Free Annual Reports
Newmont Mining Among Gold and Silver's Biggest Movers on November 9, 2012
The market is on the rise this morning. The Nasdaq has increased 0.9%; the S&P 500 has risen 0.5%; and the Dow has moved up 0.2%.
Underperforming the market overall, the Gold and Silver sector (SLV) is up 0.6%, and these are its current biggest movers:
Software Summary: Finviz.com Stock Screener
Randgold Resources Ltd (Nasdaq:GOLD) has fallen 2.4% and is currently trading at $112.20 per share. So far today, 242,222 shares have changed hands.
After a decline of 1.8%, Coeur d'Alene (NYSE:CDE) has hit a share price of $25.08. The company's volume for the day so far is 683,762 shares, 0.2 times the current three-month average.
Kinross Gold Corporation (NYSE:KGC) has risen 1.4% to hit a current price of $10.28 per share. So far today, the company's volume is 7.8 million shares. At this rate, trading activity will likely be down from yesterday when 25.6 million shares changed hands.
Slipping 1.2%, Royal Gold (Nasdaq:RGLD) is currently trading at $88.56 per share. The company's volume is currently 297,941 shares for the day, 0.3 times the average daily volume.
Newmont Mining (NYSE:NEM) is trading at $48.23 per share, down 1.2%. The company's volume for the day so far is 1.6 million shares.
Silvercorp Metals Inc (NYSE:SVM) has risen 1.1% and is currently trading at $6.18 per share. The company's volume is currently 402,982 shares for the day, 0.4 times its current three-month average.
Rising 1.1%, Silver Standard Resources Inc (Nasdaq:SSRI) is currently trading at $15.10 per share. So far today, 249,047 shares of the company's stock have changed hands. At this rate, trading activity will likely be down from yesterday when 929,170 shares changed hands.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. 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.
Underperforming the market overall, the Gold and Silver sector (SLV) is up 0.6%, and these are its current biggest movers:
| Company | Market Cap | Percentage Change |
| Randgold Resources Ltd (Nasdaq:GOLD) | $10.57 billion | -2.4% |
| Coeur d\'Alene (NYSE:CDE) | $2.3 billion | -1.8% |
| Kinross Gold Corporation (NYSE:KGC) | $11.56 billion | +1.4% |
| Royal Gold (Nasdaq:RGLD) | $5.76 billion | -1.2% |
| Newmont Mining (NYSE:NEM) | $23.99 billion | -1.2% |
| Silvercorp Metals Inc (NYSE:SVM) | $1.04 billion | +1.1% |
| Silver Standard Resources Inc (Nasdaq:SSRI) | $1.21 billion | +1.1% |
Randgold Resources Ltd (Nasdaq:GOLD) has fallen 2.4% and is currently trading at $112.20 per share. So far today, 242,222 shares have changed hands.
After a decline of 1.8%, Coeur d'Alene (NYSE:CDE) has hit a share price of $25.08. The company's volume for the day so far is 683,762 shares, 0.2 times the current three-month average.
Kinross Gold Corporation (NYSE:KGC) has risen 1.4% to hit a current price of $10.28 per share. So far today, the company's volume is 7.8 million shares. At this rate, trading activity will likely be down from yesterday when 25.6 million shares changed hands.
Newmont Mining (NYSE:NEM) is trading at $48.23 per share, down 1.2%. The company's volume for the day so far is 1.6 million shares.
Silvercorp Metals Inc (NYSE:SVM) has risen 1.1% and is currently trading at $6.18 per share. The company's volume is currently 402,982 shares for the day, 0.4 times its current three-month average.
Rising 1.1%, Silver Standard Resources Inc (Nasdaq:SSRI) is currently trading at $15.10 per share. So far today, 249,047 shares of the company's stock have changed hands. At this rate, trading activity will likely be down from yesterday when 929,170 shares changed hands.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. 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
Investopedia.com believes that individuals can excel at managing their financial affairs. As such, we strive to provide free educational content and tools to empower individual investors, including thousands of original and objective articles and tutorials on a wide variety of financial topics.
Free Annual Reports
