NEW YORK, June 12, 2017 /PRNewswire/ --
DailyStockTracker.com revisits the Gold space to see how select stocks have performed at the closing bell on Friday, June 09th, 2017: Eldorado Gold Corp. (NYSE: EGO), McEwen Mining Inc. (NYSE: MUX), AngloGold Ashanti Ltd (NYSE: AU), and Primero Mining Corp. (NYSE: PPP). As per an article on FX Empire, now that the ECB, the Comey's testimony, and the UK vote are in the rear-view mirror, traders can focus on the Fed, which is scheduled to meet on June 14th, 2017. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at: http://dailystocktracker.com/register/
Last Friday at the close, shares in Vancouver, Canada headquartered Eldorado Gold Corp. ended 1.40% higher at $2.90. The stock recorded a trading volume of 6.02 million shares. The Company's shares are trading below their 200-day moving average by 13.78%. Furthermore, shares of Eldorado Gold, which together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, and Romania, have a Relative Strength Index (RSI) of 35.46.
On May 15th, 2017, Eldorado Gold announced that it has entered into a definitive agreement with Integra Gold Corp. ("Integra"), pursuant to which the former has agreed to acquire all of the issued and outstanding common shares of Integra that it does not currently own, by way of a plan of arrangement under the Business Corporations Act. The total transaction value is approximately C$590 million, inclusive of Integra's shares held by Eldorado. Sign up and read the free research report on EGO at: http://dailystocktracker.com/registration/?symbol=EGO
Toronto, Canada headquartered McEwen Mining Inc.'s stock finished Friday's session 5.42% lower at $2.62 with a total trading volume of 3.20 million shares. The Company's shares are trading below their 50-day moving average by 10.26%. Shares of the Company , which explores for, develops, produces, and sells gold, silver, and copper ores in Argentina, Mexico, and the US, have an RSI of 39.93.
On May 31st, 2017, McEwen Mining announced the results of the annual meeting of shareholders held on May 25th, 2017. The Company's shareowners elected as directors were: Robert McEwen, Allen Ambrose, Michele Ashby, Leanne Baker, Richard Brissenden, Robin Dunbar, Gregory Fauquier, Donald Quick, and Michael Stein. Shareowners also approved the issuance to Robert McEwen of 405,740 shares of the Company's common stock upon conversion of subscription receipts issued as part of the acquisition of Lexam VG Gold Inc. The complimentary research report on MUX can be downloaded at: http://dailystocktracker.com/registration/?symbol=MUX
Shares in Johannesburg, South Africa headquartered AngloGold Ashanti Ltd ended the session 1.73% lower at $11.95 with a total trading volume of 3.74 million shares. The stock has gained 9.33% in the past month, 19.38% over the previous three months, and 13.70% on an YTD basis. The Company's shares are trading above their 50-day moving average by 2.61%. Moreover, shares of AngloGold Ashanti, which operates as a gold mining and exploration company, have an RSI of 53.42. Register for free on DailyStockTracker.com and access the latest report on AU at: http://dailystocktracker.com/registration/?symbol=AU
Toronto, Canada-based Primero Mining Corp.'s shares recorded a trading volume of 1.21 million shares, which was above their three months average volume of 1.20 million shares. The stock closed 2.34% lower at $0.36. The Company's shares are trading 26.30% below their 50-day moving average. Additionally, shares of Primero Mining, which engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico, have an RSI of 31.72.
On May 16th, 2017, research firm Desjardins downgraded the Company's stock rating from 'Hold' to 'Sell'.
On June 02nd, 2017, Primero Mining announced an update of activities at its operating mines, the San Dimas gold-silver mine located in Durango, Mexico and the Black Fox mine located near Timmins, Ontario, Canada. The Company continues to see operational improvements at both of its mines, and it remains on-track to achieve its 2017 production guidance of between 140,000 to 170,000 ounces of gold equivalent. Get free access to your research report on PPP at: http://dailystocktracker.com/registration/?symbol=PPP
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