Gold prices surged to a 3-week high during Asian trading on Wednesday, April 8, after President Donald Trump agreed to a two-week ceasefire with Iran. The U.S. dollar weakened, oil prices dropped over 15%, and safe haven demand lifted precious metals. At the time of writing, Spot Gold prices climbed 2.10% to $4,800 per ounce, while U.S. gold futures rose about 2.5% to $4,849 per ounce.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Ahead of the 8 p.m. deadline set by Trump, he posted on Truth Social (DJT) that the U.S. would pause planned strikes on Iran’s civilian infrastructure, such as bridges and power plants. The U.S. and Iran agreed to a two-week ceasefire, conditional on Iran reopening the Strait of Hormuz for safe passage of vessels. At the same time, Israel and the U.S. must stop all hostilities against Iran.
Amid the chaos, investors can consider these 3 Strong Buy Gold stocks: B, NEM, and KGC, offering more than 30% upside potential over the next twelve months.
Barrick Mining (B)
Barrick Mining owns some of the world’s largest Tier 1 gold and copper mines. It also pays a quarterly dividend of $0.175 per share, reflecting a yield of 1.15%.
In 2025, gold production fell 17% to 3.26 million ounces, while copper output rose 13% to 220,000 tonnes. For 2026, the company guides 2.9–3.25 million ounces of gold and 190,000–220,000 tonnes of copper.
On TipRanks, B stock has a Strong Buy consensus rating based on 13 Buys and three Hold ratings. The average Barrick Mining price target of $58.81 implies 42.1% upside potential from current levels.
Newmont Corp. (NEM)
Newmont is the world’s top gold producer by output and reserves. Its operations span across five continents, mining gold, copper, silver, zinc, and lead. NEM pays a regular dividend of $0.25 per share, offering a 0.95% yield.
In 2025, Newmont produced 5.9 million ounces of gold, 28 million ounces of silver, and 135,000 tonnes of copper. For 2026, it targets 3.9 million ounces of gold production using its sustainable mining practices.
NEM holds a Strong Buy consensus on TipRanks from 11 unanimous Buy ratings. The average Newmont Corp. price target of $154.19 signals 34.5% upside from current levels.
Kinross Gold (KGC)
Toronto-based Kinross Gold mines across Canada, the U.S., Africa, and South America, with flagship assets including Paracatu (Brazil), Tasiast (Mauritania), and Great Bear (Canada). The company prioritizes low-cost production and responsible practices. KGC also pays a regular dividend of $0.035 per share, reflecting a 0.42% yield.
In FY25, Kinross produced roughly two million ounces of gold and guided for similar production levels in fiscal 2026.
KGC stock commands a Strong Buy consensus rating based on seven Buys and one Hold rating. The average Kinross Gold price target of $43.55 implies 37.7% upside potential from current levels.
