|Bid||0.00 x 900|
|Ask||0.00 x 1800|
|Day's Range||14.47 - 15.23|
|52 Week Range||10.56 - 26.71|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.92|
|Expense Ratio (net)||1.23%|
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)BMO Capital Markets BMO Capital Markets raised its gold price forecast for 2019 0.8% to $1,293 per ounce in March. The firm is expecting gold prices to average
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Deutsche BankLike many other analysts, Deutsche Bank (DB) is also bullish on gold (GLD) prospects. As reported by Barron’s, Deutsche Bank analyst Chris Terry
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Goldman Sachs is bullish on gold prices Gold prices (GLD) haven’t been going anywhere for the past few months. However, Goldman Sachs (GS) is still bullish on
Checking In on Gold Miners Ahead of Their Q1 2019 Results(Continued from Prior Part)Higher multiplesThe chart below compares gold miners’ forward EV[1.enterprise value-to-EBITDA multiples and forward EBITDA margins. Agnico Eagle Mines’ (AEM)
AEM Beats Q1 Earnings and Revenue Estimates, Wall Street Bullish(Continued from Prior Part)AEM’s stock outperformanceAgnico Eagle Mines’ (AEM) stock has significantly outperformed its peers year-to-date. Up to April 25, AEM’s stock has risen
Precious metals like gold can provide investors with the uncorrelated diversification of their investment capital via the convenience, transparency and liquidity of an exchange-traded fund (ETF). Amid ...
Checking In on Gold Miners Ahead of Their Q1 2019 ResultsGold prices Gold prices have fallen 3.6% this year after falling ~1.9% in 2018, significantly underperforming broader markets. As of April 24, the S&P 500 (SPY), Dow Jones Industrial
What’s in the Cards for Newmont Mining’s Q1 Results?(Continued from Prior Part)Analysts’ expectations Analysts expect Newmont to report revenues of $1.83 billion for the first quarter. This estimate implies growth of 0.5% year-over-year. Its
Amid first-quarter earnings thus far, gold has taken a back seat with the precious metal falling one percent on Tuesday to settle at a price of $1,274.31 as of 12:45 p.m. ET. Last week, gold fell ahead of first-quarter earnings season as the dollar gained while the precious metal slumped to its lowest level of the month last Thursday. Gold fell 1.23 percent at the close of Thursday’s trading session to settle at a price of $1.295.15.
Why Is Deutsche Bank Bullish on Gold?(Continued from Prior Part)Deutsche Bank upgraded Barrick Gold Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019. Due to
Despite news of a trade deal swirling with the U.S., China is shoring up its reserves of gold amid a slowing economy. This could help exchange-traded funds (ETFs) like the SPDR Gold Shares (GLD) and SPDR Gold MiniShares (GLDM) . Per a Bloomberg report, the "People’s Bank of China raised reserves to 60.62 million ounces in March from 60.26 million a month earlier, according to data on its website on Sunday." Furthermore, the world's second largest economy has been adding more gold to its reserves for a fourth straight month.
How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Newmont’s underperformance Newmont Mining (NEM) stock returned 3.2% in the first quarter, almost half the gains in the VanEck Vectors Gold Miners ETF (GDX) in the same period. It
How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Barrick Gold’s underperformance Barrick Gold (GOLD) underperformed its senior and intermediate peers (NUGT) (GDXJ) as well as the broader benchmark index (GDX) during the first
Gold faced downward pressure on Monday, but precious metals consultancy Metals Focus said in its latest Gold Focus 2019 report that a rally towards the end of 2019 could be ahead. The Dow Jones Industrial ...
In 2018, rising interest rates that coincided with an extended bull run in U.S. equities for most of the year fueled a strong dollar, tamping down gains for gold. However, when investors got washed in a cycle of volatility that started in the fall and lasted through year’s end, investors were quick to reconsider the precious metal as a safe haven, which helped ETFs like the SPDR Gold Shares (GLD A-) – an industry leader with a $34 billion market cap.
Wall Street Is Loving these Five Gold Stocks Lately(Continued from Prior Part)Analysts’ ratings According to Thomson Reuters, of the 15 analysts covering Newmont Mining (NEM), 67.0% have given the stock a “buy” rating, 20.0% say “hold,”
Bouts of volatility and uncertainty have raised the appeal of leveraged and inverse leveraged ETFs in March for huge gains in a short span.
Wall Street Is Loving these Five Gold Stocks Lately(Continued from Prior Part)Analysts’ ratings for WPMAmong major gold (GLD)(IAU) mining and gold streaming companies (GOAU), Wheaton Precious Metals (WPM) is analysts’ favorite and has received
Wall Street Is Loving these Five Gold Stocks Lately(Continued from Prior Part)Gold miners’ leveraged performanceGold miners usually act as a leveraged play on gold prices. In 2018, the VanEck Vectors Gold Miners ETF (GDX) fell 9.3%, amplifying the
Will Newmont Investors Approve GG Merger after Special Dividend?Newmont’s special dividend payment Today, Newmont Mining (NEM) announced a conditional special dividend to shareholders if its proposed merger with Goldcorp (GG) goes through. This
Markets Spooked as Yield Curve Inverts for First Time since 2007(Continued from Prior Part)Fed’s dovish stanceAnother factor that added to the downward pressure on yields came after the Fed’s more-dovish-than-expected take on future rate hikes.
John Paulson Opposes the Newmont-Goldcorp MergerNewmont-Goldcorp merger As reported by Reuters on March 21, in a letter to Newmont Mining’s (NEM) CEO, Paulson & Co. said it doesn’t favor Newmont Mining’s $10 billion merger with Goldcorp
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Net debt-to-EBITDAIf a company has high debt but has the capacity to repay it through its earnings, then the debt likely won’t be much trouble for the company.
What Are Markets Expecting from Fed’s Policy Meeting?(Continued from Prior Part)Fed’s inflation targetThe Federal Reserve’s two main objectives are stabilizing prices and maximizing employment. The Fed’s inflation target has been 2% for a
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Analysts’ recommendations for Kinross GoldOf the 20 analysts covering Kinross Gold (KGC) as per the consensus compiled by Thomson Reuters, 40% have given it “buy”