|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.88 - 3.97|
|52 Week Range||3.76 - 10.60|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.41 (10.47%)|
|1y Target Est||5.25|
When Lonmin Plc Chief Executive Officer Ben Magara announced in December that Sibanye Gold Ltd. had agreed to buy the platinum miner, he was visibly relieved.
Is Gold Set to Remain Higher for Longer as Volatility Soars? The new Federal Reserve chairman, Jerome Powell, made his first public appearance in that capacity on February 27, 2018. Testifying before the House Financial Services Committee, Powell acknowledged that the US economy has firmed up recently.
Another critical factor that has been affecting the price movement of precious metals is overall market volatility, which is depicted by the CBOE Volatility Index (or VIX). Also, the worries about the interest rate hike have been critical in adding to the volatility in the market.
What Caused the Slump in Precious Metals and Miners? Another element besides the fluctuations of the US dollar that could have led to the fall in precious metals is the US interest rate. The Fed has kept investors on their toes with the rise in interest rates playing on the equity market slump.
Sibanye Gold Ltd. will consider moving its primary listing to North America from Johannesburg to allow the miner to tap capital in that market and help fund future deals.
Mining executives, investors and government ministers are meeting in drought-hit Cape Town for the African Mining Indaba, the continent’s largest gathering of one of its most vital industries.