Wall Street Fundamentals Releases New In-Depth Stock Reports on ABX, EGO, KGC and NEM
Gold miners slumped Wednesday as futures for the commodity slumped to four-month lows after minutes form the Federal Reserve Policy meeting suggest officials were still considering ways to exit or curb stimulus measures. "The minutes bring the risk of Fed tapering back to the forefront, even though many policymakers had said in public that it would not happen in the near future," said Frank McGhee, head precious metals dealer with Integrated Brokerage Services LLC. The Market Vectors Gold Miners ETF (NYSEARCA:GDX - News) fell 3.55 percent, while the Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ - News) declined 4.83 percent. Gold futures have fallen approximately 25.0 percent in 2013.
Barrick Gold Corporation (NYSE:ABX - News)(TSX:ABX.TO - News) shares traded in the range of $16.57 to $17.12 Thursday before settling to close at $16.85, a decrease of 1.92 percent. The stock appears to be facing some resistance at the $17.18 and $17.46 levels with some support at $15.55. Shares of Barrick Gold have fallen approximately 52.0 percent in 2013.
More information on Barrick Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ABX
Eldorado Gold Corp. (NYSE:EGO - News)(TSX:ELD.TO - News) shares traded in the range of $5.89 to $6.06 Thursday before settling to close at $6.05, a decrease of 0.82 percent. The stock appears to be facing some resistance at the $6.26 and $6.42 levels with some support at $5.86. Shares of Eldorado Gold have fallen approximately 53.0 percent in 2013.
More information on Eldorado Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EGO
Kinross Gold Corporation (NYSE:KGC - News)(TSX:K.TO - News) shares traded in the range of $4.60 to $4.73 Thursday before settling to close at $4.67, a decrease of 1.68 percent. The stock appears to be facing some resistance at the $4.82 and $4.99 levels with some support at $4.58. Shares of Kinross Gold have fallen approximately 52.0 percent in 2013.
More information on Kinross Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KGC
Newmont Mining Corp. (NYSE:NEM - News) shares traded in the range of $25.71 to $26.23 Thursday before settling to close at $25.86, a decrease of 2.01 percent. The stock appears to be facing some resistance at the $25.98 and $26.48 levels with some support at $25.53. Shares of Newmont Mining have fallen approximately 44.0 percent in 2013.
More information on Newmont Mining and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NEM
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com