Market Momentum on Metals and Mining Stocks -- Research on Newmont Mining, Goldcorp, IAMGOLD, and Harmony Gold Mining Editor Note: For more information about this release, please scroll to bottom.
LONDON, April 4, 2014 /PRNewswire/ --
The trading session on Thursday, April 03, 2014 ended on a negative note as the Dow Jones Industrial Average finished flat at 16,572.55, and the NASDAQ Composite closed at 4,237.74, down 0.91%. The S&P 500 finished the session 0.11% lower at 1,888.77. During the session, Information Technology, Consumer Discretionary and Health Care sectors exerted a drag, while some positive momentum was observed in the Telecommunication Services, Energy and Utilities sectors. The S&P 500 Materials Sector Index finished the day at 302.52, up 0.10%, and the same has gained 2.20% in the last one month. Investor-Edge has initiated coverage on the following equities: Newmont Mining Corp. (NYSE: NEM), Goldcorp Inc. (NYSE: GG), IAMGOLD Corp. (NYSE: IAG) and Harmony Gold Mining Co. Ltd (NYSE: HMY). Free technical research on NEM, GG, IAG and HMY can be downloaded upon signing up at:
Shares in Newmont Mining Corp. reported a trading volume of 5.48 million shares, as compared with a three months average volume of 10.48 million shares. The stock ended the day at $24.10, down 0.58% and at an intraday range of $23.83 and $24.18. The company's shares traded at a PE ratio of 5.83. Newmont Mining Corp.'s shares have gained 2.82% in the previous three trading sessions, 1.99% in the last month and 4.65% on YTD basis. The stock is trading above its 50-day moving average. Newmont Mining Corp.'s 200-day moving average of $26.54 is above its 50-day moving average of $23.78. Moreover, the stock has a Relative Strength Index (RSI) of 51.72. Sign up today to read free research on NEM at:
On Thursday, shares in Goldcorp Inc. edged 1.72% lower to close the day at $24.60. The stock recorded a trading volume of 4.91 million shares as compared to a three months average volume of 7.43 million shares. The stock oscillated between $24.42 and $24.85 during the trading session. Goldcorp Inc.'s shares have advanced 0.49% in the previous three trading sessions and 13.52% on YTD basis, while the same has declined 9.96% in the last one month. The stock is trading below its 50-day and 200-day moving averages of $26.14 and $25.44, respectively. Further, the stock has an RSI of 41.28. Sign up today to read free research on GG at:
IAMGOLD Corp.'s stock recorded a trading volume of 3.30 million shares, as compared with a three months average volume of 6.56 million shares. The stock ended the day flat at the previous day's closing price of $3.52 after vacillating between $3.43 and $3.53. IAMGOLD Corp.'s shares have gained 5.71% on YTD basis, while the stock has traded flat in the previous three trading sessions and has declined 7.85% in the last one month. The company's stock is trading below its 50-day and 200-day moving averages of $3.78 and $4.45, respectively. Additionally, shares of the company have an RSI of 42.16. Sign up today to read free research on IAG at:
Shares in Harmony Gold Mining Co. Ltd finished the session 1.27% lower at $3.11. A total of 1.76 million shares were traded, which is below the three months average volume of 3.09 million shares. The stock fluctuated between $3.06 and $3.13 during the session. Harmony Gold Mining Co. Ltd's stock has advanced 1.97% in the previous three trading sessions and 22.92% on YTD basis, while the stock has fallen by 5.18% in the last one month. The stock is trading below its 50-day and 200-day moving averages of $3.16 and $3.27, respectively. Furthermore, the stock has an RSI of 46.05. Sign up today to read free research on HMY at:
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