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The following is a list of the top 10 gold stocks in terms of the Put/Call ratio, which measures the number of open call option positions relative to the number of open put option positions.

Of all the gold stocks, these companies have the lowest Put/Call ratios, i.e. the highest level of bullish sentiment in the options market.

To give more perspective on investor sentiment, we'll also list data on short float and performance.

Options data sourced from Schaeffer's, short float data sourced from Finviz.

The list has been sorted by the Put/Call ratio.

1. Rubicon Minerals Corporation (NYSEMKT:RBY): Market cap of $899M. Call open interest at 5,397 contracts, vs. put open interest at 248 contracts (Put/Call Ratio at 0.05). Short float at 0.4%, which implies a short ratio of 1.07 days. The stock has lost -7.88% over the last year.

2. Northgate Minerals Corp. (NXG): Market cap of $855M. Call open interest at 2,072 contracts, vs. put open interest at 264 contracts (Put/Call Ratio at 0.13). Short float at 0.42%, which implies a short ratio of 0.54 days. The stock has gained 6.91% over the last year.

3. Exeter Resource Corporation (NYSEMKT:XRA): Market cap of $478M. Call open interest at 9,265 contracts, vs. put open interest at 1,454 contracts (Put/Call Ratio at 0.16). Short float at 0.37%, which implies a short ratio of 0.9 days. The stock has gained 16.45% over the last year.

4. US Gold Corporation (NYSE:UXG): Market cap of $635M. Call open interest at 2,022 contracts, vs. put open interest at 384 contracts (Put/Call Ratio at 0.19). Short float at 5.22%, which implies a short ratio of 4.31 days. The stock has gained 64.04% over the last year.

5. Golden Star Resources, Ltd. (NYSEMKT:GSS): Market cap of $1.31B. Call open interest at 17,646 contracts, vs. put open interest at 3,513 contracts (Put/Call Ratio at 0.2). Short float at 5.71%, which implies a short ratio of 4.82 days. The stock has gained 43.50% over the last year.

6. Aurizon Mines Ltd. (AZK): Market cap of $1.11B. Call open interest at 2,487 contracts, vs. put open interest at 618 contracts (Put/Call Ratio at 0.25). Short float at 0.23%, which implies a short ratio of 0.58 days. The stock has gained 37.28% over the last year.

7. Northern Dynasty Minerals Ltd. (NYSEMKT:NAK): Market cap of $861M. Call open interest at 3,681 contracts, vs. put open interest at 1,061 contracts (Put/Call Ratio at 0.29). Short float at 0.19%, which implies a short ratio of 0.66 days. The stock has gained 20.66% over the last year.

8. NovaGold Resources Inc. (NYSEMKT:NG): Market cap of $2.09B. Call open interest at 17,712 contracts, vs. put open interest at 6,226 contracts (Put/Call Ratio at 0.35). Short float at 6.5%, which implies a short ratio of 4.84 days. The stock has gained 72.13% over the last year.

9. Gammon Gold, Inc. (GRS): Market cap of $982M. Call open interest at 14,477 contracts, vs. put open interest at 5,537 contracts (Put/Call Ratio at 0.38). Short float at 0.87%, which implies a short ratio of 1.12 days. The stock has lost -21.40% over the last year.

10. Jaguar Mining Inc. (JAG): Market cap of $610M. Call open interest at 3,218 contracts, vs. put open interest at 1,429 contracts (Put/Call Ratio at 0.44). Short float at 9.21%, which implies a short ratio of 5.95 days. The stock has lost -27.82% over the last year.

Disclosure: No positions

Source: 10 Gold Stocks With the Lowest Put/Call Ratios