NEW YORK, March 15, 2017 /PRNewswire/ --
Today's featured industry on Stock-Callers.com is Gold, which is known to be highly sensitive to rising US interest rates. According to a Reuters' report, Gold prices steadied on Tuesday, March 14th, 2017, weighed down by expectations of an interest rate rise by the US Federal Reserve that boosted the dollar, but supported at the margins by political risks in Europe. Equities under review this morning are: Barrick Gold Corp. (NYSE: ABX), Kinross Gold Corp. (NYSE: KGC), Yamana Gold Inc. (NYSE: AUY), and IAMGOLD Corp. (NYSE: IAG). Download the free research reports on these stocks today:
Toronto, Canada headquartered Barrick Gold Corp.'s stock finished Tuesday's session 2.57% lower at $17.80 with a total trading volume of 12.88 million shares. The Company's shares have advanced 15.39% in the previous three months and 11.56% since the start of this year. The stock is trading 1.80% below its 200-day moving average. Additionally, shares of Barrick Gold, which engages in the exploration and development of mineral properties in the US, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia, have a Relative Strength Index (RSI) of 42.25.
On February 15th, 2017, Barrick reported Q4 2016 net earnings of $425 million, or $0.36 per share, and adjusted net earnings of $255 million, or $0.22 per share. The Company's Q4 2016 revenue was $2.32 billion; operating cash flow was $711 million, and free cash flow was $385 million. Barrick's gold production in Q4 2016 was 1.52 million ounces, at a cost of sales applicable to gold of $784 per ounce, and all-in sustaining costs of $732 per ounce. See our free and comprehensive research report on ABX at:
On Tuesday, shares in Toronto, Canada headquartered Kinross Gold Corp. recorded a trading volume of 12.28 million shares. The stock ended the session 1.85% lower at $3.19. The Company's shares have advanced 2.57% on an YTD basis. The stock is trading 11.79% below its 50-day moving average. Moreover, shares of Kinross Gold, which together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties, have an RSI of 34.38.
On February 15th, 2017, Kinross Gold reported Q4 2016 production of 746,291 gold equivalent ounces (Au eq. oz.) compared with 623,716 Au eq. oz. in Q4 2015. The Company's revenue was $902.8 million in Q4 2016 compared with $706.2 million in Q4 2015. Kinross Gold's operating cash flow was $302.6 million compared with $182.2 million in Q4 2015. The Company reported net loss of $116.5 million, or $0.09 per share, compared with a reported loss of $841.9 million, or $0.73 per share, for Q4 2015. KGC free research report PDF is just a click away at:
Toronto, Canada-based Yamana Gold Inc.'s shares closed the day 3.44% lower at $2.53 with a total trading volume of 12.13 million shares. The stock is trading 18.00% below its 50-day moving average. Shares of the Company, which engages in the exploration and development of precious metal properties in Brazil, Argentina, Chile, Mexico, and Canada, have an RSI of 32.28.
On February 22nd, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.
On March 06th, 2017, Yamana Gold announced that it has completed a secondary offering by private placement of 6,000,000 common shares ("Brio Shares") of Brio Gold Inc. Yamana sold the Brio Shares at a price of C$3.35 per Brio Share for total proceeds of C$20,100,000 to an arm's length institutional shareholder. Sign up for your complimentary report on AUY at:
Shares in Toronto, Canada headquartered IAMGOLD Corp. finished 5.83% lower at $3.39. The stock recorded a trading volume of 14.25 million shares, which was higher than its three months average volume of 10.42 million shares. The Company's shares are trading below their 200-day moving average by 18.56%. Furthermore, shares of IAMGOLD, which explores for, develops, and operates gold mining properties in North and South America, and West Africa, have an RSI of 29.34.
On March 09th, 2017, IAMGOLD announced that it has priced a private offering of $400 million aggregate principal amount of senior notes due 2025. The Notes bear interest at 7.00% per annum and are being issued at a price of 100% of their face amount, providing the Company with gross proceeds of $400 million. The offering of the Notes is expected to close on or about March 16th, 2017, subject to customary closing conditions. Subject to the closing of the Notes, IAMGOLD will use the proceeds of the Notes towards the redemption of its $489 million of outstanding 6.75% Senior Notes due in October 2020 on or about April 02nd, 2017. Register for free on Stock-Callers.com and download the latest research report on IAG at:
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