First Majestic Silver Corporation

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  • Is Silver More Valuable as a Precious Metal or an Industrial Metal?
    Macroeconomic Analysis

    Is Silver More Valuable as a Precious Metal or an Industrial Metal?

    Silver has been falling over the past few years, despite surging demand for its industrial use. Fundamentally, silver seems to be strong due to rising demand and a year-over-year shortfall in its supply.

    By Meera Shawn
  • uploads///dfeadffdacfbe
    Macroeconomic Analysis

    What Caused the Fall in Precious Metals?

    Gold prices plummeted on Wednesday, January 25, 2017, and gave the lowest close in recent weeks.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    How Much Does the US Interest Rate Influence Gold?

    Gold and interest rates have a close inverse relationship. The higher the rate for Treasuries, the lower the demand for non-yield-bearing assets such as gold and silver.

    By Meera Shawn
  • uploads///Financial leverage
    Company & Industry Overviews

    Financial Leverage Is Less of a Concern for Coeur Mining’s Investors

    Coeur Mining (CDE) repaid $109.3 million of its debt in 3Q16. After this, the company’s interest expenses fell 26% quarter-over-quarter and 35% year-over-year.

    By Anuradha Garg
  • uploads///Valuation
    Company & Industry Overviews

    Factors That Could Drive Silver Miners’ Valuations in 2017

    Coeur Mining (CDE) is trading at a forward EV-to-EBITDA multiple of 6.9x, the lowest multiple in the peer group.

    By Anuradha Garg
  • uploads///miner
    Macroeconomic Analysis

    Why Miners Have Outshined Precious Metals

    Mining stocks are often known to amplify the returns in precious metals. Small losses for metals can bring exponential losses to metal miners, and vice versa.

    By Meera Shawn
  • uploads///MINER
    Macroeconomic Analysis

    Why Mining Company Stocks Are Rising Year-to-Date

    Mining companies saw massive YTD rises in 2016 despite their poor performances in the last quarter. GDX saw a YTD rise of 21.4%.

    By Meera Shawn
  • uploads///Financial health
    Company & Industry Overviews

    Which Silver Miners Still Need to Work on Financial Health?

    Coeur Mining’s (CDE) debt at the end of 1Q17 was $219.1 million, which is 57.0% lower than at the end of 1Q16.

    By Anuradha Garg
  • uploads///Gold price versus DXY Currency
    Macroeconomic Analysis

    Did the Fall in the Dollar Boost Precious Metals?

    Precious metals saw an upward swing on Tuesday, November 1, 2016. The rise in precious metals was most likely due to the slight fall of the US dollar.

    By Meera Shawn
  • uploads///Production
    Company & Industry Overviews

    Which Silver Miners Could Surprise on the Downside of Production?

    Hecla Mining’s (HL) silver production recorded a fall of 27.0% year-over-year (or YoY) to 3.4 million ounces in 1Q17.

    By Anuradha Garg
  • uploads///Net debt to EBITDA
    Basic Materials

    Behind Silver Miners’ Debt Repayment Capacities

    Silver companies try to maintain an optimal level of debt-to-equity to lower their costs of capital and maintain an optimum level of risk-reward for shareholders.

    By Anuradha Garg
  • uploads///Financial leverage
    Company & Industry Overviews

    Inside Silver Miners’ Financial Leverage after 3Q16

    Investors in the precious metal mining industry need to know a company’s debt levels because high debt can strain a company’s credit rating.

    By Anuradha Garg
  • uploads///Price performance_All categories
    Company & Industry Overviews

    As Gold Miner ETFs Rally, Why Are Gold Prices Headed South?

    When gold prices fell by 11% in 2015, GDX amplified that loss by returning -25%. In 2016, GDX amplified gold’s gains positively.

    By Anuradha Garg
  • uploads///Valuation
    Company & Industry Overviews

    Which Silver Miners Offer a Valuation Upside?

    Coeur d’Alene Mines (CDE) is trading at a forward EV-to-EBITDA of 7.6x, which is lower than the average peer multiple of 8.3x.

    By Anuradha Garg
  • uploads///RSI
    Miscellaneous

    How Mining Stock Volatility Numbers Are Moving Now

    First Majestic, New Gold, Agnico, and Silver Wheaton now have RSI scores of 60.5, 56.2, 57.6, 59.6, respectively.

