Goldcorp Inc

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  • uploads///dffbceffabbfcdecad
    Macroeconomic Analysis

    Yellen Wants to Keep Negative Rates on the Table, Helping Gold

    When the Federal Reserve chair, Janet Yellen, testified to Congress on February 11, she affirmed the Fed’s consideration of negative interest rates. Under a negative interest rate scenario, investors would pay interest to the bank for holding their money.

    By Meera Shawn
  • Basic Materials

    Why gold supply dynamics differ from other commodities’ dynamics

    China is the largest gold producer in the world, accounting for 14% of total production. East Asia as a whole produces 21% of the total newly mined gold. Latin America produces around 18% of the total.

    By Anuradha Garg
  • uploads///Kinross_Ratings
    Miscellaneous

    What’s up with Kinross’s Upgrades?

    For Kinross Gold, the analyst recommendations are equally divided between “buy” and “hold” at 44% each, while 11% of the analysts recommend a “hold.”

    By Anuradha Garg
  • uploads///Gold versus VIX indicator
    Macroeconomic Analysis

    How Much Could Brexit and Volatility Control Gold?

    Fears in the overall financial market about a Brexit, the possible exit of Britain from the European Union, have abated. This helped gold fall.

    By Meera Shawn
  • uploads///Gold price versus DXY Currency
    Macroeconomic Analysis

    How Sentiments surrounding the Dollar Are Playing on Gold, Miners

    As the US dollar lost some ground on February 20, 2017, its weakening gave a push to gold prices. Gold rose ~0.2% over its previous trading day’s close.

    By Meera Shawn
  • uploads///Production
    Earnings Report

    Behind Kinross’s Production Growth in 2017

    Kinross Gold (KGC) produced 671,956 GEOs (gold equivalent ounces) in 1Q17, which represents a 2.3% year-over-year decline and a sequential drop of 10.0%.

    By Anuradha Garg
  • uploads///AISC
    Basic Materials

    Goldcorp’s cost reduction compared to its peers

    Goldcorp’s (GG) all-in sustaining costs (or AISC) are falling. In 2013, its AISC was $1,031 per ounce. It expects the AISC to be in the range of $950–$1,000 for 2014.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    Key Insights from Goldcorp’s 3Q17 Earnings

    Goldcorp (GG) reported its 3Q17 results after the market closed on October 25, 2017. It reported EPS (earnings per share) of $0.13, which beat analysts’ expectations by $0.02.

    By Anuradha Garg
  • uploads///Goldcorp
    Earnings Report

    What Could Affect Goldcorp Stock in 2017?

    Goldcorp’s 4Q16 results beat market expectations, mainly due to lower costs and higher gold prices. The market was happy with the company’s results.

    By Anuradha Garg
  • uploads///WTI
    Basic Materials

    Low crude oil prices impact gold

    Cheaper oil means lower inflation. This means gold should be affected negatively since it’s usually considered a hedge against inflation.

    By Anuradha Garg
  • uploads///RSI
    Miscellaneous

    Analyzing Movement in Mining Companies’ Volatility Figures

    On May 31, 2017, the implied volatilities of Royal Gold, Goldcorp, Agnico Eagle Mines, and Primero Mining stood at 26.5%, 30.7%, 32.1%, and 90.6%.

    By Meera Shawn
  • uploads///MINER
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///EBITDA Estimates
    Basic Materials

    How Analysts Expect Gold Miners’ Earnings to Progress

    Now that we’ve considered analysts’ revenue estimates for the senior gold miners under review in this series, let’s take a look at analysts’ EBITDA estimates.

    By Anuradha Garg
  • uploads///Highlights
    Basic Materials

    Key Highlights of Iamgold’s Q2 2018 Earnings

    Iamgold (IAG) generated revenues of $277.4 million in Q2 2018, which represents a YoY (year-over-year) growth of 1.1%.

