Technical Roundup on Gold Stocks -- Sandstorm Gold, Gold Resource, Asanko Gold, and Franco-Nevada
NEW YORK, March 9, 2017 /PRNewswire/ --
This morning, Stock-Callers.com takes a closer look at the Gold industry to see how select equities have fared at the close of the last trading session. Under evaluation are Sandstorm Gold Ltd (NYSE MKT: SAND), Gold Resource Corp. (NYSE MKT: GORO), Asanko Gold Inc. (NYSE MKT: AKG), and Franco-Nevada Corp. (NYSE: FNV). According to an article on BullionVault, gold buying eased back last month from its strongest January in five years, but it held positive again to mark the longest run of net demand since 2012. Gold prices ended February 8.3% higher for 2017 so far against the US dollar, led by fresh concerns over rising inflation. Sign up today and download for free the research reports for the stocks covered today at:
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Sandstorm Gold
On Wednesday, shares in Vancouver, Canada headquartered Sandstorm Gold Ltd recorded a trading volume of 872,201 shares. The stock ended at $4.03, declining 1.23% from the last trading session. The Company's shares have gained 1.77% over the previous three months and 3.33% on an YTD basis. The stock is trading below its 50-day moving average by 7.65%. Furthermore, shares of Sandstorm Gold, which focuses on acquiring gold and other precious metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines, have a Relative Strength Index (RSI) of 37.77.
On February 21st, 2017, Sandstorm Gold reported record attributable gold equivalent ounces sold of 13,245 ounces for Q4 2016, compared to Q4 2015 number of 8,951 ounces. The Company generated revenue of $16.5 million, compared to Q4 2015 revenue of $9.9 million. Sandstorm Gold's Q4 2016 operating cash flow was $10.1 million, compared to Q4 2015 operating cash flow of 5.0 million and net loss of $0.02 million for Q4 2016. SAND complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=SAND
Gold Resource
Colorado Springs, Colorado headquartered Gold Resource Corp.'s stock finished yesterday's session 2.94% lower at $4.29 with a total trading volume of 555,321 shares. The Company's shares are trading below their 200-day moving average by 15.96%. Shares of the company, which explores for and produces gold and silver in Mexico, have an RSI of 26.67.
On March 01st, 2017, Gold Resource announced that it will hold its annual meeting of shareholders at 8:00 a.m. MT on June 29th, 2017, at Embassy Suites located at 10250, East Costilla Avenue, Centennial, CO 80112. The Company has fixed the close of business on April 24th, 2017, as the record date for determining shareholders entitled to notice of, and to vote at, the annual meeting and any adjournments or postponements thereof. The complimentary report on GORO can be downloaded at:
http://stock-callers.com/registration/?symbol=GORO
Asanko Gold
At the close of trading on Wednesday, shares in Vancouver, Canada headquartered Asanko Gold Inc. jumped 4.72%, ending the day at $2.44. The stock recorded a trading volume of 2.61 million shares, which was above its three months average volume of 1.08 million shares. The Company's shares are trading 25.28% below their 50-day moving average. Moreover, shares of Asanko Gold, which engages in the exploration, development, and production of gold properties, have an RSI of 28.74.
On March 08th, 2017, Asanko Gold announced positive initial results from the Akwasiso drilling campaign, which is currently underway targeting an upgrade of 3.85 million tonnes ("Mt") of Inferred Resources containing 193,000 ounces of gold to an Indicated classification. Akwasiso is a large scale satellite deposit located 5 kilometers north east of the processing facility, which is in the process of being upgraded to increase throughputs from 3.6 million tonnes per annum (Mtpa) to 5Mtpa. The plant upgrade, "Project 5 Million", is tracking well ahead of schedule and expected to be completed and ready for commissioning at the beginning of Q4 2017. Sign up for your complimentary report on AKG at:
http://stock-callers.com/registration/?symbol=AKG
Franco-Nevada
Toronto, Canada headquartered Franco-Nevada Corp.'s shares ended the day 1.02% higher at $61.53. A total volume of 806,913 shares was traded, which was above their three months average volume of 778,560 shares. The stock has gained 6.73% over the previous three months and 2.96% on an YTD basis. The Company's shares are trading 3.80% below their 50-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 37.84.
On February 09th, 2017, Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of US$0.22 per share. The dividend will be paid on March 30th, 2017, to shareholders of record on March 16th, 2017.
On February 09th, 2017, research firm Goldman upgraded the Company's stock rating from 'Sell' to 'Neutral'. Download the research report for free on FNV at:
http://stock-callers.com/registration/?symbol=FNV
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