Gold Stocks in Volume Active Stream: (NYSE:ABX), (NYSE:NEM), (NYSE:KGC), (NYSE:GG).
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Today’s focus is on: ABX, NEM, KGC, GG
Barrick Gold Corporation (USA) (NYSE:ABX) was in the volume gaining stream of the gold industry. On December 21, 2012, the stock’s volume was 12,908,600 shares, compared to average trading shares of 7.13 million.
The day range of ABX remained $33.29 – $33.93 and the 52 week price range was $31.00 – $50.39. The market capitalization of the stock was 33.40 billion.
Tracking its past one month percentage change, the stock has shown some downward performance, having a negative change of -6.08%, but the stock gained positive performance in its prior 10 years and soared +116.89%.
How Should Investors Trade ABX Now? Don’t Trade ABX Until You Read This TREND ANALYSIS REPORT
Newmont Mining Corp (NYSE:NEM) was a strapping volume gold stock of Friday’s trading activity, as its number of shares traded in the last trading day were 10,630,000 and its average trading capacity was 5.93 million shares.
Watching NEM’s previous 5 days trend, the stock advanced +0.65%. On December 21, 2012, the market capitalization of the stock remained 22.13 billion.
Get A Free Report And Detailed Analysis On NEM CLICK HERE To Read
Another Gold industry stock that traded effectively was Kinross Gold Corporation (USA) (NYSE:KGC). The stock traded with volume of 9,569,100 shares, as compared to average volume of 7.36 million shares.
The preceding three month’s performance demonstrated the stock as a loser because it shed more than 9%. Similarly, the one year to date performance was -17.72%.
How Should Investors React To KGC Now? Find Out In This TREND ANALYSIS REPORT
Goldcorp Inc. (USA) (NYSE:GG) was also in the volume gaining stream. On December 21, 2012, the stock’s volume was 9,448,700 shares, compared to average trading shares of 5.22 million.
The stock’s 5 days and six month performances were in the negative -4.4% and -5.02%, respectively. The beta of GG was 0.51.
Goldcorp Inc. (USA) (NYSE:GG)’s Q3 2012 adjusted earnings of 54 cents for each share go beyond the Zacks Consensus estimation of 45 cents. Revenues moved up approximately 18% year over year, to $1.54 billion on higher gold sales and advanced from the Zacks Consensus Estimate.
Is GG A Solid Investment At These Levels? Find Out Exactly Where GG Is Headed With This TREND ANALYSIS REPORT
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