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Sep 16, 2023

Copper Group's Stellar +6.07% Gain! $BHP, $FCX, $VALE, $NEM, $GOLD and More!

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📈 Copper Sector Sees Remarkable +6.07% Weekly Gain!

The Copper sector has exhibited positive momentum in recent times, reflecting a broader industrial demand. Let's delve deeper into the dynamics of this crucial sector.

Tickers Of This Group:

$GOLD - $FCX - $HBM - $BHP - $VALE - $SCCO - $NEM - $MLI - $RIO - $WIRE - $PAAS - $TECK - $NEXA

🔍 Theme Description:

The copper theme includes companies like $FCX (Freeport-McMoRan), $BHP (BHP Group), $NEM (Newmont Mining), and $VALE (Vale) at its core. These firms not only mine copper but also often have interests in gold mining. Given copper's tag as an industrial metal, it relies heavily on economic growth to drive its demand. Unlike gold, which is a safe haven during tumultuous times, copper's appeal grows with expanding economies.

🌍 Market Cap Insights:

The collective market cap of the copper sector averages at 25.9B. With $BHP leading at a massive 142.6B and $AAU at the other end of the spectrum with 16.1M.

Highlight: $BHP saw a considerable surge, with its market cap jumping by $60.7B on 7/7/23.

📈 Price Movements:

Over the past week, copper stocks experienced an average growth of 7.11%. The monthly growth was even more impressive at 9.57%. A standout was $NAK with a whopping 31.02% price growth.

Spotlight: $FCX and $HBM were among the top weekly gainers, surging by +8.24% and +6.84%, respectively.

🔊 Volume Fluctuations:

Interestingly, there was a decline in average weekly volume by -44.35% across the board in the copper sector. The most significant spike was observed for Nexa Resources SA, with a daily growth of 813% of the 65-Day Volume Moving Average.

📊 Fundamental Analysis Ratings:

  • Valuation Rating: 32
  • P/E Growth Rating: 42
  • Price Growth Rating: 50
  • SMR Rating: 78
  • Profit Risk Rating: 55
  • Seasonality Score: -17

🎖 Ticker Descriptions:

  • $GOLD: The Momentum Indicator suggests a new upward trend, with 74% success odds based on past similar events. The current price at $16.64 indicates a potential upward movement.

  • $BHP: A new upward move is signaled with the Momentum Indicator, with a 73% chance of success. Trading between resistance and support lines, it recently experienced a +6% uptrend.

  • $SCCO: Recently moved above its 50-day MA, indicating a potential uptrend. The stock has an 80% chance of continuing this upward trajectory.

  • $NEM: RSI Indicator indicates a possible shift from a downtrend to an uptrend, with an 83% success rate from past data.

  • $MLI: With the Stochastic Oscillator leaving the oversold territory, the stock might be in for an uptick. There's a 75% chance for this positive momentum.

  • $VALE: One of the top monthly gainers, with a significant +17.36% increase.

  • $NEXA: MACD Histogram turned positive recently, indicating a bullish sentiment with an 89% success rate based on past similar instances.

  • $WIRE: The stock moved above its 50-day Moving Average, suggesting a possible change in trend with a 73% success rate from past data.

The copper sector, with its pivotal role in the industrial domain, has showcased strong performance in recent times. The upward trends across several major tickers suggest that now might be a favorable time for investors. Remember, always consider market research and consult with financial advisors before making any investment decisions.

Related Ticker: GOLD, FCX, HBM, BHP, VALE, SCCO, NEM, MLI, RIO, WIRE, PAAS, TECK, NEXA

GOLD in downward trend: price expected to drop as it breaks its higher Bollinger Band on September 15, 2023

GOLD broke above its upper Bollinger Band on September 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 38 similar instances where the stock broke above the upper band. In of the 38 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GOLD as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GOLD turned negative on September 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

GOLD moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GOLD's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOLD advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 236 cases where GOLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.195) is normal, around the industry mean (9.875). P/E Ratio (274.167) is within average values for comparable stocks, (67.764). Projected Growth (PEG Ratio) (1.311) is also within normal values, averaging (5.008). Dividend Yield (0.029) settles around the average of (0.050) among similar stocks. P/S Ratio (2.539) is also within normal values, averaging (146.113).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GOLD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Newmont Corp (NYSE:NEM), Barrick Gold Corp (NYSE:GOLD), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), Kinross Gold Corp (NYSE:KGC), Pan American Silver Corp (NYSE:PAAS), SSR Mining (NASDAQ:SSRM), Hecla Mining Company (NYSE:HL), FIRST MAJESTIC SILVER Corp (NYSE:AG).

Industry description

The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.

Market Cap

The average market capitalization across the Precious Metals Industry is 902.39M. The market cap for tickers in the group ranges from 575 to 47.49B. ZIJMY holds the highest valuation in this group at 47.49B. The lowest valued company is DRIFF at 575.

High and low price notable news

The average weekly price growth across all stocks in the Precious Metals Industry was -2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 7%. VGGOF experienced the highest price growth at 205%, while NCMBF experienced the biggest fall at -70%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was 28%. For the same stocks of the Industry, the average monthly volume growth was 16% and the average quarterly volume growth was -13%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 75
Price Growth Rating: 64
SMR Rating: 88
Profit Risk Rating: 87
Seasonality Score: -13 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a miner and explorer of gold

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
161 Bay Street, Brookfield Place
Phone
+1 416 307-7405
Employees
22600
Web
https://www.barrick.com
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GOLD and

Correlation & Price change

A.I.dvisor indicates that over the last year, GOLD has been closely correlated with AEM. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOLD jumps, then AEM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GOLD
1D Price
Change %
GOLD100%
-2.19%
AEM - GOLD
88%
Closely correlated
-3.23%
RGLD - GOLD
86%
Closely correlated
-1.59%
NEM - GOLD
86%
Closely correlated
-2.67%
KGC - GOLD
86%
Closely correlated
-3.48%
WPM - GOLD
85%
Closely correlated
-2.60%
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