Gold Fields Ltd
Why Harmony Gold Rose Strongly after Beating Estimates
Harmony Gold’s (HMY) revenues came in higher than analysts’ estimates while its all-in sustaining costs were lower than market expectations.
How Did AngloGold Reduce Its Costs despite Lower Production?
AngloGold Ashanti that for the last three years, its management’s focus has been on the widening of its margins on a sustainable basis.
Analyzing the Mixed Performance of Miners on June 19
Goldcorp (GG), Yamana Gold (AUY), and Hecla Mining (HL) have fallen 4.1%, 15.7%, and 1.1% year-to-date, respectively. However, Gold Fields (GFI) has risen 14.6% year-to-date.
US Inflation Softens, Gold Still Has Drivers to the Upside
As per the U.S. Bureau of Labor Statistics, the US Consumer Price Index (or CPI) rose 0.2% in February, compared to a 0.5% rise in January 2018.
India’s Slumping Gold Imports Are Bad News for Gold Investors
India imported gold worth $1.97 billion in June—a fall of 37% YoY (year-over-year). That’s quite low compared to a rise of 10.50% YoY in May.
AngloGold, South Africa’s Lowest-Cost Miner: Can Others Catch Up?
AngloGold Ashanti (AU) is the lowest-cost South African gold miner.
The Word on the Street: What Analysts Are Saying about AngloGold Ashanti
About 59% of analysts covering AngloGold Ashanti have issued “buy” recommendations. About 24% of analysts have issued “holds,” and 18% have issued “sells.”
South Africa’s Inflation Heads North despite Economic Slowdown
Agricultural output was reduced due to adverse weather conditions that made food prices soar. Let’s look into some key reasons for the high inflation.
Eldorado Gold: The Worst-Performing Gold Miner in January
Eldorado Gold (EGO) is Canada’s second-largest gold mining company, whose price is trading at $2.22 per share as of January 28, 2016.
Which South African Miner Offers the Optimal Geographical Mix?
AngloGold Ashanti (AU) it is less exposed to South Africa than other South African miners. About 28% of its production comes from South Africa.
How Does a Negative Interest Rate Policy Affect Gold Investments?
Under a negative interest rate policy, people are charged on their deposits with banks, and banks are charged for their deposits with the central bank.
What’s in Store for South African Miners after the Fed’s Rate Hike?
AngloGold Ashanti (AU) stock has been under pressure in 2017 and is down 2% year-to-date through March 16, 2017.
What Falling Miner RSI Levels Suggest
The RSI levels of our four select mining giants have all increased lately due to their higher stock prices.
Which South African Gold Miner Has Received an Upgrade?
Sibanye Gold (SBGL) entered into an agreement with Stillwater Mining (SWC) to acquire all its stock in December 2016.
How Strong Does AngloGold’s 2H16 Need to Be to Reach Its 2016 Guidance?
AngloGold’s 1H16 production was somewhat lower than expected due to safety stoppages in South Africa and poor recoveries at Kibali in the DRC.
Sizing up the T. Rowe Price Africa & Middle East Fund
The T. Rowe Price Africa & Middle East Fund invests in between 50 and 80 companies, focusing on Kenya and South Africa, as well as Saudi Arabia and the UAE.
Which Stocks Are Uptrending in Their Correlations to Gold?
It’s expected that precious metal mining stocks will follow precious metals. So it’s crucial to know which stocks are closely associated with precious metals.
Platinum Touched Its Six-and-a-Half-Year Low in 2015
As automobile catalysts comprise ~44% of the demand for platinum, the Volkswagen scandal curbed the demand for diesel-fueled cars that use platinum as a catalyst. This pulled down the already depressed platinum and comparatively strengthened palladium.
What Are the Biggest Catalysts for AngloGold’s Valuation Multiple?
AngloGold Ashanti, one of the largest gold mining players, has an EV-to-EBITDA multiple of 5.7x—the highest among the South African mining companies.
How Could the Fed’s Decision Impact South African Miners?
With the Federal Reserve’s rate hike decision in December 2016, the US dollar has strengthened, which could weaken the rand. In such a scenario, miners’ costs could fall.
Harmony Gold: Rand Gold Price Leverage a Plus, but Concerns Remain
Inconsistent operational performance, local labor issues, and a volatile metal price environment have impacted Harmony Gold’s (HMY) stock negatively.
