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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
CMCL
CALEDONIA MINING CORP PLC
$213.80M3.36%24.10%$0.1400$0.5656%0
GFI
GOLD FIELDS LTD
$10.25B3.64%35.10%$0.2425$0.4260%62023-03-30
AU
ANGLOGOLD ASHANTI LTD
$8.64B2.28%66.30%$0.1770$0.4739%32023-04-10
SSRM
SSR MINING INC
$2.96B1.95%30.40%$0.0700$0.2833%02023-03-30
BTG
B2GOLD CORP
$3.93B4.37%66.70%$0.0400$0.1670%0
SBSW
SIBANYE STILLWATER LTD
$5.82B4.76%35.80%$0.3949$0.3973%5
ORLA
ORLA MINING LTD
$1.16BN/A0.00%N/AN/AN/AN/A
FNV
FRANCO NEVADA CORP
$27.54B0.91%35.50%$0.3400$1.3012%02023-03-30
RGLD
ROYAL GOLD INC
$8.24B1.14%39.10%$0.3750$1.4317%02023-04-052023-04-21
SAND
SANDSTORM GOLD LTD
$1.71B1.06%17.90%$0.0149$0.0615%0
TFPM
TRIPLE FLAG PRECIOUS METALS CORP
$1.93BN/A0.00%N/AN/AN/AN/A
AEM
AGNICO EAGLE MINES LTD
$23.21B3.15%104.60%$0.4000$1.6053%1
WPM
WHEATON PRECIOUS METALS CORP
$20.46B1.32%40.50%$0.1500$0.6021%52023-03-232023-04-06
AUY
YAMANA GOLD INC
$5.56B2.07%46.20%$0.0300$0.1235%4
CGAU
CENTERRA GOLD INC
$1.39B2.55%-74.80%$0.0530$0.1644%02023-03-28
GOLD
BARRICK GOLD CORP
$31.81B3.59%270.80%$0.1000$0.6559%6
VOXR
VOX ROYALTY CORP
$110.11MN/A0.00%N/AN/AN/AN/A
AGI
ALAMOS GOLD INC
$4.44B0.88%111.10%$0.0250$0.1012%22023-03-30
GAU
GALIANO GOLD INC
$118.32MN/A0.00%N/AN/AN/AN/A
IDR
IDAHO STRATEGIC RESOURCES INC
$60.37MN/A0.00%N/AN/AN/AN/A
OR
OSISKO GOLD ROYALTIES LTD
$2.73B1.13%-34.20%$0.0407$0.1717%12023-03-302023-04-14
THM
INTERNATIONAL TOWER HILL MINES LTD
$106.45MN/A0.00%N/AN/AN/AN/A
TRX
TRX GOLD CORP
$134.15MN/AN/AN/AN/AN/AN/A
AAU
ALMADEN MINERALS LTD
$28.27MN/A0.00%N/AN/AN/AN/A
EGO
ELDORADO GOLD CORP
$1.83BN/A0.00%$0.0747N/AN/A2
AUST
AUSTIN GOLD CORP
$13.79MN/A0.00%N/AN/AN/AN/A
IAG
IAMGOLD CORP
$1.19BN/A0.00%$0.1250N/AN/A0
PZG
PARAMOUNT GOLD NEVADA CORP
$14.50MN/A0.00%N/AN/AN/AN/A
NGD
NEW GOLD INC
$607.23MN/A0.00%N/AN/AN/AN/A
HL
HECLA MINING CO
$3.40B0.40%-31.40%$0.0063$0.024%62023-03-24
ODV
OSISKO DEVELOPMENT CORP
$341.81MN/AN/AN/AN/AN/AN/A
VGZ
VISTA GOLD CORP
$65.44MN/A0.00%N/AN/AN/AN/A
KGC
KINROSS GOLD CORP
$5.05B2.91%-25.50%$0.0300$0.1249%12023-03-23
USAU
US GOLD CORP
$36.17MN/A0.00%N/AN/AN/AN/A
GORO
GOLD RESOURCE CORP
$79.56M3.33%-57.10%$0.0100$0.0355%5
NG
NOVAGOLD RESOURCES INC
$1.93BN/A0.00%N/AN/AN/AN/A
SA
SEABRIDGE GOLD INC
$960.22MN/A0.00%N/AN/AN/AN/A
CDE
COEUR MINING INC
$910.59MN/A0.00%N/AN/AN/AN/A
EQX
EQUINOX GOLD CORP
$1.40BN/A0.00%N/AN/AN/AN/A
NFGC
NEW FOUND GOLD CORP
$726.86MN/A0.00%N/AN/AN/AN/A
DC
DAKOTA GOLD CORP
$252.46MN/AN/AN/AN/AN/AN/A
NEM
NEWMONT CORP
$38.24B4.26%-407.40%$0.4000$2.0568%72023-03-23
GLDG
GOLDMINING INC
$184.95MN/A0.00%N/AN/AN/AN/A
CTGO
CONTANGO ORE INC
$164.27MN/A0.00%N/AN/AN/AN/A
IAUX
I-80 GOLD CORP
$524.42MN/A0.00%N/AN/AN/AN/A
1

