Not in a Rush to Buy Gold? 5 Stocks to Buy on the Dip

Gold Market Overview - Gold prices have reached all-time highs, surpassing $3,050 per ounce in March 2025, driven by fears of trade wars and a flight to safety, with a year-to-date increase of 15% as tracked by the SPDR Gold Shares ETF [1] Company Analysis: Newmont - Newmont, the world's largest gold miner, has seen its stock rise by 27.2% year-to-date as of March 21, 2025, significantly outperforming the S&P 500 index, which is down 3.77% [2] - In 2024, Newmont produced 6.8 million ounces of gold, with a cash position of $3 billion and liquidity of $9 billion, trading at a P/E of 16.12 and a dividend yield of 2.12% [4][8] - Despite gold prices hitting record highs, Newmont's stock is not trading near its all-time highs, indicating potential for further growth [2] Company Analysis: Freeport-McMoRan - Freeport-McMoRan is a major producer of both gold and copper, with a stock forecast indicating a 24.89% upside potential [5] - In 2024, Freeport produced 1.9 million ounces of gold and 4.2 billion pounds of copper, but its shares were only up 5.7% year-to-date as of March 21, 2025 [7] Company Analysis: Kinross Gold - Kinross Gold operates with an all-in-sustaining cost (AISC) of $1,360 per ounce, below the industry average of $1,400 to $1,500, indicating efficient operations [10] - The company expects a full-year 2024 gold equivalent production of 2.1 million ounces and closed the year with $611 million in cash and $2.3 billion in liquidity [10][11] Company Analysis: Aris Mining - Aris Mining is a low-priced Canadian gold mining stock, with an AISC of $1,485 per ounce and a production of 210,955 ounces of gold in 2024 [15] - The company is scaling up capacity and expects total production in 2025 to range between 230,000 and 275,000 ounces, up from 211,000 in the previous year [15]