Research Reports on Gold Equities -- B2Gold, New Gold, Harmony Gold Mining, and AngloGold Ashanti

Sep 19, 2016, 07:00 ET from Chelmsford Park SA

NEW YORK, September 19, 2016 /PRNewswire/ -- has issued research reports on four Gold equities, namely: B2Gold Corp. (NYSE MKT: BTG), New Gold Inc. (NYSE MKT: NGD), Harmony Gold Mining Co. Ltd (NYSE: HMY), and AngloGold Ashanti Ltd (NYSE: AU). On Friday, September 16, 2016, Gold futures ended at their lowest level in almost three months, closing the week with a nearly 2% loss. Let us now see how the aforementioned stocks fared over the last few trading sessions. Learn more about these stocks by accessing their free research reports at:


Vancouver, Canada headquartered B2Gold Corp.'s stock finished Friday's session at $2.74, rising 1.86%. A total volume of 94.37 million shares was traded, which was above their three months average volume of 5.65 million shares. Over the previous three months and since the start of this year, the Company's shares have surged 24.55% and 168.63%, respectively. The stock is trading above its 200-day moving average by 44.25%. Moreover, 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 a Relative Strength Index (RSI) of 45.41.

On August 11th, 2016, B2Gold announced that it has entered into an equity distribution agreement with Canaccord Genuity Corp. and Canaccord Genuity Inc. and HSBC Securities (Canada) Inc. and HSBC Securities (USA) Inc. Under the agreement, the company will be entitled, at its discretion and from time-to-time during the term of the Equity Distribution Agreement, to sell, through the Agents, such number of common shares of the company having an aggregate gross offering price of up to US$100,000,000. Free research report on BTG is available at:

New Gold  

Shares in Vancouver, Canada-based New Gold Inc. ended the session 1.33% lower at $4.44. A total volume of 8.09 million shares was traded, which was higher than their three months average volume of 5.69 million shares. The stock has gained 8.03% in the previous three months and 91.38% on an YTD basis. The Company's shares are trading 14.93% above their 200-day moving average. Moreover, shares of New Gold, which engages in the acquisition, exploration, development, and operation of mineral properties, have an RSI of 39.37.

On September 7th, 2016, New Gold provided an update on the construction of the company's Rainy River project, located in northwestern Ontario, which remains on schedule for its targeted mid-2017 start-up. The company's overall construction progress over 45% complete and concrete placement over 85% complete. Once in production, Rainy River should generate significant gold production growth for New Gold with expected average annual production of 325,000 ounces at low all-in sustaining costs.

On September 16th, 2016, research firm Desjardins upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary research report on NGD can be downloaded at:

Harmony Gold Mining  

Last Friday, Randfontein, South Africa-based Harmony Gold Mining Co. Ltd's stock saw a drop of 3.74%, to close the day at $3.35. A total volume of 19.35 million shares was traded, which was above their three months average volume of 5.20 million shares. The Company's shares have surged 264.03% on an YTD basis. The stock is trading 8.80% above its 200-day moving average. Additionally, shares of Harmony Gold Mining, which engages in the exploration and mining of gold in South Africa and Papua New Guinea, have an RSI of 37.91.

On August 16th, 2016, Bloomberg reported that Harmony Gold Mining will effectively stop mining Kusasalethu in five years, reducing the life of its third-largest mine by about 19 years. As per the article, the new plan lowers the company's reserves 13% to 36.9 million ounces in the year that started June 30. Even as it winds down Kusasalethu, previously its biggest mine, Harmony is planning to increase production to 1.5 million ounces a year at an all-in sustaining cost of $950 an ounce over the next three years. Visit us today and access our complete research report on HMY at:

AngloGold Ashanti  

Shares in Johannesburg, South Africa headquartered AngloGold Ashanti Ltd ended the day 1.80% lower at $15.25. A total volume of 4.20 million shares was traded, which was above their three months average volume of 3.98 million shares. The stock has gained 114.79% since the start of this year. The Company's shares are trading above their 200-day moving average by 7.90%. Furthermore, shares of AngloGold Ashanti, which operates as a gold mining and exploration company, have an RSI of 31.22.

As per a Bloomberg's article published on August 15th, AngloGold Ashanti will consider resuming dividend payments next year after a four-year hiatus as higher bullion prices, weaker currencies in countries where it operates and lower interest payments boost the free cash flow of the world's third-largest miner of the metal. Get free access to your research report on AU at:


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