Canadian Miners Shine After a Week in the Red (PAL, GRS, SA, SVM, SSRI, SLW, ABX, GG)

Tickerspy’s Canadian Mining Index

CANADIAN MINING INVESTING IDEAS

• Popular long ideas: SLW, AUY, GG
• Popular short ideas: ABX, GG, AUY
• Top dividend plays: GFI, ABX, NSU
• Pro favorites: ABX, GG, AUY

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CANADIAN MINING COVERAGE

Mining stocks based in Canada

• Gold, Silver Find Some Relief, Boost Canadian Mining Stocks (AEM, GFI, SVM, AG, SLW, EXK, PAL, PLG)
• Canadian Miners Shine On Takeover Chatter, Earnings News (AG, HL, PAAS, SLW, ABX, NGD)
• Europe Jitters Boost Canadian Miners (MVG, AUY, ABX, GG, AEM, SLW, KGC)

CANADIAN MINING CHART

CANADIAN MINING METRICS

Avg. Market Cap:	$4.4B
Avg. P/E Ratio:	14.7
Avg. Div Yield:	1.4%

Canadian mining stocks were discounted by as much as -15% last week, but shares are rebounding on Monday.

Canadian stocks are posting their best performance since 2009 as the dollar pares gains accrued over the last two months. Weakness in the U.S. currency is also helping the broad precious metals segment, and Canadian miners are ahead by as much as 7% for the session.

As a whole, the Canadian Mining Stocks Index is up by 4.2% today, but it still lags the S&P 500 by -5% over the last month.

Today’s top-performers include Platinum and Palladium Stocks Index component North American Palladium (PAL), Nova Scotia-based Gammon Gold (GRS), and Toronto’s Seabridge Gold (SA). Seabridge and North American Palladium remain down by more than -7.5% over the past five sessions.

Canadian silver players Silvercorp Metals (SVM), Silver Standard Resources (SSRI), and Silver Wheaton (SLW) are all ahead today after slipping by more than -5% over the last month.

Gold giants Barrick Gold (ABX) and Goldcorp (GG) are adding 3% gains today. The former is less than 1% from breaking into positive territory for the week.

As of this writing, the Canadian Mining Stocks Index is one of the 40 worst performing tickerspy Indexes over the last month, down by -7.5%

Investors can track the Canadian Mining Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: ABX, GG, GRS, PAL, SA, SLW, SSRI, SVM