Sprott Gold Miners ETF
Gold Continues to Plummet as Brexit Fears Ease
Gold futures for August expiration fell 0.2% to settle at $1,270 an ounce after touching $1,263.8 on Wednesday, June 22.
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.
Gold Demand: India Supersedes China Once Again
India and China are close competitors for the title of number-one gold buyer. Together, the countries make up about 50% of the total global demand for gold.
How Do US Economic Numbers Play on Gold?
Economic data from the United States on Tuesday, July 21, 2016, on home starts and building permits affected gold and other precious metals to a certain extent.
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.
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.
Can Newmont Mining Continue Its Outperformance Going Forward?
Newmont’s gold all-in sustaining costs were 16% lower YoY. The company’s ongoing portfolio rationalization efforts should also lead to even leaner assets.
Factors That Impact Goldcorp’s Earnings Estimates
Wall Street analysts expect Goldcorp’s revenues to fall 2.3% to ~$3.4 billion in 2017.
Analyzing the Correlation Trends of Miners in May 2017
Over the past three years, Yamana has seen a rising correlation with gold, while AngloGold has seen a falling correlation to gold.
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.
How Are Analysts Rating Yamana after Its 3Q16 Results?
About 45% of analysts covering AUY have given it a “buy” recommendation. About 45% of analysts have issued a “hold.” Only 9% have issued a “sell.”
Do Goldcorp’s Earnings Estimates Reflect Analysts’ Increasing Optimism?
Goldcorp (GG) has given negative returns in 2017. Its stock has lost 6.1% of its value as compared to a gain of 12.8% in the iShares Gold Trust (GLD) and 11.1% in the VanEck Vectors Gold Miners ETF (GDX).
Gold, the Emergent Hero in 2016: Is It All Just a Sentiment Play?
The most important phenomenon impacting gold has been the hike in the US interest rate. Now, constant speculation regarding the timing of the next rate hike is driving gold returns.
Gold’s Modest Response to Europe’s Localized Risks
It seems that every time new, scary headlines emerge, press articles declare that gold no longer serves as a safe haven.
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.
How Are Miners Tracking Their Correlation to Gold?
Precious metals mining stocks are tied to metals. In order to understand precious metals’ performance, it’s crucial to analyze precious metal companies.
Where Are Gold Charts Pointing?
Gold has been falling since touching its one-and-a-half month peak last week after Republican representative Donald Trump was elected president of the United States.
Wagers on Gold Drop: What’s Next?
After the Fed hinted that it could raise interest rates as early as June, hedge funds and money managers cut their bullish bets on gold futures and options to the lowest in almost two months.
How Dollar Weakness Prompted Gold’s Rise
The most recent fall of the US dollar against the basket of six major world currencies gave further support to dollar-denominated precious metals.
Which Gold Miners Could Show Free Cash Flow Upside in 2019?
FCF (free cash flow) generation is quite important for gold mining companies (SGDM) (GDX).
Why Did Barrick Gold’s Reserves Fall in 2018?
At the end of 2018, Barrick Gold (GOLD) reported mineral reserves of 64.5 million ounces—a decline of 3.4% YoY.
Barrick Gold’s Valuation Multiple: Upside in 2019?
Among senior miners (GDX), Barrick Gold (GOLD) has the highest EV-to-EBITDA multiple of 8.4x—a premium of 29% to its historical multiple.
Newmont Mining’s Reserves Fell during 2018
Newmont Mining (NEM) reported reserves of 65.4 million ounces for 2018—4.5% lower compared to 2017.
Can Barrick’s Valuation Rerate Further after the Merger?
Among senior miners (GDX), Barrick (GOLD) has the second-highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 6.6x.
Assessing Miners’ Relative Strength Index Scores
Markets were full of geopolitical tensions in April, boosting precious metals and miners’ stock prices.
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.
Reading the Mining Stocks’ Technicals on May 2
ABX, HL, EGO, and IAG have implied volatilities of 26.3%, 43.5%, 60.4%, and 40.1%, respectively.
How Have Miners’ Correlations with Gold Been Moving in 2018?
Among these four miners, Newmont has shown the highest correlation to gold, while Franco Nevada has seen the lowest correlation on a YTD (year-to-date) basis.
A Look at Miners’ Volatility in April 2018
The recent unrest in the markets has had a significant effect on precious metals and mining companies.
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).
How Mining Stocks Have Performed in April So Far
Initially, the Fed’s decision to raise the interest rate didn’t affect miners and metals much.
How Are Miners Correlated to Gold in 2018?
This year, AngloGold has shown the highest correlation with gold, while Hecla Mining has shown the lowest correlation.
