|Bid||13.27 x 700|
|Ask||13.45 x 1000|
|Day's range||13.15 - 13.37|
|52-week range||11.91 - 17.87|
|PE ratio (TTM)||24.51|
|Forward dividend & yield||0.08 (0.60%)|
|1y target est||N/A|
Mining stocks’ performance usually depends on precious metal prices. Correlation analysis can give investors some perspective on how mining stocks relate to precious metals, especially gold. In this part ...
As we analyze the performance of the precious metals market, it's crucial to look at the core mining stocks and also their technical details.
Gold investors have enough reasons to remain bullish about star performers of this earnings season: Goldcorp, Agnico-Eagle Mines, and Yamana Gold.
Before investors park their money in mining stocks, there are a few key indicators to consider. Let's look at call-implied volatility and RSI (relative strength index) scores.
Kinross Gold (KGC) reported its 3Q17 results on November 8, 2017, after the markets closed. Its EPS (earnings per share) was $0.07, which was $0.05 higher than market expectations.
The gold–silver spread stood at 75 on November 7, 2017, indicating that it took 75 ounces of silver to buy a single ounce of gold on that day.
During the FOMC (Federal Open Market Committee) meeting in September, many officials showed interest in another rate hike in 2017—and more in 2018.
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
Kinross Gold stock is trading at a forward EV-to-EBITDA multiple of ~5.2x. This implies a discount of 30.6% to its peers’ average multiple.
On October 4, 2017, Goldcorp, Silver Wheaton, Barrick Gold, and Eldorado had implied volatility readings of 28.9%, 30.8%, 29.1%, and 50.4%, respectively.
September 29 was another down day for precious metal mining stocks, whose reactions often mirror precious metal prices themselves.
Thursday, September 28, was a mixed day for precious metal mining stocks as precious metals (except platinum) saw marginal revivals in prices.
Most mining stocks fell on September 26, 2017, as precious metals fell due to ongoing global tensions. In this part of the series, we’ll look at Agnico Eagle Mines (AEM),…
Stocks looks set for a mixed open this morning as September, normally the market's worst month, looks set to close with solid gains. S&P 500 futures have dipped 0.75 point, while Dow Jones Industrial Average ...