Monday, November 19, 2012

Hot Gold Stocks today november 19 2012

Hot Gold Stocks today november 19 2012 : Gold jumped one percent on Monday, improving last week’s losses, on augmented risk appetite as the dollar show flexibility. Spot gold increased 1.02 percent to $1,731.00 an ounce by 1430 GMT, having former rise to $1,732.10. U.S. gold advanced 0.97 percent to $1,731.40. The gold market’s consideration is mainly focused on the financial plan talks between U.S. President Barack Obama and Congressional leaders.

New York’s SPDR Gold Trust GLD, holdings of the largest gold-backed exchange-traded-fund (ETF), jumped 0.22 percent on Friday, while those of the major silver-backed ETF, New York’s iShares Silver Trust SLV, dropped 0.45 percent for the same period.
Here we are going to discuss some gold stocks showing positive moves.

Barrick Gold Corporation (USA) (NYSE:ABX)
During mid day trading, Barrick Gold Corporation (USA) (NYSE:ABX) jumped +1.51% to $34.23 and the volume was 3.11 million shares. Its fifty two week range was $30.84-$52.43. The total market capitalization remained $33.74 billion.

ABX is ahead its 52 week low with 11.09% and its last month price volatility remained 2.89%. Its beta coefficient was 0.42 with a target price of $51.40. Company’s current year earnings per share grew with 29.15% while the five year EPS growth rate was +25.85%.

Kinross Gold Corporation (USA) (NYSE:KGC)
Kinross Gold Corp reported that the Company remains on pathway to achieve its fiscal 2012 production estimate of approximately 2.5-2.6 million gold alike ounces from its ongoing operations, and its expenditure of sales prediction of $690-$725 per gold equivalent ounce.

Kinross Gold Corporation (USA) (NYSE:KGC) +1.37% to $9.63 in mid day trading and total traded volume was 2.68 million shares. KGC has market cap of 10.96 billion while its outstanding shares are 1.14 billion.

Newmont Mining Corp (NYSE:NEM)
Shares of Newmont Mining Corporation entered into oversold region, striking an RSI reading of 29.0, after changing hands as low as $47.86 per share. By evaluation, the present RSI reading of the S&P/TSX Composite Index is 32.9.

Newmont Mining Corp (NYSE:NEM) advanced +1.28% to $47.26 with the total traded volume of 2.48 million shares in mid day trading on Monday. In its share capital NEM has 491.54 million outstanding shares while 490.11 million shares have been floated in market. NEM has insider ownership of 0.02% with its institutional ownership remained 83.03%.

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