3.80 -0.06 (-1.55%)
After hours: 5:11PM EDT
|Bid||3.80 x 100|
|Ask||4.00 x 1900|
|Day's Range||3.86 - 3.99|
|52 Week Range||3.25 - 6.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 21, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||0.01 (0.26%)|
|1y Target Est||4.97|
Usually, precious metal mining companies follow precious metals. Precious metals have risen over the past few days, supporting mining companies.
In this part of our series, we’ll be looking at the correlation of gold to four mining stocks: AngloGold Ashanti (AU), Hecla Mining (HL), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining stocks mostly move with gold prices but not always. Among these four miners, AngloGold has shown the highest correlation to gold, while Eldorado Gold has had a negative correlation to gold on a YTD (year-to-date) basis.
Usually, precious metal mining companies follow precious metals for price direction. Precious metals increased on Monday, April 16, 2018, as did most mining stocks.
A crucial factor that continues to affect gold is the US dollar. On Wednesday, gold and the US dollar rose 0.15% and 0.12%, respectively. However, these two move in the opposite direction most of the time. On a YTD (year-to-date) basis, gold has risen 3.4%, while the dollar has lost 2.7%.
The recent unrest in the markets has had a significant effect on precious metals and mining companies. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.
Yesterday, Donald Trump accused Russia and China of devaluing their currencies. Trump tweeted that China and Russia are playing “the currency devaluation game as the U.S. keeps raising interest rates. Not acceptable!” Investors should note that this is a contradiction of the US Treasury, which had maintained that no major trading partners are manipulating their currencies.
An Idaho mining company went to court Thursday seeking to overturn its designation by Montana officials as an industry "bad actor" because of pollution tied to its CEO. Hecla Mining Co. asked ...
The Latest on an Idaho mining company that plans to develop two mines in Montana. (all times local): 5 p.m. A Montana judge is weighing arguments from an Idaho mining company that says it was unfairly ...
Recently, the unrest in the markets had a significant effect on precious metals and the US dollar. The US dollar has a significant role in dollar-denominated precious metals and mining companies. In this part of the series, we’ll look at miners’ RSI (relative strength index) scores and implied volatilities. The miners we’ve selected for our analysis are Yamana Gold (AUY), AngloGold Ashanti (AU), Hecla Mining (HL), and Iamgold (IAG).
Hecla Mining Company today announced preliminary silver and gold production results¹ for the first quarter of 2018.
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Cia De Minas Buenaventura (BVN), and Hecla Mining (HL). Mining stocks mostly move with gold prices but not always. Among these four miners under discussion, Cia De Minas has shown the highest correlation with gold, while Hecla has the lowest correlation to gold on a YTD (or year-to-date) basis.
In this part of our series, we’ll analyze the correlation between gold and four mining stocks: Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold, (KGC), and Alacer Gold (ASR). Mining stocks tend to move with gold prices. Among these four miners under discussion, Kinross Gold has shown the highest correlation with gold while Eldorado is indicating a negative correlation to gold on a YTD or year-to-date basis.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Basic Materials sector is rising.
Gold’s recent gains came on the back of uncertainty, which was pinned by weakness in the US dollar (UUP). The Fed’s less-hawkish-than-expected guidance in the near term, trade war talks, recent inflation, and other economic data were mostly negative for the dollar. While the immediate concerns over a trade war have receded, the uncertainty is far from over.
The head of an Idaho mining company said Friday that Montana officials appeared to be seeking to delay two mines proposed for a remote wilderness area by designating him a "bad actor" because ...
The US dollar (UUP) had started firming up in February and early March after a disappointing 2017. After the Fed’s decision, the dollar fell 0.7% to 83.5 as the committee suggested only two more hikes. We saw the currency’s largest one-day decline since the end of January. The Fed’ stance was slightly less hawkish than expected in the near term, which led to weakness in the US dollar.
Montana officials singled out a mining company president as an industry “bad actor” on Tuesday, and said the company could have to reimburse taxpayers more than $35 million for past pollution cleanups ...