Since this year, global precious metals prices have not been calm. Among them, gold and silver prices have continued to reach record highs. Palladium and platinum futures, which were listed on the Guangzhou Futures Exchange in November this year, have continued to rise sharply recently. According to statistics from the Securities Times and Databao, there are 18 precious metal concept stocks in A-shares, with an average increase of 97.03% from the beginning of the year. The cumulative increase of 9 stocks, including Zhaojin Gold, Shengda Resources, and Western Gold, has exceeded 100%. After continuing to rise, the valuation of precious metals concept stocks is already at a relatively high level. The median rolling price-earnings ratio has reached 33.12 times. Among them, the latest price-earnings ratio of Zhaojin Gold, Silver, and Xiaocheng Technology is more than 100 times, yet 9 stocks still have price-earnings ratios below 30 times, including Zijin Mining, Chifeng Gold, Guiyan Platinum, and Shanjin International.

Since this year, global precious metals prices have not been calm. Among them, gold and silver prices have continued to reach record highs. Palladium and platinum futures, which were listed on the Guangzhou Futures Exchange in November this year, have continued to rise sharply recently. According to statistics from the Securities Times and Databao, there are 18 precious metal concept stocks in A-shares, with an average increase of 97.03% from the beginning of the year. The cumulative increase of 9 stocks, including Zhaojin Gold, Shengda Resources, and Western Gold, has exceeded 100%. After continuing to rise, the valuation of precious metals concept stocks is already at a relatively high level. The median rolling price-earnings ratio has reached 33.12 times. Among them, the latest price-earnings ratio of Zhaojin Gold, Silver, and Xiaocheng Technology is more than 100 times, yet 9 stocks still have price-earnings ratios below 30 times, including Zijin Mining, Chifeng Gold, Guiyan Platinum, and Shanjin International.