4.10 +0.01 (0.27%)
After hours: 4:11PM EST
|Bid||3.92 x 900|
|Ask||4.12 x 400|
|Day's Range||4.06 - 4.14|
|52 Week Range||2.60 - 4.70|
|PE Ratio (TTM)||33.61|
|Dividend & Yield||0.06 (1.56%)|
|1y Target Est||3.97|
Gold prices initially edged lower for the day on Thursday, November 16. However, they later turned marginally higher, closing at $1,278.2 per ounce.
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Junior Gold Miners (GDXJ) have seen YTD (year-to-date) gains of 6.4% and 9%, respectively.
AngloGold Ashanti has had the lowest correlation with gold this year, while Gold Fields has had the highest correlation with gold.
JOHANNESBURG , Oct. 23, 2017 /CNW/ - Gold Fields Limited (NYSE: GFI) (JSE: GFI) is pleased to provide an operational update for the quarter ended 30 September 2017 . Detailed financial and operational ...
The Sprott Gold Miners (SGDM) and the iShares MSCI Global Gold Min (RING) have risen 10.6% apiece on a YTD (year-to-date) basis.
On October 16, 2017, GG, NEM, SBGL, and GFI had implied volatilities of 28.9%, 25.9%, 63%, and 40.4%, respectively.
Among the miners that we're looking at in this part of the series, Sibanye Gold has the lowest correlation to gold on a YTD basis, while Gold Fields has the highest correlation to gold.
After a stupendous 2016, the South African gold miners (GDX) have had a disappointing run so far in 2017. As a group, they’ve lost 10.8% YTD.
When considering mining stocks, investors should consider crucial indicators like RSI (relative strength index) levels and call implied volatility.
On October 5, Gold Fields, Agnico-Eagle, Cia De Minas Buenaventura, and AngloGold had implied volatility readings of 40.4%, 33.6%, 35.3%, and 40.9%, respectively.
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
Among the four miners that we're analyzing here, Sibanye Gold has the lowest correlation with gold on a one-year basis, while Gold Fields has the highest.
On September 28, 2017, Alamos, Gold Fields, Pan American, and Barrick Gold had implied volatilities of 46.9%, 40.4%, 34%, and 29.1%, respectively.
Last week was a rough one for mining stocks, as the Fed’s tone and turbulence in North Korea impacted gold. The Fed’s hawkish comments prompted precious metals and mining stocks to fall,…