3 precious metal stocks to buy on dips
© Reuters. 3 precious metal stocks to buy on dips
After a bad start into 2021, gold has finally shown some signs of life. Many expected strength from increased deficits and lower interest rates. Taylor Dart identifies 3 high quality precious metals stocks. We saw a strong start to the second quarter for the Gold Miners Index (GDX (NYSE :)) which was a welcome change for investors after a hefty 8 month correction that shaved off almost 35% off the ETF. While some investors believe they’ll be late for the party after this strong start to the quarter, this couldn’t be further from the truth. In fact, there are some names in the industry that are still trading at significant discounts on their peers and P / E ratios, or values per ounce, well below their historical levels.
In this article, we’re going to look at the Most Undervalued Producer, Most Undervalued Licensing Company, and One of Most Undervalued Explorers to show where investors can still find value in the precious metals space after last week’s rally.
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