What Factors Are Impacting Costs for AngloGold?
Gold prices fell by 3% YoY in 1Q16. Production dropped by 7.2% YoY. AngloGold’s total cash costs fell by 5%, and its AISC fell by 7% YoY in the same period.
What Will Impact AngloGold’s Valuation Most?
AngloGold has an EV-to-EBITDA multiple of 5.1x—the highest ratio among South African mining companies. Its estimated EBITDA margin for 2017 is 42.4%.
Inside AngloGold Ashanti’s Positioning in 2016
YTD, Sibanye Gold (SBGL) has risen by 191%, while AngloGold Ashanti (AU) and Gold Fields (GFI) have risen 180% and 100%, respectively.
South African Miners Enjoy Unique Factors that Merit Attention
While South African miners can be categorized with senior or intermediate miners, there are unique factors driving South African miners that merit special attention.
An Overview of Gold Miner Performance in 2015
Gold miners’ stocks have underperformed most of the market indices and gold itself. GDX has significantly underperformed GLD since 2008.
How Have Harmony and Sibanye Outperformed Their Peers in 2016?
On May 27, Harmony Gold (HMY) had gained a staggering 275% year-to-date.
These Factors Will Impact AngloGold’s Costs in 2H16
AngloGold’s cost metrics improved during 1H16. Its AISC (all-in sustaining costs) for 1H16 reached $911 per ounce—$13 per ounce YoY improvement.
Precious Metal Miners Worth Considering Based on Valuations
Gold prices have been on a roller coaster ride, given the on and off situation with North Korea. A missile test and gold’s safe-haven appeal have propelled prices higher, and then they’ve fallen back again.
Can Sibanye Achieve Its Cost Guidance for 2016?
Sibanye Gold’s (SBGL) gold production in 1Q16 was 360,800 ounces, which is 14% higher compared to the same quarter last year.
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.
What’s the Trump Impact on Precious Metals?
While Trump has continued to avoid giving specifics on his future economic policies, gold has begun to rise again. Gold hit a seven-week high on January 12.
Janet Yellen Shares Views on Rate Hike, Gold Falls to 15-Week Low
Gold and other precious metals plummeted on Friday. Gold, silver, platinum, and palladium fell by 0.54%, 0.42%, 1.4%, and 0.7%, respectively.
China’s Yuan Devaluation Raises Concerns of Currency Wars
China’s recent devaluation of the yuan by ~1.9% sent ripples through global equity markets. The yuan’s devaluation could have an adverse effect on the Fed’s possible interest rate hike.
How Miners Are Performing in April amid Less Unrest
All four precious metals except palladium saw a down day on Friday, April 20. That led to a fall in most miners’ prices.
Could Harmony Gold Regain Analysts’ Lost Favor?
According to the consensus compiled by Thomson Reuters, Harmony Gold (HMY) has “buy” ratings from 30% of the analysts covering the stock.
Could South African Miners’ Difficulties End in 2019?
South African miners (GDXJ) have traditionally traded at discounts to their global counterparts (GDX).
Why the US Dollar Is Gaining Strength and the Impact on Gold
The primary reason for the fall in precious metals on Monday was the US dollar, which strengthened against the basket of other world currencies.
How the Platinum Markets Are Moving in Relation to Gold
Higher demand for gasoline-powered vehicles over diesel-based vehicles caused a slump in platinum prices.
What’s Baked In to Gold Fields’ Analyst Ratings?
Gold Fields stock has fallen 11.4% YTD (year-to-date) as of June 14, and so have its South African peers (GDX).
What’s Supporting Gold Prices and What’s Not
On Thursday, silver was up 0.8% to $16.6 an ounce.
Reading the Reactions of Precious Metals Miners on May 23
In this article, we’ll discuss the moving averages, returns, and RSI scores of Sibanye Gold, Gold Fields, Coeur Mining, and Barrick Gold.
What the Gold-Platinum Ratio Indicates
Lower platinum prices are a major concern for platinum miners in Africa.
Are Mining Shares Closely Tracking Precious Metals?
Precious metals seem to be in the doldrums over the strength of the dollar and the Fed’s decision to raise interest rates.
All 4 Precious Metals in the Red: Is There Hope for Revival?
