12 Best Gold Stocks to Invest In According to Billionaires

1. Newmont Corporation (NYSE:NEM)

Number of Billionaire Investors: 13

Number of Hedge Fund Holders: 69

Newmont Corporation (NYSE:NEM) is among the best gold stocks according to billionaires, as 13 billionaires hold stakes in the company. With a significant global presence in resource-rich areas, the company manages a diverse portfolio of gold, copper, silver, and other metal assets throughout Australia, West Africa, and North and South America.

Newmont Corporation (NYSE:NEM) reported record operational cash flow of $2 billion and free cash flow of $1.2 billion in Q1 2025, which ended on March 31. This was the company’s biggest first-quarter cash flow ever. In line with full-year forecasts, 1.5 million ounces of gold and 35,000 tons of copper were produced. Additionally, the company reported a strong adjusted net income of $1.25 per diluted share and $2.6 billion in adjusted EBITDA. With $4.7 billion in cash on hand, Newmont is well-capitalized going into the second half of the year.

Additionally, the company successfully sold off six non-core businesses, releasing $3.2 billion in post-tax income. In 2025, almost $2.5 billion of this was realized, with an extra $1.2 billion from deferred consideration and stock holdings. Over the course of the last year, Newmont Corporation (NYSE:NEM) repurchased almost $2 billion worth of shares as part of its $3 billion buyback program and utilized a portion of these profits to pay down $1.5 billion in debt.

Operationally, gold production is expected to pick up speed, with the second half of 2025 accounting for about 52% of total output. While the Ahafo North project is still on schedule to produce its first gold by the end of 2025, key assets like Tanami and Boddington are expected to generate increased volumes in H2 2025. Additionally, Newmont Corporation (NYSE:NEM) is giving Red Chris development first priority and expects Lihir to continue to grow starting in 2028.

In the future, Newmont Corporation (NYSE:NEM) intends to exploit high gold prices and continuous central bank demand to stabilize its 11 controlled operations and carry out capital return schemes. Newmont is still in a strong position in the precious metals market, thanks to the support of numerous billionaires and a well-defined production and balance sheet expansion strategy.

Overall, Newmont Corporation (NYSE:NEM) ranks first on our list of the best gold stocks to invest in according to billionaires. While we acknowledge the potential of NEM, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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