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Wall Street Fundamentals Releases New In-Depth Stock Reports on HMY, IAG, KGC and NGD

ACCESSWIRE

New York, NY – Gold stocks have struggled in 2013 as prices for the precious metal have struggled to maintain any upwards momentum. Gold prices have fallen for seven consecutive days, which is the longest streak since the financial crisis. An improving U.S. economy and subsiding fears related to the Euro Zone crisis has tarnished gold’s safe haven appeal among investors. "As equities continue to rally and inflation data fails to show inflation, I don't see any reason to own gold, unless you like how it looks on the shelf," said Archer Financial Services’ senior market strategist, Adam Klopfenstein.

Harmony Gold Mining Co. (NYSE:HMY - News) shares declined 7.84 percent Friday to close at $3.76, down approximately 58 percent year-to-date. The stock appears to face stiff resistance at $4.37. The company reported gold production of 247 529 ounces for the first quarter of 2013, a year-over-year decrease of 15 percent. The decline in production was largely attributable to the temporary closure of Kusasalethu mine.

More information on Harmony Gold Mining and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HMY

IAMGOLD Corp. (NYSE:IAG - News)(TSX:IMG.TO - News) shares closed at $4.68 Friday, down approximately 59 percent year-to-date. The stock appears to be facing strong resistance at $5.60 a share. The company reported total cash costs of $787 an ounce for the first quarter of 2013, which was $63 below the bottom of guidance. Revenues for the first quarter decreased 14 percent year-over-year to $305.3 million.

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More information on IAMGOLD and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IAG

Kinross Gold Corp. (NYSE:KGC - News)(TSX:K.TO - News) shares closed at $5.26 Friday and are down approximately 45 percent year-to-date. The stock appears to be facing stiff resistance at $5.41 a share. The company reported production grew to 648,897 gold equivalent ounces for the first quarter of 2013, compared to production of 588,358 ounces in the year ago quarter.

More information on Kinross Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KGC

New Gold Inc. (NYSEMKT:NGD - News)(TSX:NGD.TO - News) shares declined 6.25 percent Friday to close at $6.30, down approximately 43 percent year-to-date. The company reported production of 94,695 ounces of gold at total cash costs of $485 per ounce for the first quarter of 2013, a decrease of roughly 4,600 ounces when compared to the year ago quarter.

More information on New Gold and access to the freeequity report can be found at:
www.WallStreetFundamentals.com/NGD

WallStreet 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.

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Wall Street Fundamentals
website:www.WallStreetFundamentals.com
email:editor@wallstreetfundamentals.com