Barrick Gold Corporation (USA)(NYSE:ABX) shares lost 5.70% to new low on Wednesday. Gold stocks declined after gold prices eased below $1,580 an ounce today as traders took to the sidelines before the release later in the day of minutes from the Federal Reserve’s last policy meeting.
The stock settled 1.37% higher to $26.69, trading on below average volume yesterday. The stock, as of last close, traded 2.07% up from its 52 week low and was -37.44% behind its 52 week high. The stock has a 6-month performance of -34.28%.
Weaker investor confidence in gold after a fresh outflow from the world’s biggest gold exchange-traded fund and a further outlook cut from Goldman Sachs and UBS weighed on prices.
Newmont Mining Corp (NYSE:NEM) plunged 2.57%after closing Tuesday’s session 2.61% higher to settle at $40.03. The stock moved 5.15% up from the 52 week low and was -29.60% below the 52 week high.
The 6-month performance of this stock stands at 26.48% with a decline of -10.09% in the last three months and -14.79% in the previous twelve months.
Yamana Gold Inc. (USA)(NYSE:AUY) retreated 2.97% after finishing last trading day, 4.37% higher to move at $14.82. Its latest closing price was -10.80% down from an average-price of 200 days.
The stock was up 18.70% from the 52 week low and was -27.45% below the 52 week high. It has shown uptrend of 0.34% in the same period with a monthly performance of 4.22% and 3-month performance down -8.97%.
Kinross Gold Corporation (USA) (NYSE:KGC) share price fell 3.31% to $7.02. The stock, as of the latest close, was 3.42% higher from its previous close. Its latest closing price of $7.26 was up 5.22% compared with the 52 week low and was -34.53% below the 52 week high.
The stock was down -17.78% from the average-price of 200 days while it kept its distance from the SMA 50 at -7.32% and -5.89% compared with the SMA 20.