|Bid||7,170.00 x 64300|
|Ask||7,400.00 x 30200|
|Day's range||7,204.00 - 7,266.00|
|52-week range||6,320.00 - 8,255.00|
|PE ratio (TTM)||24.44|
|Earnings date||5 Feb 2018|
|Forward dividend & yield||1.00 (0.96%)|
|1y target est||109.43|
Democratic Republic of Congo is considering more than doubling royalties on cobalt, a key ingredient in lithium-ion batteries, under a new mining code nearing parliamentary approval, the mines minister said on Wednesday. Nearly two-thirds of the world's cobalt comes from Congo. A proposed revision to Congo's 2002 mining code, which was approved by parliament's lower house last month and is now being considered by the upper chamber, would increase royalties across the board and impose a 5 percent royalty on "strategic metals".
Agnico, Randgold, Yamana, and Barrick have call implied volatilities of 24.3%, 21.1%, 38.8%, and 22.8%, respectively.
The overall physical gold demand in 2017 has remained lukewarm, with India bound by its new tax system and demonetization. In 3Q17, physical gold demand hit a nine-year low.
U.K. traders return from the Christmas holidays in an upbeat mood on Wednesday, sending the benchmark stock index higher and scoring a record close.
Gold ekes out a gain Thursday to log its highest close since Dec. 4 as the dollar consolidated and investors sorted out the implications of a massive tax overhaul.
In this article, we'll analyze mining stocks' price movements in relation to their moving averages. We'll look at Alamos Gold, Newmont Mining, Franco-Nevada, and Randgold Resources.
The correlation for Franco-Nevada (FNV) with gold has fallen from a three-year correlation of 0.60 to a year-to-date correlation of 0.53.
As of December 7, 2017, GOLD, CDE, ABX, and KGC have call implied volatilities of 23.3%, 40.1%, 24.8%, and 37.9%, respectively.
All four miners that we're covering in this series are trading below their 20-day and 100-day moving averages except Gold Fields.
Most of the mining stocks fell on Tuesday—only a few rose. Among the four miners that we're discussing, Randgold Resources fell 0.17% and GDXJ fell 0.70%.
We should also consider mining stocks' price movements in relation to their moving averages. This article looks at Sibanye Gold (SBGL), Randgold Resources (GOLD), Eldorado Gold (EGO), and IamGold (IAG)....
Mining stocks’ performance usually depends on precious metal prices. Correlation analysis can give investors some perspective on how mining stocks relate to precious metals, especially gold. In this part ...
Britain's top share index edged higher on Wednesday as cautious investors awaited finance minister Philip Hammond's budget announcement which could shake up housebuilders, banks and insurance stocks. The ...