In this article, we will list the 5 Best Commodity Stocks to Buy in 2026. Please visit 10 Best Commodity Stocks to Buy in 2026 if you’d like to see an extended list and the methodology behind it.
5. Barrick Mining Corporation (NYSE:B)
Number of Hedge Fund Holders: 75
With significant hedge fund interest and analyst support (41.0% upside), Barrick Mining Corporation (NYSE:B) ranks among the best commodity stocks to buy in 2026.
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Analyst sentiment on the stock remains strong as Barrick Mining Corporation (NYSE:B) delivered a powerful first quarter amid soaring gold prices and lower costs.
On May 11, 2026, Barrick Mining Corporation (NYSE:B) reported Q1 adjusted EPS of 98 cents, well ahead of the 81-cent consensus estimate, on revenue of $5.22 billion versus expectations of $4.84 billion. Gold production came in at 719,000 ounces, down 5% year-over-year, but a quarterly average realized gold price of $4,823 per ounce, up 66% from the prior year, more than offset the volume shortfall. All-in sustaining costs fell 4% to $1,708 per ounce. Operating cash flow surged 111% to $2.55 billion, while attributable free cash flow jumped 195% to $1.21 billion. Net EPS rose to $0.96, a 256% increase from a year earlier.
The strong cash generation funded shareholder returns. Barrick Mining Corporation (NYSE:B) declared a $0.175 per share quarterly dividend and authorized a new $3.0 billion share repurchase program.
UBS followed on May 12, 2026, raising its price target to $54 from $50 and reiterating a “Buy” rating, citing Barrick Mining Corporation (NYSE:B)’s operational scale, cash generation, and leverage to elevated gold and copper prices.
CEO Mark Hill said Barrick is shifting its strategic focus toward more stable jurisdictions, citing recent developments in Africa as a reason to prioritize growth elsewhere. Barrick Mining Corporation (NYSE:B) holds mines in Mali, Tanzania, the Democratic Republic of Congo, and Zambia, and Hill flagged Barrick’s 24% stake in the Porgera mine in Papua New Guinea as non-core.
Looking ahead, Barrick Mining Corporation (NYSE:B) guided for Q2 gold output of 730,000 to 770,000 ounces, with production expected to increase further in the second half. Full-year guidance remains 2.90 to 3.25 million ounces of gold and 190,000 to 220,000 tons of copper. The planned North American Barrick IPO remains on track to be completed by year-end.
Barrick Mining Corporation (NYSE:B) is a Canadian mineral properties company that explores for gold, copper, silver, and energy materials. The company was founded in 1983.
4. Kinross Gold Corporation (NYSE:KGC)
Number of Hedge Fund Holders: 42
On the back of strong hedge fund and analyst support, Kinross Gold Corporation (NYSE:KGC) features on our list of the best commodity stocks to buy in 2026. The stock carries an upside of 44.1%.
On May 18, 2026, Freedom Broker upgraded Kinross Gold Corporation (NYSE:KGC) to “Buy” from “Hold” and raised its price target to $38 from $13.50, calling Kinross Gold Corporation (NYSE:KGC)’s Q1 a “clean, high-quality beat.” The firm identified the Great Bear project as the “most important unpriced option” in Kinross’ portfolio.
The underlying numbers reinforce that view.
An average realized gold price of $4,873 per ounce in Q1 drove metal sales up 61% year-over-year to $2.41 billion, from $1.50 billion in Q1 2025. Adjusted net earnings more than doubled to $854.1 million, or $0.71 per share, compared to $0.30 per share in the prior-year period. Production margins rose 92% to a record $3,476 per gold equivalent ounce sold, comfortably outpacing cost increases despite inflationary pressures.
On the production side, Kinross Gold Corporation (NYSE:KGC) reported 492,563 gold equivalent ounces in Q1. Production cost of sales came in at $1,397 per gold equivalent ounce sold, with attributable production cost of sales of $1,380 per ounce.
The operating leverage Freedom Broker cited is tied to a realized price that is near $4,900 and a cost structure that is still anchored below $1,400. When revenue expands that much faster than unit costs, the translation to earnings is substantial, and that dynamic is what drove the analyst’s upgrade.
Looking ahead, Kinross Gold Corporation (NYSE:KGC) maintained full-year guidance of 2.0 million gold equivalent ounces, plus or minus 5%, at a production cost of $1,360 per ounce and an all-in sustaining cost of $1,730 per ounce. Total attributable capital expenditures are forecast at $1,500 million, plus or minus 5%.
Based in Canada, Kinross Gold Corporation (NYSE:KGC) is involved in the production, exploration, acquisition, and development of gold properties. Its operations are divided into the following business segments: Tasiast, Paracatu, La Coipa, Fort Knox, Round Mountain, Bald Mountain, and Corporate & Other.
3. Expand Energy Corporation (NASDAQ:EXE)
Number of Hedge Fund Holders: 81
On the back of strong hedge fund and analyst support, Expand Energy Corporation (NASDAQ:EXE) features on our list of the best commodity stocks to buy in 2026. The stock carries an upside of 44.7%.
Expand Energy Corporation (NASDAQ:EXE) drew attention after Barclays turned relatively cautious on the stock.
On May 26, 2026, Barclays analyst Betty Jiang downgraded Expand Energy Corporation (NASDAQ:EXE) to “Equal Weight” from “Overweight” and cut the firm’s price target to $110 from $127. The firm cited a reduced gas outlook and what it called a “less visible” near-term catalyst path. Barclays also noted that valuation creation at Expand is increasingly driven by gas marketing and commercial optimization, which brings greater dependence on market conditions and timing.
That discussion comes as Expand Energy Corporation (NASDAQ:EXE) executes its current strategy.
