Gold prices have rolled back from a record high of $1,900 earlier this year, but the uncertainty in Europe and inflationary pressures could drive the precious metal higher. Besides, though gold prices have rolled back, they are still up 20% in the last 12 months — a much better performance than the broader stock market.
I watch more than 5,000 publicly traded companies with my Portfolio Grader tool, ranking companies by a number of fundamental and quantitative measures. And this week, I’ve got 9 gold stocks to buy now.
Here they are, in alphabetical order. Each one of these stocks gets an “A” or “B” according to my research, meaning it is a “strong buy” or “buy.”
IAMGOLD Corp. (NYSE:IAG) is a global explorer, developer and producer of mineral resource properties. IAG stock rounds out this list with a year-to-date gain of 14%.
Minefinders Corp. (AMEX:MFN) explores, develops and mines precious and base metal properties. Year-to-date, MFN has impressed experts with a gain of 18%.
New Gold Inc. (AMEX:NGD) is an intermediate gold producer with assets in the United States, Mexico, Australia, Canada and Chile. Since the start of 2011, a 9% gain for NGD stock has left shareholders pleased.
Newmont Mining Corp. (NYSE:NEM) is a gold producer working in North America, South America, Africa and Asia. NEM stock has gained 7%, year-to-date.
Randgold Resources (NASDAQ:GOLD) operates mostly in Africa and is involved with gold mining and exploration. GOLD stock has climbed an impressive 20%, year-to-date, amidst a volatile economic landscape.
Royal Gold Inc. (NASDAQ:RGLD) acquires and manages precious metals royalties and other interests. RGLD stock has jumped more than 15%, year-to-date, despite a down economy.
Yamana Gold Inc. (NASDAQ:AUY) is involved with gold production and owns gold development stage properties, exploration properties, and land positions in Brazil. AUY stock has gained 11%, year-to-date, compared to a .6% drop for the Dow Jones.
Get more analysis of these picks and other publicly-traded stocks with Louis Navellier’s Portfolio Grader tool, a 100% free stock-rating tool that measures both quantitative buying pressure and eight fundamental factors.