Markets

Insider Trading

Hedge Funds

Retirement

Opinion

10 Best Canadian Gold Stocks to Buy Right Now

In this article, we discuss 10 best Canadian gold stocks to buy now. To skip the detailed analysis on the subject, go directly to 5 Best Canadian Gold Stocks to Buy Right Now.

Gold underperformed the broader market from 2010-2019. However, it saw a significant change in 2020. Despite the pandemic-induced recession, the commodity posted 33% in returns for investors in the year. According to a market report from 2021, the global gold mining market is expected to grow from $214.1 billion in 2021 to $249.6 billion by 2026, at a CAGR of 3.1% for the period. Jewelry as an end-use held the most significant market share at $107.3 billion, which is forecasted to grow to $124.6 billion by 2026.

Canadian Gold Market

In Canada, the production value of gold was approximately $12.3 billion in 2020. With 182 tonnes of gold production in 2020, Canada was ranked as the fifth largest producer of gold. It is the country’s most valuable mined commodity and the production of gold in the country increased by 78% in 2020 from its 2010 levels. 71% of the gold was produced in Quebec and Ontario.

Despite the recent headwinds faced by the gold market, it is considered a safe-haven commodity, which everyone turns to in times of recession. Moreover, even with the current pressures, a few Canadian companies are fighting off the inflationary headwinds and forging ahead. Some of the best Canadian gold stocks include Agnico Eagle Mines Limited (NYSE:AEM), Wheaton Precious Metals Corp. (NYSE:WPM), and Alamos Gold Inc. (NYSE:AGI).

Pixabay/Public Domain

Our Methodology

We scanned the database of 895 hedge funds tracked by Insider Monkey as of the end of the second quarter and picked 10 most popular Canadian gold stocks. These companies also have long-term catalysts and bullish ratings from market analysts.

Best Canadian Gold Stocks to Buy Right Now

10. Centerra Gold Inc. (NYSE:CGAU)

Number of Hedge Fund Holders: 10

Centerra Gold Inc. (NYSE:CGAU) is a Canadian gold and copper-producing company operating in North America, Turkey, and a few other countries.

Centerra Gold Inc. (NYSE:CGAU) is currently one of the best Canadian gold stocks to buy now because of the discounted price it is selling for. After the settlement of the Kumtor mine dispute with the Kyrgyz government and its Q2 results, the stock fell by 20% even though it was trading at fair value. The company’s enterprise value is close to $418 million as of mid-September. To put things into perspective, two of the gold mines owned by Centerra Gold Inc. (NYSE:CGAU) produced $314 million of mine-site FCF. Even though the company suspended production in the Öksüt mine for the rest of the year due to the detection of mercury, there are still over 58,000 ounces of gold from the mine, ready to be processed.

The company has a dividend yield of 5.24% as of September 23 and a payout ratio of 33.96%. The latest quarterly dividend of $0.0538 was paid out on September 8.

On August 15, National Bank analyst Mike Parkin reiterated an Outperform rating on Centerra Gold Inc. (NYSE:CGAU)’s shares and lowered the price target to C$10.50 from C$14.

Agnico Eagle Mines Limited (NYSE:AEM), Wheaton Precious Metals Corp. (NYSE:WPM), and Alamos Gold Inc. (NYSE:AGI) are some of the best Canadian gold stocks along with Centerra Gold Inc. (NYSE:CGAU).

9. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 10

Kinross Gold Corporation (NYSE:KGC) is an Ontario-based gold and silver mining company. The company operates three mines in the US, one in Brazil, and one in Mauritania. Kinross Gold Corporation (NYSE:KGC) has a dividend yield of 3.39% as of September 23 and a payout ratio of 31.73%. The sector average dividend yield and payout ratio stands at 2.82% and 23%, respectively. In addition, Kinross Gold Corporation (NYSE:KGC)’s management announced a share repurchase program of $300 million on September 19.

As of September 21, National Bank analyst Mike Parkin assigned a Buy recommendation to the stock with a price target of C$9, up from C$8.25.

