12 Best Gold Stocks to Buy According to Analysts

2. Caledonia Mining Corporation Plc (NYSE:CMCL)

Caledonia Mining Corporation PLC (NYSE:CMCL) is one of the best gold stocks to buy, according to analysts. On February 23, Caledonia Mining Corporation PLC (NYSE:CMCL) confirmed the appointment of Stanbic Bank Zimbabwe and CBZ Bank Limited as co-lead arrangers of a $150 million financing pact.

The company plans to use the $150 million financing to support the development of the Bilboes gold project in Zimbabwe. The funding should be in place by mid-2026, subject to customary lender processes and approvals.

“The appointment of Stanbic and CBZ as co-lead arrangers represents an important step in executing the funding strategy we set out in January. We believe this facility, together with our hedging programme, the proceeds from the Convertible Notes Offering, and internal cash generation from Blanket Mine, will provide additional financial flexibility as we continue to advance our growth plans,” said Mark Learmonth, Chief Executive Officer.

The company has already closed a $150 million 7 –year convertible senior notes offering following strong demand for institutional investors in the US. Investor demand exceeded $600 million after three days of marketing.

Following the capital raise drive, Caledonia Mining has started implementing a four-part funding plan to ensure the Bilboes gold project can be advanced at pace.

Caledonia Mining Corporation Plc (NYSE:CMCL) is a Zimbabwe-focused gold producer, explorer, and developer that owns a 64% stake in the Blanket Mine, its primary operating asset. It focuses on maximizing gold production, developing new projects like Bilboes and Motapa.