|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.48 - 32.06|
|52 Week Range||29.33 - 40.68|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.52%|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange for the latest on the markets.
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market action.
Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to discuss the latest on the markets.
Yahoo Finance's Alexis Christoforous and Jared Blikre discuss the ramifications of the legendary oil man and energy investor closing his energy hedge fund investment advisory firm, BP Capital Management.
The days of easy gains are over, which is why it’s time to diversify into non-correlated investments, says Nigam Arora.
Goldcorp (GG) generated total revenues of $3,423 million in 2017, which is a decline of 2% YoY (year-over-year). Goldcorp’s production costs also fell 9% YoY to $1.89 billion due to the closure of the Marlin mine and sale of the Los Filos mine. Goldcorp’s net earnings were $658 million, or $0.76 per share, for 2017.
Kinross Gold (KGC) produced 652,710 gold equivalent ounces (or GEOs) for 4Q17 and 2.67 million GEO for 2017. The Americas accounted for 61% of Kinross’s production in 2017. The production at Fort Knox declined YoY, primarily due to lower tons placed on the heap leach pad.
Gold miners (GDX)(GDXJ) face the problem of compensating for every ounce they take out of the ground. Kinross Gold (KGC) has continued to use a gold price assumption of $1,200 per ounce for reserves and $1,400 per ounce for resources since 2011 to estimate reserves and resources at the end of 2017. Kinross’s reserves were 16% lower, at 25.9 million ounces, at the end of 2017 than in 2016.
This piece is focused simply on price action and the psychology which shapes it. When we use multiple timeframe analysis, we first consult the longer-term timeframe to develop our overall thesis, and then we drill down to shorter timeframes to develop our plan. Each candle on the chart combines the price action of 10 trading days.
At extreme levels, these ratings could even signal a change in direction, and so it’s important for investors to track this data. While GG’s share price has underperformed most of its close peers in 2017, analysts are optimistic about Goldcorp’s vision to improve its production and costs over the medium-term.
A correlation study of miners to gold is important since gold is the most crucial of all the four precious metals, and its price could be a determinant of other metals as well as mining stocks. In this part, we’ll be looking at B2Gold (BTG), Royal Gold (RGLD). Mining-based funds are also known to have a high correlation with precious metals.
Gold and gold stocks performed well in 2017. The gold price advanced $150.78 per ounce (13.1%), the GDMNTR was up 12.2%, and the MVGDXJTR gained 6.2%. Gold also did not receive much help from the physical markets, as Indian demand remained near the lows of 2016 and China’s central bank refrained from purchasing gold.
On Wednesday, Treasury Secretary Steven Mnuchin made some surprising comments that sent the U.S. dollar lower. This sent the already-hot SPDR Gold Trust ETF (NYSEARCA:GLD) rocketing, as GLD recorded a fresh 52-week high. As investors know, one catalyst to higher gold prices — and a higher GLD quote — is a lower dollar.