Technical Scrutiny: Newmont Mining Corp., Golden Star Resources Ltd, Hecla Mining Co., and First Majestic Silver Corp.
LONDON, August 27, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
On August 26, 2013, the U.S. equity market ended on a lower note with the S&P 500 falling by 0.40% to end the day at 1,656.78, and the NASDAQ Composite finishing almost flat at 3,657.57, down 0.01%. Shares in precious metals companies ended mostly on a higher note, even as the broader market edged lower. The major movers in the sector included Newmont Mining Corporation (NYSE: NEM), Golden Star Resources Ltd. (NYSE MKT: GSS), Hecla Mining Company (NYSE: HL), and First Majestic Silver Corporation (NYSE: AG). AAAResearchReports.com has tracked NEM, GSS, HL, and AG. These reports can be seen for free at:
Newmont Mining Corporation's shares edged higher on Monday, extending their gains from the previous trading session. The company's shares oscillated between $32.77 and $33.84 before finishing the day 0.88% higher at $33.29. A total of 7.49 million shares were traded, which is below the daily average volume of 9.12 million. The company's shares have gained 4.55% in the last three trading sessions and 9.58% in the last one month, outperforming the S&P 500 which has gained 0.85% and lost 2.06% during the respective periods. Furthermore, Newmont Mining Corporation's stock is currently trading above its 50-day moving average. Download free research on NEM by signing up now at:
Golden Star Resources Ltd's stock fell sharply on Monday as the broader market declined. The company's shares ended the day at $0.73, down 2.88%, after fluctuating between $0.71 and $0.76. A total of 2.23 million shares were traded, which is below the daily average volume of 3.20 million. Despite Monday's pullback, the company's stock has gained 36.64% in the last one month, compared to a loss of 2.06% in the S&P 500 during the same period. Further, Golden Star Resources Ltd's stock is trading above its 50-day moving average. Register for today's free analysis on GSS at:
On Monday, Hecla Mining Company's shares closed flat on Monday, after rising sharply in the previous trading session. After fluctuating between $3.80 and $3.96, the company's shares ended the day at previous day's closing of $3.84. A total of 7.44 million shares were traded which is marginally above the daily average volume of 7.30 million. The stock has advanced 6.37% in the previous three days and 15.66% in the last one month, compared to a gain of 0.85% and loss of 2.06% in the S&P 500 during the respective periods. Moreover, the stock is now trading above its 50-day moving average of $3.17. A free report on HL can be accessed by registering at:
Shares in First Majestic Silver Corporation rose sharply on Monday, extending their gains from previous trading sessions. The company's shares traded between $15.59 and $16.06 before closing the day 2.20% higher at $15.77. A total of 1.43 million shares were traded, which is above the daily average volume of 1.24 million. The company's shares have gained 18.39% in the last one month and 52.07% in the last three months, outperforming the S&P 500 during the respective period. Additionally, First Majestic Silver Corporation's stock is trading above its 50-day and 200-day moving averages. Register with AAA Research Reports and download research on AG for free 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 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 has, through Chartered Financial Analysts, 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.
SOURCE AAA Research Reports