3 Mining Stocks For Investors Seeking Gold Exposure

Wheaton trades in both New York and Toronto, making it easier for investors to buy. The company focuses on silver – in addition to gold, copper and other metals – and currently has streaming agreements for 19 operating mines and nine development stage projects. We like to look at the price-to-book ratio, and based on that, Wheaton looks undervalued relative to some of its royalty and streaming peers, including Franco-Nevada Corp. and Royal Gold Inc.

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Wheaton Precious Metals looks undervalued compared to peers

A consolidation bug hit senior miners late last year and early this year. When Barrick Gold bought Randgold Resources, then Newmont merged with Goldcorp, many analysts suspected there would be a selloff of assets and a flood of acquisitions and deals in the small- and mid-cap producer space.  

As Ralph puts it: “I do think a wave of consolidation is going to come because we know a lot of the seniors are going to try to spin assets off.That could create a lot of interesting opportunities for smaller mining companies.”

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Disclosure: 

Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed ...

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