In order to analyze the performance of the precious metals market, it’s important to look at the core mining stocks and their technical details.
AngloGold Ashanti and Pan American Silver have seen YTD losses of 8% and 3%, respectively, while Kinross and Silver Wheaton have seen gains of 38.3% and 4.2%.
The Sprott Gold Miners (SGDM) and Global X Silver Miners (SIL) have fallen 0.21% and 1.9%, respectively, on a 30-day-trailing basis.
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Junior Gold Miners (GDXJ) have seen YTD (year-to-date) gains of 6.4% and 9%, respectively.
Sociedad Quimica y Minera de Chile (SQM) is expected to release its earnings on November 22. It’s expected to report an EPS of $0.41.
Since Scotts Miracle-Gro’s earnings release, the stock closed ~3.7% lower at $98.6 as of November 10. The stock has returned 4% year-to-date.
FMC (FMC) reported its earnings on November 6, 2017. It reported an EPS (earnings per share) of $0.7, which beat analysts’ estimate of $0.63 per share.
Monsanto (MON) released its 4Q17 earnings on October 4, 2017. It reported an adjusted EPS (earnings per share) of $0.2, which beat analysts’ estimate.
The current consensus mean target price for CF Industries stood at $36.5, which rose from $33.4 in our October update.
Mosaic (MOS) released its earnings on October 31, 2017. It reported an adjusted EPS (earnings per share) of $0.43, which beat analysts’ estimate.
The current consensus mean target price for Agrium stood at $112.8, which rose from $110.6 in our October update.
As of November 10, the consensus mean rating of 21 analysts for PotashCorp stood at 2.6 with an overall recommendation of a “hold.”
With earnings season behind us, it’s time to look at analysts’ updated ratings for some of the key agribusiness stocks.
Currently, Kinross Gold (KGC) has a forward EV-to-EBITDA multiple of 4.8x. Its forward multiple has risen ~30% in 2017 year-to-date.
A majority (or 56%) of analysts recommend a “hold” for the stock, while 44% have given it a “buy” rating. There were no “sell” ratings for the stock.
Kinross Gold’s (KGC) liquidity position didn’t change much at the end of 3Q17 compared to the end of the second quarter.
Compared to its closest peers, Kinross Gold (KGC) has been a higher-cost gold producer.
Kinross Gold’s (KGC) management is trying to realize the full potential of Bald Mountain and Round Mountain.
Kinross Gold (KGC) produced 653,993 gold equivalent ounces (or GEOs) for 3Q17, which is 4% lower than 3Q16.
Kinross Gold (KGC) reported its 3Q17 results on November 8, 2017, after the markets closed. Its EPS (earnings per share) was $0.07, which was $0.05 higher than market expectations.