4.11 +0.19 (4.85%)
Pre-Market: 6:45AM EDT
|Bid||4.11 x 3900|
|Ask||4.15 x 100|
|Day's Range||3.89 - 4.00|
|52 Week Range||3.06 - 4.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.07 (1.88%)|
|1y Target Est||4.30|
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.
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI). Mining stocks mostly move with gold prices, but not always. Among these four miners, Gold Fields has shown the highest correlation with gold, while Royal Gold has seen the lowest correlation with gold on a YTD (year-to-date) basis.
Usually, precious metal mining companies closely follow precious metals. All four precious metals except platinum saw their prices rise on Tuesday, April 10, 2018.
Platinum is used in diesel-based generators while palladium is used for gasoline-based engines. The platinum market has been in short supply for the past few years. Since the beginning of 2018, platinum has increased 2.6%. In this part of the series, we’ll focus on the gold-platinum spread, which compares the price performance between these two metals. When analyzing platinum markets, it’s essential to compare the metal’s performance with gold, which is the most crucial of the four precious metals. The comparative performance of gold and platinum can also be analyzed through gold- and platinum-based funds such as the Physical Platinum (PPLT) and SPDR Gold Shares (GLD) ETFs.
The list of the biggest gold mining companies in the world includes many publicly-traded companies, which can be good investment opportunities for investors seeking to diversify their portfolio and get some exposure to the precious metal. Whether you want to invest in physical gold or one of the biggest gold mining companies in the world, […]
VANCOUVER, British Columbia, April 05, 2018-- Asanko Gold Inc. is pleased to announce that it has completed the previously announced private placement with Gold Fields Limited, pursuant to which a subsidiary ...
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.
LONDON, UK / ACCESSWIRE / April 03, 2018 / Active-Investors.com has just released a free research report on Gold Fields Ltd (NYSE: GFI ). If you want access to this report all you need to do is sign up ...
A crucial factor that could be behind the loss in precious metals on Wednesday was the rebound in the US dollar. The US Dollar Index, which is depicted by the DXY Currency Index (UUP), increased 0.82% on Wednesday. The rise of the US dollar is often detrimental for precious metals, as they are all dollar-denominated assets.
South Africa's Gold Fields will buy a near 50 percent share of Asanko Gold Inc's Ghana subsidiary and take a stake in the Canadian miner in a $202.6 million deal, it said on Thursday. The deal fits with Gold Fields' strategy of buying cash generative, working mines rather than embarking on costly greenfield explorations but some investors were not convinced, sending the company's shares tumbling as much as six percent. "We are buying into an operation with cash flowing today so we expect this to have a strong impact on the overall cash flows over the next year or two," Gold Fields Chief Executive Nick Holland told Reuters.
ACCRA, Ghana, March 29, 2018-- South Africa’ s Gold Fields and Canada’ s Asanko Gold are pleased to announce a 50:50 joint venture partnership with regards to Ghana’ s newest gold mine, the Asanko Gold ...
Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce it has, through a wholly owned subsidiary, entered into a definitive agreement subject to certain customary conditions to form a 50:50 incorporated joint venture with Canada's Asanko Gold, Inc (TSX/NYSE AMERICAN: AKG) (Asanko). The Gold Fields subsidiary has agreed to acquire a 50% stake in Asanko Gold Ghana Limited's (AGG) 90% interest in the Asanko Gold Mine, associated properties and exploration rights in Ghana (AGM). The purchase consideration comprises an upfront payment of US$165m on closing of the transaction and a deferred payment of US$20m.
South Africa's Gold Fields said it will buy a 50 percent stake in Asanko Gold Inc's Ghana subsidiary and take a stake in the Canadian miner in a $202.6 million deal. Gold Fields said in a statement on Thursday that as well as acquiring half of Asanko Gold Ghana's 90 percent interest in the Asanko Gold Mine, its Ghana subsidiary will also acquire associated properties and exploration rights in the African country. The deal includes an upfront payment of $165 million on closure of the transaction and a deferred payment of $20 million.
VANCOUVER, British Columbia, March 29, 2018-- Asanko Gold Inc. is pleased to announce that it has entered into certain definitive agreements under which Asanko will receive US $185 million for a 50% joint ...
JOHANNESBURG , March 28, 2018 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) today published its Integrated Annual Report 2017 (IAR) and a number of associated reports on its website. ...
NEW YORK, March 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...