5 Overlooked Gold Penny Stocks?

Despite the big jump in gold prices this year, some gold penny stocks aren’t getting the love they likely deserve

SmallCapPower | June 15, 2016: Gold has surged 20% year to date, powering many gold penny stocks up more than three fold. Even the iShare S&P/TSX Gold Index Fund has almost doubled in value since the beginning of the year. And with ‘Brexit’ uncertainty and a possible global trend towards negative interest rates, it all points to a continuing rally for gold and gold stocks. That being said, the names on our list could be considered undervalued due to the fact that they are trading at low sales multiples.

Monument Mining Ltd. (CVE:MMY) – $0.12
Gold

Monument Mining Limited is a Canada-based gold production and mining asset development company that owns and operates the Selinsing Gold Mine, and has a gold portfolio of the Selinsing, Buffalo Reef and Famehub projects in Pahang State within the Central Gold Belt of Western Malaysia, and the Murchison and Tuckanarra Gold Projects in Western Australia.

• Market Cap: 39,058,342.91
• Total Revenue (LTM): 37,698,551
• YTD Price % Change: 20%
• Enterprise Value/Sales: 0.30

Dynacor Gold Mines Inc. (TSE:DNG) – $2.05
Gold

Dynacor Gold Mines Inc. is a Canada-based ore processing and exploration company. Its activities consist of the production of gold and silver from the processing of purchased ore and the exploration of its mining properties located in Peru. The Company purchases its ore from government registered ore producers from various regions of Peru and then processes it at its Metalex Huanca milling facility (the Metalex Plant) to produce gold and silver.

• Market Cap: 77,025,273.81
• Total Revenue (LTM): 106,064,712
• YTD Price % Change: 8%
• Enterprise Value/Sales: 0.69

Mangazeya Mining Ltd. (CVE:MGZ.H) – $0.035
Gold

Mangazeya Mining Ltd. is engaged in exploring for precious metals, development of ore and placer gold deposits, and production of precious metals. The Company focuses on the subsoil areas in the Russian Federation.

• Market Cap: 215,285,203.21
• Total Revenue (LTM): 52,481,000
• YTD Price % Change: -13%
• Enterprise Value/Sales: 0.84

Primero Mining Corp. (TSE:P) – $2.37
Gold

Primero Mining Corp is a Canada-based precious metals producer that is active in Canada and Mexico. The Company focuses on gold, silver and copper development projects, and its portfolio of operating mines, as well as development-stage and exploration projects comprises San Anton, Ventanas, San Dimas Mine and Cerro del Gallo in Mexico, and Black Fox Mine and Grey Fox Project in Canada.

• Market Cap: 114,570,744.63
• Total Revenue (LTM): 354,152,862
• YTD Price % Change: -24%
• Enterprise Value/Sales: 1.49

Alacer Gold Corp. (TSE:ASR) – $2.89
Gold

Alacer Gold Corp. (Alacer) is an intermediate gold mining company that operates in the segment of mining, development and exploration of mineral deposits in Turkey. The Company’s principal products are gold, copper and silver.

• Market Cap: 843,705,735.89
• Total Revenue (LTM): 279,991,758
• YTD Price % Change: 17%
• Enterprise Value/Sales: 2.21

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