13 Best Gold Mining Companies to Invest In Now

Core Viewpoint - Gold prices are experiencing significant increases in 2025, the largest since the 1979 oil crisis, driven by portfolio diversification, expectations of further gains, and macroeconomic factors such as a weaker dollar and efforts to reduce the US current account deficit [1][2]. Gold Price Forecasts - Morgan Stanley predicts gold could reach $4,500 per ounce by mid-2026, while JP Morgan forecasts average prices to exceed $4,600 in Q2 2026 and rise above $5,000 by Q4 2026 [3]. - Metals Focus also anticipates gold reaching $5,000 by the end of 2026, with Nicky Shiels from MKS PAMP expecting an average of $4,500 in 2026 [3]. - Macquarie economists, however, expect a slower pace of gains, forecasting an average of $4,225 in 2026 due to more stable global conditions and improving economic growth [3]. Investment Opportunities in Gold Mining Companies - A list of the 13 best gold mining companies to invest in has been compiled based on stock screeners, financial media reports, and hedge fund sentiment data [6]. - The methodology involved ranking companies based on the number of hedge funds holding stakes as of Q3 2025 [6]. Company Highlights - Eldorado Gold Corporation (NYSE:EGO): - Ranked among the best gold mining companies, with a price target increase from $38 to $47 by RBC Capital [9]. - Increased total proven and probable gold reserves by 5% to 12.5 million ounces, driven by the Kisladag mine and Lamaque Complex [12]. - Despite a price target increase from $28 to $29, BofA maintains an Underperform rating due to risks associated with the Skouries project [13]. - AngloGold Ashanti plc (NYSE:AU): - Also ranked among the best, with price target increases from various firms, including Roth MKM raising it from $84 to $92 [14]. - Citi increased its price target from $90 to $105, and RBC Capital raised it from $85 to $104, maintaining Buy ratings [16].