Barrick Gold Corp
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Miners: Analyzing Core Indicators for Investors
A brief analysis of mining stocks is crucial when investors are parking their money in the precious metals market, specifically in mining companies.
Reading Miner Volatility in December 2017
In this article, we’ll take a look at the call-implied volatilities and RSI scores of Barrick Gold, Kinross Gold, Eldorado Gold, and IAMGOLD.
Where Are Miners’ Correlations with Gold Headed?
In this article, we’ll aim to study the correlations of Yamana Gold (AUY), Pan American Silver (PAAS), Coeur Mining (CDE), and Barrick Gold (ABX) with gold.
How Is Gold, Commercial and Non-Commercial, Moving?
Speculative positions fell sharply last week. It was the most significant one-week fall since May 2016.
Miners’ Correlation with Gold
Correlation analysis A correlation study of mining stocks to precious metals is important. It gives insights about miners’ potential price movement. Although the mining shares are essentially part of the market’s equity segment, they’re more coordinated with metals’ movement. Gold is the most dominant precious metals. We’ll discuss how Yamana Gold (AUY), Pan American Silver (PAAS), Coeur […]
Coeur Mining: What Could Lead to Cost Improvement in 2018
Coeur Mining (CDE) reported AISC (all-in sustaining costs) of $15.18 per ounce for 3Q17.
Analyzing Trends in Mining Stocks’ Correlation
Gold remains the most dominant among the four precious metals. It’s crucial that investors analyze how the miners are moving versus precious metals.
The Directional Correlation Move of Mining Stocks in 2017
If we look at the one-year correlation of miners, Barrick Gold has the lowest correlation with gold, while Yamana has the highest.
Mining Stocks: Analyzing Correlation Trends
Mining stocks’ performance usually depends on precious metals’ performance. However, the two can deviate. Correlation analysis can give investors some perspective on how mining stocks relate to gold and silver.
Mining Stocks: Analyzing the Technical Details
In this part, we’ll concentrate on the technical readings of key mining stocks, including their call implied volatilities and RSI (relative strength index) levels.
Behind the Technical Details of Key Mining Stocks Today
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.
What’s the Directional Trend in Key Miners’ Correlation?
AngloGold Ashanti has had the lowest correlation with gold this year, while Gold Fields has had the highest correlation with gold.
How Central Banks’ Gold Buying Spree Coud Benefit Prices
While China and Russia have the fifth and sixth largest gold reserves globally, the movements in them are the most watched by gold investors the world over mainly because these economies have been quite vocal about adding gold reserves.
A Brief Analysis of Mining Stock Correlations with Gold
The iShares MSCI Global Gold Min (RING) and the Sprott Gold Miners (SGDM) rose with metals on Monday, climbing 1.2% and 0.83%, respectively.
The Importance of Knowing the Technicals of Mining Stocks
On October 30, 2017, ABX, AU, KGC, and IAG had call implied volatilities of 29.1%, 40.9%, 41.6%, and 44.3%, respectively.
These Factors Could Drive Newmont’s Free Cash Flow
Generating FCF (free cash flow) is very important for miners (GDX)(RING) as it helps them optimize their financial leverages, invest in projects supporting long-term value, and provide shareholder returns.
Is Barrick Gold behind in Achieving Its Unit Cost Target?
Barrick Gold (ABX) reported AISC (all-in sustaining costs) of $772 per ounce in 3Q17, which is 10% higher year-over-year and 9% higher sequentially.
What Mining Stocks’ Implied Volatility Tells Us
As of October 24, 2017, Silver Wheaton (SLW), Yamana Gold (AUY), Barrick Gold (ABX), and AngloGold Ashanti (AU) had implied volatility readings of 30.8%, 48.4%, 29.1%, and 40.9%, respectively.
Mining Shares’ Directional Move in October
Most of the mining shares saw a downside move in the price on October 19, 2017, but gold and silver had an up day.
What Analysts Are Forecasting for Gold Miners’ 3Q17 Earnings
Analysts expect Barrick Gold’s (ABX) EBITDA to fall 17% YoY in 3Q17 to $988 million.
How Mining Stocks Are Reacting as of October 17
Despite the overall downturn among precious metals on Tuesday, October 17, precious metal mining stocks witnessed a mixed reaction that day.
Reading the Drop in Precious Metals on Monday, October 16
After the rise we saw on Friday, October 13, precious metals had a down day on Monday, October 16.
Behind the Recent Correlation Movements of Precious Metals
Among these four miners, AngloGold has the lowest correlation with gold so far this year, while Coeur Mining has the highest correlation YTD.
Relative Strength Index Indicators of Mining Shares in October
On October 11, 2017, Randgold Resources, Pan American Silver, Barrick Gold, and Kinross Gold had implied volatility readings of 25.0%, 34.0%, 29.1%, and 41.6%, respectively.
Precious Metals and Companies That Mine Them
Precious metal miners got a boost on Tuesday, October 3, 2017, despite the marginal fall of precious metals.
