Research Report on Gold Equities -- IAMGOLD, Eldorado Gold, Gold Fields, and McEwen Mining

Aug 17, 2016, 07:35 ET from Chelmsford Park SA

NEW YORK, August 17, 2016 /PRNewswire/ --

Stock-Callers.com this morning has issued research reports on the following equities: IAMGOLD Corp. (NYSE: IAG), Eldorado Gold Corp. (NYSE: EGO), Gold Fields Ltd (NYSE: GFI), and McEwen Mining Inc. (NYSE: MUX). As per the World Gold Council, global Gold demand in the second quarter climbed 15% due to a 141% rise in investment demand.  Learn more about these stocks by accessing their free research reports at:

http://stock-callers.com/registration

IAMGOLD  

Toronto, Canada headquartered IAMGOLD Corp.'s stock finished Tuesday's session at $4.87, which was a decline of 1.22%. A total volume of 16.62 million shares was traded, which was above their three months average volume of 10.51 million shares. Over the previous three months and since the start of this year, the Company's shares have surged 21.14% and 242.96%, respectively. The stock is trading above its 50-day and 200-day moving averages by 6.67% and 75.27%, respectively. Moreover, 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 48.93.

On August 08th, 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 $5.50 to $6.50.

On August 16th, 2016, IAMGOLD announced that it has closed a previously announced bought deal offering at a price of $5.15 per common share. The company noted that the underwriters have exercised the over-allotment option in full to purchase an additional 5,827,500 common shares at the Offering Price. As a result, a total of 44,677,500 common shares were sold in the offering for aggregate gross proceeds of $230 million. Free research report on IAG is available at:

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

Eldorado Gold  

Shares in Vancouver, Canada headquartered Eldorado Gold Corp. ended yesterday's session 0.71% higher at $4.25 with a total volume of 4.73 million shares traded. The stock has gained 43.10% on an YTD basis. The Company's shares are trading 18.31% above their 200-day moving average. Moreover, 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 50.85.

On July 28th, 2016, Eldorado Gold reported that for Q2 2016, gold revenues were $162.7 million on sales of 128,090 ounces of gold at an average realized gold price of $1,270 per ounce. The company noted that adjusted net earnings for the quarter were $11.7 million ($0.01 per share) compared to adjusted net earnings of $17.0 million ($0.02 per share) in 2015.

On August 10th, 2016, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary research report on EGO can be downloaded at:

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

Gold Fields  

On Tuesday, Sandton, South Africa-based Gold Fields Ltd's stock saw a slight drop of 0.47%, to close the day at $6.32. A total volume of 3.37 million shares was traded. The Company's shares have advanced 6.58% in the last one month, 46.64% in the previous three months, and 128.94% on an YTD basis. The stock is trading 17.75% above its 50-day moving average and 59.85% above its 200-day moving average. Additionally, shares of Gold Fields, which produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru, have an RSI of 59.48.

On July 22nd, 2016, Gold Fields announced the appointments of Alhassan Andani with effect on August 1st, 2016 and Peter Bacchus with effect on September 1st, 2016, as independent non-executive directors to the Board of Gold Fields. Visit us today and access our complete research report on GFI at:

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

McEwen Mining  

Shares in Toronto, Canada headquartered McEwen Mining Inc. ended the day 2.50% higher at $4.51. A total volume of 3.03 million shares was traded. The stock has gained 0.45% in the last one month, 65.20% in the previous three months, and 327.21% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 14.52% and 105.29%, respectively. Furthermore, 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 58.96.

On August 4th, 2016, McEwen Mining announced consolidated Q2 2016 production of 39,555 gold equivalent ounces, which accounts for 27,888 ounces gold and 875,006 ounces silver. The Company reported net income of $8.4 million and $21.3 million as well as earnings from mining operations of $19.3 million and $38.8 million for the three and six months ended June 30th, 2016, respectively. The Company generated $4.8 million and $19.5 million of net cash flow from operations for the three and six months ended June 30th, 2016 respectively. Get free access to your research report on MUX at:

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

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