Research Reports on Gold Equities -- B2Gold, New Gold, Harmony Gold Mining, and AngloGold Ashanti
NEW YORK, September 19, 2016 /PRNewswire/ --
Stock-Callers.com has issued research reports on four Gold equities, namely: B2Gold Corp. (NYSE MKT: BTG), New Gold Inc. (NYSE MKT: NGD), Harmony Gold Mining Co. Ltd (NYSE: HMY), and AngloGold Ashanti Ltd (NYSE: AU). On Friday, September 16, 2016, Gold futures ended at their lowest level in almost three months, closing the week with a nearly 2% loss. Let us now see how the aforementioned stocks fared over the last few trading sessions. Learn more about these stocks by accessing their free research reports at:
http://stock-callers.com/registration
B2Gold
Vancouver, Canada headquartered B2Gold Corp.'s stock finished Friday's session at $2.74, rising 1.86%. A total volume of 94.37 million shares was traded, which was above their three months average volume of 5.65 million shares. Over the previous three months and since the start of this year, the Company's shares have surged 24.55% and 168.63%, respectively. The stock is trading above its 200-day moving average by 44.25%. Moreover, shares of B2Gold, which engages in the acquisition, exploration, and development of mineral properties in Nicaragua, the Philippines, Namibia, Mali, Colombia, Burkina Faso, Finland, and Chile, have a Relative Strength Index (RSI) of 45.41.
On August 11th, 2016, B2Gold announced that it has entered into an equity distribution agreement with Canaccord Genuity Corp. and Canaccord Genuity Inc. and HSBC Securities (Canada) Inc. and HSBC Securities (USA) Inc. Under the agreement, the company will be entitled, at its discretion and from time-to-time during the term of the Equity Distribution Agreement, to sell, through the Agents, such number of common shares of the company having an aggregate gross offering price of up to US$100,000,000. Free research report on BTG is available at:
http://stock-callers.com/registration/?symbol=BTG
New Gold
Shares in Vancouver, Canada-based New Gold Inc. ended the session 1.33% lower at $4.44. A total volume of 8.09 million shares was traded, which was higher than their three months average volume of 5.69 million shares. The stock has gained 8.03% in the previous three months and 91.38% on an YTD basis. The Company's shares are trading 14.93% above their 200-day moving average. Moreover, shares of New Gold, which engages in the acquisition, exploration, development, and operation of mineral properties, have an RSI of 39.37.
On September 7th, 2016, New Gold provided an update on the construction of the company's Rainy River project, located in northwestern Ontario, which remains on schedule for its targeted mid-2017 start-up. The company's overall construction progress over 45% complete and concrete placement over 85% complete. Once in production, Rainy River should generate significant gold production growth for New Gold with expected average annual production of 325,000 ounces at low all-in sustaining costs.
On September 16th, 2016, research firm Desjardins upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary research report on NGD can be downloaded at:
http://stock-callers.com/registration/?symbol=NGD
Harmony Gold Mining
Last Friday, Randfontein, South Africa-based Harmony Gold Mining Co. Ltd's stock saw a drop of 3.74%, to close the day at $3.35. A total volume of 19.35 million shares was traded, which was above their three months average volume of 5.20 million shares. The Company's shares have surged 264.03% on an YTD basis. The stock is trading 8.80% above its 200-day moving average. Additionally, shares of Harmony Gold Mining, which engages in the exploration and mining of gold in South Africa and Papua New Guinea, have an RSI of 37.91.
On August 16th, 2016, Bloomberg reported that Harmony Gold Mining will effectively stop mining Kusasalethu in five years, reducing the life of its third-largest mine by about 19 years. As per the article, the new plan lowers the company's reserves 13% to 36.9 million ounces in the year that started June 30. Even as it winds down Kusasalethu, previously its biggest mine, Harmony is planning to increase production to 1.5 million ounces a year at an all-in sustaining cost of $950 an ounce over the next three years. Visit us today and access our complete research report on HMY at:
http://stock-callers.com/registration/?symbol=HMY
AngloGold Ashanti
Shares in Johannesburg, South Africa headquartered AngloGold Ashanti Ltd ended the day 1.80% lower at $15.25. A total volume of 4.20 million shares was traded, which was above their three months average volume of 3.98 million shares. The stock has gained 114.79% since the start of this year. The Company's shares are trading above their 200-day moving average by 7.90%. Furthermore, shares of AngloGold Ashanti, which operates as a gold mining and exploration company, have an RSI of 31.22.
As per a Bloomberg's article published on August 15th, AngloGold Ashanti will consider resuming dividend payments next year after a four-year hiatus as higher bullion prices, weaker currencies in countries where it operates and lower interest payments boost the free cash flow of the world's third-largest miner of the metal. Get free access to your research report on AU at:
http://stock-callers.com/registration/?symbol=AU
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article