Best Gold Stocks to Buy for October 2025
5 Best Gold Stocks to Buy Today
| Company (Ticker) | 12 Week Price Change | Forward PE | Price | Proj EPS Growth (1 Year) | Projected Sales Growth (1Y) |
|---|---|---|---|---|---|
| Kinross Gold (KGC) | 49.50% | 16.18 | $23.94 | 117.44% | 26.87% |
| Gold Fields Limited (GFI) | 69.13% | 14.77 | $40.19 | 111.36% | 46.61% |
| Newmont (NEM) | 43.17% | 15.74 | $83.30 | 62.36% | 11.31% |
| Triple Flag Precious Metals Corp. (TFPM) | 26.47% | 31.71 | $28.78 | 68.52% | 28.55% |
| FrancoNevada (FNV) | 20.07% | 37.23 | $190.11 | 60.06% | 42.43% |
*Updated on October 24, 2025.
Stock #1
Kinross Gold (KGC)
$23.94 USD +0.02 (0.08%)
3-Year Stock Price Performance
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- Zacks Rank
Strong Buy 1
- Style Scores
B Value A Growth C Momentum A VGM
- Market Cap:$28.56B (Large Cap)
- Projected EPS Growth: 117.65%
- Last Quarter EPS Growth: 46.67%
- Last EPS Surprise: 33.33%
- Next EPS Report date:Nov. 4, 2025
Our Take:
Kinross is a senior gold producer with mines across the Americas and West Africa and meaningful organic growth from its Great Bear project in Ontario. Higher bullion prices and solid execution have driven stronger cash generation, and management has targeted $650 million of capital returns in 2025, underscoring balance-sheet discipline. The PEA for Great Bear envisions more than 500,000 ounces annually at low AISC, supporting a multi-year growth runway in a premier jurisdiction.
Its Zacks Rank #1 (Strong Buy) reflects positive estimate revisions, and Style Scores of B for Value and A for Growth suggest improving profitability at a reasonable valuation, while the Momentum score at C flags typical volatility for gold producers.
On KGC’s Price, Consensus & EPS Surprise chart, shares have trended higher alongside rising 2026–2027 EPS lines, with the stock breaking above prior peaks as estimates inflect. That up-and-to-the-right slope in out-year consensus supports the thesis that project execution and gold leverage are starting to be reflected in expectations.
Stock #2
Gold Fields Limited (GFI)
$40.19 USD -1.01 (-2.45%)
3-Year Stock Price Performance
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- Zacks Rank
- Strong Buy 1
- Style Scores
C Value A Growth A Momentum A VGM
- Market Cap: $35.44B (Large Cap)
- Projected EPS Growth:111.36%
- Last Quarter EPS Growth:NA
- Last EPS Surprise:NA
- Next EPS Report date:NA
Our Take:
Gold Fields is a global gold miner with operating mines across Australia, Ghana, South Africa, and Peru, and a new mine in Chile. The ramp-up of the high-grade Salares Norte mine is the near-term swing factor. First gold was poured in 2024, and management has navigated weather-related commissioning challenges while targeting higher contributions into 2025–2026.
The Zacks Rank #1 captures improving earnings estimate revisions. Style Scores of C for Value and A for both Growth and Momentum indicate investors are rewarding improving fundamentals despite a richer multiple.
GFI’s chart shows a pronounced price breakout that coincides with rising 2025–2027 EPS estimates. The alignment of higher estimates with price strength suggests revisions are driving the move rather than pure multiple expansion. This is consistent with steadily normalizing performance at Salares Norte and resilient output elsewhere.
