Just to illustrate how cheap gold producers are I have looked at brokers/analysts projected PEs for FY 25. I have taken the lowest PE since all brokers and analysts always project a POG into the future which ends up being far too low - even the PEs below may end up being too low (my own view is they will be). brokers/analysts have an average strong buy on all gold producters and for good reason.
in the second image the stocks listed have higher PEs as they all have very high growth in production - eg EMR is expected to more than triple production in 3 years and CMM more than double. They all look cheap due to their strong growth profile.
It is clear gold producers are very very cheap at current prices. developers like SPR, AAR, SMI, etc are even cheaper.
SPR Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
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