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Molycorp has the Highest P/E Ratio in the Diversified Metals & Mining Industry (MCP, TIE, ACO, CMP, GSM)
Feb 10, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Diversified Metals & Mining industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Molycorp ranks highest with a a P/E ratio of 29.68. Following is Titanium Metals with a a P/E ratio of 25.30. AMCOL International ranks third highest with a a P/E ratio of 18.04.
Compass Minerals International follows with a a P/E ratio of 15.18, and Globe Specialty Metals rounds out the top five with a a P/E ratio of 14.26.
SmarTrend recommended that subscribers consider buying shares of Compass Minerals International on January 23rd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $72.57. Since that recommendation, shares of Compass Minerals International have risen 5.2%. We continue to monitor Compass Minerals International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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