On the positive side, we are nearing the earning season and miners could rise in expectation of good earnings. Options market is betting Goldcorp and Agnico Eagle will rise. The PEG ratio is also below one, an indication they are undervalued. The PEG ratio is the ratio of the P/E to the expected future earnings growth rate of the company. A better measure than PE since it considers future growth as well. Data by Kapital.
Goldcorp PEG at 0.42. Current Put/Call ratio at 0.46 vs. previous Put/Call ratio at 0.61 (24.59% change). Short float at 0.73%, which implies a short ratio of 0.84 days. The stock has gained 17.89% over the last year.
Agnico Eagle PEG at 0.74. Current Put/Call ratio at 0.51 vs. previous Put/Call ratio at 0.57 (10.53% change). Short float at 4.69%, which implies a short ratio of 3.23 days.
