ZA:ROYAL GOLD HAS A RELATIVELY HIGH PEG RATIO IN THE GOLD INDUSTRY (RGLD, NEM, ABX, NXG, EGO)
May 18, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the five companies in the Gold industry with the highest Price to Earnings to Growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.
Royal Gold (NASDAQ:RGLD) has the highest with a PEG Ratio of 8.88x; Newmont Mining (NYSE:NEM) is next with a PEG Ratio of 1.80x; and Barrick Gold (NYSE:ABX) has the next highest with a PEG Ratio of 1.72x.
Northgate Minerals (AMEX:NXG) follows with a PEG Ratio of 1.36x and Eldorado Gold (AMEX:EGO) rounds out the group with a PEG Ratio of 0.72x.
SmarTrend currently has shares of Barrick Gold in an Downtrend and issued the Downtrend alert on May 03, 2011 at $49.02. The stock has fallen 7.7% since the Downtrend alert was issued.
