Gold Stocks Are Dropping Hard, So I Ranked Canada’s Top 6
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Canadian gold stocks just got hit hard. Gold ran from under US$3,000 an ounce to above US$5,000 in about a year, and has now broken back below US$4,000 as markets price in higher interest rates.
So which gold stocks are actually worth owning, and is it better to buy a gold miner or a gold royalty and streaming company?
I ranked Canada’s six biggest gold stocks from S to E, one per tier: Agnico Eagle, Barrick Mining, Franco-Nevada, Kinross Gold, Lundin Gold and Wheaton Precious Metals.
Four are gold mining stocks and two are streaming and royalty companies, and they carry very different risks.
For every company I go through what happens to its margins if gold falls to US$2,500, its all-in sustaining costs (AISC), where its mines are, the balance sheet, buybacks, its dividend record through the last gold bear market, and the bull and bear case.
Along the way: Wheaton’s US$4.3 billion silver bet, Barrick’s plan to IPO its North American mines, the Ecuador mine Kinross sold for US$240 million that is now Lundin Gold, Agnico Eagle’s flip from net debt to US$3.4 billion of net cash, and the US$2 million royalty that still pays Franco-Nevada millions a year.
I’m Dan Kent, co-founder of Stocktrades.ca, one of Canada’s largest and most trusted investing platforms. I’ve been a self-directed investor since 2009, and through Stocktrades, I’ve helped tens of thousands of Canadians learn how to navigate the stock market, build wealth, and invest with confidence.
On this channel, I provide in-depth research, transparent analysis, and practical guidance — all focused on the Canadian stock market.
If you’re looking for help with:
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…you’re in the right place.
00:00:00 – Introduction
00:02:57 – Wheaton Precious Metals
00:09:20 – Barrick
00:16:10 – Kinross Gold
00:22:05 – Lundin Gold
00:27:23 – Agnico Eagle
00:34:46 – Franco-Nevada
00:41:11 – Final Rankings
4 Comments
Grab My ENTIRE Tier List (10+ Sectors) for free, in written format: https://www.stocktrades.ca/tier-list-collection/
Where do you rank the metal vs the producers?
Rick Rule's call to sell near the top will go down as one of the most epic calls in history, IMO. The entire market was foaming at the mouth for more, this guy sells. Legendary.
What gold dropping? I will only consider it dropping when FNV reaches 250
What is your opinion on junior minors? Any that peak your interest?