RE: The VolumnHi jpepeng,
Investors has re-started investing in ELR because the company is doing, I mean, progressing very well these days and the Q4 financial resulrts are coming any day.
You know Gold prices are skyrocketing, so the platinum prices will do too.
I was reading analyst report from last week. He forcasted that platinum and copper are on the next to move up potentially.
He said mid 2011 platinum will be traded $2300
Investors are putting money into ELR because it has high earning growth rate, increased profitability and business longevity. It has really a consistent, sales volume, predictable financial performance, magnitude and dynamics of price movements volatility.
The analyst has recommendations to buy ELR. It has earning growth rate of 27%
which consideres to be excellent.
GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. .High growth stocks are believed to be able to justify high P/E ratios. Astock is commonly considered to be undervalued when GPE is greater than1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule ofthumb does not take into account the effect of interest rates on P/Eratios. The operative GPE ratio of 1.00 is valid when and only wheninterest rates equal 10%. With long-term interest rates currently at4.39%, the operative GPE ratio is 0.19.
Therefore, ELR may be considered to be undervalued.
The ELR share price targets has raisedby the following analysts.
RBC Capital $2.30
Canaccord Adams $2.09
UBS $1.90
Raymond James $1.70
Paradigm Research has rated ELR to buyELR
I am not an anlyst but do analysis on my own and believe in my target of $3.00 - $4.00 in the next 12 months.