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Among the senior and intermediate gold miners (GDX) (GDXJ), analysts are the most bullish on Agnico Eagle Mines (AEM).
Despite the overall downturn among precious metals on Tuesday, October 17, precious metal mining stocks witnessed a mixed reaction that day.
AngloGold Ashanti Ltd. will halve its production from South Africa after agreeing to sell mines to Harmony Gold Mining Co. and a Chinese investment firm in an effort to stem losses in its home country....
On October 16, 2017, GG, NEM, SBGL, and GFI had implied volatilities of 28.9%, 25.9%, 63%, and 40.4%, respectively.
The PowerShares DB Gold Fund (DGL) and the Vaneck Merk Gold Trust (OUNZ) have risen 12.1% and 12.95, respectively, year-to-date, taking strong cues from gold.
More than 20 companies have expressed an interest in bidding on the $2 billion Peruvian copper project Michiquillay in an auction due to take place on Dec. 20, the Peruvian government said on Monday. The auction date had been pushed back from the originally scheduled Nov. 15, state bidding agency Proinversion said in a statement. It said it had given more time for companies to sign up to take part, given the volume of interest.
Newmont Mining (NEM) had a 200% growth in EPS for the first half of 2017, driven by revenue growth and offset by higher costs and expenses.
Among these four miners, AngloGold has the lowest correlation with gold so far this year, while Coeur Mining has the highest correlation YTD.
After a stupendous 2016, the South African gold miners (GDX) have had a disappointing run so far in 2017. As a group, they’ve lost 10.8% YTD.
When considering mining stocks, investors should consider crucial indicators like RSI (relative strength index) levels and call implied volatility.
AngloGold Ashanti (AU) saw its last recommendation change in May 2017, when CIBC downgraded the stock to a “sector perform” rating.
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.
Among the silver miners (SIL) under discussion in this series, Hecla Mining (HL) has the fewest “buy” ratings, with only 18% of the analysts recommending its stock.
U.S. stocks showed a defensive posture in midday trade. The day's best performing groups included tobacco, meat and gold miners.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to AngloGold Ashanti Ltd. Here are 5 ETFs with the largest exposure to AU-US. Comparing the performance and risk of AngloGold Ashanti Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)