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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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
GFI	GOLD FIELDS LTD	South Africa	$14.58B	893,540,813	18.75%	0.00%
CGAU	CENTERRA GOLD INC	Canada	$1.55B	214,361,403	53.39%	0.00%
AEM	AGNICO EAGLE MINES LTD	Canada	$34.93B	498,193,015	60.19%	0.00%
AU	ANGLOGOLD ASHANTI (PTY) LTD	South Africa	$10.64B	418,600,473	30.97%	0.00%
GOLD	BARRICK GOLD CORP	Canada	$31.41B	1,755,636,000	54.62%	0.00%
KGC	KINROSS GOLD CORP	Canada	$9.82B	1,227,837,974	51.24%	0.00%
RGLD	ROYAL GOLD INC	United States	$8.75B	65,733,062	82.57%	5.73%	Net Selling	Net Selling
EGO	ELDORADO GOLD CORP	Canada	$3.29B	203,138,351	66.38%	0.00%
AGI	ALAMOS GOLD INC	Canada	$6.78B	396,956,984	55.87%	0.00%
IDR	IDAHO STRATEGIC RESOURCES INC	United States	$124.86M	12,740,362	8.75%	9.74%	Net Selling	Net Selling
WPM	WHEATON PRECIOUS METALS CORP	Canada	$25.83B	453,069,254	58.95%	0.00%
CMCL	CALEDONIA MINING CORP PLC	Jersey	$212.87M	19,194,525	26.37%	0.00%
TRX	TRX GOLD CORP	Canada	$132.92M	279,235,623	0.92%	3.47%
OR	OSISKO GOLD ROYALTIES LTD	Canada	$3.09B	185,761,000	67.17%	0.00%
THM	INTERNATIONAL TOWER HILL MINES LTD	Canada	$135.79M	199,693,442	38.62%	61.38%	Net Buying
ORLA	ORLA MINING LTD	Canada	$1.38B	315,296,000	42.82%	0.00%
IAG	IAMGOLD CORP	Canada	$2.24B	496,600,000	49.54%	0.00%
SAND	SANDSTORM GOLD LTD	Canada	$1.76B	297,829,746	52.21%	0.00%
NEM	NEWMONT CORP	United States	$50.44B	1,153,140,195	66.43%	0.50%	Net Selling	Net Selling
FNV	FRANCO NEVADA CORP	Canada	$24.71B	192,307,477	67.47%	0.00%
EQX	EQUINOX GOLD CORP	Canada	$1.87B	329,803,145	40.60%	0.00%
FSM	FORTUNA SILVER MINES INC	Canada	$1.79B	306,587,630	34.74%	0.00%
PAAS	PAN AMERICAN SILVER CORP	Canada	$7.89B	362,940,000	51.52%	0.00%
AUST	AUSTIN GOLD CORP	Canada	$13.14M	13,271,750	0.14%	0.00%
ARMN	ARIS MINING CORP	Canada	$598.74M	141,880,424	28.67%	9.39%
ODV	OSISKO DEVELOPMENT CORP	Canada	$193.48M	84,123,410	14.28%	0.00%
GAU	GALIANO GOLD INC	Canada	$428.78M	253,716,787	43.25%	0.00%
PZG	PARAMOUNT GOLD NEVADA CORP	United States	$32.39M	63,628,411	4.38%	18.86%
SSRM	SSR MINING INC	United States	$1.16B	202,089,818	62.01%	1.18%	Net Selling	Net Selling
BTG	B2GOLD CORP	Canada	$3.79B	1,305,408,000	46.18%	0.00%
GLDG	GOLDMINING INC	Canada	$157.25M	183,914,853	6.25%	0.00%
CDE	COEUR MINING INC	United States	$2.35B	399,320,531	66.02%	2.17%	Net Selling	Net Selling
NGD	NEW GOLD INC	Canada	$1.46B	689,829,000	38.50%	0.00%
HYMC	HYCROFT MINING HOLDING CORP	United States	$82.80M	23,063,716	1.39%	98.61%	Net Selling
DC	DAKOTA GOLD CORP	United States	$263.12M	87,708,275	36.30%	23.63%	Net Buying	Net Buying
IAUX	I-80 GOLD CORP	United States	$384.16M	314,888,674	41.31%	0.00%
NG	NOVAGOLD RESOURCES INC	United States	$1.17B	334,371,223	46.55%	53.45%	Net Buying	Net Buying
NFGC	NEW FOUND GOLD CORP	Canada	$716.06M	189,434,702	3.36%	0.00%
GORO	GOLD RESOURCE CORP	United States	$47.30M	90,791,436	16.72%	38.19%	Net Selling	Net Selling
USAU	US GOLD CORP	United States	$55.53M	9,332,277	7.82%	60.97%	Net Buying	Net Buying
VGZ	VISTA GOLD CORP	United States	$65.99M	121,754,045	25.48%	24.00%	Net Selling	Net Selling
SA	SEABRIDGE GOLD INC	Canada	$1.31B	86,853,771	34.64%	0.00%
SBSW	SIBANYE STILLWATER LTD	South Africa	$4.03B	2,830,370,251	3.48%	0.00%
CTGO	CONTANGO ORE INC	United States	$205.44M	9,631,684	18.05%	81.95%	Net Selling	Net Selling

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 5.49% 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 -17.28% from Gold Fields's current stock price of $16.32.

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 32.54% over the past year, overperforming other gold stocks by 32 percentage points.

Centerra Gold has an average 1 year price target of $11.00, an upside of 52.57% from Centerra Gold's current stock price of $7.21.

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. Agnico Eagle Mines (NYSE:AEM)

Agnico Eagle Mines (NYSE:AEM) 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 16 out of 38 due diligence checks and has strong fundamentals. Agnico Eagle Mines has seen its stock return 27.22% over the past year, overperforming other gold stocks by 27 percentage points.

Agnico Eagle Mines has an average 1 year price target of $67.00, a downside of -4.44% from Agnico Eagle Mines's current stock price of $70.11.

Agnico Eagle Mines stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Agnico Eagle Mines, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% 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 5.05%, which is 3 percentage points higher than the gold industry average of 1.85%. 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 3.32%, which is 1 percentage points higher than the gold industry average of 1.85%. 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 2.39%, which is 1 percentage points higher than the gold industry average of 1.85%. 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 up?

Gold stocks were up 3.05% in the last day, and up 4.19% over the last week. New Gold was the among the top gainers in the gold industry, gaining 12.23% yesterday.

Shares of precious metals stocks are trading higher amid strength in gold and silver.

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 32.54% in the past year. It has overperformed other stocks in the gold industry by 32 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 48.94% in the past year. It has overperformed other stocks in the gold industry by 48 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 69.67% in the past year. It has overperformed other stocks in the gold industry by 69 percentage points.

Are gold stocks a good buy now?

53.33% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 8.58% 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 8.81x.

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.