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Tag: IAG

  • Here’s why IAMGOLD Corporation (IAG) stock’s share-price plunged

    There was a decline in the share price of IAMGOLD Corporation (IAG) by -9.79% and were trading at a stock price of $2.54. IAG’s stock volume stayed the same at 4.97 million shares, however, this was higher than the average volume of the past 50 days which was 3.96 million shares. Over the last 12 months, there has been a decline in shares of IAG by -41.09%, and the last week they have decreased by -4.42%. IAG’s stock has declined by -18.79% over the last three months and in the last six months, the stock’s value has decreased by -19.48%. The outstanding shares of IAMGOLD stand at 475.80 million and their current market value is $1.42 billion.

    IAMGOLD Corporation at a glance

    IAMGOLD Corporation, headquartered in Toronto, Canada, is a developer, operator, and explorer for gold mining properties in three regions: Western Africa, North and South America. IAMGOLD is developing high potential mining districts that help them in developing, operating, and exploring projects. Its operational mines comprise of the Westwood mine (Quebec, Canada), the Essakane mine (Burkina Faso, West Africa), and the Rosebel mine (Suriname, South America). Some of its development and exploratory projects are the Diakha-Siribaya gold project (Mali), the Cote gold project (Ontario) and the Boto gold project (Senegal), and various other countries located in America and Western Africa. IAMGOLD is estimated to employ 5,000 people and commits itself to maintain the culture of accountable mining by following high social and environmental standard practices.

    IAMGOLD reports second Quarter financial results for 2021

    The Essakane mine had produced strong and promising results of the second quarter with high gold production in spite of the fact that there were numerous challenges in ore processing with high graphitic content. The production guidance has been increased for the Essakane project which will reflect higher production in the first two quarters of 2021.
    On the other hand, the Westwood mine required additional safety measures because of which the production guidance for Westwood 2021 had to be reduced to reflect this.
    Due to difficult operating conditions, mining activities in the Rosebel mine were impacted in the second quarter, which was caused by heavy rainfall. In addition to the operating conditions, there was also a significant increase in COVID-19 cases as there had emerged a new variant in Suriname during the second quarter. The social impact of this greatly affected the projects and operations. The Guidance for Rosebel were adjusted downwards due to the said reasons.

    The company has summarized the results preliminary for second-quarter operations and also updated the 2021 guidance set on certain metrics. The changes in guidance have been made based on the first-half performance of 2021 and successive efforts for developing an updated outlook for the latter half of 2021.
    The full-year assumptions for the updated full-year guidance 2021 included the $65 average crude oil price per barrel and average realized gold price of $1,745 per ounce with a EUR: USD exchange rate of 1.2 and USD: CAD exchange rate of 1.22.
    The production guidance for the overall company has been reduced mainly due to the reduced actual production in Rosebel and Westwood mines, which was somewhat counterbalanced by high actual production in Essakane mine for the first half of 2021. Total per-ounce costs guidance had been increased which reflected lower total company-wide attributable guidance. The company, in accordance with IFRS, is trying to determine any kind of impairment for the Westwood mine and that it need adjustment or not.

  • 24 stocks making the biggest moves premarket today

    24 stocks making the biggest moves premarket today

    ‎Bionano Genomics Inc. (BNGO) stock soared 55.84% to $4.8 in the pre-‎market trading. The company recently granted 180-day extension by Nasdaq to regain ‎compliance with bid price rule. The most recent rating by Ladenburg Thalmann, on September ‎‎24, 2020, is a Buy.‎

    ‎Jaguar Health Inc. (JAGX) grew over 14.11% at $0.93 in pre-market trading ‎today.‎

    ‎Castor Maritime Inc. (NASDAQ: CTRM) shares are trading up 5.41% at $0.195 ‎at the time of writing after revealing the pricing of $18.0 million registered direct offering. ‎Company’s 52-week ranged between $0.11 to $2.60.‎

    ‎Bit Digital Inc. (BTBT), a Software – Application company, rose about 18.3% at ‎‎$25.92 ‎in pre-market trading Monday.‎

    ‎Canaan Inc. (CAN) stock moved up 18.72 percent to $7.04 in the pre-market ‎trading.‎

