uploads///MINER

A Look at Mining Stocks’ Price Movement

By

Nov. 1 2017, Updated 2:50 p.m. ET

Mining stocks’ reaction

On Tuesday, October 31, precious metal mining stocks fell, following precious metals. In this part of our series, we’ll look at the moving averages and returns of four key mining stocks: Silver Wheaton (SLW), Hecla Mining (HL), Alacer Gold (ASR), and IAMGOLD (IAG).

Hecla Mining and Alacer Gold have fallen 9.9% and 10.3%, respectively, YTD (year-to-date). Silver Wheaton and IAMGOLD have risen 7.3% and 42.6%. TheGlobal X Silver Miners ETF (SIL) has fallen marginally, by 0.22%.

Article continues below advertisement

Long- and short-term averages

All of the miners but Silver Wheaton are trading below their 20-day and 100-day moving averages. A considerable discount to these moving averages suggests a price rebound, while a premium suggests a decline.

Relative strength index scores

SLW, HL, ASR, and IAG have relative strength index scores of 58.4, 22.2, 27.8, and 21.6, respectively.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.