    By Meera Shawn
  • uploads///gOLD
    Basic Materials

    Gold Inches Higher on Weaker Dollar and Global Uncertainties

    After falling for two consecutive trading days, gold regained its strength on Wednesday, June 29, amid increasing concerns over the stability of the global markets.

    By Val Kensington
  • uploads///Intro
    Company & Industry Overviews

    How Are Silver Miners Doing as Silver Outshines Gold?

    Silver has outperformed gold year-to-date (or YTD). The SPDR Gold Shares ETF (GLD) has risen 17% YTD, while the iShares Silver Trust ETF (SLV) has risen 24%.

    By Anuradha Garg
  • uploads///Silver_ANAlyst rtings
    Basic Materials

    How the Ratings and Potential Upsides for Silver Miners Look Today

    The performances of precious metal miners with substantial exposure to silver have been disappointing in 2017. As a group, they’ve returned just 0.9% YTD.

    By Anuradha Garg
  • uploads///CDE
    Basic Materials

    The Market Sentiment for Coeur Mining as 4Q17 Begins

    CDE stock has risen 2.6% year-to-date. However, during the same period, silver prices gained 4.7% and the Global X Silver Miners ETF (SIL) rose 5.5%.

    By Anuradha Garg
  • uploads///Front Month Silver Futures  Month Price Evolution
    Macroeconomic Analysis

    Silver Futures Show a Silver Lining

    Recent global unrest and the equity market slump have weighed on silver while the haven appeal that has lifted up gold has also helped silver.

    By Meera Shawn
  • uploads///Production growth
    Company & Industry Overviews

    Understanding the Long-Term Growth Drivers for Silver Miners

    After years of cutting back on sustained capital expenditure, silver miners—like their gold mining peers—have started to refocus on production growth.

    By Anuradha Garg
  • uploads///Silver
    Company & Industry Overviews

    Analyzing Silver Miners’ Relative Valuations

    Precious metals miners with substantial exposure to silver are usually classified as silver miners.

    By Anuradha Garg
  • uploads///Financial health
    Company & Industry Overviews

    Which Silver Miners Need to Get into Better Financial Shape?

    While precious metal prices remained buoyant throughout 2016, miners are leaving no stone unturned in their mission to prune their balance sheets.

    By Anuradha Garg
  • uploads///Silver versus Silver Mining Stocks
    Macroeconomic Analysis

    How Silver Prices Are Influencing Major Silver Miners

    Mining companies like First Majestic Silver (AG), Silver Wheaton (SLW), Pan American Silver (PASS), Coeur Mining (CDE), and Hecla Mining (HL) are primarily into silver exploration.

    By Meera Shawn
  • uploads///Analyst ratings_Silver miners
    Company & Industry Overviews

    Which Silver Stock Is Analysts’ Favorite These Days?

    Precious metal miners with substantial exposure to silver have also performed well year-to-date. Let’s take a closer look.

    By Anuradha Garg
  • uploads///AG
    Basic Materials

    Why Analysts Love First Majestic Silver the Most

    While First Majestic Silver (AG) has seen negative returns year-to-date (or YTD), it has outperformed the Silver Miners (SIL) Index.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    Why Silver Miners’ Stock Performance Has Diverged in 2017

    It’s important for investors to keep tabs on analysts’ recommendations and ratings, as they are market sentiment indicators. In this series, we’ll look at recommendations and ratings for silver miners.

    By Anuradha Garg
  • uploads///Silver Miner_Changes
    Basic Materials

    Silver Stocks: Keeping Up with Analyst Rating Changes

    Following the recent strong run in silver (SLV), several analysts have commented on silver miners (SIL), as we’ll see in this part of the series.

    By Anuradha Garg
  • uploads///Intro
    Company & Industry Overviews

    Why Did Silver Outperform Gold in 2016?

    While the last two months of 2016 chipped away a large part of the gains made by precious metals, silver outperformed gold on a yearly basis.

    By Anuradha Garg
  • uploads///AISC
    Company & Industry Overviews

    Which Silver Miners Cut Cost Guidance in 3Q16?

    Cost discipline and low-cost assets are crucial for silver miners. They help miners navigate lower metal price environments while improving margins and FCF.

