Exhibit 10-8 presents data for nine major mining companies. Based on the information in Exhibit 10-8, which
Question:
Exhibit 10-8 presents data for nine major mining companies. Based on the information in Exhibit 10-8, which two mining companies seem to be the most undervalued?
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EXHIBIT 10-8 Data for Nine Major Mining Companies Ticker Company Symbol EV (C$millions) Operating Income (OI) (C$millions) EV/OI BHP Billiton BHP 197,112.00 9,794.00 20.1 Rio Tinto RIO 65,049.60 7,905.00 8.2 Anglo American AAL 48,927.30 6,208.00 7.9 Barrick Gold ABX 35,288.00 1,779.00 19.8 Goldcorp G 28,278.00 616.66 45.9 Newmont Mining NEM 22,040.80 1,385.00 15.9 AngloGold Ashanti AU 19,918.30 -362.00 -55.0 Alcoa AA 17,570.40 4,166.00 4.2 Freeport-McMoRan FCX 11,168.40 2,868.75 3.9 Copper & Gold
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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