7 Gold Mining Stocks That Are Strong Buys Right Now

One of the best performing industries thus far in 2016 has been that of the gold miners, with many members of the industry seeing their stocks soar. The industry is still highly ranked by Zacks, ranking in the top 3% of all industries heading into the second half of the year. The industry is full of stocks that have Zacks Rank #1 (Strong Buy) ratings that investors should keep an eye on, and here are a few that we have picked out.

Anglogold Limited (NYSE:AU)

AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 million ounces. The company has operations in six countries on three continents, some of which are koint ventures, as well as exploration activities in ten countries. A Zacks Rank #1 (Strong Buy) stock, AU is up over 196% year-to-date.

B2Gold Corp. (NYSE:BTG)

B2Gold Corp. is involved in the exploration and development of gold. The company’s assets are situated in Nicaragua, Colombia, Namibia, and Uruguay. BTG is headquarter in Vancouver, Canada, and has seen its shares increase over 175% so far this year.

Goldcorp Inc. (NYSE:GG)

Goldcorp Inc. has operations in Canada, the US, Mexico, and Central and South America. The company produces gold, in addition to copper and silver. A Zacks Rank #1 (Strong Buy), GG is up 58.39% thus far this year. Goldcorp also offers a dividend yield of .44%.

Golden Star Resources, Ltd. (NYSE:GSS)

Golden Star Resources Ltd. is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of number of gold exploration properties in West Africa. The company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Also a top-ranked stock at Zacks, GSS is up a whopping 488% so far in 2016.

New Gold Inc. (TO:NGD)

New Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. Another Zacks Rank #1 (Strong Buy) stock, the stock is up more than 89% this year in 2016.

Rangold Resources Limited (NASDAQ:GOLD)

Rangold Resources Limited explores for and develops gold deposits in Sub-Saharan Africa. The stock has risen over 87% to over $115 a share this year thus far, and still could go higher as a Zacks Rank #1 (Strong Buy) stock. GOLD also offers a dividend yield of 1.11%.

Richmont Mines Inc. (TO:RIC)

Richmont Mines Inc. engages in the mining, exploration, and development of mining properties in Canada. As of December of 2015, it had proven and probable reserces of 561,700 ounces of Gold at its Island Gold Mine, and 63,850 ounces of gold at the Beaufor Mine. RIC is up nearly 204% so far this far, and is poised to go even higher with its top Zacks Rank.