Best online brokers & platforms to buy gold stocks in July 2024

How to buy gold stocks and ETFs

1. Compare investing platforms. Narrow down top platforms that fit your goals and offer investing in gold.
2. Open your brokerage account. Complete an application with your personal and financial details.
3. Confirm your payment details. Link an account to fund your trades.
4. Research the stock. Find the stock or ETF by name or ticker symbol and determine if it’s a good investment for you.
5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches your desired price.
6. Check in on your investment. Optimize your portfolio by tracking your stock.

Best brokers for gold stocks & ETFs

Compare minimum deposits, fees and signup bonuses among top trading platforms.

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What are gold stocks and ETFs?

Investors who don’t want to take delivery of physical gold or pay to have it stored in a third-party vault may decide to buy shares in gold stocks or ETFs. Gold stocks and ETFs typically comprise the following:

• Gold mining companies. These companies specialize in the exploration, mining and selling of physical gold. Mining stocks allow you to directly link your capital to the success of these mines and the changing value and price of gold. Many offer the added benefit of dividends.
• Gold-focused ETFs. These funds invest in gold mining companies, physical gold or both, giving investors access to a wide array of assets through a single investment.
• Gold royalty and streaming companies. These companies provide mining companies with capital to expand or develop their projects and, in return, receive a percentage of the mine’s revenue or gold production.

Top gold stocks and ETFs for 2023

Company (Ticker)	Market Cap	Price	Dividend Yield	52-wk high	52-wk low
Anglogold Ashanti (AU.US)	11.82 billion	$26.82	1.35%	$30.09	$14.78
DRDGold (DRD.US)	0 billion	$9.65	4.56%	$11.16	$6.39
Gold Fields (GFI.US)	0 billion	$15.98	2.64%	$18.96	$10.16
Franco Nevada (FNV.US)	0 billion	$122.77	1.15%	$146.99	$101.65
Royal Gold (RGLD.US)	0 billion	$133.72	1.15%	$140.94	$99.91
Royal Gold (GLD.US)	0 billion	$219.02	0%	$229.65	$168.3

Here are some of the top gold stocks and ETFs for 2023. Information is accurate as of March 2, 2023.

Newmont (NEM)

Colorado-based Newmont is the world’s largest gold mining company based on production and market cap and the only gold producer included in the S&P 500 index. The company operates mines in North America, South America, Australia and Africa and holds reserves of over 96 million gold ounces as of the end of 2022. Most recently, Newmont’s Coffee Gold Project — a proposed open-pit and heap leaching gold development project located in west-central Yukon — was approved by Canadian federal and territorial governments. The proposed mine will be capable of producing roughly 67 million tons of ore over the project’s lifecycle, according to the CBC.

• Price: $44.10 as of market close March 1, 2023*
• 52-week range: $37.45 to $86.37*
• Performance YTD: -11.05%*
• Dividend yield: 3.67%*
• Analysts’ opinion: 2 Strong Buys, 9 Buys and 7 Holds*
• Analysts’ consensus recommendation: Hold*
• Analysts’ average price target: $74.03*

*Compiled using data from Yahoo Finance

Franco-Nevada (FNV)

Franco-Nevada is a leading gold-focused royalty and streaming company. In the third quarter of 2022, precious metal revenue accounted for 67.9% of the company’s revenue of which 54.7% was from gold.

Headquartered in Canada, Franco-Nevada provides investors with dividends and exposure to gold price and exploration optionality. The company’s portfolio comprises 404 assets covering roughly 63,000 square kilometers, primarily throughout North America, South America, Africa and Australia. While Franco-Nevada doesn’t perform mining operations, it receives revenue through various agreements. These include: net smelter return royalties, streams, net profit interests, net royalty interests and working interests.

• Price: $133.82 as of market close March 1, 2023*
• 52-week range: $109.70 to $169.32*
• Performance YTD: -3.13%*
• Dividend yield: 1.02%*
• Analysts’ opinion: 1 Buy and 5 Holds*
• Analysts’ consensus recommendation: Hold*
• Analysts’ average price target: $142.65*

*Compiled using data from Yahoo Finance

SPDR Gold Shares (GLD)

The SPDR Gold Shares ETF is the largest physically backed gold ETF globally, with over $63 billion in assets under management. It aims to track the performance of gold bullion and has over 34 million ounces of vaulted gold in its custody. The fund has been operating since 2004.

• Price: $170.76 as of market close March 1, 2023*
• 52-week range: $150.57 to $193.30*
• Performance YTD: -0.18%*
• Dividend yield: 0%*
• Net assets: $56.7 billion
• Expense ratio: 0.40%

*Compiled using data from Yahoo Finance

Bottom line

If you’re searching for ways to protect your wealth or diversify your investments, gold bullion, stocks and ETFs may be a practical addition to your portfolio. These securities provide a means to add gold exposure to your portfolio, either through physical acquisition or exposure through the stock market. Regardless of how you choose to invest in gold, remember that, like all investments, it carries risk.