June 12, 2013 at 10:55 AM EDT
StockCall Study on ABX, KGC, GG, and AU
StockCall.com Provides Stock Research on Barrick Gold Corp., Kinross Gold Corp., Goldcorp Inc., and AngloGold Ashanti Ltd.
New York City, New York -- (June 12, 2013)
Gold prices have been under pressure since the start of this year. Gold’s rally in the last few years was fuelled by Federal Reserve’s ultra-loose monetary policy measures. However, in recent weeks, there has been growing speculation that the Feds will start easing its $85 billion a month bond buying program. This has put further pressure on gold prices. The sharp decline in gold prices has also pushed gold stocks down sharply this year. On Tuesday, June 11, 2013, gold stocks once again fell sharply, tracking losses in the broader market which fell after the Bank of Japan (BOJ) kept its monetary policy unchanged. The major movers included Barrick Gold Corporation (USA) (NYSE: ABX), Kinross Gold Corporation (USA) (NYSE: KGC), Goldcorp Inc. (USA) (NYSE: GG), and AngloGold Ashanti Limited (ADR) (NYSE: AU). StockCall free coverage on ABX, KGC, GG, and AU is available upon registration at
Shares in Barrick Gold Corporation fell sharply on Tuesday, extending their losses from previous trading sessions. The company’s shares ended the day 3.68% lower at $19.65 after trading between $19.61 and $20.24. A total of 11.59 million shares were traded which is well below the daily average volume of 17.65 million. Shares of ABX have now fallen 7% in the last three sessions. So far this year, the stock has declined nearly 42%, thus underperforming the S&P 500. Shares of this gold miner are trading well below their 50-and 200-day moving averages. Download the free technical research on ABX by signing up at
Kinross Gold Corporation’s stock was one of the worst performers in the gold mining sector yesterday, June 11, 2013. The company’s shares hit an intraday low of $5.82 before finishing the day 6.01% lower at $5.94. A total of 14.93 million shares were traded on Tuesday which is above the daily average volume of 13.10 million. The stock has fallen over 9.70% in the last three market days. So far this year, shares of KGC have fallen nearly 38.90% as gold prices have been struggling. The stock is now trading nearly 47% below its 52-week high. Register now and get access to the free analysis on KGC at
Shares in Goldcorp Inc. slipped on Tuesday, extending their losses from previous sessions. The company’s shares traded between $27.73 and $28.28 before finishing the day 3.04% lower at $27.77. Volume was 6.14 million shares which is below the daily average volume of 7.02 million. GG’s shares are now down over 7% in the last three sessions. The stock is currently trading close to its 52-week low of $25.54. So far this year, shares of Goldcorp have dropped over 23.70%. Sign up and read the complimentary report on GG at
AngloGold Ashanti Limited’s stock experienced a sharp decline on Tuesday as it ended the day 2.02% lower at $16.52 after trading between $16.40 and $16.82. It also saw a total volume of 3.01 million shares traded which is below the daily average volume of 3.37 million. The company’s shares have fallen 7.50% in the last three sessions. The stock is currently trading near its 52-week low of $16.22. Shares of AU are also trading well below their 50- and 200-day moving averages. The free report on AU can be downloaded by signing up now at
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William T. Knight
Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)
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