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  Are These 4 Canadian Gold Stocks Too Cheap to Ignore?  
  Lorimer Wilson on 2017-11-15 15:36:29.0
 
 

Today, we look at valuations for four Canadian gold stocks that havegold    mining declined an average of 24.45% YTD, considerably underperforming their respective benchmarks over the same period.

The original article, written by SmallCapPower.com, is presented here by munKNEE.com - " The internet's most unique site for financial articles! (Here's why)" - in an edited ([ ]) and revised (…) format to provide a fast & easy read. Visit our Facebook page for all the latest - and best - financial articles!

1. Eldorado Gold Corp. (TSX:ELD) ? $1.61
Metals & Mining

Eldorado Gold is a Canada-based gold producer with operations in Turkey, China, Greece, Romania and Brazil. The Company has four operating mines and six projects under development. The Company's flagship asset is the Kisladag gold mine in Turkey, which decreased its guidance for 2017, as it expects to produce 170,000 ounces (previously 180,000) at a cash operating cost of $550 per ounce (previously, $500 per ounce).

  • Market Cap: $1,278 Million
  • 30 Day Return: -43.3%
  • Forward P/CFPS (2018): 4x
  • Peer Average Forward P/CFPS (2018): 6.2x

2. Klondex Mines Ltd. (TSX:KDX) ? $3.65
Metals & Mining

Klondex Mines is a Canada-based gold and silver producer with operations in the U.S. and Canada. Klondex specializes in narrow-vein underground projects and currently has three producing properties. The Company's assets include Fire Creek and Midas in Nevada, along with True North in Manitoba. Klondex announced its Q3/2017 results on November 9, which missed expectations.

  • Market Cap: $653 Million
  • 30 Day Return: -21.8%
  • Forward P/CFPS (2018): 4.5x
  • Peer Average Forward P/CFPS (2018): 6.2x

3. Tahoe Resources Inc. (TSX:THO) ? $5.48
Metals & Mining

Tahoe Resources is a Canada-based gold and silver producer with operations in Guatemala, Peru and Canada. The Company's assets include the Escobal Silver Mine in Guatemala, the La Arena and Shahuindo Mines in Peru and the Timmins West and Bell Creek Mines in Canada. The Company expects to produce ~450,000 ounces of gold at cash costs of $700 per ounce. Furthermore, the stock is down 56% YTD, following the shutdown of its Escobal silver mine in the summer.

  • Market Cap: $1,714 Million
  • 30 Day Return: -18.7%
  • Forward P/CFPS (2018) : 4.4x
  • Peer Average Forward P/CFPS (2018): 6.2x

4. Barrick Gold Corp. (TSX:ABX) ? $17.89
Metals & Mining

Barrick Gold is a Canada-based Tier I gold producer with interests in 12 mining operations across the world. The Company expects to produce ~5.4 million ounces of gold at cash costs of ~$535 per ounce during 2017. The Company's flagship asset is Barrick Nevada, which includes the Cortez and Goldstroke properties that expect to produce ~2.3 million ounces of gold in 2017.

  • Market Cap: $20,864 Million
  • 30 Day Return: -14.0%
  • Forward P/CFPS (2018): 6.2x
  • Peer Average Forward P/CFPS (2018): 7.2x

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The post Are These 4 Canadian Gold Stocks Too Cheap to Ignore? appeared first on munKNEE dot.com.

 
 
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