Comparing Mining Stocks’ Correlation with Gold
Mining stocks tend to move with gold prices. In this part, we’ll analyze the correlation between gold and four mining stocks.
A Look at the Year-to-Date Correlation of Miners in 2018
GOLD’s correlation with gold has dropped from a three-year correlation of 0.74 to a one-year correlation of 0.60.
A Look at Miners’ Recent Correlations with Gold
Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals.
How Miners Correlate with Gold
Precious metal mining stocks tend to take their cues from gold prices.
How Miners’ Correlation Is Moving in 2018 so Far
Precious metal mining stocks tend to take their cues from gold prices. Gold is the most crucial of the four precious metals, and its direction becomes the direction for the other three metals most of the time.
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.
Reading the Technicals and Price Movements of Mining Stocks
In this article, we’ll do a technical analysis of a few select mining stocks. When investing in mining stocks, it’s crucial to read their indicators.
Is Gold Keeping Tabs on the US Interest Rate?
As we know, precious metals are closely tied to movements in US interest rates. Bonds and equities are both yield-bearing assets, so a rise in yields often causes a slump in demand for assets such as gold and silver.
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.
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.
Technicals for Mining Shares and How They’re Moving
Precious metals, especially gold, reported good returns for 2017. However, the year was a roller coaster ride due to global and political unrest.
Analyzing the Correlation between Miners and Gold in January
Most mining stocks have risen over the past one month due to the revival in gold prices.
How Do Miners’ Technical Details Look?
Most of the mining companies have risen during the past few weeks. The miners tend to move according to precious metal prices rather than the equities market in general.
Correlation Reading of Miners and Funds in the Last 3 Years
During the past year, IamGold has seen the highest correlation to gold, while Eldorado Gold has the lowest correlation.
Reading Key Mining Stock Technicals as of December
Most of the mining companies have increased during the past two weeks due to the rise of gold and silver.
Will Gold Maintain Its Close Correlation to Inflation?
The rise in inflation could be a positive sign for the current scenario.
Investors Anticipate Higher Dividends from Newmont Mining in 2018
Newmont Mining has been paying higher dividends every year. In 2014, it paid 10.0 cents per share, followed by 12.5 cents in 2015 and 25.0 cents per share in 2016.
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.
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.
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.
How Giant Mining Stocks Are Moving: Technical Insights
Among the four miners we’re covering, Goldcorp and Barrick have YTD (year-to-date) losses of 12.9% and 14.6%, respectively.
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).
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.
Gold Miners: Catalysts for Free Cash Flow Generation in 2018
Generating FCF (free cash flow) is important for gold mining companies (SGDM)(GDX). This excess cash helps miners optimize their financial leverage, invest in projects that can drive long-term value, and provide shareholder returns.
A Brief Correlation Analysis of a Few Select Miners
Barrick Gold has seen a declining trend in its correlation to gold over the past three years, while the other three miners witnessed a mixed trend in correlation.
What the Miners’ Correlation Figures Indicate
If we look at the one-year correlation of miners, Barrick Gold has the lowest correlation with gold, while Eldorado Gold has the highest.
Important Technical Indicators for Mining Stocks
We’ll look at a few technical readings for mining stocks, including their RSI (relative strength index) levels and call-implied volatilities.
The Technical Details of Mining Shares
During the past 30 trading days, Sibanye Gold and Silver Wheaton have a 30-day trailing gain of 10.5% and 1.3%, respectively.
A Quick Look at Mining Stocks’ Technicals
Before investors park their money in mining stocks, there are a few key indicators to consider. Let’s look at call-implied volatility and RSI (relative strength index) scores.
Directional Trend in Correlation of Miners: An Analysis
A study of the correlation of mining shares to gold is important since it gives investors an idea of the directional move of miners compared to gold.
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.
A Brief Analysis of Mining Stocks in November 2017
On November 7, Agnico-Eagle Mines (AEM), Yamana Gold (AUY), Hecla Mining (HL), and Harmony Gold (HMY) had implied volatility readings of 33.6%, 48.4%, 36.3%, and 53.3%, 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.
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.
What Mining Stock RSI Indicators Tell Us
On November 1, Alamos Gold, B2Gold, Newmont Mining, and Franco-Nevada had implied volatility readings of 46.9%, 54.8%, 25.9%, and 25.5%, respectively.
Analyzing Miners’ Trends in October
Mining stocks’ correlation with precious metals Most of the time, mining stocks’ performance follows that of precious metals. However, they can deviate. Correlational analysis can give investors some insight into how mining stocks relate to gold and silver. In this part of our series, we’ll compare Royal Gold (RGLD), Goldcorp (GG), New Gold (NGD), and Newmont Mining (NEM). Mining […]
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.
