Iluka Resources Limited (ASX:ILU) Stock Catapults 35% Though Its Price And Business Still Lag The Market
Despite an already strong run, Iluka Resources Limited (ASX:ILU) shares have been powering on, with a gain of 35% in the last thirty days. Taking a wider view, although not as strong as the last month, the full year gain of 14% is also fairly reasonable.
Even after such a large jump in price, Iluka Resources may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 17x, since almost half of all companies in Australia have P/E ratios greater than 22x and even P/E’s higher than 41x are not unusual. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6%…
