|Bid||2.52 x 38500|
|Ask||2.53 x 46000|
|Day's Range||2.51 - 2.59|
|52 Week Range||2.30 - 3.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.02 (0.82%)|
|1y Target Est||3.86|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to break down the latest market moves. Here's the performance of select mining stocks as of 11:30 am EDT: GOLD(HB) Randgold Resources ADS 6.98% ABX Barrick Gold 5.92% GFI Gold Fields Ltd 4.10% OR(HB) Osisko Gold Royalties Ltd 3.23% BTG(HB) B2Gold Corp 2.24% AUY(HB) Yamana Gold Inc 2.21% MUX(HB) McEwen Mining Inc 1.87% AGI(HB) Alamos Gold Inc 1.72% RGLD Royal Gold Inc 1.64% SSRM SSR Mining Inc 1.61% IAG IAMGold Corp 1.54% CDE Coeur Mining Inc 1.43% PVG(HB) Pretium Resources Inc 1.36% GG Goldcorp Inc 1.23% KGC Kinross Gold Corp 1.19% AU(HB) Anglogold Ashanti Ltd 1.14% PAAS Pan Amer Silver 0.97% AG(HB) First Majestic Silver Corp 0.70% SBGL Sibanye Gold Ltd 0.60% HMY Harmony Gold Mining ADR 0.53% TAHO Tahoe Resources Inc 0.35% AEM Agnico Eagle Mines Ltd -0.37% FNV Franco-Nevada Corp. -0.44% HL(HB) Hecla Mining -0.67% WPM Wheaton Precious Metals Corp -0.71% NEM Newmont Mining -0.73% NGD(HB) New Gold Inc -2.68% International stocks: Zhaojin Mining Industry Co Ltd 1818 HK Zijin Mining Group Co Ltd 2899 HK Cia De Minas Buenaventura Saa BVN Centerra Gold Inc CG CN Endeavour Mining Corp EDV CN Eldorado Gold Corp EGO Evolution Mining Ltd EVN AU Centamin Plc CEY LN Detour Gold Corp DGC CN Fortuna Silver Mines Inc FVI CN Guyana Goldfields Inc GUY CN Kirkland Lake Gold Ltd KL CN Newcrest Mining Ltd NCM AU Northern Star Resources Ltd NST AU Oceanagold Corp OGC CN Regis Resources Ltd RRL AU Resolute Mining Ltd RSG AU Sandstorm Gold Ltd SAND Saracen Mineral Holdings Ltd SAR AU St Barbara Ltd SBM AU Semafo Inc SMF CN Torex Gold Resources Inc TXG CN
The Canadian mid-tier gold producer's stock has not hit a new 52-week low yet, but the share price is just a few cents above the lowest price listed by the technical indicator. Yamana Gold is trading cheaply on the New York Stock Exchange. Following a 12% drop in the market value for the 52 weeks through Sept. 12 the share price is $2.50 as of Thursday morning, and is below the 200-, 100- and 50-day simple moving average lines.
Compounded with the drop in the price of gold, mixed earnings reports sent several gold mining companies' stocks south in the final days of summer.
Canada's Yamana Gold Inc said on Wednesday Argentina's proposal to impose new tax on exports could hurt its cash flow despite the company taking steps to mitigate the impact. The South American country, which is facing an economic crisis, announced new temporary export taxes on grains and other goods last week in a bid to balance its budget in 2019. Yamana, which operates the Cerro Moro, Agua Rica and the Gualcamayo mines in Argentina, said it was taking a number of measures including adjusting its foreign exchange hedging program due to currency fluctuation in Argentina and other countries.
NYSE:AUY) (“Yamana” or “the Company”) is herein providing details on recently executed additions to the Company’s foreign exchange hedging program and the potential impacts of the announced imposition of an export tax in Argentina. In aggregate, the Company continues to be well positioned to generate a step change in cash flow in 2019.
To a point, companies try to optimize their debt-to-equity mixes. In fact, it isn’t always bad to carry debt if a company can repay it through earnings.
One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) and Kinross Gold (KGC) are doing the best among senior miners with ratios of 4.6x and 3.7x, respectively. Goldcorp (GG) and Yamana Gold (AUY), on the other hand, have the lowest current ratios of 1.01x and 1.04x, respectively.
NEW YORK, Aug. 22, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Nomad ...
Newmont Mining (NEM) saw its debt rise at the peak of the cycle due to expensive acquisitions. These companies are now focusing on steadily paying off their debt.
Newmont Mining’s (NEM) AISC (all-in sustaining costs) totaled $1,024 per ounce in the second quarter, 16.0% higher YoY (year-over-year) and 5.2% higher sequentially. This represents the temporary rise in costs for Newmont Mining in 2018 as the company executes its stripping campaigns at Carlin, Twin Creeks, Boddington, and Yanacocha.
Newmont Mining (NEM) reported its second-quarter earnings before the market opened on July 26 and held its conference call the same day. The company reported EPS of $0.26, which beat the consensus expectations by $0.02. Its revenues of $1.66 billion, however, missed expectations by 7.0%.
At the end of Q2 2018, Goldcorp’s net debt and adjusted net debt totaled $2.4 billion and $2.3 billion, respectively. Thus, the net debt to EBITDA (earnings before interest, tax, depreciation, and amortization) for the company was closer to 1.7x during the second quarter. Now it’s focusing on the deleveraging and strengthening its balance sheet further to prepare the company for the next phase of the capital investment cycle, which is expected to start after 2020 with the buildup of the next generation of mines.