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Gold and Silver Sector's Biggest Movers: Barrick Gold Corporation (USA) and More
The market has been doing well after the morning's trading. The Nasdaq is trading up 2.2%; the S&P 500 is up 2%; and the Dow has increased 1.8%.
Outperforming the market overall, the Gold and Silver sector (SLV) is up 2.2% and its biggest movers so far today are:
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After rising 5.7%, IAMGOLD Corporation (NYSE:IAG) is currently trading at a share price of $11.16. So far today, 768,930 shares have changed hands, lighter than yesterday's volume of 2.8 million shares. 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. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. IAG's P/E ratio is 5.3. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Can Investors Trust the P/E Ratio?
At $5.02, Silvercorp Metals Inc (NYSE:SVM) has slipped 3.5%. So far today, 1.1 million shares have changed hands. High volume indicates a lot of investor interest while low volume indicates the opposite. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. 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. The P/B ratio for SVM is 1.97, indicating that the stock is trading for more than its book value. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. 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: Investment Valuation Ratios: Price/Book Value Ratio
Gold Fields Limited (NYSE:GFI) has risen 2.5% and is currently trading at $13.29 per share. At 1.6 million shares, the company's volume so far today is consistent with its current three-month average. 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. For investors primarily interested in the income a stock can generate, the dividend yield is an important determinant of how attractive a stock is. GFI has a dividend yield of 4.7%. 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: Dividend Yield For The Downturn
Rising 2.4%, Pan American Silver Corp (Nasdaq:PAAS) is currently trading at $14.91 per share. This morning, the company's volume is 435,693 shares. This is 0.4 times its average daily volume. Volume is an important indicator because it indicates how significant a price shift is. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/sales ratio measures a company's stock market price by its revenues. The P/S ratio for PAAS is a high 3.8. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.
After an increase of 2.2%, Seabridge Gold, Inc (NYSE:SA) has reached a current price of $15.08. So far today, the company's volume is 85,691 shares, while it was 276,406 shares yesterday. In technical analysis, trading volume is used to determine the strength of a market indicator. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The easy-to-calculate debt ratio is helpful to investors looking for a quick take on the leverage for a company. SA's debt ratio of 5% is on the low side. This indicates that the company engages in conservative financing with opportunities to borrow in the future at no significant risk. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Silver Wheaton Corp (NYSE:SLW) has moved up 2.1% and is currently trading at $27.71 per share. The company's volume for the day so far is 1.2 million shares. 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 debt-equity (D/E) ratio is a leverage ratio. The debt-equity ratio of 3% 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.
Increasing 1.6%, Barrick Gold Corporation (NYSE:ABX) is trading at $32.66 per share. The company's volume is currently 2.6 million shares for the day, 0.3 times its current three-month average. Volume indicates the level of interest that investors have in a company at its current price. 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. ABX has a P/E ratio of 7.9. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: How To Find P/E And PEG Ratios
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. 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.
Outperforming the market overall, the Gold and Silver sector (SLV) is up 2.2% and its biggest movers so far today are:
| Company | Market Cap | Percentage Change |
| IAMGOLD Corporation (USA) (NYSE:IAG) | $3.97 billion | +5.7% |
| Silvercorp Metals Inc. (USA) (NYSE:SVM) | $887.7 million | -3.5% |
| Gold Fields Limited (ADR) (NYSE:GFI) | $9.37 billion | +2.5% |
| Pan American Silver Corp. (USA) (Nasdaq:PAAS) | $2.24 billion | +2.4% |
| Seabridge Gold, Inc. (USA) (NYSE:SA) | $640.9 million | +2.2% |
| Silver Wheaton Corp. (USA) (NYSE:SLW) | $9.6 billion | +2.1% |
| Barrick Gold Corporation (USA) (NYSE:ABX) | $32.16 billion | +1.6% |
After rising 5.7%, IAMGOLD Corporation (NYSE:IAG) is currently trading at a share price of $11.16. So far today, 768,930 shares have changed hands, lighter than yesterday's volume of 2.8 million shares. 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. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. IAG's P/E ratio is 5.3. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Can Investors Trust the P/E Ratio?
At $5.02, Silvercorp Metals Inc (NYSE:SVM) has slipped 3.5%. So far today, 1.1 million shares have changed hands. High volume indicates a lot of investor interest while low volume indicates the opposite. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. 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. The P/B ratio for SVM is 1.97, indicating that the stock is trading for more than its book value. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. 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: Investment Valuation Ratios: Price/Book Value Ratio
Gold Fields Limited (NYSE:GFI) has risen 2.5% and is currently trading at $13.29 per share. At 1.6 million shares, the company's volume so far today is consistent with its current three-month average. 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. For investors primarily interested in the income a stock can generate, the dividend yield is an important determinant of how attractive a stock is. GFI has a dividend yield of 4.7%. 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: Dividend Yield For The Downturn
Rising 2.4%, Pan American Silver Corp (Nasdaq:PAAS) is currently trading at $14.91 per share. This morning, the company's volume is 435,693 shares. This is 0.4 times its average daily volume. Volume is an important indicator because it indicates how significant a price shift is. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/sales ratio measures a company's stock market price by its revenues. The P/S ratio for PAAS is a high 3.8. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.
After an increase of 2.2%, Seabridge Gold, Inc (NYSE:SA) has reached a current price of $15.08. So far today, the company's volume is 85,691 shares, while it was 276,406 shares yesterday. In technical analysis, trading volume is used to determine the strength of a market indicator. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The easy-to-calculate debt ratio is helpful to investors looking for a quick take on the leverage for a company. SA's debt ratio of 5% is on the low side. This indicates that the company engages in conservative financing with opportunities to borrow in the future at no significant risk. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Silver Wheaton Corp (NYSE:SLW) has moved up 2.1% and is currently trading at $27.71 per share. The company's volume for the day so far is 1.2 million shares. 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 debt-equity (D/E) ratio is a leverage ratio. The debt-equity ratio of 3% 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.
Increasing 1.6%, Barrick Gold Corporation (NYSE:ABX) is trading at $32.66 per share. The company's volume is currently 2.6 million shares for the day, 0.3 times its current three-month average. Volume indicates the level of interest that investors have in a company at its current price. 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. ABX has a P/E ratio of 7.9. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: How To Find P/E And PEG Ratios
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. 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.
by
Investopedia Staff
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