The Nasdaq has risen 1.1%, the S&P 500 has increased 0.8% and the Dow has moved up 0.6% on a good day for the market so far.
The Gold and Silver sector (SLV) is up 0.1%, underperforming the market overall. The biggest movers in the sector are currently:
|Company||Market Cap||Percentage Change|
|Seabridge Gold, Inc (NYSE:SA)||$839.4 million||-4.6%|
|AuRico Gold (NYSE:AUQ)||$2.37 billion||-2.6%|
|AngloGold Ashanti Limited (NYSE:AU)||$11.56 billion||+2.4%|
|Pan American Silver Corp (Nasdaq:PAAS)||$2.85 billion||-1.9%|
|Yamana Gold Inc (NYSE:AUY)||$12.96 billion||-1.7%|
|IAMGOLD Corporation (NYSE:IAG)||$4.4 billion||-1.4%|
|Silver Standard Resources Inc (Nasdaq:SSRI)||$1.22 billion||-1.3%|
Broker Summary: OptionsXpress Online Trading Platform
Currently trading at $17.97 per share, Seabridge Gold, Inc (NYSE:SA) has fallen 4.6%. So far this morning, 435,455 shares have changed hands. This is 0.9 times the average daily volume.
AuRico Gold (NYSE:AUQ) is trading at $8.18 per share, down 2.6%. The company's volume is currently 958,108 shares for the day, 0.4 times its current three-month average.
After rising 2.4%, AngloGold Ashanti Limited (NYSE:AU) is currently trading at a share price of $30.71. This morning, the company is trading a volume of 725,951 shares.
Pan American Silver Corp (Nasdaq:PAAS) is down 1.9% to reach $18.36 per share. So far today, the company's volume is 500,670 shares, with trading activity in keeping with yesterday's which is likely to result in less activity than yesterday's volume of 1.1 million shares.
Slipping 1.7%, Yamana Gold Inc (NYSE:AUY) is currently trading at $16.95 per share. The company's volume for the morning is 2.3 million shares. This is 0.4 times its average daily volume.
Falling 1.4%, IAMGOLD Corporation (NYSE:IAG) is currently at a share price of $11.52. With 545,271 shares changing hands so far today, the company's volume is 0.2 times the average volume over the last three months.
Silver Standard Resources Inc (Nasdaq:SSRI) has decreased to $14.91 per share, a 1.3% fall. So far today, the company's volume is 159,361 shares.
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. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.