The Price to NAV multiple shows investors how expensive a stock is compared to its Net Asset Value, and can be compared to its industry peers. Today, we have shortlisted junior miners to include those that are trading at a discount to their peers, with a P/NAV below 0.7x.
The comments above & below are edited ([ ]) and abridged (…) excerpts from the original articlewritten by SmallCapPower.com
1. New Gold Inc. (TSX: NGD) – $3.71 Canadian Diversified Mining
New Gold Inc. is an intermediate gold mining company engaged in the development and operation of mineral properties…
It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
Its development projects include Rainy River and Blackwater projects, which are located in Canada.
Capstone Mining Corp. is a Canada-based mining company engaged in the production of, and exploration for, base metals in the United States, Mexico, Canada and Chile, with a focus on copper.
The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other…
Market Cap: $628.7 million CAD
Revenue (LTM): $691.2 million CAD
Debt to Equity (FY0): 45.9%
Price / Net Assets Value (FY1): 0.63x
3. Primero Mining Corp. (TSX: P) – $0.71 Canadian Gold
Primero Mining Corp. is a precious metals producer with operations in both Mexico and Canada.
The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties…
Market Cap: $134.1 million CAD
Revenue (LTM): $316.9 million CAD
Debt to Equity (FY0): 17.7%
Price / Net Assets Value (FY1): 0.27x
4. Alacer Gold Corp. (TSX: ASR) – $2.34 Canadian Gold
Alacer Gold Corp. is an intermediate gold mining company engaged in the acquisition, exploration and production of gold in Turkey…
Market Cap: $685.1 million CAD
Revenue (LTM): $185.8 million CAD
Debt to Equity (FY0): 0.0%
Price / Net Assets Value (FY1): 0.61x
5. Timmins Gold Corp. (TSX: TMM) – $0.47 Canadian Gold
Timmins Gold Corp. is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V. and Molimentales del Noroeste, S.A. de C.V. (MdN)…
Market Cap: $174.7 million CAD
Revenue (LTM): $154.6 million CAD
Debt to Equity (FY0): 13.2%
Price / Net Assets Value (FY1): 0.69x
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stock is compared to its Net Asset Value, and can be compared to its industry peers. Today, we have shortlisted junior miners to include those that are trading at a discount to their peers, with a P/NAV below 0.7x.
1. New Gold Inc. (TSX: NGD) – $3.71 Canadian
2. Capstone Mining Corp. (TSX: CS) – $1.61 Canadian
3. Primero Mining Corp. (TSX: P) – $0.71 Canadian
4. Alacer Gold Corp. (TSX: ASR) – $2.34 Canadian
5. Timmins Gold Corp. (TSX: TMM) – $0.47 Canadian