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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

Ticker	Company	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	$14.07B	2.48%	49.40%	$0.2190	$0.39	50%	6
CGAU	CENTERRA GOLD INC	$1.48B	0.75%	36.80%	$0.0520	$0.05	14%	0
AEM	AGNICO EAGLE MINES LTD	$33.98B	1.76%	175.80%	$0.4000	$1.20	37%	0		2024-06-14
GOLD	BARRICK GOLD CORP	$30.00B	1.76%	48.80%	$0.1000	$0.30	37%	5		2024-06-17
RGLD	ROYAL GOLD INC	$8.43B	1.21%	45.70%	$0.4000	$1.55	25%	0	2024-07-05	2024-07-19
AU	ANGLOGOLD ASHANTI (PTY) LTD	$10.13B	0.15%	66.30%	$0.0367	$0.04	2%	4
EGO	ELDORADO GOLD CORP	$3.28B	N/A	0.00%	$0.0747	N/A	N/A	1
AGI	ALAMOS GOLD INC	$6.63B	0.60%	19.20%	$0.0250	$0.10	10%	2	2024-06-13	2024-06-27
IDR	IDAHO STRATEGIC RESOURCES INC	$125.87M	N/A	0.00%	N/A	N/A	N/A	N/A
WPM	WHEATON PRECIOUS METALS CORP	$24.97B	0.83%	46.40%	$0.1550	$0.46	16%	1		2024-06-11
KGC	KINROSS GOLD CORP	$9.98B	1.11%	34.30%	$0.0300	$0.09	22%	0		2024-06-13
CMCL	CALEDONIA MINING CORP PLC	$200.58M	5.36%	350.00%	$0.1400	$0.56	83%	0
TRX	TRX GOLD CORP	$134.59M	N/A	0.00%	N/A	N/A	N/A	N/A
OR	OSISKO GOLD ROYALTIES LTD	$3.09B	1.17%	-92.10%	$0.0600	$0.20	24%	1	2024-06-28	2024-07-15
IAG	IAMGOLD CORP	$1.96B	N/A	0.00%	N/A	N/A	N/A	N/A
THM	INTERNATIONAL TOWER HILL MINES LTD	$119.82M	N/A	0.00%	N/A	N/A	N/A	N/A
ORLA	ORLA MINING LTD	$1.35B	N/A	0.00%	N/A	N/A	N/A	N/A
SAND	SANDSTORM GOLD LTD	$1.69B	1.14%	81.20%	$0.0200	$0.06	23%	0
NEM	NEWMONT CORP	$48.36B	2.50%	-44.30%	$0.2500	$1.05	51%	3	2024-06-04	2024-06-27
FNV	FRANCO NEVADA CORP	$23.81B	1.11%	-55.20%	$0.3600	$1.38	22%	0	2024-06-13	2024-06-27
EQX	EQUINOX GOLD CORP	$1.79B	N/A	0.00%	N/A	N/A	N/A	N/A
FSM	FORTUNA SILVER MINES INC	$1.91B	N/A	0.00%	N/A	N/A	N/A	N/A
PAAS	PAN AMERICAN SILVER CORP	$7.98B	1.82%	-71.40%	$0.1000	$0.40	38%	2		2024-06-03
ARMN	ARIS MINING CORP	$642.72M	N/A	0.00%	N/A	N/A	N/A	N/A
AUST	AUSTIN GOLD CORP	$11.92M	N/A	0.00%	N/A	N/A	N/A	N/A
ODV	OSISKO DEVELOPMENT CORP	$169.93M	N/A	0.00%	N/A	N/A	N/A	N/A
PZG	PARAMOUNT GOLD NEVADA CORP	$32.77M	N/A	0.00%	N/A	N/A	N/A	N/A
SSRM	SSR MINING INC	$1.08B	2.62%	-10.30%	$0.0700	$0.14	53%	0
BTG	B2GOLD CORP	$3.66B	4.29%	-400.00%	$0.0400	$0.12	75%	0
GLDG	GOLDMINING INC	$164.24M	N/A	0.00%	N/A	N/A	N/A	N/A
CDE	COEUR MINING INC	$2.30B	N/A	0.00%	N/A	N/A	N/A	N/A
NGD	NEW GOLD INC	$1.51B	N/A	0.00%	N/A	N/A	N/A	N/A
HYMC	HYCROFT MINING HOLDING CORP	$79.11M	N/A	0.00%	N/A	N/A	N/A	N/A
GAU	GALIANO GOLD INC	$466.84M	N/A	0.00%	N/A	N/A	N/A	N/A
IAUX	I-80 GOLD CORP	$343.23M	N/A	0.00%	N/A	N/A	N/A	N/A
NFGC	NEW FOUND GOLD CORP	$659.23M	N/A	0.00%	N/A	N/A	N/A	N/A
DC	DAKOTA GOLD CORP	$258.74M	N/A	0.00%	N/A	N/A	N/A	N/A
NG	NOVAGOLD RESOURCES INC	$1.31B	N/A	0.00%	N/A	N/A	N/A	N/A
GORO	GOLD RESOURCE CORP	$42.31M	N/A	0.00%	$0.0100	N/A	N/A	3
VGZ	VISTA GOLD CORP	$61.36M	N/A	0.00%	N/A	N/A	N/A	N/A
USAU	US GOLD CORP	$54.41M	N/A	0.00%	N/A	N/A	N/A	N/A
SA	SEABRIDGE GOLD INC	$1.38B	N/A	0.00%	N/A	N/A	N/A	N/A
SBSW	SIBANYE STILLWATER LTD	$3.59B	N/A	-3.90%	$0.3949	N/A	N/A	4
CTGO	CONTANGO ORE INC	$230.39M	N/A	0.00%	N/A	N/A	N/A	N/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 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 4.17% over the past year, underperforming other gold stocks by -1 percentage points.

Gold Fields has an average 1 year price target of $16.00, an upside of 1.59% from Gold Fields's current stock price of $15.75.

Gold Fields stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Gold Fields, 0% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 33.33% 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 14.26% over the past year, overperforming other gold stocks by 9 percentage points.

Centerra Gold has an average 1 year price target of $10.33, an upside of 49.97% from Centerra Gold's current stock price of $6.89.

Centerra Gold stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 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 34.32% over the past year, overperforming other gold stocks by 29 percentage points.

Agnico Eagle Mines has an average 1 year price target of $71.67, an upside of 5.07% from Agnico Eagle Mines's current stock price of $68.21.

Agnico Eagle Mines stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Agnico Eagle Mines, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% 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 5.36%, which is 4 percentage points higher than the gold industry average of 1.8%. 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 2.5%, which is 1 percentage points higher than the gold industry average of 1.8%. 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 2.48%, which is 1 percentage points higher than the gold industry average of 1.8%. 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 -0.51% in the last day, and up 1.17% 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. 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 45 points higher than the gold industry average of 12. It passed 4 out of 7 valuation due diligence checks.

Centerra Gold's stock has gained 14.26% in the past year. It has overperformed other stocks in the gold industry by 9 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 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 71.47% in the past year. It has overperformed other stocks in the gold industry by 67 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 87.27% in the past year. It has overperformed other stocks in the gold industry by 82 percentage points.

Are gold stocks a good buy now?

59.38% of gold stocks rated by analysts are a buy right now. On average, analysts expect gold stocks to rise by 15.6% 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 8.69x.

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.