    By Anuradha Garg
  • uploads///Analysts Ratings
    Miscellaneous

    How Analysts Rate Senior Gold Miners after Their 1Q17 Announcements

    Among the senior gold miners (GDX), analysts are the most bullish on Newmont Mining (NEM), giving it 53% “buy” and 42% “hold” ratings.

    By Anuradha Garg
  • uploads///correlation
    Macroeconomic Analysis

    Understanding Miners’ Correlation to Gold

    Precious metals mining shares that have high correlations with gold include Royal Gold, GoldCorp, New Gold, and Newmont Mining.

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

    Why Yamana Could Fall Harder than Its Peers if Gold Pulls Back

    Historically, Yamana Gold has lagged behind its peers. Due to its high financial leverage, it’s a higher beta play on gold compared to its peers.

    By Anuradha Garg
  • uploads///miner
    Macroeconomic Analysis

    What Does Giant Miners’ Performance Indicate?

    For mining companies, 2016 brought a ray of hope. Gold had the best quarterly performance in 30 years and silver climbed to its 11-month high.

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

    Assessing variables that drive the outlook for gold prices

    Physical buying from China and India should support the demand for gold. But a rate hike by the Fed could be the catalyst that could take gold down.

    By Anuradha Garg
  • uploads///Gold and Dollar Fluctuations
    Miscellaneous

    Precious Metal Moves on Thursday, September 28

    Gold touched a one-month low on Thursday, September 28, due to the rise of the US dollar over the speculation of another rate hike in December 2017.

    By Meera Shawn
  • uploads///Production Growth
    Basic Materials

    Which Gold Miners Could Grow Their Productions Going Forward?

    After making discretionary cuts on exploration and capex for many years, gold miners (GDX) (JNUG) have started to refocus on production growth.

    By Anuradha Garg
  • uploads///AISC
    Basic Materials

    These Gold Miners Surprised Us with Unit Costs in 3Q17

    AISC (all-in sustaining costs) are an encompassing measure that helps compare miners’ performance—a vital metric for investors. They show the company’s margin cushion at prevailing gold prices (GLD)(IAU).

    By Anuradha Garg
  • uploads///cdfcdaeddcfdcffdecc
    Macroeconomic Analysis

    Did the Precious Metals Rally Cause Miners to Run to the Hills?

    Even though precious metals miners have seen a remarkable rally in their prices, many fund managers have begun unloading their holdings in gold equities.

    By Meera Shawn
  • uploads///US NFP
    Basic Materials

    How US labor conditions impact gold investors

    It’s important to keep an eye on labor conditions since they offer a look at the future direction of gold prices and ultimately gold-backed ETFs.

    By Anuradha Garg
  • uploads///MINER
    Miscellaneous

    Why Miners Fell on Monday, January 29

    SLW and ABX saw YTD (year-to-date) losses of 2.8% and 0.83%, respectively, while GG has a YTD gain of 12%.

    By Meera Shawn
  • uploads///Valuation
    Basic Materials

    Newmont Mining’s Valuation Multiple: More Upside Potential?

    Among senior gold miners (GDX), Newmont Mining (NEM) has the second-highest forward enterprise value-to-EBITDA multiple of 8.1x.

    By Anuradha Garg
  • uploads///Gold versus VIX indicator
    Macroeconomic Analysis

    Gold Recovered as Markets Took a Breather following the Election

    After surging to multimonth highs, gold slowly retreated to its original level. Gold fell from its overnight high, and equity markets rebounded from their fall.

    By Meera Shawn
  • uploads///ABX vs GC
    Macroeconomic Analysis

    Will Falling Gold Prices Lead to More Carnage for Miners?

    Gold continues to trade at its five-year low. It’s hovering in the range of $1,100–$1,150 per ounce. Gold futures on COMEX lost 5.90% on a YTD basis.

