Are Gold Miners Cheap or Undervalued? Or Both?

11 months ago
137

Gold Miners are definitely cheap as multiple valuation metrics are at historically low levels. When viewing a history of valuations going back as far as the 1980s we find current valuations indicating a secular bear market. Valuation indicators last peaked around 2003-2006.

There is a difference between price and value. Cheap refers to price and undervalued refers to intrinsic value against price. The gold mining sector is cheap and many companies are arguably undervalued. But not everything is undervalued.

Find the quality companies as those are the ones that are undervalued. Companies of a lesser quality are not undervalued but could be if Gold is breaking out and prices remain low.

0:00 Intro
0:05 Intro Comments
1:35 Gold Stocks Fundamental Indicator
6:15 Gold Stocks Valuation Charts
12:17 Summary
14:35 Conclusion

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