Just as we examine companies each week that may be rising past their fair value, we can also find companies potentially trading at bargain prices. While many investors would rather have nothing to do with companies tipping the scales at 52-week lows, I think it makes a lot of sense to determine whether the market has overreacted to the downside, just as we often do to the upside.

Here's a look at three fallen angels trading near their 52-week lows that could be worth buying.

Gold in them thar hills
Just because I've recently shown a lot of love for the junior miners doesn't mean that I've completely forgotten about large-scale miners. AngloGold Ashanti (NYSE: AU) is one such miner that recently caught my attention for dangling dangerously close to a 52-week low after issuing its 2012 production forecast.

For the upcoming fiscal year, AngloGold is predicting that gold production will be in the range of 4.3 to 4.4 million ounces with a cash cost of $780 to $805 per ounce. Investors may have pounced on the stock because it implies relatively flat year-over-year production (4.33 million ounces in 2011) and higher cash costs ($728 per ounce in 2011). But considering that gold is on an 11-year winning streak, there's no reason to believe AngloGold won't top its fiscal 2011 EPS of $3.36. In fact, based on forward estimates, the company is trading below eight times fiscal 2013's forecast EPS. Let's not forget that AngloGold also more than doubled its dividend in 2011 from 2010. There's no reason with gold prices as high as they are that AngloGold's cash flow won't support a higher dividend.

No kiss kiss, no bang bang
There's no glory in bringing up the rear. Electronic Arts (Nasdaq: EA), the video-game maker responsible for recently popular games Battlefield 3, Star Wars: The Old Republic, and FIFA 12, is currently the worst-performing company in the Nasdaq 100 year to date. But should it be? I don't think so. Let me tell you why.

Electronic Arts fully understands that the future driving force behind its revenue will be its digital division. For the third quarter, digital revenue rose 79% with a 442% spike in full-game downloads and a 25% jump in mobile and digital handheld revenue. Overall, digital revenue comprised 23% of EA's third-quarter 2012 revenue while comprising only 15% of its third-quarter 2011 revenue. EA, like online-gaming rival Zynga (Nasdaq: ZNGA), is utilizing the power of social media and Facebook to get a larger audience for its products. EA signed a five-year deal with Facebook in late 2010 and all signs thus far point to that being a lucrative move. At 15 times forward earnings and the stock lagging the overall market, EA looks like it could be a joy to stick with over the coming years.

Capping gains?
It seems like natural gas plays are becoming a regular inclusion in this weekly series. Up this week is oil and gas exploration company Harvest Natural Resources (NYSE: HNR). The announcement by Chesapeake Energy (NYSE: CHK) -- a producer of 8.3% of the United States' natural gas -- that it was curtailing up to 70% of its dry gas capital expenditures in the upcoming year really crushed near-term hopes for gas plays. It also didn't help that Harvest has capped two wells in the past couple of months without a successful find. Still, Harvest has two key ingredients in its favor that could lead to its success.

First, Harvest's Venezuelan affiliate Petrodelta continues to grow at an incredible pace -- production was up 36% in the recent quarter. Investors might be writing off Harvest completely, but Petrodelta is keeping Harvest quite profitable. Harvest also noted that, despite its wells showing an unprofitable amount of hydrocarbons on their initial dig, Block 64 in Oman, of which it owns an 80% interest, does indeed have probable gas reservoirs. Accessing them is of course another story altogether. At less than five times forward earnings, I'd take the gamble on Harvest Natural.

Foolish roundup
Natural resources and video games -- that's what I call a fun weekend! When calmer heads prevail, these stocks should once again find their paths trending higher. I'm so confident these three names will bounce off their lows that I'm going to make a CAPScall of outperform on each one.

In the meantime, consider adding these potential winners to your free and personalized watchlist and get your own personal copy of our latest special report, "The Motley Fool's Top Stock for 2012," to see which company our chief investment officer has dubbed the "Costco of Latin America." Best of all, this report is completely free, so don't miss out!