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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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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$402.023 million
- YTD performance: -54.09%
- 1 Year performance: 15.47%
- 5 Year performance: 173.18%
- P/E Ratio: N/A
- Headquarters: Canada
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$180.823 million
- YTD performance: -72.63%
- 1 Year performance: 56.87%
- 5 Year performance: 1677.78%
- P/E Ratio: 4.3019
- Headquarters: Canada
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$1.535 billion
- YTD performance: 200.98%
- 1 Year performance: 28.91%
- 5 Year performance: 1267.78%
- P/E Ratio: 130.5556
- Headquarters: Canada
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$6.911 billion
- YTD performance: 38.72%
- 1 Year performance: 58.76%
- 5 Year performance: 95.94%
- P/E Ratio: 18.0368
- Headquarters: Canada
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$2.621 billion
- YTD performance: 263.98%
- 1 Year performance: 34.87%
- 5 Year performance: 1404.45%
- P/E Ratio: N/A
- Headquarters: Canada
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$1.401 billion
- YTD performance: -15.13%
- 1 Year performance: 187.44%
- 5 Year performance: 297.23%
- P/E Ratio: N/A
- Headquarters: Canada
B2Gold Corp (BTO.TO)
B2Gold Corp. operates as a gold producer company.- Market cap: C$4.708 billion
- YTD performance: -50.8%
- 1 Year performance: 11.97%
- 5 Year performance: 15.88%
- P/E Ratio: N/A
- Headquarters: Canada
Sprott Inc. (SII.TO)
Sprott Inc. is a publicly owned asset management holding company.- Market cap: C$1.526 billion
- YTD performance: 63.6%
- 1 Year performance: 42.12%
- 5 Year performance: 2974%
- P/E Ratio: 23.1815
- Headquarters: Canada
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$1.835 billion
- YTD performance: -3.36%
- 1 Year performance: 91.67%
- 5 Year performance: 360%
- P/E Ratio: 31.2857
- Headquarters: Canada
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 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.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.
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