$NEM, $GOLD, $KGC, $HMY, $WPM: Gold Group's 5 Leaders with +12% Average Gain!

📈 Analyzing Market Movements: A Deep Dive into the Gold Industry

📌 Description: Amidst market volatility, the gold industry stands out as a beacon of hope for traders. As the Fear & Greed Index fluctuates, a deep analysis of this sector, focusing on key tickers and the intricate details of market movements, offers a clear perspective. Let's embark on a data-driven exploration of the gold industry.

📊 Industry Description

Companies in the gold industry primarily focus on exploring and mining gold. As a traditional safe harbor asset, gold's value often ascends during global economic turmoil. It's primarily used in jewelry, arts, and has some industrial applications.

Tickers in this Group: 
$AEM $GOLD $KGC $HMY $GFI $AU $NEM $NG $MUX $BTG $AG $AGI $OR $WPM $SSRM

📊 Notable Companies

The gold sector is dominated by giants such as:

• $NEM - Newmont Corp
• $GOLD - Barrick Gold Corp
• $WPM - Wheaton Precious Metals Corp
• $GFI - Gold Fields Ltd
• $KGC - Kinross Gold Corp
• $SSRM - SSR Mining
• $AG - FIRST MAJESTIC SILVER Corp

📊 Market Cap

With an average market cap of 10.1B, this industry showcases companies ranging from the colossal $NEM at 31B to the relatively smaller MUX valued at 338.2M.

📊 High and Low Price Notable News

While the average weekly price growth hovers at -1.95%, the monthly and quarterly growths stand at 10.68% and -12.76% respectively. Individual performances, such as $AGI's stellar 0.94% growth and $MUX's unfortunate 8.4% dip, create a dynamic landscape.

🔔 News Flash:

• $NEM dipped 7.92%, making it the week's top loser on 10/26/23.
• Conversely, on 10/17/23, $NEM soared with a 6.43% rise.
• $SSRM, on 10/14/23, witnessed a significant 7.77% hike.

📊 Volume

The group's average weekly volume saw a -20.77% decline, with a monthly growth of 10.57% and an impressive quarterly volume boost of 32.18%.

📢 Volume Highlights:

• $NEM's volume skyrocketed, breaking a record with 486% growth over its 65-Day Volume Moving Average on 10/27/23.
• Osisko Gold Royalties saw a similar surge on 7/7/23 with a 305% increase.
• $GFI wasn't left behind either, as it witnessed an impressive 513% volume spike on 6/16/23.

📊 Fundamental Analysis Ratings

To understand the core financial metrics:

• Valuation Rating: 32
• P/E Growth Rating: 39
• Price Growth Rating: 46
• SMR Rating: 85
• Profit Risk Rating: 51
• Seasonality Score: 22 (ranging from -100 to +100)

📊 Ticker Description

$GOLD: In an upward trend since 10/20/23 with the 10-day moving average surpassing the 50-day. Odds for its continued growth stand strong at 87%.

$KGC: Witnessed a bullish trend on 10/18/23. Historical data suggests a 90% chance of continued growth.

$HMY: Since its rise above the 50-day Moving Average on 10/09/23, $HMY's prospects look bright with an 85% likelihood of growth.

$GFI: With its MACD turning positive on 10/09/23, past instances show an 84% chance of an upward trajectory.

$WPM: 10-day moving average surpassed the 50-day on 10/23/23, making its future seem promising with an 87% growth chance.

$SSRM: Indications from its RSI suggest a probable shift from a downward to an upward trend, with historical data supporting an 86% growth chance.

💡 : The gold sector seems primed for positive movements, with multiple indicators pointing towards potential growth. As we analyze market intricacies and shifts, traders equipped with these insights can make informed decisions, keeping market momentum and sectoral shifts at the forefront. Remember to always research and monitor market movements closely. Happy trading!

Notable companies

Industry description

Market Cap

High and low price notable news

Volume