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Barrick Gold Corporation Among Gold and Silver's Biggest Movers on August 31, 2012
The Nasdaq is up 0.8%, the S&P 500 has climbed 0.8% and the Dow has moved up 0.9% on a good day for the market so far.
The Gold and Silver sector (SLV) is up 2.6%, outperforming the market overall. The biggest movers in the sector so far are:
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Silver Standard Resources Inc (Nasdaq:SSRI) is up 5.9% to reach a current price of $14.54 per share. The company's volume is currently 408,286 shares. Volume is an important indicator because it indicates how significant a price shift is. Valuation ratios allow the investor to make a quick determination as to a company's investment value. One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). SSRI's P/E ratio of 19.1 is above the industry average of 1.55. A company with a high P/E ratio will eventually have to live up to the high rating by substantially increasing its earnings, or the price will need to drop. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Investment Valuation Ratios: Price/Earnings Ratio
First Majestic (NYSE:AG) has moved up 5.2% and is currently trading at $19.45 per share. The company's volume for the day so far is 396,497 shares, in keeping with its current three-month average. Volume is used to evaluate how meaningful the price movement of a stock is. Valuation ratios like 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 are useful in determining how attractive a potential or existing investment is. The assumption with high price/earnings stocks (generally of the growth variety) is that investors are willing to buy at a high price because they believe that the stock has significant growth potential, and the price/earnings to growth (PEG) ratio helps investors determine the degree of reliability of that growth assumption. PEG ratio for AG is consistent with the industry average at 2.23. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
After rising 3.9%, Coeur d'Alene (NYSE:CDE) is currently trading at a share price of $22.80. The company is currently trading a volume of 533,901 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. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The price/book value ratio is one of the more common methods of determining whether a stock is fairly valued. The P/B ratio for CDE is 0.93 because the stock is trading for less than its book value. This could mean that either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets. P/B has its shortcomings but is still widely used as a valuation metric, more relevant for use by investors looking at capital-intensive or finance-related businesses, such as banks; book value does not carry much meaning for service-based firms with few tangible assets. SEE: How Buybacks Warps The Price-To-Book Ratio
Newmont Mining (NYSE:NEM) has risen 3.4% and is currently trading at $50.22 per share. At 2.4 million shares, the company's volume so far today is consistent with its current daily average. A stock's volume conveys how excited investors are about it. Investors can use valuation ratios as tools to estimate what kind of deal a particular investment is. The dividend yield is measured by taking the annual dividends per share and dividing that number by the stock price. NEM has a dividend yield of 2.9%. To calculate the dividend yield, divide the level of dividends by the stock price; the higher the yield, the more attractive the security. SEE: Dividend Yield For The Downturn
Rising 3.2%, Silver Wheaton Corp (NYSE:SLW) is currently trading at $33.94 per share. So far today, the company's volume is 2.6 million shares. The trading volume for a stock indicates the level of investor interest. 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. While measuring a price/earnings ratio (P/E ratio) is a popular valuation technique, the measure cannot be calculated for companies without earnings, so some investors analyze the price/sales ratio. SLW has a high P/S ratio of 12.2. This could be a good sign if the share price increases. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
After an increase of 2.9%, Goldcorp Inc (NYSE:GG) has reached a current price of $40.65. So far today, the company's volume is 2.5 million shares, 0.6 times the current three-month average. Volume is used to evaluate how meaningful the price movement of a stock is. 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. The debt ratio is calculated by dividing total liabilities by total assets. GG's debt ratio of 26.9% 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. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Increasing 2.8%, Barrick Gold Corporation (NYSE:ABX) is trading at $38.14 per share. This morning, the company is trading a volume of 3.7 million shares. High volume indicates a lot of investor interest while low volume indicates the opposite. 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. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. 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.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
The Gold and Silver sector (SLV) is up 2.6%, outperforming the market overall. The biggest movers in the sector so far are:
| Company | Market Cap | Percentage Change |
| Silver Standard Resources Inc (Nasdaq:SSRI) | $1.11 billion | +5.9% |
| First Majestic (NYSE:AG) | $2.13 billion | +5.2% |
| Coeur d\'Alene (NYSE:CDE) | $1.97 billion | +3.9% |
| Newmont Mining (NYSE:NEM) | $23.85 billion | +3.4% |
| Silver Wheaton Corp (NYSE:SLW) | $11.64 billion | +3.2% |
| Goldcorp Inc (NYSE:GG) | $32.02 billion | +2.9% |
| Barrick Gold Corporation (NYSE:ABX) | $37.11 billion | +2.8% |
Silver Standard Resources Inc (Nasdaq:SSRI) is up 5.9% to reach a current price of $14.54 per share. The company's volume is currently 408,286 shares. Volume is an important indicator because it indicates how significant a price shift is. Valuation ratios allow the investor to make a quick determination as to a company's investment value. One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). SSRI's P/E ratio of 19.1 is above the industry average of 1.55. A company with a high P/E ratio will eventually have to live up to the high rating by substantially increasing its earnings, or the price will need to drop. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Investment Valuation Ratios: Price/Earnings Ratio
First Majestic (NYSE:AG) has moved up 5.2% and is currently trading at $19.45 per share. The company's volume for the day so far is 396,497 shares, in keeping with its current three-month average. Volume is used to evaluate how meaningful the price movement of a stock is. Valuation ratios like 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 are useful in determining how attractive a potential or existing investment is. The assumption with high price/earnings stocks (generally of the growth variety) is that investors are willing to buy at a high price because they believe that the stock has significant growth potential, and the price/earnings to growth (PEG) ratio helps investors determine the degree of reliability of that growth assumption. PEG ratio for AG is consistent with the industry average at 2.23. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
After rising 3.9%, Coeur d'Alene (NYSE:CDE) is currently trading at a share price of $22.80. The company is currently trading a volume of 533,901 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. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The price/book value ratio is one of the more common methods of determining whether a stock is fairly valued. The P/B ratio for CDE is 0.93 because the stock is trading for less than its book value. This could mean that either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets. P/B has its shortcomings but is still widely used as a valuation metric, more relevant for use by investors looking at capital-intensive or finance-related businesses, such as banks; book value does not carry much meaning for service-based firms with few tangible assets. SEE: How Buybacks Warps The Price-To-Book Ratio
Rising 3.2%, Silver Wheaton Corp (NYSE:SLW) is currently trading at $33.94 per share. So far today, the company's volume is 2.6 million shares. The trading volume for a stock indicates the level of investor interest. 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. While measuring a price/earnings ratio (P/E ratio) is a popular valuation technique, the measure cannot be calculated for companies without earnings, so some investors analyze the price/sales ratio. SLW has a high P/S ratio of 12.2. This could be a good sign if the share price increases. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
After an increase of 2.9%, Goldcorp Inc (NYSE:GG) has reached a current price of $40.65. So far today, the company's volume is 2.5 million shares, 0.6 times the current three-month average. Volume is used to evaluate how meaningful the price movement of a stock is. 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. The debt ratio is calculated by dividing total liabilities by total assets. GG's debt ratio of 26.9% 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. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Increasing 2.8%, Barrick Gold Corporation (NYSE:ABX) is trading at $38.14 per share. This morning, the company is trading a volume of 3.7 million shares. High volume indicates a lot of investor interest while low volume indicates the opposite. 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. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. 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.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
by
Investopedia Staff
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