    By Meera Shawn
  • uploads///gold price
    Macroeconomic Analysis

    Gold Demand Stays Strong in China

    After the $5 billion stock market collapse in China, investors fled to gold. Even a third straight annual decline in prices has failed to make gold lusterless in China.

    By Meera Shawn
  • Financials

    Why US public debt increased year-over-year in FY14

    U.S. public debt is the amount owed by the federal government in terms of outstanding treasury securities. For September 2014, U.S. debt to GDP was 102.9%.

    By Anuradha Garg
  • uploads///Valuation
    Basic Materials

    Which Gold Miners Could Offer Valuation Upsides after Q2 2018?

    The average ratio of the NYSE Arca Gold Miners Index and the S&P 500 Index (SPY) is 0.18 compared to the ten-year average of 0.68.

    By Anuradha Garg
  • uploads///Prod_Uodate
    Basic Materials

    Newmont Mining: Analyzing Its Production Drivers

    In the fourth quarter, Newmont Mining (NEM) produced 1.44 million ounces—a rise of 8% YoY (year-over-year).

    By Anuradha Garg
  • uploads///Kinross
    Basic Materials

    Kinross Gold Stock and Geopolitical Concerns after Q2 2018

    After significantly outperforming peers in 2017, Kinross Gold (KGC) has underperformed this year.

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

    Key Highlights from IAMGOLD’s Q3 2018 Earnings

    IAMGOLD (IAG) generated revenue of $244.8 million in the third quarter, a YoY (year-over-year) fall of 9%.

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

    Coeur Mining Stock Fell despite Q2 2018 Beat

    Coeur Mining (CDE) reported its second-quarter earnings on July 25 after the market closed. The company reported an EPS of $0.01.

    By Anuradha Garg
  • uploads///Production
    Earnings Report

    Is There a Significant Upside to Goldcorp’s Production Guidance?

    In 2015, Goldcorp (GG) achieved record gold production of 3.5 million ounces. This is a solid 24% growth YoY. The company achieved its production guidance of 3.3–3.6 million ounces.

    By Anuradha Garg
  • uploads///performance
    Earnings Report

    Why execution is key to Barrick’s share price going forward

    Barrick’s high financial leverage is a key investor concern. Resolving this could lead to rerating of Barrick stock, a positive for Barrick’s share price.

    By Anuradha Garg
  • uploads///Gold Futures Three Day Chart and Pivots
    Basic Materials

    How Did the Bank of Japan’s Decision Play on Gold?

    Gold remained in the neutral range of $1,313–$1,319 per ounce as Bank of Japan gave its verdict, keeping the benchmark interest rate unchanged at -0.1%.

    By Meera Shawn
  • uploads///FCF
    Basic Materials

    Barrick Gold Reports Negative Free Cash Flow in Q2 2018

    Barrick Gold (ABX) generated FCF of -$172.0 million in Q2 2018, which broke its streak of 12 consecutive quarters of positive FCF.

    By Anuradha Garg
  • uploads///Senior_Changes
    Miscellaneous

    Keeping a Tab on Rating Changes in Senior Gold Mining

    Berenberg noted that recent developments at Barrick, in addition to its deleveraging and strong free cash flow generation, are positives for the stock.

    By Anuradha Garg
  • uploads///CPI
    Miscellaneous

    What Does Inflation’s Retreat Mean for Gold?

    Inflation hedge Investors tend to hold gold in their portfolios as insurance against inflation. When inflation is high, the value of paper currency, in terms of the goods and services it can buy, falls. As investors want something that doesn’t lose its value, gold usually has a direct relationship with inflation. Demand for gold increases as inflation […]

    By Anuradha Garg
  • Basic Materials

    What Goldcorp’s healthy prospects mean for investors

    Goldcorp’s asset portfolio is located in politically stable, low-risk jurisdictions in the Americas. This is one of Goldcorp’s key advantages. Many gold miners are facing political instability and taxation issues.