In this series, we’ll analyze the various factors that affected precious metal prices at the end of April.
How Closely Are Miners Tracking Gold?
Usually, precious-metal-mining companies follow precious metals.
US Inflation Rises: How Will It Impact Gold Prices?
According to the US Bureau of Labor Statistics, the US consumer price index (or CPI) rose 2.4% year-over-year (or YoY) in March 2018.
Reading the Movements of Miners’ Correlations with Gold
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI).
Precious Metal Miners and Their Technicals
All four precious metals except platinum saw their prices rise on Tuesday, April 10, 2018.
How Platinum Is Moving Relative to Gold
Platinum and palladium are used to cut down carbon monoxide emissions and so are used as an autocatalyst in vehicle engines.
What Mining Stocks’ Relative Strength Index Tells You
The precious metals and miners were widely expected to react negatively after the Fed decided to hike interest rates.
The Correlation of Miners So Far in March
Mining stocks tend to move in accordance with gold prices.
How Mining Stocks Move in Relation to Precious Metals
In general, most mining companies rose on Friday, March 23, following gold and silver.
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.
Keeping an Eye on Mining Stocks’ Correlation with Gold
Mining stocks’ correlation with gold is crucial, as gold is famously known as the big brother of precious metals.
Could Rising Inflation Boost Gold?
There has been much hype about the expected movement of inflation and how the Federal Reserve would react to this.
How Volatility Is Affecting Gold
Though the returns on gold haven’t been exceptional over the past year, they have been stable.
How the Interest Rate Hike Is Playing on Precious Metals
Another element besides the fluctuations of the US dollar that could have led to the fall in precious metals is the US interest rate.
Tug-of-War: How Inflation and Interest Rates Are Pulling Gold
The better the economic forecast for the US, the sooner we could see more interest rate hikes.
Why Platinum Is the Best-Performing Precious Metal in 2018
Platinum has surged a whopping 8.7% on a year-to-date basis. However, gold, silver, and palladium have risen only 3.5%, 1.9%, and 1.3%, respectively.
Inflation’s Outlook Firms—How’s Gold’s Looking?
Rising oil prices The pace of inflation in the United States unexpectedly strengthened in December 2017 when the core consumer price index (or CPI) rose by 1.8% year-over-year (or YoY), including a monthly advance of 0.3%. The monthly gain was higher than economists’ expectation of a rise of 0.2%, according to Bloomberg. Inflation expectations (TIPS) have […]
A Brief Correlation Analysis of Miners in the New Year
Mining stocks tend to take their cues from gold. For our correlation analysis, we’ll compare a few different mining stocks to gold.
Reading the Performance of Mining Shares amid Surging Metals
On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares.
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.
Which Picks Analysts Are Banking On for New Year Gold Rally
Scotiabank believes that gold miners’ valuations on average are cheaper than gold prices.
Have Gold Prices Found the Bottom?
Another indicator that’s usually seen as a turning point for gold prices is the net long position of speculators.
Why South Deep Mine Could Be Key to Gold Fields’ Future
Gold Fields (GFI) has returned 37.5% YTD (year-to-date) as of December 18, 2017. It has easily outperformed its South African mining peers.
Correlation Study of the Top Miners and Gold
New Gold has the highest correlation with gold on a YTD (year-to-date) basis, while Sibanye Gold has the lowest correlation.
A Brief Look at December 2017’s Precious Metal Spread Measures
In this article, we’ll discuss the gold-silver, gold-platinum, and gold-palladium spreads. These three spreads stand at 77.9, 1.38, and 1.23, respectively.
What Made AngloGold Ashanti Climb the Ranks among Analysts
Similar to Pan American Silver (PAAS), AngloGold Ashanti (AU) has recently climbed into the analysts’ top ten in terms of percentage “buy” recommendations.
Chart in Focus: Technical Indicators of Mining Stocks
Gold Fields, Wheaton Precious Metals, Pan American Silver, and IamGold have RSI scores of 36.7, 55.2, 41.9, and 44.4, respectively.
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.
Analyzing Mining Stocks’ Technical Indicators
Gold Fields, Coeur Mining, Hecla Mining, and IamGold have call implied volatilities of 40.4%, 46.7%, 33.6%, and 44.3%, respectively.
Where Are Precious Metal Spreads Moving?
