P/E ratio of the 10 biggest gold miners

Gold miners have been hit hard because of an anticipated drop in gold prices due to bad technicals, lack of quantitative easing, slowing economy in China, overal bearish analysts. Let's see how cheap these gold miners are.

The 10 biggest gold miners by market capitalization are the following with their (forward) P/E ratios:

		Market Cap ($US billion)	P/E	forward P/E
	Barrick Gold (ABX)	43	9,64	7,15
	Goldcorp (GG)	35,6	20	12,77
	Newmont Mining (NEM)	26	53	9
	Newcrest Mining (NCM)	22,5	20	12
	Anglogold Ashanti (AU)	14,3	10	7,3
	Yamana Gold (AUY)	11,5	21	10
	Kinross Gold (KGC)	11,4	15	8,33
	Gold Fields (GFI)	10	10	7
	Eldorado Gold (EGO)	7	22,5	13,8
	Polyus Gold (POLG)	7	13	13

To see my analysis go to: Gold Miners: A Buying Opportunity