Precious Metals, Miners and the Scaling Dollar
Later in the day on September 20, after rising gold prices fell on the US Federal Reserve’s indication of one more interest rate hike in 2017.
Miners Followed Precious Metals Downhill on September 18
On September 18, Coeur Mining, Barrick Gold, Kinross Gold, and Eldorado Gold had volatilities of 42.3%, 26.4%, 40.8%, and 50.1%, respectively.
Analyzing the Miners’ Crucial Indicators in September
On September 11, 2017, Agnico-Eagle, Barrick Gold, Hecla Mining, and Kinross had volatilities of 45.2%, 28.1%, 40.4%, and 39.8%, respectively.
The Correlation Analysis of Miners through August 2017
Silver Wheaton has a three-year correlation of ~0.70 with gold and a year-to-date correlation of ~0.80.
Assessing Gold Miners’ Capacity to Repay Debt through Earnings
Yamana Gold’s (AUY) net-debt-to-forward EBITDA ratio is 2.8x, which is higher than its peers’ ratios.
Is Liquidity a Concern for Gold Miners after 2Q17 Earnings?
Newmont Mining had $5.5 billion in liquidity, including $3.1 billion in cash at the end of 2Q17. It has one of the best credit ratings in the sector.
How the US Dollar Affected Gold
The US dollar has been on a downward swing over the past week.
Have Miners’ Relative Strength Levels Revived?
In this article, we’ll look at some important technical indicators for Coeur Mining (CDE), Barrick Gold (ABX), Buenaventura (BVN), and AngloGold Ashanti (AU).
What’s the Volatility of Mining Stocks?
Though the precious metals survived the Fed’s interest rate hike, the miners took a hit. Most mining stocks saw a considerable down day on Wednesday.
Barrick Gold’s and Other Miners’ Correlation with Gold
Metal stocks As we study the impact of global variables on precious metals and the mining sector, we should also analyze the relationship between mining stocks and gold. Correlational analysis can help us compare price movement in mining stocks and the metal. In this part of our series, we’ll examine New Gold’s (NGD), Newmont’s (NEM), Coeur […]
The Ups and Downs of the Dollar and Gold
On June 6, 2017, the US Dollar Index plunged to its lowest level in seven months, which helped dollar-denominated precious metals regain value.
Volatility for Precious Metal Miners: Movement Going Forward
The ETFS Physical Swiss Gold (SGOL) and the ETFS Physical Silver (SIVR) have risen 8.5% and 4.1%, respectively, on a year-to-date basis as of May 18, 2017.
What’s the Correlation between the Dollar and Gold in Last 5 Days?
One of the critical elements that plays on precious metals besides the overall market sentiment is the US dollar.
Where Is the Gold-Silver Ratio Headed?
When analyzing the precious metals market, it’s important to take a look at the relationship between gold and silver.
How Big Is the US Debt Compared to Other Nations?
Japan leads the nations with its rising debt-to-GDP ratio. The United States is in seventh place.
Newmont Mining: How’s the Project Pipeline Looking?
Newmont Mining (NEM) approved funding for its Northwest Exodus project in June 2016, and the project is now under construction.
This Is Barrick Gold’s Focus: To Improve Free Cash Flow
Barrick Gold’s (ABX) management has defined value creation for shareholders in terms of FCF (free cash flow) per share.
What Are the Drivers of Goldcorp’s Production Growth?
Goldcorp’s gold production fell 16% year-over-year in 4Q16 to 761,000 ounces. The company’s management had guided for 2.8 million–3.1 million ounces of gold production in 2016.
Analyzing the Volatility of Miners in February 2017
Call implied volatility takes into account the changes in an asset’s price due to variations in the price of its call option.
Which Gold Miners Offer Long-Term Production Growth?
Barrick Gold (ABX) slightly increased its 2016 production guidance to ~5.3 million to ~5.6 million ounces.
Reading the RSI Levels and Volatilities of Mining Companies
Many of the fluctuations in precious metals have been determined by the Federal Reserve’s interest rate stance. These variations play on precious metals funds.
Rising Volatility Continues to Affect Miners’ Stocks
The precious metals price correction that happened on September 2, 2016, extended to September 6. How did equities and funds respond?
How Bald Mountain Is a Positive for Kinross Gold
Kinross Gold (KGC) acquired 100% of the Bald Mountain gold mine and the remaining 50% of the Round Mountain gold mine in Nevada from Barrick Gold (ABX) in November 2015.
Why Did Soros Fund Management Reduce Its Holdings in Barrick Gold?
Billionaire investor George Soros, who said in April 2016 that gold was the only asset that could outperform in the current market environment, is now getting out of gold.
What Do Analysts Think about Coeur Mining?
Of the ten analysts covering Coeur Mining, 50% have given the stock a “buy” recommendation. The average target price is $14.20 compared to its current price of $15.90.