|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||30.64 - 31.16|
|52 Week Range||30.28 - 41.68|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.65%|
Precious metal miners saw mixed performance on Tuesday, November 14. Gold and silver saw an up-day while platinum and palladium were low.
In this part, we'll concentrate on the technical readings of key mining stocks, including their call implied volatilities and RSI (relative strength index) levels.
AngloGold Ashanti has had the lowest correlation with gold this year, while Gold Fields has had the highest correlation with gold.
On Tuesday, October 31, precious metal mining stocks fell, following precious metals. In this part of our series, we’ll look at the moving averages and returns of four key mining stocks:…
Despite the overall downturn among precious metals on Tuesday, October 17, precious metal mining stocks witnessed a mixed reaction that day.
Among these four miners, AngloGold has the lowest correlation with gold so far this year, while Coeur Mining has the highest correlation YTD.
The last few days have seen a rise in precious metal prices. However, on Wednesday, October 11, 2017, the prices of these loved metals fell.
The performances of precious metal miners with substantial exposure to silver have been disappointing in 2017. As a group, they’ve returned just 0.9% YTD.
CDE stock has risen 2.6% year-to-date. However, during the same period, silver prices gained 4.7% and the Global X Silver Miners ETF (SIL) rose 5.5%.
Positive US economic numbers buoyed expectations of another interest rate hike this year. An interest rate hike would be negative for precious metals.
Coeur Mining has relatively higher costs than its peers (SIL), which makes it more leveraged to the changes in precious metal prices.
The negative sentiment toward gold prevailed on Friday, September 29, the last trading day of the month. Gold futures for November expiration fell 0.3%.
Thursday, September 28, was a mixed day for precious metal mining stocks as precious metals (except platinum) saw marginal revivals in prices.
On September 26, precious metals and mining stocks fell. Analyzing mining stocks’ correlation with gold is important since it can give some idea of future stock movement. In our analysis, we’ll focus on ...
A correlation analysis is crucial because it gives investors clues about the possible movement of mining stocks in relation to precious metals.
The past week was full of ups and downs for mining shares as the Federal Reserve and the tensions in North Korea pulled the gold sentiment to each side.
On September 22, 2017, First Majestic Silver, Goldcorp, Newmont Mining, and Silver Wheaton had volatilities of 49.1%, 26.7%, 23.5%, and 30.8%, respectively.