Gold Stocks FAQ

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

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

1. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) is the top gold stock with a Zen Score of 64, which is 37 points higher than the gold industry average of 27. It passed 23 out of 38 due diligence checks and has strong fundamentals. Caledonia Mining has seen its stock return 20.72% over the past year, overperforming other gold stocks by 37 percentage points.

2. Gold Fields (NYSE:GFI)


Gold Fields (NYSE:GFI) is the second best gold stock with a Zen Score of 54, which is 27 points higher than the gold industry average of 27. It passed 20 out of 38 due diligence checks and has strong fundamentals. Gold Fields has seen its stock lose -26.62% over the past year, underperforming other gold stocks by -10 percentage points.

Gold Fields has an average 1 year price target of $13.40, an upside of 16.02% from Gold Fields's current stock price of $11.55.

Gold Fields stock has a consensus Hold 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, 100% 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 50, which is 23 points higher than the gold industry average of 27. It passed 19 out of 38 due diligence checks and has strong fundamentals. Anglogold Ashanti has seen its stock lose -13.6% over the past year, overperforming other gold stocks by 3 percentage points.

Anglogold Ashanti has an average 1 year price target of $20.00, a downside of -3.1% from Anglogold Ashanti's current stock price of $20.64.

Anglogold Ashanti stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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 19 gold stocks that have issued dividends in the past year, the 3 gold stocks with the highest dividend yields are:

1. B2gold (NYSEMKT:BTG)


B2gold (NYSEMKT:BTG) has an annual dividend yield of 4.37%, which is 2 percentage points higher than the gold industry average of 2.45%.

B2gold's dividend payout ratio of 66.7% indicates that its dividend yield is sustainable for the long-term.

2. Newmont (NYSE:NEM)


Newmont (NYSE:NEM) has an annual dividend yield of 4.26%, which is 2 percentage points higher than the gold industry average of 2.45%. Newmont's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Newmont's dividend has not shown consistent growth over the last 10 years.

Newmont's dividend payout ratio of -407.4% 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 3.64%, which is 1 percentage points higher than the gold industry average of 2.45%. 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 35.1% indicates that its dividend yield is sustainable for the long-term.

Why are gold stocks up?

Gold stocks were up 4.87% in the last day, and up 11.13% over the last week. Orla Mining was the among the top gainers in the gold industry, gaining 12.5% yesterday.

Orla Mining shares are trading higher after the company reported Q4 EPS results were higher year over year.

What are the most undervalued gold stocks?

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

1. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Caledonia Mining has a valuation score of 71, which is 55 points higher than the gold industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Caledonia Mining's stock has gained 20.72% in the past year. It has overperformed other stocks in the gold industry by 37 percentage points.

2. Ssr Mining (NASDAQ:SSRM)


Ssr Mining (NASDAQ:SSRM) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Ssr Mining has a valuation score of 71, which is 55 points higher than the gold industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Ssr Mining's stock has dropped -32.97% in the past year. It has underperformed other stocks in the gold industry by -16 percentage points.

3. Sibanye Stillwater (NYSE:SBSW)


Sibanye Stillwater (NYSE:SBSW) is the third most undervalued gold stock based on WallStreetZen's Valuation Score. Sibanye Stillwater has a valuation score of 57, which is 41 points higher than the gold industry average of 16. It passed 4 out of 7 valuation due diligence checks.

Sibanye Stillwater's stock has dropped -53.76% in the past year. It has underperformed other stocks in the gold industry by -37 percentage points.

Are gold stocks a good buy now?

40.48% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 26.01% 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 12.16x.
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