In this article, we will discuss the 12 Best Gold Stocks to Buy According to Analysts.

Gold stocks have been on a tear over the past year, with the precious metal smashing records on its way to record highs. The yellow metal has already powered through the $5,500-an-ounce level, a rally fueled by soaring geopolitical tensions in the Middle East and aggressive buying by central banks.

While gold rallied by about 65% in 2025, Daniel Oliver of Myrmikan Gold Fund insists there is still room for additional gains. That’s because the yellow metal did not lead the markets during the bubble years and also lagged big techs and Bitcoin. According to Oliver, gold tends to perform better when credit is tightening rather than expanding.

Analysts at Deutsche Bank have also touted gold’s long-term prospects, as its broader investment case remains intact.

“Gold’s thematic drivers remain positive, and we believe investors’ rationale for gold (and precious metals) allocations will not have changed. The conditions do not appear primed for a sustained reversal in gold prices, and we draw some contrasts between today’s circumstances and the context for gold’s weakness in the 1980s and 2013,” Deutsche Bank said in a research note.

On the other hand, Barclays strategists insist the broader bid for gold remains resilient despite the overheated technicals, with prices at an all-time high. Soaring geopolitical tensions, policy uncertainties, and reserve diversification themes are some of the factors that support the metal’s long-term outlook.

Federal Reserve easing, central bank buying, and geopolitical tensions should continue to fuel demand for gold in 2026. Similarly, the growing bets on de-dollarization should continue to draw investors to gold mining stocks.

Our Methodology

To compile the list of 12 Best Gold Stocks to Buy According to Analysts, we shortlisted the largest stocks involved in gold mining. We then trimmed the stocks by focusing on those with an upside potential of more than 10%. We 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 shows 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).

Best Gold Stocks to Buy According to Analysts

12. Gold Fields Limited (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) is one of the best gold stocks to buy, according to analysts. On February 19, Gold Fields Limited (NYSE:GFI) delivered strong 2025 results characterized by significant improvement in safety, operational, and financial performance. Production levels ended at the upper end of the guidance, and costs were within the guided range.

Improved operational performance, coupled with higher gold production, was the catalyst behind the company’s adjusted free cash flow increasing to $2.97 billion from $605 million in 2024. Normalized profit was up 119% to $2.68 billion or $3 a share in 2025 compared to $1.23 billion or $1.37 a share in 2024.

“In line with our updated dividend policy, we have declared a final dividend of R18.50 per share, which is 164% higher than the final dividend paid last year. When combined with the interim dividend of R7.00 per share, the total dividend of R25.50 per share (US$1.60 per share) equates to 35% of free cash flow before discretionary investments, in line with our targeted 35%,” said Mike Fraser, CEO

Gold Fields remains focused on improving the quality of its production base through acquiring assets and enhancing the quality of the underlying portfolio. Therefore, the company has already disposed of a 19.5% stake in Galliano Gold. It has also entered into agreements for the sale of a portfolio of royalties and related instruments for US$167 million in cash.

Gold Fields Limited (NYSE:GFI) is a leading Johannesburg-based, globally diversified gold producer with nine operating mines and major projects across Australia, South Africa, Ghana, Peru, and Chile. The company explores, extracts, processes, and smelts gold, with some copper production, producing roughly 2 million gold-equivalent ounces annually.

11. Centerra Gold Inc. (NYSE:CGAU)

Centerra Gold Inc. (NYSE:CGAU) is one of the best gold stocks to buy, according to analysts. On February 19, Centerra Gold Inc. (NYSE:CGAU) board of directors approved a quarterly dividend of C$0.07 per common share, translating to about $10.2 million. The dividend is to be paid on March 26 to shareholders of record as of March 12, 2026.

The dividend offering comes on the heels of Centerra Gold Inc. delivering impressive fourth-quarter and full-year results on the back of strong production. Additionally, the company outperformed its cost guidance due to solid operational execution at the Mount Milligan and Oksut. Gold production in the fourth quarter totaled 70,853 ounces and 275,316 ounces for the full year. Copper production in the fourth quarter totaled 13 million pounds and 50.5 million pounds for the full year.

Revenue in the fourth quarter was up 33% to $401.6 million as the full year increased 14% to $1.38 billion. Adjusted net earnings increased 127% to $83.2 million in the fourth quarter and 50% for the full year to $152.9 million.

Centerra Gold expects 2026 gold production to range between 250,000 ounces and 280,000 ounces, with copper production of between 50 and 60 million pounds.

“Looking ahead to 2026, our production and cost guidance reflect stable operating performance across our portfolio. We are committed to protecting and expanding margins through disciplined cost management and continuous operational initiatives at Mount Milligan. We expect our operations to continue generating strong cash flow in 2026, providing the financial flexibility to advance our growth project pipeline while returning capital to shareholders.”

Centerra Gold Inc. (NYSE:CGAU) is a Canadian-based mining company that explores, develops, operates, and acquires gold and copper properties in North America and Turkey. Key operations include the Oksut Mine in Turkey, the Mount Milligan Mine in Canada, and the Goldfield project. They also produce and sell molybdenum.