NEW YORK, August 28, 2017 /PRNewswire/ --
If you want a Stock Review on EGO, MUX, NG, or GOLD then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com draws investors' attention to the following equities: Eldorado Gold Corp. (NYSE: EGO), McEwen Mining Inc. (NYSE: MUX), NovaGold Resources Inc. (NYSE MKT: NG), and Randgold Resources Ltd (NASDAQ: GOLD). Gold companies engage in the exploration and production of gold from mines. They have profits that are positively correlated with the price of gold. 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 1.55% higher at $1.96. The stock recorded a trading volume of 4.17 million shares. The Company's shares are trading below their 50-day moving average by 15.79%. 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 39.57.
On July 31st, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'.
On August 03rd, 2017, Eldorado Gold provided an update on Greece. George Burns, the Company's President and CEO, commented: "While the press release [of the Greek Ministry of Energy and Environment] did not result in any additional clarity regarding the details of the intended arbitration by the Greek government, the Ministry stated that this is the best path forward in resolving all outstanding issues with the Company's projects. To be clear, we have not yet received formal notice of arbitration and permits applied for remain unissued." 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 flat at $2.34 with a total trading volume of 2.16 million shares. The Company's shares are trading below their 50-day moving average by 7.05%. 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 43.95.
On August 10th, 2017, McEwen Mining announced that it has reached an agreement with Primero Mining Corp. to purchase its Black Fox Complex and associated assets and liabilities located in the world-famous gold mining camp of Timmins, Canada. The agreed purchase price is $35 million, subject to closing adjustments. Definitive documentation is expected to be completed before the end of August. The complimentary research report on MUX can be downloaded at: http://dailystocktracker.com/registration/?symbol=MUX
Shares in Vancouver, Canada-based NovaGold Resources Inc. ended the session 0.69% lower at $4.30 with a total trading volume of 1.17 million shares. The stock has gained 8.86% over the previous three months. The Company's shares are trading below their 50-day moving average by 1.46%. Moreover, shares of NovaGold Resources, which explores and develops mineral properties in Canada and the US, have an RSI of 51.02. Register for free on DailyStockTracker.com and access the latest report on NG at: http://dailystocktracker.com/registration/?symbol=NG
St. Helier, Channel Islands-based Randgold Resources Ltd's shares recorded a trading volume of 504,370 shares. The stock closed 0.24% lower at $97.31. The Company's shares have gained 5.86% in the past month, 5.26% in the previous three months, and 27.47% since the start of this year. The stock is trading 6.17% and 11.80% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Randgold Resources, which together with its subsidiaries, engages in exploring, developing, and operating gold mines in west and east Africa, have an RSI of 61.74.
On August 03rd, 2017, Randgold Resources reported Q2 2017 results. For the quarter, old sales were $422.1 million; total cash costs were $192.4 million; and total cash cost per ounce was $572. For Q2 2017, profit from mining was $229.7; exploration and corporate expenditure was $12.8 million; and depreciation and amortization was $42.2 million. Get free access to your research report on GOLD at: http://dailystocktracker.com/registration/?symbol=GOLD
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