Gold mining shares melt in recent months, thanks in part to the recent power of gold prices. And although the gold prices can approach a breakout moment, shares of many of the miners still have to catch up with the current price of gold. Despite the recent force in the wide basket of gold miners, they still look too cheap given the potential benefit in the light of a continuation of Gold’s Run in the second half. Indeed, when it comes to the mine games, the use of leverage can help them avoid the price of physical precious metal.
In combination with well -managed operations and increased production in some of the names, the gold mining trade is perhaps the best way to play the shiny yellow metal, whether you are looking for value, a large hedge (and less correlation with the wide stock market), or a decent risk/reward in a market that has too few IPOs that have too few opportunities and High-mom-AI shares).
In any case, let’s check in at a number of Golden Mijnenpel that Canadian investors may now want to watch before Gold makes his next big move.
Agnico Eagle Mines
Agnico Eagle Mines (TSX: AEM) is a top choice for investors who are looking for a leading miner who can use his size to his advantage. The mining juggernaut of $ 94 billion has been on wheels and action over the years. While the company is looking at new potential takeover objectives to stimulate production, while the price of gold continues to rise after countless macro-tailwinds, I still think that shares of AEM look like a bargain at 18.5 times forward price-win (P/E).
With a well-covered dividend (which yields 1.2%) that grows rapidly, while gold continues to shine for investors, AEM shares should be one of the first gold mining stocks to consider buying at the current level. 77%have risen in the past year.
And although it is difficult to name the next step of Gold, it is difficult to ignore the loud calls of the Golden Bugs, because gold starts to look in time from a technical perspective. With a low beta, modest multiple and benefit in the midst of Gold’s Run, I don’t think investors are concerned about missing the past year of winning. If there is something, the share price has not won as much as the basic principles have in the past year.
Dundee Precious Metals (TSX: DPM) is another high flyer who has a considerable momentum behind it. If higher highlights are really in the tickets for gold (perhaps US $ 4,000 per ounce could happen in 2026), DPM looks like an absolute bargain that I would not hesitate to buy at all-time highlights slightly less than $ 24 per share.
DPM shares appear seriously undervalued at 8.3 times ahead. And although the mid-cap shares ($ 4 billion market capitalization) may not be everyone’s cup of tea, I think the name has very undervalued drivers who will support the rally even if gold would continue to consolidate, just shy for US $ 3,400 per ounce.
With impressive free cash flows, a track record of smart mergers and acquisitions and a broad exploration of the exploration, DPM is one of the higher gold miners to consider if you are looking for a company with excellent managers and the possibility to get the most out of the operational leverage. The dividend yield of 0.92% is also a icing at the top for investors who want to be paid to wait.
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