2 Gold Stocks Trading Below Book Value That Appear to Be Screaming Buys
Though the stock market has been seemingly unstoppable for the better part of eight years, gold and gold stocks that have quietly put on a show since the beginning of 2016. Spot gold has jumped more than $235 an ounce from its lows, while many of the mining companies that produce gold have moved even higher.
But despite this jump in gold prices and gold mining companies, valuations still remain relatively tame. In fact, a quick screen of gold stocks shows a half-dozen currently valued at less than their book value. For some miners, this anemic valuation relative to book makes total sense, while for two companies it could represent an intriguing buying opportunity as it may signal an undervaluation of current assets and production potential.
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Source: Fool.com