    By Anuradha Garg
  • uploads///Commodity exposure
    Company & Industry Overviews

    Which Silver Miners Offer Diversified Exposure to Commodities?

    For investors considering silver stocks due to their leveraged exposure to silver prices, the higher the company’s revenues derived from silver, the better.

    By Anuradha Garg
  • uploads///Production
    Company & Industry Overviews

    Silver Miner Production Growth: The Outlook for 4Q16

    Hecla Mining (HL) recorded strong 67% silver production growth and 19% gold production growth YoY (year-over-year) in 3Q16.

    By Anuradha Garg
  • uploads///AISC
    Basic Materials

    These Silver Miners Keep Improving Costs

    Hecla Mining (HL) reported AISC (all-in sustaining costs) of $9.97 per ounce in 2Q17, an impressive improvement of 22.0% over the same quarter last year.

    By Anuradha Garg
  • uploads///Gold versus VIX indicator
    Basic Materials

    How the Economic Sentiment Is Playing on Gold

    During the past week, average hourly earnings, excluding the farming industry, were below analysts’ expectation of 0.10%.

    By Meera Shawn
  • uploads///slv  march
    Basic Materials

    Silver prices could break the support of $15.50 per ounce

    Prices settled just above the important support level on March 9, 2016. The April futures for silver might test the next key support of $15.50 per ounce.

    By Gordon Kristopher
  • uploads///Geographic exposure
    Company & Industry Overviews

    Which Silver Miner Offers Optimal Geographic Exposure?

    Given rising taxes, royalties, changes to mining codes, and asset nationalizations in the past few years, many big mining projects have become uneconomical.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    Which Gold Miners Benefitted Most from the 1H16 Gold Rush?

    Gold prices rose 23% in the first half of 2016, making gold one of the best-performing investments so far this year.

    By Anuradha Garg
  • uploads///FCF yield
    Company & Industry Overviews

    Technical Indicators in Silver: An Oversold Position in 2017?

    Coeur Mining (CDE), Hecla Mining (HL), and Pan American Silver (PAAS) are trading 3.3, 7.9%, and 2.6%, respectively below their 50-day moving averages.

    By Anuradha Garg
  • uploads///Silver miners
    Company & Industry Overviews

    How Are Silver Prices Influencing Major Silver Miners?

    Silver miners have shown a significant correlation to gold prices at 0.90 since the start of 2013. Silver prices have a strong correlation as well.

    By Anuradha Garg
  • uploads///silver march
    Company & Industry Overviews

    Silver prices retreat from the key support for the third day

    The falling wedge pattern could be seen in the May silver futures contracts. Silver prices were trading at the lower part of the wedge pattern on March 10, 2015.

    By Gordon Kristopher
  • uploads///Volatility
    Miscellaneous

    Gauging Market Sentiment before the US Elections

    While Americans evaluate the promises of US presidential nominees Trump and Clinton, investors are busy evaluating their portfolios in light of either nominee’s victory.

    By Anuradha Garg
  • uploads///Intro
    Company & Industry Overviews

    As Gold Prices Rally, What Else Is Driving Gold Mining Stocks?

    Gold prices have risen 15% year-to-date as of April 13, making gold the best-performing investment in 2016 so far. But there’s more to the story than prices alone.

    By Anuradha Garg
  • uploads///cdeecbddbaddbdacbb
    Macroeconomic Analysis

    What Led to the Revival of Precious Metals in January 2017?

    Gold prices edged higher once again on Friday, February 3, 2017. On February 2, gold touched $1,219.40 per ounce, its best price since November 2016.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    Precious Metals and Mining Stock: What the Correlation Looks Like

    As the price of gold rebounded on July 5, 2017, so did the stocks of many miners.

    By Meera Shawn
  • uploads///gold silver ratio
    Macroeconomic Analysis

    Assessing Silver and Gold in 2015

    Silver was the second best-performing precious metal in September, advancing by 11.40% on a 30-day trailing basis. But October has seen negative returns.

    By Meera Shawn
  • uploads///Front Month Silver Futures  Month Price Evolution
    Macroeconomic Analysis

    What’s Driving Silver’s Growth?

    Silver has successively risen in the current year and is now the best-performing precious metal.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    Where Do the Volatilities of Mining Stocks Point?

