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How Mining Stocks’ Prices Compare

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Precious metals and miners

Most mining stocks have risen over the past month with rising precious metal prices. To assess miners’ performance, we can evaluate their moving averages and returns over the long and short term. In this final part of the series, we’ll review the performance of Gold Fields (GFI), Silver Wheaton (SLW), Randgold Resources (GOLD), and Yamana Gold (AUY).

Year-to-date, the miners have risen 55.1%, 8.4%, 38.2%, and 12.5%, respectively. The Sprott Gold Miners ETF (SGDM) has risen 20.4%. Most mining shares have risen due to the recent surge in precious metal prices.

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Miners’ technicals

The four mining stocks are also trading at premiums to their 20-day and 100-day moving averages. A big premium indicates that a price may correct downward. Similarly, a significant discount suggests that a stock may see upward correction. 

All four miners’ target prices are above their current trading prices, except that of Gold Fields. A stock’s current price being higher than its target price indicates a negative outlook, and a target price above the current price looks positive.

Mining stocks’ RSI (relative strength index) scores have recovered. The Sprott Gold Miners ETF (SGDM) has a high RSI score of 90.9, which suggests future downward price correction.

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