Stock #3
Newmont (NEM)
$83.30 USD -5.61 (-6.31%)
3-Year Stock Price Performance
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- Zacks Rank
- Strong Buy 1
- Style Scores
B Value C Growth A Momentum B VGM
- Market Cap: $95.58B (Large Cap)
- Projected EPS Growth: 62.36%
- Last Quarter EPS Growth: 14.40%
- Last EPS Surprise:32.56%
- Next EPS Report date: Feb. 19, 2026
Our Take:
Newmont is the world’s largest gold miner, reshaped by the Newcrest acquisition and a concurrent portfolio optimization to reduce debt and focus on Tier-1 districts in Australia and North America. Management has opted for asset sales and cost initiatives to streamline the combined footprint, while maintaining a base dividend framework and emphasizing capital discipline. The breadth of long-life, low-cost assets provides significant torque to sustained gold strength.
Its Zacks Rank #1 reflects favorable estimate revisions. Style Scores of B for Value and A for Momentum, with a C for Growth, point to improved sentiment as integration benefits and asset rationalization work through earnings.
On the chart, the stock’s uptrend is reinforced by a visible step-up in outer-year EPS estimates post-merger integration. That convergence of price with higher 2026–2027 consensus implies investors are recognizing synergy capture and portfolio high-grading as the main drivers of the story.
Stock #4
Triple Flag Precious Metals Corp. (TFPM)
$28.78 USD -0.08 (-0.28%)
3-Year Stock Price Performance
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- Zacks Rank
- Strong Buy 1
- Style Scores
D Value C Growth B Momentum D VGM
- Market Cap: $6.05B (Mid Cap)
- Projected EPS Growth:68.52%
- Last Quarter EPS Growth:20.00%
- Last EPS Surprise:14.29%
- Next EPS Report date:Nov. 4, 2025
Our Take:
Triple Flag is a gold-focused royalty and streaming company with a diversified portfolio anchored in the Americas and Australia. The platform has delivered record results as cornerstone assets like Northparkes and Cerro Lindo contribute, and the company augments its pipeline. Production began at the Johnson Camp Mine and Tres Quebradas in Q3 2025, consistent with guidance, marking Triple Flag’s first revenue from these assets and expanding its portfolio of cash-flowing operations.
Its Zacks Rank #1 reflects upward estimate revisions. Style Scores of D for Value, C for Growth, and B for Momentum suggest the market is paying up for defensive margins and visible growth, while price action confirms improving sentiment.
TFPM’s chart shows a persistent uptrend accompanied by rising 2026–2027 EPS estimates. The clean alignment between upward estimate revisions and price supports the view that portfolio additions and higher realized gold prices are translating into durable earnings power.
Stock #5
FrancoNevada (FNV)
$190.11 USD -1.20 (-0.63%)
3-Year Stock Price Performance
Premium Research for FNV
- Zacks Rank
- Strong Buy 1
- Style Scores
F Value D Growth A Momentum D VGM
- Market Cap:$36.61B (Large Cap)
- Projected EPS Growth:60.12%
- Last Quarter EPS Growth: 15.89%
- Last EPS Surprise: 12.73%
- Next EPS Report date: Nov. 3, 2025
Our Take:
Franco-Nevada is the leading gold-focused royalty and streaming company, delivering broad exposure to gold with minimal operating and inflation risk through a large, diversified portfolio that includes interests in Detour Lake, Tasiast, and other long-life assets. The company has navigated the Cobre Panamá disruption while maintaining portfolio breadth, balance-sheet strength, and ongoing deal activity to refresh growth.
Its Zacks Rank #1 highlights positive revisions, while Style Scores of F for Value, D for Growth, and A for Momentum show investors prioritizing quality and leverage to higher gold over near-term earnings growth.
On FNV’s chart, shares have recovered with 2026–2027 EPS estimates turning higher. The rising consensus lines alongside a renewed price uptrend reinforce the case for a resilient gold-levered compounder.
Methodology
The Zacks Rank is a proprietary stock-rating model that uses trends in earnings estimate revisions and earnings-per-share (EPS) surprises to classify stocks into five groups: #1 (Strong Buy), #2 (Buy), #3 (Hold), #4 (Sell) and #5 (Strong Sell). The Zacks Rank is calculated through four primary factors related to earnings estimates: analysts' consensus on earnings estimate revisions, the magnitude of revision change, the upside potential and estimate surprise (or the degree in which earnings per share deviated from the previous quarter).
