NEW YORK, March 22, 2017 /PRNewswire/ --
Stock-Callers.com takes a closer look at some Gold equities to see how they have fared over the last few trading sessions. This morning the following stocks' performances have been reviewed: Primero Mining Corp. (NYSE: PPP), Agnico Eagle Mines Ltd (NYSE: AEM), Banro Corp. (NYSEMKT: BAA), and Timmins Gold Corp. (NYSEMKT: TGD). Gold, which climbed through the first two months of the year, had foundered in March as the prospect of higher borrowing costs curbed the appeal of non-interest-bearing assets. Learn more about these stocks by accessing their free research reports at:
Toronto, Canada-based Primero Mining Corp.'s shares saw a decline of 1.28%, finishing Tuesday's trading session at $0.56. A total volume of 1.91 million shares was traded, which was higher than their three months average volume of 1.68 million shares. The stock is trading below its 50-day moving average by 22.00%. Moreover, shares of Primero Mining, which engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico, have a Relative Strength Index (RSI) of 40.10.
On February 27th, 2017, Primero Mining announced that it has entered into a binding term sheet with Sprott Resource Lending Partnership for a $75-million three-year term loan (Debt Facility). The Debt Facility is intended to refinance the Company's existing $75 million revolving credit facility, of which $50 million is currently drawn, and partly for general corporate purposes. Free research report on PPP is available at:
On Tuesday, shares in Toronto, Canada headquartered Agnico Eagle Mines Ltd recorded a trading volume of 1.90 million shares, which was above their three months average volume of 1.81 million shares. The stock ended the session 2.46% higher at $44.09. The Company's shares have gained 18.34% over the previous three months and 5.21% on an YTD basis. The stock is trading 2.45% below its 50-day moving average. Furthermore, shares of Agnico Eagle Mines, which engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico, have an RSI of 54.57.
On March 06th, 2017, Agnico Eagle Mines announced that it has agreed to purchase 38,100,000, or approximately 15.0%, common shares of GoldQuest Mining Corp. in a non-brokered private placement at a price of C$0.60 per share for total consideration of C$22,860,000.
On March 16th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $51 a share to $46 a share. The complimentary research report on AEM can be downloaded at:
Shares in Toronto, Canada headquartered Banro Corp. closed at $0.12, rising 0.81% from the last trading session. The stock recorded a trading volume of 847,468 shares. The Company's shares are trading 20.74% below their 50-day moving average. Additionally, shares of Banro, which together with its subsidiaries, engages in the exploration, development, and production of mineral properties, have an RSI of 37.27.
On February 24th, 2017, Banro reported that, as contemplated by the terms of the Company's recapitalization announced in its January 31st press release, the Ontario Superior Court of Justice has issued the interim order that authorizes the Company to convene meetings of holders of its $175-million senior secured notes and its series A and series B preference shares. The meetings are scheduled on March 31st, 2017. Visit us today and access our complete research report on BAA at:
Vancouver, Canada headquartered Timmins Gold Corp.'s stock ended 1.08% higher at $0.38 with a total trading volume of 954,141 shares. The Company's shares have advanced 0.73% in the last one month, 23.90% over the previous three months, and 22.91% on an YTD basis. The stock is trading above its 50-day moving average by 2.67%. Furthermore, shares of Timmins Gold, which through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico, have an RSI of 54.89.
On March 09th, 2017, Timmins Gold reported a stable balance sheet with $33.9 million in cash and working capital of $37.8 million in FY16. Metal revenues were $123.9 million from 100,480 ounces of gold sold at $1,234 per ounce during FY16. Earnings and comprehensive income were $31.7 million, or $0.10 per share, compared to loss and comprehensive loss of $190.3 million, or $0.77 per share, the year prior. Get free access to your research report on TGD at:
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