In this part of the series, we’ll look at the gold-silver spread, the gold-platinum spread, and the gold-palladium spread.
Why Precious Metal Mining Stocks Rose on Monday, December 4
All four miners that we’re covering in this series are trading below their 20-day and 100-day moving averages except Gold Fields.
An Overview of the Platinum and Palladium Markets in 2017
In September 2017, palladium prices overtook the price of platinum.
What Led to the Recent Rebound in Precious Metals?
After a substantial slump on Monday, gold futures for December delivery rose 0.5% on Tuesday and closed at $1,281.7 per ounce.
Your Brief Correlation Study of Major Mining Stocks Last Week
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Junior Gold Miners (GDXJ) have seen YTD (year-to-date) gains of 6.4% and 9%, respectively.
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.
What’s Affecting Gold Prices?
Gold prices (GLD) have risen ~10.5% as of November 7, 2017, YTD (year-to-date).
Analyzing Mining Shares’ Correlation Movement
When investors want to park their money in miners, it’s crucial that they analyze the correlations of mining stocks with gold.
Analyzing a Few Core indicators for Miners
As of November 2, 2017, AGI, GFI, IAG, and HMY had call-implied volatilities of 46.9%, 40.4%, 44.3%, and 53.3%, respectively.
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.
Reading the Correlation Movements of Precious Metal Miners with Gold
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Junior Gold Miners (GDXJ) fell 2.6% and 1.5%, respectively, on October 26.
A Technical Analysis of Mining Shares in October
When investors look at mining stocks, it’s important that they do a technical analysis of the stocks.
A Brief Correlation Study of Mining Stocks as of October 23
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Gold Miners (GDX) have fallen 1.3% and 1.4%, respectively, on a five-day-trailing basis.
How Mining Stocks Have Moved in October
On October 23, Alamos, First Majestic Silver, Sibanye Gold, and Gold Fields had call implied volatilities of 46.9%, 54.6%, 63%, and 40.4%, respectively.
Reading the Directions: How Mining Stocks Are Correlating with Gold
The Sprott Gold Miners (SGDM) and the iShares MSCI Global Gold Min (RING) have risen 10.6% apiece on a YTD (year-to-date) basis.
Inside Mining Stock Technicals on October 12
Most precious metals had a down day on Tuesday, October 10, despite the recent overall upward movement in precious metals.
A Correlation Analysis of Some Important Miners
Among the miners that we’re looking at in this part of the series, Sibanye Gold has the lowest correlation to gold on a YTD basis, while Gold Fields has the highest correlation to gold.
Mining Stocks Today: Your Technical Updates
On October 5, Gold Fields, Agnico-Eagle, Cia De Minas Buenaventura, and AngloGold had implied volatility readings of 40.4%, 33.6%, 35.3%, and 40.9%, respectively.
Mining Stocks so Far in 2017: A Correlation Study
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
The Latest in Correlation Trends between Mining Stocks and Gold
Among the four miners that we’re analyzing here, Sibanye Gold has the lowest correlation with gold on a one-year basis, while Gold Fields has the highest.
Behind the Technical Details of Mining Stocks Today
On September 28, 2017, Alamos, Gold Fields, Pan American, and Barrick Gold had implied volatilities of 46.9%, 40.4%, 34%, and 29.1%, respectively.
A Correlation Study of Mining Stocks in September 2017
Among the four miners we’re looking at, Gold Fields has the highest correlation to gold on a YTD basis, while Sibanye Gold has the lowest correlation to gold.
How Mining Stocks’ Prices Compare
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 […]
How Strongly Can North Korea Move the Precious Metals Market?
Gold futures for September expiration have risen ~3.9% over the past one-month period. Silver, platinum, and palladium have followed the same track as gold.
The Dollar’s Outlook Is Darkening—Does It Signal Brighter Days for Gold?
The more-dovish-than-expected minutes from the Federal Reserve’s July meeting were released on August 16, 2017. These minutes impacted the dollar negatively.
What Do the Indicators Say about Gold’s Price Outlook?
Gold prices have risen 11.4% year-to-date until August 14 after gaining 8.5% in 2016. While the gold price trend has been volatile in 2017, recent geopolitical tensions and a weaker US dollar have supported gold prices.
How Miners Rebounded in the Past Month
Most precious metal miners have seen an upswing in their prices over the past week.