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Oct 19, 2020

Gold climbs to six-month peak on waning risk appetite

Gold prices hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fueled risk aversion, prompting investors to seek refuge in the metal.

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Related Ticker: GOLDX

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).

Industry description

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets in equity securities of foreign and domestic issuers principally engaged in gold related activities and gold bullion. The adviser focuses on stocks that are undervalued, but which appear to have favorable prospects for growth. Because most of the world's gold production is outside of the United States, the advisor expects that a significant portion of the fund's assets may be invested in securities of foreign issuers, including those located in emerging markets.

Market Cap

The average market capitalization across the Gabelli Gold AAA MF is 16.16B. The market cap for tickers in the group ranges from 780.17M to 36.81B. NEM holds the highest valuation in this group at 36.81B. The lowest valued company is WDOFF at 780.17M.

Volume

The average weekly volume growth across all stocks in the Gabelli Gold AAA MF was 2%. For the same stocks of the MF, the average monthly volume growth was 20% and the average quarterly volume growth was 129%

Fundamental Analysis Ratings

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

Valuation Rating: 30
P/E Growth Rating: 58
Price Growth Rating: 64
SMR Rating: 80
Profit Risk Rating: 56
Seasonality Score: 40 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category PreciousMetals

Profile
Fundamentals
Details
Category
Equity Precious Metals
Address
Gabelli Gold Fund, IncOne Corporate CenterRye
Phone
N/A
Web
www.gabelli.com
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GOLDX and

Correlation & Price change

A.I.dvisor indicates that over the last year, GOLDX has been closely correlated with OGMYX. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOLDX jumps, then OGMYX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GOLDX
1D Price
Change %
GOLDX100%
+2.99%
OGMYX - GOLDX
92%
Closely correlated
+3.33%
FEGIX - GOLDX
86%
Closely correlated
+2.82%
FEURX - GOLDX
76%
Closely correlated
+2.81%
SGGDX - GOLDX
76%
Closely correlated
+2.82%
FERUX - GOLDX
75%
Closely correlated
N/A
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