|Bid||7,275.00 x 64300|
|Ask||7,650.00 x 30200|
|Day's range||7,350.00 - 7,515.00|
|52-week range||5,410.00 - 8,255.00|
|PE ratio (TTM)||23.85|
|Earnings date||2 Nov 2017|
|Forward Dividend & Yield||1.00 (0.96%)|
|1y target est||108.12|
The iShares Gold Trust (IAU) and the iShares Silver Trust (SLV) have risen 1.1% and 3.2%, respectively, on a 30-day-trailing basis.
SLW, GOLD, and IAG have seen YTD (year-to-date) gains of 5.2%, 31.6%, and 59.7%, respectively. But CDE has seen a marginal YTD loss of 1.7%.
On October 11, 2017, Randgold Resources, Pan American Silver, Barrick Gold, and Kinross Gold had implied volatility readings of 25.0%, 34.0%, 29.1%, and 41.6%, respectively.
Gold spot futures rallied on Monday as the market digested President Donald Trump's latest tweets about U.S.-North Korea relations. Gold exchange-traded notes iShares Gold Trust (IAU) and SPDR Gold Shares (GLD) are up 0.5% so far. Gold mining stock ETFs VanEck Vectors Gold Miners (GDX) and VanEck Vectors Junior Gold Miners (GDXJ) are up about half that.
On October 2, 2017, Silver Wheaton, Randgold Resources, AngloGold Ashanti, and IamGold had implied volatility readings of 30.8%, 25%, 40.9%, and 44.3%, respectively.
Equities and safe-havens like gold are historically known to move in opposite directions because gold is often seen as a hedge against overall market risk.
A correlation analysis is crucial because it gives investors clues about the possible movement of mining stocks in relation to precious metals.
Royston Wild looks at a FTSE 100 (INDEXFTSE: UKX) share packed with investment potential like Diageo plc (LON: DGE).
News of North Korea's latest nuclear test hit European shares on Monday but failed to trigger a massive sell-off as investors seem to get used geopolitical tensions. The pan-European STOXX 600 index and ...
African gold (Frankfurt: A0B9XD - news) miner Randgold on Thursday reported a 53 percent rise in half-year profit and a mounting cash pile, and said it was well on the way to developing projects that will position it for an eventual increase in demand. The company, with operations in Cote d'Ivoire, Democratic Republic of Congo, Mali and Senegal, has stood out for its lack of debt and continued strength even when other miners struggled during the commodities downturn of 2015-16. It says it is still ahead of the pack because its share price has consistently risen and it has carried on investing.
Earnings drove the action on Britain's FTSE 100 on Thursday, though strong gains in retailer Next and miner Randgold Resources were not enough to offset weakness in banks, energy stocks and medical technology firm Convatec. The blue-chip index was down 0.2 percent at 7,394.82 points by 0853 GMT, in line with a broader decline among European indexes and ahead of a Bank of England policy meeting which is expected to see interest rates left on hold.
Randgold Resources' chief executive said on Wednesday he was hopeful of resolving an 42 billion CFA Francs ($74 million) tax dispute with Mali's government and that the company continued to invest in its two mines in the West African country. The gold miner has already agreed to pay more than a third of the total fine to help resolve the dispute, which at one point prompted authorities to close Randgold offices in Africa's third largest gold producer. "We're continuing our discussions with the authorities and are hopeful that we will be able to reach an amicable solution on the outstanding files instead of another round of arbitration proceedings," Mark Bristow told reporters in Bamako.
Democratic Republic of Congo plans to impose harsher punishments on mining companies that fail to repatriate at least 40 percent of their revenue from mineral exports, central bank governor Deogratias Mutombo said on Wednesday. Mutombo told reporters at a news conference that the bank would start inspecting companies' bank accounts abroad as part of the new push and would also seek to verify their ore output to eliminate fraud. Congo, Africa's top copper producer, has been hit hard by low commodity prices over the last two years and cut its growth forecast for 2017 in May.