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Tag: AngloGold Ashanti Limited

  • 11 Best Performing Gold Industry Stocks That Can’t Be Ignored

    11 Best Performing Gold Industry Stocks That Can’t Be Ignored

    Once again, gold and Silver are lower going into the European open. As further ETF outflows have registered in recent sessions, the yellow metal is 0.11 % in the red and trades at $1836 per ounce. Silver appears to have made a fresh lower high on the daily chart, and the next significant support level to watch is the previous wave low at $21.89 as a break that might escalate losses.

    The indexes in the Asia Pacific region even suffered after the disappointing handover from the US. The Nikkei 225 finished 0.23% lower, and the ASX also dropped 0.67% lower. The outperformer was the Shanghai Composite in China, and it traded only above flat.

    Brexit keeps dominating the newswires in terms of news. PM Johnson of the UK and Von der Layen of the EU all decided that a statement on the future of talks could take this Sunday. The United Kingdom currently claims that the EU should not value the integrity of the country. Boris kept claiming that no other country would agree that anyone else was in charge of its oceans. Following are the leading stocks.

    Galiano Gold Inc. (AMEX:GAU) shares were trading down -3.39% at $1.14 at the time of writing on Wednesday. On November 30, 2020, the company provided an update from its 2020 exploration program underway at the Asanko Gold Mine, located in Ghana, West Africa.

    Galiano Gold Inc. (AMEX:GAU) share price went from a low point around $0.56 to briefly over $2.12 in past 52 weeks, though shares have since pulled back to $1.14. GAU market cap has remained high, hitting $264.37M at the time of writing.

    If we look at the recent analyst rating GAU, Desjardins initiated coverage on GAU shares with a Buy rating and a $1.81 price target, which implies room for 0.67% upside momentum this year.

    Equinox Gold Corp. (EQX) last closed at $10.10, in a 52-week range of $4.63 to $13.66. The gold mining company declared filing of Santa Luz technical report, on November 30, 2020.

    IAMGOLD Corporation (IAG) stock drop by -2.47% to $3.56. The most recent rating by Desjardins, on September 09, 2020, is at a Buy.

    Kinross Gold Corporation (NYSE:KGC) Shares headed falling, lower as much as -3.18%. The most recent rating by BofA Securities, on August 05, 2020, is at a Buy.

    AngloGold Ashanti Limited (NYSE:AU) fall -3.11% after losing more than -$0.69 on Wednesday. The company recently appointed Maria Ramos as chairwoman. She will replace Sipho Pityana.

    Yamana Gold Inc. (AUY) last closed at $5.55, in a 52-week range of $2.23 to $7.02. Analysts have a consensus price target of $3.92. On December 2, 2020, the firm provided an update on its generative exploration program activities.

    Sandstorm Gold Ltd. (SAND) stock drop by -4.34% to $7.28. The most recent rating by RBC Capital Mkts, on October 29, 2020, is at a Sector perform.

    Almaden Minerals Ltd. (AMEX:AAU) Shares headed falling, lower as much as -3.03% after reporting successful advance of community water project.

    New Gold Inc. (AMEX:NGD) rose 1.42% after gaining more than $0.03 on Wednesday. The Canadian-focused company on November 23, 2020 revealed partial redemption of outstanding 6.375% senior notes.

    B2Gold Corp. (BTG) last closed at $5.57, in a 52-week range of $2.16 to $7.55. On December 2, 2020, the company proclaimed that it has been recognized as industry-leading responsible miner. Analysts have a consensus price target of $3.50.

    SSR Mining Inc. (SSRM) stock drop by -4.79% to $19.08. The firm on November 30, 2020 announced the positive results of its independently prepared Master Plan study of the Çöpler District. The most recent rating by BofA Securities, on December 03, 2020, is at a Buy.

