Gold Stocks Technical Report -- Timmins Gold, Primero Mining, Randgold Resources, and Seabridge Gold

Aug 23, 2016, 07:45 ET from Chelmsford Park SA

NEW YORK, August 23, 2016 /PRNewswire/ --

Gold dropped to a two-week low on Monday, August 22, 2016, following a comment on a possible U.S. rate hike this year. Spot gold fell 0.6% to $1,333.40 an ounce, and U.S. gold slipped 0.6% to $1,337.90 an ounce. Stock-Callers.com looks at how this drop in gold prices has affected the performances of the following equities at the closing bell: Timmins Gold Corp. (NYSE MKT: TGD), Primero Mining Corp. (NYSE: PPP), Randgold Resources Ltd (NASDAQ: GOLD), and Seabridge Gold Inc. (NYSE: SA). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

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Timmins Gold  

Vancouver, Canada headquartered Timmins Gold Corp.'s stock finished Monday's session at $0.49, which was a drop of 5.79%. A total volume of 1.59 million shares was traded. Over the last month and the previous three months, the Company's shares have gained 0.41% and 53.13%, respectively. Additionally, the stock has skyrocketed 255.07% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 7.48% and 75.22%, respectively. Moreover, shares of Timmins Gold, which through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico, have a Relative Strength Index (RSI) of 47.37.

On August 11th, 2016, Timmins Gold announced that its Board of Directors have approved a pre-construction program, including commencement of a Feasibility Study, for the Ana Paula Gold Project in Guerrero State, Mexico. The Feasibility Study is advancing on the back of a positive Preliminary Economic Assessment that was updated earlier this year and indicates that Ana Paula represents a robust, high-margin, open pit mining project at a $1,200 gold price.

On August 19th, 2016, research firm RBC Capital Markets upgraded the Company's stock rating from 'Underperform' to 'Sector Perform'. The research firm also revised upwards its previous target price from $0.70 to $1. Visit us today and access our complete research report on TGD at:

http://stock-callers.com/registration/?symbol=TGD

Primero Mining  

Shares in Toronto, Canada-based Primero Mining Corp. ended yesterday's session 5.06% lower at $1.69 with a total volume of 1.29 million shares traded. The stock is trading 15.85% below its 200-day moving average. Shares of the Company, which engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico, have an RSI of 35.19.

On August 4th, 2016, Primero announced that it generated $59.4 million of revenue in Q2 2016, 12% lower than in Q2 2015 as a result selling 17% less gold equivalent ounces despite a 6% higher average realized gold price. In Q2 2016, the company sold 43,008 ounces of gold at an average realized price of $1,241 per ounce and 1.43 million ounces of silver at an average realized price of $4.24 per ounce. The Company incurred a net loss of $19.4 million ($0.12 per share) in Q2 2016 compared to net loss of $6.7 million ($0.04 per share) for Q2 2015.

On August 08th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'. The research firm also revised downwards its previous target price from $3.25 to $2.25. The complimentary report on PPP can be downloaded at:

http://stock-callers.com/registration/?symbol=PPP

Randgold Resources  

On Monday, St. Helier, Channel Islands-based Randgold Resources Ltd's stock saw a decline of 2.57%, to close the day at $105.81. A total volume of 767,204 shares was traded. The Company's shares have advanced 20.07% in the previous three months and 72.08% on an YTD basis. The stock is trading 22.27% above its 200-day moving average. Additionally, shares of Randgold Resources, which together with its subsidiaries, engages in exploring, developing, and operating gold mines in west and east Africa, have an RSI of 42.51.

On July 25th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Equal-Weight' to 'Underweight'. Register for free on Stock-Callers.com and access the latest research report on GOLD at:

http://stock-callers.com/registration/?symbol=GOLD

Seabridge Gold  

Shares in Seabridge Gold Inc. ended the day 2.24% lower at $12.65. A total volume of 652,650 shares was traded. The stock has gained 3.18% in the last one month and 52.59% since the start of this year. The Company's shares are trading above their 200-day moving average by 15.25%. Furthermore, shares of Seabridge Gold, which together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America, have an RSI of 41.96.

On August 15th, 2016, Seabridge Gold announced that drilling has begun at its 100%-owned Iskut Project in northwestern British Columbia. The program calls for 3,000 meters of core drilling designed to help determine controls on gold mineralization for several known occurrences including past high grade producers. Results from this year's drilling will be used to design a much larger program for next year. Get free access to your research report on SA at:

http://stock-callers.com/registration/?symbol=SA

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