    ‎Ebang International Holdings Inc. (EBON) stock soared 25.7% to $7.63 in the ‎pre-market trading after declared that the Company expects to commence public testing of its ‎cryptocurrency exchange and officially launch the exchange in the first quarter of 2021.‎

    ‎Riot Blockchain Inc. (NASDAQ: RIOT) shares are trading up 7.18% at $18.21 ‎at the time of writing. Company’s 52-week ranged between $0.51 to $18.16.‎

    ‎Marathon Patent Group Inc. (MARA) stock moved up 10.92 percent to $11.58 ‎in the pre-market trading following the declaration from the firm that that it has successfully ‎completed its $200 million shelf offering by utilizing its at-the-market (ATM) facility. ‎

    ‎Seanergy Maritime Holdings Corp. (SHIP) lost over -2.7% at $0.5231 in pre-‎market trading Monday January 04, 2021.‎

    ‎Li Auto Inc. (LI) gained over 4.68% at $30.18 in pre-market ‎trading ‎Monday ‎January ‎‎04, 2021 after reporting that the Company delivered 6,126 Li ONEs in ‎December ‎‎2020, ‎representing an ‎increase of 31.9% month-over-month and 529.6% year-over-‎year. ‎

    ‎Gevo Inc. (GEVO) grew over 10.12% at $4.68 in pre-market trading today.‎

    Before the trading started on January 04, 2021, Kinross Gold Corporation ‎‎(KGC) is up 4.9% to reach $7.7. It has been trading in a 52-week range of $2.72 to ‎‎$10.31.‎

    ‎Ocugen Inc. (OCGN), a Biotechnology company, rose about 125.14% at $4.12 ‎in pre-‎‎‎‎market trading Monday.‎

    ‎Color Star Technology Co. Ltd. (CSCW) stock plunged -9.79% to $0.6351 in the ‎pre-market trading. The company recently revealed strategic partnership with two UAE ‎companies. ‎

    ‎Avinger Inc. (AVGR) is up more than 8.16% at $0.476 in pre-market hours ‎Monday ‎January 04, 2021. The stock had dropped over -6.86% to $0.44 in the last trading ‎session.‎

    ‎Harmony Gold Mining Company Limited (HMY) stock soared 9.19% to $5.11 ‎in ‎the ‎pre-market trading. The most recent rating by JP Morgan, on February 21, 2019, is an ‎Overweight.‎

    ‎PEDEVCO Corp. (PED) is down more than -5.3% at $1.43 in pre-‎‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 20.80% to $1.51 in the last ‎trading ‎session.‎

    ‎Orbital Energy Group Inc. (NASDAQ: OEG) shares are trading up 5.02% at ‎‎$2.3 at ‎the ‎time of writing after pricing $10 million registered direct offering. Company’s 52-‎week ranged ‎between ‎‎$0.45 to $2.80.‎

    ‎Aethlon Medical Inc. (AEMD) is down more than -6.88% at $2.3 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 19.32% to $2.47 in the last ‎trading session.‎

    Before the trading started on January 04, 2021, Invitae Corporation (NVTA) is ‎up 4.31% to reach $43.61. The company recently revealed that Sean George, co-founder and ‎chief executive officer of Invitae, will present at the 39th Annual J.P. Morgan Healthcare ‎Conference on Tuesday, January 12, 2021 at 10:50 a.m. Eastern/7:50 a.m. Pacific. It has been ‎trading in a 52-week range of $7.41 to $61.59.‎

    ‎Hall of Fame Resort & Entertainment Company (HOFV), a ‎Entertainment ‎company, ‎rose about 31.71% at $1.62 in pre-market trading Monday.‎

    ‎T2 Biosystems Inc. (TTOO) is down more than -3.23% at $1.2 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had dropped over -0.80% to $1.24 in the last ‎trading session.‎

    ‎Clearside Biomedical Inc. (NASDAQ: CLSD) shares are trading up 7.66% ‎at ‎‎$2.95 ‎at ‎the time of writing. Company’s 52-week ranged between $1.10 to $4.13. Analysts ‎have ‎a ‎consensus ‎price target of $8.‎

    ‎Teligent Inc. (NASDAQ: TLGT) shares are trading down -5.13% at $0.7115 at ‎the time of writing after declaring its financial results for the third quarter ended September ‎‎30, 2020. Company’s 52-week ranged between $0.46 to $6.46. Analysts have a consensus price ‎target of $2.‎

  • 10 Stocks to watch in Yellow Metal Clan

    10 Stocks to watch in Yellow Metal Clan

    During Monday’s Asian exchange, gold goes down to $1,837.50, down 0.12 % intraday. In doing so, though pursuing the risk-positive reports, the yellow metal holds the downside pressure depicted at the week’s start. However, in the wake of the coronavirus (COVID-19) troubles and a lack of clarification regarding the main problems, bears are still wary.