  • 15 Best Gold Stocks To Buy In October

    15 Best Gold Stocks To Buy In October

    The gold industry has shown a remarkable performance in the first half of 2020, increasing by 16.8% in US dollar terms. Various industries have shown different levels of performance because of the uncertainty surrounding the COVID-19 pandemic. This pandemic is having a devastating impact on the global economy.

    The gold industry is also bearing the impact of the COVID-19 pandemic. Its structure is undergoing change because of changes in the demand pattern, evolution of new technologies, new regulatory changes, and new types of participants in the market.  Here are the few companies in the Gold industry which are following new trends and are adopting new technologies:

    Yamana Gold Inc. (NYSE: AUY)

    Yamana Gold Inc. (NYSE: AUY) shares were trading up 4.58% at $6.17 at the time of writing on Friday. Yamana Gold Inc. (NYSE: AUY) share price went from a low point around $2.23 to briefly over $7.02 in the past 52 weeks, though shares have since pulled back to $6.17. AUY market cap has remained high, hitting $5.87B at the time of writing, giving it a price-to-sales ratio of more than 4.

    Yamana Gold Inc. has announced the preliminary results of the third quarter. The gold company has disclosed that it has recorded gold production of 201,772 ounces and silver production of 3.04 million ounces. If we look at the recent analyst rating AUY, Scotiabank upgraded coverage on AUY shares with a Sector outperform rating and a $3.92 price target, which implies room for -2.25% downside momentum this year.

    Barrick Gold Corporation (NYSE: GOLD)

    Barrick Gold Corporation (GOLD) last closed at $28.05, in a 52-week range of $12.65 to $31.22. Analysts have a consensus price target of $33.83. Barrick Gold Corporation (GOLD) has announced previously that it is scheduled to release its third-quarter 2020 results on Thursday, November 5, 2020. Barrick has earlier executed the Eskay Greek Transaction. This company has a total market capitalization of 48.33 billion at the time of writing.

    Kinross Gold Corporation (NYSE: KGC)

    Kinross Gold Corporation (NYSE: KGC) stock soar by 5.57% to $9.10. The most recent rating by BofA Securities, on August 05, 2020, is at a Buy. Kinross Gold Corporation (KGC) disclosed that it will reveal its financial statements and operating results for the third quarter of 2020 on November 4. The company will hold the conference call and audio webcast to talk about the quarter results on November 5.

    Hecla Mining Company (NYSE: HL)

    Hecla Mining Company (NYSE: HL) Shares headed rising, higher as much as 6.35%. The most recent rating by BofA Securities, on August 05, 2020, is at a Neutral. Hecla Mining Company (HL) has announced the cash position and quarter result at the end of the third quarter. It has recorded the Silver production of 3.5 million ounces and gold production of 41,174 ounces. It has reported the Lead production of 9,750 tons and zinc production of 17,997 tons.

    IAMGOLD Corporation (NYSE: IAG)

    IAMGOLD Corporation (NYSE: IAG) rose 4.08% after gaining more than $0.16 on Friday. IAMGOLD Corporation (IAG) revealed that all of its outstanding 7.000% Senior Notes due 2025 have been redeemed. The redemption had been earlier funded on September 29, 2020, with net profits from the Company’s recent issue of $450 million aggregate principal amount of 5.750% Senior Notes due 2028, and the indenture governing the 2025 Notes was satisfied and discharged on that date.

    Eldorado Gold Corporation (NYSE: EGO)

    Eldorado Gold Corporation (NYSE: EGO) Shares headed rising, higher as much as 10.80%. The most recent rating by RBC Capital Mkts, on October 09, 2020, is at a Sector perform. Greece has approved a technical study for test drilling by Canada’s Eldorado Gold Corp at one of its minefields, the energy ministry said on Monday. Eldorado Gold Corporation (EGO) market cap has remained high, hitting $1.94 billion at the time of writing.

