NEW YORK, December 28, 2016 /PRNewswire/ --
Stock-Callers.com focuses investors' attention to the Gold industry which is the most popular precious metal for investors. Gold prices are influenced by numerous variables such as fabricator demand, expected inflation, return on assets, and central banks' demand. Equities in today's lineup are: IAMGOLD Corp. (NYSE: IAG), Eldorado Gold Corp. (NYSE: EGO), Gold Fields Ltd (NYSE: GFI), and McEwen Mining Inc. (NYSE: MUX). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration
On Tuesday, shares in Toronto, Canada headquartered IAMGOLD Corp. recorded a trading volume of 8.49 million shares. The stock ended the day at $3.55, jumping 5.34% from the last trading session. The Company's shares have surged 150.00% on an YTD basis. The stock is trading below its 200-day moving average by 6.33%. Furthermore, shares of IAMGOLD, which explores for, develops, and operates mining properties in North and South America, and West Africa, have a Relative Strength Index (RSI) of 48.11.
On December 22nd, 2016, IAMGOLD announced that the Company has signed a definitive agreement with Merrex Gold Inc. to acquire, in an all-share transaction, all of Merrex's issued and outstanding shares not already owned by IAMGOLD. IAMGOLD currently owns approximately 45.8 million, or 23% of Merrex's issued and outstanding 199.2 million common shares. IAMGOLD expects to issue 6.9 million shares, amounting to less than 1.5% of its issued and outstanding shares, in connection with the Transaction. The Transaction is expected to close in Q1 FY17. Sign up and read the free research report on IAG at: http://stock-callers.com/registration/?symbol=IAG
Vancouver, Canada headquartered Eldorado Gold Corp.'s stock rose 2.62%, finishing yesterday's session at $3.13 with a total trading volume of 3.37 million shares. The Company's shares have gained 17.67% in the last month and 5.39% since the start of this year. The stock is trading above its 50-day moving average by 2.15%. Additionally, shares of Eldorado Gold, which together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, China, Greece, Brazil, and Romania, have an RSI of 57.47.
On December 19th, 2016, Eldorado Gold announced that further to the news release dated June 07th, 2016, the Toronto Stock Exchange (TSX) has accepted for filing the Company's revised Notice in respect of a normal course issuer bid (NCIB). Pursuant to the NCIB, Eldorado may purchase up to 2,081,168 of its common shares representing approximately 0.30% of the total 716,587,134 Shares of the Company's issued and outstanding as at November 28th, 2016. Purchases will be made at prevailing market prices commencing June 13th, 2016 and ending June 12th, 2017. Pursuant to TSX policies, daily purchases of shares made through the facilities of the TSX will not exceed 981,423 shares representing 25% of the average daily trading volume of 3,925,691 shares subject to certain prescribed exemptions. The complimentary research report on EGO can be downloaded at: http://stock-callers.com/registration/?symbol=EGO
Shares in Sandton, South Africa-based Gold Fields Ltd ended Tuesday's session 2.11% higher at $2.90. The stock recorded a trading volume of 3.52 million shares. The Company's shares have gained 5.74% on an YTD basis. The stock is trading 17.09% below its 50-day moving average. Moreover, shares of Gold Fields, which produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru, have an RSI of 42.86.
On December 12th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'.
On December 14th, 2016, Gold Fields announced the retirement of Messrs Kofi Ansah and Alan Hill as non-executive directors of the Gold Fields Board of Directors with effect from 31st December 2016. Between 01st July and 01st September 2016, Gold Fields appointed four new non-executive directors to its Board to ensure continuity of the skills set as a number of the directors were approaching retirement age over the next two years. Register for free on Stock-Callers.com and access the latest report on GFI at: http://stock-callers.com/registration/?symbol=GFI
At the close, Toronto, Canada headquartered McEwen Mining Inc.'s stock climbed 5.56%, finishing at $2.85. A total volume of 2.33 million shares was traded. The Company's shares have advanced 6.74% in the last month and 170.26% on an YTD basis. The stock is trading 7.03% below its 50-day moving average. Additionally, shares of McEwen Mining, which explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the US, have an RSI of 48.55.
On November 03rd, 2016, McEwen Mining announced consolidated quarterly production of 36,496 gold equivalent ounces for Q3 2016, comprised of 24,281 ounces gold and 916,168 ounces silver. For Q3 2016, the Company reported net income of $4.2 million, or $0.01 per share, compared to net income of $2.6 million, or $0.01 per share, for Q3 2015. Get free access to your research report on MUX at: http://stock-callers.com/registration/?symbol=MUX
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA