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Analyzing the Movement in Mining Stocks in November 2017

2017-11-16 marketrealist
In order to analyze the performance of the precious metals market, it’s crucial to look at the core mining stocks and their technical details. We’ll look at technical indicators such as moving averages and YTD (year-to-date) three-month returns. (30-0)

What’s Still Keeping a Strong Hold on Precious Metals?

2017-11-16 marketrealist
Gold saw a down day on Wednesday, November 15, 2017, after two sessions of rising prices. Gold futures for December delivery were 0.41% lower for the day and ended at $1,277.70 per ounce. Silver also joined gold and retreated 0.6% to close at $17 per ounce. Palladium was almost flat, falling a marginal 0.05% to end at $985.10 per ounce. Platinum also traded lower for the day and closed at $931.50 per ounce. (8-0)

Gold Versus Equities: What’s Going On?

2017-11-15 marketrealist
The overall market environment plays a substantial role in the movement of precious metals. Soaring equities could lure investors to more risky investments, leaving behind safe-haven assets such as gold and silver. Gold and silver are famous safety assets that investors hold on to during rising unrest in the market. (27-0)

How Mining Stocks Performed in the 1st Week of November

2017-11-15 marketrealist
In order to analyze the precious metal market’s performance, it’s crucial to look at the core miners and their technical details. Here, we’ll compare the performances of AngloGold Ashanti (AU), Kinross Gold (KGC), Silver Wheaton (SLW), and Pan American Silver (PAAS). (18-0)

Kinross Gold: A Promising Turnaround Opportunity

2017-11-15 seekingalpha
Revenues for the quarter came in at $828 million, beating Street expectations. However, revenues were down 9% from the year-ago quarter. (54-0)

Kinross Gold’s Production Fell in 3Q17: Could 4Q17 Be Better?

2017-11-14 marketrealist
Kinross Gold (KGC) produced 653,993 gold equivalent ounces (or GEOs) for 3Q17, which is 4% lower than 3Q16. Lower production could be mainly due to the following: (24-0)

Can Kinross Gold Sustain Its Price Momentum after 3Q17 Results?

2017-11-14 marketrealist
Kinross Gold (KGC) reported its 3Q17 results on November 8, 2017, after the markets closed. The company held its conference call the next day to discuss the results. It significantly beat analysts’ earnings estimate. Its EPS (earnings per share) was $0.07, which was $0.05 higher than the market expectation. Its revenues of $828 million also surpassed analysts’ estimate by ~$60 million. The company also said it’s tracking toward the higher end of its production guidance range and the lower range of its cost guidance for 2017. (41-0)

Is the Options Market Predicting a Spike in Kinross (KGC) Stock?

2017-11-14 zacks
Investors in Kinross Gold Corporation (KGC - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 17, 2017 $7.00 Call had some of the highest implied volatility of all equity options today. (35-0)

Kinross Gold Corporation 2017 Q3 - Results - Earnings Call Slides

2017-11-10 seekingalpha
The following slide deck was published by Kinross Gold Corporation in conjunction with their 2017 Q3 earnings call. (7-0)

Mauritania gets staff-level approval for $163 mln 3-year IMF deal

2017-11-10 reuters
DAKAR, Nov 10 (Reuters) - The International Monetary Fund said on Friday it had reached a staff-level agreement with Mauritania for a $163-million three-year programme of reforms under an Extended Credit Facility. (7-0)

Top Analyst Upgrades and Downgrades: AMD, CVS Health, Disney, Fiat Chrysler, Kinross Gold, Kohl’s, NVIDIA and More

2017-11-10 247wallst
Stocks managed to get that elusive sell-off on Thursday over some disappointment on the timing of tax reform, and the markets looked to open marginally lower on Friday as well. Investors need to understand that stocks have been bumping up against all-time highs. Also note that this bull market is nearing nine years old now, and the trend that has dominated for more than half of that time is that investors keep managing to find new reasons to buy stocks after every sell-off. (745-4)

War Potential Makes Gold a Must-Own Asset: 4 Stocks to Buy Now

2017-11-10 247wallst
It seems cliché to say that we live in a dangerous world, but the fact of the matter is we do. With new unrest in the Middle East between Saudi Arabia and Iran, and the ongoing bellicose rhetoric from the North Korean leader, the potential for a battlefield flare-up becomes ever more possible. While it would seem that any conflict would be confined to a regional spat, the mere possibility of hostilities should be a warning sign to investors. (12-0)

Kinross Gold's (KGC) CEO Paul Rollinson on Q3 2017 Results - Earnings Call Transcript

2017-11-09 seekingalpha
Thank you for standing by, this is the chorus call conference operator. Welcome to the Kinross Gold Corporation Q3, 2017 Financial Results Conference Call. As a reminder, all participants are in listen-only-mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]. (7-0)

Gold Prices: Can Inflation Reach Fed’s Target?

2017-11-08 marketrealist
US CPI (consumer price inflation) inflation might have just started picking up pace after remaining weak for months. Inflation rose 0.5% in September compared to a 0.4% rise in August. The figure, however, was still lower than economists’ expectations of a rise of 0.6%. On an annual basis, inflation rose 2.2% in September as compared to 1.9% in August. The improvement in inflation during September is due to the rise in the gasoline index, food index, and energy index. (22-0)

What’s Affecting Gold Prices?

2017-11-08 marketrealist
While geopolitical tensions pushed gold prices above $1,300 per ounce in the middle of September, the momentum has waned since. The geopolitical concerns have subsided to an extent. Moreover, many bright spots have started emerging in the US economy. (9-0)