    By Anuradha Garg
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    Gold Fell as US Interest Rates Soared

    Investors were somewhat pessimistic about gold during the last quarter of 2016. Most of the fluctuations were due to the news of the interest rate hike.

    By Meera Shawn
  • Basic Materials

    Why India’s real interest rates are moving up, affecting gold

    Tracking China and India’s inflation figures can give you insight into gold prices’ future direction. It also provides you a look into gold-backed exchange-traded funds (or ETFs) like the SPDR Gold Shares (GLD).

    By Anuradha Garg
  • uploads///Gold Price Versus US Two and Ten year rate of Interest
    Basic Materials

    How the Rate Hike Trajectory in the United States Impacts Gold

    Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), and Gold Fields (GFI) have declined 5.2%, 5.4%, 6.2%, and 2.8%, respectively.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    Inside the May Correlation Trends for Precious Metals

    As global tumult grips markets and investors turn to mining stocks as safe havens, it’s crucial to understand which stocks are closely tied to precious metals.

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

    What Affected Goldcorp Stock in 1Q17?

    Goldcorp’s 4Q16 results beat market expectations mainly due to lower costs and higher gold prices.

    By Anuradha Garg
  • uploads///ABX_Earnings
    Miscellaneous

    Inside Barrick Gold’s Earnings: Why Analysts Have Lowered Estimates

    After outperforming peers by a wide margin, Barrick Gold (ABX) has lagged behind so far in 2017.

    By Anuradha Garg
  • uploads///GG
    Basic Materials

    Why Goldcorp Is on Many Analysts’ Wish Lists

    Currently, 20 analysts are tracking Goldcorp (GG) stock. About 70% of them are recommending a “buy,” and 25% are recommending a “hold.”

    By Anuradha Garg
  • Basic Materials

    Must-know: Why central bank policies impact gold price

    Central bank policies can have a significant impact on gold price. Central banks are a large gold holder. They own ~30,500 tons of gold. This is close to 20% of the gold ever mined. As a result, their policies on gold sales, gold purchases, and other monetary policies can have a significant impact on gold price.

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

    An Overview of OPGSX’s Precious Metal Holdings

    OPGSX may also invest up to one-fifth of its portfolio directly into gold or silver bullion and other precious metals.

    By Ivan Kading
  • uploads///Project pipeline
    Basic Materials

    Goldcorp Has One of the Industry’s Strongest Project Pipelines

    Goldcorp (GG) has one of the strongest project pipelines in the industry. These projects underpin the company’s 20% growth in reserves by 2021.

    By Anuradha Garg
  • uploads///VGPMX NAV chart
    Macroeconomic Analysis

    VGPMX Has Underperfomed the Market

    Vanguard Precious Metal and Mining Investment Fund (VGPMX) lags in diversification, as it’s a pure sector fund.

    By Ivan Kading
  • uploads///Santa Luz
    Basic Materials

    C1 Santa Luz Gets Go-Ahead, But Will It Be Positive for Yamana Gold?

    On July 28, Yamana Gold (AUY) announced the recommissioning of C1 Santa Luz, a project located in Bahia, Brazil. It was put on care and maintenance in 2014.

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

    Will Goldcorp’s All-In Sustaining Costs Be Higher than Peers’?

    Goldcorp continued with its lower cost trend, as the key cost metric AISC (all-in sustaining costs) fell 21% YoY and remained almost flat QoQ in 3Q15.

    By Steve Ariel
  • uploads///Revenue estimates
    Earnings Report

    What Do Revenue Estimates for Gold Mining Companies Point to in 2Q16?

    Wall Street analysts estimate revenue of $2.0 billion in 2Q16 for Barrick Gold (ABX), which is slightly higher than the $1.9 billion ABX earned in 1Q16.

    By Anuradha Garg
  • uploads///Will Goldcorp Provide a Strong Return
    Fund Managers

    Barclays on Goldcorp: 30% Upside from Its Current Level

    According to Barclays (BCS), Goldcorp (GG) has the potential to provide nearly 30% upside from its closing price of $13.80 on June 23, 2017.

