|Bid||3.26 x 0|
|Ask||3.31 x 0|
|Day's Range||3.25 - 3.41|
|52 Week Range||3.21 - 5.16|
|PE Ratio (TTM)||24.12|
|Earnings Date||Feb 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.11|
Canada's main stock index fell on Friday, closing at its lowest level in five months, reflecting weakness in mining stocks as gold futures and copper prices declined. * The Toronto Stock Exchange's S&P/TSX ...
Could Gold Catch a Bid if Equities Stay Weak in 2018? While the Federal Reserve kept interest rates unchanged in its policy meeting in January 2018, it raised its outlook for inflation and flagged “further gradual” rate increases. The Fed cited solid gains in employment, capital investment, and household spending while maintaining its outlook for a strong labor market and moderate growth in the US economy.
The most crucial determinant in the price movement of precious metals over the past six months has been the US dollar. The US dollar, depicted by the DXY Currency Index (or DXY), was up 0.4% on Monday, February 5, and it also has a five-day trailing gain of 0.28%. The DXY prices the dollar against a basket of six major world currencies.
Companies that have significant growth prospects for profitability and returns can add tangible upside to your portfolio. New Gold and Toromont Industries are examples of many potential outperformers that analystsRead More...
Gold and silver had a great start to 2018, and they have risen about 3.5% and 1.9%, respectively, year-to-date (or YTD). This also reflected on the SPDR Gold Shares ETF (GLD) and the iShares Silver Funds ETF (SLV), which rose 3.6% and 2.6%, respectively, on a YTD basis. Gold dominates the precious metals because its price direction often causes the other metals to follow.
New Gold to Discuss 2017 Fourth Quarter and Year-End Financial Results on Wednesday, February 21, 2018
TORONTO, Jan. 29, 2018 /PRNewswire/ - New Gold Inc. ("New Gold") (NGD) (NYSE American:NGD) announces that it will release its year-end 2017 financial results after market close on Tuesday, February 20, 2018. You may also listen to the conference call by calling toll free 1-888-231-8191, or 1-647-427-7450 outside of the U.S. and Canada. A recorded playback of the conference call will be available until March 21, 2018 by calling toll free 1-855-859-2056, or 1-416-849-0833 outside of the U.S. and Canada, passcode 9585489.
Based on the gold price strength following December rate increases in 2015 and 2016, we expect to see firmness in the gold price in the first quarter. The firm estimates gold prices will average $1,269 per ounce in 2018.
Could Gold Be Set for a Big Move in 2018? The pace of inflation in the United States unexpectedly strengthened in December 2017 when the core consumer price index (or CPI) rose by 1.8% year-over-year (or YoY), including a monthly advance of 0.3%. Inflation expectations (TIPS) have risen due to the ten-year break-even rate (a market measure of inflation expectations) rising to 2.1%—the highest level since September 2014.