10 Most Undervalued Gold Stocks to Buy According To Analysts

4. Barrick Mining Corporation (NYSE:GOLD)

Price to Earnings Ratio as of June 30: 10.80

Stock Upside Potential: 29.64%

Barrick Mining Corporation (NYSE:GOLD) is one of the 10 most undervalued gold stocks to buy, according to analysts. On June 29, analysts at RBC Capital reiterated it is one of the stocks seeing healthy investor interest as investors’ interest in gold stocks soars.

The remarks come as gold prices power and find support above the $3,200 an ounce level. According to RBC Capital Markets analysts, Barrick Gold stands out in balancing deep value with lower near-term cash flow. Likewise, the company is on course to achieve significant milestones.

Gold prices have rallied by more than 25% year to date, paving the way for Barrick Gold to generate significant returns from its operations. In addition, RBC Capital Markets notes that a trade agreement between the US and China to expedite the supply of rare earth metals, as well as the enduring ceasefire between Israel and Iran, bolsters demand for riskier assets.

Barrick Mining Corporation (NYSE:GOLD) is a leading global mining company primarily focused on the exploration, development, and production of gold and copper. Beyond gold, Barrick also engages in copper mining and exploration.