Gold Stocks Under Review -- New Gold, B2Gold, AngloGold Ashanti, and McEwen Mining
NEW YORK, February 7, 2017 /PRNewswire/ --
Stock-Callers.com today brings focus on New Gold Inc. (NYSE MKT: NGD), B2Gold Corp. (NYSE MKT: BTG), AngloGold Ashanti Ltd (NYSE: AU), and McEwen Mining Inc. (NYSE: MUX). According to a report from the World Gold Council released last Friday, February 03rd, 2017, global investment demand for Gold jumped 70% year-on-year in 2016 to the highest level in four years, buoyed in part by the uncertain path of future interest-rate increases and the US election. Investment demand of the yellow metal rose to 1,561.1 metric tons in 2016, from 918.7 metric tons a year earlier, and inflows of gold into exchange-traded funds for the year were at their strongest since 2009. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
New Gold
On Monday, shares in Toronto, Canada headquartered New Gold Inc. recorded a trading volume of 11.70 million shares, which was above their three months average volume of 6.49 million shares. The stock ended at $2.88, declining 1.03% from the last trading session. The Company's shares are trading below their 50-day moving average by 20.87%. Furthermore, shares of New Gold, which engages in the development and operation of mineral properties, have a Relative Strength Index (RSI) of 31.94.
On January 30th, 2017, New Gold reported full-year 2016 gold production of 381,663 ounces, while its copper production for full year 2016 was 102 million pounds. For Full year 2017, New Gold is forecasting gold production to increase to 380,000 to 430,000 ounces, Copper production to remain consistent at 100 to 110 million pounds. New Gold also announced that Randall Oliphant will step down as Executive Chairman, continuing as a member of the Board. Hannes Portmann, currently President of the Company, to become President and CEO.
On January 31st, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'. Sign up and read the free research report on NGD at:
http://stock-callers.com/registration/?symbol=NGD
B2Gold
Vancouver, Canada headquartered B2Gold Corp.'s stock finished yesterday's session 8.04% higher at $3.36. A total volume of 7.83 million shares was traded, which was above their three months average volume of 4.62 million shares. The Company's shares have gained 20.86% in the last one month, 13.90% over the previous three months, and 41.77% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 30.42% and 30.03%, respectively. Furthermore, shares of B2Gold, which engages in the acquisition, exploration, and development of mineral properties in Nicaragua, the Philippines, Namibia, Mali, Colombia, Burkina Faso, Finland, and Chile, have an RSI of 74.79.
On February 05th, 2017, B2Gold reported record annual consolidated gold production of 550,423 ounces of gold, achieving revised production guidance of 535,000 to 575,000 ounces. The Company posted record annual consolidated gold revenue of $683.3 million on record sales of 548,281 ounces at an average price of $1,246 per ounce. For full year 2017, B2Gold expects consolidated gold production to be in the range of between 545,000 and 595,000 ounces. The complimentary research report on BTG can be downloaded at:
http://stock-callers.com/registration/?symbol=BTG
AngloGold Ashanti
At the closing bell on Monday, shares in Johannesburg, South Africa headquartered AngloGold Ashanti Ltd rose 2.38%, ending the day at $13.34. The stock recorded a trading volume of 3.48 million shares. The Company's shares have advanced 11.26% in the last one month and 26.93% since the start of this year. The stock is trading 18.88% above its 50-day moving average. Moreover, shares of AngloGold Ashanti, which operates as a gold mining and exploration company, have an RSI of 68.05. Register for free on Stock-Callers.com and access the latest report on AU at:
http://stock-callers.com/registration/?symbol=AU
McEwen Mining
Toronto, Canada headquartered McEwen Mining Inc.'s stock ended the day 6.47% higher at $4.28. A total volume of 5.17 million shares was traded, which was higher than their three months average volume of 4.20 million shares. The Company's shares have gained 14.58% in the last month, 23.50% over the previous three months, and 47.27% on an YTD basis. The stock is trading 29.44% above its 50-day moving average and 25.38% above its 200-day moving average. Additionally, shares of McEwen Mining, which explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the US, have an RSI of 69.83.
On January 16th, 2017, McEwen Mining announced full year 2016 consolidated production of 145,530 gold equivalent ounces, using a gold to silver ratio of 75:1, or 101,482 gold ounces and 3,303,709 silver ounces. As at December 31st, 2016, McEwen Mining had no debt and liquid assets of $64 million composed of $36 million in cash, $21 million in precious metals, and $7 million in marketable securities. Get free access to your research report on MUX at:
http://stock-callers.com/registration/?symbol=MUX
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