    Brexit updates are still on the risk-positive side, suggesting that President Ursula von der Leyen of the European Commission (EC) and UK PM Boris Johnson have decided to prolong the Brexit talks for another week. Over the past week, lawmakers have confirmed that they remain “far apart from Brexit.

    A 10-day SMA downside split, currently close to $1,842, directs gold prices to peaks about $1,818/17 in late November before testing the $1,800 mark and the previous month’s low of $1,764.60.

    Kinross Gold Corporation (NYSE:KGC) shares were trading down -1.50% at $7.20 at the time of writing on Friday.

    Kinross Gold Corporation (NYSE:KGC) share price went from a low point around $2.72 to briefly over $10.31 in past 52 weeks, though shares have since pulled back to $7.20. KGC market cap has remained high, hitting $9.15B at the time of writing, giving it price-to-sales ratio of more than 2.

    If we look at the recent analyst rating KGC, BofA Securities upgraded coverage on KGC.

    Barrick Gold Corporation (GOLD) last closed at $22.90, in a 52-week range of $12.65 to $31.22. The company on November 26, 2020 reported that it has retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI) World Index, ranking in the 95th percentile of all mining companies assessed. Analysts have a consensus price target of $33.74.

    Yamana Gold Inc. (AUY) stock drop by -2.67% to $5.47. The firm revealed on December 3, 2020, positive drill results from the Lavra Velha, Monument Bay, and Borborema projects, as well as the addition of two new projects, Cambista and Cambiazo, to the program in Chile. The most recent rating by BMO Capital Markets, on November 16, 2020, is at an Outperform.

    New Gold Inc. (AMEX:NGD) Shares headed falling, lower as much as -3.59%. On November 23, 2020, the gold mining company declared partial redemption of outstanding 6.375% senior notes. The most recent rating by CIBC, on September 16, 2020, is at a Sector outperform.

    Newmont Corporation (NYSE:NEM) fall -0.52% after losing more than -$0.31 on Friday. The firm revealed on December 8, 2020, its 2021 outlook with attributable gold production guidance of 6.5 million ounces and AISC of $970 per ounce.

    Harmony Gold Mining Company Limited (HMY) last closed at $4.14, in a 52-week range of $1.76 to $7.61. Analysts have a consensus price target of $4.86.

    Hecla Mining Company (HL) stock drop by -2.49% to $5.09. The firm declared that its subsidiary Hecla Quebec, operator of the Casa Berardi Mine, has finalized a Cooperation Agreement with the Council of the Abitibiwinni First Nation (CAFN). The most recent rating by ROTH Capital, on October 27, 2020, is at a Buy.

    Gold Fields Limited (NYSE:GFI) Shares headed falling, lower as much as -1.46%. The most recent rating by RBC Capital Mkts, on September 15, 2020, is at a Sector perform.

    B2Gold Corp. (AMEX:BTG) fall -1.08% after losing more than -$0.06 on Friday.

    IAMGOLD Corporation (IAG) last closed at $3.54, in a 52-week range of $1.44 to $5.35. On December 1, 2020, IAMGOLD Corporation (IAG) reported remaining assay results from the 2020 drilling program and confirmed the extension of the Renard System to the West at the Nelligan Gold Project, Quebec.

  • 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.

  • Top 15 Gold Stocks You Should Be Holding Right Now

    Top 15 Gold Stocks You Should Be Holding Right Now

    Gold Industry has experienced a high gold demand in 2020  and its prices also fluctuate during the period of uncertainty. This industry has shown a remarkable performance in the first half of 2020, increasing 16.8% in the first half 2020. The COVID-19 pandemic has a devastating effect on the global economy.

