Saturday , 9 December 2023

These 5 TSX Gold Stocks Are Trading at a Discount to Current Prices

Today we have shortlisted five TSX gold stocks trading at a significant discount to their peers on a cash-flow basis. Some of the stocks mentioned have declined YTD, representing a potential value play for investors.

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1. Golden Star Resources Ltd (TSX: GSC)

Golden Star Resources Ltd. is a gold mining and exploration company with an open-pit gold mine, an underground mine and a carbon-in-leach (CIL) processing plant in Wassa in the southwestern region of Ghana as well as a gold mining and processing operations in Bogosta and an open-pit mining operations and underground development project in Prestea, Ghana.

  • Market Cap: $346 million
  • Price to Cash Flow: 3.7x
  • YTD Price PCT Change: -7.1%

2. Roxgold Inc (TSX: ROXG)

Roxgold Inc. is a Canada-based gold exploration and development company that is engaged in the business of acquiring, exploring and evaluating mineral properties, and developing them through to construction or disposing them when the evaluation is completed. The Company has a development project, the Yaramoko Gold Project, which is located in Burkina Faso, West Africa. The Company also holds interest in the Houko, Solna and Boussara exploration properties.

  • Market Cap: $472 million
  • Price to Cash Flow: 5.4x
  • YTD Price PCT Change: 5.0%

3. Semafo Inc. (TSX: SMF)

SEMAFO Inc., a Canada-based mining company, is engaged in gold mining activities, including exploration, development and operations in the Mana, Natougou and Ouagadougou, Burkina Faso, environs among other explorations.

  • Market Cap: $1.2 billion
  • Price to Cash Flow: 4.4x
  • YTD Price PCT Change: -21.9%

4. Asanko Gold Inc. (TSX: AKG) – $1.23

Asanko Gold Inc. is a gold producer with primary operations – open pit mining and conventional processing of gold ores at the Asanko Gold Mine located in Ghana, West Africa.

  • Market Cap: $250 million
  • Price to Cash Flow: 1.90x
  • YTD Price PCT Change: -70.1%

5. Alio Gold Inc (TSX: ALO)

Alio Gold Inc. 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: $253 million
  • Price to Cash Flow: 6.1x
  • YTD Price PCT Change: 39.8%

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