2.99 +0.03 (1.13%)
After hours: 4:39PM EST
|Bid||3.19 x 300|
|Ask||3.23 x 2000|
|Day's Range||2.96 - 3.11|
|52 Week Range||2.21 - 3.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.02 (0.64%)|
|1y Target Est||N/A|
Yamana Gold's (AUY) adjusted earnings beat estimates in Q4 but sales dip. The company expects to produce 900,000 ounces of gold in 2018.
In this article, I will take a look at Yamana Gold Inc’s (NYSE:AUY) most recent earnings update (31 December 2017) and compare these latest figures against its performance over theRead More...
Yamana Gold (NYSE: AUY ) announces its next round of earnings Thursday. Here's Benzinga's advanced look at Yamana Gold's Q4 earnings report. Earnings and Revenue Wall Street analysts see Yamana Gold reporting ...
What Caused the Slump in Precious Metals and Miners? Another element besides the fluctuations of the US dollar that could have led to the fall in precious metals is the US interest rate. The Fed has kept investors on their toes with the rise in interest rates playing on the equity market slump.
Could Gold Catch a Bid if Equities Stay Weak in 2018? The unemployment rate for January came in at 4.1%, in-line with economists’ expectations. The jobs report from the Bureau of Labor Statistics is a very closely watched piece of data, mainly due to the repercussions jobs, wages, and unemployment data can have on the US dollar, inflation, and ultimately interest rates.
Of all the miners (GDX) we’ve discussed in this series, Agnico Eagle Mines (AEM) has the highest EV-to-forward-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 11.6x. As can be seen in the graph below, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.
Yamana Gold’s (AUY) stock almost matched the returns of the VanEck Vectors Gold Miners ETF (GDX) in 2017, returning 11.0% for the year. The major catalyst for this price reversal was the beginning of a large silver mine, Cerro Moro, in 2018. This mine, once up to full capacity in 2019, should help the miner triple its silver production and increase its gold production by 20% YoY (year-over-year).
IAMGOLD (IAG) was the best-performing gold stock of 2017, returning 51.4% for the year. It significantly outperformed the VanEck Vectors Gold Miners ETF (GDX) as well as the SPDR Gold Shares (GLD). IAG’s operational results for the first nine months of 2017 were quite strong, and the company reported exceptional exploration results in 2017.
While Agnico Eagle Mines (AEM) delivered consistently strong operational results in 2017, its stock performance has lagged behind the gold miners’ benchmark index (GDX). AEM stock rose 10.0% in 2017, compared with the 12.8% gain seen by the SPDR Gold Shares (GLD) and the 11.1% return seen by the VanEck Vectors Gold Miners ETF (GDX). Agnico Eagle Mines has delivered better-than-expected results year-to-date.
A correlation study of miners to gold is important since gold is the most crucial of all the four precious metals, and its price could be a determinant of other metals as well as mining stocks. In this part, we’ll be looking at B2Gold (BTG), Royal Gold (RGLD). Mining-based funds are also known to have a high correlation with precious metals.
Toronto-based Yamana Gold said on Friday that an accident at its Gualcamayo mine in Argentina resulted in two fatalities. The accident involved two employees of a local contractor traveling in a light ...