8 Best Gold Penny Stocks to Buy According to Analysts

In this piece, we discuss the Best Gold Penny Stocks to Buy According to Analysts.

Recent market coverage of the safe-haven asset points to a growing focus on finding valuation-driven opportunities in the gold space.

This is in response to the growing need for investors to reassess their positions in the gold space amid significant capital inflows into the metal. According to BlackRock data cited by Reuters on March 26, 2026, commodity exchange-traded products (ETPs) saw more than $100 billion in inflows in 2025 alone. This included $83 billion in gold and another $15.5 billion of inflows in January, which has led to gold becoming a crowded trade. According to Bank of America’s data, gold was trading 30% above its 200-day moving average before the recent geopolitical events. This suggested that gold was overstretched even before the outbreak.

Despite this scenario, Reuters notes that the underlying fundamentals of gold stocks are favorable.

Gold mining stocks are seen to be generating record cash flow while trading at a discount to their historical averages. This has created a gap between underlying earnings potential and current valuations. This has led to institutional investors seeking opportunities in the gold space by focusing on underlying valuation differences.

Gold equities have remained muted in 2026 so far, despite gaining over 100% in the past year.

Meanwhile, another Reuters report published on March 24, 2026, cited Deutsche Bank’s comments that investors are reassessing traditional safe-haven assets. Yet optimism about the safe-haven asset persists, with a few analysts still advising investors to buy gold at current levels.

On this note, we will now jump to our list of the 8 best gold penny stocks to buy according to analysts.

Our Methodology

To curate our list of the best gold and precious metals penny stocks, we used a screener to identify stocks trading under $5 with reasonable analyst coverage. These stocks boast significant upside from their current levels. Finally, we ranked these stocks by upside, presenting our list in ascending order.

Note: All data was sourced on March 28, 2026.

Why are we interested in the stocks that hedge funds pile into? 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

8. Vox Royalty Corp. (NASDAQ:VOXR)

Vox Royalty Corp. (NASDAQ:VOXR) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

As of March 28, 2026, the consensus price target of $6.90 suggests a 42.56% upside potential for Vox Royalty Corp., with 100% covering analysts maintaining bullish ratings on the stock. The sentiment remains intact as the company’s management anticipates a strong 2026.

On March 16, 2026, Vox Royalty Corp. announced its inclusion in the VanEck Junior Gold Miners ETF and the MVIS Global Junior Gold Miners Index, effective prior to market open on March 23, 2026, gaining additional visibility.

This marks a critical step toward improving investor exposure and liquidity, with the ETF overseeing about $10.3 billion in total net assets. CEO Kyle Floyd emphasized that the admission reflects Vox Royalty Corp.’s growth in precious metals royalty revenue and net income, complementing its previous membership in the Russell 2000 Index.

The milestone follows the positive management guidance for 2026 shared earlier this month. Vox Royalty Corp.’s management projects $28 to $32 million in royalty and net precious metal receipts, which could translate into a 70% to 90% year-over-year growth. This year, the company expects its first revenue from several royalties.

At the same time, Vox Royalty Corp. announced a 20% increase in its quarterly dividend, bringing it to $0.015 per share. The dividend will be payable on April 14, 2026.

Vox Royalty Corp., established in 2014 and based in Ontario, Canada, is a precious metals royalty and streaming company with 36 licenses, one royalty option, and assets distributed across seven jurisdictions.

7. TRX Gold Corporation (NYSE:TRX)

TRX Gold Corporation (NYSE:TRX) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

As of March 28, 2026, the analyst sentiment toward TRX Gold Corporation is highly positive, with all analysts remaining bullish on the stock. Meanwhile, the consensus price target of $2.30 implies a 75.57% upside potential.

On March 2, 2026, TRX Gold demonstrated strong financial and operational performance through its preliminary Q2 2026 results. The company sold almost 7,400 ounces of gold and produced 7,453 ounces, a 13% increase from Q1 2026. Not only that, TRX Gold Corporation set a new record for the average gold price sold, with each ounce sold for $4,682, representing a 21% increase year-over-year. Higher prices are expected to generate stronger revenue for the company in the quarter. TRX Gold has also improved its balance sheet with gross proceeds of $21.0 million through the exercise of warrants, with no warrants outstanding. The company ended the quarter with a cash balance of $25 million and a working capital ratio of 2.5x.

On the same day, H.C. Wainwright maintained its “Buy” rating and increased the price target on TRX Gold Corporation to $2.30 from $1.50, citing record gold production as the basis of the price target adjustment.

