Barrick Gold Corporation (USA) (NYSE:ABX) speculators have also bought to open bullish bets over bearish at a faster-than-usual rate recently, according to the stock’s 10-day ISE/CBOE/PHLX call/put volume ratio of 3.55, which ranks in the 77th annual percentile. This comes as no surprise, considering Barrick Gold Corporation has climbed almost 21% since the start of the year to perch at $21.23. Plus, the equity’s SVI of 35% sits below 73% of similar readings from the past 12 months, indicating front-month options can be picked up at a bargain right now, relatively speaking. Barrick Gold Corporation (USA) (NYSE:ABX) stock opened at $21.20 in last session, and closed at $21.08, while the day range of ABX stock is $21.02-$21.45.The stock showed a positive weekly performance of 3.54%.
On back of the ageing facility and plunging gold prices, Newmont Mining Corp (NYSE:NEM) announced Monday that it plans to further cut down 600 jobs at its Ghana gold mine within June this year. The gold mining companies suffered hefty losses in the previous months as the gold prices dipped 28%. Lately, there has been some relief as gold prices picked up 4% post U.S. Federal Reserve’s stimulus tapering measures. Newmont Mining Corp (NYSE:NEM)’s external affairs director, AdikiAyitevie said that the proposed job cuts are necessary in order to keep its expenditure realigned with the reduced mining rate at the facility and the volatile gold prices. Newmont Mining Corp (NYSE:NEM) stock opened at $23.60, in last session and closed at $23.75, by gained 0.34%.The 52 week range was $20.78-$42.00.Company’s market capitalization is $11.83 billion.
Goldcorp Inc. (USA) (NYSE:GG) has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, GOLDCORP INC swung to a loss, reporting -$3.29 versus $1.78 in the prior year. Goldcorp Inc. (USA) (NYSE:GG) stock loosed -1.38% and finished the last session at $27.25.The EPS of the stock remained -1.46.Company’s market capitalization is $22.13 billion.
MicroStrategy Incorporated made a press release on Monday stating that Kinross Gold Corporation (USA) (NYSE:KGC) has started using its mobile solution for mining operations. The Canadian based gold miner has been on a lookout for a mobile application which could provide real-time feed of mining operations through giving the regional managers the convenience to input data at any given place and time without a PC. And after a rigorous evaluation of the various vendors, Kinross Gold Corporation (USA) (NYSE:KGC) finally settled with its selection of MobileStrategy. The latest iPad application has made a lot of difference across the gold miner’s sites. Kinross Gold Corporation (USA) (NYSE:KGC) stock opened the session at $5.26, and closed the session at $5.19.The 52 week range of the KGC stock remained $4.23-$8.17 and the day range was $5.18-$5.35.
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