98.60 +0.25 (0.25%)
After hours: 4:11PM EDT
|Bid||96.00 x 600|
|Ask||99.70 x 100|
|Day's range||97.89 - 99.08|
|52-week range||67.54 - 108.29|
|PE ratio (TTM)||31.32|
|Forward Dividend & Yield||1.00 (1.00%)|
|1y target est||111.12|
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.
The Zacks Analyst Blog Highlights: Acacia Mining, Agnico Eagle Mines, Randgold Resources, Kinross Gold and Kirkland Lake Gold
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.
Gold prices may have dipped of late, but prices of the yellow metal are up roughly 11% year to date. Geopolitical tensions, terrorist attacks, retail demand in India, will prop up gold prices.
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).
Jim Cramer shares his take on how investors should shield their portfolios from tensions between North Korea and the United States.
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.