    By Sarah Sands
  • Basic Materials

    Why increasing money supply is related to inflation

    Money supply is the total amount of currency and other liquid instruments in circulation in an economy. Money supply data is usually collected and published by the country’s central bank.

    By Anuradha Garg
  • uploads///gold  month chart  Apr
    Company & Industry Overviews

    Gold Prices: Driven by Delayed Interest Rate Hike and Weak Dollar

    Gold prices gained 1.71% YTD (year-to-date)—despite the US Dollar Index increasing by almost 9% YTD. Prices are in a long-term downtrend.

    By Gordon Kristopher
  • uploads///Senior Miners Ratings
    Miscellaneous

    As Senior Gold Miners Underperform, Which Stocks Do Analysts Like?

    North American senior gold miners (RING) had a strong run in 2016, with an average gain of 72% in the group as a whole.

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

    What Caused the Divergence Between the Performance of GDX and GLD?

    GDX has given a return of 60% YTD as of April 25, 2016, which is four times the return generated by the SPDR Gold Shares (GLD) in the same time period.

    By Anuradha Garg
  • uploads///Conclusion
    Macroeconomic Analysis

    Why Gold’s Safe-Haven Demand Remains Tepid

    Gold is often touted as the safe-haven asset that investors embrace in times of economic and political uncertainty.

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

    Gold prices hold above the key support of $1,160

    Gold April futures contracts are trading in a downward trending channel. Gold prices settled just above the key support on March 9, 2015.

    By Gordon Kristopher
  • uploads///GG
    Basic Materials

    Goldcorp’s Bright Outlook Pushes It onto Analysts’ Radar

    Goldcorp stock has lost 4.7% year-to-date through the end of September, underperforming its close peers.

    By Anuradha Garg
  • uploads///Senior analyst ratings
    Basic Materials

    Which Senior Gold Miners Are Analysts Betting On?

    As a group, the average gains of North American senior gold miners (GDX) (RING) have been muted.

    By Anuradha Garg
  • uploads///gold  day chart may
    Macroeconomic Analysis

    Gold Prices Remain Almost Flat Despite the Appreciating Dollar

    This series analyzes gold prices and market fundamentals. June gold futures trading on the COMEX slightly declined by 0.02% on May 22, 2015.

    By Gordon Kristopher
  • Basic Materials

    Why an increase in real interest rates makes gold lose its sheen

    Gold doesn’t give any returns besides appreciation. Appreciation doesn’t always happen. As a result, gold has to compete against assets that yield something. When the return on the alternate assets begins to rise, the demand for gold falls. In a scenario where the real interest rates are rising continuously, the demand for gold—as an investment—will start falling.

    By Anuradha Garg
  • uploads///Intro
    Earnings Report

    Understanding Barrick Gold’s 1Q17 Miss

    For 1Q17, ABX reported adjusted EPS (earnings per share) of $0.14, which was lower than the consensus estimate of $0.20.

    By Anuradha Garg
  • uploads///Cortez
    Basic Materials

    Barrick’s Cortez mine: Production down year-over-year

    The Cortez mine is one of the largest and lowest-cost mines in the world, with huge upside exploration potential. It is Barrick’s largest-producing mine and contributes close to 15% of the total production.

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

    Watch These Drivers in Assessing Yamana’s Future Valuation

    Yamana Gold’s (AUY) valuation multiple has varied widely between 5.1x and 15.1x.

    By Anuradha Garg
  • uploads///Godlcorp_Earnings
    Basic Materials

    Factors That Impact Goldcorp’s Earnings Estimates

    Wall Street analysts expect Goldcorp’s revenues to fall 2.3% to ~$3.4 billion in 2017.

