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Metals Prices
Looking at metals prices this week, gold moved lower, with spot prices currently at $1368.95/ounce, down $79.58 (-5.5%) compared to $1448.53 on 05/10. Silver is currently trading at $22.42/ounce, down $1.46 (-6.1%) from $23.88 on 05/10. And turning to copper, the current spot price of $3.33/pound, has copper down $0.03 from $3.36 on 05/10, a week over week loss of -0 .9%.
Metals ETF Movers
The SPDR S&P Metals and Mining ETF (XME) outperformed other Metals ETFs this week, off about 3.5%. Components of that ETF showing particular strength this week include shares of Commercial Metals (CMC), up about 1.2% and shares of Compass Minerals International (CMP), up about 1% on the week.And underperforming other Metals ETFs this week is the Junior Gold Miners ETF (GDXJ), down about 11.5% this week. Among components of that ETF with the weakest showing for the week were shares of Dundee Precious Metals (DPM.CA), lower by about 20.5%, and shares of Romarco Minerals (R.CA), lower by about 18.6% on the week.
Other ETF standouts this week include the Steel ETF (SLX), lower by about 3.5% but still outperforming other ETFs for the week. And the Gold Miners ETF (GDX) was an underperformer, falling about 10.4% this week.
DividendRank Metals Toplist
At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Metals Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked metals stocks with our subscribers.
These are the metals stocks our DividendRank system has identified as the top most ”interesting” in the Metals and Mining category … this is meant purely as a research tool to generate ideas that merit further research.
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*(updated 8 hours, 36 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute investment advice. Full disclaimer |
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