Shares of precious metals companies are trading lower amid a pullback in gold and silver.
Portfolio Pulse from Benzinga Newsdesk
Shares of precious metals companies are trading lower due to a pullback in gold and silver prices.
September 27, 2024 | 7:57 pm
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NEGATIVE IMPACT
Agnico Eagle Mines (AEM) shares are likely to be impacted negatively due to the pullback in gold prices.
AEM is a gold mining company, and its stock price is sensitive to changes in gold prices. A pullback in gold prices typically leads to a decrease in AEM's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AngloGold Ashanti (AU) shares are likely to be impacted negatively due to the pullback in gold prices.
AU is a gold mining company, and its stock price is sensitive to changes in gold prices. A pullback in gold prices typically leads to a decrease in AU's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Coeur Mining (CDE) shares are likely to be impacted negatively due to the pullback in silver prices.
CDE is a silver mining company, and its stock price is sensitive to changes in silver prices. A pullback in silver prices typically leads to a decrease in CDE's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Newmont Corporation (NEM) shares are likely to be impacted negatively due to the pullback in gold prices.
NEM is a gold mining company, and its stock price is sensitive to changes in gold prices. A pullback in gold prices typically leads to a decrease in NEM's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wheaton Precious Metals (WPM) shares are likely to be impacted negatively due to the pullback in both gold and silver prices.
WPM is involved in both gold and silver, and its stock price is sensitive to changes in these metals' prices. A pullback in both gold and silver prices typically leads to a decrease in WPM's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80