Gold prices have ripped higher over the past few months, 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. Today we’ll look at a promising low-priced mid-cap gold stocks that seem well-positioned for the next leg up.
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Centerra Gold Inc. (CGAU) operates, explores, develops, and acquires gold and copper properties in British Columbia, Canada, and Turkey. As of Dec. 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.