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Goldcorp Inc and More Big Movers in Gold and Silver on November 29, 2012

November 29, 2012 | Filed Under »
Tickers in this Article » GFI, AU, SSRI, GG, AUY, EGO, IAG
The market is doing well so far today. The Nasdaq has increased 0.5%; the S&P 500 has risen 0.5%; and the Dow has moved up 0.4%.

Outperforming the market overall, the Gold and Silver sector (SLV) is up 1.7% and its biggest movers so far today are:
CompanyMarket CapPercentage Change
Gold Fields Limited (NYSE:GFI)$8.87 billion+4%
AngloGold Ashanti Limited (NYSE:AU)$12.11 billion+2.3%
Silver Standard Resources Inc (Nasdaq:SSRI)$1.14 billion+1.9%
Goldcorp Inc (NYSE:GG)$33.28 billion-1.8%
Yamana Gold Inc (NYSE:AUY)$14.71 billion-1.6%
Eldorado Gold Corporation (NYSE:EGO)$11.02 billion-1.6%
IAMGOLD Corporation (NYSE:IAG)$4.57 billion-1.5%
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After an increase of 4%, Gold Fields Limited (NYSE:GFI) has reached a current price of $12.32. So far today, the company's volume is 2.8 million shares.

After rising 2.3%, AngloGold Ashanti Limited (NYSE:AU) is currently trading at a share price of $31.36. So far today, the company's volume is 667,213 shares, while it was two million shares yesterday.

Silver Standard Resources Inc (Nasdaq:SSRI) has risen 1.9% to hit a current price of $13.41 per share. The company is currently trading a volume of 289,131 shares. This is consistent with the average over the past three months.

Goldcorp Inc (NYSE:GG) has decreased to $38.92 per share, a 1.8% fall. So far today, the company's volume is 1.4 million shares, 0.3 times the current daily average.

Yamana Gold Inc (NYSE:AUY) is trading at $19.25 per share, down 1.6%. The company's volume for the day so far is 2.2 million shares.

Currently trading at $14.60 per share, Eldorado Gold Corporation (NYSE:EGO) has fallen 1.6%. So far today, 1.5 million shares have changed hands, lighter than yesterday's volume of 4.9 million shares.

At $11.85, IAMGOLD Corporation (NYSE:IAG) has slipped 1.5%. So far today, one million shares have changed hands. This is 166.6 times its current three-month average.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. 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.

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