Stock Price Movements, Dividends, and Quarterly Results - Research Report on Yamana, Royal, Kinross, Agnico-Eagle Mines, and Eldorado
NEW YORK, November 27, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Yamana Gold, Inc. (NYSE: AUY), Royal Gold, Inc. (NASDAQ: RGLD), Kinross Gold Corporation (NASDAQ: KGC), Agnico-Eagle Mines Ltd. (NYSE: AEM), and Eldorado Gold Corp. (NYSE: EGO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Yamana Gold, Inc. Research Report
On November 22, 2013, Yamana Gold, Inc.'s (Yamana Gold) stock declined 0.67%, ending the day at $8.87. Over the previous three trading sessions, shares of Yamana Gold declined 4.00% compared to the Dow Jones Industrial Average which increased 0.61% during the same period. The Full Research Report on Yamana Gold, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/e1a0_AUY
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Royal Gold, Inc. Research Report
On November 20, 2013, Royal Gold, Inc. (Royal Gold) announced that its Board of Directors has raised the Company's annual dividend for its shares of common stock from $0.80 to $0.84, payable on a quarterly basis of $0.21 per share. According to the Company, the dividend of $0.21 per share declared by its Board will be payable on January 17, 2014, to shareholders of record at the close of business on January 3, 2014. The Company added that the dividend is also payable to holders of exchangeable shares of RG Exchangeco. Tony Jensen, President and CEO, commented, "This marks the 13th consecutive year of annual dividend increases by the Board. This increase reflects Royal Gold's position of strength which allows us to balance return of capital to shareholders with the pursuit of growth." The Full Research Report on Royal Gold, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/603f_RGLD
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Kinross Gold Corporation Research Report
On November 13, 2013, Kinross Gold Corporation (Kinross Gold) reported its financial results for Q3 2013. Revenue for the quarter was down 21.0% YoY to $876.3 million. Adjusted operating cash flow was reported at $256.4 million, or $0.22 per share, versus $435.5 million, or $0.38 per share, in Q3 2012. Adjusted net earnings came in at $54.4 million, or $0.05 per share, versus $251.9 million, or $0.22 per share, in Q3 2012. Reported net earnings were $46.9 million, or $0.04 per share, versus $226.2 million, or $0.20 per share, in Q3 2012. Commenting on the results, J. Paul Rollinson, CEO, said, "Our portfolio of mines delivered another excellent quarter. As a result of our strong year-to-date production we are increasing our 2013 production guidance to 2.6-2.65 million gold equivalent ounces. We are maintaining our sharp focus on operating costs and expect to be at the low end of our guidance range for all-in sustaining costs and cost of sales. Commercial production has now commenced at Dvoinoye, which is expected to contribute 235,000-300,000 incremental ounces of low-cost gold equivalent production annually to Kupol in each of its first three full years of operation. As we have all year, we remain focused on strong, consistent operational performance, reducing costs, capital discipline, and ensuring balance sheet strength." The Full Research Report on Kinross Gold Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/03c2_KGC
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Agnico-Eagle Mines Ltd. Research Report
On November 22, 2013, Agnico-Eagle Mines Ltd.'s (Agnico-Eagle Mines) stock declined 0.95%, ending the day at $26.20. Over the previous three trading sessions, shares of Agnico-Eagle Mines declined 5.99% compared to the Dow Jones Industrial Average which increased 0.61% during the same period. The Full Research Report on Agnico-Eagle Mines Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/e654_AEM
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Eldorado Gold Corp. Research Report
On November 08, 2013, Eldorado Gold Corp. (Eldorado) reported its Q3 2013 financial results. The Company's gold production for the quarter was 204,620 ounces at an average cash operating cost of $472 per ounce, versus gold production of 169,565 ounces in Q3 2012 at average cash operating cost of $493 per ounce. Eldorado reported gold sales of 199,117 ounces at an average gold price of $1,338 per ounce, compared to Q3 2012 sales of 154,841 ounces at an average gold price of $1,670. The Company reported continued strong cash generation from operating activities before changes in non-cash working capital of $104.8 million for Q3 2013, versus $110.8 million for Q3 2012. Paul N. Wright, CEO of Eldorado, commented, "During the third quarter Eldorado produced 204,620 ounces of gold at average cash operating costs of $472 per ounce, a 21% increase in gold production. Our gold mines continue to perform to plan and generate significant cash flows. With its strong balance sheet and comparatively low cost gold mining operations Eldorado is well-positioned with regard to the continuing weakness in gold prices." The Full Research Report on Eldorado Gold Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/d818_EGO
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