Zacks builds the data from 3,000 analysts at over 150 different brokerage firms. The average yearly gain for Zacks Rank #1 (Strong Buy) stocks is +23.62% per year from January, 1988, through June 2, 2025.
Selections for Best Gold Stocks are based on the current top ranking stocks based on Zacks Indicator Score. For this list, only companies that have average daily trading volumes of 100,000 shares or more and at least five analysts covering the stock were considered. All information is current as of market open, Oct. 23, 2025.
Guide to Gold Stocks
Is it a good time to invest in gold stocks right now?
Given that gold prices are already elevated and many forecasts point to further upside, now is considered a “reasonable time” by many analysts to consider gold stocks. The leverage effect of mining companies means they may outperform bullion if gold continues to rise.
However, one must also be cautious: valuations for some stocks might already reflect part of the rally, and risks remain (see next). It’s prudent to size positions carefully and maintain diversification.
Benefits of investing in gold stocks
- Operational leverage: As gold prices climb, miners’ margins expand because cost per ounce is relatively fixed.
- Dividend potential: Some mature gold companies pay dividends or buy back shares, offering a yield component beyond price appreciation.
- Portfolio diversification: Gold stocks can reduce correlation with typical growth stocks, providing a hedge in volatile markets.
Risks of investing in gold stocks
- Operational & geological risk: Mining has many moving parts—cost overruns, mine disruptions, regulatory issues, jurisdiction risks.
- Gold-price risk: If gold falls or stagnates (for example due to higher interest rates), miners will suffer in the opposite direction—sometimes more steeply.
- Valuation risk: Stocks may already price in strong future gold prices; if those don’t materialize, downside exists.
Gold stocks vs Gold stocks ETF vs physical Gold
- Physical Gold: You own actual bullion; no company risk, but you incur storage & insurance costs, no dividends, and liquidity might be lower.
- Gold stocks: You get corporate leverage to gold price, potential dividends, but you assume company-specific risks.
- Gold ETFs (physical bullion): Track gold price directly, low cost, easy to trade, no storage issues—but they don’t offer dividends or operations upside.
- Gold-mining ETFs: Bundle many gold stocks—diversifies company risk but still carries mining equity risk—and may amplify upside or downside relative to bullion.
How to Select the Best Gold Stocks
When evaluating individual gold names:
- Check cost per ounce (all-in sustaining cost) and production profile.
- Verify debt levels and balance-sheet health.
- Look for a diversified asset base (geography, mine life).
- Dividend or buyback policy.
- Management track-record and governance.
- Valuation relative to peers and forward earnings.
Gold stocks vs Silver stocks: Which one is better?
Silver stocks offer exposure to both precious-metal demand and industrial applications (solar panels, EVs, electronics), which creates a different demand profile. That said, silver often underperforms gold during safe-haven rushes and may carry extra cyclicality. For investors focused purely on a hedge or safe-haven, gold stocks are often the preferred choice—but mixing both may enhance diversification.
Market Trend and Forecast about Gold Stocks
What factors are driving gold prices?
Key drivers include:
- Central-bank buying of gold as part of reserves diversification.
- A weak U.S. dollar and lower real interest rates make gold more attractive (because gold yields no interest).
- Geopolitical uncertainty and inflation concerns push investors toward safe-haven assets.
- For miners: higher gold price, stable or declining costs per ounce, improved cash flows.
How do gold stocks perform during inflation or recession?
Historically, gold and gold-stocks have had better relative performance during periods of high inflation or economic stress—thanks to their hedge status. In recessions, while equities may falter, gold may hold its value or rise, which can support gold stocks. That said, mining companies may face production or cost pressures during downturns, so while the metal may hold up, company risks still exist.
Are gold mining stocks undervalued right now?
