The stocks outlined above are traded on U.S. Our curated list of the best gold stocks is built using strict criteria. Since the company’s earnings fluctuate significantly from year to year, P/E shouldn’t be used in isolation for understanding the stock’s fundamentals. Rio could be considered a value stock since it currently offers a wildly low P/E ratio of 4.2. Meanwhile, a solvency ratio of 103% shows that the company is healthy and capable of paying short-term and long-term liabilities. On the fundamental side, five years of increasing sales and three years of rising earnings per share (EPS) are positive signs. Like Southern Copper, RIO’s dividend payout tends to change each year, although it’s been on an overall upward trajectory since 2010. The stock offers the highest dividend yield on the list at 14.5%.
They’re currently about 40% off the 2021 high. Until setting the last all-time high in 2021, shares of RIO had been on a sustained upswing since 2016. While the company hardly even breaks the top 10 list of the biggest gold miners, its fundamentals and decent gold output make it an attractive option. Rio Tinto is best known for iron ore production, but in 2021 the company pulled more than 340,000 ounces of gold out of the ground. SCCO’s current P/E ratio of 10.8 is at its lowest level in five years. Since their earnings are erratic, gold and metal stocks aren’t particularly well suited to analysis using the price-to-earnings (P/E) ratio. Values above 20% mean the company can easily stay solvent. The ratio is calculated using net income, depreciation, current liabilities and long-term debt. Note that Southern Copper’s dividend payout is erratic and changes almost yearly.Ī solvency ratio of 39% shows that SCCO can easily cover short-term and long-term debt obligations. The stock currently offers a nearly 11% dividend yield, the second highest on our list after Rio Tinto.
Six years of increasing sales and three years of rising earnings per share (EPS) are positive signs on the fundamental side. Many gold stocks peaked in 2011 and are below those highs, but even after the 2022 pullback, SCCO is above its 2011 highs. Shares of SCCO have sustained a long-term upward trajectory since at least 2009, although the stock has fallen more than 40% from its last all-time high in early 2021. Southern Copper is among the top five global copper producers, although the company also produces large quantities of gold and silver.
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