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Tickers in this Article: BVN, CDE, AU, HMY, SA, ABX, GG
The market is having a bad day so far. The Nasdaq has declined 0.1%; the S&P 500 has decreased 0.1%; and the Dow has fallen 0.1%.

Despite a bad day for the market overall so far, the Gold and Silver sector (SLV) is up 0.4% and its biggest movers are currently:
CompanyMarket CapPercentage Change
Compania de Minas Buenaventura SA (NYSE:BVN).66 billion+1.9%
Coeur d\'Alene (NYSE:CDE).96 billion+1.9%
AngloGold Ashanti Limited (NYSE:AU).44 billion-1.8%
Harmony Gold Mining Co (NYSE:HMY).1 billion-1.7%
Seabridge Gold, Inc (NYSE:SA)3.5 million+1.5%
Barrick Gold Corporation (NYSE:ABX).5 billion+1.5%
Goldcorp Inc (NYSE:GG).35 billion+1.2%
Broker Summary: Charles Schwab Online Brokerage

Compania de Minas Buenaventura SA (NYSE:BVN) has moved up 1.9% and is currently trading at $34.70 per share. The company's volume for the morning is 176,625 shares. This is 0.2 times the current daily average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The debt ratio is calculated by dividing total liabilities by total assets. BVN's debt ratio of 17.9% is on the low side. In other words, the company is less sensitive to changes in business or interest rates since less of its cash flow is dedicated to paying off loan expenses. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.

After rising 1.9%, Coeur d'Alene (NYSE:CDE) is currently trading at a share price of $22.23. So far today, the company's volume is 366,444 shares, which is likely to result in less activity than yesterday's volume of 1.2 million shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. To a large degree, the debt-equity (D/E) ratio provides another vantage point on a company's leverage position, in this case, comparing total liabilities to shareholders' equity, as opposed to total assets in the debt ratio. The debt-equity ratio of 9% is relatively low. This shows that the company's assets are financed primarily through equity. The D/E ratio percentage provides a much more dramatic perspective on a company's leverage position than the debt ratio percentage.

AngloGold Ashanti Limited (NYSE:AU) is down 1.8% to reach $31.71 per share. So far today, the company's volume is 1.1 million shares. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. A company's capitalization (not to be confused with its market capitalization) is the term used to describe the makeup of a company's permanent or long-term capital, which consists of both long-term debt and shareholders' equity. AU has a fairly low capitalization ratio of 29.3%. Low leverage is a significant balance sheet strength, a sign of a less risky investment. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion.

Harmony Gold Mining Co (NYSE:HMY) is currently trading at a share price of $9.36, a 1.7% decline. So far today, the company's volume is 964,221 shares, consistent with its average over the last three months. A stock's volume conveys how excited investors are about it. A company's investment value can be estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. If the price/book value ratio of a stock is high, it may indicate that the stock is expensive, while a lower ratio may indicate that the stock is a bargain. HMY has a P/B ratio of 0.93, which shows that its book value is higher than its share price. Industries that require more infrastructure capital (for each dollar of profit) will usually trade at P/B ratios much lower than those that don't. Users need to be careful when applying this ratio though, as it is more useful for industrial companies that have a lot of tangible assets than it is for technology or consumer product companies that may not have much in the way of hard assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies

Seabridge Gold, Inc (NYSE:SA) has risen 1.5% and is currently trading at $16.67 per share. This morning, the company's volume is 109,840 shares. This is 0.4 times the average daily volume. High volume indicates a lot of investor interest while low volume indicates the opposite. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The debt ratio shows the proportion of assets that a company is financing through debt. SA has a low debt ratio of 4.9%. A low debt ratio means the company has more available cash flow. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.

Rising 1.5%, Barrick Gold Corporation (NYSE:ABX) is currently trading at $38.04 per share. The company's volume is currently three million shares for the day, with trading activity in keeping with yesterday's. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The debt-equity (D/E) ratio is a measurement of how much suppliers, lenders, creditors and obligors have committed to the company versus what the shareholders have committed. ABX has a D/E ratio of 56%. This easy-to-calculate ratio provides a general indication of a company's equity-liability relationship and is helpful to investors looking for a quick take on a company's leverage.

Goldcorp Inc (NYSE:GG) has increased to a share price of $40.37, a 1.2% rise. The company is currently trading a volume of 1.1 million shares. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. GG's capitalization ratio is 3.4%, which is relatively low. A low capitalization ratio can signify a failure to leverage equity into investment, missing valuable opportunities for growth and expansion. This ratio is considered to be one of the more meaningful of the "debt" ratios - it delivers the key insight into the use of leverage by a company.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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