The Toronto stock market closed lower as lingering concerns about lagging global growth weighed on metals and mining and gold stocks.
The Toronto Stock Exchange’s S&P/TSX index ended the day down 70.99 points at 13,411.63.
The loonie gained 0.06 of a cent to 75.39 cents U.S.
In New York, the Dow Jones average of 30 stocks climbed 27.73 points to 17,758.21, the broader S&P 500 index gained 3.14 points to 2,081.72 and the Nasdaq index lost 12.06 points to 5,083.24.
On the commodity markets, the December gold contract rose 40 cents to US$1,088.50 an ounce, the December crude contract climbed 34 cents to US$44.21 a barrel and the December contract for natural gas was up two cents at US$2.32 per mmBtu.
December copper declined by a penny to US$2.22 a pound.
Turning to Canada-based stocks trading in the United States, Potash Corporation of Saskatchewan (USA)(NYSE:POT) is trading at $20.23, down -2.95 percent from 52-week low of $20.23. The stock trades at 1240 times forward earnings and is down -43.88% from its peak. The consensus price target is $24.67. The P/E ratio stood at 11.50, below a 12-month peak of $36.06. Its volume clocked up at 8.35 million shares, which is higher than the average volume of 7.14 million shares. Its market capitalization currently stands at $17.06 billion.
Encana Corporation (USA)(NYSE:ECA) has about -44.05% since the beginning of the year and has pulled back around -58.70% from the recent 52-week high. At present, the stock’s average 12-month price target of $11.24 stands at a 41.19% premium to the 52-week low. The highest price that this stock has reached in the most recent 52-week period was $18.79, whereas its last (most recent) closing price is $7.76. Around 10.32 million shares have traded at the counter during the last trading session.
Yamana Gold Inc. (USA)(NYSE:AUY) recently recorded bearish activity by losing -5.11%. The stock opened at $1.81 and closed at $1.76. The stock failed to get pushed above the $1.84 barrier, the intraday high. Its overall volumes stood at 7.22 shares against average volume of 12.21 million shares. At current price, the stock is down -62.79 percent from its 52-week high. The stock declined around -16.51% over the week through recent close.
Source: http://www.wallstreetpoint.com/top-canada-stock-picking-potash-corporation-of-saskatchewan-usanysepot-encana-corporation-usanyseeca-yamana-gold-inc-usanyseauy/7223669/
