Three mining stocks that look cheap with gold at all-time highs | 2024-04-19 | Investing News

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If you’ve noticed that gold mining stocks haven’t been tracking gold’s recent ascension to all-time highs, you aren’t alone.

The metal has added 62 per cent since 2018 to US$2,410 per ounce, as of 1:42 pm ET Friday, and has grown by almost 5x since the Global Financial Crisis, propelled by widespread investor fear about interest rates, fiat currency devaluation, and rising geopolitical tensions such as the Israel-Iran Conflict.

Studies from Sprott, Mining.com, Kitco and The Globe and Mail all document underperformance among gold mining stocks compared with their target commodity, identifying a high-potential opportunity to own quality operations trading at irrationally low valuations given their track records.

Here are three names to consider for due diligence as you ease into the weekend:

Goldflare Exploration

Goldflare Exploration, established in 2003, is a…

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