Gold companies Gammon Gold (NYSE:GRS), Nevsun Resources (AMEX:NSU), Capital Gold Corp. (AMEX:CGC) and Compania de Minas (NYSE:BVN) soared on Tuesday as gold prices rose to $1,455.50 an ounce to reach a record high.
Gold for June delivery climbed $19.50, or 1.4%, to $1,452.50 an ounce on the Comex division of the New York Mercantile Exchange.
Continuing unrest in the Middle East, the EU sovereign debt crisis, Japan's struggle and political uncertainty in the United States is the major impetus behind the action.
The certainty that Federal Reserve Chairman Ben Bernanke won't stop printing money is also a major part of the continuing rise in gold prices.
Compania de Minas closed Tuesday at $44.16, gaining $2.11, or 5.02 percent. Capital Gold Corp. closed at $6.30, rising $0.25, or 4.13 percent. Nevsun Resources closed at $6.29, up $0.32, or 5.36 percent. Gammon Gold ended the session at $10.12, increasing $0.28, or 2.85 percent.
Showing posts with label Compania de Minas Buenaventuram. Show all posts
Showing posts with label Compania de Minas Buenaventuram. Show all posts
Wednesday, April 6, 2011
Wednesday, March 30, 2011
New Gold (NGD) (IAG) (HMY) (BVN) Among Top Gold Miners Over the Last Year
Even though gold prices have found a level spot recently, over the last 12 months it has performed strongly, and among the top gold miners during that period of time are New Gold, Inc. (AMEX:NGD), IAMGOLD Corp. (NYSE:IAG), Harmony Gold Mining Co. Ltd. (NYSE:HMY) and Compania de Minas Buenaventura SA (NYSE:BVN).
New Gold had a strong 12 months, rising by 159 percent during that time, with a trailing P/E ratio of 25.3x, has a market capitalization of $4.5 billion. Estimates are for the company to generate $0.21 a share in earnings over the next year.
IAMGOLD Corp. also had a solid 12 months, generating a return of 71 percent during the period. They have a trailing P/E ratio of 30.2x. Expectations are they'll earn $0.47 a share in 2012.
Harmony Gold Mining jumped 56 percent over the last year, with quarterly earnings soaring 170.3 percent over the same quarter last year. It has a trailing P/E ratio of 248.9x. Earnings for 2012 are estimated to come to $0.44 a share.
Compania de Minas Buenaventura SA came in equal with Harmony Gold as far as returns go, also rising by 56 percent over the last 12 months. Its quarterly earnings grew 17.2 percent over last year in the same quarter. BVN has a trailing P/E ratio of 17.09x. Next year they are projected to earn $0.96 a share.
Among all the metals companies, one of the top performers was Silver Wheaton (NYSE:SLW), which grew returns at a rate of 187 percent. Quarterly earnings rose 142 percent over the same quarter last year. Its trailing P/E ratio is 53.2x. In 2012 its expected to earn $0.60 a share.
New Gold had a strong 12 months, rising by 159 percent during that time, with a trailing P/E ratio of 25.3x, has a market capitalization of $4.5 billion. Estimates are for the company to generate $0.21 a share in earnings over the next year.
IAMGOLD Corp. also had a solid 12 months, generating a return of 71 percent during the period. They have a trailing P/E ratio of 30.2x. Expectations are they'll earn $0.47 a share in 2012.
Harmony Gold Mining jumped 56 percent over the last year, with quarterly earnings soaring 170.3 percent over the same quarter last year. It has a trailing P/E ratio of 248.9x. Earnings for 2012 are estimated to come to $0.44 a share.
Compania de Minas Buenaventura SA came in equal with Harmony Gold as far as returns go, also rising by 56 percent over the last 12 months. Its quarterly earnings grew 17.2 percent over last year in the same quarter. BVN has a trailing P/E ratio of 17.09x. Next year they are projected to earn $0.96 a share.
Among all the metals companies, one of the top performers was Silver Wheaton (NYSE:SLW), which grew returns at a rate of 187 percent. Quarterly earnings rose 142 percent over the same quarter last year. Its trailing P/E ratio is 53.2x. In 2012 its expected to earn $0.60 a share.
