Sunday , 1 October 2023

5 Gold Mining Stocks With Low Debt & Low Price-to-book Ratios (+3K Views)

As the U.S. dollar continues to pull back on the ‘Trump Dump’, demand for safe-haven assets such as gold continues to gain momentum. Today we have identified 5 gold mining stocks that have attractive market values in relation to their book values, while ensuring safe current and long-term debt levels.

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The price-to-book ratio is a valuation metric used to compare a company’s stock market value to its book value; below 1 meaning the stock may be undervalued.

1. Alacer Gold Corp. (TSX: ASR) – $2.95 Canadian

Alacer Gold Corp. (Alacer) is an intermediate gold mining company that operates in the segment of mining, development and exploration of mineral deposits in Turkey.

The Company has an interest in the Copler Gold Mine in Turkey.

  • Market Cap: $862 million CAD
  • Current Ratio (FY0): 8.6x
  • Debt to Equity (FY0): 0.0%
  • Price / Book Value (FY0): 0.9x

2. Argonaut Gold Inc. (TSX: AR) – $2.62 Canadian

Argonaut Gold Inc. is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America.

It owns the producing El Castillo mine in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.

  • Market Cap: $414 million CAD
  • Current Ratio (FY0): 5.8x
  • Debt to Equity (FY0): 0.7%
  • Price / Book Value (FY0): 0.6x

3. IAMGOLD Corp. (TSX: IMG) – $6.11 Canadian

IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world.

The Company’s mining activities in Canada include Doyon Division with Westwood Mine in Quebec and Cote Gold Project development project in Ontario.

Its mining activities in Africa include Burkina Faso- Essakane mine and Mali – Sadiola Mine, and in South America include Suriname – Rosebel Mine.

In addition to the mine site and development programs, the Company also conducts greenfields exploration program on selected projects in West Africa and the Americas.

  • Market Cap: $2,773 million CAD
  • Current Ratio (FY0): 3.8x
  • Debt to Equity (FY0): 36.9%
  • Price / Book Value (FY0): 0.9x

4. Eldorado Gold Corp (TSX: ELD) – $4.83 Canadian

Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine.

Its operating gold mines include Kisladag, in Turkey; Efemcukuru, in Turkey; Jinfeng, in China; White Mountain, in China, and Tanjianshan, in China.

Its other operating mines and development projects include Stratoni, in Greece (Silver-Lead-Zinc mine); Skouries, in Greece; Perama Hill, in Greece; Olympias, in Greece; Eastern Dragon, in China; Certej, in Romania; Tocantinzinho, in Brazil; Sapes, in Greece, and Vila Nova, in Brazil.

  • Market Cap: $3,461 million CAD
  • Current Ratio (FY0)): 2.4x
  • Debt to Equity (FY0): 15.7%
  • Price / Book Value (FY0): 0.7x

5. Centerra Gold Inc. (TSX: CG) – $6.93 Canadian

Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world.

The Company’s exploration segment includes the operations of Lagares Project in which the activities are related to its subsidiary, Centerra Gold (KB) Inc.

Its Kyrgyz segment includes Kumtor Gold Co. (KGC) (Kyrgyz Republic), which operates Kumtor Mine.

Its Mongolian segment includes Centerra Gold Mongolia LLC (CGM) (Mongolia), which operates ATO Project and Gatsuurt Project, and Boroo Gold LLC (BGC) (Mongolia), which operates Boroo Mine.

Its Turkish segment includes Centerra Luxembourg Holdings (Luxembourg), Centerra Exploration B.V. (CEBV) (The Netherlands), and Oksut Madencilik Sanayi Ve Tkaret A.S. (Turkey), which operates Oksut Project.

Its Canadian segment includes Hearts Peak Project and Greenstone Gold Mines (Canada).

  • Market Cap: $2,019 million CAD
  • Current Ratio (FY0): 5.7x
  • Debt to Equity (FY0): 5.3%
  • Price / Book Value (FY0): 0.9x

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