Shares of precious metals stocks are trading higher as gold and silver gain amid a drop in the US dollar following soft June inflation data.
Portfolio Pulse from Benzinga Newsdesk
Precious metals stocks are trading higher as gold and silver prices increase due to a drop in the US dollar following soft June inflation data. Stocks mentioned include AEM, AU, FSM, GATO, GFI, GOLD, HL, HMY, NEM, PAAS, SBSW, WPM.
July 12, 2023 | 3:50 pm
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POSITIVE IMPACT
AEM's stock price is likely to increase in the short term due to the rise in gold and silver prices.
AEM is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AU's stock price is likely to increase in the short term due to the rise in gold and silver prices.
AU is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
FSM's stock price is likely to increase in the short term due to the rise in gold and silver prices.
FSM is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
GATO's stock price is likely to increase in the short term due to the rise in gold and silver prices.
GATO is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
GFI's stock price is likely to increase in the short term due to the rise in gold and silver prices.
GFI is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
GOLD's stock price is likely to increase in the short term due to the rise in gold and silver prices.
GOLD is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
HL's stock price is likely to increase in the short term due to the rise in gold and silver prices.
HL is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
HMY's stock price is likely to increase in the short term due to the rise in gold and silver prices.
HMY is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
NEM's stock price is likely to increase in the short term due to the rise in gold and silver prices.
NEM is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
PAAS's stock price is likely to increase in the short term due to the rise in gold and silver prices.
PAAS is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SBSW's stock price is likely to increase in the short term due to the rise in gold and silver prices.
SBSW is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
WPM's stock price is likely to increase in the short term due to the rise in gold and silver prices.
WPM is a precious metals company. The rise in gold and silver prices is likely to increase the company's revenues, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100