    By Anuradha Garg
  • uploads///NEM_Earnings
    Basic Materials

    Analysts’ Estimates: Could NEM’s Near-Term Profitability Decline?

    Although 2017 has not been very good for Newmont Mining stock due to short-term issues, its outlook remains strong.

    By Anuradha Garg
  • uploads///Senior gold
    Basic Materials

    Which Senior Gold Miners Could Gain following the Fed’s Decision?

    Senior gold miners are large miners with established positions. While there are variations between different miners, as a group, they usually follow gold prices.

    By Anuradha Garg
  • uploads///Analyst reco
    Basic Materials

    Inside the Analyst Ratings for Kinross after Its 2Q16 Results

    As of July 28, 2016, Kinross Gold was trading at $5.03 per share. About 32% of Wall Street analysts covering the stock have issued “buy” recommendations.

    By Anuradha Garg
  • uploads///ABX
    Basic Materials

    Why Barrick Gold Has Lost Favor with Analysts

    According to the consensus compiled by Thomson Reuters, 22 analysts are currently covering Barrick Gold (ABX).

    By Anuradha Garg
  • uploads///Conclusion
    Macroeconomic Analysis

    Gold Appears to Be Solid for the Short Term

    If the uncertainty in the Eurozone increases, gold may rally. On the other hand, a sooner-than-expected rate hike would likely push down non-yielding assets such as gold.

    By Anuradha Garg
  • uploads///Godlcorp_Earnings
    Miscellaneous

    Behind Goldcorp’s 5-Year Plan: What’s Influencing the Analysts

    Goldcorp’s (GG) management has unveiled a plan to create value for the company over the next five years.

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

    Citi Upgrades Barrick Gold—Why the Stock Needs More to Lift Off

    Citigroup’s (C) Alexander Hacking upgraded Barrick Gold to “neutral” from “sell” on August 28 and lowered its target price from $12 to $11.

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

    Inside Gold Production in 2016

    Goldcorp’s gold production fell 16% YoY in 4Q16 to 761,000 ounces.

    By Anuradha Garg
  • uploads///AISC
    Earnings Report

    Forget Newmont’s 3Q16 Costs—They’re Going Much Lower

    For 3Q16, Newmont Mining (NEM) reported AISC (all-in sustaining costs) of $925 per ounce, which is 5% higher YoY and 6% higher quarter-over-quarter.

    By Anuradha Garg
  • uploads///Intro
    Miscellaneous

    Why Goldcorp Plans to Acquire Kaminak Gold

    On May 12, 2016, Goldcorp (GG) announced the acquisition of Kaminak Gold (KMKGF) for 520 million Canadian dollars in a share swap transaction.

    By Anuradha Garg
  • Basic Materials

    Production at Pueblo Viejo increases due to ramp-up

    Barrick Gold’s 60% share in 3Q14 production at Pueblo Viejo was 168,000 ounces, an increase of 49% from the year-ago level. The increase is because of the full ramp-up of the mine following modifications to the facilities.

    By Anuradha Garg
  • uploads///thumbs up _
    Basic Materials

    Why Investors Should Take a Look at Gold in H2 2018

    Gold prices have gone through a rough patch recently with prices closing near their seven-month lows.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    Kinross Gold’s Earnings Beat: Can It Sustain the Price Momentum?

    On August 2, 2017, Kinross Gold (KGC) achieved another earnings beat, reporting EPS of $0.04, beating earnings expectations by $0.02 for 2Q17.

    By Anuradha Garg
  • uploads///Production
    Basic Materials

    Why Barrick Gold’s Production Matters: What Could Lead to a Downgrade

    Barrick Gold (ABX) produced ~1.43 million ounces of gold in 2Q17, which represents a growth of 7% on a year-over-year basis.

    By Anuradha Garg
  • Basic Materials

    Must-know: Why US debt to GDP and gold price move together

    Debt to gross domestic product (or GDP) is the ratio that shows how much a country owes versus how much it earns. Investors use this ratio to measure a country’s ability to make future payments on its debt. This impacts the country’s borrowing costs and government bond yields.

