This Morning's Research Reports on Gold Stocks -- Banro, New Gold, B2Gold, and Seabridge Gold
NEW YORK, Dec. 13, 2017 /PRNewswire/ --In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on BAA, NGD, BTG, and SA which is a click away at www.wallstequities.com/registration. This morning, WallStEquities.com redirects investors' attention to the Gold industry, which is highly sensitive to rising US interest rates, as these increase the cost of holding non-yielding bullion, while boosting the dollar, in which gold is priced. Under evaluation today are the following stocks: Banro Corp. (NYSE AMER: BAA), New Gold Inc. (NYSE AMER: NGD), B2Gold Corp. (NYSE AMER: BTG), and Seabridge Gold Inc. (NYSE: SA). Wall St. Equities' downloadable free reports on these stocks are available at:
www.wallstequities.com/registration
Banro
Toronto, Canada headquartered Banro Corp.'s stock finished Tuesday's session 12.38% lower at $0.13. A total volume of 4.30 million shares was traded, which was above their three months average volume of 1.39 million shares. The Company's shares are trading 52.07% below their 50-day moving average. Additionally, shares of Banro, which together with its subsidiaries, engages in the exploration, development, and production of mineral properties in the Democratic Republic of the Congo, have a Relative Strength Index (RSI) of 37.59.
On December 01st, 2017, Banro announced that in accordance with the terms of the indenture governing its 10% secured notes due 2021, the Company has elected to defer payment of the approximately US$4.94 million interest payment due that day. Banro will utilize the 30-day grace period to continue its ongoing discussions with its major stakeholders concerning the possible restructuring of the Company's non-DRC debt obligations as well as the provision of financing to support its ongoing operations in the DRC. The free report on BAA can be accessed at:
www.wallstequities.com/registration/?symbol=BAA
New Gold
On Tuesday, shares in Toronto, Canada headquartered New Gold Inc. recorded a trading volume of 2.95 million shares. The stock ended the session 1.01% higher at $3.00. The Company's shares are trading 7.10% below their 200-day moving average. Moreover, shares of New Gold, which engages in the development and operation of mineral properties, have an RSI of 33.46.
On November 20th, 2017, New Gold ("NGD") announced that it has entered into a binding agreement with Aurelia Metals Limited ("Aurelia") to sell the Peak Mines located in Cobar, New South Wales, Australia for cash consideration of $58 million (the "Transaction"). Aurelia will pay at least a $3 million deposit, which will be retained by NGD in certain circumstances if the Transaction is not completed. Download our actionable research report on NGD at:
www.wallstequities.com/registration/?symbol=NGD
B2Gold
Vancouver, Canada headquartered B2Gold Corp.'s shares closed the day 1.12% lower at $2.64. The stock recorded a trading volume of 2.41 million shares. The Company's shares have gained 11.39% on an YTD basis. The stock is trading 0.14% below its 50-day moving average. Additionally, shares of B2Gold, which together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Namibia, Mali, Colombia, Burkina Faso, and Finland, have an RSI of 49.84.
On December 04th, 2017, B2Gold announced that the Fekola Mine in Mali achieved commercial production on November 30th, 2017 - one month ahead of the revised schedule and four months ahead of the schedule announced in the Optimized Feasibility Study ("OFS"). Ramp up to full-scale production at Fekola remains ahead of schedule, with gold production well above budget in each of the ramp-up months, beating original recovery, grade, and plant availability estimates in the OFS design. Register for your free report coverage on BTG at:
www.wallstequities.com/registration/?symbol=BTG
Seabridge Gold
Shares in Toronto, Canada-based Seabridge Gold Inc. finished 0.51% lower at $9.85. The stock recorded a trading volume of 383,941 shares. The Company's shares have advanced 20.86% on an YTD basis. The stock is trading below its 200-day moving average by 13.07%. Furthermore, shares of Seabridge Gold, which together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America, have an RSI of 21.70.
On December 07th, 2017, Seabridge Gold announced that its Environmental Team has won the 2017 Robert R. Hedley Award presented annually by the Association for Mineral Exploration in BC to a member company for significant contributions or advances in environmental management and/or social responsibility. The award specifically recognized the contributions of Brent Murphy, Vice President of Environmental Affairs, and Elizabeth Miller, Manager of Environmental Affairs, who are leading the Company's sustainable development program for its KSM Project. Get the free research report on SA at:
www.wallstequities.com/registration/?symbol=SA
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