Shares of precious metal-related companies are trading lower in response to surging oil prices and Friday's economic data, which spurred Fed rate hike expectations. The commodity may be experiencing weakness in response to a stronger dollar. (edited)

Roth MKM Maintains AngloGold Ashanti Buy Rating, Lowers Price Target

Analyst Joseph Reagor of Roth MKM has maintained a 'Buy' rating on AngloGold Ashanti while adjusting the price target from $102 to $95.

Is First Trust Materials AlphaDEX ETF (FXZ) a Strong ETF Right Now?

FXZ is a smart beta ETF launched in 2007 that tracks the StrataQuant Materials Index with $371.33 million in assets. The fund has gained 20.02% year-to-date and 28.88% over the past year, with an expense ratio of 0.64% and a 1.34% dividend yield. It holds approximately 40 stocks with heavy exposure to the Materials sector (85.9%), with top holdings including Newmont Corporation, Anglogold Ashanti, and Coeur Mining. The fund carries medium risk with a beta of 1.07 and is presented as a reasonable option for investors seeking to outperform the Materials ETF segment.

Anglogold Ashanti shares are trading higher after Goldman Sachs initiated coverage on the stock with a Buy rating and announced a $104 price target.

This Eloxx Pharmaceuticals Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

Analysts initiated coverage: Neutral on RDW, Overweight on ELOX, Buys on SGHT and AU, and Market Perform on FFIN.

Gold Slump Is Masking a $20 Billion Miner Cash Pile

Gold hits $4,075 as inflation rises, but experts predict new records within 18 months driven by central banks and family offices.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.