Gold Stocks Under Review -- Yamana Gold, Kinross Gold, Barrick Gold, and Goldcorp
NEW YORK, October 28, 2016 /PRNewswire/ --
Stock-Callers.com assesses the following Gold equities: Yamana Gold Inc. (NYSE: AUY), Kinross Gold Corp. (NYSE: KGC), Barrick Gold Corp. (NYSE: ABX), and Goldcorp Inc. (NYSE: GG). On Thursday, October 27, 2016, Gold traded at $1,270 an ounce in early morning trade in New York. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Yamana Gold
Toronto, Canada-based Yamana Gold Inc.'s stock finished Thursday's session at $3.60, dropping 2.17%. A total volume of 23.81 million shares was traded, which was above their three months average volume of 19.84 million shares. Since the start of this year, the Company's shares have surged 94.30%. The stock is trading below its 200-day moving average by 12.07%. Moreover, shares of Yamana Gold, which engages in the exploration and development of precious metal properties in Brazil, Argentina, Chile, Mexico, and Canada, have a Relative Strength Index (RSI) of 39.77.
On October 27th, 2016, Yamana Gold reported revenue of $464.3 million for Q3 2016, an increase of $39.9 million compared to Q3 2015 due to higher realized gold and silver prices, partly offset by lower silver and copper production and lower realized copper price. The company posted net loss of $2.1 million, or $0.00 per share, an increase of $104.9 million, or $0.11 per share, compared to Q3 2015. Cash flows from operating activities after net change in working capital were $178.6 million in Q3 2016, an increase of $94.2 million compared to Q3 2015. Sign up and read the free research report on AUY at:
http://stock-callers.com/registration/?symbol=AUY
Kinross Gold
Shares in Toronto, Canada headquartered Kinross Gold Corp. ended yesterday's session 1.32% lower at $3.74 with a total trading volume of 13.34 million shares. The stock has gained 105.49% on an YTD basis. The Company's shares are trading 8.74% below their 200-day moving average. Moreover, shares of Kinross Gold, which together with its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties, have an RSI of 45.45.
On October 04th, 2016, Kinross Gold announced that it has agreed to a new three-year collective labor agreement (CLA) with unionized employees at its Tasiast mine in Mauritania. The Company and the Government of Mauritania have also agreed to a "Mauritanization" plan to increase the number of local workers at Tasiast, a requirement under Mauritanian law. Tasiast resumed normal mining and processing activities in mid-August after resolving the expatriate work permit issue, which was part of the Mauritanization plan agreement. The complimentary research report on KGC can be downloaded at:
http://stock-callers.com/registration/?symbol=KGC
Barrick Gold
On Thursday, Canada headquartered Barrick Gold Corp.'s stock rose 1.20%, to close the day at $16.85. A total volume of 13.32 million shares was traded. The Company's shares have advanced 129.18% on an YTD basis. The stock is trading 0.39% above 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 an RSI of 51.31.
On October 03rd, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy'.
On October 26th, 2016, Barrick Gold reported net earnings of $175 million ($0.15 per share) for Q3 2016, compared to a net loss of $264 million ($0.23 per share) in Q3 2015. The company reported revenues of $2.30 billion in Q3 2016 compared to $2.32 billion in the prior year's period. Operating cash flow in Q3 2016 was $951 million compared to $1.26 billion in Q3 2015. Register for free on Stock-Callers.com and access the latest report on ABX at:
http://stock-callers.com/registration/?symbol=ABX
Goldcorp
Shares in Canada headquartered Goldcorp Inc. ended the day 3.66% lower at $14.76. A total volume of 9.07 million shares was traded, which was above their three months average volume of 8.44 million shares. The stock has gained 28.53% since the start of this year. The Company's shares are trading below their 50-day moving average by 6.97%. Furthermore, shares of Goldcorp, which engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the US, Mexico, and Central and South America, have an RSI of 44.87.
On October 20th, 2016, research firm Desjardins upgraded the Company's stock rating from 'Hold' to 'Buy'.
On October 26th, 2016, Goldcorp reported net earnings attributable to its shareholders of $59 million, or $0.07 per share, compared to a net loss of $192 million, or loss of $0.23 per share in Q3 2015. The company reported Q3 2016 operating cash flows of $267 million and adjusted operating cash flows of $341 million. Gold production of 715,000 ounces at all-in sustaining costs ("AISC") of $812 per ounce, compared to 922,000 ounces at AISC of $858 per ounce in Q3 2015. Get free access to your research report on GG at:
http://stock-callers.com/registration/?symbol=GG
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