In this article, we will look at the 10 Best Gold Stocks to Buy for the Long Term.
Gold stocks are getting renewed attention as uncertainty around the U.S.-Iran war continues to whip markets around. In April 2026 alone, investors had to digest ceasefire headlines and uncertainty over whether that would hold, all while tensions around the Strait of Hormuz kept oil and inflation concerns in focus. That kind of backdrop tends to pull gold into the conversation.
That broader case is also showing up in institutional commentary. Schroders, in a report on “gold and gold equities,” argues that gold’s shift toward an “anti-fragile, secular portfolio allocation” may still have “a long way to run.” J.P. Morgan Asset Management says gold serves as a “long-term store of value,” has shown “strong historical performance during crises,” and can provide “useful insurance for portfolios.” BlackRock makes a similar point, describing gold as a “strategic diversifier and store of value” and a “strategic ballast” during periods of market stress. The case for gold is about whether a more unstable geopolitical backdrop keeps supporting demand for assets that can hold their ground when other parts of the market become harder to trust.
Against that backdrop, gold stocks deserve a closer look. That brings us to the 10 Best Gold Stocks to Buy for the Long Term.
Our Methodology
We used the Finviz screener to identify gold stocks that are viewed favorably by analysts. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Gold Fields Limited (NYSE:GFI)
On April 15, 2026, Morgan Stanley upgraded Gold Fields Limited (NYSE:GFI) to Equal Weight from Underweight and raised its price target to ZAR 77,000 from ZAR 68,000. The firm said it is increasing earnings estimates and price targets across its gold coverage, driven primarily by a higher gold price forecast.
On April 6, 2026, JPMorgan lowered its price target on Gold Fields Limited (NYSE:GFI) to $76 from $80 and maintained an Overweight rating.
Earlier in the month, Gold Fields reaffirmed its commitment to South Africa’s long-term growth through a R1.714 billion investment pledge for 2026 and 2027 at the Sixth South Africa Investment Conference in Sandton. The investment supports the South Deep Expansion Project and will focus on infrastructure development, early access to new mining areas, and expansion of renewable energy capacity. The company said the project is expected to increase production from 309Koz in 2025 to approximately 338Koz in 2027, reaching 400Koz by 2030. President Cyril Ramaphosa highlighted the need to translate investment pledges into projects that support economic growth and job creation, while more than 70% of the South Deep investment is expected to go to local businesses, representing about R1.23bn into the local economy.
Gold Fields Limited (NYSE:GFI) operates as a gold producer with assets across South Africa, Ghana, Australia, Peru, Canada, and Chile.
9. Kinross Gold Corporation (NYSE:KGC)
On April 10, 2026, Kinross Gold Corporation (NYSE:KGC) said it received notice that TRC Capital launched an unsolicited “mini-tender” offer on April 7 to acquire up to 2.5M common shares, or about 0.21% of shares outstanding, at C$41.75 per share. The company urged shareholders to reject the offer, noting it was approximately 4.4% below the April 6 closing price of C$43.68 on the Toronto Stock Exchange. Kinross said it does not endorse the offer and is not affiliated with TRC Capital Investment.
On March 26, 2026, UBS lowered its price target on Kinross Gold Corporation (NYSE:KGC) to $37 from $43 and maintained a Buy rating on the shares.
Earlier in March, RBC Capital upgraded Kinross Gold Corporation (NYSE:KGC) to Outperform from Sector Perform and raised its price target to $45 from $36, citing high free cash flow, leverage to rising gold prices, a stable operating outlook, and a “clear pathway” for capital returns with growth in per share metrics.
Kinross Gold Corporation (NYSE:KGC) engages in the acquisition, exploration, and development of gold properties across multiple regions globally.
8. Harmony Gold Mining Company Limited (NYSE:HMY)
On April 15, 2026, Morgan Stanley analyst Christopher Nicholson upgraded Harmony Gold Mining Company Limited (NYSE:HMY) to Overweight from Equal Weight and raised the price target to ZAR 34,000 from ZAR 30,000 previously. Christopher Nicholson said that the firm is increasing earnings estimates and price targets across its gold coverage, primarily due to a higher gold price forecast, and noted that Harmony has underperformed global and South African peers over the past 15 months, providing a valuation buffer.
