|Bid||14.88 x 2200|
|Ask||0.00 x 1800|
|Day's Range||15.16 - 15.57|
|52 Week Range||10.87 - 16.80|
|PE Ratio (TTM)||64.94|
|Forward Dividend & Yield||0.06 (0.36%)|
|1y Target Est||N/A|
Compañía de Minas Buenaventura SA.A. (NYSE:BVN), a metals and mining company based in Peru, received a lot of attention from a substantial price movement on the NYSE over the lastRead More...
One of the most crucial factors causing a slump in the price of precious metals is the revival of the US dollar. The DXY, which prices the dollar against a basket of six major world currencies, rose 0.68% on May 15. The DXY gained 3.8% over the last month.
The four precious metals have revived compared to their previous losses over the past five trading days. However, the revival of the US dollar has had a negative impact on precious metals and mining stocks during the past few weeks. The settling of the market’s unrest could have also caused a withdrawal of haven bids.
Last month, the market’s unrest had a significant effect on precious metals and miners, leading to increases in prices. However, the US dollar has strengthened recently, which had a negative impact on precious metals and mining stocks. The settling of the market unrest could have also caused a withdrawal of haven bids.
Gold rose 0.62% on Thursday, May 3, after a flat day on Wednesday. Gold futures for May expiration closed at $1,312.10 per ounce. Its RSI level was 30.9, which indicates that there could be a possible rebound in price.
Usually, precious metal mining companies follow precious metals. Precious metals seem to be in the doldrums over the Fed’s decision about moving interest rates and the strength of the US dollar. The recent slump in demand for haven assets also affected the miners.
Palladium has been the weakest among the four precious metals on a YTD (year-to-date) basis. The fall in car demand in China may be the reason behind the massive palladium price crash. Palladium is inclined more toward industrial use than use as a precious metal due to its many industrial applications.
On a per-share basis, the Lima, Peru-based company said it had net income of 11 cents. The miner posted revenue of $316.9 million in the period. Buenaventura shares have climbed 14 percent since the beginning ...
According to the US Bureau of Labor Statistics, the US consumer price index (or CPI) rose 2.4% year-over-year (or YoY) in March 2018. The core CPI, which excludes volatile food and energy components, rose 0.2% over the previous month and 2.1% YoY in March. One of the factors that has significantly contributed to this increase is the impact of a change in mobile phone service costs.
Another crucial factor that closely plays on precious metals prices is the US interest rate—more specifically, the Federal Reserve’s decisions on moving the interest rate. During the Fed’s meeting in the third week of March, it took a hawkish stance, causing precious metals to rise instead of fall. The Fed mentioned that it would like to raise interest rates two rather than three more times in 2018.
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Cia De Minas Buenaventura (BVN), and Hecla Mining (HL). Mining stocks mostly move with gold prices but not always. Among these four miners under discussion, Cia De Minas has shown the highest correlation with gold, while Hecla has the lowest correlation to gold on a YTD (or year-to-date) basis.
Gold and silver have seen positive yields over the past five trading days. Gold has increased about 0.59% and silver has risen a marginal 0.2% on a five-day trailing basis. The rise in these two precious metals could have also been due to the drop in global equities after the trade war fears deepened.
Among the four precious metals that we’ll be discussing in this series, only gold saw gains on Wednesday, April 4. Gold prices for April futures were up 0.23% and closed at $1,335.8 an ounce. Platinum was down 1.4% and was the biggest loser among the four precious metals.
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Compañía de Minas Buenaventura SA.A. (NYSE:BVN), with a market capitalization of US$3.95B, rarely draw their attention fromRead More...
The softer inflation figure in February is in line with the weaker-than-expected growth in wages during the month. According to the survey of consumer expectations, one-year forward median inflation expectations rose to ~2.8% from ~2.7% in January 2018. The University of Michigan Index of Consumer Sentiment also corroborates consumers’ rising inflation expectations.
Compañía de Minas Buenaventura SA.A.’s (NYSE:BVN) most recent return on equity was a substandard 2.43% relative to its industry performance of 9.60% over the past year. Though BVN’s recent performanceRead More...
All four precious metals witnessed a slump in their prices on March 15, 2018. The US dollar has been instrumental in pulling these precious metals lower. A country with a high interest rate should expect its currency to appreciate.
Investors need to pay close attention to Buenaventura (BVN) stock based on the movements in the options market lately.
Is Gold Set to Remain Higher for Longer as Volatility Soars? US consumer prices posted their largest gain in the last 12 months through January 2018, which strengthened expectations of firming price pressures in the US economy for the year. The Federal Reserve’s preferred gauge of inflation—personal consumption expenditure (or PCE) inflation—rose 0.4% in January 2018. This increase followed a 0.1% rise in December 2017, which is its largest gain since January 2017.
Will Gold Lose Its Shine with the Spotlight on Bitcoin? Cryptocurrencies are broadly permitted, in that most countries have deferred granting them approval, while not banning them – although there are a few outliers at both extremes – Japan appears to have granted approval, and China has greatly restricted their use. Some commentators have suggested bitcoin and other cryptocurrencies are at great risk of sudden restrictions from countries concerned about capital flight, investor protection, or loss of seigniorage.