NEW YORK, June 6, 2017 /PRNewswire/ --
This morning, DailyStockTracker.com has initiated coverage on Barrick Gold Corp. (NYSE: ABX), Yamana Gold Inc. (NYSE: AUY), New Gold Inc. (NYSE MKT: NGD), and Harmony Gold Mining Co. Ltd (NYSE: HMY). According to Nikos Kavalis, director and founding partner of Metals Focus Ltd, an independent consultancy, gold prices will probably increase to a four-year high above $1,400 an ounce this year as a "less than inspiring" recovery means the Federal Reserve would not step up the pace of increases in borrowing costs, leaving real rates in negative territory. Toronto-Dominion Bank's Bart Melek also said that gold may touch $1,300, with a $1,275 average, in the fourth quarter. Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:
Shares in Toronto, Canada headquartered Barrick Gold Corp. saw a slight decline of 0.06%, ending Monday's trading session at $16.19. The stock recorded a trading volume of 6.86 million shares. The Company's shares have gained 1.19% in the last one month and 1.31% on an YTD basis. The stock is trading 7.08% below its 200-day moving average. Moreover, shares of Barrick Gold, which engages in the exploration and development of mineral properties in the US, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia, have a Relative Strength Index (RSI) of 37.92.
On May 29th, 2017, Barrick Gold reported that members of the AOMA union at the Veladero mine in San Juan province, Argentina have ended a work stoppage that began on May 28th, 2017. The Company continues to anticipate the resumption of normal leaching activities at Veladero in the second half of June, subject to approval by San Juan regulatory and judicial authorities. Visit us today and access your complete report on ABX for free at:
Toronto, Canada-based Yamana Gold Inc.'s stock closed the day flat at $2.57 with a total trading volume of 6.83 million shares. The Company's shares have advanced 5.33% in the past month and 1.18% in the previous three months. The stock is trading 7.42% below its 50-day moving average. Additionally, shares of Yamana Gold, which operates as a gold producer in Canada, Brazil, Chile, and Argentina, have an RSI of 40.93. The complimentary research report on AUY can be accessed at:
On Monday, shares in Toronto, Canada headquartered New Gold Inc. recorded a trading volume of 2.71 million shares. The stock ended the day 1.03% lower at $2.89. The Company's shares have advanced 9.47% in the past month and 4.33% in the previous three months. The stock is trading below its 50-day moving average by 3.18%. Furthermore, shares of New Gold, which engages in the development and operation of mineral properties, have an RSI of 47.54.
On May 18th, 2017, New Gold announced that it has completed its offering of $300 million aggregate principal amount of 6.375% Senior Notes due 2025 (the "Notes"). The Company intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the redemption of its outstanding $300 million 7.00% Senior Notes due 2020. Register for free on DailyStockTracker.com and download the research report on NGD at:
Harmony Gold Mining
Randfontein, South Africa-based Harmony Gold Mining Co. Ltd's stock dropped 1.04%, finishing yesterday's session at $1.91 with a total trading volume of 3.73 million shares. The Company's shares are trading below their 50-day moving average by 18.11%. Shares of the Company, which engages in the exploration and mining of gold in South Africa and Papua New Guinea, have an RSI of 27.60. Get free access to your research report on HMY at:
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