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Tickers in this Article: CDE, GOLD, SA, AUQ, EGO, GFI, BVN
It's been a bad day for the market after the morning's trading. The Nasdaq has declined 0.7%; the S&P 500 is trading down 0.7%; and the Dow has fallen 0.8%.

The Gold and Silver sector (SLV) is currently ahead of the overall market, down only 0.2%, and its biggest movers are currently:
CompanyMarket CapPercentage Change
Coeur d\'Alene Mines Corporation (NYSE:CDE)$1.41 billion+1.8%
Randgold Resources Ltd. (ADR) (Nasdaq:GOLD)$8.04 billion-1.8%
Seabridge Gold, Inc. (USA) (NYSE:SA)$620.5 million-1.5%
AuRico Gold Inc (NYSE:AUQ)$1.74 billion+1.5%
Eldorado Gold Corporation (USA) (NYSE:EGO)$7.46 billion-1.4%
Gold Fields Limited (ADR) (NYSE:GFI)$8.57 billion+1.3%
Compania de Minas Buenaventura SA (ADR) (NYSE:BVN)$9.36 billion-0.9%
Broker Summary: OptionsXpress Online Trading Platform

Coeur d'Alene (NYSE:CDE) is at $15.97 per share after an increase of 1.8%. The company is currently trading a volume of 378,794 shares. If a stock price makes a big move up or down, volume lets us know the significance of that move. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. CDE has a low debt ratio of 33.6%. 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.

Randgold Resources Ltd (Nasdaq:GOLD) has decreased to $86.27 per share, a 1.8% fall. So far today, the company's volume is 197,848 shares, 0.4 times the average volume over the last three months. 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. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). GOLD has a P/E ratio of 19.1. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Profit With The Power Of Price-To-Earnings

Seabridge Gold, Inc (NYSE:SA) has fallen 1.5% and is currently trading at $14.07 per share. The company's volume is currently 50,221 shares. This is a sign that there will be less trading activity than there was yesterday. Volume is an important indicator because it indicates how significant a price shift is. 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. The price/book value ratio is especially important for value investors as it can provide an indication of the true value of a company's assets at a time when its business model may be failing. The P/B ratio for SA is 2.81, indicating that the stock is trading for more than its book value. It is important to take the company's debt into account when using the P/B ratio as debt can boost a company's liabilities to the point where they wipe out much of the book value of its hard assets, creating artificially high P/B values. One problem with the P/B value ratio is that it can be difficult to calculate the true book value of a company, so investors should be aware that many measures of book value may provide only a rough estimate, and should be taken with a grain of salt. SEE: Using The Price-To-Book Ratio To Evaluate Companies

AuRico Gold (NYSE:AUQ) has risen 1.5% and is currently trading at $6.27 per share. At 1.2 million shares, the company's volume so far today is 0.3 times the average daily volume. 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 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. The P/S ratio for AUQ is a high 5.61. 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.

Currently trading at $10.31 per share, Eldorado Gold Corporation (NYSE:EGO) has fallen 1.4%. So far today, 949,467 shares have changed hands. 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. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The debt ratio is calculated by dividing total liabilities by total assets. EGO's debt ratio of 21.5% 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.

Gold Fields Limited (NYSE:GFI) has moved up 1.3% and is currently trading at $12 per share. With 1.6 million shares changing hands so far today, the company's volume is consistent with its average over the last three months. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. 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 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. GFI has a low debt-equity ratio of 33%. Companies with low D/E ratios are more attractive to investors because they are better able to protect their business interests in times of decline. 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.

Compania de Minas Buenaventura SA (NYSE:BVN) is down 0.9% to reach $36.46 per share. So far today, 142,929 shares of the company's stock have changed hands. At this rate, trading activity will likely be down from yesterday when 698,126 shares changed hands. 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. 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. Compared to the industry average of 0.84, BVN's P/E ratio of 9.8 is quite high. This could mean that the market is expecting big things over the next few months or years. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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