Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.
Portfolio Pulse from Benzinga Newsdesk
Shares of precious metals stocks are trading higher due to an increase in gold and silver prices.
October 18, 2024 | 3:02 pm
News sentiment analysis
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POSITIVE IMPACT
Agnico Eagle Mines Limited (AEM) shares are likely to benefit from the rise in gold prices.
AEM is a gold mining company, and its stock price is positively correlated with gold prices. The rise in gold prices is likely to boost AEM's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
First Majestic Silver Corp (AG) shares are likely to benefit from the rise in silver prices.
AG is a silver mining company, and its stock price is positively correlated with silver prices. The rise in silver prices is likely to boost AG's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AngloGold Ashanti Limited (AU) shares are likely to benefit from the rise in gold prices.
AU is a gold mining company, and its stock price is positively correlated with gold prices. The rise in gold prices is likely to boost AU's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coeur Mining, Inc. (CDE) shares are likely to benefit from the rise in gold and silver prices.
CDE is involved in both gold and silver mining, and its stock price is positively correlated with both metals' prices. The rise in these prices is likely to boost CDE's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DRDGOLD Limited (DRD) shares are likely to benefit from the rise in gold prices.
DRD is a gold mining company, and its stock price is positively correlated with gold prices. The rise in gold prices is likely to boost DRD's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eldorado Gold Corporation (EGO) shares are likely to benefit from the rise in gold prices.
EGO is a gold mining company, and its stock price is positively correlated with gold prices. The rise in gold prices is likely to boost EGO's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Gatos Silver, Inc. (GATO) shares are likely to benefit from the rise in silver prices.
GATO is a silver mining company, and its stock price is positively correlated with silver prices. The rise in silver prices is likely to boost GATO's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hecla Mining Company (HL) shares are likely to benefit from the rise in silver prices.
HL is a silver mining company, and its stock price is positively correlated with silver prices. The rise in silver prices is likely to boost HL's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
IAMGOLD Corporation (IAG) shares are likely to benefit from the rise in gold prices.
IAG is a gold mining company, and its stock price is positively correlated with gold prices. The rise in gold prices is likely to boost IAG's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kinross Gold Corporation (KGC) shares are likely to benefit from the rise in gold prices.
KGC is a gold mining company, and its stock price is positively correlated with gold prices. The rise in gold prices is likely to boost KGC's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
McEwen Mining Inc. (MUX) shares are likely to benefit from the rise in gold and silver prices.
MUX is involved in both gold and silver mining, and its stock price is positively correlated with both metals' prices. The rise in these prices is likely to boost MUX's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sandstorm Gold Ltd. (SAND) shares are likely to benefit from the rise in gold prices.
SAND is a gold streaming and royalty company, and its stock price is positively correlated with gold prices. The rise in gold prices is likely to boost SAND's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SSR Mining Inc. (SSRM) shares are likely to benefit from the rise in gold and silver prices.
SSRM is involved in both gold and silver mining, and its stock price is positively correlated with both metals' prices. The rise in these prices is likely to boost SSRM's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Silvercorp Metals Inc. (SVM) shares are likely to benefit from the rise in silver prices.
SVM is a silver mining company, and its stock price is positively correlated with silver prices. The rise in silver prices is likely to boost SVM's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wheaton Precious Metals Corp. (WPM) shares are likely to benefit from the rise in gold and silver prices.
WPM is a precious metals streaming company, and its stock price is positively correlated with both gold and silver prices. The rise in these prices is likely to boost WPM's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80