Gold miners Active Stocks: AngloGold Ashanti (NYSE:AU), Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM), Kinross Gold (NYSE:KGC)

AngloGold Ashanti Limited (NYSE:AU) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, Analyst RN reports. The firm currently has a $19.30 price target on the stock. Zacks’ target price points to a potential upside of 7.40% from the company’s current price. Shares of AngloGold Ashanti Limited (ADR) (NYSE:AU) closed at $17.58 in last trading session. Yesterday share price of the company was traded in the range of $17.41 – $17.83. Company now has a market value of $7.07 billion. AngloGold Ashanti Limited (ADR) (NYSE:AU) price to sales ratio in past twelve months was calculated as 1.25 and price to cash ratio as 8.73.

Canaccord Genuity reiterated their sell rating on shares of Barrick Gold Corporation (USA) (NYSE:ABX) in a research note released on Tuesday morning, Stock Ratings Network reports. They currently have a C$20.50 target price on the stock, up from their previous target price of C$17.50. Barrick Gold Corporation (USA) (NYSE:ABX) stock traded in the range of $20.30 – $20.80 and at the end of the day, it closed at $20.38. Average trading volume of the company is $12.27M. Barrick Gold Corporation (USA) (NYSE:ABX) return on equity ratio is recorded as -65.60% and its return on assets is -25.00%.

Newmont Mining Corp (NYSE:NEM) stock was downgraded from Buy to Hold at Argus on 26-Feb-14. Newmont Mining Corp (NYSE:NEM) after opening at $23.56, moved down -1.40% to $23.26 on last trading day. Company’s 52 week range is $20.78 – $42.00.

Kinross Gold Corporation (USA) (NYSE:KGC) announced that it has priced an offering of debt securities consisting of US$500 million principal amount of its 5.95% Senior Notes, due 2024. The notes will be unsecured, senior obligations of Kinross and will be wholly and unconditionally guaranteed by certain of Kinross’ wholly-owned subsidiaries that are also guarantors under Kinross’ senior unsecured credit agreement. The offering is expected to close on March 6, 2014. Kinross intends to use the net proceeds to repay a portion of its term loan, which is due August 2017. Kinross Gold Corporation (USA) (NYSE:KGC) stock hit highest price at $5.28, beginning with a price of $5.22 and increased 0.97% to the close at $5.22 with day range of $5.16 – $5.28. The total market capitalization of the stock is $5.97 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *