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Stock impact report

4 Low P/E Gold Stocks Just Hit New 52-Week Highs, Then Dropped [Forbes]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Forbes
The precious metals sector this year is outperforming most high P/E tech and social media stocks. Many gold and silver stocks still look classically cheap -- with P/E's that remain far below that of the market as a whole. The basic understanding of this phenonmenon among analysts is that interest rate cuts lead to inflation and gold is considered the inflation hedge of choice. Other factors such as the economic effects of tariffs also lead to precious metals investing. Beyond that, increased fear of world events benefits the sector. 4 Low P/E Gold Stocks With Recent New Highs Based in Vancouver, this gold and silver miner operates in its home country as well as in Peru, Argentina and West Africa. The market capitalization is $2.67 billion. The price earnings ratio is 16. The debt-to-equity ratio is .16. Earnings this year are up 77% and up over the past three years by 19%. Fortuna's price joined in the Friday metals sell-off and dropped 8.52%. This, after it had blasted up on Show less Read more
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