Gold Mining Stocks Rally Despite Near $4,000 Gold Price: Experts Say Undervalued

Gold mining stocks Galiano Gold, McEwen Inc, and Seabridge Gold have seen significant momentum gains as the price of gold nears $4000 per ounce. Despite a 92.37% YTD and 82.61% one-year gain for Galiano Gold, and 105.32% YTD and 48.38% one-year gain for Seabridge Gold, experts say the rally is just the beginning, as the stocks remain undervalued. Economist Peter Schiff notes that mining stocks have climbed 140% this year, but their valuation metrics continue to shrink, indicating earnings are outpacing share prices.