Whois looking at Gold stocks at Covid continues to decimate the economy: Some of the major players in the gold industry include mining companies Franco Nevada Corp. (FNV), Newmont Corp. (NEM), and Newcrest Mining Ltd. (NCM).
Gold stocks, as represented by the VanEck Vectors Gold Miners ETF (GDX), have dramatically outperformed the broader market. GDX has provided a total return of 38.7% over the past 12 months, well above the Russell 1000's total return of 15.9%, as of October 26.1? All statistics in the tables below are as of October 27.
Here are the top 3 gold stocks with the best value, the fastest growth, and the most momentum.
Best Value Gold Stocks
These are the gold stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.
Best Value Gold Stocks
Price ($) Market Cap ($B) 12-Month Trailing P/E Ratio
Sibanye Stillwater Ltd. (SBSW) 12.28 9.0 3.3
Jaguar Mining Inc. (JAG.TO) CA$7.85 CA$0.6 9.4
Barrick Gold Corp. (ABX.TO) CA$35.13 CA$62.5 10.5
Source: YCharts
