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How Miners Correlate to Gold in April 2018

How Miners Correlate to Gold in April 2018

In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Cia De Minas Buenaventura (BVN), and Hecla Mining (HL). Mining stocks mostly move with gold prices but not always. Among these four miners under discussion, Cia De Minas has shown the highest correlation with gold, while Hecla has the lowest correlation to gold on a YTD (or year-to-date) basis.