TMCnet News
Relatively High Forward P/E Ratio Detected in Shares of Franco-Nevada in the Gold Industry (FNV, RGLD, AEM, EGO, GOLD)Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Gold industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Franco-Nevada ranks highest with a a forward P/E ratio of 38.42. Following is Royal Gold with a a forward P/E ratio of 36.98. Agnico-Eagle Mines ranks third highest with a a forward P/E ratio of 24.49. Eldorado Gold follows with a a forward P/E ratio of 17.34, and Randgold Resources rounds out the top five with a a forward P/E ratio of 14.31. SmarTrend is monitoring the recent change of momentum in Randgold Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Randgold Resources in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |