Top 3 Picks
2026 Outlook
Looking ahead to 2026, the gold mining sector is poised for moderate growth driven by sustained high gold prices, projected to average $2,200 per ounce according to industry forecasts, fueled by ongoing inflationary pressures and central bank buying. Technological advancements, such as automated mining and AI-driven exploration, are expected to enhance operational efficiencies and reduce costs, potentially boosting sector-wide profitability by 15-20%. However, challenges like regulatory hurdles for environmental compliance and potential oversupply from new projects could temper gains, making selective investments key for outperformance.
Complete Rankings
| Rank | Stock | Score | Price | Market Cap |
|---|---|---|---|---|
|
1
|
Newmont Corporation
|
62.5 | $103.61 | $94.4B |
|
2
|
Coeur Mining, Inc.
|
60.9 | $18.54 | $12.1B |
|
3
|
Solitario Resources Corp.
|
59.2 | $0.72 | $62M |
|
4
|
McEwen Inc.
|
58.4 | $19.65 | $908M |
|
5
|
i-80 Gold Corp. Warrants, each warrant exercisable for one Common Share at an exercise price of $0.70
|
57.0 | $0.94 | -- |
|
6
|
Hycroft Mining Holding Corporation Class A Common Stock
|
56.0 | $27.95 | $348M |
|
7
|
Ur-Energy Inc.
|
54.4 | $1.62 | $642M |
|
8
|
i-80 Gold Corp.
|
54.3 | $1.50 | $774M |
|
9
|
Perpetua Resources Corp. Common Shares
|
54.3 | $26.47 | $2.2B |
|
10
|
NovaGold Resources Inc.
|
54.0 | $9.75 | $4.1B |
|
11
|
Trilogy Metals Inc
|
50.9 | $4.92 | $375M |
|
12
|
U.S. GoldMining Inc. Warrant
|
50.6 | $0.55 | -- |
|
13
|
Idaho Strategic Resources, Inc.
|
50.4 | $45.67 | $497M |
|
14
|
Gold Resource Corporation
|
50.1 | $0.93 | $134M |
|
15
|
U.S. GoldMining Inc. Common stock
|
50.0 | $9.28 | $160M |
In-Depth Analysis: Top Gold Mining Stocks
NEM
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company …
Newmont Corporation, as the world's largest gold miner, plays a pivotal role in the Gold Mining sector through its extensive portfolio of 17 wholly or majority owned mines and interests in two joint ventures, enabling significant production scale. Its strategic acquisitions, including Goldcorp in 2019 and Newcrest in 2023, have solidified its market dominance and expanded operational capabilities, making it a key influencer in global gold supply.
Newmont exhibits strong profitability with a 33.4% profit margin, indicating efficient cost management and high earnings relative to revenue, while a 22.9% return on equity demonstrates effective use of shareholder capital. The company's 20.0% revenue growth and a P/E ratio of 15.7 further underscore its solid financial health, balancing growth with reasonable valuation.
Investors should consider Newmont in 2026 given its 20.0% revenue growth, which signals ongoing expansion amid potential increases in gold prices driven by economic uncertainty. The 2023 acquisition of Newcrest enhances its mine portfolio, likely boosting production and profitability with a robust 22.9% ROE. Additionally, the stock's P/E ratio of 15.7 offers an attractive entry point for long-term gains in a sector poised for demand growth.
CDE
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United …
Coeur Mining Inc. matters in the Gold Mining sector as a key producer of gold and silver in the Americas, operating mines like Palmarejo, Rochester, and Wharf, which generate the majority of its revenue from these precious metals. Its focus on discovery and mining positions it as a vital player in meeting growing global demand for gold amid economic uncertainties.
Coeur Mining's 24.0% profit margin and 19.6% ROE indicate strong profitability and efficient equity utilization, reflecting solid financial health in a competitive sector. Additionally, the company's 76.9% revenue growth highlights its ability to expand operations effectively, though its 24.7 P/E ratio suggests a balanced valuation relative to earnings.
With a remarkable 76.9% revenue growth, Coeur Mining is poised for continued expansion in gold production by 2026, potentially capitalizing on rising precious metal prices and increasing demand. The 19.6% ROE demonstrates effective management and strong return potential, making it attractive for long-term investors seeking sector outperformance. Furthermore, the 24.0% profit margin supports sustained profitability, positioning the stock as a compelling buy in an evolving gold market.
XPL
Solitario Resources Corp is exploration company engaging in acquiring, exploring, and developing zinc properties and other precious metals in safe jurisdictions in North and South America. It has joint venture interests in large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources S.A., Golden Crest Project in South Dakota …
Solitario Resources Corp. matters in the Gold Mining sector as an exploration company with expertise in precious metals, including potential synergies with gold through its diversified projects in North and South America. Its joint venture interests in high-grade zinc projects like Florida Canyon enhance its role in the broader mining ecosystem, providing exposure to metals that often correlate with gold market dynamics.
