|Bid||40.26 x 2900|
|Ask||40.30 x 1100|
|Day's Range||40.29 - 40.33|
|52 Week Range||36.92 - 43.07|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.06|
|Expense Ratio (net)||0.75%|
The price of gold has been on the slide lately, falling more than 10% over the last 5 months as the dollar has rallied on bets of a continued strong U.S. economy. Nonetheless, the outlook is more positive for the rest of the year and next, with December gold futures currently holding above the key technical level of $1200 per share.
As we’ve seen so far in this series, gold tends to influence the price movement of precious metal miners. In this article, we’ll take a look at the correlations of selected miners with gold. Gold is the most dominant of the precious metals, and silver, platinum, and palladium are known to closely track its trends.
Most precious metal mining stocks have fallen over the last few months due to falling gold prices. The US dollar’s revival has also impacted precious metals and mining stocks recently.
After looking at Digital Avenue SA.’s (WSE:DGL) latest earnings announcement (30 September 2017), I found it useful to revisit the company’s performance in the past couple of years and assessRead More...