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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ORLA
ORLA MINING LTD
Canada
$1.34B307,947,00032.50%0.00%
SBSW
SIBANYE STILLWATER LTD
South Africa
$5.19B2,830,370,2511.87%0.00%
AEM
AGNICO EAGLE MINES LTD
Canada
$25.44B493,547,43155.75%0.00%
SSRM
SSR MINING INC
United States
$3.01B206,519,83060.83%0.76%Net SellingNet Selling
AU
ANGLOGOLD ASHANTI LTD
South Africa
$10.23B418,600,47324.15%0.00%
GFI
GOLD FIELDS LTD
South Africa
$13.95B891,378,57123.64%0.00%
GAU
GALIANO GOLD INC
Canada
$130.92M224,943,45340.02%0.00%
RGLD
ROYAL GOLD INC
United States
$7.94B65,678,34682.23%5.70%Net SellingNet Selling
WPM
WHEATON PRECIOUS METALS CORP
Canada
$20.50B452,370,00058.33%0.00%
SAND
SANDSTORM GOLD LTD
Canada
$1.60B298,825,37852.34%0.00%
FNV
FRANCO NEVADA CORP
Canada
$28.28B191,892,69164.44%0.00%
BTG
B2GOLD CORP
Canada
$4.13B1,075,402,00054.38%0.00%
TRX
TRX GOLD CORP
Canada
$130.14M276,889,9701.12%3.50%
CMCL
CALEDONIA MINING CORP PLC
Jersey
$262.14M18,900,1078.36%0.00%
AGI
ALAMOS GOLD INC
Canada
$4.91B394,618,54153.19%0.00%
GOLD
BARRICK GOLD CORP
Canada
$30.11B1,755,408,00055.58%0.00%
KGC
KINROSS GOLD CORP
Canada
$5.92B1,227,563,02050.95%0.00%
IDR
IDAHO STRATEGIC RESOURCES INC
United States
$61.28M12,256,5238.41%11.00%Net BuyingNet Buying
VOXR
VOX ROYALTY CORP
Canada
$122.75M45,126,95631.13%0.00%
ODV
OSISKO DEVELOPMENT CORP
Canada
$375.74M83,498,63810.50%0.00%
THM
INTERNATIONAL TOWER HILL MINES LTD
Canada
$88.09M195,313,18448.74%51.26%
HL
HECLA MINING CO
United States
$3.35B612,636,80359.30%2.22%Net Buying
OR
OSISKO GOLD ROYALTIES LTD
Canada
$2.99B184,724,23756.57%0.00%
IAG
IAMGOLD CORP
Canada
$1.43B478,975,51249.15%0.00%
CGAU
CENTERRA GOLD INC
Canada
$1.32B218,737,01350.62%0.00%
EGO
ELDORADO GOLD CORP
Canada
$1.82B184,887,73462.41%0.00%
AUST
AUSTIN GOLD CORP
Canada
$13.68M13,271,7500.61%0.00%
AAU
ALMADEN MINERALS LTD
Canada
$17.29M137,221,4082.06%0.00%
CDE
COEUR MINING INC
United States
$1.07B333,035,56762.60%2.28%Net SellingNet Selling
NEM
NEWMONT CORP
United States
$33.41B794,712,20178.30%0.65%Net SellingNet Selling
PZG
PARAMOUNT GOLD NEVADA CORP
United States
$14.73M49,922,4016.46%23.03%Net BuyingNet Buying
VGZ
VISTA GOLD CORP
United States
$67.82M119,827,57230.00%24.19%Net SellingNet Selling
USAU
US GOLD CORP
United States
$36.00M8,371,5904.85%67.37%Net Buying
EQX
EQUINOX GOLD CORP
Canada
$1.53B312,319,59932.59%0.00%
IAUX
I-80 GOLD CORP
United States
$560.26M246,811,30039.90%0.00%
NG
NOVAGOLD RESOURCES INC
United States
$1.78B333,982,67853.85%37.85%Net BuyingNet Buying
NFGC
NEW FOUND GOLD CORP
Canada
$838.30M175,377,5263.57%0.00%
DC
DAKOTA GOLD CORP
United States
$252.30M75,314,45224.79%26.88%Net SellingNet Selling
NGD
NEW GOLD INC
Canada
$805.71M682,801,00031.00%0.00%
GLDG
GOLDMINING INC
Canada
$169.81M168,125,4889.23%0.00%
GORO
GOLD RESOURCE CORP
United States
$70.33M88,468,54225.31%38.02%
TFPM
TRIPLE FLAG PRECIOUS METALS CORP
Canada
$2.83B200,802,14480.36%0.00%
CTGO
CONTANGO ORE INC
United States
$249.16M7,619,7188.25%91.75%Net Selling
USGO
US GOLDMINING INC
Canada
N/A12,135,0010.00%83.55%Net BuyingNet Buying
SA
SEABRIDGE GOLD INC
Canada
$1.11B81,339,01234.74%0.00%

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 5.08% over the past year, overperforming other gold stocks by 7 percentage points.

Orla Mining has an average 1 year price target of $7.25, an upside of 67.05% from Orla Mining's current stock price of $4.34.

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 -39.39% over the past year, underperforming other gold stocks by -38 percentage points.

Sibanye Stillwater has an average 1 year price target of $9.50, an upside of 29.43% from Sibanye Stillwater's current stock price of $7.34.

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 -2.88% over the past year, underperforming other gold stocks by -1 percentage points.

Agnico Eagle Mines has an average 1 year price target of $63.00, an upside of 22.21% from Agnico Eagle Mines's current stock price of $51.55.

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 4.52%, which is 2 percentage points higher than the gold industry average of 2.24%. 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. B2gold (NYSEMKT:BTG)


B2gold (NYSEMKT:BTG) has an annual dividend yield of 4.17%, which is 2 percentage points higher than the gold industry average of 2.24%.

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

3. Caledonia Mining (NYSEMKT:CMCL)


Caledonia Mining (NYSEMKT:CMCL) has an annual dividend yield of 4.04%, which is 2 percentage points higher than the gold industry average of 2.24%. 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.

Why are gold stocks up?

Gold stocks were up 0.94% in the last day, and down -0.8% over the last week.

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

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 -28.68% in the past year. It has underperformed other stocks in the gold industry by -27 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 31.08% in the past year. It has overperformed other stocks in the gold industry by 33 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 -22.38% in the past year. It has underperformed other stocks in the gold industry by -21 percentage points.

Are gold stocks a good buy now?

56% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 18.16% 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 54.08x.
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.