Goldcorp Inc and Other Gold and Silver Stocks Making Big Moves on January 3, 2013

By Investopedia Staff | January 03, 2013 AAA

There has been little movement in the market so far this morning. The Nasdaq remains relatively unchanged; the S&P 500 has remained steady; and the Dow has been relatively flat.

The Gold and Silver sector (SLV) has risen 0.1% despite little change in the market overall. Currently, the biggest movers in the sector are:

Company Market Cap Percentage Change
Silvercorp Metals Inc (NYSE:SVM) $894.8 million -2.3%
Goldcorp Inc (NYSE:GG) $30.45 billion -2.1%
First Majestic (NYSE:AG) $2.47 billion -1.2%
Harmony Gold Mining Co (NYSE:HMY) $3.83 billion -1.1%
Eldorado Gold Corporation (NYSE:EGO) $9.47 billion -0.8%
Silver Wheaton Corp (NYSE:SLW) $13.12 billion -0.6%
Agnico-Eagle Mines Limited (NYSE:AEM) $9.17 billion -0.5%

Broker Summary: Charles Schwab Online Brokerage

Silvercorp Metals Inc (NYSE:SVM) is down 2.3% to reach $5.12 per share. So far today, 413,258 shares have changed hands.

Goldcorp Inc (NYSE:GG) is trading at $36.75 per share, down 2.1%. The company's volume is currently 1.4 million shares for the day, 0.3 times the current daily average.

Falling 1.2%, First Majestic (NYSE:AG) is currently at a share price of $20.91. The company's volume for the day so far is 221,613 shares. At this rate, trading activity will likely be down from yesterday when 730,923 shares changed hands.

Slipping 1.1%, Harmony Gold Mining Co (NYSE:HMY) is currently trading at $8.78 per share. With 471,855 shares changing hands so far today, the company's volume is 0.2 times the average volume over the last three months.

Currently trading at $13.15 per share, Eldorado Gold Corporation (NYSE:EGO) has fallen 0.8%. This morning, the company is trading a volume of 636,510 shares.

Silver Wheaton Corp (NYSE:SLW) has fallen 0.6% and is currently trading at $36.78 per share. At 767,610 shares, the company's volume so far today is 0.3 times its current daily average.

Agnico-Eagle Mines Limited (NYSE:AEM) has decreased to $53.08 per share, a 0.5% fall. The company's volume is currently 442,119 shares. This is on pace to fall short of yesterday's volume of 1.9 million shares.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

comments powered by Disqus
Related Analysis
  1. JPMorgan Chase & Co., Other Financial Stocks Strong During Market Retreat
    Stock Analysis

    JPMorgan Chase & Co., Other Financial Stocks Strong During Market Retreat

  2. Big Week for Fed Prognosis - Ahead of Wall Street
    Stock Analysis

    Big Week for Fed Prognosis - Ahead of Wall Street

  3. Bull of the Day: American Woodmark (AMWD) - Bull of the Day
    Stock Analysis

    Bull of the Day: American Woodmark (AMWD) - Bull of the Day

  4. Bear of the Day: Fred's (FRED) - Bear of the Day
    Stock Analysis

    Bear of the Day: Fred's (FRED) - Bear of the Day

  5. Tepid Market Waters Across the Globe - Ahead of Wall Street
    Stock Analysis

    Tepid Market Waters Across the Globe - Ahead of Wall Street

Trading Center