I don't believe PE ratios are a good way to assess mining companies given cyclical commodity prices. If anything the opposite holds true. At the top of the cycle earnings are high therefore PE is low , bad time to buy. At the end of a bust earnings are low therefore PE ratio may be high but a good time to buy
I don't believe PE ratios are a good way to assess mining...
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Last
$44.78 |
Change
-0.130(0.29%) |
Mkt cap ! $226.3B | |||
| Open | High | Low | Value | Volume |
| $44.56 | $44.82 | $44.46 | $87.73M | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 2071 | $44.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.78 | 5196 | 24 |
View Market Depth
| Last trade - 12.09pm 24/05/2024 (20 minute delay) ? |
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Last
$44.80 |
Change
-0.130 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $44.55 | $44.84 | $44.46 | 550054 | ||
| Last updated 12.28pm 24/05/2024 ? | |||||
| BHP (ASX) Chart |