|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.76 - 9.94|
|52 Week Range||8.86 - 13.31|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.10 (1.00%)|
|1y Target Est||15.38|
AngloGold Ashanti reported a full-year loss of $191 million as the world’s No. 3 gold producer wraps up a restructuring of its South African operations. The result was in line with the company’s previously ...
AngloGold Ashanti Ltd. will reopen its idled Obuasi mine after Ghana approved a plan to redevelop the asset as a more profitable, mechanized operation.
This return, however, was lower than the rise in gold prices of 2% and 13% during those periods, respectively. Its project pipeline, however, remains very strong. Newmont Mining has one of the best project pipeline in the gold industry.
Since the beginning of 2018, platinum has been the top performer among the four precious metals. In this part of our series, we’ll focus on the gold-platinum spread, which analyzes the comparative price performance between these two metals. When analyzing platinum markets, it’s essential to compare the metal’s performance with that of gold, which is the most dominant of the four precious metals. The platinum market has been in short supply for the past few years.
In this part of the series, we’ll analyze the correlations of the movements of a group of mining stocks, including Coeur Mining (CDE), Barrick Gold (ABX), AngloGold Ashanti (AU), and Hecla Mining (HL), with gold. Gold- and silver-based funds such as the Physical Swiss Gold Shares ETF (SGOL) and the Physical Silver Shares ETF (SIVR) tend to have strong correlations with their respective precious metals. These two funds rose 2.8% and 0.61%, respectively, on January 23, 2018.
Over the past few months, the most important element in determining the price of the precious metals has been the US dollar (UUP). In 2017, gold took much of its price fluctuations from the dollar, and the two maintained a close-knit relationship. They are inversely related because precious metals are dollar-based assets, which means that they’re priced in the dollar. Similarly, a fall in the dollar attracts investors, leading to stimulation in demand for dollar-based assets as well.