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Highest Forward Earnings Yield in the Aluminum Industry Detected in Shares of Noranda Aluminum
Edited by : AL CIRCLE
1 min read
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 ranks highest with a forward earnings yield of 9.5%. Following is Alumina with a forward earnings yield of 5.0%. Alcoa ranks third highest with a forward earnings yield of 4.9%.
Kaiser Aluminum follows with a forward earnings yield of 4.5%, and Century Aluminum rounds out the top five with a forward earnings yield of 2.2%.
SmarTrend recommended that subscribers consider buying shares of Noranda Aluminum on December 13th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $8.83. Since that recommendation, shares of Noranda Aluminum have risen 27.6%. We continue to monitor Noranda Aluminum for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Kaiser Aluminum follows with a forward earnings yield of 4.5%, and Century Aluminum rounds out the top five with a forward earnings yield of 2.2%.
SmarTrend recommended that subscribers consider buying shares of Noranda Aluminum on December 13th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $8.83. Since that recommendation, shares of Noranda Aluminum have risen 27.6%. We continue to monitor Noranda Aluminum for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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