On Tuesday, gold prices went up by more than 1% as investors were looking for safer places to put their money after US President Donald Trump’s “big, beautiful bill” passed in the Senate. This bill has passed before the July 9 deadline for trade tariffs.
Spot gold increased by 1.1% to reach $3,338.24 per ounce, its highest point since June 24. US gold futures also rose, ending 1.3% higher at $3,349.8.
The US Senate approved a wide-ranging tax-cut and spending bill sought by Trump on Tuesday. This bill will cut funding for several social service programs.
According to Marex analyst Edward Meir, the bill is providing support because it will contribute to a deficit of $3 trillion over the next ten years. Meir explained that this could be inflationary to some extent and it can increase the debt burden because of more financing and more borrowing. Meir pointed out that all of these things are constructive for a stronger gold market.
Gold is usually seen as a safe investment during times of political and economic uncertainty.
US Treasury Secretary Scott Bessent cautioned that countries could face much higher tariffs as the July 9 deadline approaches. Tariffs could rise from a temporary 10% to Trump’s suspended rates of 11% to 50%.
Rhona O’Connell, head of market analysis for EMEA & Asia at StoneX, believes that gold is likely to average $3000 per ounce in the fourth quarter and it could go even lower by the end of the year.
With this background in mind, let’s take a look at the 10 best gold stocks to buy right now.
A close-up of a hand placing a block of gold into a safe.
Our Methodology
To compile our list of the 10 best gold stocks to buy right now, we looked for the largest gold companies. We also reviewed our own rankings, financial media reports, ETFs, and various online resources to compile a list of the best gold stocks. Next, we focused on the top 10 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q1 2025 database of 1,000 elite hedge funds. Finally, the 10 best gold stocks to buy right now were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q1 2025.
Why do we care about what hedge funds do? 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Gold Stocks To Buy Right Now
10. Pan American Silver Corp. (NYSE:PAAS)
Number of Hedge Fund Holders: 32
Pan American Silver Corp. (NYSE:PAAS) is one of the best gold stocks to buy right now. On May 11, Pan American Silver Corp. (NYSE:PAAS) announced that it has entered into a definitive agreement to acquire MAG Silver Corp.
Pan American Silver Corp. (NYSE:PAAS) will acquire all of the issued and outstanding common shares of MAG Silver Corp. through a plan of arrangement.
MAG Silver Corp. is a tier-one primary silver mining company that owns a 44% joint venture interest in the Juanicipio mine. The remaining 56% interest in the mine is owned by Fresnillo plc, which also operates the mine. The Juanicipio mine is a large-scale, high-grade, low-cost silver mine in Zacatecas, Mexico.
As part of the agreement, MAG shareholders will receive about $2.1 billion in total, which represents $20.54 per MAG share.
This deal creates significant value for Pan American Silver Corp. (NYSE:PAAS) by giving the company 44% ownership in the Juanicipio mine. The mine has good opportunities for further exploration and strengthens the company’s position as one of the world’s premier silver producers. The Juanicipio mine is expected to produce between 14.7 and 16.7 million ounces of silver in 2025.
Pan American Silver Corp. (NYSE:PAAS) is a leading producer of silver and gold in the Americas. The company operates mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile, and Argentina.
9. Equinox Gold Corp. (NYSEAMERICAN:EQX)
Number of Hedge Fund Holders: 33
Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the best gold stocks to buy right now. On June 17, Equinox Gold Corp. (NYSEAMERICAN:EQX) announced that it has successfully completed its previously announced business combination with Calibre Mining Corp.
Through this deal, Equinox Gold Corp. (NYSEAMERICAN:EQX) has acquired all of the issued and outstanding common shares of Calibre Mining Corp. in accordance with a court-approved plan of arrangement.
This deal has created an Americas-focused gold producer with mines in 5 different countries. Equinox Gold Corp. (NYSEAMERICAN:EQX) now owns two high-quality and long-life Canadian gold mines: Transaction has created an Americas-focused diversified gold producer with a portfolio of mines in five countries anchored by two high-quality, long-life, Canadian gold mines. These are the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland & Labrador.
The Valentine Gold Mine is in the final stages of construction and plant commissioning. Equinox Gold Corp. (NYSEAMERICAN:EQX) expects to achieve first gold there by the end of the third quarter of 2025. The company will become the second largest gold producer in Canada with the Greenstone Gold Mine and the Valentine Gold Mine at nameplate capacity.
Equinox Gold Corp. (NYSEAMERICAN:EQX) is a Canadian mining company focused on gold production in Canada and across the Americas.
