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.
Southern Copper (SCCO) has a mean one-year price target of $40.40, which represents a 4.2% downside over its closing price on December 6.
Teck Resources has announced a share buyback, which could mean it believes the stock is undervalued by the markets.
Some believe that vehicle electrification could turn out to be too much money chasing modest growth for the metals and mining companies.
Could electric vehicles like the ones sold by Tesla (TSLA) possibly solve mining companies’ capital budgeting dilemmas?
Could the electric vehicle industry disrupt the global automotive industry like e-commerce did to the retail sector?
Electric vehicles have been the emerging theme in global automotive markets. Are electric vehicles going to reshape the metals markets like some analysts are expecting?
On December 5, BMO Capital upgraded Glencore from “market perform” to “outperform.”
Glencore (GLEN-L) and Southern Copper (SCCO) have a “buy” or higher rating from 64% and 15% of analysts, respectively.
In this series, we’ll see how analysts are rating leading copper miners as 2017 draws to a close. We’ll also see how vehicle electrification could impact mining companies.
We’ll briefly analyze mining stocks’ correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from gold.
In this part of our series, we’ll look at the technical indicators for mining stocks. We’ll discuss the call-implied volatility and RSI (relative strength index).
We should analyze mining stocks’ price movements in relation to their moving averages. In this part of our series, we’ll discuss Wheaton Precious Metals (SLW), Coeur Mining (CDE), Barrick Gold (ABX), and Kinross Gold (KGC).
It is almost a unanimous expectation that the Federal Reserve would raise rates by 25 basis points in December 2017.
J.P. Morgan sees gold prices averaging $1,295 per ounce in 2018, with second-half prices averaging $1,340 per ounce.
According to the World Gold Council, the demand for physical gold in 3Q17 was at its lowest point since 3Q09.
November 2017 was the 17th consecutive positive month for the S&P 500 (SPY) (SPX), which marks the longest streak in its monthly history.
The dollar has risen recently, as the US Senate passed the Tax Cuts and Jobs Act on December 2, 2017.
While an interest rate hike at the Federal Reserve’s December meeting is almost certain, the Fed is projecting three rate hikes in 2018.
Janet Yellen, the chair of the Federal Reserve, expects inflation to move higher in 2018.