Stocks That Move With the Gold Price

Miners and royalty companies with measured leverage to gold — most carry 1.5-2x betas to the metal itself.

Updated Oct 10, 5:00 AM ETRebuilt weeklyAbout this data

139 stocks measured23 under accumulation99 under distribution18 in uptrends

#	Symbol	Company	Beta	Corr	Mkt cap	Trend	Volume
1	AEM	Agnico Eagle Mines Limited Common Stock	+1.72	0.81	$95.7B	Pullback	Lean dist.
2	ASA	ASA Gold and Precious Metals Limited	+1.76	0.79	$1.1B	Downtrend	Accumulating
3	AGI	Alamos Gold Inc. Class A Common Shares	+1.87	0.78	$13.8B	Downtrend	Lean dist.
4	AU	AngloGold Ashanti PLC Ordinary Shares	+2.24	0.78	$47.6B	Pullback	Distributing
5	WPM	Wheaton Precious Metals Corp Common Shares (Canada)	+1.64	0.77	$63.0B	Pullback	Distributing
6	KGC	Kinross Gold Corporation Common Stock	+1.86	0.76	$28.2B	Downtrend	Distributing
7	IAG	Iamgold Corporation Ordinary Shares	+2.31	0.74	$10.9B	Pullback	Distributing
8	B	Barrick Mining Corporation Common Shares	+1.53	0.73	$68.8B	Pullback	Lean dist.
9	CGAU	Centerra Gold Inc. Common Shares	+1.71	0.73	$4.4B	Uptrend	Neutral
10	OR	OR Royalties Inc. Common Shares	+1.42	0.72	$6.5B	Downtrend	Lean dist.
11	PAAS	Pan American Silver Corp. Common Stock	+2.04	0.72	$19.5B	Downtrend	Neutral
12	GFI	Gold Fields Limited American Depositary Shares	+2.02	0.72	$33.0B	Downtrend	Lean dist.
13	NEM	Newmont	+1.60	0.72	$124.2B	Pullback	Lean dist.
14	HMY	Harmony Gold Mining Company Limited	+2.31	0.72	$10.5B	Pullback	Distributing
15	TFPM	Triple Flag Precious Metals Corp. Common Shares	+1.39	0.71	$6.4B	Downtrend	Lean dist.
16	DRD	DRDGOLD Limited American Depositary Shares	+2.06	0.71	$2.1B	Downtrend	Distributing
17	BTG	B2Gold Corp Common shares (Canada)	+2.04	0.71	$7.0B	Uptrend	Neutral
18	ARIS	Aris Mining Corporation Common Shares	+2.03	0.70	$3.6B	Pullback	Distributing
19	ORLA	Orla Mining Ltd. Common Shares	+2.27	0.69	$3.5B	Downtrend	Neutral
20	SA	Seabridge Gold, Inc. Ordinary Shares (Canada)	+2.00	0.68	$3.0B	Pullback	Distributing
21	FNV	Franco-Nevada Corporation	+1.14	0.68	$47.2B	Pullback	Distributing
22	EGO	Eldorado Gold Corporation Ordinary Shares	+1.77	0.68	$9.8B	Pullback	Distributing
23	EQX	Equinox Gold Corp. Common Shares	+1.97	0.68	$9.0B	Downtrend	Accumulating
24	SBSW	D/B/A Sibanye-Stillwater Limited ADS	+2.23	0.67	$7.1B	Downtrend	Lean dist.
25	ASM	Avino Silver & Gold Mines Ltd. Common Shares (Canada)	+2.68	0.66	$945M	Downtrend	Lean dist.
26	MUX	McEwen Inc. Common Stock	+1.89	0.66	$1.1B	Downtrend	Distributing
27	SKE	Skeena Resources Limited Common Shares	+2.07	0.64	$4.0B	Uptrend	Accumulating
28	HL	Hecla Mining	+2.18	0.63	$11.4B	Downtrend	Lean dist.
29	CDE	Coeur Mining Inc	+2.42	0.62	$17.7B	Downtrend	Distributing
30	ODV	Osisko Development Corp. Common Shares	+2.06	0.61	$695M	Pullback	Neutral
31	USAS	Americas Gold and Silver Corporation Common Shares, no par value	+2.69	0.61	$1.5B	Downtrend	Accumulating
32	ITRG	Integra Resources Corp. Common Shares	+1.98	0.61	$533M	Downtrend	Neutral
33	FSM	Fortuna Mining Corp. Common Shares	+1.86	0.60	$3.3B	Pullback	Distributing
34	AG	First Majestic Silver Corp. Ordinary Shares (Canada)	+2.19	0.60	$8.5B	Downtrend	Neutral
35	AAUC	Allied Gold Corporation Common Shares	+1.67	0.59	$2.6B	—	Distributing
36	SVM	Silvercorp Metals Inc. Common Shares	+1.81	0.59	$2.3B	Pullback	Distributing
37	SII	Sprott Inc. Common Shares	+1.14	0.59	$3.0B	Downtrend	Distributing
38	PLG	Platinum Group Metals Ltd. Ordinary Shares (Canada)	+2.26	0.58	$165M	Downtrend	Distributing
39	THM	International Tower Hill Mines, Ltd. Ordinary Shares (Canada)	+2.70	0.57	$628M	Pullback	Distributing
