With bitcoin back in the headlines after Jeremy Grantham called it a “useless, speculative” asset and praised gold by comparison, many investors are rethinking how they want exposure to store of value themes in their portfolio. When sentiment toward cryptocurrencies turns cautious, attention often shifts to large, financially solid companies tied to gold and precious metals. This article walks through 3 stocks from a Gold and Precious Metals Stocks screener that are directly exposed to this news shift, helping you decide whether any of them deserve a closer look or a spot on your watchlist right now.

Endeavour Mining (LSE:EDV)

Overview: Endeavour Mining is a London based gold producer focused on large open pit mines across West Africa, with additional exposure to copper and silver. Its portfolio includes operations and projects in Burkina Faso, Côte d’Ivoire, Senegal and Mali, giving investors access to multiple producing mines rather than a single asset.

Operations: Endeavour Mining generates revenue primarily from its Ity (US$1.21b), Sabodala-Massawa (US$1.04b), Houndé (US$843.4m), Lafigué (US$785.4m) and Mana (US$660.7m) mines.

Market Cap: £9.0b

For investors reassessing bitcoin exposure after Jeremy Grantham’s criticism and looking toward gold, Endeavour Mining offers direct exposure to large scale gold production backed by high quality earnings and a reported 28.6% ROE. The stock is described as trading well below one estimate of fair value and on a P/E that is below an indicated fair multiple. This may appeal to investors who believe the market is under-pricing its West African mine portfolio. At the same time, funding risk, an unstable dividend record and recent insider selling highlight that the investment case involves meaningful risk. The key consideration is whether the combination of forecast earnings growth and disciplined capital returns is sufficient to outweigh those concerns for long term holders.

High reported ROE and talk of a discount on Endeavour Mining could be masking the real story on its West African mines, so walk through the 3 key rewards and 3 important warning signs

New Gold (NGD)

Overview: New Gold is a Canadian intermediate gold mining company that produces gold, silver and copper from its Rainy River mine in Ontario and New Afton operation in British Columbia, giving investors exposure to multiple metals from two large producing assets. The company is headquartered in Toronto and focuses on developing and operating its domestic mineral properties rather than a broad global footprint.

Operations: New Gold generates its US$1.24b in revenue entirely from Canada, primarily from the Rainy River mine (US$817.5m) and New Afton (US$424.7m).

Market Cap: US$7.5b

New Gold is of interest to investors who are rethinking bitcoin and looking closer at gold producers because it combines strong earnings momentum with a clear link to bullion, and its revenue and earnings are both forecast to grow rapidly. A P/E above the industry average sits alongside one estimate that the stock trades at a deep discount to fair value. This points to a more nuanced valuation story than a simple “cheap or expensive” label. High quality earnings, a 20.1% ROE and improving profit margins are balanced by elevated funding risk and a volatile share price. The key question is whether those gold linked growth prospects justify taking on that extra financial and price risk.

New Gold’s mix of high quality earnings, a 20.1% ROE and a P/E above the industry hints at a story many investors may be missing. To explore this further, walk through the 3 key rewards and 1 important warning sign

Northern Star Resources (CHIA:NST)

Overview: Northern Star Resources is an Australian gold miner that explores, develops, mines, processes and sells gold across major operations in Western Australia, the Northern Territory and Alaska, giving investors a direct link to physical gold production and prices.

Operations: Northern Star Resources generates revenue primarily from its KCGM (A$1.94b), Pogo (A$1.20b), Jundee (A$1.06b), Carosue Dam (A$1.03b), Thunderbox & Bronzewing (A$992.4m) and Kalgoorlie (A$736.5m) operations.

Market Cap: A$29.42b

Northern Star Resources sits squarely in the spotlight as investors reconsider bitcoin after Jeremy Grantham’s criticism and look for pure gold exposure instead. The company combines double digit forecast earnings and revenue growth with improving profitability, including net profit margins of 22.2%, which can be attractive for those who want operating leverage to the gold price. At the same time, a relatively high P/E, dividends that are not well covered by free cash flow and funding entirely from higher risk external sources mean the stock carries meaningful financial risk. Add in an active share buyback and intense pressure from Elliott Investment Management for governance and operational changes, and this results in a gold producer where both upside potential and execution risk are firmly in play.

Northern Star Resources could have its double digit growth story masking something more complex, and the next move may depend on what is hiding inside the 2 key rewards and 1 important warning sign

The three stocks discussed here are just a starting point, and the full Gold and Precious Metals Stocks screener surfaced 69 more companies with equally compelling gold and precious metals narratives, which you can review in the Gold and Precious Metals Stocks screener. Use Simply Wall St to identify and analyze the specific catalysts, financial traits and storylines that matter most so you can focus your attention on the highest conviction opportunities in this theme.

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If Endeavour Mining or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.