Mexicos Newmont optimistic about talks on mining royalties hike
| UPMMX Fund | USD 20.34 0.54 2.59% |
Slightly above 62% of Precious Metals' investor base is looking to short. The analysis of overall sentiment of trading Precious Metals And mutual fund suggests that many investors are alarmed at this time. Precious Metals' investing sentiment can be driven by a variety of factors including economic data, Precious Metals' earnings reports, geopolitical events, and overall market trends.
Precious |
Newmonts Mexican division said on Wednesday it sees an openness for dialogue from the Mexican government, amid the proposed increase in mining royalties, which could potentially hinder billions of dollars in investments. The proposed increase in mining royalties could block more than 6.9 billion in investments over the next two years, according to the countrys mining chamber, adding to the challenges impacting the sector such as previous administrative decisions and potential legal reforms. Newmont, a global leader in gold mining, operates the huge Penasquito open-pit gold mine in Mexico which produces gold, silver, zinc and lead, and processes an average of 110,000 metric tonnes of fresh ore daily.
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Precious Metals Fundamental Analysis
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Ten Year Return
Ten Year Return Comparative Analysis
Precious Metals is currently under evaluation in ten year return among similar funds. Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Precious Metals And Potential Pair-trading
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Peers
Precious Metals Related Equities
| USHYX | High Income | 0.14 |
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| USEMX | Emerging Markets | 0.51 |
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| USCGX | Capital Growth | 0.68 |
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| USIFX | International Fund | 1.02 |
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| USSCX | Science Technology | 1.16 |
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Other Information on Investing in Precious Mutual Fund
Precious Metals financial ratios help investors to determine whether Precious Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Precious with respect to the benefits of owning Precious Metals security.
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