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Biggest Gold and Silver Sector Movers, Including GG
The market is on the rise this morning. The Nasdaq has moved up 0.1%; the S&P 500 is trading up 0.2%; and the Dow has risen 0.3%.
Outperforming the market overall, the Gold and Silver sector (SLV) is up 0.2% and its biggest movers so far today are:
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Increasing 6.9%, Silver Wheaton Corp (NYSE:SLW) is trading at $30.66 per share. The company's volume for the day so far is 3.9 million shares, 1.1 times its current three-month average. 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 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 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. The capitalizion ratio of 1.5% is on the low end. Low leverage is a significant balance sheet strength, a sign of a less risky investment. The capitalization ratio is one of the more meaningful debt ratios because it focuses on the relationship of debt liabilities as a component of a company's total capital base, which is the capital raised by shareholders and lenders.
After an increase of 2.9%, Silver Standard Resources Inc (Nasdaq:SSRI) has reached a current price of $13.53. So far today, the company's volume is 218,054 shares. This is on pace to fall short of yesterday's volume of 611,509 shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Valuation ratios include 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. SSRI has a low debt-equity ratio of 13%. This shows that the company's assets are financed primarily through equity. 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.
Coeur d'Alene (NYSE:CDE) has risen 2.7% to hit a current price of $18.89 per share. So far today, the company's volume is 701,820 shares, consistent with its current daily average. Volume indicates the level of interest that investors have in a company at its current price. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. CDE's stock is trading for less than its book value as can be seen from it's P/B value of 0.79. 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. A weakness of the P/B value ratio is that while the price component is easily determined by looking at the stock quote, the book value component is more difficult to estimate and more open to individual interpretation and analysis. SEE: Using The Price-To-Book Ratio To Evaluate Companies
IAMGOLD Corporation (NYSE:IAG) has decreased to $11.45 per share, a 2.1% fall. This morning, the company is trading a volume of 901,859 shares. If a stock price makes a big move up or down, volume lets us know the significance of that move. 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 dividend yield is measured by taking the annual dividends per share and dividing that number by the stock price. IAG's dividend yield is 2.1%. Just as with the yield on a bond or certificate of deposit, the higher the dividend yield, the higher the return to the investor. SEE: Investment Valuation Ratios: Dividend Yield
Yamana Gold Inc (NYSE:AUY) is up 1.9% to reach a current price of $15.31 per share. The company's volume is currently 1.9 million shares for the day, 0.3 times its average over the past three months. 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. There are generally two price/earnings ratios calculated: the first, called the trailing Price/Earnings ratio, is calculated using the previous years actual earnings; the second, called forward Price/Earnings ratio, is calculated using the next year's estimated earnings. AUY has a P/E ratio of 19.5. 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
After rising 1.8%, Randgold Resources Ltd (Nasdaq:GOLD) is currently trading at a share price of $97.01. The company's volume for the day so far is 198,604 shares. This is on pace to reach yesterday's trading volume of 408,928 shares. 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 use valuation ratios as tools to estimate what kind of deal a particular investment is. The debt ratio gives users a quick measure of the amount of debt that the company has on its balance sheets compared to its assets. GOLD's debt ratio of 13.4% 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.
Rising 1.6%, Goldcorp Inc (NYSE:GG) is currently trading at $37.72 per share. The company's volume is currently 1.3 million shares for the day, 0.2 times the average daily volume. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Valuation ratios allow the investor to make a quick determination as to a company's investment value. A price/sales ratio is derived by dividing stock market price by company sales. The P/S ratio for GG is 5.76, which is relatively high. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. 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.
