TMCnet News
Highest P/E Ratio in the Gold Industry Detected in Shares of Allied Nevada Gold (ANV, RGLD, GOLD, GG, KGC)Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Gold 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.Allied Nevada Gold ranks highest with a a P/E ratio of 51.20. Following is Royal Gold with a a P/E ratio of 49.40. Randgold Resources ranks third highest with a a P/E ratio of 20.29. Goldcorp follows with a a P/E ratio of 19.01, and Kinross Gold rounds out the top five with a a P/E ratio of 13.14. SmarTrend recommended that its subscribers protect gains by selling shares of Allied Nevada Gold on October 26th, 2012 by issuing a Downtrend alert when the shares were trading at $37.15. Since that call, shares of Allied Nevada Gold have fallen 26.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 |