On the company’s Q1 2026 earnings call on April 29, 2026, interim Chairman Michael Wichterich laid out exactly that shift, saying the company’s primary focus for the quarter was marketing and commercial activity. Management said the target is roughly $0.20 of margin improvement per unit, equating to approximately $500 million of repeatable incremental free cash flow per year. Wichterich described the approach as stacking singles and doubles across three categories: reaching premium markets, monetizing volatility, and facilitating new demand. In Q1 alone, Expand Energy Corporation (NASDAQ:EXE) said it generated nearly $90 million of incremental value from volatility capture.
The Barclays concern, then, is essentially that the payoff from this strategy depends heavily on where gas prices go and when new demand materializes. Expand Energy Corporation (NASDAQ:EXE) signed a new offtake agreement with Delfin LNG for 1.15 million tons per year during the quarter, and management added 0.5 Bcfd of term sales and firm transportation to end users over the past six months.
Meanwhile, Wichterich said the LNG and power demand categories are roughly three years out, while the near-term opportunity is already being captured through volatility and premium market access.
Expand Energy Corporation (NASDAQ:EXE) is an oil & gas E&P company that deals in oil, natural gas, and natural gas liquids. The company was formerly known as Chesapeake Energy Corporation.
2. Agnico Eagle Mines Limited (NYSE:AEM)
Number of Hedge Fund Holders: 46
With significant hedge fund interest and analyst support (46.3% upside), Agnico Eagle Mines Limited (NYSE:AEM) ranks among the best commodity stocks to buy in 2026.
Agnico Eagle Mines Limited (NYSE:AEM) ended May with strong analyst support, driven by robust operating results and long-term growth investments.
The most recent analyst update came on May 26, 2026, when CIBC raised its price target on Agnico Eagle Mines Limited (NYSE:AEM) to $310 from $304, while maintaining an “Outperformer” rating and citing favorable Q1 results and potential exploration upside. That followed an upgrade on May 4, 2026, when ATB Cormark analyst Richard Gray moved AEM to “Outperform” from “Sector Perform” with an unchanged C$330 price target. Gray called Agnico the “gold standard” among gold producers, pointing to its long-life, high-margin asset base in low-risk jurisdictions and noting the company is well-positioned to benefit from record margins and production growth extending beyond 2030.
Solid Q1 results drove bullish analyst sentiment.
Agnico Eagle Mines Limited (NYSE:AEM) produced 825,109 payable gold ounces at all-in sustaining costs of $1,483 per ounce, while growing its cash balance by $246 million to $3,112 million. The company ended the quarter with a net cash position of $2,915 million.
The scale of capital that Agnico Eagle Mines Limited (NYSE:AEM) is deploying in Canada gave additional weight to analysts’ constructive views.
On May 19, 2026, Reuters reported Agnico Eagle Mines Limited (NYSE:AEM) will begin a $2.4 billion redevelopment of the Hope Bay Mine in Nunavut, targeting roughly 400,000 ounces of annual gold production and supporting close to 2,000 jobs for indigenous groups. That followed a May 13, 2026 announcement that Agnico would invest $10.2 billion in Ontario by 2030, including $1.46 billion to expand its Detour Lake mine and redevelop the Upper Beaver gold-copper mine, extending Detour Lake’s life until 2054 and adding an estimated $3.65 billion to Ontario’s GDP.
Agnico Eagle Mines Limited (NYSE:AEM) is a senior Canadian gold mining company and the world’s second-largest gold producer, focused on exploring, developing, and operating mines. Founded in 1957, it operates high-quality, low-risk assets primarily in Canada, Australia, Finland, and Mexico, with about 85% of its production coming from Canada.
1. Antero Resources Corporation (NYSE:AR)
Number of Hedge Fund Holders: 75
On the back of strong hedge fund and analyst support, Antero Resources Corporation (NYSE:AR) features on our list of the best commodity stocks to buy in 2026. The stock carries an upside of 48.3%.
On May 27, 2026, Mizuho raised its price target on Antero Resources Corporation (NYSE:AR) to $54 from $50 and kept an “Outperform” rating. The firm expects the impact of the Iran crisis on global oil prices and refining cracks to be prolonged, lifting its 2026 and 2027 oil price outlook by 25% and 6%, respectively, while raising its U.S. refining crack forecast by 61% and 51%.
Mizuho argued that a pullback in stock valuations despite elevated commodity prices creates an opportunity for investors to find alpha in U.S. oil and gas stocks, including Antero Resources Corporation (NYSE:AR).
Antero’s own Q1 2026 earnings call, held April 30, 2026, laid out exactly why Antero Resources Corporation (NYSE:AR) may benefit from that opportunity.
CEO Michael Kennedy said the geopolitical backdrop had only strengthened the macro case for natural gas and NGLs. Antero Resources Corporation (NYSE:AR) holds the highest LNG exposure among Appalachian producers, selling 2.3 Bcf per day of production to sales points along the LNG fairway, and is the largest U.S. producer and exporter of NGLs.
On the NGL side, Senior Vice President Dave Cannelongo said the Middle East accounted for roughly 36% of the global waterborne LPG market in 2025, with virtually all of that volume transiting the Strait of Hormuz. With that supply disrupted, global buyers have few alternatives beyond the U.S.
Antero Resources Corporation (NYSE:AR) produces 46 million net barrels of C3+ NGLs annually, and management said realized C3+ pricing had increased approximately $12 per barrel during this period, adding over $550 million of incremental free cash flow in 2026.
Antero Resources Corporation (NYSE:AR) is an independent oil and natural gas company engaged in the development, production, exploration, and acquisition of natural gas, natural gas liquids, and oil properties in the United States.
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