ZACKS·2026-02-04 16:02Core Insights - Gold prices have shown recovery after a sharp decline, closing above $5,000/Oz, supported by geopolitical tensions and a weak U.S. dollar [1][9] - Year-to-date, gold prices have increased nearly 15%, positively impacting gold mining stocks [2][9] - Central banks are actively purchasing gold to bolster reserves amid rising global debt and economic uncertainties [4][5] Gold Mining Stocks - Five notable gold mining stocks include AngloGold Ashanti plc (AU), Gold Fields Ltd. (GFI), New Gold Inc. (NGD), DRDGOLD Ltd. (DRD), and Gold Royalty Corp. (GROY), all carrying favorable Zacks Ranks [3][9] - AngloGold Ashanti (AU) has an expected revenue growth rate of 22.5% and earnings growth rate of 52.9% for the current year, with earnings estimates improving by 8.9% [10][11] - Gold Fields (GFI) is projected to have revenue and earnings growth rates exceeding 100%, with earnings estimates improving by 9.2% [12] - New Gold (NGD) anticipates a revenue growth rate of 10.2% and earnings growth rate over 100%, with earnings estimates improving by 15.5% [13] - DRDGOLD (DRD) expects a revenue growth rate of 67.8% and earnings growth rate over 100%, with earnings estimates improving by more than 100% [14][15] - Gold Royalty Corp. (GROY) forecasts revenue and earnings growth rates exceeding 100%, with earnings estimates improving by 12.5% [16] Market Dynamics - The gold mining industry is facing supply constraints due to a scarcity of new deposits and lengthy exploration processes [6] - Increased industrial demand for gold in sectors like energy and healthcare is expected to contribute to a demand-supply imbalance, further driving gold prices [7]