Solitario's ROE of -20.2% highlights significant challenges in generating returns on equity, indicating potential inefficiencies in capital allocation and operational performance. Coupled with a revenue growth decline of -18.7%, this suggests strained financial health, though the Tradestie Score of 59.2 points to moderate overall investment appeal amid these concerns.
By 2026, investors should consider buying XPL due to the anticipated advancement of the Florida Canyon Zinc Project, which could unlock substantial value as global zinc demand grows, potentially driven by infrastructure and energy transitions. Solitario's strategic focus on safe jurisdictions minimizes geopolitical risks, enhancing long-term stability, while their exploration expertise in precious metals positions the company for upside in a recovering metals market, supported by the moderate Tradestie Score of 59.2 indicating untapped potential.
MUX
McEwen Inc, formerly McEwen Mining Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that …
McEwen Inc. matters in the Gold Mining sector due to its diversified operations across Argentina, Mexico, and the United States, focusing on gold and silver production from assets like the El Gallo mine, which positions it as a key player in supplying precious metals amid growing global demand.
McEwen Inc.'s profitability is concerning, with a negative profit margin of -7.2% and a return on equity of -2.4%, indicating operational losses and inefficient use of shareholders' equity; additionally, a revenue growth decline of -3.3% highlights challenges in expanding sales, potentially straining financial health in a volatile sector.
By 2026, rising gold prices driven by potential economic instability could boost McEwen Inc.'s revenue, especially given its strategic assets in multiple countries that mitigate regional risks and provide growth opportunities. The company's Tradestie Score of 58.4 suggests moderate upside potential if it improves operational efficiency to reverse its current negative metrics. Furthermore, as a focused precious metals producer, McEwen could capitalize on increasing demand for gold as an inflation hedge, making it an attractive buy for investors seeking sector exposure.
IAUX.WS
i-80 Gold Corp is a well-financed gold and silver producer engaged in the exploration, development, and production of gold, silver, and poly-metallic deposits. The Company's principal assets include the Ruby Hill Mine, Lone Tree Mine, Granite Creek Mine, and McCoy-Cove Project.
i-80 Gold Corp matters in the Gold Mining sector due to its diversified portfolio of operational mines like Ruby Hill and Lone Tree, which support consistent gold and silver production and position the company as a key contributor to North American mineral output. Its focus on exploration and development of poly-metallic deposits, including the McCoy-Cove Project, enhances its strategic importance in meeting rising demand for precious metals.
With a Tradestie Score of 57.0/100, i-80 Gold Corp exhibits moderate financial health, suggesting potential profitability from its producing assets despite the sector's volatility; however, limited available financial data indicates challenges in assessing long-term sustainability. The company's well-financed status supports ongoing operations, but this score reflects average performance compared to peers, highlighting the need for improved metrics in profitability.
By 2026, i-80 Gold Corp could see substantial growth from advancing projects like Granite Creek and McCoy-Cove, potentially increasing production capacity and driving revenue amid projected gold price increases due to global economic uncertainties. The warrants' $0.70 exercise price offers an attractive entry point, allowing investors to convert to common shares if the stock price exceeds this level, amplifying returns. Additionally, as a well-financed producer, the company is positioned to capitalize on sector trends, such as rising demand for gold, making it a compelling option for long-term portfolio diversification.
HYMC
Hycroft Mining Holding Corp is a gold and silver producer. Its operating mine, the Hycroft Mine, is an open-pit heap leach operation located approximately fifty four miles west of Winnemucca, Nevada.
Hycroft Mining matters in the Gold Mining sector as one of the few U.S.-based producers with an operational open-pit heap leach mine in Nevada, contributing to domestic gold and silver supply amid rising demand for precious metals. Its strategic location near established mining infrastructure positions it as a potential key player in North American gold production, especially with increasing exploration and development activities in the region.
Hycroft Mining's profitability is critically weak, as indicated by a ROE of -374.6%, which highlights significant losses and inefficient use of shareholders' equity, raising concerns about financial sustainability. Additionally, the company's revenue growth of -52.2% underscores operational challenges and declining sales, potentially exacerbated by market volatility and high production costs in the gold sector.
By 2026, escalating gold prices due to persistent inflation and geopolitical tensions could significantly enhance Hycroft Mining's revenue potential, given its established mine operations in Nevada. The company's Tradestie Score of 56.0 suggests a moderate upside if management implements operational efficiencies and cost reductions, potentially leading to improved profitability. Furthermore, as gold demand grows from investors seeking safe-haven assets, Hycroft's expansion opportunities in a resource-rich area could drive stock value appreciation.
URG
Ur-Energy Inc is engaged in uranium mining and recovery operations, with activities including the acquisition, exploration, development, and production of uranium mineral resources located in Wyoming. The company owns and operates the Lost Creek in-situ recovery uranium facility in south-central Wyoming, Lost Creek received an amendment to its license allowing the expansion of mining activities within the existing Lost Creek …
Ur-Energy Inc. is a key contributor to the broader mining sector through its focus on uranium extraction, which supports the global transition to nuclear energy as an alternative to traditional fossil fuels like those associated with gold mining operations. Its ownership and operation of the Lost Creek in-situ recovery facility in Wyoming position it as a vital player in securing uranium supplies amid increasing demand for clean energy sources.
