RE: RE: Who would have thought .... "We are now trading at a forward PE of 1-2. Cheap : )" Ultra cheap more like it.
Just read an article on how cheap the miners are and they consider these to be cheap.
GG is trading at a trailing P/E of 20.1, and a forward-looking P/E of 11.65.
ABX is priced at only 8.8 times trailing income, and only 6.6 times forecasted income.
NEM is priced at a frothy P/E of 69.9
And, AUY is currently trading at 19.4 times its trailing income, and only 9.4 times its projected profit.
Miners are not getting any love right now. I have a feeling that will change big time.
https://www.smallcapnetwork.com/Did-New-Unemployment-Claims-Just-Torpedo-NEM-GG-ABX-and-AUY-again/s/via/1789/article/view/p/mid/1/id/151/