TRX Gold Corporation, established in 1990 and based in Oakville, Canada, specializes in the development and production of gold, particularly at the Buckreef Gold Project in Tanzania, with an emphasis on operational expansion and financial stability.

6. Gold Royalty Corp. (NYSE:GROY)

Gold Royalty Corp. (NYSE:GROY) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

As of March 28, 2026, analysts remain optimistic about Gold Royalty Corp., with 90% of covering analysts remaining bullish on the stock. The consensus price target of $6.00 implies an 80.72% upside potential. The company’s strong operational momentum helps sustain analyst confidence.

On March 18, 2026, Gold Royalty Corp. published its fiscal year-end financial results, featuring record performance and a robust growth outlook.

With $15.6 million in gold revenue and 5,173 gold equivalent ounces (GEOs) realized during the year, the company’s total revenue came in at $17.8 million. Adjusted EBITDA of $9.8 million and positive operating cash flow of $6.2 million were recorded at year-end, marking a critical turning point in the company’s growth.

Meanwhile, Gold Royalty Corp. reported fourth-quarter gold revenue of a record $4.5 million with 1,255 GEOs, bringing the total revenue to $5.2 million. As of February 19, 2026, the business maintained a $150 million credit facility, supported by no debt and over $12 million in cash as of the end of 2025.

By 2026, Gold Royalty Corp. anticipates more than a 60% increase in GEOs, with long-term growth anticipated until 2030.

David Garofalo, Chairman and CEO of Gold Royalty, stated the following:

“We are incredibly proud of the company we have built over the past five years. 2025 was an important inflection point in the history of the Company as we reported positive cash flow and Adjusted EBITDA, added a highly coveted royalty on BHP’s cashflowing Pedra Branca mine in Brazil and materially strengthened our balance sheet. Our 2026 and five-year outlook demonstrate the continued peer-leading growth in our asset portfolio, including over 60% year-over-year growth expected in 2026.”

Gold Royalty Corp., a precious metals-focused royalty company, was established in 2020 and is headquartered in Vancouver, Canada. The company is dedicated to providing financing solutions to the metals and mining industry, with a concentration on long-term production growth.

5. New Found Gold Corp. (NYSE:NFGC)

New Found Gold Corp. (NYSE:NFGC) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

New Found Gold Corp. is working to accelerate progress at its 100%-owned Queensway Gold Project. With the company continuing to bolster its growth narrative, all of the covering analysts remain bullish on the stock. Based on analyst consensus, NFGC has an implied upside of 105.22%.

New Found Gold Corp. is sharply focused on its Queensway Gold Project, for which it has entered into a non-binding term sheet for a loan facility of up to $75 million. According to the company’s announcement on March 5, 2026, the loan proceeds will be utilized to support its plans for early construction, procurement of long-lead items, mill expansion, and working capital. Importantly, the company’s CEO, Keith Boyle, emphasized plans for first production by late 2027.

The loan facility will be documented through a secured debenture, to be advanced in two tranches: $50 million at closing, along with an additional $25 million, which will be available within 15 months, subject to certain conditions. Furthermore, the arrangement features a 0.50% annual administration fee, a 24-month term, and a fixed annual interest rate of 9.25%, while also offering an option to extend the loan by six months.

New Found Gold Corp., a Canadian gold producer, owns assets in Newfoundland and Labrador and holds interests in the following projects: Queensway Gold, Hammerdown Gold, Pine Cove Mill, and Nugget Pond.

4. Galiano Gold Inc. (NYSE:GAU)

Galiano Gold Inc. (NYSE:GAU) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

As of March 28, 2026, the consensus price target for Galiano Gold Inc. is $4.69, implying 105.80% upside potential. The stock enjoys the confidence of 60% of covering analysts, who maintain bullish ratings on it.

As of the same day, the company’s shares have returned over 80% to investors in the past year. However, the stock has gained less than 1% over the past six months. In contrast, the industry recorded a gain of 18% in the 6-month period, while surging nearly 100% in the past year.

Building on the stock’s strong long-term momentum, Galiano Gold Inc. announced that it had been added to the VanEck Junior Gold Miners ETF following the fund’s semi-annual review. This inclusion took effect at the market close on March 20, 2026. The company’s announcement came on March 17, 2026.

GDXJ, one of the most popular ETFs in the precious metals industry, offers exposure to junior and mid-tier gold and silver producers, which could boost the company’s long-term shareholder value. On the occasion of the announcement, CEO Matt Badylak emphasized the inclusion shows operational progress and continued plan execution. Furthermore, management sees an improved market profile, enhanced share liquidity, and expanded access to institutional and retail investors following this milestone.