    Many of the recent fluctuations in precious metals have been the result of speculation about the Federal Reserve’s interest rate stance.

    By Meera Shawn
  • uploads///Gold to Silver Ratio
    Macroeconomic Analysis

    Where Is the Gold-Silver Ratio Headed?

    The rise in the haven bids in 2016 has caused a jump in the price of gold by close to 17%. However, silver has increased only 8.3%—almost half the rise in gold.

    By Meera Shawn
  • uploads///MExican Peso
    Miscellaneous

    Gold Lost Its Sheen as FBI Cleared Clinton in Email Probe

    On November 6, 2016, the FBI cleared Hillary Clinton of criminal charges related to the handling of classified information on her private server.

    By Anuradha Garg
  • uploads///MINER
    Macroeconomic Analysis

    How Mining Stocks Moved in January 2017

    Some investors expected choppy markets for precious metal mining companies after Trump’s victory, but that didn’t happen. Miners often follow precious metals.

    By Meera Shawn
  • uploads///Silver
    Basic Materials

    Will Silver Miners’ Multiples Expand after a Long Dry Spell?

    On November 14, 2018, Pan American Silver announced that it was buying Tahoe Resources in a $1.07 billion cash and stock deal.

    By Anuradha Garg
  • uploads///Silver Miners
    Basic Materials

    Which Silver Miners Look Primed for a Rebound after a Dry Spell?

    Of all the major silver stocks, Tahoe Resources (TAHO) is trading at the lowest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 3.3x.

    By Anuradha Garg
  • uploads///Catalysts
    Basic Materials

    Why Execution on Growth Projects Will Be Key for IAMGOLD Stock

    CEO Steve Letwin stated during IAMGOLD’s third-quarter earnings call that it’s focused on becoming a low-cost producer.

    By Anuradha Garg
  • uploads///Valuation
    Basic Materials

    Which Silver Miners Look Reasonable at Current Valuations?

    Of all the stocks we’ve covered in this series, Tahoe Resources (TAHO) is trading at the lowest enterprise-value-to-forward-EBITDA multiple of 3.5x.

    By Anuradha Garg
  • uploads///PAAS
    Basic Materials

    What’s Baked into Analysts’ Pan American Silver Ratings?

    Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD.

    By Anuradha Garg
  • uploads///money _
    Basic Materials

    How Do Analysts Rate Silver Miners?

    In 2018 so far, silver prices have significantly underperformed gold prices.

    By Anuradha Garg
  • uploads///CORRELATION
    Basic Materials

    Analyzing Mining Companies’ Correlation with Gold

    Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively.

    By Meera Shawn
  • uploads///PAAS
    Basic Materials

    Why Analysts’ Ratings for Pan American Silver Have Improved

    Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD (year-to-date). As of June 26, it has risen 12.7%.

    By Anuradha Garg
  • uploads///AG
    Basic Materials

    Why Analysts Like First Majestic Silver the Most

    First Majestic Silver (AG) is one of the few silver miners (SIL) to have a double-digit return YTD. Its stock has risen 10.8% as of June 26.

    By Anuradha Garg
  • uploads///bullion _
    Basic Materials

    Analyzing Analysts’ Love-Hate Relationship with Silver Stocks

    The five silver miners we’ll be discussing in this series have broadly outperformed silver prices and the silver miners’ index YTD.

    By Anuradha Garg
  • uploads///RSI
    Basic Materials

    How Are Mining Stocks Reacting to the Slump in Gold?

    The Global X Silver Miners ETF (SIL) and the VanEck Vectors Gold Miners ETF (GDX) have fallen about 7.6% and 1.8%, respectively, during the last month.

    By Meera Shawn
  • uploads///Gold Price and RSI Level
    Basic Materials

    Gold’s RSI Level Drops below 30—What’s Next?

    On Thursday, June 28, silver fell 0.3% and was trading at $16.00. Platinum dropped 1.0% and traded at $850.00.

    By Meera Shawn
  • uploads///money _
    Basic Materials

    Silver: The Second-Favorite Metal

    With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals.

    By Meera Shawn
  • uploads///Silver Miners
    Basic Materials

    Can Silver Miners Rebound in 2018 after a Long Dry Spell?

