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.
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.
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.
In Q alone, Barrick handed out $0.15 per share, boosted by a bonus dividend. The company also repurchased over $250 million in stock this quarter, proving management is serious about rewarding shareholders. With an all-in sustaining cost of around $1,620 per ounce, it’s profitable even when gold prices cool off.
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.
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.
The Best Gold Stocks of 2025
- 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.
- Trading at a forward cash flow multiple of 1.8x, Kinross is one of the most attractively priced miners in the sector.
- That aside, one of the best ways to invest in the gold market is through gold mining companies.
- Each of these gold mining stocks presents unique opportunities and challenges, reflecting the diverse nature of the gold mining industry.
- Of course, mining firms are also exposed to many other risks and factors that may separate their performance from that of physical gold.
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.
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.
Vuk is a prominent financial writer with over six years of diverse investing experience, spanning crypto, forex, and stocks. Originally an English language graduate, Vuk has become renowned for distilling complex financial topics into clear, engaging content. His work has been featured in Forbes and CEO Weekly, covering a broad range of subjects from Web3 and investing to e-commerce and technology.
Franco-Nevada Corporation – The Premium Royalty Play
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.
Best for dividends: Barrick Gold (GOLD)
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 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.
Agnico Eagle Mines – The North American Powerhouse
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- The gold mining sector has been one of the few segments of the overall economy that managed to gain value during the COVID-19 world health crisis.
- This discrepancy offers significant upside potential for investors seeking leveraged exposure to the gold rally.
- By carefully assessing these factors, investors can identify gold stocks that align with their investment goals and risk tolerance.
- These measures help ensure that our list includes only well-established companies.
- The top-tier gold miners have low cost structures, manageable debt levels, and limited exposure to risky mining projects.
Best for growth: Agnico Eagle Mines (AEM)
In this gold mining stocks 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.
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.
Best overall gold mining stock: Newmont Corporation (NEM)
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.
Newmont (NYSE:NEM)
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.