8. Osisko Gold Royalties Ltd (NYSE:OR)

Number of Hedge Fund Holders: 10

Osisko Gold Royalties Ltd (NYSE:OR) is a Montreal-based gold royalty company. Osisko Gold Royalties Ltd (NYSE:OR) is one of the best Canadian gold companies, with a 5% net smelter royalty in the Canadian Malartic Mine. The entirety of the Canadian Malartic Mine was expected to produce 550,000 ounces of gold from 2029-2039. However, the expected production from the Odyssey mine alone is 15.5 million oz. Furthermore, the company’s new stream on the Tintic Project in Utah produces the highest grade gold in the world.

On August 11, TD Securities analyst Greg Barnes and Raymond James analyst Brian MacArthur maintained a Buy and Outperform rating for Osisko Gold Royalties Ltd (NYSE:OR), respectively. Both analysts raised their price targets on the company, with Barnes raising it to C$20 from C$18.50 and MacArthur raising his price target to C$21 from C$20.

7. Sandstorm Gold Ltd. (NYSE:SAND)

Number of Hedge Fund Holders: 12

Sandstorm Gold Ltd. (NYSE:SAND) is a Canada-based gold royalty company. The company acquires royalties and streams for gold and other precious metals. On August 17, BMO Capital analyst Rene Cartier upgraded Sandstorm Gold Ltd. (NYSE:SAND)’s shares to Outperform from Market Perform after resuming coverage. Moreover, the analyst lowered his price target to $9 from $9.50 and mentioned that the company has increased its scale significantly.

Sandstorm Gold Ltd. (NYSE:SAND) has recently made a few notable acquisitions that have made it one of the best Canadian gold stocks. At the end of August, the company announced the reverse takeover transaction of Horizon Copper Corp. for 30% of its interest in Hot Maden for $10 million in cash and a 25% equity stake in Entrée Resources Limited. Horizon Copper is liable to sell Sandstorm Gold Ltd. (NYSE:SAND) 20% of all gold produced from Hod Maden at 50% of the gold spot price until 405,000 ounces of gold are delivered. After that, Horizon will sell 12% of all the gold to the company at 60% of the gold spot price.

The company’s attributable production is expected to increase from 85,000 gold-equivalent ounces in 2022 to 155,000 gold-equivalent ounces in FY2025.

6. Seabridge Gold Inc. (NYSE:SA)

Number of Hedge Fund Holders: 12

Seabridge Gold Inc. (NYSE:SA) acquires and explores gold properties. The company is headquartered in Ontario, Canada.

Seabridge Gold Inc. (NYSE:SA)’s flagship project KSM was acquired by the company in 2000 and is potentially the most significant growth catalyst for the company. With the acquisition of its next-door deposit, Snowfield, the KSM project has made significant leaps as shown in its updated preliminary feasibility study for the KSM project. Compared to the 2016 preliminary feasibility study, proven and probable gold reserves have increased by 22% to 47.3 million ounces due to higher gold grades from the East Mitchell deposit. Moreover, reports show a 90% increase in average annual gold production, 22% in copper, and a whopping 363% increase in yearly molybdenum production. In addition, Seabridge Gold Inc. (NYSE:SA) has bought two other exploration projects, one of which is among Canada’s largest underdeveloped gold projects, the Courageous Lake project.

According to Seabridge Gold Inc. (NYSE:SA)’s Q2 reports, the company posted a net profit of $0.24 per share, outperforming the estimates by $0.26. The net profit for the same period in 2021 was $0.19 per share. Furthermore, the company’s net working capital reached $244.8 million, compared to $36.9 million at the end of Q4 2021.

Seabridge Gold Inc. (NYSE:SA) is one of the best Canadian gold stocks, in addition to Agnico Eagle Mines Limited (NYSE:AEM), Wheaton Precious Metals Corp. (NYSE:WPM), and Alamos Gold Inc. (NYSE:AGI)

Click to continue reading and see 5 Best Canadian Gold Stocks to Buy Right Now.

Suggested Articles:

Disclose. None. 10 Best Canadian Gold Stocks to Buy Right Now is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…