The Best Gold Stocks of 2025
Methodology
Our curated list of the best gold stocks is built using strict criteria. The stocks outlined above are traded on U.S. or Canadian stock exchanges and meet the following requirements:
- Gold revenue. All companies generate at least half of their annual revenue from gold.
- High solvency ratios. All stocks have solvency ratios above 20%. This ratio shows our picks can meet their short-term and long-term financial obligations. Since gold companies may have large debt obligations, the solvency ratio checks to make sure they have enough cash flow to pay those obligations without running into trouble.
- Positive EPS expectations. Analysts expect EPS growth over the next one to five years.
- Increasing sales. The companies had uptrending sales over the last five years, although sales increasing every year isn’t a requirement.
- Strong stock performance. Gold stocks should perform at least as well as gold. Therefore, at the time of compiling, stocks on the list performed at least as well as gold over the last five years, one year and one month.
- Minimum stock criteria. Shares must be listed on U.S. or Canadian stock exchanges, have prices of at least $4 and trade at least 200,000 shares daily.
Dividend yield was not a selection factor, but all the stocks on this list except for one pay a dividend. This helps show the companies have a strong enough financial position to pay a dividend.
Gold is a cyclical commodity, and companies in the industry also tend to generate cyclical results. Their profits rise when gold prices are high and decline when gold is cheap.
If you’re looking to hold gold stocks in your portfolio over the long term, you should be mindful of the industry’s volatile nature.
Note: An experienced financial analyst selected the stocks above, but they may not be right for your portfolio. Before you purchase any of these stocks, do plenty of research to ensure they align with your financial goals and risk tolerance.
What Are Gold Stocks?
Whatever you feel about gold, financial advisors agree that gold stocks can play an important role in a diversified investment portfolio. Gold may or may not be a particularly good inflation hedge, but there’s little doubt that it has held its value over the long term.
Gold stocks are public companies that extract, process, finance and trade gold. The best gold stocks on our list above are focused on either gold mining or gold streaming.
Gold mining is the practice of extracting gold ore from the earth and processing it into gold bullion. Gold streaming is the provision of upfront financing of gold miners in exchange for the option to buy finished gold bullion at a discount in the future.
The share prices of gold stocks do not directly track the day-to-day price of gold in commodities markets, but their revenues are correlated with gold prices. Investors who own gold stocks aim to benefit from changes in the price of gold without having to own or store physical gold themselves.
Advantages of Gold Stocks
- You get exposure to the price of gold without having to own or store physical gold.
- Gold stock prices may not be as volatile as the price of gold.
- They can offer a potential hedge against inflation.
Risks of Gold Stocks
- The price of gold tends to be inversely correlated to the U.S. dollar, so a strong dollar could hurt your investment.
- Gold is a volatile commodity, so gold prices—and the profits of gold companies—can be unstable.
- Companies that mine gold often operate in politically unstable countries, which could put your investment at risk.
How to Buy Gold Stocks
Investors can purchase gold stocks the same way they purchase any stock for their portfolio.
First, research gold companies and decide how much money you intend to invest in gold stocks. After doing your due diligence, log into your brokerage account.
From your brokerage account, choose the stock you want to buy, the price at which you want to purchase it and how many shares of the stock you wish to own. Once you have decided on these factors, you can purchase the stock. It will join the other investments in your portfolio.
As with any investment, however, it’s always recommended to consult with a financial advisor before making any final decision.
Which Is Better: Owning Gold or Gold Stocks?
Whether you choose to buy physical gold or gold stocks depends upon your own goals and requirements.
If you have the space to store gold and want to own a tangible asset, physical gold may be the better choice. However, if you’re simply looking to profit from changes in gold prices, gold stocks may be a better option. Buying and selling physical gold will typically involve much higher transaction costs than buying and selling gold stocks.
Both physical gold and gold stocks have their own advantages and disadvantages. It’s usually recommended to consult a financial advisor before making any financial decision.
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Gold Stock FAQs
What is the best gold stock to buy?
The best gold stock depends on your personal investing goals. Forbes Advisor has provided this list of what we believe to be the best gold stocks to own right now. However, each individual investor needs to examine their own investing approach and risk tolerance before deciding which is the best gold stock for them.
If you’re serious about purchasing gold stocks, discuss your ideas and strategy with a financial advisor.
When should you buy gold stocks?
The goal of purchasing any stock is to buy low and sell high. However, timing the market can be a difficult task. Do your due diligence, consult with a financial advisor and decide when the time is right for you to purchase gold stocks.
Are gold stocks a good investment?
Every investment has advantages and disadvantages—gold stocks are no different. Because of the volatile nature of gold stocks, they are unlikely to be a good investment for novice investors or buy-and-hold investors. It’s recommended that investors interested in purchasing gold stocks do their own due diligence and consult with a financial advisor before making a decision.