Cheap Gold Mining Stocks with Low P/Es

Three gold mining stocks with low P/Es are Namib Minerals (NAMM), Dundee Precious Metals Inc. (DPMLF), and Centerra Gold Inc. (CGAU). These companies have forward P/Es under 12 and are expected to see earnings growth. Namib Minerals has the lowest P/E at 3, but is trading under $5 and has a market cap of just $161 million. Dundee Precious Metals trades with a forward P/E of 11 and pays a dividend, currently yielding 0.7%. Centerra Gold also trades with a forward P/E of 11 and pays a dividend, currently yielding 2.2%.

Gold mining stocks have been attracting investor attention due to the sustained high gold prices, driven by global conflicts, safe-haven demand, and U.S. President Donald Trump's tariff campaign. Among these, three gold mining stocks with low forward price-to-earnings (P/E) ratios are Namib Minerals (NAMM), Dundee Precious Metals Inc. (DPMLF), and Centerra Gold Inc. (CGAU). These companies offer potential investment opportunities with forward P/Es under 12 and expected earnings growth.

Namib Minerals, a tiny gold miner based in Zimbabwe, has the lowest P/E ratio at 3. The company went public on June 6, 2025, and is expected to see earnings rise by 197.6% this year. Despite its small market cap of $161 million, Namib Minerals has shown resilience, with shares down only 82% since its public listing, trading under $5. Its low valuation and significant earnings growth make it an attractive option for investors seeking high growth potential.

Dundee Precious Metals Inc. (DPMLF) is a mid-cap company headquartered in Canada with operations in Bulgaria, Serbia, and Ecuador. The company has a market cap of $3.6 billion and is expected to see earnings jump by 51.9% in 2025. Dundee Precious Metals trades with a forward P/E of 11 and pays a dividend, currently yielding 0.7%. Its strong earnings growth and dividend yield make it an appealing choice for income-oriented investors.

Centerra Gold Inc. (CGAU) is headquartered in Ontario, Canada, with operations in North America and Asia, including Turkey. The company has a market cap of $1.9 billion and is expected to see earnings jump by 18.3% in 2025. Centerra Gold also trades with a forward P/E of 11 and pays a dividend, currently yielding 2.2%. Its strong earnings growth and dividend yield make it an attractive option for income-oriented investors.

These gold mining stocks present opportunities for investors seeking exposure to the gold mining sector at relatively low valuations. However, investors should conduct thorough due diligence and consider their risk tolerance and investment horizon before making any investment decisions.