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.
Learn more.
The Component Grade breakdown for New Gold (NYSEMKT:NGD) is: Value: B, Growth: A, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: A.
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 83.06% over the past year, overperforming other gold stocks by 43 percentage points.
New Gold has an average 1 year
price target of $4.75, an upside of 41.79% from New Gold's current stock price of $3.35.
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 30.05% over the past year, underperforming other gold stocks by -10 percentage points.
3. Royal Gold (NASDAQ:RGLD)
The Component Grade breakdown for Royal Gold (NASDAQ:RGLD) is: Value: C, Growth: C, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: C.
Royal Gold (NASDAQ:RGLD) has a Due Diligence Score of 55, which is 23 points higher than the gold industry average of 32.
RGLD passed 21 out of 38 due diligence checks and has strong fundamentals. Royal Gold has seen its stock return 45.16% over the past year, overperforming other gold stocks by 5 percentage points.
Royal Gold has an average 1 year
price target of $184.25, an upside of 2.15% from Royal Gold's current stock price of $180.38.
Royal Gold stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Royal Gold, 25% have issued a Strong Buy rating, 75% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.