|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.42 - 5.60|
|52 Week Range||3.55 - 7.25|
|PE Ratio (TTM)||5.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.65|
IAMGOLD (IAG) was the best-performing gold stock of 2017, returning 51.4% for the year. It significantly outperformed the VanEck Vectors Gold Miners ETF (GDX) as well as the SPDR Gold Shares (GLD). In 2018, however, the equation has somewhat reversed. Its stock has returned -4.5% year-to-date as of April 17.
The International Monetary Fund (or IMF) also warned on April 18, 2018, that the unexpected rise in US inflation could cause significant global tensions, which could force central banks to respond firmly. It added that a hike in inflation in the US could lead the Federal Reserve to raise interest rates faster than expected. The director of the IMF’s monetary and capital markets department, Tobias Adrian, said, “What we are flagging is that at some point markets see shocks in inflation that raise inflation uncertainty and when that happens, that is associated with a rise in long-term interest rates and that might lead to a tightening in financial conditions.” While he said that the uncertainty regarding US inflation is very low, markets could have an outsized reaction to any spike.
HONG KONG/SINGAPORE, April 20 (Reuters) - Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia's biggest general insurer by market share, has ventures in Malaysia, Thailand, Vietnam and Indonesia in Southeast Asia, and could complete the sale process by the third quarter, the people said.
Gold prices rose ~3% year-to-date (or YTD) after rising ~13% in 2017. Gold prices are affected by a number of factors, including rate hike expectations, trade war fears, the US dollar, and increasing volatility.
Recent market unrest has had a significant effect on precious metals and the US dollar, which influences dollar-denominated precious metals and mining stocks. In this part of the series, we’ll look at miners’ RSI (relative strength index) scores and implied volatility. The miners we’ve selected for our analysis are Wheaton Precious Metals (SLW), Randgold Resources (GOLD), AngloGold Ashanti (AU), and IAMGOLD (IAG). In the last 30 days, miners’ performance has been mixed. GOLD and AU have fallen 2.5% and 0.11%, respectively, while SLW and IAG have risen 6.8% and 13.2%.
Precious metals had another up day as gold futures for April expiration rose 0.48% on Friday, April 13, closing at $1,344.80 per ounce. Silver rose 1.1%, ending the day at $16.60 per ounce.
While gold miners have been out of favor for a long time, that might be about to change. Since the uncertainty in the market is increasing, gold prices are poised to rise. This rise should be followed by gold miners (GDX), which are essentially a leveraged play on gold prices.
Gold rose again on April 16, 2018, but it was a marginal increase compared to the previous trading session. Spot gold rose 0.03%, while futures for April expiration increased 0.2% and closed at $1,347.50 per ounce. Palladium joined gold and rose 2.3%, ending the day at $1,004.80 per ounce and surpassing the $1,000 mark again. Palladium has had gains of almost 7.6% over the past five trading days.
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.
LONDON, UK / ACCESSWIRE / April 17, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Eldorado Gold, Gran Colombia ...
The Fed minutes from its policy meeting on March 20–21 were released on April 11, 2018. In the March meeting minutes, the FOMC (Federal Open Market Committee) staff review of the economy was stronger than the review presented at the January meeting. According to the minutes, all of the FOMC members expected 12-month inflation (TIP) to increase in the coming months.
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.
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as IAMGOLD Corporation (NYSE:IAG), with a market capitalization of US$2.52B, rarely draw their attention from the investing community.Read More...
Canada's main stock index was little changed on Friday as gains in mining and energy companies were offset by declines in financial stocks. * At 9:59 a.m. ET , the Toronto Stock Exchange's S&P/TSX Composite ...
Recently, the unrest in the markets has had a significant effect on precious metals and the US dollar. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.
LONDON/BERLIN (Reuters) - IAG's (ICAG.L) move on budget carrier Norwegian Air Shuttle (NWC.OL) may prove a shrewd move for the group led by Willie Walsh ahead of expected further turbulence in the European aviation industry. Norwegian's plan to bring the low-cost model that has proven so successful on short-haul routes in Europe to flights across the Atlantic has affected IAG's British Airways more than other carriers in Europe because Norwegian has targeted flying from Britain in particular. Analysts estimate British Airways makes the majority of its profit on North Atlantic routes and alliances between established carriers on both sides of the Atlantic have for years helped to protect prices more than in other regions.
Can British Airways owner International Airlines Group (IAG) make a deal for Norwegian Air fly? It has turned up unannounced in the low cost carrier’s departure lounge, brandishing its corporate cheque book. IAG’s boss Willie Walsh is clearly hoping that the 4.6 per cent stake his company has quietly built up will grant him priority boarding and the right to talk to Norwegian’s punchy pilot Bjorn Kos, who controls a quarter of the company's stock, about buying the plane out.
A trailblazer of low-cost long-haul flying in Europe, Norwegian has been leading the charge to eat into the trans-Atlantic market where traditional full-service carriers like British Airways have historically made most of their profits. Norwegian has already made its impact felt: British Airways and others have recently tried to compete more directly with Norwegian by introducing basic economy fares. Seasoned deal-maker Walsh was much quicker than rival full-service airlines Air France-KLM and Lufthansa to embrace budget flying, buying short-haul carrier Vueling in 2015 and setting up IAG's own long-haul low-cost carrier Level last year.
As gold prices remained buoyant, gold equities also rose. The VanEck Vectors Gold Miners ETF (GDX) rose 2.2% against gold’s 1.0% gain. Among the major gold equities, Yamana Gold (AUY) rose the most by 6.4%, followed by IAMGOLD (IAG), which rose 4.6%. These two stocks are more leveraged to gold prices as compared to their peers. IAG, for example, rose 148% and 41% in 2016 and 2017, respectively, against gold price gains of 8% and 13% in 2016 and 2017. Year-to-date (or YTD), AUY and IAG have returned -9.4% and -11.3%, respectively.
A trailblazer of low-cost long-haul flying in Europe, Norwegian has been leading the charge to eat into the trans-Atlantic market where traditional full-service carriers like British Airways have historically made most of their profits. Norwegian has already made its impact felt: British Airways and others have recently tried to compete more directly with Norwegian by introducing basic economy fares. Seasoned deal-maker Walsh was much quicker than rival full-service airlines Air France-KLM (AIRF.PA) and Lufthansa (LHAG.DE) to embrace budget flying, buying short-haul carrier Vueling in 2015 and setting up IAG's own long-haul low-cost carrier Level last year.
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).
NEW YORK, April 11, 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 ...
Usually, precious metal mining companies follow precious metals. Gold, platinum, and palladium had an up-day on Monday, April 9. Though the mining companies tend to closely react to miners, they showed a mixed performance on Monday.