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RELATIVELY HIGH FORWARD EARNINGS YIELD DETECTED IN SHARES OF NORANDA ALUMINUM IN THE ALUMINUM INDUSTRY (NOR, CENX, AA, AWC, KALU)
Edited by : AL CIRCLE
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Below are the highest five companies in the Aluminum industry based on estimated 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 - Snapshot Report) has the highest Forward Earnings Yield of 11.3%; Century Aluminum (NASDAQ:CENX - Snapshot Report) is next with a Forward Earnings Yield of 10.7%; and Alcoa (NYSE:AA - Analyst Report) has the next highest with a Forward Earnings Yield of 8.1%.
Alumina (NYSE:AWC - Snapshot Report) follows with a Forward Earnings Yield of 5.9% and Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) rounds out the group with a Forward Earnings Yield of 4.2%.
SmarTrend currently has shares of Kaiser Aluminum in an Uptrend and issued the Uptrend alert on June 24, 2011 at $52.41. The stock has risen 6.5% since the Uptrend alert was issued.
Noranda Aluminum (NYSE:NOR - Snapshot Report) has the highest Forward Earnings Yield of 11.3%; Century Aluminum (NASDAQ:CENX - Snapshot Report) is next with a Forward Earnings Yield of 10.7%; and Alcoa (NYSE:AA - Analyst Report) has the next highest with a Forward Earnings Yield of 8.1%.
Alumina (NYSE:AWC - Snapshot Report) follows with a Forward Earnings Yield of 5.9% and Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) rounds out the group with a Forward Earnings Yield of 4.2%.
SmarTrend currently has shares of Kaiser Aluminum in an Uptrend and issued the Uptrend alert on June 24, 2011 at $52.41. The stock has risen 6.5% since the Uptrend alert was issued.
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