Global X Silver Miners ETF
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.
Technical Indicators of Mining Stocks in 2016
Most mining companies are trading below their 100-day moving averages. A few months ago, they were trading at discounts compared to their significant premiums.
Palladium Trades at Multiyear Low Owing to Chinese Slump
Palladium has seen six out of seven down trading days as of January 12. The recent stock market slump in China, which caused global tumult, hurt palladium.
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.
How Rebounding Equities Are Affecting Precious Metals
Compared to the substantial gains in precious metals on Tuesday, the gains yesterday were muted. How come?
How the Dollar’s High Jump Pushes Precious Metals Down
The US dollar rose sharply on November 4. Precious metals have overall seen a volatile past month, but on November 4, palladium dropped the most by 12.10%.
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.
Gold Performance Versus Other Investments in 1H17
Factors impacting gold in 1H17 are a weaker US dollar, geopolitical uncertainties, higher interest rates, and expectations for Trump’s agenda.
How the Surging US Dollar Has Kept Precious Metals in Its Grip
Gold prices once again retreated on Friday, November 25, by $10.3 to close at $1,179 an ounce—the lowest level that gold has seen since February.
The Brightest Day for Mining This Week—So Far
Randgold Resources, AngloGold Ashanti, Hecla Mining, and IAMGOLD have risen 30.7%, 17.9%, 13%, and 31.4% YTD, respectively.
Can Coeur Mining’s Production Levels Keep Accelerating?
In 1Q16, Coeur’s silver and gold production was slightly lower than market expectations. It produced 3.4 million ounces of silver and 78,000 ounces of gold.
Why Did Gold Have the Best Month in Almost 4 Years?
Despite the losses on February 26, the precious metals maintained substantial gains for February. Gold had the best month in almost four years.
What Made Coeur Mining Change Its Production Guidance?
Coeur Mining (CDE) achieved a quarterly silver equivalent production of 8.9 million SEO (silver equivalent ounces) in 2Q17.
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.
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%.
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.
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.
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.
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.
Why Are Gold ETFs Losing Their Allure?
With declining gold prices, the most famous gold ETF, the SPDR Gold Shares ETF (GLD), has also lost its allure. It’s trading at lower volume.
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.
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.
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.
How Has the Analyst Sentiment Changed for Silver Miners?
Among primary silver miners, Tahoe Resources (TAHO) seems to be an analyst favorite, with the highest “buy” ratings at 100% and no “sell” ratings.
What Put Coeur Mining in 2nd Place?
Right now, of the nine Wall Street analysts covering CDE stock, according to Thomson Reuters, 78% recommend a “buy,” while 22% recommend a “hold.”
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.
What’s Driving Silver’s Growth?
Silver has successively risen in the current year and is now the best-performing precious metal.
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.
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.
Gold Fell as Economic Data Posted a Little Strength
US economic data that came out on Friday, July 8, 2016, had a significant impact on gold.
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.
Are Silver Mining Stocks Attractive amid a Bullion Rally?
Silver has shown a decent uptrend since December. Easing trade relations with China was one of the important factors driving silver prices.
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.
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.
Are Royalty and Streaming Stocks a Safe Bet in 2018 and Beyond?
Royalty and streaming mining companies’ (GOAU) (SIL) multiples are usually higher than those of their mining peers.
Why Coeur Mining Has Climbed the Ranks among Analysts
Year-to-date, Coeur Mining (CDE) has almost matched the performance of the Silver Miners Index (SIL) with losses of 25%.
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.
Can Tahoe Resources Regain Analysts’ Lost Favor?
YTD (year-to-date), Tahoe Resources (TAHO) has had the worst performance of all silver miners with losses of 44%.
What’s Baked into Analysts’ Pan American Silver Ratings?
Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD.
Why Analysts Are Optimistic about Coeur Mining
On a YTD basis, Coeur Mining (CDE) has almost matched the performance of the Silver Miners’ Index (SIL) with losses of 27.1%.
How Do Analysts Rate Silver Miners?
In 2018 so far, silver prices have significantly underperformed gold prices.
What’s the Correlation of Miners in 2018?
The revival in precious metals on Friday caused a rebound in miners. But the fall on Monday again caused mining stocks to plummet.
Why Tahoe Resources Has Lost Favor with Analysts
YTD, Tahoe Resources (TAHO) has risen 3.5%. Its “buy” ratings are only better than Hecla Mining (HL).
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%.
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.
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.
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.
These Mining Stocks Are Following Gold Closely
Over the past three years, AEM, FNV, and ABX have seen a declining correlation to gold.
A Look at the Technicals of Miners in May
In the last month, Yamana Gold and Anglo Ashanti fell 3.1% and 7.7%, respectively, while Barrick Gold and Hecla Mining rose 0.15% and 4.0%.
Assessing Miners’ Relative Strength Index Scores
Markets were full of geopolitical tensions in April, boosting precious metals and miners’ stock prices.
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%.
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.
Gold and Dollar Moved Together on Wednesday
A crucial factor that continues to affect gold is the US dollar.
Analyzing Miners’ Implied Volatility
Recently, the unrest in the markets has had a big effect on precious metals and the US dollar.
Finger on the Pulse: Miners’ Correlation in April so Far
In this part of our series, we’ll analyze the correlation between gold and four mining stocks: Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold, (KGC), and Alacer Gold (ASR).
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.
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.
