Technical Briefing on Materials Sector: Barrick Gold, Kinross Gold, Goldcorp, and AngloGold Ashanti
LONDON, January 16, 2014 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
On Wednesday, January 15, 2014, the U.S. equity market finished on a positive note as the S&P 500 ended the day at 1,848.38, up 0.52%; the Dow Jones Industrial Average closed at 16,481.94, up 0.66%; and the NASDAQ Composite finished at 4,214.88, up 0.76%. The S&P 500 Materials Sector Index closed the session at 290.01, up 0.65%; and the S&P 500 Metals & Mining Industry Index gained 1.03% to close at 135.40. The S&P 500 Metals & Mining Industry Index has gained 4.88% in the last one month and 0.63% in the previous three trading sessions, outperforming the S&P 500, which has gained 4.12% and 0.33% during the respective periods. The major movers in the Metals & Mining Industry included Barrick Gold Corp. (NYSE: ABX), Kinross Gold Corp. (NYSE: KGC), Goldcorp Inc. (NYSE: GG), and AngloGold Ashanti Ltd (NYSE: AU). All these companies are tracked by AAAResearchReports.com. Download free technical analysis and charting reports on ABX, KGC, GG, and AU now at:
Barrick Gold Corp.'s stock gained 1.35% on Wednesday, ending the day at $18.04, after vacillating between $17.58 and $18.13 during the trading session. A total of 8.50 million shares were traded, which is below the daily average volume of 17.22 million. The company's shares have gained 7.77% in the previous one month, outperforming the S&P 500, which has gained 4.12% during the same period. Additionally, Barrick Gold Corp.'s stock is trading above its 50-day moving average of $17.24. Download free research on ABX today by registering at:
Shares in Kinross Gold Corp. advanced on Wednesday, finishing the day 0.90% higher at $4.50. The company's shares oscillated between $4.42 and $4.55 during the trading session. A total of 6.75 million shares were traded, which is below the daily average volume of 9.53 million. The company's shares have remained flat in the previous three trading sessions, underperforming the S&P 500, which has gained 0.33% during the same period. Further, Kinross Gold Corp.'s stock is trading below its 50-day and 200-day moving averages of $4.65 and $5.25, respectively. Sign up and have access to our free report on KGC at:
Goldcorp Inc.'s stock fluctuated between gains and losses, before finishing the day 0.27% lower at $22.18, after oscillating between $21.87 and $22.38 during the trading session. A total of 9.08 million shares were traded on Wednesday, which is above the daily average volume of 7.85 million. Despite Wednesday's decline, the company's shares have gained 5.32% in the previous one month, compared to a gain of 4.12% in the S&P 500 during the same period. However, Goldcorp Inc.'s stock is trading below its 50-day and 200-day moving averages of $22.54 and $26.25, respectively. Sign up and read the complimentary report on GG at:
On Wednesday, AngloGold Ashanti Ltd's stock closed the day at $12.67, up 2.59% from the previous day's closing price of $12.35. The company's shares fluctuated between $12.15 and $12.79 during the trading session. A total of 2.41 million shares were traded, which is below the daily average volume of 3.12 million. The company's shares have advanced 7.01% in the previous three trading sessions and 7.37% in the last one month, outperforming the S&P 500, which has gained 0.33% and 4.12% during the respective periods. Although, AngloGold Ashanti Ltd's stock is trading below its 50-day and 200-day moving averages of $13.02 and $14.84, respectively. The free report on AU can be downloaded by signing up now at:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is 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 by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE AAA Research Reports