12 Best Stocks Under $25 To Invest In Right Now

2. Barrick Gold Corporation (NYSE:GOLD)

Average Upside Potential: 44.46%

Share Price: $16.65

Barrick Gold Corporation (NYSE:GOLD) serves as a sector-leading gold and copper producer. The firm’s operations and projects span eighteen countries and four continents. Barrick is a world-class global mining company that has one of the largest portfolios of Tier One and world-class gold and copper assets that remain unrivaled in the industry.

The firm is increasing its copper exposure and is in a good spot to capitalize on global decarbonization trends resulting in the long-term fundamental strength of copper. Also, Barrick has a strong exploration success track record as well as a clear runway with its mines having 10-year business plans, some even rolling out to 15 and 20 years. Among peers, Barrick has maintained the highest gold reserve grade by delivering unparalleled growth of reserve base. Additionally, since year-end 2019, the firm has organically replaced over 140% of mined gold reserves thereby adding almost 29Moz of attributable proven and probable reserves.

Currently, the firm is set to deliver a strong end to the year. In Q3, gold production was in line with the previous quarter while copper production was up 12% quarter-over-quarter. Net earnings per share grew by 33% year-over-year. Through the ramp-up of the Pueblo Viejo plant expansion, enhanced throughput at Nevada Gold Mines, and higher grades at Kibali, the firm looks forward to a bright Q4.

Thus, Barrick Gold Corporation (NYSE:GOLD) has a unique portfolio of gold and copper assets alongside a robust growth pipeline and an unmatched ability to organically replace reserve depletion. The firm has been capable of returning $4.9 billion to shareholders since 2019 in the form of dividends, capital returns, and share buybacks.