On Wednesday, August 13, gold went up as the US dollar got weaker and Treasury yields fell. Mild US inflation data led to a growing expectation for a rate cut by the Federal Reserve in September. It also increased chances for additional rate cuts later in the year.
Spot gold increased by 0.4% to $3,357.59 per ounce. US gold futures for December delivery gained 0.3% to reach $3,408.50.
The dollar index declined to a more than two-week low, which made gold cheaper for overseas buyers. Meanwhile, the yield on the benchmark 10-year Treasury note also went down slightly.
Nikos Tzabouras, a senior market analyst at Tradu.com, said:
“Gold is buoyant on heightened expectations of a September Fed rate cut, following benign CPI data and July’s weak non-farm payrolls.”
Fawad Razaqzada, market analyst at City Index and FOREX.com, said:
“While I maintain a bullish long-term outlook on gold, my view for the rest of this year is more cautious. Prices may continue to consolidate or see a mini correction in the coming months as equity markets rally aggressively.”
With this background in mind, let’s take a look at the 13 most promising gold stocks according to Wall Street analysts.
Photo by Gold-bar-jingming-pan on Unsplash
Our Methodology
To compile our list of the 13 most promising gold stocks according to Wall Street analysts, we used stock screeners from Finviz and Yahoo Finance to find gold companies. We also reviewed our own rankings, financial media reports, ETFs, and various online resources to compile a list of the most promising stocks in the gold industry. Next, we focused on the top 13 stocks that analysts believe have the most potential for growth. We ranked the 13 most promising gold stocks based on their average price target upside potential according to analysts as of August 11, 2025.
Additionally, we mentioned the hedge fund sentiment surrounding each stock, which was taken from Insider Monkey’s Q1 2025 database of 1,000 elite hedge funds.
Why do we care about what hedge funds do? 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13 Most Promising Gold Stocks According to Wall Street Analysts
13. New Gold Inc. (NYSEAMERICAN:NGD)
Average Price Target Upside Potential According to Analysts: 20.11%
Number of Hedge Fund Holders: 28
New Gold Inc. (NYSEAMERICAN:NGD) is one of the most promising gold stocks according to Wall Street analysts. On July 28, New Gold Inc. (NYSEAMERICAN:NGD) reported Q2 2025 results. The company reported that quarter-over-quarter production growth helped it achieve strong cash flow from operations of $163 million and a record free cash flow of $63 million.
A key factor driving this strong performance was the Rainy River project, which generated a record $45 million of quarterly free cash flow. The Rainy River project achieved a monthly production record in June and the project is on track for continued ramp-up throughout the year.
This second-quarter performance builds on the positive momentum from the first quarter. New Gold Inc.’s (NYSEAMERICAN:NGD) strong cash flow from operations allowed it to invest about $58 million in Q2 to advance growth projects.
New Gold Inc. (NYSEAMERICAN:NGD) is an intermediate mining company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine.
12. Collective Mining Ltd. (NYSEAMERICAN:CNL)
Average Price Target Upside Potential According to Analysts: 20.72%
Number of Hedge Fund Holders: 5
Collective Mining Ltd. (NYSEAMERICAN:CNL) is one of the most promising gold stocks according to Wall Street analysts. On July 21, Collective Mining Ltd. (NYSEAMERICAN:CNL) announced that high-grade gold, copper, silver, and tungsten assay results have been received for five additional holes from its ongoing drilling work at the Apollo system.
This drilling program aims to outline and expand the near-surface and shallow portion of gold-silver-copper-tungsten mineralization at the Apollo system.
According to the report by Collective Mining Ltd. (NYSEAMERICAN:CNL), the five diamond drill holes coming from Pad 22, Pad 23, and Pad 25 showed strong mineralization of gold, silver, copper, and tungsten starting from at or near the surface.
The Apollo system starts at the surface and it is strongly mineralized over 1,200 vertical metres. The system is open at depth and it is the most advanced discovery so far in Collective Mining Ltd.’s (NYSEAMERICAN:CNL) Guayabales Project, located in Caldas, Colombia.
So far, 70% of the drill program focusing on the shallowest portion of Apollo has been completed. Assay results from further five holes are still awaited. Collective Mining Ltd. (NYSEAMERICAN:CNL) pointed out that additional holes are also being drilled.
Collective Mining Ltd. (NYSEAMERICAN:CNL) is a gold, silver, copper, and tungsten exploration company with projects in Caldas, Colombia.
