|Bid||3.16 x 0|
|Ask||3.25 x 0|
|Day's Range||3.15 - 3.24|
|52 Week Range||2.85 - 5.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.94|
On a per-share basis, the Toronto-based company said it had a loss of 5 cents. Losses, adjusted for non-recurring costs, came to 3 cents per share. The results fell short of Wall Street expectations. The ...
In this part of our series, we’ll look at the correlation between gold and four mining stocks: B2Gold (BTG), Royal Gold (RGLD), New Gold (NGD), and Newmont Mining (NEM). Mining stocks mostly move with gold prices, but not always. Among these four miners, Newmont has shown the highest correlation with gold this year, while B2Gold has seen a negative correlation.
Usually, precious metal mining companies follow precious metals for price direction. All four precious metals except palladium saw a down day on Friday, April 20. That led to a fall in most miners’ prices.
LONDON, UK / ACCESSWIRE / April 23, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: New Gold, Dalradian Resources, Eastmain Resources, and Argonaut Gold. Today's stocks of interest consist of: New Gold Inc. (TSX: NGD), Dalradian Resources Inc. (TSX: DNA), Eastmain Resources Inc. (TSX: ER), and Argonaut Gold Inc. (TSX: AR).
In this part of our series, we’ll be looking at the correlation between gold and four mining stocks: New Gold (NGD), Newmont Mining (NEM), Franco-Nevada (FNV), and Randgold Resources (GOLD). Mining stocks mostly move with gold prices but not always. Mining stocks have high correlations with gold. The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) also tend to have strong correlations with gold.
Precious metals had another up day as gold futures for April expiration rose 0.48% on Friday, April 13, closing at $1,344.80 per ounce. Silver rose 1.1%, ending the day at $16.60 per ounce.
The Fed minutes from its policy meeting on March 20–21 were released on April 11, 2018. In the March meeting minutes, the FOMC (Federal Open Market Committee) staff review of the economy was stronger than the review presented at the January meeting. According to the minutes, all of the FOMC members expected 12-month inflation (TIP) to increase in the coming months.
Recently, the unrest in the markets has had a significant effect on precious metals and the US dollar. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.
Yamana Gold (AUY) and Agnico Eagle Mines (AEM) also underperformed the Gold Miners Index (GDX) and gold (GLD) in 1Q18, falling 16.1% and 10.0%, respectively. However, their losses were smaller than those seen by intermediate peers Eldorado Gold (EGO) and New Gold (NGD), which fell 41.7% and 24.3%, respectively, mainly due to issues at several of their mines.
New Gold Provides Notice of Annual General Meeting of Shareholders and Release of First Quarter 2018 Results
In its first meeting under new chief Jerome Powell, the US Federal Reserve increased interest rates by a quarter of a point. Markets widely expected the rate hike. New Fed Chairman Jerome Powell believes the US economic outlook has strengthened in recent months.
TORONTO, March 26, 2018 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (NGD.TO) (NYSE American:NGD) announced today the pending retirement of four Directors, Vahan Kololian, Martyn Konig, Randall Oliphant and Kay Priestly, as well as the nomination of two new independent Directors, Dr. Gillian Davidson and Peggy Mulligan.
LONDON, UK / ACCESSWIRE / March 19, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: New Gold, Dalradian Resources, ...
Of late, the most crucial factors affecting gold prices are the US dollar and the potential change in the US interest rate. Precious metals are highly sensitive to movements in Treasury rates, as gold and Treasuries are competitors as haven assets. As investors await the Federal Reserve’s meeting in a few days, there’s a high chance that the interest rate will rise.
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.