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Coeur d'Alene Mines is Among the Companies in the Precious Metals & Minerals Industry With the Lowest P/E Ratio (CDE, SWC, HWD)

Published on Mon, 04/15/2013 - 10:23
By Adrienne Chilton

Below are the three companies in the Precious Metals & Minerals industry with the lowest 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.

Coeur d'Alene Mines (NYSE:CDE) is lowest with a P/E ratio of 25.78. Coeur d'Alene Mines Corporation, through its subsidiaries, explores, develops, operates, and/or owns silver and gold mining properties and companies. The Company's properties are located primarily in the United States, Australia, and South America.

Potential upside of 91.0% exists for Coeur d'Alene Mines, based on a current level of $15.22 and analysts' average consensus price target of $29.08. The stock should find initial resistance at its 50-day moving average (MA) of $19.50 and further resistance at its 200-day MA of $22.26.

Stillwater Mining (NYSE:SWC) is next with a P/E ratio of 26.38.

Finishing up the bottom three is Harry Winston Diamond (NYSE:HWD), with a P/E ratio of 39.29.

By Adrienne Chilton