Last month, Harmony Gold Mining Company Limited (NYSE:HMY) reported revenue of ZAR 44.4B, up 20% year-over-year, compared to an estimate of ZAR 47.56B. For CSA copper guidance, Harmony expects production of 17,500 to 18,500 tonnes for the period ending June 30, 2026, with output temporarily impacted by a planned one-month halt at the CSA mine to replace steel on two shaft levels. Harmony Gold Mining Company Limited (NYSE:HMY) also revised its dividend policy, saying “Our strengthened cash generation has enabled us to revise our dividend policy to ensure that up to 50% of our net free cash is returned to investors,” and declared an interim dividend of ZAR 5.30, or 32c per share.
Harmony Gold Mining Company Limited (NYSE:HMY) explores, extracts, and processes mineral properties across South Africa, Papua New Guinea, and Australia.
7. Eldorado Gold Corporation (NYSE:EGO)
On April 20, 2026, Scotiabank lowered its price target on Eldorado Gold Corporation (NYSE:EGO) to $56 from $58 and maintained an Outperform rating ahead of Q1 results in the Gold & Precious Minerals sector. The firm expects margins to be roughly flat quarter-over-quarter but higher year-over-year, while also anticipating strong free cash flow and lower production costs compared to the prior quarter.
Similarly, BMO Capital analyst Brian Quast lowered the firm’s price target on Eldorado Gold Corporation (NYSE:EGO) to C$82 from C$98 previously and kept an Outperform rating on the shares.
Last month, Eldorado Gold entered into a project alliance through a Memorandum of Understanding with G Mining Services, forming a strategic engineering and construction partnership to support project delivery across its portfolio. G Mining will provide services including early project definition, engineering support, constructability reviews, and planning. The agreement is intended to improve project readiness, delivery certainty, and capital efficiency across projects such as Perama Hill; the Lamaque Complex, including the Sigma Mill expansion; Skouries, including mill start-up, ramp-up, and underground infrastructure; Olympias, including mill filtration modernization and facility upgrades; and McIlvenna Bay, including studies and potential implementation to increase throughput, improve value, and optimize materials handling.
Eldorado Gold Corporation (NYSE:EGO) engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.
6. Royal Gold, Inc. (NASDAQ:RGLD)
On April 14, 2026, UBS analyst Daniel Major initiated coverage of Royal Gold, Inc. (NASDAQ:RGLD) with a Buy rating and a $325 price target. Daniel Major said the company provides an “attractive combination of low-risk, more reliable” leverage to gold price upside relative to many miners, adding that near- and medium-term volume growth does not appear reflected in the stock. UBS also views Royal Gold as entering a growth phase with potential for “strong” earnings growth.
On March 30, 2026, Royal Gold, Inc. (NASDAQ:RGLD) issued its inaugural five-year outlook for total GEOs of 430,000 to 480,000, based on operator guidance, steady-state production estimates, and company assumptions, without risk adjustments for production levels or startup timing. Royal Gold said it does not plan to update this range through 2026 and expects to provide a new outlook in early 2027.
The outlook reflects expected production increases from expansions at Khoemacau and Platreef Phase 2, the extension of Bald Mountain Redbird, and new production from assets including Corani, Great Bear, Hod Maden, La India, Robertson, and Warintza, along with expected stream rate step downs at Wassa and the Rainy River silver stream. It excludes any contribution from the 30% joint venture interest in Hod Maden, as well as assets expected to begin production beyond the five-year period, including Cactus, Fourmile, Gualcamayo, Horne 5, MARA, Oyu Tolgoi, and the Platreef Phase 3 expansion.
Royal Gold, Inc. (NASDAQ:RGLD) acquires and manages precious metal streams, royalties, and related interests across multiple regions globally.
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