|Bid||9.12 x 3000|
|Ask||9.13 x 300|
|Day's Range||9.08 - 9.26|
|52 Week Range||8.86 - 13.31|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.06 (0.67%)|
|1y Target Est||14.96|
First Majestic Silver’s (AG) stock price has seen the highest fall among its peers (SIL) YTD (year-to-date) in 2018. Analysts expect First Majestic Silver to see revenue of $347.7 million in 2018, which implies a YoY (year-over-year) rise of 37.8%. Analysts’ estimates for 2019 imply another rise of 26.1% YoY.
Could Interest Rates Pull Precious Metals Lower? The fall of equities across the globe could have also boosted precious metals. The unrest in the markets (VIXY) could provide a push for gold prices, as gold and silver are famously known as havens that rise during uncertainty.
Mining stocks’ correlation with gold is crucial since gold is the big brother of precious metals. The directional move in the remaining three precious metals—silver, platinum, and palladium—often depends on gold. For our correlation analysis, we’ll look at AngloGold Ashanti (AU), Hecla Mining (HL), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining-based funds also have a high correlation with precious metals.
Precious metals were facing a down day as an extension to the losses from Thursday, March 8’s, losses. The decline in gold and other precious was mainly due to the strength of the US dollar against other currencies. The US dollar had risen almost 0.4% against the yen after the tumble last week, which followed the fear of trade wars due to tariffs.
Can Yamana Gold Maintain Its Price Strength in 2018? Yamana Gold (AUY) had a net debt of $1.7 billion at the end of 2017 compared to $1.5 billion at the end of 2016. At the end of 2017, Yamana had $970 million in financial resources, which includes cash and cash equivalents and undrawn revolving credit facility.
How Gold Is Pressured by Interest Rates and the US DollarSurging dollar All four precious metals moved southward on Tuesday, February 27, primarily due to the rising strength of the US dollar. The US dollar, which is depicted by the DXY index, had increased 0.56% on the same day. The DXY index traded at 90.4, gaining ~1.5% over the past one-month period and reaching a two-week peak level. The rise in the US dollar was mostly led by statements by Jerome Powell, chair of the Federal Reserve. ...
Production growth is an important variable for miners. Barrick Gold (ABX) produced ~1.34 million ounces of gold in 4Q17, which reflects a decline of 11.8% YoY (year-over-year). The total production in 2017 came in at 5.32 million ounces.
HALIFAX, Feb. 27, 2018 /CNW/ - Zonte Metals Inc. (TSXV:ZON.V - News) ("Zonte" or the "Company) is pleased to provide an update on the ongoing winter exploration program on the Cross Hills Iron Oxide Copper Gold Project. Zonte's geophysical contractor has carried out a high-resolution ground magnetometer survey on select portions of the Cross Hills Project. The Company is currently in receipt of the final results of the work over the Dunn's Mountain target.
AngloGold Ashanti reported a full-year loss of $191 million as the world’s No. 3 gold producer wraps up a restructuring of its South African operations. The result was in line with the company’s previously ...