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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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
GFI
GOLD FIELDS LTD
$14.41B$16.13$13.50-16.31%Sell217.94%73.93%N/AN/A
CGAU
CENTERRA GOLD INC
$1.50B$6.98$11.0057.59%Buy2-2.59%75.25%N/AN/A
AU
ANGLOGOLD ASHANTI (PTY) LTD
$10.34B$24.70$31.0025.51%Strong Buy114.89%107.26%N/AN/A
AEM
AGNICO EAGLE MINES LTD
$33.88B$68.01$67.00-1.49%Buy22.32%93.01%N/AN/A
KGC
KINROSS GOLD CORP
$9.74B$7.93$8.000.88%Buy1-1.00%15.88%N/AN/A
GOLD
BARRICK GOLD CORP
$30.35B$17.29$22.3329.17%Buy37.43%22.47%N/AN/A
AGI
ALAMOS GOLD INC
$6.57B$16.54$18.8113.74%Strong Buy49.34%5.61%N/AN/A
EGO
ELDORADO GOLD CORP
$3.19B$15.72N/AN/AN/AN/A17.85%47.66%N/AN/A
RGLD
ROYAL GOLD INC
$8.57B$130.45$138.506.17%Buy215.51%10.91%N/AN/A
IDR
IDAHO STRATEGIC RESOURCES INC
$126.58M$9.94$10.000.65%Strong Buy1N/AN/AN/AN/A
WPM
WHEATON PRECIOUS METALS CORP
$25.65B$56.61$59.004.22%Strong Buy410.52%-1.90%N/AN/A
CMCL
CALEDONIA MINING CORP PLC
$204.42M$10.65$13.5026.76%Buy1N/AN/AN/AN/A
TRX
TRX GOLD CORP
$126.21M$0.45$1.58248.45%Strong Buy2N/AN/AN/AN/A
OR
OSISKO GOLD ROYALTIES LTD
$3.01B$16.18$15.00-7.29%Hold19.82%N/AN/AN/A
SAND
SANDSTORM GOLD LTD
$1.76B$5.90$8.6346.19%Buy20.92%N/AN/AN/A
ORLA
ORLA MINING LTD
$1.33B$4.22N/AN/AN/AN/A3.97%N/AN/AN/A
IAG
IAMGOLD CORP
$1.99B$4.01$4.00-0.25%Buy221.90%N/AN/AN/A
THM
INTERNATIONAL TOWER HILL MINES LTD
$135.39M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
NEM
NEWMONT CORP
$48.88B$42.39$45.076.32%Buy712.23%N/AN/AN/A
FSM
FORTUNA SILVER MINES INC
$1.75B$5.71$4.88-14.62%Hold2N/AN/A11.91%7.71%
FNV
FRANCO NEVADA CORP
$23.94B$124.51$139.8612.33%Buy7-1.28%N/AN/AN/A
EQX
EQUINOX GOLD CORP
$1.82B$5.53N/AN/AN/AN/AN/AN/AN/AN/A
PAAS
PAN AMERICAN SILVER CORP
$7.74B$21.33$21.500.80%Buy41.37%N/AN/AN/A
ARMN
ARIS MINING CORP
$590.22M$4.16N/AN/AN/AN/AN/AN/AN/AN/A
AUST
AUSTIN GOLD CORP
$13.54M$1.02N/AN/AN/AN/AN/AN/AN/AN/A
PZG
PARAMOUNT GOLD NEVADA CORP
$28.51M$0.45N/AN/AN/AN/AN/AN/AN/AN/A
ODV
OSISKO DEVELOPMENT CORP
$177.50M$2.11N/AN/AN/AN/A380.82%N/AN/AN/A
SSRM
SSR MINING INC
$1.12B$5.52$4.67-15.45%Hold3-23.24%N/AN/AN/A
NGD
NEW GOLD INC
$1.35B$1.95$2.138.97%Buy2N/AN/AN/AN/A
BTG
B2GOLD CORP
$3.68B$2.82$3.5024.11%Strong Buy1N/AN/AN/AN/A
GAU
GALIANO GOLD INC
$454.15M$1.79$3.3385.75%Buy2N/AN/AN/AN/A
GLDG
GOLDMINING INC
$162.03M$0.88N/AN/AN/AN/AN/AN/AN/AN/A
HYMC
HYCROFT MINING HOLDING CORP
$77.72M$3.37N/AN/AN/AN/AN/AN/AN/AN/A
CDE
COEUR MINING INC
$2.19B$5.49$4.97-9.53%Buy314.29%N/AN/AN/A
DC
DAKOTA GOLD CORP
$271.02M$3.09N/AN/AN/AN/AN/AN/AN/AN/A
IAUX
I-80 GOLD CORP
$368.42M$1.17N/AN/AN/AN/AN/AN/AN/AN/A
NFGC
NEW FOUND GOLD CORP
$697.12M$3.68$9.00144.57%Strong Buy1N/AN/AN/AN/A
NG
NOVAGOLD RESOURCES INC
$1.20B$3.58N/AN/AN/AN/AN/AN/AN/AN/A
GORO
GOLD RESOURCE CORP
$48.57M$0.54$1.50180.37%Buy1N/AN/AN/AN/A
USAU
US GOLD CORP
$54.41M$5.83$11.0088.68%Buy1N/AN/AN/AN/A
VGZ
VISTA GOLD CORP
$65.38M$0.54$2.50365.55%Buy1N/AN/AN/AN/A
SBSW
SIBANYE STILLWATER LTD
$3.71B$5.25$5.504.76%Hold2-3.26%N/AN/AN/A
SA
SEABRIDGE GOLD INC
$1.29B$14.83N/AN/AN/AN/AN/AN/AN/AN/A
CTGO
CONTANGO ORE INC
$208.14M$21.61$38.0075.84%Strong Buy1N/AN/AN/AN/A

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 6.12% 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 -16.31% from Gold Fields's current stock price of $16.13.

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 30.22% over the past year, overperforming other gold stocks by 29 percentage points.

Centerra Gold has an average 1 year price target of $11.00, an upside of 57.59% from Centerra Gold's current stock price of $6.98.

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. Anglogold Ashanti (NYSE:AU)


Anglogold Ashanti (NYSE:AU) 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 18 out of 38 due diligence checks and has strong fundamentals. Anglogold Ashanti has seen its stock return 1.77% over the past year, overperforming other gold stocks by 1 percentage points.

Anglogold Ashanti has an average 1 year price target of $31.00, an upside of 25.51% from Anglogold Ashanti's current stock price of $24.70.

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 5.26%, which is 3 percentage points higher than the gold industry average of 1.93%. 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 3.42%, which is 1 percentage points higher than the gold industry average of 1.93%. 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 2.42%, which is the same as the gold industry average of 1.93%. 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 down?

Gold stocks were down -3.14% in the last day, and up 0.26% over the last week. Iamgold was the among the top losers in the gold industry, dropping -10.69% yesterday.

Iamgold shares are trading lower after the company announced a $300 million bought deal financing.

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 30.22% in the past year. It has overperformed other stocks in the gold industry by 29 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 52.18% in the past year. It has overperformed other stocks in the gold industry by 51 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 54.48% in the past year. It has overperformed other stocks in the gold industry by 54 percentage points.

Are gold stocks a good buy now?

56.67% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 12.25% 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 9.12x.
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.