46.00 +0.08 (0.17%)
After hours: 6:35PM EST
|Bid||45.76 x 400|
|Ask||46.19 x 400|
|Day's Range||45.66 - 46.49|
|52 Week Range||39.30 - 51.86|
|PE Ratio (TTM)||39.28|
|Forward Dividend & Yield||0.44 (0.95%)|
|1y Target Est||N/A|
What Led to the Fall in Gold and Silver? Gold prices retreated from their four-month high of $1,340 and slipped 0.81% on Wednesday, January 17. Gold futures for January expiration ended the day at $1,338 per ounce.
Goldcorp (GG) has given negative returns in 2017. Its stock has lost 6.1% of its value as compared to a gain of 12.8% in the iShares Gold Trust (GLD) and 11.1% in the VanEck Vectors Gold Miners ETF (GDX). You can read These Factors Could Help Goldcorp Outperform Peers in 2018.
Monsanto Company (MON) to boost competency driven by Bayer AG's buyout deal, increased innovation investments and favorable prices of major inputs. However, prevalent headwinds might impede growth.
Along with Agnico Eagle Mines (AEM), Newmont Mining (NEM) has a high percentage of “buy” ratings among the senior miners at 61%. Its target price implies an upside of 11.6% from its current market price of $38.3. Newmont Mining’s stock has not seen any rating change from analysts since July 2017 when Argus upgraded it from “hold” to “buy” with a target price of $43.
Agnico Eagle (AEM) boasts a favorable Zacks Rank and a positive Earnings ESP, which is a great sign of a coming earnings beat.
Monsanto Company (MON) reports better-than-anticipated first-quarter fiscal 2018 earnings. The company estimates to close Bayer's buyout deal by early 2018.
It will be prudent to cash in on the bullish momentum in the gold industry triggered by the ongoing dollar weakness and geopolitical concerns.
Agnico, Randgold, Yamana, and Barrick have call implied volatilities of 24.3%, 21.1%, 38.8%, and 22.8%, respectively.
According to Agnico Eagle Mines’ (AEM) CEO Sean Boyd, while bitcoin (ARKW) may have taken some demand away from gold in 2017, it will ultimately work to gold's advantage.
Apart from royalty and streaming companies, Kinross Gold (KGC) is one of the best-performing miners (GDX) (RING) in 2017.
Alamos Gold, Sibanye Gold, Agnico Eagle Mines, and Pan American Silver have call-implied volatilities of 43.2%, 50.5%, 22.1%, and 27.5%, respectively.
Agnico Eagle's (AEM) latest move enhances its long-term development pipeline and provides it with potential production growth post buildout of current mine in Nunavut.
Agnico Eagle Mines Limited (NYSE:AEM) generated a below-average return on equity of 5.79% in the past 12 months, while its industry returned 8.21%. AEM’s results could indicate a relatively inefficientRead More...
Newmont Mining’s mean consensus revenue for 2017 is $7.3 billion. This implies year-over-year (or YoY) growth of 8.1%.
The transaction is worth $162.5 million and includes the Hammond Reef Gold project and the Kirkland Lake project