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Yamana Gold Inc and More Big Movers in Gold and Silver on September 26, 2012
The Nasdaq has fallen 1%, the S&P 500 has slipped 0.5% and the Dow has declined 0.2% on a bad morning for the market.
The Gold and Silver sector (SLV) is down 0.1%, outperforming the market overall. Currently, the biggest movers in the sector are:
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Endeavour Silver Corp (NYSE:EXK) is trading at $9.56 per share, down 3.2%. The company's volume is currently 1.2 million shares for the day,. If a stock price moves on high volume, this means that the change is a significant one. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the 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). EXK's P/E ratio of 33.4 is above the industry average of 3.43. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
After a decline of 3.1%, AngloGold Ashanti Limited (NYSE:AU) has hit a share price of $34.48. This morning, the company is trading a volume of 1.7 million shares. A stock's volume conveys how excited investors are about it. A company's investment value can be 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. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. AU has a debt-equity ratio of 44%, which is on the low side. A low D/E ratio may be a sign that the company is not taking advantage of leverage to increase its profits. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.
At $21.60, First Majestic (NYSE:AG) has slipped 2.8%. So far today, the company's volume is 791,825 shares, 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. Valuation ratios like 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 are useful in determining how attractive a potential or existing investment is. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. AG's P/B ratio of 5.76 shows that its share price is higher 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. To put things in perspective, should be made among companies in the same industry rather than across industries. SEE: Using The Price-To-Book Ratio To Evaluate Companies
Silver Wheaton Corp (NYSE:SLW) is currently trading at a share price of $37.07, a 2.5% decline. This morning, the company's volume is 3.7 million shares. This is in keeping with its current daily average. Volume indicates the level of interest that investors have in a company at its current price. 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. Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position - in other words, how much "bang for your buck" you are getting from dividends. SLW's dividend yield of 1.1% is fairly low. This may indicate that the company's stock is overpriced. Just as with the yield on a bond or certificate of deposit, the higher the dividend yield, the higher the return to the investor. SEE: Investment Valuation Ratios: Dividend Yield
Eldorado Gold Corporation (NYSE:EGO) has decreased to $14.37 per share, a 2.2% fall. So far today, 3.8 million shares have changed hands,. Volume is used to evaluate how meaningful the price movement of a stock is. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/sales ratio measures a company's stock market value by its total revenues or alternatively, a company's price per share by its revenue per share. EGO's P/S ratio of 7.65 is on the high side. This could be a good sign if the share price increases. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
Yamana Gold Inc (NYSE:AUY) has fallen 1.8% and is currently trading at $18.21 per share. The company is currently trading a volume of 3.4 million shares. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. The debt ratio for AUY is a low 32.3%. 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.
Pan American Silver Corp (Nasdaq:PAAS) is down 1.5% to reach $20.33 per share. With 1.7 million shares changing hands so far today, the company's volume is consistent with its current three-month average. Volume is an important indicator because it indicates how significant a price shift is. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. PAAS has a low capitalization ratio of 1.8%. Investors generally consider a company with low debt and high equity levels is a good quality investment. A low level of debt and a healthy proportion of equity in a company's capital structure is an indication of financial fitness.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
The Gold and Silver sector (SLV) is down 0.1%, outperforming the market overall. Currently, the biggest movers in the sector are:
| Company | Market Cap | Percentage Change |
| Endeavour Silver Corp (NYSE:EXK) | $979.9 million | -3.2% |
| AngloGold Ashanti Limited (NYSE:AU) | $13.71 billion | -3.1% |
| First Majestic (NYSE:AG) | $2.56 billion | -2.8% |
| Silver Wheaton Corp (NYSE:SLW) | $13.45 billion | -2.5% |
| Eldorado Gold Corporation (NYSE:EGO) | $10.48 billion | -2.2% |
| Yamana Gold Inc (NYSE:AUY) | $13.93 billion | -1.8% |
| Pan American Silver Corp (Nasdaq:PAAS) | $3.14 billion | -1.5% |
Endeavour Silver Corp (NYSE:EXK) is trading at $9.56 per share, down 3.2%. The company's volume is currently 1.2 million shares for the day,. If a stock price moves on high volume, this means that the change is a significant one. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the 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). EXK's P/E ratio of 33.4 is above the industry average of 3.43. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
After a decline of 3.1%, AngloGold Ashanti Limited (NYSE:AU) has hit a share price of $34.48. This morning, the company is trading a volume of 1.7 million shares. A stock's volume conveys how excited investors are about it. A company's investment value can be 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. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. AU has a debt-equity ratio of 44%, which is on the low side. A low D/E ratio may be a sign that the company is not taking advantage of leverage to increase its profits. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.
At $21.60, First Majestic (NYSE:AG) has slipped 2.8%. So far today, the company's volume is 791,825 shares, 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. Valuation ratios like 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 are useful in determining how attractive a potential or existing investment is. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. AG's P/B ratio of 5.76 shows that its share price is higher 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. To put things in perspective, should be made among companies in the same industry rather than across industries. SEE: Using The Price-To-Book Ratio To Evaluate Companies
Eldorado Gold Corporation (NYSE:EGO) has decreased to $14.37 per share, a 2.2% fall. So far today, 3.8 million shares have changed hands,. Volume is used to evaluate how meaningful the price movement of a stock is. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/sales ratio measures a company's stock market value by its total revenues or alternatively, a company's price per share by its revenue per share. EGO's P/S ratio of 7.65 is on the high side. This could be a good sign if the share price increases. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
Yamana Gold Inc (NYSE:AUY) has fallen 1.8% and is currently trading at $18.21 per share. The company is currently trading a volume of 3.4 million shares. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. The debt ratio for AUY is a low 32.3%. 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.
Pan American Silver Corp (Nasdaq:PAAS) is down 1.5% to reach $20.33 per share. With 1.7 million shares changing hands so far today, the company's volume is consistent with its current three-month average. Volume is an important indicator because it indicates how significant a price shift is. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. PAAS has a low capitalization ratio of 1.8%. Investors generally consider a company with low debt and high equity levels is a good quality investment. A low level of debt and a healthy proportion of equity in a company's capital structure is an indication of financial fitness.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
by
Investopedia Staff
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