Gold industry stocks
55 companies in the Gold industry. 30 have a published intrinsic value and 21 trade at least 20% below it.
The median company in Gold with a published value trades 44% below our estimate of intrinsic value.
Values as of the 22 Sept 2026 close.
Most undervalued stocks in Gold
- Caledonia Mining Corp Plc (CMCL): undervalued, +80% margin of safety
- OceanaGold Corp (OGC): undervalued, +74% margin of safety
- Harmony Gold Mining Co Ltd ADR (HMY): undervalued, +72% margin of safety
- B2gold Corp (BTG): undervalued, +67% margin of safety
- Fortuna Mining Corp (FSM): undervalued, +67% margin of safety
- Gold Fields Ltd ADR (GFI): undervalued, +65% margin of safety
- DRDGold Ltd ADR (DRD): undervalued, +62% margin of safety
- Aris Mining Corp (ARIS): undervalued, +58% margin of safety
- Iamgold Corp (IAG): undervalued, +55% margin of safety
- Centerra Gold Inc (CGAU): undervalued, +51% margin of safety
Liquid names only: at least $1M traded a day and $50M of market value.
Largest companies in Gold
- Newmont Corp (NEM): undervalued, +46% margin of safety
- Agnico Eagle Mines Ltd (AEM): undervalued, +44% margin of safety
- Barrick Mining Corp (B): undervalued, +49% margin of safety
- Wheaton Precious Metals Corp (WPM): overvalued, -57% margin of safety
- AngloGold Ashanti Plc (AU): undervalued, +48% margin of safety
- Franco-Nevada Corp (FNV): overvalued, -58% margin of safety
- Gold Fields Ltd ADR (GFI): undervalued, +65% margin of safety
- Kinross Gold Corp (KGC): undervalued, +47% margin of safety
- Royal Gold Inc (RGLD): slightly undervalued, +13% margin of safety
- Pan American Silver Corp (PAAS): undervalued, +41% margin of safety
- Coeur Mining Inc (CDE): slightly overvalued, -13% margin of safety
- Alamos Gold Inc (AGI): undervalued, +44% margin of safety
- Equinox Gold Corp (EQX): undervalued, +23% margin of safety
- Harmony Gold Mining Co Ltd ADR (HMY): undervalued, +72% margin of safety
- Iamgold Corp (IAG): undervalued, +55% margin of safety
- Eldorado Gold Corp (EGO): slightly undervalued, +19% margin of safety
- SSR Mining Inc (SSRM): undervalued, +32% margin of safety
- Aura Minerals Inc (AUGO): undervalued, +29% margin of safety
- B2gold Corp (BTG): undervalued, +67% margin of safety
- OR Royalties Inc (OR): overvalued, -48% margin of safety
- OceanaGold Corp (OGC): undervalued, +74% margin of safety
- Centerra Gold Inc (CGAU): undervalued, +51% margin of safety
- Aris Mining Corp (ARIS): undervalued, +58% margin of safety
- Fortuna Mining Corp (FSM): undervalued, +67% margin of safety
- Seabridge Gold Inc (SA): no published value
- Novagold Resources Inc (NG): no published value
- Allied Gold Corp (AAUC): not valued
- DRDGold Ltd ADR (DRD): undervalued, +62% margin of safety
- Hycroft Mining Holding Corp (HYMC): no published value
- i-80 Gold Corp (IAUX): not valued
- Elemental Royalty Corp (ELE): overvalued, -376% margin of safety
- Collective Mining Ltd (CNL): no published value
- Dakota Gold Corp (DC): no published value
- Mako Mining Corp (MAKO): undervalued, +44% margin of safety
- Osisko Gold Group Inc (OGG): not valued
- Gold Royalty Corp (GROY): not valued
- International Tower Hill Mines Ltd (THM): no published value
- New Found Gold Corp (NFGC): not valued
- Contango Silver & Gold Inc (CTGO): no published value
- Gold X2 Mining Inc (AUXX): no published value
- Galiano Gold Inc (GAU): no reliable verdict
- Idaho Strategic Resources Inc (IDR): slightly overvalued, -8% margin of safety
- Caledonia Mining Corp Plc (CMCL): undervalued, +80% margin of safety
- Goldgroup Mining Inc (GORO): overvalued, -1580% margin of safety
- TRX Gold Corp (TRX): not valued
- Vista Gold Corp (VGZ): no published value
- U.S. Gold Corp (USAU): no published value
- GoldMining Inc (GLDG): no published value
- Mayfair Gold Corp (MINE): no published value
- Paramount Gold Nevada Corp (PZG): no published value
- Fury Gold Mines Ltd (FURY): no published value
- Namib Minerals (NAMM): no published value
- Scorpio Gold Corp ADR (SGLD): no published value
- Austin Gold Corp (AUST): no published value
- Blue Gold Ltd (BGL): no published value
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