Best gold stocks

These are the best gold stocks to buy in Canada.

There are a number of gold stocks on the TSX. If you’re not sure where to start, check out this list of the 10 best gold stocks to buy in Canada.

What you should know before buying gold stocks

This list of the best gold stocks is meant to help you conduct your own research in finding the best gold stocks to buy right now. It is not investment advice. No single stock or list of stocks will suit all investors, and we all have different goals and needs.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can go up and down in value.

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Best for Lowest Commissions

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Low margin rates
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Best for Low Fees

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How to buy gold in Canada

How did we pick the best gold stocks in Canada?

We used Finder’s proprietary algorithm to identify the best gold stocks and silver stock listed on the TSX based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins.

To avoid smaller, more speculative stocks, we only include companies with a market cap of more than CAD $200 million. In order to better compare historical data, we filtered out stocks that have been listed for less than five years.

We do not guarantee the performance or returns of any investment. Our methodology might filter out some good stocks, so our decision to include or exclude a stock from this list does not indicate whether it’s a good or bad investment. For more info about our algorithm, check out our stock ranking page.

The algorithm was last updated 27 January 2021. This list and data was compiled June 28, 2021.

Best gold stocks on TSX to watch in 2024


GoGold Resources Inc. (GGD.TO)

GoGold Resources Inc. engages in the exploration, development, and production of gold and silver in Mexico.
  • Market cap: C$415.205 million
  • YTD performance: -45.9%
  • 1 Year performance: 36.09%
  • 5 Year performance: 221.96%
  • P/E Ratio: N/A
  • Headquarters: Canada

Buy on Interactive Brokers

Jaguar Mining Inc (JAG.TO)

Jaguar Mining Inc., a junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. The company's principal assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex with mineral claims covering an area of approximately 56,000 hectares located in the Iron Quadrangle in the state of Minas Gerais.
  • Market cap: C$289.475 million
  • YTD performance: -55.18%
  • 1 Year performance: 156.87%
  • 5 Year performance: 3317.4%
  • P/E Ratio: 7.0192
  • Headquarters: Canada

Buy on Interactive Brokers

Aya Gold & Silver Inc (AYA.TO)

Aya Gold & Silver Inc., together with its subsidiaries, engages in the exploration, evaluation, and development of precious metals projects in Morocco. The company primarily explores for gold and silver deposits.
  • Market cap: C$1.54 billion
  • YTD performance: 238.39%
  • 1 Year performance: 60.38%
  • 5 Year performance: 1437.78%
  • P/E Ratio: 168.5714
  • Headquarters: Canada

Buy on Interactive Brokers

Sprott Physical Gold and Silver Trust (CEF.TO)

Sprott Physical Gold and Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management LP. The fund invests in commodity markets.
  • Market cap: C$6.852 billion
  • YTD performance: 37.44%
  • 1 Year performance: 57.3%
  • 5 Year performance: 94.14%
  • P/E Ratio: 17.7421
  • Headquarters: Canada

Buy on Interactive Brokers

China Gold International Resources (CGG.TO)

China Gold International Resources Corp. Ltd., a gold and base metal mining company, acquires, explores for, develops, and mines mineral properties in the People's Republic of China.
  • Market cap: C$2.236 billion
  • YTD performance: 286.56%
  • 1 Year performance: 43.23%
  • 5 Year performance: 1497.78%
  • P/E Ratio: N/A
  • Headquarters: Canada

Buy on Interactive Brokers

Endeavour Silver Corp. (EDR.TO)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals.
  • Market cap: C$1.652 billion
  • YTD performance: 2.68%
  • 1 Year performance: 247.74%
  • 5 Year performance: 380.56%
  • P/E Ratio: N/A
  • Headquarters: Canada

Buy on Interactive Brokers

B2Gold Corp (BTO.TO)

B2Gold Corp. operates as a gold producer company.
  • Market cap: C$4.971 billion
  • YTD performance: -47.03%
  • 1 Year performance: 20.56%
  • 5 Year performance: 24.77%
  • P/E Ratio: N/A
  • Headquarters: Canada

Buy on Interactive Brokers

Sprott Inc. (SII.TO)

Sprott Inc. is a publicly owned asset management holding company.
  • Market cap: C$1.496 billion
  • YTD performance: 60.99%
  • 1 Year performance: 42.59%
  • 5 Year performance: 2925%
  • P/E Ratio: 23.2648
  • Headquarters: Canada

Buy on Interactive Brokers

Calibre Mining Corp (CXB.TO)

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits.
  • Market cap: C$1.802 billion
  • YTD performance: -4.2%
  • 1 Year performance: 90%
  • 5 Year performance: 356%
  • P/E Ratio: 30.7143
  • Headquarters: Canada

Buy on Interactive Brokers

Copper Mountain Mining Corp (CMMC.TO)

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits.
  • Market cap: C$540.246 million
  • P/E Ratio: N/A
  • Headquarters: Canada

Buy on Interactive Brokers

Buy gold and silver stocks through an online broker

To invest in any of these gold stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.

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Name Product CAFST Available Asset Types Account Types Stock Trading Fee Account Fee Offer
Interactive Brokers
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Interactive Brokers
Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures
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CIBC Investor's Edge
Finder Score: 3.7 / 5: ★★★★★
OFFER
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint
$6.95
$0 if conditions met, or $100
Get 100 free trades when you open a CIBC Investor’s Edge account using promo code EDGE2425. Plus, get $200 or more cash back. Valid until March 31, 2025.
Moomoo Financial Canada
Finder Score: 3.9 / 5: ★★★★★
CASHBACK
Moomoo Financial Canada
Stocks, Options, ETFs
RRSP, TFSA, Personal
$0.014/stock
$0
Enjoy a 6% cash rebate, plus $2,200 in trading perks.
RBC Direct Investing
Finder Score: 3.8 / 5: ★★★★★
RBC Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, Business
$6.95 - $9.95
$0 if conditions met, otherwise $25/quarter
Questrade
Finder Score: 3.9 / 5: ★★★★★
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, Forex, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal
$4.95 - $9.95
$0
Qtrade Direct Investing
Finder Score: 3.6 / 5: ★★★★★
OFFER
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
RRSP, RESP, RRIF, TFSA, Personal, Joint
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get 1% cashback or more, a $100 sign-up bonus & unlimited free trades until December 31, 2024. Use code SUMMERBONUS2024.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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Publisher

Mackenzie Domazet is a Senior SEO Strategist at Forbes Advisor and former investments publisher at Finder. She has worked at one of Canada’s largest financial institutions, as well as one of the country's fastest growing fintech companies. She also films videos for the Investment Finder YouTube channel, where she explains financial concepts, reviews trading platforms and more. An active growth investor, Mackenzie has been investing on her own since she was 18. She has a bachelor’s degree in business and is an avid runner and reader. See full bio

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