Gold Prices Jump as does Yamana and Goldcorp
Gold prices are on the move today and right along with it are shares of Yamana Gold (NYSE:AUY) and Goldcorp (NYSE:GG) pushing up past 2%.
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Yamana (AUY) shares are trading at $9.89, up 2.81% or $0.27 and volume is currently at 4,640,583 shares traded. Over the past 12 months Yamana Gold Inc (AUY) shares have traded between $8.25 and its 52-week high of $14.37. Yamana Gold Inc shares are now trading with a P/E Ratio of 36 and EPS of 0.27.
Goldcorp Inc (GG) shares have a 12 month range between $31.84 and its 52-week high of $47.41. Goldcorp Inc shares are now trading with a P/E Ratio of 0 and EPS of -0.14. GG shares are trading at $41.86, up 3.08% or $1.25 and volume is currently at 3,065,010 shares traded.
WHY THE MOVE?
(Bloomberg) -- Gold rose the most in three weeks on speculation that the lowest prices in more than a month will revive demand for the precious metal.
Gold futures settled below $1,200 an ounce on each of the past three days after rallying to a record $1,266.50 on June 21. Holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, have dropped 0.3 percent from an all- time high on June 29.
Enjoy the rally in gold today and happy Friday.