Gold Stocks Under Investors' Scanner -- NovaGold Resources, Golden Star Resources, Agnico Eagle Mines, and DRDGOLD

Jul 22, 2016, 09:00 ET from Chelmsford Park SA

NEW YORK, July 22, 2016 /PRNewswire/ --

Gold remains to be a safe haven during turbulent markets. The industry continues its remarkable performance this year, presenting growth opportunities for investors to look at. reviews this morning's lineup: NovaGold Resources Inc. (NYSE MKT: NG), Golden Star Resources Ltd (NYSE MKT: GSS), Agnico Eagle Mines Ltd (NYSE: AEM), and DRDGOLD Ltd (NYSE: DRD). Learn more about these stocks by accessing their free notes at:

NovaGold Resources  

Vancouver, Canada-based NovaGold Resources Inc.'s stock finished Thursday's session at $6.47, gaining 2.21%. A total volume of 2.04 million shares was traded. Over the last month and the previous three months, the Company's shares have surged 2.70% and 7.30%, respectively. Additionally, the stock has surged 53.68% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 3.46% and 30.42%, respectively. Moreover, shares of NovaGold Resources, which explores and develops mineral properties in Canada and the U.S., have a Relative Strength Index (RSI) of 47.21.

On June 27th, 2016, NOVAGOLD announced its second quarter financial results and provided updates for its flagship 50%-owned Donlin Gold project in Alaska. NOVAGOLD stated that it has maintained a solid financial position with $112 million in cash and term deposits as of May 31st, 2016, more than sufficient to cover all project activities. The company also announced that it has successfully completed the Donlin Gold public comment period for the draft Environmental Impact Statement at the end of the second quarter 2016 with welcomed input from stakeholders in the Yukon-Kuskokwim region. Visit us today and access our complete notes on NG at: 

Golden Star Resources  

Shares in Toronto, Canada headquartered Golden Star Resources Ltd ended yesterday's session 4.17% higher at $1.00. A total volume of 3.98 million shares was traded, which was above their three months average volume of 2.89 million shares. The stock has soared 66.67% in the past month, 38.89% in the previous three months, and 488.24% on an YTD basis. The Company's shares are trading 50.56% above their 50-day moving average and 142.48% above their 200-day moving average. Moreover, shares of Golden Star Resources, which operates as a gold mining and exploration company, have an RSI of 70.82.

On July 12th, 2016, Golden Star Resources announced that pre-commercial production has commenced at its Wassa Underground Mine in Ghana, as scheduled. The successful blasting of the first stope in the F Shoot of Wassa Underground took place on July 10th, 2016 delivering the first ore from the new underground mine to the Wassa processing plant. This first stope was mined using longitudinal longhole open stoping, utilizing remote control scoops for ore loading and then hauled to surface via 50 tonne trucks. The first stope is in the upper part of the F Shoot, which is one of the more moderate grade areas of the deposit. The higher grade areas within the B Shoot are scheduled to be accessed in early 2017. The complimentary notes on GSS can be accessed at:  

Agnico Eagle Mines  

On Thursday, Toronto, Canada headquartered Agnico Eagle Mines Ltd's stock rose 1.88%, to close the day at $53.23. A total volume of 1.80 million shares was traded. The Company's shares have advanced 7.23% in the last one month, 27.48% in the previous three months, and 103.37% on an YTD basis. The stock is trading 5.79% and 45.67% above its 50-day and 200-day moving averages, respectively. Additionally, 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 50.38.

On June 24th, 2016, Agnico Eagle Mines announced that it will release its second quarter 2016 results on July 27th, 2016, after normal trading hours. Agnico Eagle Mines' senior management will host a conference call on July 28, 2016 at 10:00 AM (E.D.T.).

On July 14th, 2016, research firm Dundee downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on and access the latest notes on AEM at: 


Shares in Johannesburg, South Africa headquartered DRDGOLD Ltd. ended the day 2.83% higher at $7.26. A total volume of 480,247 shares was traded. The stock has surged 42.91% in the last one month, 73.25% in the previous three months, and 388.69% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 25.00% and 113.63%, respectively. Furthermore, shares of DRDGOLD, which engages in the retreatment, production, and sale of gold from surface tailings in South Africa, have an RSI of 56.43.

On July 12th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Neutral' to 'Underweight'. Get free access to your notes on DRD at:


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