Gold Stocks Under Review -- Kinross Gold, IAMGOLD, Gold Fields, and Goldcorp
NEW YORK, June 2, 2017 /PRNewswire/ --
This morning, Stock-Callers.com focuses on these four stocks: Kinross Gold Corp. (NYSE: KGC), IAMGOLD Corp. (NYSE: IAG), Gold Fields Ltd (NYSE: GFI), and Goldcorp Inc. (NYSE: GG). Gold prices settled lower on Thursday, as dollar strengthened, owing to strong private-sector hiring and the U.S. interest-rate hike expected later in June. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Kinross Gold
On Thursday, shares in Toronto, Canada headquartered Kinross Gold Corp. recorded a trading volume of 10.26 million shares. The stock ended the day flat at $4.31. The Company's shares have surged 28.27% in the past month, 29.43% in the previous three months, and 38.59% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.03% and 14.74%, respectively. Furthermore, shares of Kinross Gold, which together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties, have a Relative Strength Index (RSI) of 67.60.
On May 18th, 2017, Kinross Gold announced that it has entered into an agreement to acquire an approximately 19.9% interest in White Gold Corp. by selling its 100% interest in the White Gold exploration project in the Yukon Territory to the company. The strategic ownership in White Gold Corp. will provide Kinross with future optionality in the highly prospective White Gold District and in the larger Yukon Territory.
On May 23rd, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Sign up and read the free research report on KGC at:
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IAMGOLD
Toronto, Canada headquartered IAMGOLD Corp.'s stock saw a decline of 2.24%, finishing yesterday's session at $4.37 with a total trading volume of 4.48 million shares. The Company's shares have gained 13.21% in the last month, 20.39% over the previous three months, and 13.51% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.11% and 7.12%, respectively. Additionally, shares of IAMGOLD, which explores for, develops, and operates gold mining properties in North and South America, and West Africa, have an RSI of 54.89.
On May 23rd, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On May 31st, 2017, IAMGOLD announced additional drilling results from its 100%-owned Boto Gold Project in eastern Senegal, West Africa. The reported assay results are from the remaining 22 diamond drill holes, totaling 2,842 meters, completed at the Malikoundi deposit and Malikoundi North extension. The Company's ongoing drilling program had resumed in Q4 2016 after seasonal rains, and continued into Q1 2017. The complimentary research report on IAG can be downloaded at:
http://stock-callers.com/registration/?symbol=IAG
Gold Fields
Shares in Sandton, South Africa-based Gold Fields Ltd ended the session 2.23% higher at $3.66. The stock recorded a trading volume of 8.25 million shares, which was above its three months average volume of 8.08 million shares. The Company's shares have gained 13.66% in the last one month, 20.00% over the previous three months, and 21.59% on an YTD basis. The stock is trading 1.63% above its 50-day moving average. Moreover, shares of Gold Fields, which produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru, have an RSI of 52.44. Register for free on Stock-Callers.com and access the latest report on GFI at:
http://stock-callers.com/registration/?symbol=GFI
Goldcorp
At the closing bell on Thursday, Vancouver, Canada headquartered Goldcorp Inc.'s stock rose 0.52%, finishing at $13.66. A total volume of 5.29 million shares was traded. The Company's shares have gained 0.44% on an YTD basis. The stock is trading 5.80% below its 50-day moving average. Additionally, shares of Goldcorp, which acquires, explores for, develops, and operates precious metal properties in Canada, the US, Mexico, and Central and South America, have an RSI of 43.21.
On May 31st, 2017, Goldcorp announced that it has completed the sale of its 100% interest in the Cerro Blanco gold-silver project, located in Guatemala, to Bluestone Resources Inc. Pursuant to the terms of the transaction, Goldcorp received approximately $18 million in cash, a 1% Net Smelter Return royalty on production, the right to receive 3,099,160 common shares of Bluestone, representing 4.9% of Bluestone's issued and outstanding common shares and 258,805 common share purchase warrants. Get free access to your research report on GG at:
http://stock-callers.com/registration/?symbol=GG
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