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Covanta Holding Corporation Message Board

grape562000 1 post  |  Last Activity: Jul 4, 2016 5:03 AM Member since: Dec 6, 2008
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  • Reply to

    36million silver equivilent oz production

    by edmundaronson Jun 29, 2016 3:48 AM
    grape562000 grape562000 Jul 4, 2016 5:03 AM Flag

    P/E multiple x earnings = share price. Question is what P/E multiple is market giving the company. For miners, the range is usually 10-30. Growth of earnings would be a factor in P/E given CDE by Mr. Market. To be conservative, I expect CDE earnings x 20. CDE is fully valued 'now' in my opinion, but based on trailing and current earnings and assuming 1250 gold price (which of course is higher at this moment).

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