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Highest Forward Earnings Yield in the Aluminum Industry Detected for Noranda Aluminum (NOR, AA, AWC)
Edited by : AL CIRCLE
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Below are the three companies in the Aluminum 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.
Noranda Aluminum (NYSE:NOR) is highest with forward earnings yield of 15.2%. Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills.
Noranda Aluminum (NYSE:NOR) has potential upside of 41.6% based on a current price of $8.30 and analysts' consensus price target of $11.75. Noranda Aluminum shares should first meet resistance at the 50-day moving average (MA) of $8.48 and find additional resistance at the 200-day MA of $12.04. Alcoa (NYSE:AA) is next with forward earnings yield of 9.2%.
Finishing up the top three is Alumina (NYSE:AWC), with forward earnings yield of 5.9%.
Noranda Aluminum (NYSE:NOR) is highest with forward earnings yield of 15.2%. Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills.
Noranda Aluminum (NYSE:NOR) has potential upside of 41.6% based on a current price of $8.30 and analysts' consensus price target of $11.75. Noranda Aluminum shares should first meet resistance at the 50-day moving average (MA) of $8.48 and find additional resistance at the 200-day MA of $12.04. Alcoa (NYSE:AA) is next with forward earnings yield of 9.2%.
Finishing up the top three is Alumina (NYSE:AWC), with forward earnings yield of 5.9%.
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