Friday, November 5, 2010
Hecla (NYSE:HL), Coeur d'Alene (NYSE:CDE), Compania de Minas (NYSE:BVN) Rise on Fed's QE2
Hecla (NYSE:HL), Coeur d'Alene (NYSE:CDE), Compania de Minas (NYSE:BVN) all surged Thursday on the actions of the Federal Reserve which will inflate the economy, driving up the broader commodity market, along with individual companies within each sector, including silver miners.
The majority commodity prices rose, including silver, which rose to over $26 an ounce. Gold prices rose to all-time records again, approaching the $1,400 an ounce mark, while aluminum increased to levels not seen since April.
Hecla closed at $7.68 Thursday, rising $0.732, or 10.34 percent. Coeur d'Alene surged to close at $22.22, gaining $1.21, or 5.76 percent. Compania de Minas was up $53.46 at the end of the day, increasing by $1.45, or 2.79 percent.
The majority commodity prices rose, including silver, which rose to over $26 an ounce. Gold prices rose to all-time records again, approaching the $1,400 an ounce mark, while aluminum increased to levels not seen since April.
Hecla closed at $7.68 Thursday, rising $0.732, or 10.34 percent. Coeur d'Alene surged to close at $22.22, gaining $1.21, or 5.76 percent. Compania de Minas was up $53.46 at the end of the day, increasing by $1.45, or 2.79 percent.
Tuesday, June 15, 2010
US Gold (AMEX:UXG), Eldorado Gold (NYSE:EGO), Compania de Minas Buenaventura (NYSE:BVN), New Gold (AMEX:NGD) Continue to Surge
Since the S&P 500 hit its high on April 23, gold mining stocks have been hot, and several have soared by double-digits during that time, including US Gold (AMEX:UXG), Eldorado Gold (NYSE:EGO), Compania de Minas Buenaventura (NYSE:BVN), and New Gold (AMEX: NGD), all of which are continuing to soar today, as gold resumes its upward price movement.
Using the high on April 23 and the low on June 7 as a measuring stick for the performance of these gold mining companies, they skyrocketed during that time, with US Gold leading the way with gains of 22.2 percent. Eldorado Gold was next with a gain of 21.9 percent during that period of time, followed by Compania de Minas Buenaventura with a 15.7 percent increase in share price, and last New Gold, which still had a solid 10.4 percent gain.
Much of this was of course simply in line with the rise in gold prices because of concerns over the sovereign debt crisis in Europe and inflation in China related to their urban property markets.
For Eldorado, they also surged upward because management increased gold production estimates for the rest of their fiscal 2010 year, increasing the range from 550,000-600,000 ounces of gold to 575,000-625,000 ounces to be produced this fiscal year.
With Compania de Minas Buenaventura, they benefited from a major gold discovery in a Peru project they are in partnership with Gold Fields (NYSE:GFI) in.
Every company mentioned in this article are continuing to move upward in price today, as gold prices in general move strongly upward after a few days of correction.
Gold prices were up $13.50, reaching $1,234.90 as of 2:22 PM EDT.
Using the high on April 23 and the low on June 7 as a measuring stick for the performance of these gold mining companies, they skyrocketed during that time, with US Gold leading the way with gains of 22.2 percent. Eldorado Gold was next with a gain of 21.9 percent during that period of time, followed by Compania de Minas Buenaventura with a 15.7 percent increase in share price, and last New Gold, which still had a solid 10.4 percent gain.
Much of this was of course simply in line with the rise in gold prices because of concerns over the sovereign debt crisis in Europe and inflation in China related to their urban property markets.
For Eldorado, they also surged upward because management increased gold production estimates for the rest of their fiscal 2010 year, increasing the range from 550,000-600,000 ounces of gold to 575,000-625,000 ounces to be produced this fiscal year.
With Compania de Minas Buenaventura, they benefited from a major gold discovery in a Peru project they are in partnership with Gold Fields (NYSE:GFI) in.
Every company mentioned in this article are continuing to move upward in price today, as gold prices in general move strongly upward after a few days of correction.
Gold prices were up $13.50, reaching $1,234.90 as of 2:22 PM EDT.
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