Gold producers are trading on low PEs, actually historically low PEs. That will not stop them going down further in the short term. But when the dust settles, POG will probably go up a lot as has happened in the past and there will be a rotation back into gold stocks in potentially a big way and they will take off and probably easily double in price.
While a PE may be the average in bear markets the PE can fall a lot more below the average especially when bubbles burst.
SPR Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)