Gold and Silver Stocks, Including Silver Wheaton Corp, Making Big Moves on November 14, 2012

By Investopedia Staff | November 14, 2012 AAA

The Nasdaq has declined 0.4%, the S&P 500 is trading down 0.5% and the Dow has fallen 0.7% on a bad morning for the market.

While the market overall has shown little change, the Gold and Silver sector (SLV) is up 1.1% and its current biggest movers are:

Company Market Cap Percentage Change
IAMGOLD Corporation (NYSE:IAG) $5.59 billion -17.2%
Randgold Resources Ltd (Nasdaq:GOLD) $9.94 billion -5.6%
First Majestic (NYSE:AG) $2.72 billion -5.1%
Compania de Minas Buenaventura SA (NYSE:BVN) $8.93 billion -4.5%
Silver Wheaton Corp (NYSE:SLW) $13.86 billion -3.7%
AngloGold Ashanti Limited (NYSE:AU) $12.71 billion -3.6%
Pan American Silver Corp (Nasdaq:PAAS) $2.98 billion -3.2%

Broker Summary: E-Trade Financial

Shares of IAMGOLD Corporation (NYSE:IAG) are currently trading at $12.30, a steep decline of 17.2%. So far today, the company's volume is 9.2 million shares.

After a decline of 5.6%, Randgold Resources Ltd (Nasdaq:GOLD) has hit a share price of $102.09. This morning, 833,806 shares have been traded, above yesterday's volume of 555,002 shares.

First Majestic (NYSE:AG) has decreased to $22.27 per share, a 5.1% fall. This morning, the company's volume is one million shares. This is 1.4 times its average daily volume.

Compania de Minas Buenaventura SA (NYSE:BVN) is down 4.5% to reach $33.53 per share. So far today, the company's volume is 1.3 million shares, 1.4 times the average volume over the last three months.

Currently trading at $37.69 per share, Silver Wheaton Corp (NYSE:SLW) has fallen 3.7%. The company's volume for the day so far is 4.7 million shares.

At $31.78, AngloGold Ashanti Limited (NYSE:AU) has slipped 3.6%. So far today, 1.7 million shares have changed hands, whereas yesterday, volume was only 857,476 shares.

Pan American Silver Corp (Nasdaq:PAAS) is currently trading at a share price of $18.94, a 3.2% decline. So far today, the company's volume is 1.6 million shares. This is 0.7 times the current daily average.

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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