RING - iShares MSCI Global Gold Miners ETF
| Previous Close | 14.20 |
| Open | 14.20 |
| Bid | 0.00 x 4000 |
| Ask | 0.00 x 800 |
| Day's Range | 14.11 - 14.29 |
| 52 Week Range | 13.33 - 20.35 |
| Volume | 218,359 |
| Avg. Volume | 229,865 |
| Net Assets | 232.99M |
| NAV | 14.43 |
| PE Ratio (TTM) | N/A |
| Yield | 0.82% |
| YTD Return | -23.20% |
| Beta (3y) | 0.47 |
| Expense Ratio (net) | 0.39% |
| Inception Date | 2012-01-31 |
Market Realist•27 days agoHow Do Gold Miners’ Liquidity Positions Look?
One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) and Kinross Gold (KGC) are doing the best among senior miners with ratios of 4.6x and 3.7x, respectively. Goldcorp (GG) and Yamana Gold (AUY), on the other hand, have the lowest current ratios of 1.01x and 1.04x, respectively.
Market Realist•29 days agoAnalyzing Gold Miners’ Beats and Misses after Q2 2018
Among the gold miners (RING) (GDX) we’re discussing in this series, only Newmont Mining (NEM) beat analysts’ expectations in the second quarter. Stock reactions to the companies’ beats and misses and the extent of gold’s beats and misses varied among miners.
Market Realist•29 days agoWhy Newmont Mining Expects Cost Improvements in 2019
Newmont Mining’s (NEM) AISC (all-in sustaining costs) totaled $1,024 per ounce in the second quarter, 16.0% higher YoY (year-over-year) and 5.2% higher sequentially. This represents the temporary rise in costs for Newmont Mining in 2018 as the company executes its stripping campaigns at Carlin, Twin Creeks, Boddington, and Yanacocha.
Market Realist•last monthKinross Gold’s Balance Sheet at the End of Q2 2018
Kinross Gold’s (KGC) liquidity position at the end of the second quarter wasn’t much different than it was at the end of the first quarter. It ended the second quarter with cash and cash equivalents of $918.7 million. Investors should note that this liquidity position is more significant since the company doesn’t have any debt maturity until 2021.
Market Realist•2 months agoWhy Barrick Gold’s All-In Sustaining Costs Rose 21% YoY
Barrick Gold (ABX) reported AISC (all-in sustaining costs) of $856 per ounce and cost of sales of $882 per ounce in the second quarter. Its cost of sales reached 22.0%, and its AISC was 21.0% higher YoY (year-over-year). These costs were also higher than the company’s guidance ranges for the full year. However, some of these higher costs were anticipated by the company.
- ETF Trends•2 months ago
7 Fundamentals of Gold
The outlook for gold is the brightest it’s been in almost a decade. On the upcoming webcast Tuesday, July 17, 7 Fundamentals of Gold, Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors, ...
Market Realist•2 months agoGold’s Modest Response to Europe’s Localized Risks
It seems that every time new, scary headlines emerge, press articles declare that gold no longer serves as a safe haven.2 The Italian political crisis is the latest case in point. The evolving situation in Italy is supportive of gold, as shown by its resilience against a strong move in the U.S. dollar. However, anyone expecting a big move from gold fails to understand the fundamentals of the gold market. Gold responds to genuine global systemic risks. These are risks that can have a negative financial impact on just about everyone personally and/or professionally, i.e. ...
- Market Realist•4 months ago
How Are Precious Metals Reacting to Market Volatility?
Besides the rise and fall in the US dollar, another crucial factor affecting precious metals price changes is overall market volatility. Recently, when the United States withdrew from the Iran nuclear deal, the markets seemed to breathe a sigh of relief. Also, the geopolitical issues in the Korean Peninsula seem to have subsided. We also saw North Korea free three American detainees just ahead of talks between President Donald Trump and Kim Jong Un.
Market Realist•4 months agoWhat Newmont’s Higher Costs in 2018 Mean
Newmont Mining’s (NEM) AISC (all-in sustaining costs) were $973 per ounce in 1Q18, 8.1% higher YoY (year-over-year) and 0.5% higher quarter-over-quarter. AISC were driven higher by oil prices, mill maintenance at the Boddington mine, higher stockpile and leach pad inventory adjustments, and exploration expenses. While NEM’s unit costs increased YoY, they were in line with its fiscal 2018 guidance.
