Gold stocks are companies that mine, sell, or finance the extraction of gold. Gold is one of the oldest forms of currency in the world. The metal’s physical characteristics combined with its relative rarity have made it a financial instrument, and even though gold is not used as a currency anymore, it is still used by central banks and investors as an alternative to the ultimate safe haven currency, the U.S. dollar.
Gold stocks don’t always follow the price of gold. In other words, just because gold prices are low doesn’t mean your gold stocks will suffer. More accurately, your gold stocks will follow the performance of the underlying mining companies themselves.
A stock is an ownership interest in a corporation that represents a claim on its earnings and assets. However, please note that stock prices and other information can change rapidly, and you should always conduct your own research and consult with a financial advisor before making any investment decisions.
What are the Best Gold Stocks in Canada?
- AEM.TO: Agnico Eagle Mines Limited
- FNV.TO: Franco-Nevada Corporation
- WPM.TO: Wheaton Precious Metals Corp.
- ABX.TO: Barrick Gold Corporation
- BTO.TO: B2Gold Corp.
- AGI.TO: Alamos Gold Inc.
- K.TO: Kinross Gold Corporation
- OR.TO: Osisko Gold Royalties Ltd
- OLA.TO: Orla Mining Ltd.
- ARIS.TO: Aris Mining Corporation
Here is a table comparing similar Canadian gold stocks.
| Company |  |  |  |
| Ticker | BTO | LUG | PRU |
| Beta | 0.98 | 0.95 | 0.86 |
| EV/EBITBA | 3.86 | 6.15 | 5.19 |
| P/E | 17.02 | 13.24 | 22.15 |
| Yield (%) | 0.00 | 0.00 | 0.46 |
| P/B | 1.38 | 2.77 | 1.63 |
| P/S | 2.37 | 2.85 | 2.43 |
| C/S | 0.51 | 1.28 | 0.31 |
| Current | 5.21 | 1.78 | 3.68 |
| Margin (%) | 43.61 | 48.51 | 50.12 |
| 1YR (%) | -12.43 | 33.47 | 10.76 |
| ROIC (%) | 1.95 | -3.36 | 8.64 |
| REV Y/Y (%) | -2.88 | 7.47 | 60.87 |
10. Aris Mining Corporation
Aris Mining Corporation together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. High growth potential with proven track record.
9. Orla Mining Ltd.
Orla Mining Ltd. of Canada operates as a mineral exploration company. The Company focuses on acquiring mineral exploration opportunities.
8. Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and streams. The company also invests in mineral exploration companies in the form of purchases of shares.
7. Kinross Gold Corporation
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the “10 Top Gold-mining Companies” of 2019 by InvestingNews.
6. Alamos Gold Inc.
Canadian-based intermediate gold producer with three operating mines in North America. Alamos is listed on the TSX and NYSE under the symbol AGI. Mining Company Toronto, Ontario alamosgold.com Joined January 2019.
5. BTO.TO: B2Gold Corp.
B2Gold Corp. (BTO.TO) is a Canadian mining company that operates in several countries around the world, including Mali, Namibia, the Philippines, Colombia, and Burkina Faso. The company primarily produces gold and also has exploration and development projects for other minerals. B2Gold Corp. was founded in 2007 and is headquartered in Vancouver, Canada.
4. Barrick Gold Corporation
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada.
3. Wheaton Precious Metals Corp.
Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies as a by-product of their main operations.
2. Franco-Nevada Corporation
Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange.
1. Agnico Eagle Mines Limited
Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland, Australia and Mexico and exploration and development activities extending to the United States. Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales.
