Undervalued Stocks Provide Access to Gold, Digital Assets, and Collectibles

Investors seeking exposure to alternative assets such as precious metals, cryptocurrency infrastructure, and pop-culture collectibles can find three publicly traded companies trading at valuations that remain modest in relation to their recent performance. Shares of SSR Mining Inc., CleanSpark Inc., and Funko Inc. offer distinct entry points into markets that often sit outside traditional equity and fixed-income portfolios.

Gold Exposure Through SSR Mining

Denver-based SSR Mining Inc. (NASDAQ: SSRM) operates gold and silver mines in the United States, Canada, Turkey, and Argentina. A sharp rise in precious-metal prices has pushed the stock 230% higher year-to-date, yet the company trades at roughly seven times forward earnings. The miner’s current production portfolio includes the Marigold mine in Nevada, Çöpler in Turkey, Seabee in Saskatchewan, and Puna in Argentina.

Strong commodity pricing has translated into “incredible earnings growth,” according to analysts who track the mid-tier producer. Consensus estimates indicate that revenue and free cash flow have improved materially over the past four quarters, helped by higher average realized gold prices and cost-control initiatives across the operating portfolio. Despite those gains, several research firms still classify SSR Mining as undervalued relative to sector peers.

The broader macro backdrop has supported gold demand as well. Central-bank purchases and persistent inflationary concerns have contributed to an environment in which bullion recently touched multi-year highs. The World Gold Council notes that spot prices surpassed the US$2,000 per ounce threshold during the third quarter, adding momentum to gold-related equities. For shareholders of SSR Mining, higher commodity pricing directly affects margins, given the company’s all-in sustaining cost guidance of roughly US$1,350 per ounce.

Digital-Asset Infrastructure Via CleanSpark

CleanSpark Inc. (NASDAQ: CLSK) operates Bitcoin mining facilities across Georgia and Washington and recently began allocating computing capacity to high-performance data-center services. The company reports profitable operations, posting trailing 12-month earnings that place the stock at approximately 12 times earnings. In addition to owning and operating mining rigs, CleanSpark manages energy procurement strategies designed to lower power costs—one of the largest expense items for proof-of-work miners.

While long-term academic studies often suggest that aggregate mining returns can converge toward zero when hardware depreciation and energy expenditure are fully accounted for, CleanSpark has attempted to mitigate that risk by diversifying revenue streams. Management has announced plans to dedicate part of its infrastructure to non-crypto computing workloads, positioning the firm to benefit from demand for artificial-intelligence training and other data-center services.

CleanSpark’s balance sheet shows positive net income for the most recent fiscal year and a growing hash rate following the acquisition of additional mining machines. That expansion places the company among the higher-capacity miners in North America, providing investors with direct exposure to Bitcoin price fluctuations as well as potential income from enterprise compute customers.

Collectibles Market Play With Funko

Funko Inc. (NASDAQ: FNKO), known for its vinyl “Pop!” figurines depicting characters from film, television, and gaming franchises, offers a route into the broader collectibles segment. The stock trades at roughly 0.2 times trailing 12-month sales after a steep sell-off tied to tariff concerns and licensing-agreement challenges. Despite those setbacks, the company retains an extensive catalog of intellectual-property licenses that underpin its product lineup.

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Funko’s revenue model relies on a combination of wholesale distribution to major retailers and direct-to-consumer sales through its online storefront. Tariff volatility over imported goods and renegotiation of certain licensing deals weighed on margins in recent quarters, prompting cost-reduction measures that include inventory write-downs and supply-chain consolidation. However, the firm continues to launch limited-edition releases and convention exclusives, segments that draw consistent demand from collectors and contribute to brand visibility.

Industry data from market-research providers show global collectibles sales advancing at a mid-single-digit growth rate, supported by increased online engagement and the expansion of fandom-driven communities. Funko participates in that trend by leveraging partnerships with entertainment studios and video-game publishers, allowing rapid response to new film or streaming-series releases.

Diversification Considerations

The three companies address different corners of the alternative-asset landscape: hard commodities, digital assets, and consumer collectibles. Each trades at a multiple below broader market averages, according to consensus valuation metrics. Investors evaluating portfolio diversification may find that exposure to gold mining operations, Bitcoin-focused computing infrastructure, and licensed pop-culture merchandise provides a mix of cash-flow profiles and risk factors distinct from conventional large-cap equities or fixed-income securities.

Because each business model reacts differently to macroeconomic variables—commodity prices for SSR Mining, Bitcoin pricing and energy costs for CleanSpark, and consumer-spending trends for Funko—their performance drivers remain largely uncorrelated. Market participants often seek such uncorrelated assets to reduce overall portfolio volatility, though future returns will ultimately depend on commodity cycles, regulatory developments, and consumer demand.

Crédito da imagem: vm / Getty Images