Stock Review for Gold's Investors -- Harmony Gold Mining, Barrick Gold, IAMGOLD, and Gold Fields
NEW YORK, Dec. 6, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on HMY, ABX, IAG, and GFI which is a click away at www.wallstequities.com/registration. Featured on WallStEquities.com are the following stocks: Harmony Gold Mining Co. Ltd (NYSE: HMY), Barrick Gold Corp. (NYSE: ABX), IAMGOLD Corp. (NYSE: IAG), and Gold Fields Ltd (NYSE: GFI). According to a report by BMI Research, global gold mine output growth will pick up over the coming quarters, supported by higher gold prices and solid project pipelines in key countries. The research firm stated: "We forecast global gold production to increase from 105moz in 2018 to 125moz by 2026, averaging 2.3% annual growth." Sign up today for free and learn why our members refer to our research coverage as the 'best out there': www.wallstequities.com/registration
Harmony Gold Mining
On Tuesday, shares in Randfontein, South Africa-based Harmony Gold Mining Co. Ltd recorded a trading volume of 2.07 million shares. The stock ended the day at $1.78, dropping 2.73% from the last trading session. The Company's shares have advanced 0.56% in the past month. The stock is trading below its 50-day moving average by 1.32%. Furthermore, shares of the Company, which engages in the exploration and mining of gold in South Africa and Papua New Guinea, have a Relative Strength Index (RSI) of 44.63.
On November 20th, 2017, Harmony Gold Mining announced that its November 15th, 2017, presentation from its Executive: Ore reserves management, Jaco Boshoff, is now available for on-demand viewing in the dbVIC Deutsche Bank American Depositary Receipt Virtual Investor Conference. Signing up now gives you access to the free research coverage on HMY at: www.wallstequities.com/registration/?symbol=HMY
Barrick Gold
Toronto, Canada headquartered Barrick Gold Corp.'s stock saw a correction of 1.01%, finishing yesterday's session at $13.77. A total volume of 12.47 million shares was traded, which was above their three months average volume of 9.37 million shares. The Company's shares are trading below their 50-day moving average by 8.96%. Additionally, shares of Barrick Gold have an RSI of 34.21.
On November 30th, 2017, research firm Citigroup downgraded the Company's stock rating from 'Buy' to 'Sell'.
On December 01st, 2017, Barrick Gold ("ABX") announced that it has acquired 48,000,000 common shares of Reunion Gold Corporation ("Reunion") in a non-brokered private placement at a price of $0.19 per share, for total consideration of $9,120,000. As a result of the transaction, ABX owns 48,000,000 common shares, representing approximately 15% of Reunion's issued and outstanding common shares on a non-diluted basis. Get access to our top-rated research, including the free report on ABX at: www.wallstequities.com/registration/?symbol=ABX
IAMGOLD
Shares in Toronto, Canada headquartered IAMGOLD Corp. ended the session 0.76% lower at $5.23. The stock recorded a trading volume of 2.39 million shares. The Company's shares have gained 35.84% on an YTD basis. The stock is trading 2.36% above its 200-day moving average. Moreover, shares of IAMGOLD, which explores for, develops, and operates gold mining properties in North and South America, and West Africa, have an RSI of 30.86.
On November 16th, 2017, IAMGOLD provided an update from the Company's ongoing Phase-II 2017 drilling program at the Saramacca project, located 25 kilometers southwest of its Rosebel Gold Mine in Suriname. Following the disclosure of an initial resource estimate, the Company commenced a 22,000-meter diamond drilling program with the objective to convert inferred resources to indicated; target expansions to the existing resource along known mineralized trends and at depth; and begin drill testing identified exploration targets. Click here to subscribe for a free membership which welcomes you with our report on IAG at: www.wallstequities.com/registration/?symbol=IAG
Gold Fields
At the closing bell on Tuesday, Sandton, South Africa-based Gold Fields Ltd's stock dropped 3.71%, finishing at $3.89. A total volume of 3.82 million shares was traded. The Company's shares have gained 29.24% on an YTD basis. The stock is trading 1.77% above its 200-day moving average. Additionally, shares of Gold Fields have an RSI of 40.24.
On November 27th, 2017, Corporate International Holdings B.V., an indirect, wholly owned subsidiary of Gold Fields, announced that on November 21st, 2017, it purchased 3,676,900 ordinary shares ("Ordinary Shares") of Cardinal Resources Limited at a price of C$0.65 per Ordinary Share, for total consideration of C$2,389,985. Such Ordinary Shares were purchased in connection with a public offering of Ordinary Shares in Canada conducted through a syndicate of underwriters (the "Offering"), and represent approximately 1.0% of the outstanding Ordinary Shares upon completion of the Offering. To get free access to your research report on GFI, sign up at: www.wallstequities.com/registration/?symbol=GFI
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