|Bid||3.80 x 2200|
|Ask||0.00 x 36200|
|Day's Range||3.81 - 3.91|
|52 Week Range||3.25 - 5.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 21, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||0.01 (0.26%)|
|1y Target Est||4.99|
Index (PMI) data, output in the Basic Materials sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Buenaventura (BVN) is one stock you should avoid as it has seen a significant price decline and is also seeing negative earnings estimate revisions.
LONDON, UK / ACCESSWIRE / June 19, 2018 / If you want access to our free earnings report on Hecla Mining Co. (NYSE: HL) (“Hecla”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HL. The Company reported its financial results on May 10, 2018, for the first quarter of the fiscal year 2018, ended March 31, 2018. The Company surpassed analysts' estimates for earnings but missed revenue forecasts for Q1 FY18.
The US Dollar Index (or DXY), which prices the dollar against a basket of six major world currencies, was up 0.36% on the day, and it’s risen almost 3.3% in the last month. The US dollar (UUP) remains a core determinant for gold and other precious metals. During the last month, gold and silver have fallen 2.5% and 1.4%, respectively.
For today, WallStEquities.com scans four Gold stocks, particularly: Goldcorp Inc. (NYSE: GG), Harmony Gold Mining Co. Ltd (NYSE: HMY), Hecla Mining Co. (NYSE: HL), and IAMGOLD Corp. (NYSE: IAG). The precious metals industry is very capital intensive, and gold is the most popular precious metal for investors.
Hecla Mining Company (NYSE:HL) today announced that Mr. Larry Radford has been appointed Chief Operating Officer of the Company effective immediately, a promotion from his previous role of Senior Vice President – Operations, overseeing Hecla’s operations, development projects, pre-development initiatives. “Throughout his career Larry has demonstrated a strong ability to optimize operations, and you can see this in the improved performance of Greens Creek and Casa Berardi since he joined Hecla,” said Phillips S. Baker, Jr., Hecla’s President and Chief Executive Officer.
In this part of the series, we’ll analyze mining stocks’ correlation with gold. Gold dominates the four precious metals, and silver, platinum, and palladium are known to closely track its movement.
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar. As gold prices reached a five-month low, the US dollar reached a five-month high against a basket of six major world currencies. The US dollar (UUP), as represented by the DXY Currency Index, has risen ~3.6% over the last month.
Despite the ongoing slump in the precious metals market, it seems that there could be hope going forward. The price targets of Wall Street analysts have portrayed some silent optimism.
COEUR D'ALENE, Idaho, May 21, 2018 (GLOBE NEWSWIRE) -- New Jersey Mining Company (NJMC) (“NJMC” or the “Company”) announced today that it has sold its Toboggan project to Hecla Silver Valley, a wholly-owned subsidiary of Hecla Mining Company (HL) (“Hecla”) for $3-million cash. New Jersey’s Toboggan property sold to Hecla Silver Valley was comprised of the surface rights to the Little Baldy patented claims and 106 unpatented mining claims totaling more than 2,100 acres along a northwest-trending lineament of gold in quartz vein prospects within North Idaho’s Murray Gold Belt.
Endeavour Silver (EXK) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals. This article focuses on silver, which is predominantly a precious metal and acts as a buffer along with gold during market unrest. Silver was trading at $16.4 per ounce as of 9:00 AM. The resistance level for silver is at a 50-day moving average of $16.55.
After reviving compared to their previous losses, the four precious metals are in negative territory again. The revival of the US dollar 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.
Environmental groups challenged the Trump administration in federal court Wednesday over its rejection of an Obama-era proposal that would have required mining companies to prove they have enough money to clean up their pollution. The Idaho Conservation League, Earthworks, Sierra Club and other groups filed a petition with the U.S. Court of Appeals in Washington, D.C. asking it to review last year's move to drop the rule. An attorney for the environmental groups said the reversal under Trump leaves taxpayers responsible into the future for mining pollution that fouls waterways and endangers public health.
Miners are usually a leveraged play on metals, rising by a higher proportion when metal prices rise and falling harder when metal prices weaken. This trend hasn’t been visible lately as company-specific factors exerted more influence on stock prices. In 2018, the iShares Silver Funds ETF (SLV), which tracks spot silver prices, has fallen 2.8%.
Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10. The DXY had gained over the last month, rising 3.4%, while gold fell 1.6%. Over the past few months, the US dollar (UUP) has been the most critical driver of gold prices.
When it comes to precious metals, gold captures most of the spotlight. However, silver could be the real money metal in our current market. That’s because silver has the best of both worlds.
In this part of the series, we’ll look at the correlation between gold and four mining stocks: New Gold (NGD), Newmont Mining (NEM), Hecla Mining (HL), and Kinross Gold (KGC). For the most part, mining stocks move in tandem with gold prices. Among these four miners, Newmont has shown the highest correlation with gold this year, while Hecla has shown the lowest correlation.
Gold’s price dipped 0.13% to $1,312.8 per ounce on May 9. The fall in gold was extended for a number of reasons, including a decrease in overall volatility and rising US Treasury rates. We’ll discuss these factors at length in the next few articles.
The Coeur d`Alene, Idaho-based company said it had net income of 2 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research ...
In April, the market’s unrest had a significant effect on precious metals and miners, leading to increased prices. 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.
NEW YORK, May 08, 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 Boardwalk ...
Hecla Mining Company today provided an update on its exploration programs during the first quarter.