Analysts at Jennings Capital upgraded shares of New Gold Inc. (USA) (NYSEMKT:NGD) from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $7.00 price target on the stock. New Gold Inc. (USA) (NYSEMKT:NGD) net profit margin is -29.80% and weekly performance is 10.75%. On last trading day company shares ended up $6.08. Analysts mean target price for the company is $6.70. New Gold Inc. (USA) (NYSEMKT:NGD) distance from 50-day simple moving average (SMA50) is 18.28%.
B2Gold Corp (NYSEMKT:BTG) announced on 14 may, Gold revenue for the first quarter of 2014 was $129 million on sales of 98,995 ounces at an average price of $1,303 per ounce compared to $154.9 million (which included a non-cash amount of $9.4 million described below) on sales of 95,042 ounces at an average price of $1,629 per ounce in the 2013 first quarter. B2Gold Corp (NYSEMKT:BTG) shares advanced 6.37% in last trading session and ended the day on $2.67.B2Gold Corp (NYSEMKT:BTG) quarterly performance is -16.82%.
W&T Offshore, Inc. (NYSE:WTI) says that its wholly owned subsidiary, W & T Energy VI, LLC, has completed the acquisition of exploration and production properties in the deepwater GoM from Woodside Energy (USA) Inc. The transaction includes a 20% non-operated working interest in the producing Neptune field (Atwater Valley blocks 574, 575, and 618 along with an interest in the associated tension leg platform). In addition, Energy VI is acquiring all of Woodside’s interest in 24 deepwater exploration blocks. W&T Offshore, Inc. (NYSE:WTI) shares moved up 8.44% in last trading session and was closed at $15.68, while trading in range of $14.60 – $15.68. W&T Offshore, Inc. (NYSE:WTI) year to date (YTD) performance is -0.63%.
Analysts at HC Wainwright assumed coverage on shares of General Moly Inc. (NYSE:GMO) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $1.70 price target on the stock. HC Wainwright’s target price suggests a potential upside of 68.32% from the stock’s previous close. General Moly, Inc. (NYSEMKT:GMO) ended the last trading day at $1.16. Company weekly volatility is calculated as 5.99% and price to cash ratio as 6.27.General Moly, Inc. (NYSEMKT:GMO) showed a positive weekly performance of 12.62%.
Rio Alto Mining Limited (NYSE:RIOM) announces that Dr. Roger Norwich has resigned from its board of directors for health and personal reasons. Rio Alto Mining Ltd (NYSE:RIOM) weekly performance is 20.59%. On last trading day company shares ended up $2.05. Analysts mean target price for the company is $2.15. Rio Alto Mining Ltd (NYSE:RIOM) distance from 50-day simple moving average (SMA50) is 7.39%.
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