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NEW YORK, July 17, 2017 /PRNewswire/ —
If you want a Stock Review on EGO, AU, MUX or PPP then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Today’s pre-market research on DailyStockTracker.com is centered on the most current performances Eldorado Gold Corp. (NYSE: EGO), AngloGold Ashanti Ltd (NYSE: AU), McEwen Mining Inc. (NYSE: MUX), and Primero Mining Corp. (NYSE: PPP). According to OCBC’s analyst, Barnabas Gan, he is still bearish on his Gold forecasts, but thinks that there are still some upside risks in the short term, simply because there is still some uncertainty on the horizon. Additionally, the rate hike and the balance-sheet tapering should inject a more positive growth outlook globally, which should push gold prices down to the $1,200-an-ounce estimate by the end of the year. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
Last Friday at the close, shares in Vancouver, Canada headquartered Eldorado Gold Corp. ended flat at $2.41. The stock recorded a trading volume of 4.83 million shares. The Company’s shares are trading below their 50-day moving average by 20.20%. Furthermore, shares of Eldorado Gold, which together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, and Romania, have a Relative Strength Index (RSI) of 29.36.
On June 29th, 2017, research firm RBC Capital Markets downgraded the Company’s stock rating from ‘Outperform’ to ‘Sector Perform’ while revising its previous target price from $3.75 a share to $3.50 a share.
On July 10th, 2017, Eldorado Gold announced the successful completion of the plan of arrangement involving Integra Gold Corp. originally announced on May 15th, 2017. The arrangement was approved by the shareholders of the latter at its special meeting on July 04th, 2017, and received approval from the Supreme Court of British Columbia on July 07th, 2017. Sign up and read the free research report on EGO at:
Johannesburg, South Africa headquartered AngloGold Ashanti Ltd’s stock finished Friday’s session 0.10% higher at $9.81 with a total trading volume of 3.71 million shares. The Company’s shares are trading below their 50-day moving average by 9.83%. Shares of AngloGold Ashanti, which operates as a gold mining and exploration company, have an RSI of 41.60. The complimentary research report on AU can be downloaded at:
Shares in Toronto, Canada headquartered McEwen Mining Inc. ended the session 1.16% higher at $2.61 with a total trading volume of 1.99 million shares. The stock has gained 3.57% in the past month. The Company’s shares are trading below their 50-day moving average by 3.10%. Moreover, shares of McEwen Mining, which explores for, develops, produces, and sells gold, silver, and copper ores in Argentina, Mexico, and the US, have an RSI of 46.72.
On July 13th, 2017, McEwen Mining reported consolidated production for Q2 2017 of 22,191 gold ounces and 779,487 silver ounces, or 32,584 gold equivalent ounces, using a 75:1 gold to silver ratio. The Company also announced that, as at June 30th, 2017, it is debt-free with liquid assets of $44 million comprised of $24 million in cash, $8 million in precious metals, and $12 million in marketable securities. Register for free on DailyStockTracker.com and access the latest report on MUX at:
Toronto, Canada-based Primero Mining Corp.’s shares recorded a trading volume of 454,371 shares. The stock closed 1.62% higher at $0.33. The Company’s shares are trading 18.80% below their 50-day moving average. Additionally, shares of Primero Mining, which engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico, have an RSI of 33.87.
On July 11th, 2017, Primero Mining announced that the Company plans to release its second-quarter 2017 operating and financial results before the market opens on August 10th, 2017. A conference call will also be held on the same day at 10:00 a.m. ET to discuss Q2 operating and financial results. A live and archived webcast of the conference call will also be available under the News and Events section of the Company’s website. Get free access to your research report on PPP at:
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