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Best Gold Stocks to Buy Now (2023)
Top gold stocks in 2023 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
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
ORLA
ORLA MINING LTD
$1.43B$4.63$7.2556.59%Strong Buy1N/A50.24%32.69%22.65%
SBSW
SIBANYE STILLWATER LTD
$5.17B$7.30$9.5030.14%Buy212.47%106.13%115.39%61.01%
AEM
AGNICO EAGLE MINES LTD
$25.64B$51.95$63.0021.27%Strong Buy1-0.37%-55.69%5.36%3.58%
SSRM
SSR MINING INC
$3.09B$14.97$19.0026.92%Buy111.23%86.49%6.84%4.69%
GFI
GOLD FIELDS LTD
$14.01B$15.72N/AN/AN/AN/A5.24%62.50%33.68%19.31%
AU
ANGLOGOLD ASHANTI LTD
$10.27B$24.54N/AN/AN/AN/A8.39%198.59%19.19%9.75%
GAU
GALIANO GOLD INC
$130.47M$0.58$1.90227.59%Buy1N/AN/AN/AN/A
RGLD
ROYAL GOLD INC
$8.11B$123.49$129.254.66%Hold4-0.18%2.33%9.18%7.32%
WPM
WHEATON PRECIOUS METALS CORP
$20.52B$45.36$49.509.13%Buy412.08%-2.41%N/AN/A
SAND
SANDSTORM GOLD LTD
$1.62B$5.42$9.2570.66%Buy3N/AN/AN/AN/A
BTG
B2GOLD CORP
$4.07B$3.78$4.2512.43%Hold1N/AN/AN/AN/A
FNV
FRANCO NEVADA CORP
$28.31B$147.52$153.504.05%Sell22.96%1.47%10.38%10.05%
TRX
TRX GOLD CORP
$132.35M$0.48$1.10130.13%Buy1N/AN/AN/AN/A
CMCL
CALEDONIA MINING CORP PLC
$243.62M$12.89N/AN/AN/AN/AN/AN/AN/AN/A
AGI
ALAMOS GOLD INC
$4.85B$12.28$14.5018.08%Buy10.37%55.14%8.27%6.13%
GOLD
BARRICK GOLD CORP
$30.39B$17.31$23.0032.87%Buy39.63%351.33%9.51%4.68%
KGC
KINROSS GOLD CORP
$5.95B$4.85$5.9322.16%Hold4-0.25%587.99%9.80%5.49%
IDR
IDAHO STRATEGIC RESOURCES INC
$59.81M$4.88N/AN/AN/AN/AN/AN/A46.50%33.75%
VOXR
VOX ROYALTY CORP
$117.78M$2.61N/AN/AN/AN/AN/AN/AN/AN/A
ODV
OSISKO DEVELOPMENT CORP
$388.27M$4.65N/AN/AN/AN/A191.66%N/A12.29%9.21%
EGO
ELDORADO GOLD CORP
$1.79B$9.67$8.90-7.96%Sell120.22%N/A5.52%3.98%
THM
INTERNATIONAL TOWER HILL MINES LTD
$91.99M$0.47N/AN/AN/AN/AN/AN/AN/AN/A
HL
HECLA MINING CO
$3.36B$5.48$6.3014.96%Buy524.08%N/A13.84%9.42%
OR
OSISKO GOLD ROYALTIES LTD
$2.95B$15.98N/AN/AN/AN/A7.50%N/A7.71%6.75%
IAG
IAMGOLD CORP
$1.36B$2.84$3.3417.54%Hold426.51%N/A1.80%0.94%
CGAU
CENTERRA GOLD INC
$1.34B$6.13$11.0079.45%Strong Buy236.71%N/A4.69%3.65%
AUST
AUSTIN GOLD CORP
$13.94M$1.05N/AN/AN/AN/AN/AN/AN/AN/A
AAU
ALMADEN MINERALS LTD
$16.47M$0.12N/AN/AN/AN/AN/AN/AN/AN/A
CDE
COEUR MINING INC
$1.03B$3.10$3.7520.97%Hold26.20%N/A0.35%0.18%
NEM
NEWMONT CORP
$33.45B$42.09$59.6341.66%Strong Buy82.70%N/A11.03%5.57%
PZG
PARAMOUNT GOLD NEVADA CORP
$14.48M$0.29N/AN/AN/AN/AN/AN/AN/AN/A
VGZ
VISTA GOLD CORP
$70.70M$0.59$2.25281.36%Buy1N/AN/AN/AN/A
USAU
US GOLD CORP
$36.17M$4.32$10.50143.06%Buy1N/AN/AN/AN/A
EQX
EQUINOX GOLD CORP
$1.49B$4.78N/AN/AN/AN/AN/AN/AN/AN/A
IAUX
I-80 GOLD CORP
$555.33M$2.25N/AN/AN/AN/AN/AN/AN/AN/A
NG
NOVAGOLD RESOURCES INC
$1.74B$5.21N/AN/AN/AN/AN/AN/AN/AN/A
NFGC
NEW FOUND GOLD CORP
$778.68M$4.44N/AN/AN/AN/AN/AN/AN/AN/A
DC
DAKOTA GOLD CORP
$244.02M$3.24N/AN/AN/AN/AN/AN/AN/AN/A
NGD
NEW GOLD INC
$839.85M$1.23$0.85-30.89%Sell1N/AN/AN/AN/A
GLDG
GOLDMINING INC
$173.17M$1.03$5.00385.44%Buy1N/AN/AN/AN/A
GORO
GOLD RESOURCE CORP
$72.54M$0.82$3.00265.85%Buy1N/AN/AN/AN/A
TFPM
TRIPLE FLAG PRECIOUS METALS CORP
$2.85B$14.20$16.0012.68%Buy1N/AN/AN/AN/A
CTGO
CONTANGO ORE INC
$216.21M$28.38N/AN/AN/AN/AN/AN/AN/AN/A
USGO
US GOLDMINING INC
N/A$14.70N/AN/AN/AN/AN/AN/AN/AN/A
SA
SEABRIDGE GOLD INC
$1.14B$14.01N/AN/AN/AN/AN/AN/A-3.63%-2.41%