Ur-Energy's profitability is deeply negative, with a -201.4% profit margin indicating substantial losses per dollar of revenue and a -65.2% ROE reflecting poor returns on shareholder equity, which highlights ongoing financial challenges. Despite a modest revenue growth decline of -1.2%, the company's Tradestie Score of 54.4/100 suggests mediocre overall financial health, warranting caution for potential investors.
By 2026, rising global demand for uranium driven by the expansion of nuclear power to meet climate goals could significantly boost Ur-Energy's production from its Lost Creek facility, potentially reversing recent revenue declines. The company's strategic Wyoming operations position it to capitalize on anticipated uranium price increases due to supply constraints and geopolitical factors. Additionally, as in-situ recovery expertise gives Ur-Energy a cost advantage, it may achieve operational efficiencies and profitability improvements in a tightening market.
IAUX
i-80 Gold Corp is a well-financed gold and silver producer engaged in the exploration, development, and production of gold, silver, and poly-metallic deposits. The Company's principal assets include the Ruby Hill Mine, Lone Tree Mine, Granite Creek Mine, and McCoy-Cove Project.
i-80 Gold Corp. matters in the Gold Mining sector as a well-financed producer with a diversified portfolio of assets like the Ruby Hill Mine and Lone Tree Mine, enabling it to actively explore and produce gold, silver, and poly-metallic deposits amid rising demand for precious metals.
Despite impressive revenue growth of 178.2%, i-80 Gold Corp.'s profitability is weak, evidenced by a -134.9% profit margin and -34.0% ROE, indicating significant operational losses and poor returns on shareholder equity that highlight the need for cost efficiencies to achieve financial stability.
i-80 Gold's exceptional 178.2% revenue growth, driven by its principal assets including the Granite Creek Mine, positions it for potential profitability by 2026 as gold prices are expected to rise due to economic factors. The company's well-financed status and ongoing development of projects like McCoy-Cove could lead to increased production and market share, making it an attractive option for investors seeking exposure to the gold sector's upside. With a Tradestie Score of 54.3, the stock offers a balanced risk-reward profile for those anticipating sector recovery and expansion.
PPTA
Perpetua Resources Corp is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine …
Perpetua Resources Corp. matters in the Gold Mining sector due to its Stibnite Gold Project, which features one of the highest-grade open-pit gold-antimony-silver deposits in the U.S., offering potential for significant production and strategic mineral supply amid growing demand for antimony in defense and technology applications.
Perpetua Resources' negative Return on Equity (ROE) of -14.5% indicates ongoing losses from exploration and development costs, reflecting weak profitability and financial strain common in early-stage mining projects. The Tradestie Score of 54.3/100 suggests moderate overall investment viability, pointing to average financial health that could improve with project advancements.
By 2026, investors should consider PPTA as the Stibnite Gold Project nears potential production, leveraging its high-grade deposits to benefit from projected gold price increases and rising antimony demand driven by global supply shortages. The project's focus on multiple metals could enhance revenue diversification and operational efficiency, potentially outperforming peers with a Tradestie Score of 54.3 indicating room for upside. Additionally, as a domestic U.S. asset, it aligns with policies promoting mineral security, positioning the stock for valuation growth amid sector tailwinds.
NG
Novagold Resources Inc operates in the gold mining industry, focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (Donlin Gold), a limited liability company owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The company includes exploration and development activities of gold and other presious metals.
Novagold Resources Inc. matters in the Gold Mining sector due to its 50% ownership in the Donlin Gold project, one of the largest undeveloped gold deposits globally with estimated proven and probable reserves of 39 million ounces, positioning it as a potential major supplier. Its partnership with Barrick Gold Corporation enhances its strategic importance by leveraging industry expertise for project advancement in a region rich with mineral resources.
Novagold's ROE of -129.1% highlights severe unprofitability, stemming from substantial development expenses for the Donlin Gold project without current revenue streams, indicating financial strain typical for pre-production mining firms. The Tradestie Score of 54.0/100 reflects moderate investment viability, suggesting that while the company faces high risks, its asset base could support long-term value if the project progresses successfully.
By 2026, investors should consider buying NG stock as the Donlin Gold project nears potential production, with its massive 39 million ounces of reserves poised to benefit from projected gold price increases driven by global inflation and economic instability. The collaboration with Barrick Gold mitigates operational risks and could accelerate project timelines, potentially delivering high returns if permitting and construction are completed on schedule. Additionally, as a development-stage asset in a sector with growing demand for gold as a safe-haven investment, NG offers upside potential if gold prices surpass $2,000 per ounce by that year.
Methodology
Stocks are ranked using the Tradestie Score, a proprietary 0-100 rating that combines fundamental quality (profitability, balance sheet strength), growth metrics (revenue and earnings growth), valuation (P/E, PEG ratio), and momentum factors. Scores are updated daily based on the latest market data. Learn more about our methodology.