NEW YORK, February 24, 2017 /PRNewswire/ --
Stock-Callers.com has lined up for assessment these Basic Materials stocks: Great Panther Silver Ltd (NYSEMKT: GPL), Seabridge Gold Inc. (NYSE: SA), Richmont Mines Inc. (NYSE: RIC), and Gold Standard Ventures Corp. (NYSEMKT: GSV). On February 09th, 2017, Charles Schwab gave the sector a "Market Perform" rating, saying that the commodity price declines seen over the past couple of years may be ending, with global monetary policies helping to arrest the fall. However, the research firm said that global economic growth remains tepid, and a strong US dollar could hurt exports and earnings. Download the free research reports on these stocks today:
Great Panther Silver
Canada headquartered Great Panther Silver Ltd's stock finished Thursday's session 1.38% higher at $2.21 with a total trading volume of 2.20 million shares. Over the last month and the previous three months, the Company's shares have surged 21.43% and 58.99%, respectively. Additionally, the stock has gained 33.13% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 23.65% and 45.02%, respectively. Moreover, shares of Great Panther Silver, which engages in the mining of mineral properties in Mexico, have a Relative Strength Index (RSI) of 72.35.
On February 21st, 2017, the Company announced an updated Mineral Resource Estimate for the Company's Guanajuato Mine Complex (GMC) in Guanajuato, Mexico. Among other updates, the Company noted that Estimated Measured and Indicated Mineral Resources at the GMC increased 15% from the previous Mineral Resource (February 22nd, 2016) to 7,146,076 silver equivalent ounces (Ag eq oz). Great Panther Silver's Estimated Measured Mineral Resources at the GMC increased 22% to 5,564,396 Ag eq oz from the previous Measured Mineral Resource. See our free and comprehensive research report on GPL at:
Shares in Canada headquartered Seabridge Gold Inc. rose 0.44%, ending yesterday's session at $11.40. A total volume of 775,300 shares was traded, which was above their three months average volume of 662,590 shares. The stock has gained 16.33% in the past month, 21.93% in the previous three months, and 39.88% on an YTD basis. The Company's shares are trading 19.90% above their 50-day moving average. Moreover, shares of Seabridge Gold, which together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America, have an RSI of 65.32.
On February 22nd, 2017, Seabridge Gold announced that it has closed the sale of its leasehold interest in the Castle-Blackrock claim block in Nevada to Columbus Gold Corp. As consideration for the acquisition, Columbus has issued 1,500,000 of its common shares to Seabridge Gold and a further 250,000 common shares to Platoro West Incorporated, the underlying claim holder. SA free research report PDF is just a click away at:
On Thursday, Canada headquartered Richmont Mines Inc.'s stock jumped 4.14%, to close the day at $8.80. A total volume of 598,477 shares was traded, which was higher than their three months average volume of 494,240 shares. The Company's shares have advanced 15.79% in the last one month, 26.62% in the previous three months, and 35.38% on an YTD basis. The stock is trading 14.93% above its 50-day moving average and 1.87% above its 200-day moving average. Additionally, shares of Richmont Mines, which engages in the mining, exploration, and development of mining properties in Canada, have an RSI of 55.00.
On February 01st, 2017, research firm CIBC upgraded the Company's stock rating from 'Sector Perform' to 'Sector Outperform'.
On February 21st, 2017, Richmont Mines announced that Company-wide production for Q4 2016 was 29,505 ounces of gold (27,759 ounces sold), up 32% compared to Q4 2015. Richmont reported Q4 2016 revenues of CAD$44.2 million (US$33.1 million), up 39% on a y-o-y basis. Company-wide cash costs for Q4 2016 were CAD$952 per ounce (US$714 per ounce), down 7% on a y-o-y basis. Richmont's earnings for Q4 2016 were $1.1 million (US$0.8 million), or $0.02 per share (US$0.01 per share), a $5.2 million improvement over the Q4 2015 loss of $4.1 million. Sign up for your complimentary report on RIC at:
Gold Standard Ventures
Shares in Canada headquartered Gold Standard Ventures Corp. ended the day 0.18% higher at $2.76. A total volume of 880,739 shares was traded, which was above their three months average volume of 541,430 shares. The stock has gained 7.62% in the last one month, 23.54% in the previous three months, and 29.34% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 14.22% and 26.41%, respectively. Furthermore, shares of Gold Standard Ventures, which engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the US, have an RSI of 61.59. Register for free on Stock-Callers.com and download the latest research report on GSV at:
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