86.30 -0.44 (-0.51%)
After hours: 5:48PM EDT
|Bid||86.30 x 2000|
|Ask||86.99 x 200|
|Day's range||86.35 - 88.02|
|52-week range||60.21 - 94.39|
|PE ratio (TTM)||55.96|
|Forward Dividend & Yield||0.96 (1.05%)|
|1y target est||N/A|
On a YTD (year-to-date) basis, RGLD, AEM, and FNV have risen 38.3%, 7.3%, and 33.3%, respectively, while Goldcorp has seen a YTD loss of 3.4%.
Investors in precious metals are opting for streaming and royalty companies over pure gold and silver miners this year despite a rise in metal prices, as producers struggle to win confidence in their ability to capitalise on the rally. Streaming and royalty companies provide financing for exploration and development to precious metals producers in return for a cut of any future output. The model makes them a nominally safer bet for investors, but gives them lower leverage to a strong rise in underlying gold prices.
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
BioTelemetry, Royal Gold, Microsoft and Amazon highlighted as Zacks Bull and Bear of the Day
Royal Gold (RGLD) provides an update on fiscal 2018 first quarter (ended Sep 30, 2017) operations. The company sold roughly 61,000 gold equivalent ounces during the quarter.
September 29 was another down day for precious metal mining stocks, whose reactions often mirror precious metal prices themselves.
Thursday, September 28, was a mixed day for precious metal mining stocks as precious metals (except platinum) saw marginal revivals in prices.