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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
GFI
GOLD FIELDS LTD
$13.12B2.66%49.40%$0.2190$0.3951%6
RGLD
ROYAL GOLD INC
$8.21B1.24%45.70%$0.4000$1.5525%02024-07-052024-07-19
AGI
ALAMOS GOLD INC
$6.24B0.64%19.20%$0.0250$0.1011%22024-06-27
AEM
AGNICO EAGLE MINES LTD
$32.50B1.84%175.80%$0.4000$1.2038%0
GOLD
BARRICK GOLD CORP
$29.07B1.81%48.80%$0.1000$0.3038%5
CGAU
CENTERRA GOLD INC
$1.48B0.75%36.80%$0.0520$0.0514%0
KGC
KINROSS GOLD CORP
$9.36B1.18%34.30%$0.0300$0.0923%0
WPM
WHEATON PRECIOUS METALS CORP
$24.02B0.86%46.40%$0.1550$0.4616%1
IDR
IDAHO STRATEGIC RESOURCES INC
$120.52MN/A0.00%N/AN/AN/AN/A
EGO
ELDORADO GOLD CORP
$3.05BN/A0.00%$0.0747N/AN/A1
CMCL
CALEDONIA MINING CORP PLC
$184.27M5.83%350.00%$0.1400$0.5684%0
BTG
B2GOLD CORP
$3.46B4.53%-400.00%$0.0400$0.1275%0
TRX
TRX GOLD CORP
$111.69MN/A0.00%N/AN/AN/AN/A
ORLA
ORLA MINING LTD
$1.22BN/A0.00%N/AN/AN/AN/A
SAND
SANDSTORM GOLD LTD
$1.61B1.20%81.20%$0.0200$0.0624%0
FNV
FRANCO NEVADA CORP
$22.45B1.20%-55.20%$0.3600$1.4024%02024-06-27
OR
OSISKO GOLD ROYALTIES LTD
$3.05B1.19%-92.10%$0.0600$0.2023%12024-06-282024-07-15
IAG
IAMGOLD CORP
$1.84BN/A0.00%N/AN/AN/AN/A
THM
INTERNATIONAL TOWER HILL MINES LTD
$104.24MN/A0.00%N/AN/AN/AN/A
NEM
NEWMONT CORP
$48.73B2.48%-44.30%$0.2500$1.0548%32024-06-27
FSM
FORTUNA SILVER MINES INC
$1.55BN/A0.00%N/AN/AN/AN/A
EQX
EQUINOX GOLD CORP
$1.75BN/A0.00%N/AN/AN/AN/A
AUST
AUSTIN GOLD CORP
$10.76MN/A0.00%N/AN/AN/AN/A
PAAS
PAN AMERICAN SILVER CORP
$7.37B1.97%-71.40%$0.1000$0.4041%2
ARMN
ARIS MINING CORP
$561.85MN/A0.00%N/AN/AN/AN/A
ODV
OSISKO DEVELOPMENT CORP
$165.72MN/A0.00%N/AN/AN/AN/A
PZG
PARAMOUNT GOLD NEVADA CORP
$27.30MN/A0.00%N/AN/AN/AN/A
SSRM
SSR MINING INC
$915.47M3.09%-10.30%$0.0700$0.1457%0
GLDG
GOLDMINING INC
$160.74MN/A0.00%N/AN/AN/AN/A
GAU
GALIANO GOLD INC
$416.10MN/A0.00%N/AN/AN/AN/A
CDE
COEUR MINING INC
$2.30BN/A0.00%N/AN/AN/AN/A
NGD
NEW GOLD INC
$1.34BN/A0.00%N/AN/AN/AN/A
HYMC
HYCROFT MINING HOLDING CORP
$56.28MN/A0.00%N/AN/AN/AN/A
IAUX
I-80 GOLD CORP
$340.08MN/A0.00%N/AN/AN/AN/A
DC
DAKOTA GOLD CORP
$206.11MN/A0.00%N/AN/AN/AN/A
NG
NOVAGOLD RESOURCES INC
$1.12BN/A0.00%N/AN/AN/AN/A
NFGC
NEW FOUND GOLD CORP
$585.35MN/A0.00%N/AN/AN/AN/A
SBSW
SIBANYE STILLWATER LTD
$3.36BN/A-3.90%$0.3949N/AN/A4
GORO
GOLD RESOURCE CORP
$38.86MN/A0.00%$0.0100N/AN/A3
USAU
US GOLD CORP
$52.54MN/A0.00%N/AN/AN/AN/A
VGZ
VISTA GOLD CORP
$57.10MN/A0.00%N/AN/AN/AN/A
SA
SEABRIDGE GOLD INC
$1.26BN/A0.00%N/AN/AN/AN/A
CTGO
CONTANGO ORE INC
$161.72MN/A0.00%N/AN/AN/AN/A

