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Inflation continues to run hot and cast a shadow of uncertainty over the stock market. The latest data from the Bureau of Labor Statistics shows that the consumer price index, a measure for tracking inflation, rose 8.6% year over year in May and 1% compared to April. With inflationary p...
Consumer staples stocks served their purpose as safe havens amid market volatility on Friday. An overheated CPI print on Friday morning prompted a widespread selloff that hit everything from tech to energy to financials. Amid the bearish action, only a select few S&P stocks were left hang...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Although precious metals-related investments have been relatively disappointing over the trailing two years, the best gold stocks to buy could make a significant comeback due to myriad factors, most notably inflation. Rec...
Over the last 10 years, the price of gold has returned more than 15% annually in terms of the U.S. dollar. However, shares in companies that produce the precious metal have found it hard to keep pace with the value of the commodity. Newmont Corporation (NYSE: NEM) (TSX: NGT) and Barric...
Although Newmont's earnings and sales missed estimates in Q1, profitability continues to improve. The breakout on the technical chart is bullish for NEM. Near-term historic valuation multiples are insignificant due to the doldrums this sector was in for multiple years. For f...
Revenues were $1,325.69 million, up 39.6% compared to the same quarter a year ago and up 39.7% quarter over quarter. Agnico Eagle had gold production this quarter. Production was 660,604 Au Oz from 541,663 Au ounces the preceding quarter. I recommend buying AEM at or below $51 wit...
This article is part of our monthly series where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms. It's always a good idea to keep your wish list ready by separating the wheat from the chaff. ...
Vancouver, Kelowna, Delta, BC - June 3, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast , featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus ...
Rio Tinto offers perfect diversification. The materials sector comprises just 2.8% of the S&P 500 index, while the metals and mining subsector accounts for only 0.3% of the market. The company produced $25 billion of cash flow in 2021 compared to $6 billion for Salesforce, which i...
Gold posted its highest close in nearly a month on Thursday, gaining as investors sought the safe-haven asset after the latest U.S. economic data signaled a softening economy and a tight job market, while Treasury yields and the dollar fell. Comex gold (XAUUSD:CUR) for August delivery closed ...
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2024-07-25 10:00:08 ET Jackie Przybylowski from BMO Capital issued a price target of $57.00 for NEM on 2024-07-25 08:39:00. The adjusted price target was set to $57.00. At the time of the announcement, NEM was trading at $47.7. The overall price target consensus is at $6...
We have seen the Federal Reserve increase rates of interest and hold those rates to deal with inflation over the years. During this period, the price of gold has been strong, with the metal recently reaching a new level of more than $2,400 in May. While the yellow metal’s price has dro...
2024-07-10 11:00:22 ET Anita Soni from CIBC issued a price target of $61.00 for NEM on 2024-07-10 09:46:00. The adjusted price target was set to $61.00. At the time of the announcement, NEM was trading at $45.355. The overall price target consensus is at $66.46 with high...