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Highest Forward P/E Ratio in the Gold Industry Detected in Shares of Royal Gold Inc (RGLD, MUX, NEM, GORO, TAHO)

By David Diaz

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.

Royal Gold Inc ranks highest with a a forward P/E ratio of 51.28. McEwen Mining Inc is next with a a forward P/E ratio of 45.00. Newmont Mining ranks third highest with a a forward P/E ratio of 25.37.

Gold Resource Corporation follows with a a forward P/E ratio of 11.17, and Tahoe Resources rounds out the top five with a a forward P/E ratio of 10.77.

SmarTrend recommended that subscribers consider buying shares of Tahoe Resources on November 14th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $3.19. Since that recommendation, shares of Tahoe Resources have risen 14.1%. We continue to monitor Tahoe Resources for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio royal gold inc :mux mcewen mining inc newmont mining :goro gold resource corporation tahoe resources

Ticker(s): RGLD NEM TAHO