NEW YORK, March 20, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com navigates the Gold industry with focus on Goldcorp Inc. (NYSE: GG), Gold Fields Ltd (NYSE: GFI), New Gold Inc. (NYSE MKT: NGD), and Harmony Gold Mining Co. Ltd (NYSE: HMY). On Friday, March 17th, 2017, April gold rose $3.10, or 0.3%, to settle at $1,230.20 an ounce, marking its highest finish since early March. Gold gained about 2.4% for the week, which was the strongest such gain since the week ended February 03rd, according to FactSet data. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Vancouver, Canada headquartered Goldcorp Inc. ended 0.13% lower at $15.32. The stock recorded a trading volume of 8.12 million shares. The Company's shares have advanced 23.52% in the previous three months and 12.80% since the start of this year. The stock is trading below its 50-day moving average by 2.38%. Furthermore, shares of Goldcorp, which acquires, explores for, development, and operation of precious metal properties in Canada, the US, Mexico, and Central and South America, have a Relative Strength Index (RSI) of 47.54.
On March 16th, 2017, research firm RBC Capital Markets upgraded the Company's stock rating from 'Underperform' to 'Sector Perform' while revising its previous target price from $15 a share to $17 a share.
On March 06th, 2017, Goldcorp declared its quarterly dividend for the three month period ended March 31st, 2017, of $0.02 per share. Shareholders of record as of the close of business on March 16th, 2017, will be entitled to receive payment on March 24th, 2017. Sign up and read the free research report on GG at:
Sandton, South Africa-based Gold Fields Ltd's stock finished Friday's session flat at $3.47. A total volume of 8.65 million shares was traded, which was above their three months average volume of 7.37 million shares. The Company's shares have advanced 1.48% in the last one month, 23.99% over the previous three months, and 16.99% since the start of this year. The stock is trading above its 50-day moving average by 5.03%. Additionally, shares of Gold Fields, which produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru, have an RSI of 59.86.
On February 16th, 2017, Gold Fields announced the results of the South Deep Rebase Plan. For FY16, South Deep generated net cash flow of US$12 million. Even after stripping out the benefit of the rand hedge, the mine achieved cash break-even for the year. The complimentary research report on GFI can be downloaded at:
Shares in Toronto, Canada headquartered New Gold Inc. ended the session 0.35% higher at $2.84. A total volume of 9.46 million shares was traded, which was above their three months average volume of 8.20 million shares. The stock is trading below its 50-day moving average by 13.53%. Moreover, shares of New Gold, which engages in the development and operation of mineral properties, have an RSI of 42.96.
On March 10th, 2017, New Gold announced that it has closed its previously announced bought deal financing of 61,640,000 common shares, including the exercise in full by the underwriters of the over-allotment option, at a price of US$2.80 per share for aggregate gross proceeds to New Gold of approximately US$173 million. New Gold intends to use the net proceeds from the Offering to finance the completion of the construction of the Rainy River gold project in Ontario, Canada. Register for free on Stock-Callers.com and access the latest report on NGD at:
Harmony Gold Mining
Randfontein, South Africa-based Harmony Gold Mining Co. Ltd's shares recorded a trading volume of 11.07 million shares, above their three months average volume of 5.77 million shares. The stock closed 5.42% lower at $2.27. The Company's shares have gained 15.47% in the previous three months and 4.50% on an YTD basis. The stock is trading 8.43% below its 50-day moving average. Additionally, shares of Harmony Gold Mining, which engages in the exploration and mining of gold in South Africa and Papua New Guinea, have an RSI of 45.55.
On March 17th, 2017, Harmony Gold Mining announced that Executive of Corporate and Investor Relations, Marian van der Walt, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on March 22nd, 2017. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to US investors.
On March 17th, 2017, research firm Deutsche Bank downgraded the Company's stock rating from 'Hold' to 'Sell'. Get free access to your research report on HMY at:
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