|Bid||59.77 x 0|
|Ask||59.82 x 0|
|Day's Range||59.41 - 60.05|
|52 Week Range||48.04 - 64.84|
|PE Ratio (TTM)||65.65|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||0.55 (0.92%)|
|1y Target Est||53.37|
Today, WallStEquities.com turns investors' attention to Gold, which is often considered as a safe-haven asset at the time of political and economic turmoil. Lined up for assessment this morning are the following stocks: Tahoe Resources Inc. (NYSE: TAHO), Agnico Eagle Mines Ltd (NYSE: AEM), Comstock Mining Inc. (NYSE AMER: LODE), and Eldorado Gold Corp. (NYSE: EGO).
NEW YORK, June 07, 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 Methanex ...
LONDON, UK / ACCESSWIRE / June 7, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Laramide Resources, Agnico Eagle Mines, Lucara Diamond, and Ivanhoe Mines. The TSX Venture Exchange gained 7.25 points, or 0.94%, to finish at 775.10. Today's stocks of interest consist of: Laramide Resources Ltd (TSX: LAM), Agnico Eagle Mines Ltd (TSX: AEM), Lucara Diamond Corporation (TSX: LUC), and Ivanhoe Mines Ltd (TSX: IVN).
NEW YORK, NY / ACCESSWIRE / June 4, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with ...
White Gold Corp. (WGO.V) (OTC – Nasdaq Intl:WHGOF) (29W.F) (the "Company") is pleased to announce commencement of the 2018 drill program on its extensive land package representing approximately 40% of the White Gold District in Yukon, Canada. The Company has initiated drilling on two of it’s highest priority properties, with diamond and reverse circulation (“RC”) drilling on the White Gold property and rotary air blast (“RAB”) drilling on the Betty property. Drilling is scheduled to commence on two additional targets in the coming weeks as part of the Company’s systematic 3-year regional exploration plan. Diamond drilling on the White Gold property to focus on the down-dip extension of the Golden Saddle deposit to extend the high-grade core which has been shown to increase in grade at depth.
Stocks like Agnico Eagle Mines Ltd. (TSX:AEM)(NYSE:AEM) could face volatility ahead of key meetings between North and South Korea and the United States.
Agnico Eagle (AEM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.
Eldorado Gold (EGO) stock suffered a great deal in 2017 due to the standoff with the Greek government and some technical issues at its Turkey mines. The VanEck Vectors Gold Miners ETF (GDX) and the SPDR Gold Shares (GLD) fell 3.9% and 0.9%, respectively, YTD. Agnico Eagle Mines (AEM), Yamana Gold (AUY), and IAMGOLD (IAG) returned -7.2%, -8.0%, and 3.3%, respectively.
Hedge funds increased their net positions in the SPDR Gold Shares ETF (GLD) during the first quarter. Gold miners haven’t kept the pace with broader equities and gold prices. In Can Gold Stocks Catch Up to Broader Equities and Gold Prices? we’ve highlighted what could help these miners catch up.
Markets were full of geopolitical tensions in April, boosting precious metals and miners’ stock prices. However, the US dollar later strengthened and the market unrest subsided, impacting precious metals and mining stocks.
When analyzing precious metals and precious metal mining companies, it’s essential to analyze the relationship between precious metals. There have been considerable ups and downs in precious metals since the beginning of 2018. Year-to-date, gold has risen 1.1%, and silver has fallen 2.2%.
Its strong execution and operational performance have made it one of the best-managed gold companies, which also contributes to the significant premium to its peers. Eldorado Gold’s (EGO) and New Gold’s (NGD) forward multiples had been at significant premiums to their peers. Although Eldorado Gold has had several ongoing issues at its mines in Greece and Turkey, New Gold stock was pressured by delays and cost escalations at its Rainy River project.
Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (MTA.V) (MTAFF) (X9CP.F) is pleased to announce that it has acquired a 2% net smelter return royalty on the Akasaba West Property (the “Royalty”) from Alexandria Minerals Corporation (the “Seller”) pursuant to a royalty purchase and sale agreement dated May 11, 2018 (the “Agreement”). Pursuant to the Agreement, Metalla and the Seller have entered into an assignment and assumption agreement pursuant to which the Royalty has been transferred from the Seller to Metalla. The Akasaba West Property is a gold-copper deposit located in the Bourlamaque and Louvicourt Townships, Val d’Or, Quebec.
NEW YORK, May 14, 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 Packaging ...
Following the adage "sell in May and go away" is rarely profitable, particularly for defensive stocks like Lassonde Industries Inc. (TSX.LAS.A).
The four precious metals have revived compared to their previous losses over the past five trading days. However, the revival of the US dollar has had a negative impact on precious metals and mining stocks during the past few weeks. The settling of the market’s unrest could have also caused a withdrawal of haven bids.
White Gold Corp. (WGO.V) (OTC – Nasdaq Intl:WHGOF) (29W.F) (the “Company”) is pleased to announce the 2018 exploration program on its extensive land package, representing approximately 40% of the White Gold District in Yukon, Canada. The planned $9M fully funded 2018 program will focus on several of the Company’s previously defined high priority and newly discovered regional targets (the “Regional Program”) as well as expanding the Golden Saddle and Arc deposits on its flagship White Gold property (the “White Gold Program”). The Regional Program marks the second season of the Company’s 3-year fully funded regional exploration plan, backed by partners Agnico Eagle Mines Limited (AEM.TO) (AEM) and Kinross Gold Corp. (TSX:K) (KGC).
Precious metal mining companies typically follow precious metals. Precious metals seem to be in the doldrums over the strength of the US dollar and the Federal Reserve’s decision to raise interest rates several more times this year. The recent slump in the demand for haven assets has also affected mining stocks.
Kinross Gold (KGC) produced 654,000 gold equivalent ounces in 1Q18, a 2.7% fall YoY (year-over-year). KGC’s 1Q18 production fell YoY mainly for the following reasons: the completion of mining activities at Kettle River–Buckhorn during 2Q17 lower production at Kupol due to grade declines fewer ounces recovered from heap leach pads at Maricunga lower production at Fort Knox due to grade declines
The Bureau of Labor Statistics released US jobs data for April 2018 on May 4. The data was mixed. The US economy added fewer jobs than expected in April. While economists were expecting 192,000 payroll additions, actual additions came in at 164,000. The job gains in April came from manufacturing, healthcare, and the professional and business services sector.
Newmont Mining (NEM) reported its 1Q18 earnings before the market opened on April 26, and held a conference call the same day. After beating earnings estimates in each quarter of 2017, Newmont reported another beat in 1Q18. Its EPS (earnings per share) of $0.35 were slightly higher than analysts’ estimate of $0.33.
If we are right in our late-cycle assessment, gold and gold stocks stand to benefit if the current market, characterized by confidence and complacency, transitions to one filled with risks and volatility. Under the right conditions, it probably won’t take long for the global gold mining sector with a market capitalization of just $250 billion to fill the valuation gap and regain its historic beta to gold. Gold stocks are extremely cyclical.