Pre-Market Technical Pulse on Gold Stocks -- Sandstorm Gold, Richmont Mines, Sibanye Gold, and Golden Star Resources
NEW YORK, Nov. 8, 2017 /PRNewswire/ --If you want a Stock Review on SAND, RIC, SBGL, or GSS then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. The Precious Metals industry is very capital intensive. Gold is the most popular precious metal for investors. It is a commodity, and, as such, the price for gold fluctuates on a daily basis in the commodity markets. For today, DailyStockTracker.com has lined up the following equities for assessment: Sandstorm Gold Ltd (NYSE AMER: SAND), Richmont Mines Inc. (NYSE: RIC), Sibanye Gold Ltd (NYSE: SBGL), and Golden Star Resources Ltd (NYSE AMER: GSS). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
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Sandstorm Gold
Vancouver, Canada headquartered Sandstorm Gold Ltd's stock finished Tuesday's session flat at $4.41 with a total trading volume of 1.07 million shares. The Company's shares have advanced 4.26% in the previous three months and 13.08% since the start of this year. The stock is trading 4.48% above its 200-day moving average. Additionally, shares of Sandstorm Gold, which focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines, have a Relative Strength Index (RSI) of 46.08.
On October 25th, 2017, Sandstorm Gold has entered into an agreement to sell US$18.2 million in debt and equity securities of Trek Mining Inc. to Ross Beaty, conditional upon the closing of the announced business combination between Trek Mining, NewCastle Gold Ltd, and Anfield Gold Corp. The combined entity intends to operate under the name Equinox Gold Corp., and will be led by Ross Beaty as Chairman and Christian Milau as CEO. SAND complete research report is just a click away at:
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Richmont Mines
On Tuesday, shares in Rouyn-Noranda, Canada headquartered Richmont Mines Inc. recorded a trading volume of 202,845 shares. The stock ended the session 2.82% lower at $8.60. The Company's shares have advanced 12.42% in the previous three months and 32.31% on an YTD basis. The stock is trading 5.35% above its 200-day moving average. Moreover, shares of Richmont Mines, which engages in the mining, exploration, and development of mining properties in Canada, have an RSI of 38.59.
On November 06th, 2017, Richmont Mines and Alamos Gold Inc. announced that Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC, two leading proxy advisory firms, have recommended that both companies' shareholders vote "FOR" the plan of arrangement, whereby Alamos will acquire all of the issued and outstanding shares of Richmont at their special meetings of shareholders to be held on November 16th, 2017. The complimentary report on RIC can be downloaded at:
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Sibanye Gold
Westonaria, South Africa headquartered Sibanye Gold Ltd's shares closed the day 1.08% lower at $5.47. The stock recorded a trading volume of 1.48 million shares. The Company's shares have gained 14.44% in the last month and 18.32% on an YTD basis. The stock is trading 6.91% and 2.81% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Sibanye Gold, which operates as a precious metals mining company in South Africa, Zimbabwe, and the US, have an RSI of 67.63.
On October 13th, 2017, research firm Deutsche Bank upgraded the Company's stock rating from 'Sell' to 'Hold'. Sign up for your complimentary report on SBGL at:
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Golden Star Resources
Shares in Toronto, Canada headquartered Golden Star Resources Ltd finished 2.36% lower at $0.79. The stock recorded a trading volume of 1.74 million shares, which was higher than its three months average volume of 1.62 million shares. The Company's shares have advanced 4.69% in the last one month, 7.71% in the previous three months, and 5.47% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.97% and 3.95%, respectively. Furthermore, shares of Golden Star Resources, which operates as a gold mining and exploration company, have an RSI of 52.49.
On November 01st, 2017, Golden Star Resources reported its financial and operational results for the third quarter ended September 30th, 2017. Gold revenues for Q3 2017 totaled $87.8 million from gold sales of 74,379 ounces at an average realized gold price of $1,233 per ounce. Cost of sales, excluding depreciation and amortization, for the quarter totaled $53.5 million, net income was $12.1 million, and cash provided by operations was $23.7 million. Download the research report for free on GSS at:
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