Gold miners earnings surge but valuations remain low
Key Questions
What earnings trend are gold miners experiencing?
Majors and mid-tier producers including Barrick, Galiano and Allied Gold have reported strong earnings growth fueled by elevated gold prices.
Why do valuations remain attractive despite earnings gains?
Sector multiples stay low relative to record margins and profits, creating GARP opportunities in names such as NEM, KGC and AEM.
How should investors view dips in this environment?
Analysts continue to flag buy zones on volatility for CDE and peers, given robust fundamentals and undervalued equities.
Earnings boom from majors/mids (Barrick, Galiano, Allied, AU dividend) contrasted with low valuations and GARP opportunities. Reinforces buy zones on dips for NEM/KGC/AEM/CDE amid macro volatility.
Sources (2)
Updated May 16, 2026