On Monday, Gold futures edged up, with a small gain after a 3% selloff at the end of last week following the stronger-than-expected, U.S. jobs data. ForAugust delivery gold futures rose $8.70, or 0.7%, to $1,221.50 an ounce in electronic trade.
On Friday investors sliced off $39.20, or 3.1%, from gold prices on worries the U.S. Federal Reserve later this year will begin narrowing its program of bond purchases, that is a source of support for gold prices according to analysts. All these worries were resistant after the U.S. Labor Department said the economy created 195,000 new jobs in June.
U.S. Federal Reserve has said that it may reduce the pace of government debt purchases from its current level of $85 billion a month, if the economy continues it’s pace to improve in line with the expectations.
Analysts at Barclays said in a note Monday that physical demand for gold is softer and the prices are more likely to endure more downside, given the size of cash negative exchange-traded products. Barclays predicts gold prices will be around $1,200 an ounce by the end of the third quarter and $1,393 at year’s end.
The notable losers in gold miners are, Barrick Gold Corporation (USA) (NYSE:ABX) shares were off -6.33%. Kinross Gold Corporation (USA) (NYSE:KGC) shares were down -6.13%.
Goldcorp Inc. (USA) (NYSE:GG) shares plunged -3.22%. IAMGOLD Corp (USA) (NYSE:IAG) shares were off -0.99%. Eldorado Gold Corp (USA) (NYSE:EGO) shares went down -1.63%.
Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares went down -3.77%. New Gold Inc. (USA) (NYSEMKT:NGD) share shed -1.36%. AngloGold Ashanti Limited (ADR) (NYSE:AU) shares declined -6.93%.
NovaGold Resources Inc. (USA) (NYSEMKT:NG) share slipped -3.85%. Allied Nevada Gold Corp. (NYSEMKT:ANV) shares slumped -3.86%.
Stock of Barrick Gold Corporation (USA) (NYSE:ABX) fell -6.33% in last trading session and is closed $ 14.69with average volume 19.22 million shares. Barrick Gold Corporation generated income of $ -857.00 million in last twelve months and sales of $ 14.34 billion. Analytic Ratios; Price to sales ratio of ABX in past twelve months was calculated as 0.96 and price to cash ratio as 5.88. ABX return on equity ratio is recorded as 0.80% and its return on assets is 0.40%.
Stock of Kinross Gold Corporation (USA) (NYSE:KGC) fell -6.13% in last trading session and is closed 5.06 with average volume 12.45 million shares. Kinross Gold Corporation generated income of $ -2487.90 million in last twelve months and sales of $ 4.36 billion. Analytic Ratios; Price to sales ratio of KGC in past twelve months was calculated as 1.24 and price to cash ratio as 3.81. KGC return on equity ratio is recorded as -21.70% and its return on assets is -15.30%.
Stock of Goldcorp Inc. (USA) (NYSE:GG) fell -3.22% in last trading session and is closed $ 24.88 with average volume 7.93 million shares. Goldcorp Inc generated income of $ 1.58 billion in last twelve months and sales of $ 5.10 billion. Analytic Ratios; Price to sales ratio of GG in past twelve months was calculated as 3.83 and price to cash ratio as 9.70. GG return on equity ratio is recorded as 7.00% and its return on assets is 5.10%.
Stock of IAMGOLD Corp (USA) (NYSE:IAG) fell -0.99% in last trading session and is closed $ 4.03 with average volume 7.20 million shares. IAMGOLD Corp generated income of $ 226.40 million in last twelve months and sales of $ 1.57 billion. Analytic Ratios; Price to sales ratio of IAG in past twelve months was calculated as 0.96 and price to cash ratio as 1.97. IAG return on equity ratio is recorded as 6.10% and its return on assets is 4.50%.
Stock Eldorado Gold Corp (USA) (NYSE:EGO) fell -1.63% in last trading session and is closed $ 6.12 with average 5.54 million shares. Eldorado Gold Corp generated income of $ 192.00 million in last twelve months and sales of $ 1.21 billion. Analytic Ratios; Price to sales ratio of EGO in past twelve months was calculated as 3.54 and price to cash ratio as 5.18. EGO return on equity ratio is recorded as 3.30% and its return on assets is 2.50%.
Stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) fell -3.77% in last trading session and is closed $ 3.71 with average volume 3.17 million shares. Harmony Gold Mining Co generated income of $ 86.00 million in last twelve months and sales of $ 1.93 billion. Analytic Ratios; Price to sales ratio of HMY in past twelve months was calculated as 0.81 and price to cash ratio as 4.62. HMY return on equity ratio is recorded as 3.50% and its return on assets is 2.80%.
Stock of New Gold Inc. (USA) (NYSEMKT:NGD) -1.36% in last trading session and is closed $ 6.61 with average volume 4.29 million shares. New Gold Inc generated income of $ 201.80 million in last twelve months and sales of $ 824.30 million. Analytic Ratios; Price to sales ratio of NGD in past twelve months was calculated as 3.77 and price to cash ratio as 4.62. NGD return on equity ratio is recorded as 8.00% and its return on assets is 5.20%.
Stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) fell -6.93% in last trading session and is closed $ 13.85 with average volume 3.54 million shares. AngloGold Ashanti Limited generated income of $ 555.00 million in last twelve months and sales of 6.11 billion. Analytic Ratios; Price to sales ratio of AU in past twelve months was calculated as 0.82 and price to cash ratio as 7.34. AU return on equity ratio is recorded as 15.10% and its return on assets is 6.80%.
Stock of NovaGold Resources Inc. (USA) (NYSEMKT:NG) fell -3.85% in last trading session and is closed $ 2.08 with average volume 2.07 million shares. NovaGold Resources Inc generated income of $ 35.30 million in last twelve months. Analytic Ratios; Price to cash ratio of NG in past twelve months was calculated as 1.99. NG return on equity ratio is recorded as 7.30% and its return on assets is 5.30%.
Stock of Allied Nevada Gold Corp. (NYSEMKT:ANV) fell -3.86% in last trading session and is closed $ 5.96 with average volume 3.28 million shares. Allied Nevada Gold Corp generated income of $ 44.50 million in last twelve months and sales of $ 224.50 million. Analytic Ratios; Price to sales ratio of ANV in past twelve months was calculated as 2.30 and price to cash ratio as 2.11. ANV return on equity ratio is recorded as 7.30% and its return on assets is 3.70%.
