In this article, we will look at the 10 Must-Buy Mining Stocks to Invest In.
Mining stocks are gaining renewed attention as investors navigate a global environment marked by elevated geopolitical tensions, rising demand for strategic metals, and strong interest in safe-haven assets such as gold and silver. Precious metals in particular have historically attracted capital during periods of uncertainty, and recent developments in the Middle East have reinforced that dynamic. As geopolitical risks increase, investors often turn to gold and silver as stores of value, which in turn strengthens the outlook for mining companies that produce these commodities.
Institutional investors have also highlighted the improving investment case for the mining sector. Baker Steel notes in its outlook that “miners remain undervalued and underowned,” even after a strong run in commodity prices. The firm adds that “the investment case for gold has strengthened,” pointing to factors such as volatile geopolitics, persistent inflation risks, and continued demand for precious metals as portfolio hedges.
BlackRock echoes this view, noting that “rising geopolitical tensions” have supported sentiment toward gold and related assets. The firm also points to “an exciting outlook for gold producer earnings,” driven by stronger commodity prices, disciplined capital allocation, and improved cost control across the industry.
Recent market developments have further reinforced the sector’s momentum. According to reports from The Economic Times, gold and silver prices surged as investors sought safe-haven assets following escalating tensions involving Iran and the broader Middle East.
Taken together, institutional outlooks and recent market developments suggest that mining companies could benefit from a combination of higher commodity prices, stronger balance sheets, and sustained investor demand for precious metals. With that in mind, we take a closer look at the 10 Must-Buy Mining Stocks to Invest In.
Our Methodology
We used the Finviz screener to identify mining stocks that have an upside potential of at least 20%, and 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. AngloGold Ashanti plc (NYSE:AU)
On February 25, 2026, Scotiabank analyst Tanya Jakusconek raised the firm’s price target on AngloGold Ashanti to $134 from $131 and maintained an Outperform rating. The firm updated its models for Gold & Precious Minerals stocks under its coverage, noting that AngloGold Ashanti has made progress on permitting in Nevada, initiated a feasibility study at Arthur Gold, and provided updates across several assets.
The same day, JPMorgan analyst Patrick Jones raised the firm’s price target on AngloGold Ashanti to $164 from $131 and kept an Overweight rating on the shares.
On February 20, 2026, Roth Capital raised its price target on AngloGold Ashanti to $122 from $92 and reiterated a Buy rating. The firm said the company’s Q4 results were mixed relative to its estimates but highlighted strong free cash flow generation and a higher-than-expected quarterly dividend. Roth added that AngloGold Ashanti continues to offer investors a strong portfolio of assets, robust free cash flow, dividends, and leverage to higher gold prices.
Also on February 20, 2026, AngloGold Ashanti reported that free cash flow tripled to a record $2.9 billion in 2025 as adjusted EBITDA more than doubled to $6.3 billion. Gold production increased 16%, while total cash costs and all-in sustaining costs were flat in real terms. The company reported adjusted net cash of $879 million and declared a Q4 interim dividend of $875 million, or 173 cents per share, bringing total dividends declared for 2025 to $1.8 billion, or 357 cents per share.AngloGold Ashanti plc (NYSE:AU) operates as a gold mining company in Africa, Australia, and the Americas. It primarily explores for gold, as well as by-products, including silver and sulphuric acid.
AngloGold Ashanti plc (NYSE:AU) is a gold mining company with operations across Africa, Australia, and the Americas. The company primarily explores for and produces gold, along with by-products such as silver and sulphuric acid.
9. Centerra Gold Inc. (NYSE:CGAU)
On February 26, 2026, BofA analyst Lawson Winder raised the firm’s price target on Centerra Gold Inc. (NYSE:CGAU) to $14.50 from $12.50 and maintained an Underperform rating on the shares. The analyst said the firm is updating price targets across its North American Metals & Mining coverage following revised 2026 metal price forecasts.
On February 19, 2026, Centerra Gold reported Q4 adjusted EPS of 41c, beating the 37c consensus estimate, while revenue came in at $401.6M versus the $360.6M consensus. Gold production in the fourth quarter totaled 70,853 ounces. CEO Paul Tomory said the company delivered strong production and exceeded its cost guidance, supported by solid operational performance at Mount Milligan and Oksut.
Tomory added that Centerra ended the year with $529M in cash and an equity investment portfolio valued at more than $115M, reflecting disciplined capital allocation. The company continued investing in its Thompson Creek restart project and broader organic growth pipeline, including Mount Milligan, Kemess, and Goldfield, while returning capital to shareholders through $30M in share buybacks in Q4 and a consistent quarterly dividend of $10M. Looking ahead to 2026, Tomory said production and cost guidance reflect stable operating performance across the portfolio, with operations expected to generate strong cash flow to support growth projects and shareholder returns.
Centerra Gold expects gold production of 250,000 to 280,000 ounces in 2026, compared with 275,000 ounces produced in 2025.
Centerra Gold Inc. (NYSE:CGAU) operates, develops, explores, and acquires gold and copper properties in North America, Turkey, and other international markets. The company also operates a molybdenum business unit that includes a metallurgical processing facility and two primary molybdenum properties.
