|Bid||82.00 x 800|
|Ask||100.50 x 1300|
|Day's Range||88.23 - 89.81|
|52 Week Range||74.35 - 94.39|
|PE Ratio (TTM)||100.67|
|Earnings Date||Aug 8, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||1.00 (1.12%)|
|1y Target Est||96.32|
Gold prices rebounded on Thursday, May 24, and futures contracts for June delivery rose 0.5% from the previous day’s close of $1,296.2 an ounce. Spot gold entered the $1,300 territory as the US dollar got weak. Adding to the global tensions, Turkey (TUR) was in focus yesterday with its currency, the lira, dropping almost 2% after a huge emergency interest rate hike failed to ameliorate its problems.
Wheaton has one of the higher yields in the gold space, but it may not be the right dividend play for your portfolio.
Will Gold Be an Inflation Hedge or Tumble on the Fed's Decisions? As we’ve been discussing in this series, gold tends to influence the movements of precious metals miners. Gold also tends to dominate the precious metals: silver, platinum, and palladium are known to closely track its movements.
Most precious metal mining stocks have fallen over the last few months due to falling gold prices. The US dollar’s revival has also impacted precious metals and mining stocks recently.
US ten-year Treasury note yields (IEF) hit a high mark of approximately 3.1% today—a record since July 2011. Yesterday was also an up-day for US yields. The two-year Treasury note yield (SHY)(GOVT) hit a new multiyear high of approximately 2.6%—its highest level since August 11, 2008.
Precious metal mining companies usually follow precious metals. Precious metals seem to be in the doldrums lately over the strength in the US dollar and the potential movement of US interest rates. The recent slump in demand for haven assets has also affected mining stocks.
In this part of the series, we’ll look at the correlation between gold and four mining stocks: Alamos Gold (AGI), First Majestic Silver (AG), B2Gold (BTG), and Royal Gold (RGLD). Mining stocks generally move with gold prices. Among these four miners, Alamos Gold has shown the highest correlation with gold this year, while B2Gold has had the lowest correlation.
NEW YORK, May 15, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of United ...
Royalty and streaming mining companies (RING)(SIL) have business models that are considered quite conservative because they don’t own mines. Among the four major streaming companies we’ll discuss in this part of our series, Franco-Nevada (FNV) has the highest forward EV-to-EBITDA multiple of 22.8x. This multiple implies a premium of 25.8% to its peers, which seems justified given FNV’s superior growth profile, strong balance sheet, and diversified production base.
Gold streaming companies are a great way to invest in the precious metal. Here are some of the key benefits you need to know about and the top stocks to consider.
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.
In April, the market’s unrest had a significant effect on precious metals and miners, leading to increased prices. The US dollar has strengthened recently, which had a negative impact on precious metals and mining stocks. The settling of the market unrest could have also caused a withdrawal of haven bids.
RBC Capital Markets has made a case for owning gold and gold stocks (GDX) to hedge against market volatility. The firm mentions, “Gold has emerged as a short-term hedge against this volatility and we recommend investors add gold exposure especially with the equity valuations at multi-year lows. We maintain our flat $1,300 per ounce gold and $17.50 per ounce silver assumptions while marking to market for the first quarter of 2018.”
In this final part of the 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). For the most part, mining stocks move with gold prices. Among these four miners, Newmont has shown the highest correlation with gold this year, while B2Gold has the lowest correlation year-to-date.
The two-day April meeting of the Federal Reserve had the expected outcome, and the FOMC members refrained from raising the interest rates any further. The Fed members highlighted that inflation has moved closer to its 2.0% target. They added that “on a 12-month basis is expected to run near the (policy-setting) Committee’s symmetric 2 percent objective over the medium term.”
Gold went on a bit of a roller coaster ride in 2017. Gold prices bounced between highs and lows from month to month in a trading range of roughly $1,200 to $1,300 per ounce before breaking out to a yearly high of nearly $1,350 per ounce in September. The SPDR Gold Shares ETF ( GLD), the SPDR ETF that tracks gold bullion, returned 12.81% in 2017. The precious metal trades at around $1,314 per ounce as of May 3, 2018. The precious metal has traditionally been perceived as a safe haven investment in times of economic uncertainty – and no one can argue that major shakeups such as Brexit, Donald Trump's presidency, skepticism about a resolution on the Korean peninsula and volatility in the cryptocurrency market have contributed to a general feeling of unpredictability.
Royal Gold is one of the largest streaming companies. Here's what that means, and why precious metals investors should get to know the stock
The Denver-based company said it had a loss of $2.35 per share. Earnings, adjusted for asset impairment costs and pretax expenses, came to 48 cents per share. The results exceeded Wall Street expectations. ...
Royal Gold, Inc. reports a net loss of $153.7 million, or per share, on revenue of $116.0 million in its fiscal third quarter ended March 31, 2018 .
Royal Gold (NASDAQ: RGLD ) unveils its next round of earnings Thursday. Get prepared with Benzinga's ultimate preview for Royal Gold's Q3 earnings. Earnings and Revenue Analysts covering Royal Gold modeled ...
Usually, precious metals miners’ shares follow movements in precious metals. Precious metals have risen over the past few days, supporting mining companies.