|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||44.65 - 45.38|
|52 Week Range||35.05 - 53.17|
|PE Ratio (TTM)||41.43|
|Earnings Date||Feb 8, 2017 - Feb 13, 2017|
|Dividend & Yield||0.40 (0.86%)|
|1y Target Est||55.77|
Canada's benchmark stock index edged lower on Monday, giving up its earlier gains, as profit-taking by investors in gold pressured shares of companies that mine the precious metal. Gold, which had been boosted this month by tensions over Iran and North Korea, retreated 0.8 percent to $1,291.90 an ounce. Barrick Gold Corp, the world's largest gold miner, fell 2.2 percent to C$20.35 and Agnico Eagle Mines Ltd retreated 2.3 percent to C$57.00.
Among the miners that we're looking at in this part of the series, Sibanye Gold has the lowest correlation to gold on a YTD basis, while Gold Fields has the highest correlation to gold.
Canada's main stock index climbed for the fifth straight week on Friday as bank stocks advanced and shares of energy and resource companies rose alongside oil and gold prices. The energy sector gained 0.6 percent as oil prices were lifted by strong Chinese oil import data, as well as by turmoil in the Middle East. Canadian Natural Resources was among the biggest lifts to the index, rising 1.4 percent to C$41.21, while Cenovus Energy advanced 2 percent to C$12.14.
LONDON, UK / ACCESSWIRE / October 12, 2017 / Pro-Trader Daily has lined up these stocks for our daily research reports coverage. Before the markets open, Pro-TD makes a brief technical snapshot of select ...
On July 24, 2017, National Bank Financial upgraded Agnico Eagle Mines (AEM) from “sector perform” to an “outperform” rating.
On a YTD basis, First Majestic has the lowest correlation to gold, while Primero Mining has the highest correlation to gold.
The stock performances of intermediate gold miners (RING) (GDXJ) have been slightly better than senior gold miners, on average.
On October 5, Gold Fields, Agnico-Eagle, Cia De Minas Buenaventura, and AngloGold had implied volatility readings of 40.4%, 33.6%, 35.3%, and 40.9%, respectively.
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.
In this series, we’ll rank the global gold miners based on their “buy” ratings from analysts. Wheaton Precious Metals (WPM) garnered 90% “buy” ratings—the highest among the surveyed analysts.
The Zacks Analyst Blog Highlights: Acacia Mining, Agnico Eagle Mines, Randgold Resources, Kinross Gold and Kirkland Lake Gold
Equities and safe-havens like gold are historically known to move in opposite directions because gold is often seen as a hedge against overall market risk.
Gold prices may have dipped of late, but prices of the yellow metal are up roughly 11% year to date. Geopolitical tensions, terrorist attacks, retail demand in India, will prop up gold 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),…
A correlation analysis is crucial because it gives investors clues about the possible movement of mining stocks in relation to precious metals.
Kinross (KGC) provided updated mineral reserve and resource estimates for Round Mountain project, which is primarily the result of exclusion of stockpile information in prior reserve estimates.
Canada's main stock index retreated broadly on Tuesday from its highest close in four months hit the previous session, as cooling commodity prices sent mining and oil stocks into retreat. The materials group, which includes precious and base metals miners as well as fertilizer companies, lost 1.1 percent as a pullback in the price of safe-haven bullion weighed on gold miners. Spot gold dipped more than 1 percent after Federal Reserve Chair Janet Yellen said the U.S. central bank needed to continue gradual interest rate hikes, despite weak inflation.