|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.25 - 21.52|
|52 Week Range||20.84 - 25.58|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.51%|
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
In this article, we’ll discuss the market sentiments for these companies. Among the senior gold miners under review (GDX) (GDXJ), analysts are most optimistic about Goldcorp (GG). It has the most “buy” ratings at 65%, with only 5% “sell” ratings.
Gold prices clawed up from a two-week low on Friday, with the metal generally tethered to the dollar this week yet supported by persistent global political and trade tensions.
Gold prices fall Thursday, posting a two-week low as a stable dollar saps some demand for the precious metal, but trade tensions have helped to limit losses for the week so far.
The VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded fund dedicated to gold mining stocks, is essentially flat over the past month, but options traders have recently taken increased ...
Gold prices on Tuesday log their largest one-day gain in a week as the U.S. dollar softened and President Donald Trump fired Secretary of State Rex Tillerson, boosting haven demand for the yellow metal....
Gold slipped Monday, pressured by stock-market gains and overall global risk-taking seen after Friday’s U.S. jobs report eased concerns over accelerating inflation and faster U.S. interest-rate hikes.
Is Gold Set to Remain Higher for Longer as Volatility Soars? The initial jobless claims data for the week ended February 24, 2018, came in at the lowest level since 1969. The seasonally adjusted claims came in at 210,000. The US economy is near full employment.
Will Gold Lose Its Shine with the Spotlight on Bitcoin? Despite anecdotal comments from well-regarded financial commentators that gold prices and gold demand are suffering at the expense of cryptocurrencies, there isn’t any quantifiable evidence that gold holdings are directly suffering from competition from cryptocurrencies. The weakness in physical demand in 2017 – for example, the paltry sales of US Eagles – is largely explained by the steady march higher of the S&P 500.
Will Gold Lose Its Shine with the Spotlight on Bitcoin? Gold has a 7,000-year history as an asset and a long-standing role as money. In contrast, bitcoin and other cryptocurrencies are designed to be used as tokens in electronic payment systems.
Will Gold Lose Its Shine with the Spotlight on Bitcoin? Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. Some commentators went as far as to claim cryptocurrencies could replace gold.
During its investor day on February 22, Barrick Gold’s (ABX) chairman, John Thornton, mentioned that its goal is to grow the free cash flow per share rather than growing “ounces for their own sake.” He added that the company has examined and passed on a range of external opportunities in 2017. Barrick acquired Equinox Mineral for $7.3 billion, with a major asset of a copper mine in Zambia. Thornton stated during the investor day call, “When times are good, companies overpay for mediocre assets and invest in projects with low returns.
Barrick Gold’s (ABX) stock had fallen 15.8% year-to-date (or YTD) as of February 23—an underperformance, given the -5.5% return from the VanEck Vectors Gold Miners ETF (GDX). The SPDR Gold Shares ETF (GLD), which provides access to the physical gold prices, has gained 2.0%. ABX’s close peers Newmont Mining (NEM), Goldcorp (GG), and Agnico Eagle Mines (AEM) have returned 3.1%, 0.5%, and -12.2%.