Technical Roundup on Gold Stocks -- Royal Gold, Tanzanian Royalty Exploration, International Tower Hill Mines, and Richmont Mines
Aug 29, 2016, 08:15 ET
NEW YORK, August 29, 2016 /PRNewswire/ --
This morning Stock-Callers.com's attention is directed to Gold which traded at $1,330 in afternoon trade in New York on Friday, August 26, 2016. Year-to-date, the metal is up over 25%, or $270 an ounce. Stocks under assessment are Royal Gold Inc. (NASDAQ: RGLD), Tanzanian Royalty Exploration Corp. (NYSE MKT: TRX), International Tower Hill Mines Ltd (NYSE MKT: THM), and Richmont Mines Inc. (NYSE MKT: RIC). Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration
Royal Gold
Denver, Colorado-based Royal Gold Inc.'s stock recorded a trading volume of 813,614 shares and finished the trading session 0.22% higher at $75.90. The Company's shares have surged 38.41% over the previous three months and 111.07% since the start of this year. The stock is trading above its 200-day moving average by 41.28%. Furthermore, shares of Royal Gold, which together with its subsidiaries, acquires and manages precious metals royalties, metal streams, and similar interests, have a Relative Strength Index (RSI) of 36.08.
On August 11th, 2016, Royal Gold reported net income attributable to stockholders of $20.4 million, or $0.32 per share, on revenue of $94.1 million in its fiscal Q4 ended June 30th, 2016. The company's earnings increased 38% compared to the prior year quarter net income of $14.8 million, or $0.23 per share, on revenue of $73.6 million. The average gold price was $1,259 per ounce, up 6% from the prior year's quarter.
On August 12th, 2016, research firm FBR Capital reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $78 a share to $80 a share. RGLD complete research report is just a click away at: http://stock-callers.com/registration/?symbol=RGLD
Tanzanian Royalty Exploration
Last Friday, Toronto, Canada-based Tanzanian Royalty Exploration Corp.'s stock recorded a trading volume of 265,874 shares and ended the session flat at 0.89%. The Company's shares have skyrocketed 106.98% over the previous three months and 229.63% on an YTD basis. The stock is trading 83.11% above its 200-day moving average. Moreover, shares of Tanzanian Royalty Exploration, which engages in the acquisition and exploration of natural resource properties in Tanzania, Africa, have an RSI of 42.39. The complimentary report on TRX can be downloaded at: http://stock-callers.com/registration/?symbol=TRX
International Tower Hill Mines
Vancouver, Canada headquartered International Tower Hill Mines Ltd's stock ended the day 1.75% higher at $1.00 and with a total volume of 261,821 shares traded. The Company's shares have gained 122.22% in the previous three months and 412.82% on an YTD basis. The stock is trading 91.53% above its 200-day moving average. Additionally, shares of International Tower Hill Mines, which engages in the acquisition and exploration of mineral properties in Canada and the US, have an RSI of 46.44.
On August 5th, 2016, International Tower Hill Mines reported net loss of $2.06 million, or $(0.02) per basic and diluted share, in Q2 compared to net loss of $2.048 million, or $(0.02) per basic and diluted share, in the year ago quarter. The company's working capital at June 30th, 2016 was negative USD 11.9 million, including consideration of the January 2017 derivative payment of USD 14.7 million. At June 30th, 2016, the company had a cash balance of $2.9 million which is expected to allow the company to advance the Livengood Gold Project through 2016. Sign up for your complimentary report on THM at: http://stock-callers.com/registration/?symbol=THM
Richmont Mines
Shares in Rouyn-Noranda, Canada headquartered Richmont Mines Inc. recorded a trading volume of 446,661 shares, which was above their three months average volume of 423,910 shares. The stock ended Friday's session 1.72% higher at $8.85. The Company's shares have surged 19.92% over the previous three months and 175.70% since the start of this year. The stock is trading above its 200-day moving average by 39.92%. Furthermore, shares of Richmont Mines, which engages in the mining, exploration, and development of mining properties in Canada, have an RSI of 37.49. On August 8th, 2016, Richmont Mines reported that revenues for the quarter were $40.6 million (US$31.5 million), consistent with Q2 2015. Company-wide All-in-Sustaining Costs for the quarter were $1,330 per ounce (US$1,032 per ounce) in-line with Q2 2015 and within current guidance estimates. Richmont Mines earnings were $2.7 million, 8% lower than Q2 2015, or $0.04 per share (US$2.1 million, or US$0.03 per share). Gold sold during the quarter was 24,888 ounces, a decrease of 10% over Q2 2015, at an average realized price of $1,628 (US$1,263) per ounce.
On August 09th, 2016, research firm CIBC downgraded the Company's stock rating from 'Sector Outperform' to 'Sector Perform'. Download the research report for free on RIC at: http://stock-callers.com/registration/?symbol=RIC
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