    Coeur Mining Inc. (NYSE: CDE)

    Coeur Mining Inc. (NYSE: CDE) rose 7.33% after gaining more than $0.56 on Friday. Coeur Mining Inc. (CDE) disclosed that it will report its third-quarter 2020 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, October 28, 2020. The Company will be hosting a conference call on Thursday, October 29, 2020.

    Harmony Gold Mining Company Limited (NYSE: HMY)

    Harmony Gold Mining Company Limited (NYSE: HMY) rose 9.56% after gaining more than $0.52 on Friday. Harmony Gold Mining Company Limited (HMY) share has changed between the 52-weeks low range of $1.76 and a high range of $7.6. It has moved up 238.64% from its 52-weeks low and moved down -21.68% from its 52-weeks high. This company market capitalization has remained high, hitting $3.28 billion at the time of writing.

    B2Gold Corp. (AMEX: BTG)

    B2Gold Corp. (AMEX: BTG) last closed at $6.94, in a 52-week range of $2.16 to $7.55. Analysts have a consensus price target of $3.50. B2Gold Corp. (BTG) has moved up 221.30% from its 52-weeks low and moved down -8.08% from its 52-weeks high. This company market capitalization has remained high, hitting $7.25 billion at the time of writing.

    New Gold Inc. (AMEX: NGD)

    New Gold Inc. (AMEX: NGD) stock soar by 7.18% to $2.09. The most recent rating by CIBC, on September 16, 2020, is at a Sector outperform. New Gold Inc. (NGD) share price went from a low point around $0.39 to briefly over $2.22 in the past 52 weeks, though shares have since pulled back to $2.09. NGD market cap has remained high, hitting $1.33 Billion at the time of writing.

    Gold Fields Limited (NYSE: GFI)

    Gold Fields Limited (NYSE: GFI) shares headed rising, higher as much as 7.25%. The most recent rating by RBC Capital Mkts, on September 15, 2020, is at a Sector perform. Gold Fields Limited (GFI) share has changed between the 52-weeks low range of $3.79 and a high range of $14.90. It has moved up 247.49% from its 52-weeks low and moved down -11.61% from its 52-weeks high. This company market capitalization has remained high, hitting $10.74 billion at the time of writing.

    Newmont Corporation (NYSE: NEM)

    Newmont Corporation (NYSE: NEM) last closed at $62.82, in a 52-week range of $33.00 to $72.22. Analysts have a consensus price target of $78.04. It has moved up 90.36% from its 52-weeks low and moved down -13.02% from its 52-weeks high. This company market capitalization has remained high, hitting $49.62 billion at the time of writing.

    Sibanye Stillwater Limited (NYSE: SBSW)

    Sibanye Stillwater Limited (NYSE: SBSW) stock soar by 11.51% to $12.69. The most recent rating by RBC Capital Mkts, on September 15, 2020, is at an Outperform. Sibanye Stillwater Limited (SBSW) share has changed between the 52-weeks low range of $3.50 and a high range of $13.89. It has moved up 262.57% from its 52-weeks low and moved down -8.61% from its 52-weeks high. This company market capitalization has remained high, hitting $8.30 billion at the time of writing.

    AngloGold Ashanti Limited (NYSE: AU)

    AngloGold Ashanti Limited (NYSE: AU) last closed at $27.94, in a 52-week range of $12.66 to $38.50. Analysts have a consensus price target of $35.96. AngloGold Ashanti Limited (AU) has moved up 120.70% from its 52-weeks low and moved down -27.43% from its 52-weeks high. This company market capitalization has remained high, hitting $10.93 billion at the time of writing.

    Wheaton Precious Metals Corp. (NYSE: WPM)

    Wheaton Precious Metals Corp. (NYSE: WPM) stock soar by 6.14% to $51.03. The most recent rating by BMO Capital Markets, on August 20, 2020, is at a Market perform. Wheaton Precious Metals Corp. (WPM) market capitalization has remained high, hitting $21.50 billion at the time of writing.