    In 2018, the iShares Silver Funds ETF (SLV), which tracks spot silver prices, has fallen 2.8%, while the Silver Miners’ Index (SIL) has fallen 5.5%.

    By Anuradha Garg
  • uploads///Gold price versus Volatility Index
    Basic Materials

    How Are Precious Metals Reacting to Market Volatility?

    Besides the rise and fall in the US dollar, another crucial factor affecting precious metals price changes is overall market volatility.

    By Meera Shawn
  • uploads///office _
    Miscellaneous

    The Most Crucial Element in the Precious Metals Downtrend

    Gold ended the day almost flat on Wednesday, May 2, and closed at $1,304.90 per ounce.

    By Meera Shawn
  • uploads///paper _
    Basic Materials

    A Quick Look at the Relationship between Gold and Silver

    Though gold and silver are the top two haven precious metals and tend to move in tandem, 2018 has been a little surprising.

    By Meera Shawn
  • uploads///Gold price versus Volatility Index
    Miscellaneous

    How Market Unrest Is Affecting Gold

    If we look at the historical performance of precious metals compared to markets, we see that gold has been closely tracking market volatility.

    By Meera Shawn
  • uploads///MINER
    Miscellaneous

    How Closely Are Miners Tracking Gold?

    Usually, precious-metal-mining companies follow precious metals.

    By Meera Shawn
  • uploads///MINER
    Miscellaneous

    Following Metals, Miners Saw an Upswing on April 11

    When precious metals rose on April 11, 2018, miners followed suit. Most miners saw an up day on April 11, though that may not always be the case.

    By Meera Shawn
  • uploads///RSI
    Basic Materials

    Analyzing Miners’ Implied Volatility

    Recently, the unrest in the markets has had a big effect on precious metals and the US dollar.

    By Meera Shawn
  • uploads///bag of coins _
    Miscellaneous

    Why Gold Is Performing Better than Silver

    There has been a significant up-and-down movement in the precious metals since the beginning of 2018.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    How These Mining Stocks Correlate with Gold

    In this part of the series, we’ll look at the correlation between gold and four select mining stocks.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    The Correlation of Miners So Far in March

    Mining stocks tend to move in accordance with gold prices.

    By Meera Shawn
  • uploads///Gold and Dollar Fluctuations
    Miscellaneous

    How the Lower US Dollar Is Affecting Gold and Miners

    On March 23, gold touched a two-week high and closed at $1,349.30 per ounce, and silver ended the day at $16.50 per ounce.

    By Meera Shawn
  • uploads///HL
    Basic Materials

    Is the Analyst Sentiment for Hecla Mining Improving?

    Out of all the silver miners (SIL) under discussion in this series, Hecla Mining (HL) has among the fewest “buy” ratings.

    By Anuradha Garg
  • uploads///analysis _
    Basic Materials

    Silver Underperforms Gold in 2018: Can It Correct Its Course?

    As of March 16, 2018, the SPDR Gold Shares ETF (GLD), which tracks gold prices, had risen 0.8% YTD.

    By Anuradha Garg
  • uploads///CORRELATION
    Basic Materials

    A Look at Miners’ Recent Correlations with Gold

    Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    How Miners Correlate with Gold

    Precious metal mining stocks tend to take their cues from gold prices.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    What Do Precious Metal Miners’ Technicals Mean?

    Precious metal miners had a good start to 2018. Their prices rose due to the rebound in precious metals.

    By Meera Shawn
  • uploads///Catalysts
    Basic Materials

    Growth Catalysts for IAMGOLD in 2018 and Beyond

    IAMGOLD (IAG) has many organic growth opportunities. It’s pursuing expansion opportunities at existing deposits and expects initial resource estimates at Monster Lake, Nelligan, and Eastern Borosi.

    By Anuradha Garg
  • uploads///Gold Silver Ratio
    Basic Materials

    The Trend Analysis of the Gold–Silver Ratio in January 2018

    Gold and silver had a great start to 2018, and they have risen about 3.5% and 1.9%, respectively, year-to-date.

    By Meera Shawn
  • uploads///Valuation
    Basic Materials

    A Look at Valuation Catalysts for Coeur Mining Stock in 2018

    Coeur Mining (CDE) is trading at a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 7.9x.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    4Q17 Preview: Coeur Mining Seeks a Price Reversal in 2018

    Coeur Mining (CDE) stock gained ~270.0% in 2016—among the highest in its peer group. In 2017, the situation reversed as CDE stock fell 17.5%.

