In this article, we will look at the 10 Most Profitable Gold Stocks to Buy Right Now.
On July 21, CNBC reported that gold prices rose around 25% this year amid a backdrop where investors are continually looking for a safe haven from the brewing geopolitical tensions and trade war uncertainties.
Stephen Jury, J.P. Morgan Private Bank’s global commodity strategist, stated that a new trend is emerging in the sector: Americans with high-net-worths are increasingly directing attention to physical gold in an attempt to diversify from the depreciating US dollar.
“If you’re buying euros or yen and you need to buy an underlying security with that currency, that starts to get a little bit more complex for most clients,” Jury stated. In contrast, investing in gold is “easier to get their head around,” he added.
READ ALSO: 10 Most Profitable Biotech Stocks to Invest in Now and Top 15 Low Volatility Healthcare Stocks to Buy Now.
A recent survey conducted by HSBC on affluent investors showed that gold allocations more than doubled this year, rising from 5% to 11%. James Steel, HSBC’s chief precious metals analyst, reasoned that the primary reason behind gold’s rising appeal is the uncertain global circumstances, stating that “Gold is a friend of uncertainty.”
An interest in gold from an investment perspective has long been observed in the Middle East and Asia, where investors have focused on physical gold because of cultural affiliations, high inflation, and currency fluctuations.
With these positive trends for the precious metal in view, let’s look at the most profitable gold stocks to buy right now.
A closeup view of a large gold mine, illustrating the company’s gold properties.
Our Methodology
We used stock screeners to make a list of profitable gold stocks (with a TTM net income over $500 million) and selected the top 10 with the highest number of hedge fund holders as of Q1 2025. We sourced the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund holders.
Note: All data was sourced on July 25.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Most Profitable Gold Stocks to Buy Right Now
10. Harmony Gold Mining Company Limited (NYSE:HMY)
TTM Net Income: $10.52 billion
Number of Hedge Fund Holders: 24
Harmony Gold Mining Company Limited (NYSE:HMY) is one of the most profitable gold stocks to buy right now. On July 17, BMO Capital analyst Raj Ray initiated coverage of Harmony Gold Mining Company Limited (NYSE:HMY) with a Market Perform rating and a $16 price target.
The analyst told investors in a research note that Harmony Gold Mining Company Limited (NYSE:HMY) is a South African senior gold producer experiencing geographical diversification and increasing copper exposure.
While the firm stated that it likes Harmony Gold Mining Company Limited’s (NYSE:HMY) operational setup, it also believes that the stock’s valuation is now broadly in line with the peer average.
Harmony Gold Mining Company Limited (NYSE:HMY) mines and explores gold and is involved in sales and financial management, building mines, open-pit operations, land rehabilitation, and mine closure.
The company’s operations are divided into the following segments: Tshepong Operations, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, Unisel, Mponeng, Mine Waste Solutions, and Hidden Valley.
9. IAMGOLD Corporation (NYSE:IAG)
TTM Net Income: $804.5 million
Number of Hedge Fund Holders: 27
IAMGOLD Corporation (NYSE:IAG) is one of the most profitable gold stocks to buy right now. In a report released on July 23, Carey MacRury from Canaccord Genuity maintained a Buy rating on IAMGOLD Corporation (NYSE:IAG) with a price target of C$15.75.
IAMGOLD Corporation (NYSE:IAG) reported attributable production totaling 161,000 ounces from its three mines in Q1 2025. Management also expressed confidence in its production guidance estimates for the year of 735,000 to 820,000 ounces.
The company attained a record throughput in March which totaled around one million tons, representing a monthly average throughput rate of 90%. This performance continued into the quarter, with the plant averaging 34,500 tpd or 96% of nameplate over the last 30 days, as reported on May 6.
Based in Canada, IAMGOLD Corporation (NYSE:IAG) is an intermediate gold developer and producer that operates gold mining properties in West Africa and North America. Its projects include Essakane, Westwood, and Cote Gold.
Hedge Fund Resource Center