Lake Shore Gold-LSG
is one of my top picks for a beaten down stock with big upside. The last quarter was disappointing but this company has strong management that I trust will continue to grow shareholder value. Lake Shore Gold investors should see big improvement over the next 2 Quarters. Kinross Gold-K.to
is another big gold producer has been beaten down and has not participated in this gold bull market. Kinross Gold I believe has been punished enough for paying too much for Red Back Mining. When you think of the top 5 major gold producers Kinross would be on the list. I just took a position today.
Centamin Eqypt- CEE.to
- another beaten down gold producer that disappointed investor with their production numbers. At $1.66 this stock looks very cheap. Osisko Mining-OSK.to
- bought more on the pull back and this is the stock that is going to make me rich. Nuff said, and do your due diligence. Perseus Mining- PRU.to
- I recommended this stock many time under $3.00, and we are finally getting attention. The stock has been holding up well and today we are see a 4% gain. A lot of institutions hold this stock in their gold funds. This company I believe is on the radar of a major gold producer and probably won't be around 12 months from now. They just announced their first gold pour see the presentation: http://perseusmining.com.au/aurora/assets/user_content/File/ASX%20230811%20%28CAGP%20Commissioning%201st%20gold%20pour%29.pdfProduction will be 220,000oz for the first 12mths and will then jump to 280,000oz/yr. Claude Resources-CRJ.to
- the stock looks weak today and could be a buying opportunity. I have mentioned this stock on my watch list update on my site. Rubicon Minerals- RMX.to
-investors should of taken advantage of the weakness we saw in this stock. I believe Goldcorp doesn't like Agnico Eagle in their back yard. Agnico Eagle took a position in this company because they see value. Motley Fool mentions RMX.to
in this article that came out today:
Positioning now for gold's continuing advance
Because I have responded to this sharp correction in gold with some personal additions to my core equity positions among the many undervalued miners of gold, it becomes challenging to discuss my top picks in the midst of such a compelling buying opportunity. Among those stocks I have not purchased shares in myself in recent days, Northgate Minerals (AMEX: NXG ) stands out as the pick of the litter. I do believe, after all, that it is the greatest gold stock in the world. The company just released yet another set of hugely encouraging exploration results at Young-Davidson, featuring a wide 44.1-meter intersection with a gold grade of 5.3 grams per tonne!
Next on my own personal short list lies Claude Resources (AMEX: CGR ) , the small-cap producer that continues to encounter promising gold deposits both at its flagship Seabee mine and at the exciting Amisk project (both in Saskatchewan, Canada). After Agnico-Eagle Mines swooped in last month with a Buffett-like endorsement of Rubicon Minerals (AMEX: RBY ) via a 9.2% equity stake in the shares, I view Rubicon as another golden option for discerning investors. Meanwhile, Fools digging for the "poor man's gold" may wish to carefully consider Great Panther Silver (AMEX: GPL ) , Alexco Resource (AMEX: AXU ) , and Endeavour Silver (NYSE: EXK ) .
Great Basin Gold-GBG.to is another gold producer that isn't getting any market respect. I have been recommending this stock since $1.75 and I believe it's probably the cheapest gold producer out there. The Street Upgraded GBG.to today here is the article:
NEW YORK (TheStreet) -- Great Basin Gold (AMEX:GBG) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management.
Highlights from the ratings report include:
- GBG's revenue growth has slightly outpaced the industry average of 49.0%. Since the same quarter one year prior, revenues rose by 49.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- GREAT BASIN GOLD LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, GREAT BASIN GOLD LTD continued to lose money by earning -
.09 versus -
.16 in the prior year.
- 47.10% is the gross profit margin for GREAT BASIN GOLD LTD which we consider to be strong. It has increased significantly from the same period last year. Regardless of the strong results of the gross profit margin, the net profit margin of -1.90% is in-line with the industry average.
- GBG has underperformed the S&P 500 Index, declining 6.77% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- Despite currently having a low debt-to-equity ratio of 0.45, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that GBG's debt-to-equity ratio is mixed in its results, the company's quick ratio of 0.55 is low and demonstrates weak liquidity.
Great Basin Gold Ltd. engages in the acquisition, exploration, and development of precious metal deposits. It explores for gold, silver, and aggregate. Great Basin has a market cap of $981.2 million and is part of the basic materials sector and metals & mining industry. Shares are down 34.8% year to date as of the close of trading on Thursday.
You can view the full Great Basin Ratings Report or get investment ideas from our investment research center.
Note: I own a position in RMX.to, CEE.to, K.to, LSG.to, GBG.to, PRU.to, and OSK.to