Technical Coverage on Select Basic Materials' Stocks -- Alamos Gold, Sibanye Gold, Banro, and PBF Energy

Jul 22, 2016, 08:30 ET from Chelmsford Park SA

NEW YORK, July 22, 2016 /PRNewswire/ --

Following a rough start to the year due to a decline in commodity price and a weak Chinese economy, the Basic Materials sector is now in a much better shape, and investors see some positive signs of growth. Today's stocks in review on are Alamos Gold Inc. (NYSE: AGI), Sibanye Gold Ltd (NYSE: SBGL), Banro Corp. (NYSE MKT: BAA), and PBF Energy Inc. (NYSE: PBF). Learn more about these stocks by accessing their free notes at:

Alamos Gold  

Toronto, Canada headquartered Alamos Gold Inc.'s stock finished Thursday's session 3.97% higher at $8.91 with a total volume of 1.32 million shares traded. The Company's shares have advanced 17.08% in the past month, 40.31% in the previous three months, and 170.82% on an YTD basis. The stock is trading 12.88% above its 50-day moving average and 71.66% above its 200-day moving average. Additionally, shares of Alamos Gold, which explores for, mines, develops, and produces gold deposits in the U.S. and Canada, have a Relative Strength Index (RSI) of 51.32.

On June 30th, 2016, Alamos Gold announced plans to release its second quarter 2016 financial results before the start of trading on August 10th, 2016. On the same day senior management will host a conference call at 10:00 am ET to discuss the results.

On July 12th, 2016, research firm Bank of America/ Merrill resumed its 'Buy' rating for the Company's stock. See our complete notes on AGI at: 

Sibanye Gold  

On Thursday, shares in Westonaria, South Africa-based Sibanye Gold Ltd recorded a trading volume of 1.73 million shares, which was above their three months average volume of 1.63 million shares. The stock ended the session 4.82% higher at $17.61. The Company's shares have surged 53.53% in the last one month, 17.01% over the previous three months, and 194.10% since the start of this year. The stock is trading 30.70% above its 50-day moving average and 65.38% above its 200-day moving average. Moreover, shares of Sibanye Gold, which owns and operates underground and surface gold operations in South Africa, have an RSI of 72.18.  

On July 11th, 2016, Bloomberg reported that Sibanye Gold will start talks with unions that may affect about 2,500 jobs after its Cooke 4 operation failed to meet production goals. SBGL free notes is just a click away at: 


Shares in Toronto, Canada headquartered Banro Corp. closed the day 2.20% lower at $0.40. The stock recorded a trading volume of 960,015 shares. The Company's shares have gained 33.67% in the last month; 29.35% in the previous three months; and 100.50% on an YTD basis. The stock is trading 21.15% above its 50-day moving average and 60.21% above its 200-day moving average. Additionally, shares of Banro, which together with its subsidiaries, engages in the exploration, development, and production of mineral properties, have an RSI of 56.94.

On July 12th, 2016, Banro announced its operating results for the second quarter of 2016. The company reported that Twangiza and Namoya produced a combined 49,673 ounces of gold during the second quarter of 2016, for year-to-date total production of 93,865 ounces of gold. Both figures represent record production levels for the Company. Gold production in the first half is in-line with 2016 production guidance, with the second half expected to deliver the bulk of annual production. Sign up for your complimentary notes on BAA at: 

PBF Energy  

At the close, shares in Parsippany, New Jersey-based PBF Energy Inc. ended at $22.20, which was a decline of 1.29%. The stock recorded a trading volume of 1.59 million shares. The Company's shares are trading below their 50-day moving average by 11.39%. Furthermore, shares of PBF Energy, which together with its subsidiaries, engages in the refining and supply of petroleum products, have an RSI of 40.99.

On July 01st, 2016, PBF Energy announced that it has completed the acquisition of the 155,000 barrel-per-day Torrance refinery, and related logistics assets, from ExxonMobil. With the acquisition, PBF Energy increased its total throughput capacity to approximately 900,000 barrels per day and has become the fourth largest independent refiner in North America. The purchase price for the assets was $537.5 million, plus working capital. PBF financed the transaction with a combination of cash, including proceeds from its $350 million public equity offering in October of 2015, and borrowings under its existing revolving credit facility.

On July 11th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. The research firm also revised its previous target price downwards from $33 to $21. Register for free on and access the latest notes on PBF at:


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