Miners’ Correlations and How They’re Moving in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks: B2Gold (BTG), Royal Gold (RGLD), New Gold (NGD), and Newmont Mining (NEM). Mining stocks mostly move with gold prices, but not always. Among these four miners, Newmont has shown the highest correlation with gold this year, while B2Gold has seen a negative correlation.