Shares of precious metals stocks are trading higher amid a rise in gold prices, which gained amid a drop in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Precious metals stocks are trading higher due to a rise in gold prices, which gained amid a drop in Treasury yields. Stocks mentioned include AU, BHP, DRD, GFI, HL, HMY, SBSW, WPM.
August 23, 2023 | 5:20 pm
News sentiment analysis
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POSITIVE IMPACT
AngloGold Ashanti's stock is trading higher due to the rise in gold prices.
As a gold mining company, AngloGold Ashanti's stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
BHP's stock is trading higher due to the rise in gold prices.
As a company involved in the mining of precious metals, BHP's stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
DRDGold's stock is trading higher due to the rise in gold prices.
As a gold mining company, DRDGold's stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Gold Fields' stock is trading higher due to the rise in gold prices.
As a gold mining company, Gold Fields' stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Hecla Mining's stock is trading higher due to the rise in gold prices.
As a company involved in the mining of precious metals, Hecla Mining's stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Harmony Gold's stock is trading higher due to the rise in gold prices.
As a gold mining company, Harmony Gold's stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sibanye Stillwater's stock is trading higher due to the rise in gold prices.
As a company involved in the mining of precious metals, Sibanye Stillwater's stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wheaton Precious Metals' stock is trading higher due to the rise in gold prices.
As a company involved in the mining of precious metals, Wheaton Precious Metals' stock price is directly influenced by the price of gold. The rise in gold prices has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100