    The gold industry is undergoing changes because of changes in demand patterns, the emergence of new technological advancements, the entrance of new types of participants in the market, and new regulatory changes. Let take a look at these 15 leading companies in Gold Industry that are adopting new trends and technologies to keep pace with fast-growing markets:

    Kinross Gold Corporation (NYSE: KGC)

    Kinross Gold Corporation (NYSE: KGC) shares were trading down -10.63% at $7.82 at the time of writing on Wednesday. Kinross Gold Corporation (NYSE: KGC) share price went from a low point around $2.72 to briefly over $10.31 in the past 52 weeks, though shares have since pulled back to $7.82. KGC market cap has remained high, hitting $10.01B at the time of writing, giving it a price-to-sales ratio of more than 2.

    Kinross Gold Corporation (KGC) has earlier revealed that it anticipates producing an average of approximately 2.5 million gold equivalent ounces per year from 2020 – 2029 driven primarily by promising organic opportunities across its global portfolio. If we look at the recent analyst rating KGC, BofA Securities upgraded coverage on KGC shares with a Buy rating and an $11.93 price target, which implies room for 4.11% upside momentum this year.

    Yamana Gold Inc. (NYSE: AUY)

    Yamana Gold Inc. (NYSE: AUY) stock drop by -8.28% to $5.32 after Yamana Gold Provides an Update on Exploration Activities at Canadian Malartic; Announces Positive Drill Results From East Gouldie. The most recent rating by Scotiabank, on April 16, 2020, is at a Sector outperform. Yamana Gold Inc. (AUY) market cap has remained high, hitting $5.06 Billion at the time of writing.

    Barrick Gold Corporation (NYSE: GOLD)

    Barrick Gold Corporation (NYSE: GOLD) last closed at $25.92, in a 52-week range of $12.65 to $31.22. Analysts have a consensus price target of $34.12. Barrick Gold Corporation (GOLD) has earlier revealed that the wholly-owned subsidiaries of Barrick and Bullfrog Gold Corp. have signed a purchase agreement pursuant to which Barrick will sell to BFGC all of Barrick’s mining claims, historical resources, permits, rights of way, and water rights in the Bullfrog mine area.

    Hecla Mining Company (NYSE: HL)

    Hecla Mining Company (NYSE: HL) shares headed falling, lower as much as -8.86%. The most recent rating by ROTH Capital, on October 27, 2020, is at a Buy. Hecla Mining Company (HL) has revealed its production results and its cash position at the end of the third quarter. It has reported a Silver production of 3.5 million ounces and gold production of 41,174 ounces.

    Newmont Corporation (NYSE: NEM)

    Newmont Corporation (NYSE: NEM) fall -4.87% after losing more than -$3.0 on Wednesday. Newmont Corporation (NEM) revealed that its Board of Directors declared a quarterly dividend of $0.40 per share of common stock, payable on December 28, 2020, to holders of record at the close of business on December 11, 2020.

    New Gold Inc. (AMEX: NGD)

    New Gold Inc. (AMEX: NGD) last closed at $2.00, in a 52-week range of $0.39 to $2.28. Analysts have a consensus price target of $3.81. New Gold Inc. (NGD) has earlier revealed its third-quarter operational results ended on September 30, 2020. It has announced that it is scheduled to host a conference call on November 5, 2020.

    B2Gold Corp. (AMEX: BTG)

    B2Gold Corp. (AMEX: BTG) shares headed falling, lower as much as -9.28%. The most recent rating by RBC Capital Mkts, on August 19, 2020, is at a Sector perform. B2Gold Corp. (BTG) has reported its gold production and gold revenue for the third quarter and first nine months of 2020.

    Alamos Gold Inc. (NYSE: AGI)

    Alamos Gold Inc. (NYSE: AGI) fall -8.35% after losing more than -$0.74 on Wednesday. Alamos Gold Reports Third Quarter 2020 Results. Alamos Gold Inc. (AGI) share price went from a low point around $3.34 to briefly over $11.58 in the past 52 weeks. AGI market cap has remained high, hitting $3.18 Billion at the time of writing.

