Technical Roundup on Gold Stocks -- Gold Resource, Asanko Gold, Franco-Nevada, and DRDGOLD

Sep 20, 2016, 07:45 ET from Chelmsford Park SA

NEW YORK, September 20, 2016 /PRNewswire/ --

Investors have been slowly exiting from Gold as the Fed's policy meeting on Wednesday, September 21, 2016 draws near. According to data released by the Commodity Futures Trading Commission for the week ended Sept. 13, net long position in gold futures and options slid 11% to 248,858 contracts, which is their biggest decline since the week ended May 24. Today, has lined up four Gold stocks for review: Gold Resource Corp. (NYSEMKT: GORO), Asanko Gold Inc. (NYSEMKT: AKG), Franco-Nevada Corp. (NYSE: FNV), and DRDGOLD Ltd (NYSE: DRD).  Sign up today and download for free the research reports for the stocks covered today at:

Gold Resource  

Colorado Springs, Colorado headquartered Gold Resource Corp.'s stock finished Monday's session flat at $6.36, with a total trading volume of 732,150 shares. Over the previous three months and since the start of this year, the Company's shares have surged 90.05% and 285.57%, respectively. The stock is trading above its 50-day and 200-day moving averages by 9.28% and 92.00%, respectively. Moreover, shares of Gold Resource, which explores for and produces gold and silver in Mexico, have a Relative Strength Index (RSI) of 56.89.

On August 15th, 2016, Gold Resource announced the purchase of 100% interest in the Isabella Pearl high-grade gold potential open pit heap leach project located in Nevada, U.S.A. from a private party, in exchange for 2,000,000 shares of Gold Resource's restricted common stock and US$100,000 cash. The project contains third party Proven and Probable Reserves of 191,400 gold ounces at an average grade of 2.18 grams gold per tonne (g/t) and is in advanced stages of engineering and production permitting. The land position totals 341 unpatented mining claims covering approximately 6,800 acres, of which 58 claims encompass the Isabella Pearl deposit and planned mine area. Gold Resource's Nevada Mining Unit now controls approximately 12,205 acres of development and exploration land in south central Nevada's Walker Lane Mineral Belt. GORO complete research report is just a click away at:

Asanko Gold  

Shares in Vancouver, Canada headquartered Asanko Gold Inc. ended yesterday's session 6.58% higher at $4.21, with a total trading volume of 550,983 shares. The stock has gained 188.36% on an YTD basis. The Company's shares are trading 44.64% above their 200-day moving average. Moreover, shares of Asanko Gold, which engages in the exploration, development, and production of gold in Ghana, have an RSI of 50.52.

On September 19th, 2016, Asanko Gold announced highly encouraging results from the new exploration target Akwasiso, which is located approximately 4 kilometers from the processing facility at the Asanko Gold Mine in Ghana, West Africa. The company stated that 10,000 meters of drilling has been completed over 81 holes, with visible gold intercepts and extensive mineralized intersections of similar style to main Nkran pit. The complimentary report on AKG can be downloaded at:


On Monday, Toronto, Canada headquartered Franco-Nevada Corp.'s stock rose 1.24%, to close the day at $71.05. A total volume of 629,777 shares was traded. The Company's shares have advanced 0.64% in the previous three months and 55.30% on an YTD basis. The stock is trading 12.15% above its 200-day moving average. Additionally, shares of Franco-Nevada, which operates as a gold-focused royalty and stream company in the US, Canada, Mexico, Peru, Chile, and Africa, have an RSI of 43.56.

On August 8th, 2016, Franco-Nevada reported $150.9 million in revenue for Q2 2016, a new record, compared to revenue of $109.4 in Q2 2015. The company posted a record 112,787 Gold Equivalent Ounces (GEOs) in Q2 2016, compared to 83,040 in Q2 2015. Franco-Nevada posted $42.3 million of net Income or $0.24 per share.

On September 9th, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Sell' to 'Hold'. The research firm also revised upwards its previous target price from $62 to $74. Sign up for your complimentary report on FNV at:


Shares in Johannesburg, South Africa headquartered DRDGOLD Ltd ended the day 2.41% higher at $5.10. A total volume of 289,834 shares was traded. The stock has gained 243.30% since the start of this year. The Company's shares are trading above their 200-day moving average by 12.68%. Furthermore, shares of DRDGOLD, which engages in the retreatment, production, and sale of gold from surface tailings in South Africa, have an RSI of 35.22. Download the research report for free on DRD at:


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