    By Anuradha Garg
  • uploads///Greece
    Macroeconomic Analysis

    Gold sinks on Greek bailout extension

    Agreement on the Greek bailout extension sent gold reeling to under $1,200 per ounce. Highly indebted Greece now has four months to get its ducks in a row.

    By Anuradha Garg
  • uploads///Analyst Reco
    Basic Materials

    Which Gold Stocks Do Analysts Favor ahead of Q3 2018 Earnings?

    In the senior and intermediate gold miner space (GDX)(GDXJ), analysts are the most bullish on IAMGOLD (IAG), with 75.0% of analysts assigning it a “buy.”

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

    Gold Reserves Fell in 2016, But Will 2017 Be Any Better?

    Gold miners face the problem of compensating for every ounce they take out of the ground.

    By Anuradha Garg
  • uploads///Debt
    Earnings Report

    How Barrick Gold Plans to De-Lever Its Balance Sheet in 2017

    Barrick Gold has reiterated that strengthening its balance sheet is its top priority. The company achieved debt reduction of $2.0 billion in 2016.

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

    These Factors Could Turn Newmont Mining’s Fortunes around in 2019

    Newmont Mining reported EPS of $0.33, which beat the consensus estimate by $0.14. Its revenue of $1.73 billion, however, missed the mark.

    By Anuradha Garg
  • uploads///CORRELATION
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///Betas and misses
    Basic Materials

    Stock Reactions: All Beats, No Misses for Senior Gold Miners in 2Q17

    Newmont Mining (NEM), which started the gold miners’ 2Q17 earnings season on July 25, reported earnings per share of $0.46, soundly beating the consensus estimate of $0.26.

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

    An Analysis of OPGSX’s Investment Methodology

    The Oppenheimer Gold & Special Minerals Fund – Class A (OPGSX) takes an alternative approach to investing in precious metals and related securities.

    By Ivan Kading
  • uploads///gdxj
    Basic Materials

    Technical analysis update – GDX and GDXJ

    GDX consists of publicly-traded global companies. The companies are primarily involved in gold mining. It has assets worth $7.2 billion.

    By Gordon Kristopher
  • uploads///Gold Mining Stocks Have a Relatively Low Correltion with Gold
    Real Insights

    How Gold Miners Could Benefit from Deregulation

    A record number of junior companies attended the Precious Metals Summit. We are finding companies with attractive development projects in North America and West Africa as well as some exciting discoveries that merit watching.

    By VanEck
  • Basic Materials

    Comparing price movements in other commodities versus gold price

    Gold is related to silver, oil, and copper. Relationships between commodities are examined to establish if one commodity’s price can fuel another commodity’s price. For example, it’s universally acknowledged that gold and silver prices are related. Silver’s price depends on gold’s price.

    By Anuradha Garg
  • uploads///Costs
    Basic Materials

    These Issues Impacted Kinross’s Costs in 2Q16

    Kinross reported AISC of $988 per ounce in 2Q16, which is an improvement of 2.3% YoY (year-over-year) but is higher sequentially by 2.6%.

    By Anuradha Garg
  • uploads///ABX
    Basic Materials

    What to Watch for on Barrick Gold’s 1Q18 Earnings Call

    Barrick Gold (ABX) generated negative returns amounting to 9.7% year-to-date (or YTD) as of April 17.

    By Anuradha Garg
  • Basic Materials

    Must-know: Why gold is important in China

    In 2013, China passed India as the largest gold consumer. China’s private sector gold demand reached a record level of 1,132 tons in 2013. China’s middle class has been increasing. This supports gold demand. Recent research from the World Gold Council (or WGC) shows that there are 300 million people in China’s middle class. In just five years, China’s middle class is expected to grow to 500 million.

    By Anuradha Garg
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