    IAMGOLD Corporation (NYSE: IAG)

    IAMGOLD Corporation (NYSE: IAG) stock drop by -10.33% to $3.56. The most recent rating by Desjardins, on September 09, 2020, is at a Buy. 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 the 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) fall -9.52% after losing more than -$1.26 on Wednesday. Eldorado Gold Corporation (EGO) has earlier revealed its Q3 2020 preliminary production of 136,672 ounces of gold, a 35% increase over Q3 2019. It has moved up 160.43% from its 52-weeks low and moved down -15.81% from its 52-weeks high.

    Pretium Resources Inc. (NYSE: PVG)

    Pretium Resources Inc. (NYSE: PVG) last closed at $11.50, in a 52-week range of $4.05 to $14.55. Analysts have a consensus price target of $13.66. Pretium Resources Inc. (PVG) is scheduled to share third quarter 2020 operational and financial results after the market close on Thursday, October 29th, 2020. The webcast and conference call to discuss Q3 2020 is scheduled to take place on Friday, October 30th.

    Sandstorm Gold Ltd. (NYSE: SAND)

    Sandstorm Gold Ltd. (NYSE: SAND) stock drop by -9.62% to $7.42. The most recent rating by TD Securities, on October 20, 2020, is at a Buy. Sandstorm Gold Ltd. (SAND) is scheduled to report its 2020 third-quarter results on Thursday, October 29, 2020, after markets close. A conference call is scheduled to take place on Friday, October 30, 2020, starting at 8:30 am PDT.

    Harmony Gold Mining Company Limited (NYSE: HMY)

    Harmony Gold Mining Company Limited (NYSE: HMY) last closed at $4.81, in a 52-week range of $1.76 to $7.61. Analysts have a consensus price target of $6.08. Harmony Gold Mining Company Limited (HMY) has moved up 173.30% from its 52-weeks low and moved down -36.79% from its 52-weeks high. This company market capitalization has remained high, hitting $2.99 billion at the time of writing.

    Gold Fields Limited (NYSE: GFI)

    Gold Fields Limited (NYSE: GFI) shares headed falling, lower as much as -7.73%. The most recent rating by RBC Capital Mkts, on September 15, 2020, is at a Sector perform. Gold Fields Limited (GFI) has moved up 183.64% from its 52-weeks low and moved down -27.85% from its 52-weeks high. This company market capitalization has remained high, hitting $9.49 billion at the time of writing.

    Coeur Mining Inc. (NYSE: CDE)

    Coeur Mining Inc. (CDE) stock drop by -12.32% to $6.83 after Coeur Reports Third Quarter 2020 Results. The most recent rating by Noble Capital Markets, on September 14, 2020, is at an Outperform. Coeur Mining Inc. (CDE) share price went from a low point around $1.98 to briefly over $9.25 in the past 52 weeks. CDE market cap has remained high, hitting $1.66 Billion at the time of writing.

  • 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.

  • Top 10 Trending Gold Stocks To Buy In September

    Top 10 Trending Gold Stocks To Buy In September

    Gold has long been considered a safe haven during market turmoil. It has been characterized as a high-value commodity. The gold market has faced many changes because of the evolving gold demand patterns. Demand for gold experiences positive growth in times of economic uncertainty and during the severe market crisis.

    The demand for gold is always higher than the production capacity of the world. The gold mining industry has the ability to provides economic lifeblood to many regional communities. Gold has exceptional performance in the first half of 2020. It increased by 16.8% in US dollar terms and perform better than all other major asset classes. Gold prices increase between early June and early September as the uncertainty increases and interest rate drops.

    Here are the top 10 leading companies in Gold Industry that need your attention:

    Yamana Gold Inc. (NYSE: AUY)

    Yamana Gold Inc. (NYSE: AUY) shares were trading up 4.64% at $6.31 at the time of writing on Wednesday.  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 $6.31. AUY market cap has remained high, hitting $6.00B at the time of writing, giving it a price-to-sales ratio of more than 4.

    Yamana Goldd Inc. gave an update on exploration results for the Minera Florida, El Peñón, and Jacobina mines. The exploration result continues to aid year-over-year growth, with promising new discoveries in the first half of 2020.  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 -2.39% downside momentum this year.

