Materials
The largest gold ore purchasing and processing company in Peru boasts a healthy balance sheet (debt free / no need to raise additional funds) and growing dividend (3.2% currently). Trades at an EV of $538 per ounce - a significant discount to the peer group average despite strong cash flows and having reported its eleventh consecutive year of net profit in 2021 including record production of 106,892 ounces of gold. EPS has grown at a CAGR of nearly 25% during 2017-2021, while sales have grown at a CAGR of 14%. Singular Research looks for undervalued small / micro cap stocks initiates coverage with a Buy rating and a 12-month TP of $3.75 (65% upside).
Edition: 143
- 02 September, 2022