Analyst forecasts point to price targets of up to 250%+ for the junior gold stocks on our list
SmallCapPower | March 14, 2017: With the Dutch election in focus as tensions with Turkey rise and Brexit negotiations grapple the UK government, investors are seeking the safety of gold once again as there is increasing uncertainty in world markets. Today we have identified some junior gold stocks that are trading below their book values and that analysts expect to at least double in market value over the next 12 months.
Atacama Pacific Gold Corp. (TSXV: ATM) – $0.31
Gold
Atacama Pacific Gold Corporation is an exploration stage company engaged in the acquisition, exploration and development of precious metals resource properties in Chile. The Company, through its subsidiary, Minera Atacama Pacific Gold Chile Limitada (Atacama Chile), operates Cerro Maricunga oxide gold project (Cerro Maricunga Gold Project). The Cerro Maricunga Gold Project is located approximately 700 kilometers north of Santiago. The Cerro Maricunga Gold Project concessions comprise generally contiguous or superposed exploration and mining concessions and cover over 15,000 hectares.
- Market Cap: $25.8 million
- Debt to Equity (FY0): 0.0%
- Price To Book Value Per Share (FY0): 0.2x
- Analyst Implied Upside (1 Year Target): 263%
RTG Mining Inc. (TSX: RTG) – $0.23
Gold
RTG Mining Inc. is a mining and exploration company focused on developing the high-grade copper/gold/magnetite Mabilo Project and advancing exploration on the prospective Bunawan Project, both in the Philippines, while also identifying new projects, which will allow the Company to move to production.
- Market Cap: $38.4 million
- Debt to Equity (FY0): 0.0%
- Price To Book Value Per Share (FY0): 0.2x
- Analyst Implied Upside (1 Year Target): 213%
Golden Reign Resources Ltd. (TSXV: GRR) – $0.20
Gold
Golden Reign Resources Ltd. is engaged in the acquisition and exploration of exploration and evaluation assets. The Company’s primary exploration and evaluation asset is the San Albino-Murra Mining Concession, located in Nicaragua, which is in an advanced exploration stage. It focuses on acquiring, exploring and developing exploration and evaluation assets in Nicaragua. Its Murra Gold Property is located in the northern (Murra) district of the San Albino-Murra Gold Property, Nicaragua.
- Market Cap: $36.7 million
- Debt to Equity (FY0): 0.0%
- Price To Book Value Per Share (FY0): 0.9x
- Analyst Implied Upside (1 Year Target): 213%
West Kirkland Mining Inc. (TSXV: WKM) – $0.09
Gold
West Kirkland Mining Inc. is a mineral exploration and development company focused on the acquisition, exploration and development of gold projects in Nevada and Utah with its asset being the Hasbrouck project, which is located between Reno and Las Vegas, near the town of Tonopah, Nevada. The Hasbrouck Project consists of approximately two deposits, the Hasbrouck deposit and the Three Hills deposit.
- Market Cap: $27,717,560.50
- Debt to Equity (FY0): 0.0%
- Price To Book Value Per Share (FY0): 0.7x
- Analyst Implied Upside (1 Year Target): 194%
Primero Mining Corp. (TSX: P) – $0.73
Gold
Primero Mining Corp. is a precious metals producer with operations in both Mexico and Canada. Its segments include San Dimas, Cerro del Gallo, Black Fox Complex and Corporate. It owns two producing properties, including the San Dimas gold-silver mine, located in Mexico’s San Dimas district, and the Black Fox mine, located in the Township of Black River-Matheson, Ontario, Canada.
- Market Cap: $137,052,909.74
- Debt to Equity (FY0): 17.7%
- Price To Book Value Per Share (FY0): 0.2x
- Analyst Implied Upside (1 Year Target): 125%
