The prices of precious metals have been rising all the way, with the valuations of nine concept stocks such as Zijin Mining trading at less than 30 times earnings.

Since the beginning of this year, the global precious metals prices have been volatile. Gold and silver prices have continuously reached new highs, and recently palladium and platinum futures listed on the Guangzhou Futures Exchange in November have seen consecutive large gains. According to Securities Times data, there are a total of 18 concept stocks related to precious metals in A-shares, with an average increase of 97.03% since the beginning of the year. Stocks such as Zhaojin Gold, Shengda Resources, and Western Gold have all seen cumulative gains of over 100%. After the continuous rise, the valuation of precious metal concept stocks is now relatively high, with a median rolling price-earnings ratio of 33.12 times. Among them, Zhaojin Gold, Silver Color, and Xiaocheng Technology have a price-earnings ratio of over 100 times, but there are still 9 stocks with a price-earnings ratio below 30 times, including Zijin Mining, Chifeng Gold, Guoyan Platinum Industry, and Shanjing International.