|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.68 - 16.76|
|52 Week Range||14.92 - 17.70|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.30%|
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining stocks mostly move with gold prices, but not always. Among these four miners, Kinross has shown the highest correlation with gold this year, while Eldorado Gold has seen a negative correlation.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 38 years ago, the price of silver collapsed by 33 percent in a single day ...
The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and other gold-backed exchange traded products traded slightly lower last week. Ahead of the upcoming Federal Reserve meeting, some ...
As investors consider ways to diversify a stock and bond portfolio, it may be prudent to consider alternative assets like commodity ETFs that offer potentially uncorrelated returns to traditional assets. ...
The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and other gold-backed exchange traded products traded slightly lower last week, but some traders believe the yellow metal is still ...
After the recent bout of market volatility, investors may want to consider alternative assets like precious metals exchange traded funds that zig as traditional assets zag. “Adding a precious metals allocation ...
In this part of the series, we’ll analyze the correlations of the movements of a group of mining stocks, including Coeur Mining (CDE), Barrick Gold (ABX), AngloGold Ashanti (AU), and Hecla Mining (HL), with gold. Gold- and silver-based funds such as the Physical Swiss Gold Shares ETF (SGOL) and the Physical Silver Shares ETF (SIVR) tend to have strong correlations with their respective precious metals. These two funds rose 2.8% and 0.61%, respectively, on January 23, 2018.
Gold- and silver-based funds such as the Physical Swiss Gold Shares ETF (SGOL) and the Physical Silver Shares ETF (SIVR) tend to correlate strongly to their respective precious metals. These two funds increased 1.3% and 1.6%, respectively, on January 12, 2018. Among the four miners under discussion, Alamos Gold has seen the highest correlation to gold during the past one-year period, while Eldorado Gold has the lowest correlation.
New Gold, Agnico-Eagle Mines, Franco-Nevada, and Cia de Minas Buenaventura have call-implied volatilities of 45.2%, 24.4%, 21.7%, and 31.2%, respectively.
Among these spreads, the gold-silver spread is the most talked about because it measures the number of silver ounces it takes to buy a single ounce of gold.
Agnico, Randgold, Yamana, and Barrick have call implied volatilities of 24.3%, 21.1%, 38.8%, and 22.8%, respectively.
On a year-to-date basis, AngloGold has seen the highest correlation to gold, while Cia De Minas has the lowest year-to-date correlation.