Gold Stocks FAQ

What are the best gold stocks to buy right now in Jun 2023?

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

1. Orla Mining (NYSEMKT:ORLA)


Orla Mining (NYSEMKT:ORLA) is the top gold stock with a Zen Score of 60, which is 32 points higher than the gold industry average of 28. It passed 20 out of 33 due diligence checks and has strong fundamentals. Orla Mining has seen its stock return 7.93% over the past year, overperforming other gold stocks by 13 percentage points.

Orla Mining has an average 1 year price target of $7.25, an upside of 56.59% from Orla Mining's current stock price of $4.63.

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

2. Sibanye Stillwater (NYSE:SBSW)


Sibanye Stillwater (NYSE:SBSW) is the second best gold stock with a Zen Score of 54, which is 26 points higher than the gold industry average of 28. It passed 22 out of 38 due diligence checks and has strong fundamentals. Sibanye Stillwater has seen its stock lose -43.98% over the past year, underperforming other gold stocks by -39 percentage points.

Sibanye Stillwater has an average 1 year price target of $9.50, an upside of 30.14% from Sibanye Stillwater's current stock price of $7.30.

Sibanye Stillwater stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Sibanye Stillwater, 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.

3. Agnico Eagle Mines (NYSE:AEM)


Agnico Eagle Mines (NYSE:AEM) is the third best gold stock with a Zen Score of 53, which is 25 points higher than the gold industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Agnico Eagle Mines has seen its stock lose -6.3% over the past year, underperforming other gold stocks by -2 percentage points.

Agnico Eagle Mines has an average 1 year price target of $63.00, an upside of 21.27% from Agnico Eagle Mines's current stock price of $51.95.

Agnico Eagle Mines stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agnico Eagle Mines, 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 16 gold stocks that have issued dividends in the past year, the 3 gold stocks with the highest dividend yields are:

1. Newmont (NYSE:NEM)


Newmont (NYSE:NEM) has an annual dividend yield of 4.51%, which is 2 percentage points higher than the gold industry average of 2.25%. Newmont's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Newmont's dividend has shown consistent growth over the last 10 years.

Newmont's dividend payout ratio of -310.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 4.34%, which is 2 percentage points higher than the gold industry average of 2.25%. 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 91.8% indicates that its dividend yield might not be sustainable for the long-term.

3. B2gold (NYSEMKT:BTG)


B2gold (NYSEMKT:BTG) has an annual dividend yield of 4.23%, which is 2 percentage points higher than the gold industry average of 2.25%.

B2gold's dividend payout ratio of 64% indicates that its dividend yield is sustainable for the long-term.

Why are gold stocks down?

Gold stocks were down -0.91% in the last day, and up 2.15% over the last week.

We couldn't find a catalyst for why gold stocks are down.

What are the most undervalued gold stocks?

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

1. Ssr Mining (NASDAQ:SSRM)


Ssr Mining (NASDAQ:SSRM) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Ssr Mining has a valuation score of 86, which is 62 points higher than the gold industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Ssr Mining's stock has dropped -30.05% in the past year. It has underperformed other stocks in the gold industry by -25 percentage points.

2. Galiano Gold (NYSEMKT:GAU)


Galiano Gold (NYSEMKT:GAU) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Galiano Gold has a valuation score of 71, which is 47 points higher than the gold industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Galiano Gold's stock has gained 38.1% in the past year. It has overperformed other stocks in the gold industry by 43 percentage points.

3. Sandstorm Gold (NYSEMKT:SAND)


Sandstorm Gold (NYSEMKT:SAND) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Sandstorm Gold has a valuation score of 71, which is 47 points higher than the gold industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Sandstorm Gold's stock has dropped -22.79% in the past year. It has underperformed other stocks in the gold industry by -18 percentage points.

Are gold stocks a good buy now?

53.85% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 16.94% 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 54.98x.
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.