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Lowest P/E Ratio in the Diversified Metals & Mining Industry Detected for Gulf Resources (GURE, FCX, SCCO)

Published on Wed, 05/15/2013 - 10:35
By Robert Cotter

Below are the three companies in the Diversified Metals & Mining 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.

Gulf Resources (NASDAQ:GURE) is lowest with a P/E ratio of 2.63. Gulf Resources Inc. manufactures chemical products for use in oil and gas field explorations, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents, and inorganic chemical. Gulf Resources has traded 70,000 shares thus far today, vs. average volume of 87,000 shares per day. The stock has underperformed the Dow (-0.9% to the Dow's 0.0%) and underperformed the S&P 500 (-0.9% to the S&P's 0.0%) during today's trading.

Following is Freeport-McMoRan (NYSE:FCX) with a P/E ratio of 9.87.

Finishing up the bottom three is Southern Copper (NYSE:SCCO), with a P/E ratio of 12.79.

By Robert Cotter
rcotter@fnno.com