5 Best Gold Stocks to Consider Now

the gold An attractive asset that can provide investors with stable, reliable returns and diversification benefits. And you don’t have to invest in heavy bars to add it to your portfolio – and a place to store them safely.

There are plenty Ways to invest in gold, with an even more basic investor familiar with: stocks. Gold stocks balance the potential high returns of stocks, and this historical precious metal balances low risk, making them an attractive way to gain exposure. Gold benefits should be given as an investment.

There are many gold stocks in the market and which one is best for you depends on various factors. That said, there are some picks to consider. Learn more about gold investing by requesting a free information kit today.

5 Best Gold Stocks to Consider Now

We’ve reviewed recommendations from many stock analysts to compile this list of stocks that make the cut most often. Note that all figures below are current as of June 9, 2023, according to NASDAQ data.

Barrick Gold Corporation (Gold)

• Price: $17.01
• yield: 2.33%
• 52-Week Low/High: $21.17/$13.01
• Price to Earnings (P/E) Ratio: $283.08
• Price/earnings-to-growth (PEG) ratio: 9.03
• Earnings per share (EPS): $0.06

Barrick Gold Corporation is the second largest gold miner in the world, as you might guess from its ticker. Wall Street analysts consider gold stocks undervalued, meaning the market value is substantially lower than its intrinsic value. This makes now a great time to enter the stock, which has a consensus rating of “Buy.”

Franco-Nevada Corporation (FNV)

• Price: $14.55
• yield: 0.92%
• 52-Week Low/High: $161.25/$109.7
• Price-to-Earnings (P/E) Ratio: 41.66
• Price/earnings-to-growth (PEG) ratio: 10.29
• Earnings per share (EPS): $3.51

Franco-Nevada Corporation is another large company with over 400 sites in North America. Instead of mining the precious metal directly, it is a royalty and streaming company, meaning it buys contracts to sell the gold produced by mining companies. Earnings have risen every year since 2018 and sales have risen every year for more than a decade, making it a smart play to consider FNV a “high-growth” stock. Long term investors.

Wheaton Precious Metals Corp. (WPM)

• Price: $44.92
• yield: 1.32%
• 52-Week Low/High: $52.76/$28.62
• Price-to-Earnings (P/E) Ratio: 32.51
• Price/earnings-to-growth (PEG) ratio: 7.68
• Earnings per share (EPS): $1.38

Wheaton Precious Metals Corp. A well-diversified mining company with earnings from gold, silver, palladium and cobalt. Although its production and revenue will decline in 2022, it plans to build 13 new sites and increase its production in 2023. Analysts view its long-term production outlook as positive and rate WPM a “buy”.

Agnico Eagle Mines (AEM)

• Price: $51.13
• yield: 3.1%
• 52-Week Low/High: $61.15/$36.685
• Price-to-Earnings (P/E) Ratio: 10.06
• Price/earnings-to-growth (PEG) ratio: 22.91
• Earnings per share (EPS): $5.08

Analysts rated AEM from a “buy” to a “strong buy”. Steady profit growth over the past three years, a pipeline of projects in the works and expected production growth suggest strong upside potential despite the equity price falling slightly over the past few months.

Royal Gold (RGLD)

• Price: $119.52
• yield: 1.24%
• 52-Week Low/High: $147.82/$84.54
• Price-to-Earnings (P/E) Ratio: 283.46
• Price/earnings-to-growth (PEG) ratio: 3.08
• Earnings per share (EPS): $3.61

Royal Gold is another gold streaming company. Its sales have grown steadily over the past decade, growth is expected to continue, and its dividend has grown steadily over the past two decades. Although the stock price hasn’t changed significantly for some time, its overall track record and growth potential make it worth considering.

Bottom line

This list is only a starting point. As with any stock (or other investment), you should do your own research and consult with a financial advisor for guidance customized to your unique financial situation and goals.

Explore your other gold investment options by requesting a free gold investor kit here