8. Wheaton Precious Metals Corp. (NYSE:WPM)
Number of Hedge Fund Holders: 35
Wheaton Precious Metals Corp. (NYSE:WPM) is one of the best gold stocks to buy right now. On May 12, Berenberg analysts slightly reduced the price target for Wheaton Precious Metals Corp. (NYSE:WPM) from $88 to $87 but kept a “Buy” rating.
This decision came after the analysts updated their financial model to reflect Wheaton Precious Metals Corp.’s (NYSE:WPM) results for the first quarter of 2025. The research firm’s updated model showed a slight increase in operational expenses and share-based remuneration, which led to a small reduction in their earnings estimates.
Despite the reduced price target, Berenberg analysts continue to view Wheaton Precious Metals Corp. (NYSE:WPM) positively. The analysts noted that the stock is trading at multiples they believe are justified and pointed out that the Buy rating is supported by the elevated USD gold spot price against their price deck.
Wheaton Precious Metals Corp. (NYSE:WPM) is a leading precious metals streaming company with a portfolio of high-quality, low-cost assets. The company’s portfolio includes streams and royalties on gold, silver, and other precious metals.
7. Franco-Nevada Corporation (NYSE:FNV)
Number of Hedge Fund Holders: 36
Franco-Nevada Corporation (NYSE:FNV) is one of the best gold stocks to buy right now. On May 28, Jefferies analyst Christopher LaFemina raised the price target on Franco-Nevada Corporation (NYSE:FNV) to $171 from $169 and kept a “Hold” rating.
This adjustment came after a detailed review of Franco-Nevada Corporation’s (NYSE:FNV) recent $1 billion acquisition of the Cote Gold royalty and other factors that could affect the company’s financial model.
The analyst pointed out that investors responded positively to the Cote Gold acquisition because of its large size. Deals of this size are rare in the royalty or streaming business. Additionally, the deal is generating cash flow and there is potential for exploration and throughput increases in the future.
However, the feedback for investors did bring about some concerns about the cost of this deal. LaFemina’s analysis of net present value (NPV) and internal rate of return (IRR) suggests that Franco-Nevada Corporation (NYSE:FNV) may have paid too much for this deal.
Franco-Nevada Corporation (NYSE:FNV) is a leading gold-focused royalty and streaming company that is based in Canada.
6. Coeur Mining, Inc. (NYSE:CDE)
Number of Hedge Fund Holders: 38
Coeur Mining, Inc. (NYSE:CDE) is one of the best gold stocks to buy right now. On May 27, Coeur Mining, Inc. (NYSE:CDE) reported that its Board of Directors has authorized a share repurchase program of $75 million. The program will be effective through May 31, 2026.
Mitchell J. Krebs, the company’s Chairman, President, and CEO, said that this program aims to increase the value of each share for the shareholders.
Krebs explained that this program shows confidence in Coeur Mining, Inc.’s (NYSE:CDE) strong free cash flow profile. This strength is coming from higher gold and silver prices, the impact of the new Las Chispas mine the company recently acquired, progress at the recently expanded Rochester mine, and consistent performance from the company’s other three mines.
Following years of heavy investment, Coeur Mining, Inc. (NYSE:CDE) has positioned itself strongly to pay down debt, keep investing in high-return growth opportunities, and return capital to shareholders.
Coeur Mining, Inc. (NYSE:CDE) is a precious metals mining company with operations in North America. It has a strong focus on the production of gold and silver.
5. Kinross Gold Corporation (NYSE:KGC)
Number of Hedge Fund Holders: 39
Kinross Gold Corporation (NYSE:KGC) is one of the best gold stocks to buy right now. On June 26, Jefferies upgraded Kinross Gold Corporation (NYSE:KGC) from a “Hold” rating to a “Buy” rating and also raised the price target from $14 to $18.
The main reason for this upgrade is the company’s strong projected free cash flow yield for 2025 and 2026. Jefferies pointed out that this distinguishes Kinross Gold Corporation (NYSE:KGC) from other major gold producers and also allows for increased share buybacks.
Jefferies believes the company can repurchase around 11% of its market value during 2025 and 2026. This shows that Kinross Gold Corporation (NYSE:KGC) has a strong financial position and is focused on returning value to shareholders.
The research firm also highlighted Kinross Gold Corporation’s (NYSE:KGC) strong production outlook. The company aims to produce about 2 million ounces of gold in 2026. Jefferies believes this is a clear and achievable target.
Additionally, the firm mentioned the potential for resource growth at Kinross Gold Corporation’s (NYSE:KGC) Great Bear project. This further supports the bullish stance.
Kinross Gold Corporation (NYSE:KGC) is a senior gold mining company with operations and projects in the US, Brazil, Mauritania, Chile and Canada.
