|Bid||19.17 x 1000|
|Ask||19.98 x 2500|
|Day's Range||19.35 - 19.91|
|52 Week Range||18.41 - 22.94|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.57%|
In the preceding part of this series, we discussed how Newmont Mining (NEM) underperformed the benchmark index in 4Q17 and 2017. NEM’s returns were still positive, whereas Barrick Gold’s (ABX) returns, on the other hand, were negative, coming in at -10.1% and -9.4% in 4Q17 and 2017, respectively. Barrick has started pre-releasing its production results from 3Q17.
Mining stocks tend to take their cues from gold’s movements. For our correlation analysis, we’ll compare a few different mining stocks to gold. In this part of the series, we’ll look at Agnico Eagle Mines (AEM), Franco-Nevada Corporation (FNV), Coeur Mining (CDE), and Barrick Gold (ABX). Mining-based funds are known to have high correlations with precious metals.
Goldcorp (GG) has given negative returns in 2017. Its stock has lost 6.1% of its value as compared to a gain of 12.8% in the iShares Gold Trust (GLD) and 11.1% in the VanEck Vectors Gold Miners ETF (GDX). You can read These Factors Could Help Goldcorp Outperform Peers in 2018.
During the past year, IamGold has seen the highest correlation to gold, while Eldorado Gold has the lowest correlation.
Newmont Mining has been paying higher dividends every year. In 2014, it paid 10.0 cents per share, followed by 12.5 cents in 2015 and 25.0 cents per share in 2016.
In this article, we'll aim to study the correlations of Yamana Gold (AUY), Pan American Silver (PAAS), Coeur Mining (CDE), and Barrick Gold (ABX) with gold.
Among the four miners we're covering, Goldcorp and Barrick have YTD (year-to-date) losses of 12.9% and 14.6%, respectively.
In this part of our series, we'll look at the technical indicators for mining stocks. We'll discuss the call-implied volatility and RSI (relative strength index).
Gold Fields, Coeur Mining, Hecla Mining, and IamGold have call implied volatilities of 40.4%, 46.7%, 33.6%, and 44.3%, respectively.
Generating FCF (free cash flow) is important for gold mining companies (SGDM)(GDX). This excess cash helps miners optimize their financial leverage, invest in projects that can drive long-term value, and ...
Barrick Gold has seen a declining trend in its correlation to gold over the past three years, while the other three miners witnessed a mixed trend in correlation.
If we look at the one-year correlation of miners, Barrick Gold has the lowest correlation with gold, while Eldorado Gold has the highest.
We'll look at a few technical readings for mining stocks, including their RSI (relative strength index) levels and call-implied volatilities.