http://www.fnno.com/story/fast-lane/331-highest-forward-earnings-yield-gold-industry-detected-nevsun-resources-nsu-ocanf-bvn-auto-generated
Highest Forward Earnings Yield in the Gold Industry Detected for Nevsun
Resources (NSU, OCANF, BVN)
Published on Wed, 05/21/2014 - 11:11
Below are the three companies in the Gold industry with the highest forward
earnings yields. Using projected earnings for the current fiscal year, the
forward earnings yield is useful to compare a stock's return vs. owning a
similar stock or other yield assets (e.g. bonds). Generally, the higher the
earnings yield, the more undervalued the stock.
Nevsun Resources (AMEX:NSU) is highest with forward earnings yield of
17.4%. Nevsun Resources Ltd. is a gold producer and base metal developer.
The Company has a gold-copper-zinc mine in Eritrea. Thus far today, Nevsun
Resources has traded 36,000 shares, vs. average volume of 390,000 shares
per day. The stock has underperformed the Dow (-1.4% to the Dow's 0.9%) and
underperformed the S&P 500 (-1.4% to the S&P's 0.6%) during today's trading.
OceanaGold (NASDAQ:OCANF) is next with forward earnings yield of 10.3%.
Finishing up the top three is Cia de Minas Buenaventura (NYSE:BVN), with
forward earnings yield of 7.8%.
By Peter Chu
pchu_at_fnno.com
Received on Wed May 21 2014 - 22:08:34 EDT