From NASDAQ MarketSite: 2025-05-30 07:43:00

Gold prices have been on the rise, hitting $3,415.57/ounce on May 5 and hovering around $3,300/ounce. This surge is driven by concerns over U.S. debt, weak demand for treasury bonds, and a falling dollar. Central banks are buying gold, and demand in various industries is increasing, creating a potential supply-demand imbalance.

Investing in gold mining stocks with a favorable Zacks Rank is recommended, with top picks like Franco-Nevada Corp., Newmont Corp., Kinross Gold Corp., Royal Gold Inc., and Agnico Eagle Mines Ltd. Gold prices are benefiting from low interest rates, geopolitical conflicts, and a weak U.S. dollar, with forecasted prices reaching $4,000/ounce by 2026.

Among the top picks, Franco-Nevada Corp. is expected to see strong earnings growth, driven by streaming agreements and a debt-free balance sheet. Newmont Corp. is making progress on growth projects like the Tanami expansion, while Kinross Gold Corp. has a promising production profile and expansion projects. Royal Gold Inc. benefits from solid streaming agreements, and Agnico Eagle Mines Ltd. focuses on growth projects and acquisitions.

The outlook for the gold mining industry is positive, with potential for significant growth in production and cash flow. The merger between Agnico Eagle Mines Ltd. and Kirkland Lake Gold positions the company as a top gold producer. Analysts expect revenue and earnings growth for these top picks, making them attractive investments for bullish momentum in the gold market.



Read more at NASDAQ MarketSite: Gold Likely to Shine More on Demand Supply Imbalance: 5 Top Picks