Fortuna Silver Mines (NYSE:FSM) was upgraded by investment analysts at Haywood Securities from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, American Banking & Market News reports. Fortuna Silver Mines Inc. (NYSE:FSM) shares after opening at $3.89 moved to $3.92 on last trade day and at the end of the day closed at $3.60. Company price to sales ratio in past twelve months was calculated as 3.26. Fortuna Silver Mines Inc. (NYSE:FSM) showed a negative weekly performance of -17.42%.
Asanko Gold (“Asanko”)CA:AKG -5.97% (nyse mkt:AKG) is pleased to announce the appointment of Colin Steyn as Chairman of the Board of Directors following the first meeting of the newly constituted Board post the successful acquisition of PMI Gold. The other members of the Board are Peter Breese (President and CEO), Peter Bradford, Gordon Fretwell, Marcel de Groot, Michael Price and Shawn Wallace. Asanko Gold Inc (NYSEMKT:AKG) shares fell -6.69% in last trading session and ended the day on $2.23. AKG return on equity ratio is recorded as -2.40% and its return on assets is -2.20%. Asanko Gold Inc (NYSEMKT:AKG) yearly performance is -36.83%.
Hyperdynamics Corporation (NYSE: HDY) announced that it has communicated to the Government ofGuinea and Tullow its response to Tullow’s assertion without advance notification or discussion of force majeure and suspension of plans to commence drilling of an exploratory well offshore Guinea. Hyperdynamics Corporation (NYSE:HDY) shares moved up 7.81% in last trading session and was closed at $2.07, while trading in range of $1.94-$2.15. Hyperdynamics Corporation (NYSE:HDY) year to date performance is -49.14%.
McEwen Mining Inc (NYSE:MUX) a leading producer of various precious metals in the United States. The company has now reported its Q4 & full-year financial & operating results. The company’s Q4 net loss was $11.3M with this loss including the net tax writedown for the explorations in Nevada that amounted to $18.8 million. Earnings from the operations in the Q4 came in at $6.5M which was a drop from the high of $19.2M reported in the same quarter of 2012 & $16.3M for the Q3 of the same financial year. This was primarily due to the dip in gold and silver prices. McEwen Mining Inc (NYSE:MUX) weekly performance is -18.64%. On last trading day company shares ended up $2.75. McEwen Mining Inc (NYSE:MUX) distance from 50-day simple moving average is 0.58%. Analysts mean target price for the company is $3.90.
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