How Mining Stocks Have Moved in October 2017
Precious metals had a mixed reaction on Wednesday, October 25, 2017, and so did mining stocks.
October 2017: How Do Mining Stocks Correlate with Gold?
On a YTD basis, the correlation of mining stocks with gold seems to be weak compared to the previous year.
Reading Mining Stock Movements in Relation to Moving Averages
On Monday, October 23, precious metal mining stocks saw a down day, despite the flat day for gold and silver.
What Miners’ Relative Strength Levels Indicate
The RSI levels of AGI, AG, BTG, and NGD are currently 62.3, 47.2, 35.9, and 53.1, 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.
The Ups and Downs of Mining Shares in October 2017
Mining shares had a mixed pattern in their price reactions on Wednesday, October 11, 2017.
How Miners’ Correlations with Gold in the Past Year Have Trended
On a YTD basis, First Majestic has the lowest correlation to gold, while Primero Mining has the highest correlation to gold.
Miners and Their Correlation Trends in 2017
Alamos Gold has the lowest correlation with gold this year, while Agnico Eagle Mines has the highest correlation.
What Influences the Rise and Fall of Gold?
If higher cash flows are offered on Treasuries, chances are that investors could switch to yield-bearing assets and desert precious metals.
Technical Analysis of 4 Mining Shares on Monday, October 2
On October 2, 2017, Silver Wheaton, Randgold Resources, AngloGold Ashanti, and IamGold had implied volatility readings of 30.8%, 25%, 40.9%, and 44.3%, respectively.
Precious Metals in September: A Review
The negative sentiment toward gold prevailed on Friday, September 29, the last trading day of the month. Gold futures for November expiration fell 0.3%.
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.
Reading the Ups and Downs of Mining Stocks in September 2017
Most mining stocks had seen good days over the past month, but the past week has turned choppy.
Reading Miners’ Gold Correlation Trends
Correlation trends On September 26, precious metals and mining stocks fell. Analyzing mining stocks’ correlation with gold is important since it can give some idea of future stock movement. In our analysis, we’ll focus on Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC). Mining funds track precious metals and their price movements. Whereas the Global […]
Understanding Mining Company Technicals amid Today’s Turbulence
Many mining stocks saw a revival in prices on Monday, September 25, 2017, since precious metals saw an upswing.
Could Kinross Gold’s Expansion Plans Provide a Boost to Its Valuation?
Kinross Gold’s discount started falling in 2017, as it has demonstrated that it can cut costs, improve its production growth profile, and reduce its risk exposure.
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.
How Miners’ Correlation Is Moving in 2017
In this part of our series, we’ll look at the relationships that some miners have with the precious metals they mine.
A Correlation Study of the Major Mining Stocks
The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners ETF (SGDM) fell 4.6% and 3.7%, respectively, on a five-day trailing basis due to the slump in gold and silver.
Which Miners Have an Upward Scaling Correlation to Gold?
In this part of the series, we’ll look at mining stocks’ correlations with precious metals by comparing their price movements.
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.
Analyzing Miners’ Volatilities and RSI Levels
In this part of the series, we’ll look at volatility figures and RSI (relative strength index) scores for major miners.
Comparing Mining Stocks’ Volatility
Miners’ technicals Most precious metal miners’ prices have risen over the past few weeks. Rises and falls in precious metals are often reflected in mining stocks since precious metals are their core products. In this part of the series, we’ll look at some important technical indicators, including volatility figures and RSI (relative strength index) scores, for major mining […]
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 […]
What Are the Technical Indicators of Mining Stocks?
Most precious metal miners have seen an upswing in prices over the past few weeks. The rises and falls in precious metals are often reflected in mining stocks.
Chart in Focus: Miners’ Technical Indicators
On September 1, 2017, Franco-Nevada, Randgold Resources, Yamana, and AngloGold had volatilities of 34.0%, 37.9%, 58.2%, and 51.5%, respectively.
Free Cash Flow Catalysts for Gold Miners in 2017 and Beyond
Barrick Gold’s (ABX) FCF was 84% lower year-over-year in 2Q17 at $43 million.
Mining Shares’ Performance in the First Week of August
Most mining shares saw a downturn in their price on August 3 as precious metals also fell. The past few weeks were beneficial for miners.
How Are Miners’ Volatility Numbers Moving?
Precious metal miners closely follow fluctuations in gold. However, on July 27, 2017, gold prices rebounded and many miners fell.
Correlation Analysis of Precious Metal Miners as August Begins
Among our precious metal miners, Buenaventura Mining has the highest correlation with gold, while AngloGold Ashanti has the lowest correlation.
How the US Dollar Affected Gold
The US dollar has been on a downward swing over the past week.