    By Anuradha Garg
  • uploads///MINER
    Miscellaneous

    How Are Miners Performing in the First Month of 2018?

    In this article, we’ll look at the moving average indicators of a select group of miners: First Majestic Silver, Goldcorp, Randgold Resources, and IAMGOLD.

    By Meera Shawn
  • uploads///Gold and Silver Movements
    Basic Materials

    A Quick Look at the Precious Metals Revival, Miners’ Performances

    Precious metals prices shot up on January 19, 2018, with concerns looming over the shutdown the of the US government.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    How Do Mining Stocks’ RSI Indicators Look?

    First Majestic Silver and Harmony Gold have 30-day trailing losses of 0.28% and 2.8%, respectively.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    Analyzing the Correlation of Gold to Miners in January 2018

    First Majestic Silver saw correlation drop during the past three years. On a three-year basis, its correlation with gold was 0.57.

    By Meera Shawn
  • uploads///MINER
    Basic Materials

    A Brief Analysis of Silver Miners in January 2018

    The target prices of the four miners we’re covering in this part are higher than their current trading prices, which could lead to an optimistic outlook on their prices.

    By Meera Shawn
  • uploads///Gold Platinum Ratio
    Miscellaneous

    Understanding the Recent Gold-Platinum Cross Rate

    When analyzing platinum markets, it’s important to compare the metal’s performance with that of gold, which is the most crucial of the precious metals.

    By Meera Shawn
  • uploads///gold and inflation
    Basic Materials

    Will Gold Maintain Its Close Correlation to Inflation?

    The rise in inflation could be a positive sign for the current scenario.

    By Meera Shawn
  • uploads///MINER
    Basic Materials

    A Quick Look at the Performance of Silver Miners in December 2017

    Coeur Mining and Hecla Mining have seen a loss in their prices on a year-to-date basis, falling 17.9% and 24.0%, respectively.

    By Meera Shawn
  • uploads///dfefacfeeacdbbdafc
    Miscellaneous

    Why Platinum Led the Precious Metals Pack on December 18

    All four precious metals except palladium witnessed an up day on December 18, 2017. Platinum touched the day’s high of $915.3 and ended up at $913.2 per ounce.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    Analyzing Mining Stocks’ Post-Rate-Hike Movement

    Mining stock analysis In this part of the series, we’ll take a look at First Majestic Silver’s (AG), B2Gold’s (BTG), Goldcorp’s (GG), and New Gold’s (NGD) call-implied volatility and RSI (relative strength index) scores. Volatility analysis AG, BTG, GG, and NGD have call-implied volatility of 42.9%, 54.8%, 25.7%, and 52.4%, respectively. New Gold and Goldcorp have reported trailing-30-day […]

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    Today’s Correlation Study of Key Mining Stocks with Gold

    The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) have fallen 3.5% and 4.4%, respectively, on a 30-day trailing basis.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    The Correlation Trends of Miners in 2017

    If we look at the YTD correlations of the select mining shares to gold, there has been a reasonable fall. On a YTD basis, Sibanye Gold has the least correlation to gold.

    By Meera Shawn
  • uploads///Gold and Silver Movement in
    Basic Materials

    In What Direction Are Precious Metals Headed?

    Among the four precious metals, silver was the only one that rose on Friday, December 8, 2017. Silver futures for February expiration rose 0.22%.

    By Meera Shawn
  • uploads///RSI
    Basic Materials

    Analyzing Miners’ Volatility Indicators

    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).

    By Meera Shawn
  • uploads///MINER
    Miscellaneous

    Mining Stocks: RSI and Moving Average Indicators

    First Majestic Silver and Barrick Gold are above their 20-day moving average, while New Gold and Kinross Gold are below their 20-day moving average.

    By Meera Shawn
  • uploads///MINER
    Miscellaneous

    Directional Trends in Mining Stocks

    Most of the mining stocks fell on Tuesday—only a few rose. Among the four miners that we’re discussing, Randgold Resources fell 0.17% and GDXJ fell 0.70%.

    By Meera Shawn
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