Gold prices have declined steadily this year after a heady run-up in 2020. That's driven some investors out of gold stocks, but those in the know will consider such times as opportunities to park some money into an asset that's served well as a hedge during stock market turmoil.
Gold stocks are, in fact, the best way to invest in gold, and with earnings season in full swing, it's the perfect time to hunt for winners worth your money. If you're wondering where to start, here are three top gold stocks with incredible growth potential to buy now.
Kirkland Lake Gold (NYSE: KL) kicked off 2021 on a solid note and was among the few gold mining companies that topped its production and cost guidance in the latest quarter. Kirkland produced 302,847 ounces of gold in Q1, exceeding its guidance of 280,000 ounces at the midpoint. To top that, Kirkland's all-in-sustaining cost (AISC) was $846 per ounce of gold sold versus management's AISC guidance of around $1,000 an ounce.
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3 Best Gold Stocks to Buy Right Now