According to some research, yes. For example, one note points out that while gold has rallied significantly, many mining companies’ valuations remain conservative relative to the metal’s price — offering potential upside if the rally continues.
Still, because many investors have already rotated into the sector, valuations may be less of a bargain than in past cycles.
Will rising Interest rates hurt gold mining companies?
Rising real (inflation-adjusted) interest rates typically increase the opportunity cost of holding non-yielding assets like gold, which can weigh on gold prices—and thus miners. Additionally, higher rates increase costs for mining firms that borrow. On the flip side, if higher rates reflect inflation-risk or weakness in the economy, gold may benefit. So the net impact depends on the underlying cause of rate increases.
Gold ETFs and Alternatives
Are gold ETFs better than individual gold stocks?
If your primary goal is to track the price of gold (for example as a hedge) rather than pick specific companies, ETFs that hold physical gold may be a simpler, lower-risk approach. They eliminate much of the company-specific risk inherent in mining stocks. On the other hand, stock exposure offers the possibility of outsized returns (when gold rises) via operational leverage—but also greater downside.
Should I invest in gold mutual funds or ETFs? Where is the difference?
- Gold ETFs typically offer direct exposure, low expense ratios, high liquidity, and transparent holdings.
- Gold mutual funds may invest in a mix of gold stocks, sometimes along with other precious-metal companies, and may have higher fees or minimums. For many self-directed investors, ETFs are more efficient.
Which is appropriate depends on your tax situation, jurisdiction, and preferred investment vehicle.
Should I invest in gold for diversification or growth?
Gold is most commonly used as a diversifier—to reduce portfolio risk, hedge inflation, or provide safe-haven exposure. If you’re seeking growth, gold stocks (especially mining companies) may offer upside—but with higher risk. Understand the role you want gold to play in your portfolio before choosing.
How do dividends from gold companies compare to other sectors?
Many gold mining companies may pay dividends or buy back shares, but yields generally tend to be lower than high-dividend sectors such as utilities or REITs. Because their cash-flows are heavily dependent on commodity prices, dividends may be more variable and less predictable. Royalty/streaming companies often offer steadier payouts.
Best way to diversify with silver in a portfolio
Silver provides a related yet distinct exposure: it is both a precious metal and an industrial metal. To diversify with silver: consider silver-mining stocks or silver ETFs; assess how it correlates with gold and your broader portfolio; keep allocation moderate since silver can be more volatile. Pairing gold and silver may add another dimension of diversification.
Should I invest $1,000 Right now in Gold Stocks and What Will It Look Like?
If you invest $1,000 today in a basket of gold stocks or a gold-stock oriented ETF, here’s a simplified illustration:
- Suppose gold rises by 20% over the next year and miners, benefiting from operational leverage, rise by 30%.
- A $1,000 investment grows to $1,300 (assuming no fees/dividends).
- If instead gold stagnates or falls 10%, miners might fall 15-20% due to the leveraged effect, and you’d end up around $800-$850.
This underlines both the opportunity and risk. A prudent approach: allocate only a portion of your portfolio (e.g., 5-10%) to gold stocks, have a longer time horizon (3-5 years or more), and monitor costs, valuations, the macro backdrop, and company fundamentals.
Common Questions About Gold Stocks
Do gold stocks pay dividends?
Yes—many established gold companies (especially large-caps or royalty/streaming firms) distribute dividends or execute buy-backs. However, payout levels depend on production, gold price, costs, and company capital allocation decisions.
What stocks are backed by gold?
While no stock is “backed” by gold in the same way that a bullion bar is backed, many mining companies’ profitability is tied directly to the gold price. Royalty or streaming companies may also offer quasi-“gold exposure” via agreements to buy gold production at fixed prices.
Is Warren Buffett buying gold?
Historically, Buffett has expressed skepticism toward gold as a productive investment and has favoured businesses generating cash flow rather than commodities per se. There’s no major reported shift recently indicating he’s investing heavily in gold or gold stocks. (As always, check the latest filings for updates.)
