As of June 20, 2017, 52% of analysts covering Goldcorp (GG) have recommended a “hold” on the stock.
Goldcorp’s (GG) management has unveiled a plan to create value for the company over the next five years.
Barrick Gold (ABX) has “hold” recommendations from 52% of its analysts, while 40% of its analysts have issued “buy” recommendations.
While gold prices have shown an impressive performance in 2017 YTD, rising 9%, the gains among gold miners have not been broad.
At 7:37 AM EST, West Texas Intermediate crude oil futures contracts for August 2017 delivery were trading at $43.48 per barrel—a fall of ~0.07%.
On June 19, 2017, Air Products and Chemicals (APD) was trading at a one-year forward PE ratio of 22.3x Praxair’s one-year forward PE ratio stood at 22.8x.
On June 16, 2017, APD closed at $145.51, which, considering the company’s current dividend rate, means that its current dividend yield is at 2.54%.
As of June 19, of the 20 analysts actively tracking APD stock, 60% had recommended a “buy,” while 30% of the analysts had recommended a “hold.”
Air Products and Chemicals (APD) is set to pay its third dividend of fiscal 2017. On May 18, 2017, APD announced a quarterly dividend of $0.95 per share.
As of June 16, 2017, Air Products and Chemicals (APD) has had a muted performance since the beginning of fiscal 2017, with a meager 1.2% return.
Of the eight analysts covering Arconic, three have given the stock a “buy” or equivalent rating, while the remaining five have given it a “hold.”
Century Aluminum (CENX) stock has received a “hold” rating from three of the four analysts polled by Thomson Reuters.
Aluminum market sentiments have faded somewhat over the last month, putting pressure on aluminum prices.
According to consensus estimates compiled by Thomson Reuters, Alcoa (AA) is expected to post revenues of $2.87 billion in 2Q17, compared to $2.65 billion in 1Q17.
Although aluminum prices have come down from their 2017 highs, they’ve still risen 10.7% year-to-date based on their June 19, 2017, closing prices.
The VanEck Vectors Junior Gold Miners and the iShares MSCI Global Gold Miners have strong correlations with gold and fell 3.5% and 3.1%, respectively, on June 14.
As the latest of the Fed’s predicted rate hikes went into effect on Wednesday, June 14, precious metals mining funds and shares started dropping drastically.
Precious metal mining shares took a heavier hit than the metals themselves following the most recent interest rate hike by the US Federal Reserve.
Mining stocks tumbled the day the Fed declared an increase in interest rates. Though precious metals were muted on the day, miners kept falling.
Precious metal miners have rebounded from their Wednesday lows, and a few of the miners also saw an up-day.