Below are the three companies in the Precious Metals & Minerals industry with the lowest 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.
Silver Wheaton (NYSE:SLW) is lowest with a PEG ratio of 0.56. Silver Wheaton Corporation purchases and sells by-product silver from operating mines. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece and the United States. Thus far today, Silver Wheaton has traded 767,000 shares, vs. average volume of 2.9 million shares per day. The stock has outperformed the Dow (1.0% to the Dow's 0.2%) and outperformed the S&P 500 (1.0% to the S&P's 0.1%) during today's trading.
Pan American Silver (NASDAQ:PAAS) is next with a PEG ratio of 0.75.
Finishing up the bottom three is First Majestic Silver (NYSE:AG), with a PEG ratio of 1.18.