4. Barrick Mining Corporation (NYSE:B)
Number of Hedge Fund Holders: 46
Barrick Mining Corporation (NYSE:B) is one of the best gold stocks to buy right now. On June 3, Barrick Mining Corporation (NYSE:B) reported that it has completed the sale of its 50% interest in the Donlin Gold Project in Alaska for $1 billion in cash. The buyers are affiliates of Paulson Advisers LLC and NOVAGOLD Resources.
Barrick Mining Corporation (NYSE:B) plans to use the proceeds from the sale to improve the balance sheet, invest in its future, and continue giving returns to its shareholders.
The company’s president and CEO, Mark Bristow, pointed out that the company is still focused on optimizing its portfolio of assets. He explained that Barrick Mining Corporation (NYSE:B) is looking to concentrate on long-life, sustainable Tier One gold and copper operations. The company is also committed to advancing its priority portfolio of growth projects.
Barrick Mining Corporation (NYSE:B), formerly Barrick Gold Corporation, is a global mining, exploration, and development company that is focused on producing gold and copper.
3. Alamos Gold Inc. (NYSE:AGI)
Number of Hedge Fund Holders: 50
Alamos Gold Inc. (NYSE:AGI) is one of the best gold stocks to buy right now. On June 23, Alamos Gold Inc. (NYSE:AGI) shared the results of its Base Case Life of Mine Plan for the Island Gold District operation in Ontario, Canada.
This plan combines Island Gold and Magino mines as one consolidated long-lasting operation. Alamos Gold Inc. (NYSE:AGI) expects this combined operation to become one of Canada’s largest, lowest-cost, and most profitable gold mines.
The Base Case Life of Mine Plan suggests that starting in 2026, the mine will produce an average of 411,000 ounces of gold annually for the first 12 years. This is a 43% increase from the mid-point of 2025 production guidance. This will mainly be supported by the completion of the Phase 3+ Expansion.
Over the 20-year life of the mineral reserves, the mine is expected to produce an average of 306,000 ounces each year. The production may be increased significantly through further expansion and by converting more of the large mineral resources to mineral reserves through ongoing delineation drilling.
Alamos Gold Inc. (NYSE:AGI) noted that an Expansion Study is expected to be released in Q4 2025. This will provide more details about the significant upside potential in the Island Gold District beyond what is included in the current plan.
Alamos Gold Inc. (NYSE:AGI) is a Canadian multinational gold-producing company with operations in North America.
2. Agnico Eagle Mines Limited (NYSE:AEM)
Number of Hedge Fund Holders: 50
Agnico Eagle Mines Limited (NYSE:AEM) is one of the best gold stocks to buy right now. On June 23, 2025, Rockcliffe Capital announced that it started covering Agnico Eagle Mines Limited (NYSE:AEM).
The research firm gave Agnico Eagle Mines Limited (NYSE:AEM) a “Strong Buy” rating and set a 12-month price target of C$155.
Rockcliffe Capital highlighted the company’s strong performance in Q1 2025. Agnico Eagle Mines Limited (NYSE:AEM) reported net income of US$815 million for the quarter, up 134% year-over-year. Free cash flow also reached US$594 million.
Felix Gelt, Managing Director of Research at Rockcliffe Capital, noted that Agnico Eagle Mines Limited (NYSE:AEM) offers both strong growth and a solid balance sheet in the gold sector.
The firm’s investment thesis highlighted several key strengths including strategic growth projects. Agnico Eagle Mines Limited (NYSE:AEM) is investing in high-quality projects like Detour Lake, Upper Beaver, and the O3 Mining acquisition. These investments are expected to increase the company’s reserves and future production visibility.
Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian-based gold mining company with operations in Canada, Australia, Finland, and Mexico.
1. Newmont Corporation (NYSE:NEM)
Number of Hedge Fund Holders: 65
Newmont Corporation (NYSE:NEM) is one of the best gold stocks to buy right now. On April 16, Newmont Corporation (NYSE:NEM) reported that it has completed its non-core divestiture program after finalizing the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada.
The company had announced its divestiture program in February 2024. Newmont Corporation (NYSE:NEM) has now divested all six of its non-core operations. Tom Palmer, the President and Chief Executive Officer of Newmont Corporation (NYSE:NEM) pointed out that the cash proceeds from these sales will help strengthen the company’s balance sheet and return capital to shareholders through ongoing share buybacks.
Newmont Corporation (NYSE:NEM) expects to see total gross proceeds of up to $4.3 billion from the divestitures. This includes $3.8 billion from selling the non-core operations and $527 million from the sale of other investments.
Newmont Corporation (NYSE:NEM) is an American gold mining company and a producer of copper, zinc, lead, and silver. It is one of the world’s largest gold mining companies.
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