In this article, we will discuss: 11 Best Gold Stocks to Buy for 2026.
According to Reuters on January 22, Goldman Sachs boosted its end-2026 gold price projection from $4,900 to $5,400 per ounce. The firm noted the ongoing diversification by central banks in the private sector and emerging markets. Following an uptick of 64% in 2025, spot gold saw an 11% surge in 2026, reaching $4,887.82 per ounce. The brokerage pointed out that purchases made by buyers in the private sector, who act as a hedge against risks associated with international policy, “don’t liquidate their gold holdings in 2026, effectively lifting the starting point of our price forecast.” Furthermore, the aforementioned analysts anticipate a rise in Western ETF holdings, supported by a projected 50 basis-point rate drop by the U.S. Federal Reserve.
As emerging markets strive to diversify their reserves into gold, Goldman Sachs predicted central banks would buy an average of 60 tonnes in 2026. The brokerage cautioned that a significant decline in the perceived risks associated with long-term global monetary policy would lead to the liquidation of macro policy hedges. This would present a downside risk. The firm stressed that ETF accumulation and continuous central bank demand are still important factors supporting this year’s gold gain.
With that said, here are the 11 Best Gold Stocks to Buy for 2026.
Image by Csaba Nagy from Pixabay
Our Methodology
We sifted through the ETFs and online rankings to form an initial list of the 20 Best Gold Stocks to Buy for 2026. From the resultant dataset, we chose the 11 Best Gold Stocks with the highest number of hedge fund holders for each stock using Insider Monkey’s database of hedge funds as of Q3 2025. We also considered the analysts’ upside potential of over 20% as of January 27. Finally, we ranked these stocks in ascending order based on 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).
11. TRX Gold Corporation (NYSE:TRX)
Number of Hedge Fund Holders: 2
Analysts’ Upside Potential as of January 27: 31.58%
TRX Gold Corporation (NYSE:TRX) is among the Best Gold Stocks.
On January 16, 2026, TheFly reported that H.C. Wainwright kept its Buy rating. It boosted its price objective for TRX Gold Corporation (NYSE:TRX) from $1.40 to $1.50. Higher assumptions in the company’s commodities price deck were attributed by the analyst to the target hike.
On January 15, 2026, TRX Gold Corporation (NYSE:TRX) announced $25.12 million in Q1 revenue, up from $12.53 million in the same period last year. The corporation sold 6,492 ounces of gold at an average realized price of $3,860 per ounce during the quarter while pouring a record 6,597 ounces. EBITDA was $13.2 million, or a 53% margin, while gross profit was $14.2 million, or a 57% margin. According to management, solid cash flow supported working capital upgrades, the development of plans to renovate and develop the processing plant, and increased research spending to better identify resources at the Buckreef Gold project.
TRX Gold Corporation (NYSE:TRX) explores, develops, and produces mineral property interests in the United Republic of Tanzania.
10. GoldMining Inc. (NYSE:GLDG)
Number of Hedge Fund Holders: 9
Analysts’ Upside Potential as of January 27: 206.45%
GoldMining Inc. (NYSE:GLDG) is among the Best Gold Stocks.
On January 7, 2026, TheFly reported that Roth Capital reaffirmed its Buy recommendation. It lifted GoldMining Inc. (NYSE:GLDG)’s price objective to $2.80 from $2.60. The increase is a result of further drilling at the Sao Jorge project, which the company claims has potential for resource growth, as well as a better valuation of the company’s interests.
GoldMining Inc. (NYSE:GLDG) also declared a management change that was going to take effect on January 1, 2026, and on January 2, 2026. Paulo Pereira left his position as President of the firm to take on the role of Country Manager for Brazil. Alastair Still, the CEO, took on the additional position of President.
On January 26, 2026, the corporation released 2025 drilling results at its São Jorge Project, including 19 meters at 1.00 g/t gold from 425 meters down. This is one of the deepest intercepts to date. Drilling is scheduled for 2026 after induced polarization measurements revealed a more than one-kilometer chargeability anomaly at William South.
GoldMining Inc. (NYSE:GLDG) operates as a mineral exploration company that focuses on acquiring, exploring, and developing mining properties.
