Canada stocks buoyed by gold rebound

By Wallace Witkowski, MarketWatch

SAN FRANCISCO (MarketWatch) — Gold prices helped Canadian stocks break their four-day losing streak Thursday, but just barely, as futures for the precious metal bounced off 10-month lows.

Shares of Barrick Gold Corp. /zigman2/quotes/209252292/delayed CA:ABX +0.04%  closed up 6.9%, Goldcorp Inc. /zigman2/quotes/225792379/delayed CA:G -1.44%  jumped 6.9%, Yamana Gold Inc. /zigman2/quotes/206359073/delayed CA:YRI +0.25%  shares rose 4.6%, Eldorado Gold Corp. /zigman2/quotes/207321207/delayed CA:ELD +0.90% rose 5.8%, and Kinross Gold Corp. /zigman2/quotes/200423011/delayed CA:K -0.24%   shares advanced 6.5%.

The S&P/TSX Composite Index  rose less than 0.1% to 11,330.68 as the S&P/TSX Capped Materials Index /zigman2/quotes/210598474/delayed XX:TORGC195 -0.21%  advanced 3.7%. For the week, the S&P/TSX Composite Index is down 3.1%.

Gold for June delivery  rose $38.30, or 2.5%, to settle at $1,574.90 an ounce on the New York Mercantile Exchange. Read more on gold turnaround.

The S&P/TSX Capped Energy Index /zigman2/quotes/210598495/delayed XX:TORGC187 -3.29% rose 0.1%, led by Suncor Energy Inc. /zigman2/quotes/204570600/delayed CA:SU -2.01%  , which traded up 0.3%, and Canadian Natural Resources Ltd. /zigman2/quotes/203742161/delayed CA:CNQ -3.77%  , with shares up 1.5%.

Oil for June delivery  slipped 25 cents, or 0.3%, to settle at $92.56 a barrel on the Nymex.

The Canadian dollar continued its fall against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD +0.2029%  with the greenback buying C$1.0193, compared with C$1.0118 late Wednesday.

/zigman2/quotes/209252292/delayed

Add to watchlist CA:ABX

Barrick Gold Corp.

CA : Canada: Toronto

$ 26.03

+0.01 +0.04%

Volume: 1.49M

Feb. 1, 2023 2:23p

P/E Ratio

19.21

Dividend Yield

2.27%

Market Cap

$45.85 billion

Rev. per Employee

$693,409

/zigman2/quotes/225792379/delayed

Add to watchlist CA:G

Augusta Gold Corp.

CA : Canada: Toronto

$ 1.37

-0.02 -1.44%

Volume: 48,300

Feb. 1, 2023 2:14p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$110.09 million

Rev. per Employee

N/A

/zigman2/quotes/206359073/delayed

Add to watchlist CA:YRI

Yamana Gold Inc.

CA : Canada: Toronto

$ 8.05

+0.02 +0.25%

Volume: 920,329

Feb. 1, 2023 2:24p

P/E Ratio

23.51

Dividend Yield

2.02%

Market Cap

$7.72 billion

Rev. per Employee

$204,475

/zigman2/quotes/207321207/delayed

Add to watchlist CA:ELD

Eldorado Gold Corp.

CA : Canada: Toronto

$ 12.86

+0.12 +0.90%

Volume: 157,978

Feb. 1, 2023 2:24p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.35 billion

Rev. per Employee

N/A

/zigman2/quotes/200423011/delayed

Add to watchlist CA:K

Kinross Gold Corp.

CA : Canada: Toronto

$ 6.18

-0.02 -0.24%

Volume: 1.18M

Feb. 1, 2023 2:24p

P/E Ratio

N/A

Dividend Yield

2.63%

Market Cap

$7.77 billion

Rev. per Employee

N/A

/zigman2/quotes/210598474/delayed

Add to watchlist XX:TTMT

S&P/TSX Capped Materials Index

XX : Canada: Toronto

361.88

-0.76 -0.21%

Volume: 23.35M

Feb. 1, 2023 2:24p

/zigman2/quotes/210598495/delayed

Add to watchlist XX:TTEN

S&P/TSX Capped Energy Index

XX : Canada: Toronto

243.19

-8.27 -3.29%

Volume: 49.66M

Feb. 1, 2023 2:24p

/zigman2/quotes/204570600/delayed

Add to watchlist CA:SU

Suncor Energy Inc.

CA : Canada: Toronto

$ 45.25

-0.93 -2.01%

Volume: 5.37M

Feb. 1, 2023 2:24p

P/E Ratio

8.21

Dividend Yield

4.60%

Market Cap

$62.30 billion

Rev. per Employee

$3.29M

/zigman2/quotes/203742161/delayed

Add to watchlist CA:CNQ

Canadian Natural Resources Ltd.

CA : Canada: Toronto

$ 78.59

-3.08 -3.77%

Volume: 1.86M

Feb. 1, 2023 2:24p

P/E Ratio

7.66

Dividend Yield

4.33%

Market Cap

$90.41 billion

Rev. per Employee

$4.30M

/zigman2/quotes/210561978/realtime/sampled

Add to watchlist USDCAD

Canadian Dollar

US : Tullett Prebon

1.3335

+0.0027 +0.2029%

Volume: 0.0000

Feb. 1, 2023 2:39p