Galiano Gold Inc., headquartered in Vancouver, Canada, was established in 1999. The company is engaged in the acquisition and exploration of mineral resources, with a primary focus on the Asanko Gold Mine in West Africa.

3. Dakota Gold Corp. (NYSE:DC)

Dakota Gold Corp. (NYSE:DC) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

As of March 28, 2026, 100% of covering analysts maintain buy ratings, while the consensus price target of $10.25 implies a 124.78% upside potential for the stock. The strong sentiment remains intact as Dakota Gold Corp. continues to see progress at its Richmond Hill Oxide Heap Leach Gold Project.

On March 17, 2026, Dakota Gold Corp. published the results of its 2025 Richmond Hill drill campaign, which took place in South Dakota.

Expansion hole RH25C-359 was drilled 260 meters beyond the current resource area and intersected 3.14 g/t gold and 10.57 g/t silver over 13.4 meters, as well as 12.25 g/t Au and 20.10 g/t Ag over 1.5 meters. In the farthest reaches of the property, water-monitoring holes confirmed the presence of gold and silver, indicating extensive mineralization.

The 242-hole, 29,524-meter drilling program returned several high-grade intersections with grades above the average of 0.566 g/t Au. The 2026 drilling campaign successfully completed 7,565 meters across 48 infill holes, supporting the forthcoming pre-feasibility study in H2 2026 and advancing Richmond Hill toward anticipated production in 2029.

Dakota Gold Corp., established in 2017 and based in Lead, South Dakota, is a gold exploration and development firm dedicated to new discoveries and the advancement of resources in the state’s Homestake District.

2. Platinum Group Metals Ltd. (NYSE:PLG)

Platinum Group Metals Ltd. (NYSE:PLG) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

As of March 28, 2026, 75% of analysts have assigned bullish ratings to Platinum Group Metals Ltd.. At the same time, the consensus price target of $3.89 implies an upside potential of 128.58%. Analyst sentiment remains strong, as the company continues to focus on accelerating progress at the Waterberg Project.

On March 10, 2026, the company announced a new equity distribution agreement with BMO Nesbitt Burns Inc., Beacon Securities Limited, and BMO Capital Markets Corp., effective immediately under its 2026 at-the-market equity program.

Under the program, Platinum Group Metals Ltd. may, at its discretion, distribute up to US$60 million in common shares at prevailing market prices through agents.

Proceeds from Platinum Group Metals Ltd.’s share sales will be utilized to support incremental development projects at the Waterberg Project, as well as general corporate and administrative expenditures over the next 24 months, according to management. Sales will take place on the TSX, NYSE American, or other mutually agreed-upon trading exchanges, with the program terminating on December 13, 2026, or upon reaching the maximum aggregate gross sales amount.

Platinum Group Metals Ltd., established in 2002 and based in Vancouver, Canada, engages in the acquisition, exploration, and development of platinum and palladium assets, with an emphasis on the engineering and phased advancement of its Waterberg Project.

1. Integra Resources Corp. (NYSE:ITRG)

Integra Resources Corp. (NYSE:ITRG) earns a place on our list of the 8 best gold penny stocks to buy according to analysts.

On March 24, 2026, Integra Resources Corp. released its fourth-quarter and full-year 2025 results, which showed strong production at the Florida Canyon mine. The asset’s performance during the quarter strengthened the company’s earnings.

Production during the quarter totaled 12,864 ounces of gold, of which 12,920 ounces were sold at an average realized price of $4,229 per ounce. Meanwhile, for the full year, Integra Resources Corp. recorded $243.9 million in revenue and $47.3 million ($0.28 per share) in adjusted net income, supported by production of 70,927 ounces of gold.

On the expenses side, the quarter featured average cash costs of $2,036 per ounce, with mine-site all-in sustaining costs standing at $3,371 per ounce. For the full year, cash costs averaged $1,937 per ounce, with all-in sustaining costs of $2,693 per ounce.

The quarter also marked the completion of the company’s feasibility study for the DeLamar Project, confirming an after-tax NPV of $774 million with an IRR of 46%. Management remains optimistic about the company’s outlook for 2026, thanks to a $63.1 million cash balance and $92.9 million in working capital. Integra Resources Corp. projects Florida Canyon production of 70,000 to 75,000 ounces for 2026 and continued momentum at DeLamar and Nevada North.

Integra Resources Corp., established in 1997 and based in Vancouver, Canada, is a precious metals producer managing the Florida Canyon Mine in Nevada, alongside development projects such as DeLamar in Idaho and Nevada North.

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