It's been a bad day for the market after the morning's trading. The Nasdaq has decreased 0.2%; the S&P 500 has declined 0.4%; and the Dow is down 0.2%.
The Gold and Silver sector (SLV) is currently lagging behind the overall market, down 0.8%, and its current biggest movers are:
|Company||Market Cap||Percentage Change|
|AuRico Gold (NYSE:AUQ)||$2.13 billion||-3.3%|
|IAMGOLD Corporation (NYSE:IAG)||$6.01 billion||-2.1%|
|Barrick Gold Corporation (NYSE:ABX)||$39.93 billion||-1.7%|
|Agnico-Eagle Mines Limited (NYSE:AEM)||$9.03 billion||-1.2%|
|Seabridge Gold, Inc (NYSE:SA)||$798.6 million||-1%|
|Compania de Minas Buenaventura SA (NYSE:BVN)||$9.5 billion||-0.9%|
|Goldcorp Inc (NYSE:GG)||$35.8 billion||-0.8%|
Broker Summary: TD Ameritrade Thinkorswim
Slipping 3.3%, AuRico Gold (NYSE:AUQ) is currently trading at $7.31 per share. So far today, 871,070 shares have changed hands.
IAMGOLD Corporation (NYSE:IAG) has fallen 2.1% and is currently trading at $15.62 per share. At 844,994 shares, the company's volume so far today is 0.3 times the average daily volume.
Barrick Gold Corporation (NYSE:ABX) has decreased to $39.23 per share, a 1.7% fall. The company is trading at a volume of 2.7 million shares. This is on pace to reach yesterday's trading volume of 5.8 million shares.
At $52, Agnico-Eagle Mines Limited (NYSE:AEM) has slipped 1.2%. So far today, the company's volume is 444,209 shares, 0.3 times the current three-month average.
Falling 1%, Seabridge Gold, Inc (NYSE:SA) is currently at a share price of $18.19. The company is currently trading a volume of 41,480 shares.
Currently trading at $37 per share, Compania de Minas Buenaventura SA (NYSE:BVN) has fallen 0.9%. At 74,170 shares, the company's volume so far today is 0.1 times the average daily volume.
Goldcorp Inc (NYSE:GG) is down 0.8% to reach $43.81 per share. The company's volume for the day so far is 1.2 million shares. This is on pace to fall short of yesterday's volume of four million shares.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Daily stock performance should be weighed against historical performance and put in context of the market overall. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.