    Barrick Gold Corporation (NYSE: GOLD)

    Barrick Gold Corporation (NYSE: GOLD) last closed at $30.46, in a 52-week range of $12.65 to $31.22. Analysts have a consensus price target of $32.99. Barrick Gold Corporation (GOLD) has lost a court challenge last week over the rights to the Porgera gold mine. Barrick CEO has faced a stark test in the fight for Papua Guinea mine. Previously, Barrick Gold Corporation has chosen Nguvu Moja Security Services Limited (NMSS) to replace an international security firm at its Tanzanian gold mines. Barrick has a total market capitalization of $54.84 billion at the time of writing.

    Hecla Mining Company (NYSE: HL)

    Hecla Mining Company (NYSE: HL) shares headed rising, higher as much as 4.95%. The most recent rating by BofA Securities, on August 05, 2020, is at a Neutral. Hecla Mining Company (HL) has earlier disclosed that it has decided to raise the quarterly dividend by 50% and decreased the realized price threshold for the silver-linked dividend. Its market cap remained high, hitting $3.12 billion at the time of writing.

    New Gold Inc. (AMEX: NGD)

    New Gold Inc. (AMEX: NGD) rose 6.18% after gaining more than $0.11 on Wednesday. New Gold Inc. (NGD) has earlier disclosed that it has concluded the sale of the Blackwater Project to Artemis Gold Inc. In this sale deal, the financial consideration includes the total payment of $190 million consists of an initial cash payment of $140 million and $50 million in cash payable on August 21, 2020. New Gold has a total market cap of $1.26 billion at the time of writing.

    IAMGOLD Corporation (NYSE: IAG)

    IAMGOLD Corporation (NYSE: IAG) rose 3.25% after gaining more than $0.13 on Wednesday. IAMGOLD Corporation (IAG) disclosed today that it has priced a private offering of $450 million aggregate principal amount of senior notes due 2028. The Notes bear interest at 5.750% per annum and are being issued at a price of 100% of their face amount, providing the Company with gross proceeds of $450 million. The closing date of the notes is September 23, 2020.

    Newmont Corporation (NYSE: NEM)

    Newmont Corporation (NYSE: NEM) last closed at $68.17, in a 52-week range of $33.00 to $72.22. Analysts have a consensus price target of $76.65. Newmont Corporation (NEM) has earlier appointed Susan N. Story to the Board of Directors effective September 10th. She has more than 38 years of experience in the water, energy, and electricity industries. She has worked as the President and Chief Executive Officer of American Water Works Co. Inc. earlier.

    Kinross Gold Corporation (NYSE: KGC)

    Kinross Gold Corporation (NYSE: KGC) stock soar by 7.38% to $9.17. The most recent rating by BofA Securities, on August 05, 2020, is at a Buy. Kinross Gold Corporation (KGC) has a 52-weeks low and high range of $2.72 and $10.20. Kinross has traded up 237.13% from its 52-weeks low and traded down -10.14% from its 52-weeks high. Its market cap remained high, hitting $11.65 billion at the time of writing.

    Gold Fields Limited (NYSE: GFI)

    Gold Fields Limited (NYSE: GFI) last closed at $13.40, in a 52-week range of $3.79 to $14.40. Analysts have a consensus price target of $13.61. Gold Fields Limited (GFI) stock has fluctuated between the 52-weeks low of $3.79 and a 52-weeks high of $14.40. Gold Fields moved up 253.56% from its 52-weeks low and moved down -6.91% from its 52-weeks high.

    Harmony Gold Mining Company Limited (NYSE: HMY)

    Harmony Gold Mining Company Limited (NYSE: HMY) stock soar by 8.51% to $6.25. The most recent rating by JP Morgan, on February 21, 2019, is at an Overweight. Harmony Gold Mining Company Limited (HMY) has a 52-weeks low and high range of $1.76 and $7.61. HMY has traded up 255.11% from its 52-weeks low and traded down -17.87% from its 52-weeks high. Its market cap remained high, hitting $3.81 billion at the time of writing.

    B2Gold Corp. (AMEX: BTG)

    B2Gold Corp. (AMEX: BTG) Shares headed rising, higher as much as 4.71%. The most recent rating by RBC Capital Mkts, on August 19, 2020, is at a Sector perform. B2Gold Corp. (AMEX: BTG) stock has fluctuated between the 52-weeks low of $2.16 and a 52-weeks high of $7.55. B2Gold Corp. moved up 208.80% from its 52-weeks low and moved down -11.66% from its 52-weeks high.