4.08 +0.05 (1.37%)
Pre-Market: 8:38AM EDT
|Bid||4.06 x 500|
|Ask||4.08 x 4100|
|Day's Range||3.98 - 4.13|
|52 Week Range||2.60 - 4.70|
|PE Ratio (TTM)||33.22|
|Forward Dividend & Yield||0.06 (1.43%)|
|1y Target Est||N/A|
Aug.07 -- Nick Holland, Gold Fields Ltd.'s chief executive officer, discusses the outlook for gold prices and M&A activity with Bloomberg's Betty Liu on "Bloomberg Daybreak: Asia." (Video extended to include anchor's question.)
On October 16, 2017, GG, NEM, SBGL, and GFI had implied volatilities of 28.9%, 25.9%, 63%, and 40.4%, respectively.
Among the miners that we're looking at in this part of the series, Sibanye Gold has the lowest correlation to gold on a YTD basis, while Gold Fields has the highest correlation to gold.
The go-to hedge in such situations is of course gold, with most traders naming the SPDR Gold Trust (ETF) (NYSEARCA:GLD) as their weapon of choice. For those traders looking for more than just a little action though — and for those traders who can stomach the extra risk — the Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JNUG) may be the better choice. In the case of the Direxion Shares Exchange Traded Fund Trust, for every 1% junior gold mining stocks collectively rise, JNUG rises 3%.
After a stupendous 2016, the South African gold miners (GDX) have had a disappointing run so far in 2017. As a group, they’ve lost 10.8% YTD.
When considering mining stocks, investors should consider crucial indicators like RSI (relative strength index) levels and call implied volatility.
On October 5, Gold Fields, Agnico-Eagle, Cia De Minas Buenaventura, and AngloGold had implied volatility readings of 40.4%, 33.6%, 35.3%, and 40.9%, respectively.
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
Among the four miners that we're analyzing here, Sibanye Gold has the lowest correlation with gold on a one-year basis, while Gold Fields has the highest.
On September 28, 2017, Alamos, Gold Fields, Pan American, and Barrick Gold had implied volatilities of 46.9%, 40.4%, 34%, and 29.1%, respectively.
Last week was a rough one for mining stocks, as the Fed’s tone and turbulence in North Korea impacted gold. The Fed’s hawkish comments prompted precious metals and mining stocks to fall,…
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Gold Fields Ltd. with the following peers – Newmont Mining Corporation, Barrick Gold Corporation, Compania de Minas Buenaventura SAA Sponsored ADR, AngloGold Ashanti Limited Sponsored ADR, Royal Gold, Inc., Agnico-Eagle Mines Limited, IAMGOLD Corporation, Goldcorp Inc., Sibanye-Stillwater Sponsored ADR and Kinross Gold Corporation (NEM-US, ABX-US, ... Read more (Read more...)
Among the four miners that we're looking at, Sibanye Gold has the lowest correlation to gold on a YTD (year-to-date) basis, while Gold Fields has the highest correlation.
On a year-to-date basis, Sibanye Gold, Gold Fields, and Agnico Eagle Mines have risen 12.2%, 41.9%, and 12.5%, respectively.
Among the four miners we're looking at, Gold Fields has the highest correlation to gold on a YTD basis, while Sibanye Gold has the lowest correlation to gold.
Alamos Gold (AGI), First Majestic Silver (AG), and Royal Gold (RGLD) have year-to-date gains of 3.8%, 44.7%, and 45.8%, respectively.
Announcement: Moody's: South African gold and platinum miners' restructuring supports their credit profiles. Global Credit Research- 12 Sep 2017. DIFC- Dubai, September 12, 2017-- The credit profiles of ...
Most mining stocks have risen over the past month with rising precious metal prices. To assess miners’ performance, we can evaluate their moving averages and returns over the long and short…
A weakness in the dollar often becomes positive for dollar-denominated assets such as gold and silver. However, the relationship between gold and the dollar may not always stay strong.
South African mining company Gold Fields said that profit tumbled to $53 million during the first half of 2017, due to a stronger rand, an increase in amortization and reinvestment in its mines.