Analyzing the Volatility in Precious Metals Mining Companies
With more interest rate hikes likely to come in 2018, analysts expect precious metals and miners to underperform.
A Look at Miners’ Technical Details
On Wednesday, March 14, 2018, precious metals fell, but miners had a mix of ups and downs.
Miners’ Volatility Indicators this Month
Precious metal miners had a reasonably good start to 2018. Overall, on a YTD (year-to-date) basis, precious metals’ reactions have been mixed.
How Silver Miners Have Performed in March 2018
On March 6, all four precious metals had an up day, which also led to gains for miners.
Mining Stocks’ 2018 Technical Readings
Precious metal miners had a reasonably good start to 2018. Overall, on a YTD (year-to-date) basis, precious metals’ reactions have been mixed.
How Precious Metal Mining Shares Correlate to Gold Prices
Barrick Gold has the highest correlation to gold of 0.88 on a YTD (year-to-date) basis, while Eldorado Gold has the lowest correlation.
Miners’ Correlations and How They’re Moving in February
On a YTD basis, AngloGold has a correlation of 0.96 to gold, while Agnico-Eagle Mines’ correlation is 0.80.
How Precious Metals Are Moving versus Market Indicators
Precious metals’ reaction was also due to economic numbers indicating the health of the US economy in general.
How Mining Stocks Are Moving with Their Technicals
Miners had a good start in 2018. However, they later faced a carnage, mainly due to the rising strength of the US dollar.
The Performance of Mining Stocks in January 2018
SBGL, PAAS, and AU have increased 0.80%, 7%, and 16.7%, respectively, on a 30-day trailing basis.
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.
A Look at Coeur Mining’s Production Guidance for 2018
Coeur Mining (CDE) reported a record quarterly silver equivalent production of 11.7 million ounces in 4Q17.
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%.
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 Are Miners’ Correlations to Gold Trending?
Mining stocks tend to take their cues from 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.
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.
How Mining Stocks Have Performed in January So Far
SLW, GOLD, ABX, and BVN have call implied volatilities of 30.8%, 23.9%, 24.5%, and 30.8%, respectively.
What’s the 3-Year Correlation between Miners and Gold?
Gold is the most influential precious metal, and most miners follow its price trends.
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.
A Look at the Gold Spreads at the End of 2017
A gold-silver spread of 77.3 suggests that it requires almost 78 ounces of silver to buy a single ounce of gold.
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.
Miners: Analyzing Core Indicators for Investors
A brief analysis of mining stocks is crucial when investors are parking their money in the precious metals market, specifically in mining companies.
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.
Correlation and Mining Stocks this Month
We’ll briefly analyze mining stocks’ correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from 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.
What Are Miners’ Correlation Trends?
Gold is the most dominant among the four precious metals. It’s important that investors analyze how miners are moving compared to precious metals.
Here’s What Drove Coeur Mining’s Free Cash Flow Year-to-Date
Coeur Mining’s (CDE) management is focused on generating significant FCF (free cash flow). For 3Q17, however, the company didn’t generate any positive FCF.
Coeur Mining: What Could Lead to Cost Improvement in 2018
Coeur Mining (CDE) reported AISC (all-in sustaining costs) of $15.18 per ounce for 3Q17.
Why Coeur Mining Lowered Its Production Guidance
Coeur Mining (CDE) achieved silver equivalent ounces of 9.5 million for 3Q17. That is comprised of silver production of 4 million ounces and 93,293 ounces of gold.
What Factors Could Drive Coeur Mining Stock in 2018?
Coeur Mining (CDE) was one of the stocks to gain significantly in 2016, rising ~270%. The situation in 2017 has reversed completely.
A Brief Analysis of the Miners in November 2017
RGLD, GG, SBGL, and GOLD reported RSI levels of 52.5, 62.7, 49.2, and 81.4, respectively.
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.
How the Higher Dollar Has Affected Precious Metals
Precious metal slump All four precious metals saw a down day on Monday, November 20. Gold fell 1.6% to $1,275.30 per ounce, after touching a one-month high on Friday, November 17. The fall in precious metals was most likely due to the rise in the US dollar. The US Dollar Index rose 0.45% on Monday. Gold, silver, platinum, […]
The Directional Correlation Move of Mining Stocks in 2017
If we look at the one-year correlation of miners, Barrick Gold has the lowest correlation with gold, while Yamana has the highest.
A Quick Look at Miners’ Recent Performance
Precious metal miners saw mixed performance on Tuesday, November 14. Gold and silver saw an up-day while platinum and palladium were low.
Mining Stocks: Analyzing the Technical Details
In this part, we’ll concentrate on the technical readings of key mining stocks, including their call implied volatilities and RSI (relative strength index) levels.
Behind the Technical Details of Key Mining Stocks Today
The Sprott Gold Miners (SGDM) and Global X Silver Miners (SIL) have fallen 0.21% and 1.9%, respectively, on a 30-day-trailing basis.
Analyzing the Correlation Trends of Mining Shares in November
The mining-based funds that have strong correlations with precious metals include the VanEck Vectors Gold Miners ETF (GDX) and the Global X Silver Miners ETF (SIL).
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.
Analyzing the Correlation of Mining Stocks to Gold
Kinross Gold’s correlation has risen from a three-year correlation of 0.69 to a one-year correlation of 0.77, which suggests that Kinross has moved in the same direction as gold 77% of the time.