Best Gold Stocks to Buy for January 2026
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) |
|---|---|---|---|---|---|
| AngloGold Ashanti PLC (AU) | 72.61% | 14.66 | $107.02 | 41.33% | 22.49% |
| Aris Mining Corporation (ARMN) | 118.69% | 7.99 | $20.47 | 91.43% | NA |
| Allied Gold Corporation (AAUC) | 110.15% | 5.83 | $32.01 | 276.69% | 43.49% |
| Centerra Gold (CGAU) | 76.34% | 13.69 | $19.52 | 41.86% | NA |
| Kinross Gold (KGC) | 58.16% | 16.18 | $36.60 | 36.14% | 11.41% |
*Updated on January 29, 2026.
AngloGold Ashanti PLC (AU)
$107.02 USD -8.70 (-7.52%)
3-Year Stock Price Performance
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- Zacks Rank
Strong Buy 1
- Style Scores
C Value A Growth C Momentum B VGM
- Market Cap:$48.57 B (Large Cap)
- Projected EPS Growth:152.94%
- Last Quarter EPS Growth:5.60%
- Last EPS Surprise:-1.49%
- Next EPS Report date:Feb. 18, 2026
Our Take:
Reasons to Buy
AngloGold Ashanti is a global gold miner with diversified operations, offering direct leverage to bullion. Recent results underscored balance-sheet strength, with the company shifting to an adjusted net cash position and generating sharply higher free cash flow on the back of higher prices and improving operations.
Potential Risks
The stock is sensitive to gold-price swings, and a multi-jurisdiction footprint raises exposure to permitting delays, power and logistics constraints, and country risk.
Forecast
A Zacks Rank #1 (Strong Buy) points to favorable earnings-revision trends. Style Scores of A for Growth and C for Value point to improving profitability without deep value, while C for Momentum indicates some near-term volatility that long-term investors can tolerate, given rising cash generation. On AU’s Price, Consensus & EPS Surprise chart, shares have broken out as 2026–2027 EPS estimates move materially higher, confirming analysts’ improving outlook and aligning with management’s cash-flow gains and liquidity build.
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Aris Mining Corporation (ARMN)
$20.47 USD -0.94 (-4.39%)
3-Year Stock Price Performance
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- Zacks Rank
- Strong Buy 1
- Style Scores
C Value A Growth F Momentum C VGM
- Market Cap: $4.40 (Mid Cap)
- Projected EPS Growth: 311.76%
- Last Quarter EPS Growth: 39.13%
- Last EPS Surprise: 33.33%
- Next EPS Report date:March, 11, 2026
Our Take:
Reasons to Buy
Aris Mining operates the Segovia and Marmato underground gold mines in Colombia, with a pipeline led by Soto Norte and Toroparu that increases future gold exposure. In the latest quarter, Segovia’s ramp-up drove record revenue, cash flow, and profits, with management highlighting a well-funded build-out at Marmato, evidence that higher gold prices are translating into operating leverage.
Potential Risks
Colombia concentration raises execution and permitting risk: delays at Marmato, mill or mine interruptions at Segovia, or complications around local mining formalization could hit output and costs. Operational safety events can also be headline risks.
Forecast
A Zacks Rank #1 and Style Scores of A for Growth, F for Momentum and C for Value suggest earnings power is inflecting while shares remain choppy and not statistically “cheap.” The chart shows price momentum accelerating as 2026–2027 EPS tracks move up, and a recent green surprise following several red ones, pointing to improving expectations.
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Allied Gold Corporation (AAUC)
$32.01 USD +0.34 (1.07%)
3-Year Stock Price Performance
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- Zacks Rank
Hold 3
- Style Scores
B Value A Growth A Momentum A VGM
- Market Cap:$3.95 (Mid Cap)
- Projected EPS Growth:928.57%
- Last Quarter EPS Growth:107.14%
- Last EPS Surprise:-38.30%
- Next EPS Report date:March 30, 2026
Our Take:
Reasons to Buy
Allied Gold is an Africa-focused gold producer with assets including Sadiola in Mali and Bonikro and Agbaou in Côte d’Ivoire, offering direct exposure to a rising bullion. The last reported quarter delivered solid production with improving costs and a setup for a strong year-end. A healthy cash balance is expected to fund its near-term initiatives, which is important as the company integrates assets and optimizes mine plans.
Potential Risks
AISC remains high, so grade variability or consumables inflation could pressure margins quickly. Mali also carries political and regulatory uncertainty.
Forecast
A Zacks Rank #3 (Hold) with Style Scores of A across Value and Growth and B for Momentum signals a balanced profile. It indicates that the revisions are stable, valuation screens well and trend metrics are improving as execution tightens. The chart shows rising 2026–2027 EPS lines outpacing price, indicating room for catch-up if upcoming performances and expansions track guidance.
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Centerra Gold (CGAU)
$19.52 USD -0.53 (-2.64%)
3-Year Stock Price Performance
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- Zacks Rank
- Hold 3
- Style Scores
B Value A Growth A Momentum A VGM
- Market Cap:$4.01 B (Mid Cap)
- Projected EPS Growth:45.07%
- Last Quarter EPS Growth:32.00%
- Last EPS Surprise:50.00%
- Next EPS Report date:Feb. 19, 2026
Our Take:
Reasons to Buy
Centerra Gold is a gold-copper producer anchored by Öksüt in Türkiye and Mount Milligan in Canada, giving investors diversified gold exposure with meaningful copper credits. The latest quarter featured robust operating cash flow and free cash flow, supported by strong performance at Öksüt, while a new PFS extended Mount Milligan’s mine life to 2045 with a fully funded growth plan, bolstering long-duration optionality.
Potential Risks
Results depend on both gold and copper prices, and Türkiye adds geopolitical and permitting risk. Execution also matters as Centerra advances the Kemess and Goldfield projects.
Forecast
A Zacks Rank #3, along with Style Scores of A for Growth and Momentum and B for Value, suggests an appealing mix of improving fundamentals, supportive trends and reasonable valuation. The chart shows price catching up to sharply higher 2026–2027 EPS estimates, reflecting confidence in Mount Milligan’s extension and steady execution at Öksüt.
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Kinross Gold (KGC)
$36.60 USD -1.47 (-3.86%)
3-Year Stock Price Performance
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- Zacks Rank
- Hold 3
- Style Scores
C Value A Growth A Momentum A VGM
- Market Cap:$45.68 B (Large Cap)
- Projected EPS Growth: 154.41%
- Last Quarter EPS Growth: 0.00%
- Last EPS Surprise:12.82%
- Next EPS Report date:Feb. 18, 2026
Our Take:
Reasons to Buy
Kinross Gold is a diversified senior producer with flagship operations at Tasiast in Mauritania, Paracatu in Brazil, plus exposure to Kupol, La Coipa, and the Great Bear project, offering scale and liquidity to rising gold prices. In the last reported quarter, Kinross reported record free cash flow, ended with a net-cash position, and increased capital returns, evidence of stronger margins and disciplined allocation as gold prices climbed.
Potential Risks
KGC is highly sensitive to gold-price swings, and cost inflation or operational variability can pressure margins even in a favorable tape. Project execution and permitting also matter.
Forecast
A Zacks Rank #3 and Style Scores of A for Growth and Momentum and C for Value indicate that revisions and trends remain favorable even if traditional value screens are less compelling. KGC’s chart shows a persistent uptrend with higher 2026–2027 EPS estimates tracking above the share price, consistent with its cash-flow strength.
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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 were considered. All information is current as of market open, Jan. 29, 2026.
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.)
