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.

Barclays Initiates Coverage On Alcoa with Overweight Rating, Announces Price Target of $55

JP Morgan Maintains Neutral on Alcoa, Lowers Price Target to $50

JP Morgan analyst Bill Peterson maintains Alcoa (NYSE:AA) with a Neutral and lowers the price target from $52 to $50.

Morgan Stanley Maintains Equal-Weight on Alcoa, Lowers Price Target to $50

Morgan Stanley analyst Carlos De Alba maintains Alcoa (NYSE:AA) with a Equal-Weight and lowers the price target from $53 to $50.

Shares of precious metal-related companies are trading lower as climbing yields and a stronger dollar raise rate-hike expectations. President Trump's rejection of Iran's plan to reopen the Strait of Hormuz and a possible diesel export ban are boosting oil prices and contributing to mounting inflationary concerns as regional conflict continues.

Allied Gold Connects Kurmuk Mine To Ethiopian Grid And Crushes First Ore Ahead Of Commercial Production

Allied Gold Corporation (TSX:AAUC, NYSE:AAUC) ("Allied" or the "Company") is pleased to provide an update on the Kurmuk Mine (the "Kurmuk Mine") in Ethiopia. As the Kurmuk Mine completes

UBS Maintains Neutral on Agnico Eagle Mines, Raises Price Target to $190