Three Cheap Gold Stocks to Add Before the Next Leg Up

Gold prices have ripped higher over the past few months as expectations that the Fed will slow its interest rate hikes boosted the precious metal to $1,959 per troy ounce, its highest level in months. Gold’s latest 50-day run marks its best since the pandemic shook global markets in 2020, which sent prices above $2,000 per troy ounce, and experts expect momentum to continue amid heightened recession concerns. It may be a bumpy year, but the overall outlook for gold in 2023 is positive.  

Investors looking to expand their precious metals position would do well to include operations with smaller market caps for their growth potential and as portfolio diversifiers. This article will look at three low-priced gold stocks that seem well-positioned for the next leg up.



B2Gold Corp. (BTG)

B2Gold Corp. (BTG) operates as a gold producer with three mines in Mali, the Philippines, and Namibia. As part of the long-term strategy to maximize shareholder value, B2Gold Corp. declared a fourth-quarter cash dividend of $0.04 per share (or an expected $0.16 per share annually). B2Gold expects to announce future quarterly dividends at the same level or higher.     



Centerra Gold Inc. (CGAU)

Centerra Gold Inc. (CGAU) operates, explores, develops, and acquires gold and copper properties in British Columbia, Canada, and Turkey. As of December 31, 2021, the company had roughly 4.9 million ounces of gold reserves. Centerra said it produced almost 244,000 ounces of gold in 2022. CGAU has a trailing twelve-month P/E ratio of just 5.6.



Kinross Gold Corporation (KGC)

On September 30, Kinross Gold Corporation (KGC) announced that it had received TSX approval to amend its normal course issuer bid as part of its enhanced share buyback program. The amendment increases the maximum number of common shares that may be repurchased from 65,002,277 to 114,047,070 of its common shares, representing 10% of the company’s public float.