	2.94	3.43	68.45	93.08	79.69	100.00	89.89	0.07	0.03	0.04	0.59
NFGC	NEW FOUND GOLD CORP	$3.78	436,834	166.70%	3.58	3.61	3.64	3.46	3.74	59.11	61.24	41.18	71.78	47.68	-0.01	-0.02	0.01	0.74
DC	DAKOTA GOLD CORP	$3.00	278,411	40.04%	2.77	2.62	2.48	2.34	2.54	65.74	89.33	90.17	99.05	97.01	0.12	0.08	0.04	0.86
GORO	GOLD RESOURCE CORP	$0.52	1,193,633	141.27%	0.48	0.48	0.47	0.38	0.39	56.99	80.96	68.68	93.40	82.87	0.01	0.00	0.00	0.67
USAU	US GOLD CORP	$5.95	210,666	57.35%	4.84	4.54	4.17	3.94	3.73	76.50	88.34	86.39	100.00	97.13	0.34	0.20	0.14	1.09
VGZ	VISTA GOLD CORP	$0.54	409,461	286.13%	0.52	0.51	0.53	0.46	0.43	55.23	85.92	83.17	98.39	95.76	0.00	-0.00	0.00	0.68
SA	SEABRIDGE GOLD INC	$15.13	2,045,412	155.40%	15.06	15.12	14.83	13.00	12.21	51.41	26.68	21.79	27.11	16.09	0.02	0.11	-0.09	0.73
SBSW	SIBANYE STILLWATER LTD	$5.69	11,819,018	97.90%	5.13	4.97	4.92	4.81	5.23	67.07	93.93	89.98	100.00	99.79	0.13	0.04	0.08	1.23
CTGO	CONTANGO ORE INC	$21.33	38,514	-57.92%	19.38	19.92	20.20	18.36	18.62	60.50	65.61	49.50	78.62	60.39	0.00	-0.12	0.12	0.27

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 28 points higher than the gold industry average of 23. It passed 19 out of 38 due diligence checks and has strong fundamentals. Gold Fields has seen its stock return 5.49% over the past year, overperforming other gold stocks by 5 percentage points.

Gold Fields has an average 1 year price target of $13.50, a downside of -17.28% from Gold Fields's current stock price of $16.32.

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. Centerra Gold (NYSE:CGAU)

Centerra Gold (NYSE:CGAU) is the second best gold stock with a Zen Score of 45, which is 22 points higher than the gold industry average of 23. It passed 18 out of 38 due diligence checks and has strong fundamentals. Centerra Gold has seen its stock return 32.54% over the past year, overperforming other gold stocks by 32 percentage points.

Centerra Gold has an average 1 year price target of $11.00, an upside of 52.57% from Centerra Gold's current stock price of $7.21.

Centerra Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Centerra 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. Agnico Eagle Mines (NYSE:AEM)

Agnico Eagle Mines (NYSE:AEM) is the third best gold stock with a Zen Score of 44, which is 21 points higher than the gold industry average of 23. It passed 16 out of 38 due diligence checks and has strong fundamentals. Agnico Eagle Mines has seen its stock return 27.22% over the past year, overperforming other gold stocks by 27 percentage points.

Agnico Eagle Mines has an average 1 year price target of $67.00, a downside of -4.44% from Agnico Eagle Mines's current stock price of $70.11.

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.

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 5.05%, which is 3 percentage points higher than the gold industry average of 1.85%. 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 350% 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 3.32%, which is 1 percentage points higher than the gold industry average of 1.85%. 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. Gold Fields (NYSE:GFI)

Gold Fields (NYSE:GFI) has an annual dividend yield of 2.39%, which is 1 percentage points higher than the gold industry average of 1.85%. Gold Fields's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Gold Fields's dividend has shown consistent growth over the last 10 years.

Gold Fields's dividend payout ratio of 49.4% indicates that its dividend yield is sustainable for the long-term.

Why are gold stocks up?

Gold stocks were up 3.05% in the last day, and up 4.19% over the last week. New Gold was the among the top gainers in the gold industry, gaining 12.23% yesterday.

Shares of precious metals stocks are trading higher amid strength in gold and silver.

What are the most undervalued gold stocks?

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

1. Centerra Gold (NYSE:CGAU)

Centerra Gold (NYSE:CGAU) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Centerra Gold has a valuation score of 57, which is 44 points higher than the gold industry average of 13. It passed 4 out of 7 valuation due diligence checks.

Centerra Gold's stock has gained 32.54% in the past year. It has overperformed other stocks in the gold industry by 32 percentage points.

2. Eldorado Gold (NYSE:EGO)

Eldorado Gold (NYSE:EGO) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Eldorado Gold has a valuation score of 43, which is 30 points higher than the gold industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Eldorado Gold's stock has gained 48.94% in the past year. It has overperformed other stocks in the gold industry by 48 percentage points.

3. Paramount Gold Nevada (NYSEMKT:PZG)

Paramount Gold Nevada (NYSEMKT:PZG) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Paramount Gold Nevada has a valuation score of 43, which is 30 points higher than the gold industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Paramount Gold Nevada's stock has gained 69.67% in the past year. It has overperformed other stocks in the gold industry by 69 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 8.58% 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 8.81x.

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.