Gold Stocks FAQ

What are the best gold stocks to buy right now in Jun 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 56, which is 32 points higher than the gold industry average of 24. It passed 21 out of 38 due diligence checks and has strong fundamentals. Gold Fields has seen its stock return 1.8% over the past year, underperforming other gold stocks by -1 percentage points.

Gold Fields has an average 1 year price target of $15.13, an upside of 3.03% from Gold Fields's current stock price of $14.68.

Gold Fields stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 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. Royal Gold (NASDAQ:RGLD)


Royal Gold (NASDAQ:RGLD) is the second best gold stock with a Zen Score of 55, which is 31 points higher than the gold industry average of 24. It passed 20 out of 38 due diligence checks and has strong fundamentals. Royal Gold has seen its stock return 10.24% over the past year, overperforming other gold stocks by 8 percentage points.

Royal Gold has an average 1 year price target of $141.67, an upside of 13.47% from Royal Gold's current stock price of $124.85.

Royal Gold stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Royal Gold, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Alamos Gold (NYSE:AGI)


Alamos Gold (NYSE:AGI) is the third best gold stock with a Zen Score of 51, which is 27 points higher than the gold industry average of 24. It passed 21 out of 38 due diligence checks and has strong fundamentals. Alamos Gold has seen its stock return 33.9% over the past year, overperforming other gold stocks by 31 percentage points.

Alamos Gold has an average 1 year price target of $18.81, an upside of 19.68% from Alamos Gold's current stock price of $15.72.

Alamos Gold stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Alamos Gold, 50% have issued a Strong Buy rating, 50% 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 5.83%, which is 4 percentage points higher than the gold industry average of 2.03%. 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. B2gold (NYSEMKT:BTG)


B2gold (NYSEMKT:BTG) has an annual dividend yield of 4.53%, which is 2 percentage points higher than the gold industry average of 2.03%. B2gold's dividend payout is stable, having never dropped by more than 10% in the last 10 years. B2gold's dividend has shown consistent growth over the last 10 years.

B2gold's dividend payout ratio of -400% indicates that its high 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 2.66%, which is 1 percentage points higher than the gold industry average of 2.03%. 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 -1.2% in the last day, and up 0.97% 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. Eldorado Gold (NYSE:EGO)


Eldorado Gold (NYSE:EGO) is the most undervalued gold stock based on WallStreetZen's Valuation Score. Eldorado Gold has a valuation score of 43, which is 31 points higher than the gold industry average of 12. It passed 3 out of 7 valuation due diligence checks.

Eldorado Gold's stock has gained 52.13% in the past year. It has overperformed other stocks in the gold industry by 49 percentage points.

2. Centerra Gold (NYSE:CGAU)


Centerra Gold (NYSE:CGAU) is the second most undervalued gold stock based on WallStreetZen's Valuation Score. Centerra Gold has a valuation score of 43, which is 31 points higher than the gold industry average of 12. It passed 3 out of 7 valuation due diligence checks.

Centerra Gold's stock has gained 15.33% in the past year. It has overperformed other stocks in the gold industry by 13 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 31 points higher than the gold industry average of 12. It passed 3 out of 7 valuation due diligence checks.

Paramount Gold Nevada's stock has gained 30% in the past year. It has overperformed other stocks in the gold industry by 27 percentage points.

Are gold stocks a good buy now?

58.06% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 22.7% 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 7.48x.
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.