- Market Realist•5 months ago
How Mining Stocks’ Technicals Moved at the End of April
The recent downturn in metals prices has had a considerable impact on miners. Most of them have entered the red territory. 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 Alamos Gold (AGI), B2Gold (BTG), Goldcorp (GG), and New Gold (NGD).
- Market Realist•5 months ago
What to Watch for on Barrick Gold’s 1Q18 Earnings Call
Barrick Gold (ABX) generated negative returns amounting to 9.7% year-to-date (or YTD) as of April 17. The stock has significantly underperformed its close peers Goldcorp (GG), Newmont Mining (NEM), and Agnico Eagle Mines (AEM), which returned 12.5%, 10.9%, and -1.9%, respectively. The VanEck Vectors Gold Miners ETF (GDX) returned -1.5%.
- Market Realist•5 months ago
What Mining Stocks’ Relative Strength Indicators Suggest
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.
- Market Realist•5 months ago
Could these Gold Miners Beat Earnings Estimates in 1Q18?
We discussed analysts’ revenue estimates for gold miners in the previous part of this series. In this part, we’ll discuss what analysts expect for these gold miners’ (RING) earnings.
Market Realist•5 months agoReading the Movements of Miners’ Correlations with Gold
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI). Mining stocks mostly move with gold prices, but not always. Among these four miners, Gold Fields has shown the highest correlation with gold, while Royal Gold has seen the lowest correlation with gold on a YTD (year-to-date) basis.
Market Realist•6 months agoComparing Mining Stocks’ Correlation with Gold
What Drove Gold and Silver Upward?
- Market Realist•6 months ago
A Look at the Year-to-Date Correlation of Miners in 2018
Why Are Precious Metals Slowing Down?
Market Realist•6 months agoWhat’s Driving Analysts’ Earnings Estimates for Newmont Mining?
Newmont Mining (NEM) is one of the very few gold mining stocks to have given a flat-to-positive return this year. Its strong project pipeline is the major driver behind its consistent-to-increasing production profile. To learn more about its outlook, read Why Newmont Mining Stock Fell despite the 4Q17 Earnings Beat.
Market Realist•6 months agoIs the Correlation of Miners to Gold Strengthening or Weakening?
How the FOMC Meeting Moved Precious Metals
Market Realist•6 months agoA Look at Miners’ Recent Correlations with Gold
Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals. The movements in the remaining three precious metals—silver, platinum, and palladium—mostly depend on gold’s movements. For our correlation analysis, we’ll look at First Majestic Silver (AG), B2Gold (BTG), Royal Gold (RGLD), and Goldcorp (GG). Mining-based funds also have high correlations with precious metals.
Market Realist•6 months agoA Look at Gold Miners’ Liquidity Positions Post-4Q17
One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) and Kinross Gold (KGC) are doing the best among senior miners on this front with ratios of 3.6x and 3.9x, respectively. Goldcorp (GG) and Yamana Gold (AUY), on the other hand, have the lowest current ratios of 0.9x and 1.0x, respectively.
- InvestorPlace•6 months ago
3 ETFs Below $20 That Offer Great Upside Potential
Most investors want to put their money in equities but may not be able to afford large stakes in valuable companies with higher priced stocks. For them, low-priced stocks could be attractive as these will enable them to buy more number of shares instead of just a handful of higher priced stocks for the same amount. For example, an investor willing to spend $10,000 can either purchase at least 500 shares of a stock trading under $20 or only 100 shares of a stock trading at $100.Source: Shutterstock
- Zacks•6 months ago
The Zacks Analyst Blog Highlights: Fidelity MSCI Energy Index, PowerShares High Yield Equity Dividend Achievers Portfolio and iShares MSCI Global Gold Miners
The Zacks Analyst Blog Highlights: Fidelity MSCI Energy Index, PowerShares High Yield Equity Dividend Achievers Portfolio and iShares MSCI Global Gold Miners
- Zacks•6 months ago
3 ETFs Below $20 That Offer Great Upside Potential
We have dug into ETFs that are below $20 and have AUM of over $300 million and average daily volume of more than 100,000 shares. These low-priced ETFs could lead to huge gains in the coming months.
- Market Realist•6 months ago
How Mining Stocks Moved on March 6
How the Falling Dollar Is Affecting Precious Metals
Market Realist•7 months agoWhat Do Precious Metal Miners’ Technicals Mean?
Shaky Precious Metals and Their Revival
