5 Best-of-Breed Gold Stocks to Buy Now

Gold prices have endured an up-and-down 2019 that has seen the yellow metal surge for the first couple months before sliding to a slight year-to-date loss.

Small gold nuggets in an antique measuring
(Image credit: Getty Images)

Gold prices have endured an up-and-down 2019 that has seen the yellow metal surge for the first couple months before sliding to a slight year-to-date loss. Still, gold stocks – the mining companies that actually produce the shiny commodity – are worth a look right now.

A little exposure to gold can help your portfolio. And one way to get that exposure is via mining companies, whose results are heavily tied to the metal’s price but can also stand out from one another based on their management, operational efficiency and economies of scale.

Prices, while slightly lower this year, remain well off their two-year lows set in August 2018, sitting roughly in the middle of their three-year range. Moreover, gold and gold stocks remain a hedge against market, economic and geopolitical turmoil here and abroad. Choose your catalyst: failure to reach a trade deal with China, saber-rattling on the Korean peninsula, a no-deal Brexit, new Russian incursions. Any of these could help gold regain its moxie.

Here are five gold stocks to buy to take advantage of additional sparks in the yellow metal. All five stand out as some of the best operators in the space, and all do something that gold itself can’t do: pay cash dividends.

Data is as of May 6. Dividend yields are calculated by annualizing the most recent monthly payout and dividing by the share price.

Ken Berman
Contributing Writer, Kiplinger.com
Email: ken.berman@gorillatrades.com
Website: gorillatrades.com (opens in new tab)
LinkedIn: Gorilla Trades (opens in new tab)
Phone: (866) 222-6639

Ken Berman has been buying and selling stocks since he was a teenager and met with early success trading then-fledgling biotech stocks like Amgen, Biogen and Immunex. He later became a broker and worked for two wire houses, where he developed a proprietary system for buying and selling equities. In 1999, Mr. Berman formalized his method under the Gorilla Trades name and now has subscribers in the U.S. and 55 other countries around the world.