10 Most Undervalued Gold Stocks to Buy According To Analysts

3. Centerra Gold Inc. (NYSE:CGAU)

Price to Earnings Ratio as of June 30: 9.31

Stock Upside Potential: 36.69%

Centerra Gold Inc. (NYSE:CGAU) is one of the 10 most undervalued gold stocks to buy, according to analysts. On June 25, analysts at National Bank reiterated the stock is an ‘Outperform.’ In addition, the analyst raised their price target of the stock to C$15.25 from C$13.50.

The positive outlook underscores National Bank’s confidence in Centerra Gold’s long-term prospects. The stance comes from the company generating positive free cash flow in the first quarter. It ended the quarter in a strong cash position of $608 million, ensuring financial flexibility.

Additionally, Centerra has reiterated its commitment to returning value to shareholders. It is in the process of repurchasing $75 million of its shares. The company is also advancing key growth initiatives, including the Mount Milligan PFS and Kemess PEA, which are expected to unlock additional value.

Centerra Gold Inc. (NYSE:CGAU) is a gold mining and exploration company. It explores, develops, and acquires gold and copper properties. Its operations are primarily focused on North America and Türkiye, with a commitment to safe and responsible mining practices.