40	EXK	Endeavour Silver Corporation Ordinary Shares (Canada)	+2.21	0.57	$2.6B	Pullback	Distributing
41	MTA	Metalla Royalty & Streaming Ltd. Common Shares	+1.49	0.57	$817M	Pullback	Distributing
42	WRN	Western Copper and Gold Corporation Common Stock	+1.56	0.56	$474M	Downtrend	Distributing
43	GROY	Gold Royalty Corp. Common Shares	+1.62	0.56	$711M	Downtrend	Distributing
44	SSRM	Ssr Mining Inc	+1.87	0.56	$7.4B	Uptrend	Accumulating
45	CMCL	Caledonia Mining Plc	+1.49	0.55	$459M	Downtrend	Accumulating
46	GAU	Galiano Gold Inc.	+2.03	0.55	$572M	Rally	Accumulating
47	VZLA	Vizsla Silver Corp. Common Shares	+1.70	0.55	$1.2B	Downtrend	Distributing
48	NEWP	New Pacific Metals Corp. Common Shares	+2.16	0.55	$1.2B	Uptrend	Neutral
49	FURY	Fury Gold Mines Limited Common Shares	+1.78	0.54	$105M	Pullback	Distributing
50	USAU	Us Gold Corp	+1.93	0.54	$227M	Downtrend	Distributing
51	IAUX	i-80 Gold Corp. Common Shares	+2.55	0.54	$1.4B	Pullback	Distributing
52	DC	Dakota Gold Corp	+1.72	0.54	$814M	Uptrend	Lean accum.
53	VGZ	Vista Gold Corp Common Stock	+2.12	0.53	$387M	Uptrend	Distributing
54	IDR	Idaho Strategic Resources Inc	+2.05	0.53	$376M	Downtrend	Distributing
55	GLDG	GoldMining Inc. Common Shares	+1.43	0.53	$192M	Downtrend	Distributing
56	TRX	TRX Gold Corporation Common Stock	+1.61	0.51	$383M	Rally	Distributing
57	CNL	Collective Mining Ltd. Common Shares	+1.51	0.49	$1.1B	Pullback	Distributing
58	VOXR	Vox Royalty Corp	+1.11	0.49	$353M	Pullback	Distributing
59	NFGC	New Found Gold Corp Common Shares	+1.64	0.49	$385M	Downtrend	Distributing
60	NG	Novagold Resources Inc	+1.75	0.47	$2.9B	Downtrend	Distributing
61	CTGO	Contango Ore Inc	+1.62	0.47	$541M	Downtrend	Accumulating
62	BVN	Buenaventura Mining Company Inc.	+1.08	0.46	$8.2B	Downtrend	Distributing
63	HBM	Hudbay Minerals Inc. Ordinary Shares (Canada)	+1.27	0.46	$11.6B	Pullback	Neutral
64	PPTA	Perpetua Resources Corp	+1.83	0.45	$2.6B	Downtrend	Distributing
65	IE	Ivanhoe Electric Inc	+1.61	0.45	$1.6B	Downtrend	Accumulating
66	BCX	BlackRock Resources Common Shares of Beneficial Interest	+0.45	0.43	$1.0B	Pullback	Distributing
67	SCCO	Southern Copper Corporation Common Stock	+0.91	0.43	$174.6B	Uptrend	Distributing
68	TGB	Taseko Mines, Ltd. Common Stock	+1.36	0.43	$3.2B	Uptrend	Neutral
69	ERO	Ero Copper Corp. Common Shares	+1.22	0.43	$3.9B	Uptrend	Distributing
70	RIO	Rio Tinto Plc Common Stock	+0.54	0.41	$154.0B	Pullback	Accumulating
71	TECK	Teck Resources Ltd Ordinary Shares	+0.84	0.41	$32.9B	Uptrend	Distributing
72	SLSR	Solaris Resources Inc. Common Shares	+1.33	0.41	$1.1B	Pullback	Distributing
73	PZG	Paramount Gold Nevada Corp. Common Stock	+1.30	0.41	$101M	Downtrend	Distributing
74	FCX	Freeport-McMoRan	+0.90	0.40	$105.9B	Uptrend	Distributing
75	BHP	BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)	+0.59	0.40	$220.3B	Pullback	Accumulating

Gold futures (GCUSD). A miner's costs are largely fixed, so a move in the metal falls almost entirely through to its margin — which is why the majors historically move 1.5-2x the metal.

These companies rise with gold. The beta column shows the measured leverage: a beta of 2 means the stock has moved twice the metal's weekly move.

Methodology: weekly returns over the past 3 years regressed against weekly moves in the driver. Beta is the measured move per unit driver move; only relationships with |correlation| ≥ 0.25 are shown. Sensitivity is measured, not asserted — a stock appears here because its returns actually co-move with the driver, not because someone believes they should. Trend regime and the institutional volume verdict come from the daily screener pipeline.