|Bid||0.00 x 66000|
|Ask||0.00 x 112600|
|Day's Range||652.00 - 664.50|
|52 Week Range||540.00 - 784.00|
|PE Ratio (TTM)||34.92|
|Earnings Date||May 15, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||788.11|
Usually, precious metal mining companies follow precious metals for price direction. Precious metals increased on Monday, April 16, 2018, as did most mining stocks.
If we look at the historical performance of precious metals to markets, we see that gold has been closely tracking market volatility. The recent upheaval in the markets, led by Syria tensions, supported precious metals. Also, the earlier trade war fears with China lifted precious metals higher.
Usually, precious metal mining companies follow precious metals for price direction. Precious metals increased on Monday, April 16, 2018, which was followed by most mining shares.
Gold ETF investors bought 173.4 tons of gold in 2017, 9% higher year-over-year (or YoY). In 2018 year-to-date (or YTD), the inflows in gold-backed ETFs have been strong. As of April 13, ETF holdings totaled 2,186 tons, which is 5.2% higher YoY.
The Bureau of Labor Statistics released US jobs data for March 2018 on April 6. The job growth was weaker than expected. The US added 103,000 jobs in March as compared to upwardly revised 326,000 jobs the previous month. The economists were expecting an addition of 185,000 jobs in March, as per Bloomberg. While a slowdown was expected in March due to February’s surge underpinned by hiring due to unseasonably warm weather, the decline was more than what the market expected. The unemployment rate has remained at 4.1% for six months. The Fed is forecasting a rate of 3.8% by the end of this year.
WASHINGTON , April 4, 2018 /PRNewswire/ -- The Society of Interventional Oncology (SIO), an international organisation working to nurture and support interventional oncology worldwide, and BTG plc (LSE: ...
BTG plc (LSE:BTG) is trading with a trailing P/E of 35.6x, which is higher than the industry average of 33.1x. While BTG might seem like a stock to avoid orRead More...
Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals. The movements in the remaining three precious metals—silver, platinum, and palladium—mostly depend on gold’s movements. For our correlation analysis, we’ll look at First Majestic Silver (AG), B2Gold (BTG), Royal Gold (RGLD), and Goldcorp (GG). Mining-based funds also have high correlations with precious metals.
Mining stocks tend to take their cues from gold price movement. Mining-based funds have a high correlation with precious metals. The VanEck Vectors Gold Miners ETF (GDX) and the Sprott Gold Miners (SGDM) rose 1.1% and 0.52%, respectively, on Friday, February 23.
Could Gold Catch a Bid if Equities Stay Weak in 2018? The unemployment rate for January came in at 4.1%, in-line with economists’ expectations. The jobs report from the Bureau of Labor Statistics is a very closely watched piece of data, mainly due to the repercussions jobs, wages, and unemployment data can have on the US dollar, inflation, and ultimately interest rates.
BTG plc , the global healthcare company, today highlighted OPTALYSE PE one year trial results, presented at the International Society on Endovascular Therapy in Florida. The findings confirm that bilateral pulmonary embolism patients treated in as little as 2 hours with a total tissue plasminogen activator dose as low as 8mg continue to show improvements in RV/LV ratio over the long term with a very ...
A correlation study of miners to gold is important since gold is the most crucial of all the four precious metals, and its price could be a determinant of other metals as well as mining stocks. In this part, we’ll be looking at B2Gold (BTG), Royal Gold (RGLD). Mining-based funds are also known to have a high correlation with precious metals.