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
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