In this article, we discuss the Top 10 Stocks to Buy As Gold Rallies.
Gold smashed through the $4,000 per troy ounce barrier on Wednesday, October 8, after months of a dizzying rally. This is a historic milestone for the precious metal, which traded below $2,000 in early January last year. In 2025 alone, gold has surged 54% – only Silver (58%) and platinum (72%) have done better. But compared to equities, gold is in a league of its own.
Expert observers see the new peak as the result of a surge in demand from a spooked market. According to Alexander Zumpfe, bullion trader at Heraeus, the gains are a historic milestone, “driven not only by central banks and institutional investors, but also by robust physical buying.” The US government shutdown also egged the rally on, the Financial Times noted.
But why would investors pile into gold? According to Ray Dalio, billionaire hedge fund manager, trust in everything – currencies, credit, the global order, institutions – appears to be fading. And for that reason, investors are rushing to “the only asset that somebody can hold [where] you don’t have to depend on somebody else to pay your money,” he told the audience at the Greenwich Economic Forum on Tuesday, October 7. Dalio added that gold is “a very excellent diversifier of the portfolio. So if you were to look at [it] just from a strategic asset allocation mix perspective, you would probably have… as the optimal mix, something like 15 per cent of your portfolio in gold.”
Unsurprisingly, gold-related equities are also having a great year. So far, the FTSE Gold Mines Index – which monitors the performance of companies whose revenues are majority derived from gold mining worldwide – is up 133.93% year-to-date (as of October 9, 2025). The index has gained close to 53% just between August 1 and October 9; the S&P 500 has gained only 8.27% in that period.
That said, this article explores the top names to buy as gold rallies.
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Our Methodology
For this list, we used the Finviz stock screener to curate an initial pool of companies in the global gold industry. From this group, we narrowed our selection to stocks with year-to-date returns of 30% or more as of October 14. We then refined the list further by considering hedge fund interest, based on the latest holdings data from Insider Monkey’s Q2 2025 13F filings database. The final list is ranked in ascending order based on year-to-date returns.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Top Stocks to Buy As Gold Rallies
10. B2Gold Corp. (NYSE:BTG)
Year-To-Date Returns: 102.90%
Number of Hedge Fund Holders: 27
B2Gold Corp. (NYSE:BTG) is one of the top stocks to buy as gold rallies. On October 6, the company declared commercial production at the Goose Mine. This mine is part of the Back River Gold District, located in Nunavut, Canada. Commercial production was officially achieved on October 2, 2025, just over three months after the first gold pour was made. The company came to this conclusion after maintaining an average mill throughput exceeding 65% of its designed capacity (4,000 tons per day) for 30 consecutive days. Between September 3 and October 2, the mill achieved an average throughput of 2,652 tons per day (66% of design capacity).
Performance improved significantly from September 19 onwards, with mill throughput averaging 3,249 tons per day (81.2% of design capacity). This was after integrating a supplemental mobile crusher. Now, the company expects the mill to operate near full capacity later this year.
Gold recovery rates during the period have averaged over 90%, with expectations to maintain or improve this figure through the remainder of the year. Initial mill feed primarily came from the Echo open pit; for Q4 2025, feed will mostly come from the higher-grade Umwelt deposit (expected gold grades: 6.5–7.0 grams/ton).
B2Gold Corp. (NYSE:BTG) is a Canadian mining company. It acquires, explores, develops, and operates gold properties, primarily through its Fekola mine in Mali, the Otjikoto mine in Namibia, and the Goose project in Nunavut, Canada. Its main product is gold bullion, extracted from open-pit mining operations.
9. Barrick Mining Corporation (NYSE:B)
Year-To-Date Returns: 108.33%
Number of Hedge Fund Holders: 53
Barrick Mining Corporation (NYSE:B) is one of the top stocks to buy as gold rallies. On October 6, the company agreed to sell its interest in the Tongon gold mine and associated exploration properties in Côte d’Ivoire to Atlantic Group for up to $305 million. Atlantic Group will make an initial cash payment of $192 million, which encompasses repayment of a $23 million shareholder loan due within six months after the deal closes. There will also be contingent payments of up to $113 million over the next five years, dependent on the price of gold and resource conversions at the mine. The transaction is expected to close by the end of 2025, pending regulatory approvals from the Ivorian government and other customary closing conditions.
As a result of the deal, the Ivorian Atlantic Group will become the full owner of the mine for the first time since its opening in 2010. Barrick currently owns an 89.7% stake in Tongon. The government of Côte d’Ivoire holds a 10% stake, and local investors own about 0.3%.
Barrick Mining Corporation (NYSE:B) is a Canadian mining company; it was known as Barrick Gold Corporation until May 2025. It acquires, explores, develops, and operates gold and copper properties, primarily through its Nevada Gold Mines joint venture in the United States, the Pueblo Viejo mine in the Dominican Republic, and the Loulo-Gounkoto and Kibali mines in Africa. Its main products are gold bullion and copper concentrate, extracted from open-pit and underground mining operations.
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