StockCall Scrutinizes Newmont, Hecla, Harmony Gold, Golden Star Resources, and First Majestic Silver
LONDON, April 9, 2013 /PRNewswire/ --
Markets shook off Monday's losses and all major indices showed good gains for the session. However, basic material sector failed to follow the lead and major precious stocks perform poorly as gold seems to be losing its safe investment haven status. Our research team tracked Newmont Mining Corp (NYSE: NEM), Hecla Mining Company (NYSE: HL), Harmony Gold Mining (NYSE: HMY), Gold Star Resources Ltd. (NYSE: GSS) and First Majestic Silver Corp (NYSE: AG) in the gold and silver industries. StockCall reviewed the Precious Metals industry and chose NEM, HL, HMY, GSS, and AG for its technical coverage. These free reports can be seen for free at
http://www.stockcall.com/signup
Newmont Mining Corp. traded in the range of $38.74 and $39.52 during Monday's trading session. It opened at $39.36 and closed at $39.01, down 0.91 percent. The stock is currently in a neutral mode and has its first resistance level at $41.92. Upon breaching this level, Newmont Mining Corp. may go as high as $45.45. It traded 6.58 million shares and is above its 20-day moving average price. Its first support level is at $38.58. So far in year 2013, the stock is down 13.37 percent. The gold mining company is a neutral stock with 0.33 beta coefficient. Download the free research on NEM by signing up now at
http://www.StockCall.com/NEM040913.pdf
Despite the uptrend shown by broad market indices, Hecla Mining Company's stock finished 1.60 percent lower at $3.70, with volume down from daily average of 6.45 million to 2.29 million. The silver mining company's stock is down so far in 2013 with a year-to-date decline of 34.28 percent. However, the stock currently shows a neutral trend which is further confirmed by its MACD chart. Hecla Mining has its first support level at $3.55. In the coming trading sessions, the stock is likely to go as high as $3.88. Register for today's free analysis on HL at
http://www.StockCall.com/HL040913.pdf
Harmony Gold Mining Co.'s stock is in a neutral mode and is trading in-line with its 20-day SMA of $6.00. It ended its latest trading session 0.99 percent lower at $6.00, and the stock oscillated in the range of $5.95 and $6.10 during Monday's session. The stock trades at Price/Earnings ratio of 10.91. Harmony Gold is expected to face its first resistance level at $6.20. Free report on HMY can be accessed by registering at
http://www.StockCall.com/HMY040913.pdf
Gold Star Resources Ltd's stock closed at $1.39, 2.11 percent lower yesterday. The stock traded in the range of $1.37 and $1.423 during the session and is currently marginally above its 20-day moving average price of $1.38. Gold Star declined 20.57 percent so far this year. Its beta is 1.12 making it a mildly volatile stock. The company's stock is in a bearish phase and its first resistance level is at $1.45. On the downside, its first support is at $1.23. Upon breaching this level, its second support level is at $1.10. Register with StockCall and download the research on GSS for free at
http://www.StockCall.com/GSS040913.pdf
Shares of First Majestic Silver Corp edged lower in its latest trading session, in contrast to gains shown by broad market. The stock closed 2.26 percent lower at $14.73 on below average volume of 503,818. First Majestic Silver's shares have declined more than 24 percent this year, underperforming the broad market. It has support at $14.52. The stock is trading below it 20-day and 50-day moving averages, confirming the bearish trend. Read the full free research on AG by signing up to StockCall at
http://www.StockCall.com/AG040913.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
SOURCE StockCall.com
Share this article