Shares of precious metals stocks are trading lower amid a pullback in the price of gold and silver.
Portfolio Pulse from Benzinga Newsdesk
Shares of precious metals stocks are trading lower due to a decrease in the price of gold and silver, affecting a broad range of companies in the sector.
April 22, 2024 | 10:51 am
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NEGATIVE IMPACT
First Majestic Silver Corp's stock is trading lower in response to falling silver prices.
As a company primarily involved in silver mining, AG's stock price is highly sensitive to changes in silver prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Barrick Gold Corporation's shares are down due to the decrease in gold prices.
Barrick Gold Corporation, being one of the largest gold mining companies, is directly impacted by the market price of gold.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Newmont Corporation's stock is negatively affected by the current downturn in gold prices.
As a leading gold producer, Newmont Corporation's financial performance is closely tied to gold market dynamics.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80