Outperforming the market overall, the Gold and Silver sector (SLV) is up 0.2% and its biggest movers so far today are:
| Company | Market Cap | Percentage Change |
| Silver Wheaton Corp. (USA) (NYSE:SLW) | $10.15 billion | +6.9% |
| Silver Standard Resources Inc. (USA) (Nasdaq:SSRI) | $1.06 billion | +2.9% |
| Coeur d\'Alene Mines Corporation (NYSE:CDE) | $1.65 billion | +2.7% |
| IAMGOLD Corporation (USA) (NYSE:IAG) | $4.4 billion | -2.1% |
| Yamana Gold Inc. (USA) (NYSE:AUY) | $11.22 billion | +1.9% |
| Randgold Resources Ltd. (ADR) (Nasdaq:GOLD) | $8.75 billion | +1.8% |
| Goldcorp Inc. (USA) (NYSE:GG) | $30.1 billion | +1.6% |
Increasing 6.9%, Silver Wheaton Corp (NYSE:SLW) is trading at $30.66 per share. The company's volume for the day so far is 3.9 million shares, 1.1 times its current three-month average. 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 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 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. The capitalizion ratio of 1.5% is on the low end. Low leverage is a significant balance sheet strength, a sign of a less risky investment. The capitalization ratio is one of the more meaningful debt ratios because it focuses on the relationship of debt liabilities as a component of a company's total capital base, which is the capital raised by shareholders and lenders.
After an increase of 2.9%, Silver Standard Resources Inc (Nasdaq:SSRI) has reached a current price of $13.53. So far today, the company's volume is 218,054 shares. This is on pace to fall short of yesterday's volume of 611,509 shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Valuation ratios include 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. SSRI has a low debt-equity ratio of 13%. This shows that the company's assets are financed primarily through equity. 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.
Coeur d'Alene (NYSE:CDE) has risen 2.7% to hit a current price of $18.89 per share. So far today, the company's volume is 701,820 shares, consistent with its current daily average. Volume indicates the level of interest that investors have in a company at its current price. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. CDE's stock is trading for less than its book value as can be seen from it's P/B value of 0.79. 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. A weakness of the P/B value ratio is that while the price component is easily determined by looking at the stock quote, the book value component is more difficult to estimate and more open to individual interpretation and analysis. SEE: Using The Price-To-Book Ratio To Evaluate Companies
IAMGOLD Corporation (NYSE:IAG) has decreased to $11.45 per share, a 2.1% fall. This morning, the company is trading a volume of 901,859 shares. If a stock price makes a big move up or down, volume lets us know the significance of that move. 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 dividend yield is measured by taking the annual dividends per share and dividing that number by the stock price. IAG's dividend yield is 2.1%. Just as with the yield on a bond or certificate of deposit, the higher the dividend yield, the higher the return to the investor. SEE: Investment Valuation Ratios: Dividend Yield
Yamana Gold Inc (NYSE:AUY) is up 1.9% to reach a current price of $15.31 per share. The company's volume is currently 1.9 million shares for the day, 0.3 times its average over the past three months. 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. There are generally two price/earnings ratios calculated: the first, called the trailing Price/Earnings ratio, is calculated using the previous years actual earnings; the second, called forward Price/Earnings ratio, is calculated using the next year's estimated earnings. AUY has a P/E ratio of 19.5. 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
After rising 1.8%, Randgold Resources Ltd (Nasdaq:GOLD) is currently trading at a share price of $97.01. The company's volume for the day so far is 198,604 shares. This is on pace to reach yesterday's trading volume of 408,928 shares. 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 use valuation ratios as tools to estimate what kind of deal a particular investment is. The debt ratio gives users a quick measure of the amount of debt that the company has on its balance sheets compared to its assets. GOLD's debt ratio of 13.4% 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.
Rising 1.6%, Goldcorp Inc (NYSE:GG) is currently trading at $37.72 per share. The company's volume is currently 1.3 million shares for the day, 0.2 times the average daily volume. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Valuation ratios allow the investor to make a quick determination as to a company's investment value. A price/sales ratio is derived by dividing stock market price by company sales. The P/S ratio for GG is 5.76, which is relatively high. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. 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.
by
Investopedia Staff
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