70.70 -0.27 (-0.37%)
After hours: 4:11PM EDT
|Bid||70.20 x 100|
|Ask||72.60 x 100|
|Day's Range||70.18 - 71.06|
|52 Week Range||64.90 - 86.06|
|PE Ratio (TTM)||66.96|
|Forward Dividend & Yield||0.92 (1.31%)|
|1y Target Est||81.27|
In this part of our series, we’ll be looking at the correlation between gold and four mining stocks: New Gold (NGD), Newmont Mining (NEM), Franco-Nevada (FNV), and Randgold Resources (GOLD). Mining stocks mostly move with gold prices but not always. Mining stocks have high correlations with gold. The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) also tend to have strong correlations with gold.
The International Monetary Fund (or IMF) also warned on April 18, 2018, that the unexpected rise in US inflation could cause significant global tensions, which could force central banks to respond firmly. It added that a hike in inflation in the US could lead the Federal Reserve to raise interest rates faster than expected. The director of the IMF’s monetary and capital markets department, Tobias Adrian, said, “What we are flagging is that at some point markets see shocks in inflation that raise inflation uncertainty and when that happens, that is associated with a rise in long-term interest rates and that might lead to a tightening in financial conditions.” While he said that the uncertainty regarding US inflation is very low, markets could have an outsized reaction to any spike.
LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Sandstorm Gold, Avalon Advanced Materials, Franco-Nevada, and Fortuna Silver Mines. The TSX Venture Exchange shaved off 0.50 points, or 0.06%, to finish at 802.10. Today's stocks of interest consist of: Sandstorm Gold Ltd (TSX: SSL), Avalon Advanced Materials Inc. (TSX: AVL), Franco-Nevada Corporation (TSX: FNV), and Fortuna Silver Mines Inc. (TSX: FVI).
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.
Gold rose again on April 16, 2018, but it was a marginal increase compared to the previous trading session. Spot gold rose 0.03%, while futures for April expiration increased 0.2% and closed at $1,347.50 per ounce. Palladium joined gold and rose 2.3%, ending the day at $1,004.80 per ounce and surpassing the $1,000 mark again. Palladium has had gains of almost 7.6% over the past five trading days.
TORONTO , April 13, 2018 /CNW/ - First Quarter Results Release: May 9 th after market close Conference Call and Webcast: May 10 th 8:30 am ET Dial‑in Numbers: Toll‑Free: 1‑888‑231‑8191 International: 647‑427‑7450 ...
The overall volatility in the markets has played a vital role in determining the directional move for precious metals. Gold and silver rose on Tuesday, April 10, 2018, possibly due to reports of a poison gas attack in Syria and the ongoing trade war fears between China and the United States. The equities market in Asia also lagged on Tuesday, which could have prompted some haven bids for precious metals. Often, gold is known to diverge from the broader stock markets.
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.
Gold’s recent gains came on the back of uncertainty, which was pinned by weakness in the US dollar (UUP). The Fed’s less-hawkish-than-expected guidance in the near term, trade war talks, recent inflation, and other economic data were mostly negative for the dollar. While the immediate concerns over a trade war have receded, the uncertainty is far from over.
TORONTO , March 29, 2018 /PRNewswire/ - Franco-Nevada Corporation announced that its Annual Information Form, Consolidated Annual Financial Statements and Management's Discussion and Analysis for the year ...
TORONTO , March 29, 2018 /CNW/ - Franco-Nevada Corporation announced that its Annual Information Form, Consolidated Annual Financial Statements and Management's Discussion and Analysis for the year ended ...
The US dollar (UUP) had started firming up in February and early March after a disappointing 2017. After the Fed’s decision, the dollar fell 0.7% to 83.5 as the committee suggested only two more hikes. We saw the currency’s largest one-day decline since the end of January. The Fed’ stance was slightly less hawkish than expected in the near term, which led to weakness in the US dollar.
All four precious metals witnessed a slump in their prices on March 15, 2018. The US dollar has been instrumental in pulling these precious metals lower. A country with a high interest rate should expect its currency to appreciate.
LONDON, UK / ACCESSWIRE / March 16, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Sandstorm Gold, Avalon Advanced ...