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The company pays a base dividend and a performance dividend, with the latter based on the amount of cash it has on its balance sheet at the end of each quarter. In conclusion, investing in gold mining stocks offers a unique blend of growth potential and portfolio diversification. This article has explored the top gold mining stocks for 2023, provided insights on selecting the best stocks, and discussed portfolio allocation and purchasing strategies. As with any investment, it’s crucial to conduct thorough research, assess your risk tolerance, and consult with a financial advisor.
- Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa.
- It doesn’t face the capital and operating cost overruns that have historically plagued mining companies.
- If you plan to diversify your portfolio in light of recent events, investing in gold stocks could be a good choice.
- Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing a pipeline of growth projects.
- All this institutional and macro momentum is turbocharging gold miner stocks.
Best for growth: Agnico Eagle Mines (AEM)
It doesn’t face the capital and operating cost overruns that have historically plagued mining companies. At the same time, Franco-Nevada’s agreements position it to profit as its mining partners complete exploration and expansion projects. This structure offers superior margins and growth flexibility while maintaining exposure to gold price movements. As bullion prices rise, the company captures upside through existing royalties while avoiding the cost inflation and operational challenges facing traditional miners. Analysts project 9-10% EPS growth in 2026, driven by its low-cost operations and efficient asset base. Trading at a forward cash flow multiple of 1.8x, Kinross is one of the most attractively priced miners in the sector.
The best gold stocks on our list above are focused on either gold mining or gold streaming. Investing in gold mining stocks involves understanding the mining companies, their financial performance, and the overall gold market dynamics. With a relatively low debt level and solid cash flow generation, Kinross is positioned well to weather volatile market conditions and capitalize on rising gold prices. Analysts, including those at JPMorgan, see Newmont as undervalued, with its stock up 126.5% year-to-date.
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Best Gold Stocks to Buy Now
It has a diversified portfolio, with agreements tied to gold, silver, the platinum group metals (PGMs), iron ore, and oil and gas. In 2025, 79% of its revenue will come from gold and other precious metals. Gold stocks are public companies that extract, process, finance and trade gold.
Gold Mining Stocks List: The Best Picks for 2025
Another benefit of gold mining firms is their higher liquidity compared to physical gold. Investing in gold mining stocks offers a unique opportunity for portfolio diversification and exposure to the precious metals sector. Unlike owning physical gold, investing in gold stocks allows investors to gain leverage on gold prices and participate in the potential growth of mining companies. There are many benefits to buying gold stocks instead of the physical metal to reap the potential rewards of investing in gold.
Quick Look at the Best Gold Stocks:
The share prices of gold stocks do not directly track the day-to-day price of gold in commodities markets. Overall, investors who own gold stocks aim to benefit from changes in the price of gold without having to own or store physical gold themselves. Following this search, we found a number of gold mining companies with 30-day returns as high as 13.4%. Notably, one of the companies on this list does not have a P/E ratio. This is sometimes the result of a company experiencing net losses in the current and/or prior-year quarter, making it impossible to calculate this metric. Further, only five gold mining firms had positive 30-day returns at the time of our screen.
Our screen focuses on mining companies that target gold, although many also include other precious metals. Below is a detailed explanation of the methodology we utilize to create our ranking of gold mining company stocks. Barrick complements its top-tier gold mining portfolio with a strong balance sheet. It has focused on paying down debt over the past several years through free cash flow and the sale of noncore assets. As a result, the company had the financial flexibility and strength to repurchase shares and pay an attractive dividend.
Before investing in gold mining companies, investors should consider a few important benefits and risks. Advantages of these firms may include their potential to be a leveraged play on gold. Rising gold prices can also lead to significant capital gains for gold mining firms when their profits increase as well.
Each one stands out in its own category, from the biggest global producer to the best dividend payer, growth leader, value play, and royalty/streaming giant. Gold had rallied by the middle of 2025 (up more than 35% in the past year) to more than $3,200 an ounce, driven by inflationary and geopolitical concerns. However, there has been a lot of pricing volatility as investors weighed a potential recession with rising interest rates, inflation, tariffs, and other factors.
This discrepancy offers significant upside potential for investors seeking leveraged exposure to the gold rally. Below, we highlight the top five gold mining stocks to consider for your portfolio, based on their strong fundamentals, production growth, low costs, and analyst endorsements. If you plan to diversify your portfolio in light of recent events, investing in gold stocks could be a good choice. Gold stocks not only track the movements of gold prices that tend to rise in uncertain times, but they also generally gain value in a rising stock market.
- This is evidenced by the performance of the VanEck Gold Miners ETF (GDX), which is up more than 80% over the past year.
- Franco-Nevada’s streaming and royalty contracts provide it with the ability to generate lots of cash by selling the physical commodities it receives.
- Gold is typically a “flight to quality” investment with lower correlations to the overall market.
- Unlike a streaming model like Royal Gold, New Gold extracts and processes its metals directly.
- The five gold stocks made up almost 45% of the ETF’s assets, with Newmont accounting for more than 12%.
Barrick Mining – The Global Growth Story
We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the investing methodology for the ratings below. Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University.
In this guide, I’ll break down five of the best gold mining stocks to consider in 2025. Franco-Nevada’s streaming and royalty contracts provide it with the ability to generate lots of cash by selling the physical commodities it receives. That cash flow enables it to invest in new deals and pay a dividend. I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies’ financials. This Canadian miner focuses on gold and copper, with a gold-silver mine in Ontario and a gold-copper mine in British Columbia. Unlike a streaming model like Royal Gold, New Gold extracts and processes its metals directly.
Portfolio Allocation: Gold Stocks
Whether you choose to buy physical gold or gold stocks depends upon your own goals and requirements. First, research gold companies and decide how much money you intend to invest in gold stocks. At Forbes Advisor, we go beyond listing the year’s top-performing stocks. Past returns don’t always tell the full story and guarantee future performance. For that reason, we consult investment research-based systems to help identify and exclude stocks that may carry higher risks.
The Gold industry has a total of 50 stocks, with a combined market cap of $540.9 billion, total revenue of $104.25 billion and a weighted average PE ratio of 22.56. If you are looking buy gold stocks check out the Benzinga online broker rankings. CoinCodex tracks 44,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
Its focus on high-margin mines in the Americas and West Africa, and Russia supports consistent cash flow generation, making it a compelling value play. Determining the right allocation of gold stocks in your investment portfolio is a balancing act that depends on individual risk tolerance and investment objectives. By carefully assessing gold mining stocks these factors, investors can identify gold stocks that align with their investment goals and risk tolerance. The beauty of Agnico is that it mixes stability (assets in safe regions like Canada, Finland, and Australia) with aggressive growth. If you want exposure to top gold mining stocks that actually expand while paying a dividend, Agnico Eagle is great. When I think about the heavyweight champion of gold mining stocks, Newmont (NEM) is the first name that comes to mind.