🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

Top Junior Gold Stocks With Low EV/Oz, High Betas

Published 07/04/2018, 12:18 AM
Updated 07/09/2023, 06:31 AM
XAU/USD
-
GC
-
HG
-
RK
-
MVMD
-
AZX
-
ATM
-
FPC
-

The junior gold stocks on our list are leveraged to the gold price and are undervalued on an EV/oz basis

SmallCapPower | July 3, 2018: Gold prices have weakened over the past few months, falling as low as US$1,235/oz. The junior gold stocks we’ve uncovered today are all low EV/oz companies with high betas. This means that they have exaggerated correlations with the rest of the market and can be extremely volatile. However, with risk comes reward and these companies may present an opportunity for investors looking to get exposure to the gold space.

Alexandria Minerals Corporation (V:AZX) – $0.04

Gold

Alexandria Minerals is a Canada-based junior gold exploration company with a focus on under-explored mineral properties in gold and base metal mining districts of Quebec, Ontario, and Manitoba, Canada. The Company’s flagship property is the Cadillac Break Property Group, which is located in Val d’Or, Quebec.

  • Market Cap: $19.2 Million
  • Daily Beta – 90 Day: 2.67
  • Enterprise Value/oz: $9
  • YTD Total Return: -50.0%

Alexandria Minerals

Meadow Bay Gold Corp (SNX:MAY) – $0.08

Gold

Meadow Bay Gold Corporation is a gold exploration company based in Canada. The Company is focused on the exploration and development of its Atlanta Gold and Silver Mine property consisting of more than 10,000 acres of mineral claims located in Lincoln Country Nevada, approximately 250 kilometers northeast of Las Vegas, Nevada.

  • Market Cap: $3.8 Million
  • Daily Beta – 90 Day: -4.55
  • Enterprise Value/oz: $8
  • YTD Total Return: -62.5%

Meadow Bay Gold

Atacama Pacific Gold Corporation (V:ATM) – $0.61

Gold

Atacama Pacific Gold Corporation is an exploration-stage gold mining company. ATM operates the Cerro Maricunga Project located 700 kilometers north of Santiago, Chile. The property covers over 15,000 hectares and was estimated to host 3.74M ounces of Proven and Probable Reserves in a 2014 Pre-Feasibility study. The Company also has four other mineral properties within proximity to the Cerro Maricunga Gold Project and one further north in Chile.

  • Market Cap: $58.9 Million
  • Daily Beta – 90 Day: 0.92
  • Enterprise Value/oz: $8
  • YTD Total Return: -12.9%

Atacama Pacific Gold

Rockhaven Resources Ltd (V:RK) – $0.13

Diversified Mining

Rockhaven Resources is a Canada-based gold exploration-stage company. The Company has interests in one mineral exploration property, the Klaza project, located in Yukon Territory, Canada. The property consists of about 570 mineral claims and covers an area of approximately 120 square kilometers.

  • Market Cap: $19.2 Million
  • Daily Beta – 90 Day: 1.71
  • Enterprise Value/oz: $11
  • YTD Total Return: -19.4%

Rockhaven Resources

Falco Resources Ltd (V:FPC)– $0.52

Copper & Gold

Falco Resources is a Canada-based exploration-stage company, focused on the exploration and evaluation of its mineral properties in the Rouyn-Noranda district in the Province of Quebec. The Company holds about 72,800 hectares of land in the Rouyn-Noranda mining camp, including approximately 10 former gold and base metals mine sites.

  • Market Cap: $98.3 Million
  • Daily Beta – 90 Day: 1.52
  • Enterprise Value/oz: $15
  • YTD Total Return: -40.2%

Falco Resources

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.