Yep, my thoughts exactly about profit taking tomorrow (also...

Yep, my thoughts exactly about profit taking tomorrow (also seems to be the norm in general for Fridays on the ASX). Longer term, though, UXC is hardly breaking new highs yet. It is below its trading range from mid-2012 to early 2014 ($1 to $1.25 during those days), and even after the current run-up still has an undemanding forward P/E (14.8 for FY15; 13.8 for FY16).

Speaking of forward earnings estimates, Thomson/Reuters states that five brokers supposedly cover UXC, down from 8 brokers in February. Even among the five remaining, I suspect that a couple of them are not providing broker updates. Many brokers covering UXC last year were small outfits that maybe can't afford to keep up with coverage. This may explain why consensus estimates for UXC have had minimal change recently and only some adjustment over the past few months. (Consensus target price rose a bit -- from 95c to $1 -- since Dec14, but sales, EBIT, NPAT etc estimates haven't moved much at all.)

In other words, I suspect that the broker consensus information includes some out of date reporting, such that UXC's forward P/E will be at least moderately higher than Thomson/Reuters (Yahoo, Bloomberg, etc) currently provide.