Gold Miners: Goldcorp Inc. (NYSE:GG), Newmont Mining (NYSE:NEM), Barrick Gold Corporation (NYSE:ABX), Kinross Gold Corporation (NYSE:KGC)

Shares of Goldcorp (NYSE:GG) have received an average rating of “Hold” from the twenty-four ratings firms that are covering the stock,American Banking News.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $28.70. Goldcorp Inc. (USA) (NYSE:GG) shares after opening at $25.55 moved to $25.65 on last trade day and at the end of the day closed at $24.57. Company price to sales ratio in past twelve months was calculated as 4.68 and price to cash ratio as 20.18. Goldcorp Inc. (USA) (NYSE:GG) showed a negative weekly performance of -7.94%.

Zacks lowered shares of Newmont Mining Corp (NYSE:NEM) from a neutral rating to an underperform rating in a research report released on Tuesday morning, StockRatingsNetwork.com reports. Zacks currently has $22.00 price objective on the stock. Newmont Mining Corp (NYSE:NEM) shares fell -3.55% in last trading session and ended the day on $23.07. NEM return on equity ratio is recorded as -21.00% and its return on assets is -9.20%. Newmont Mining Corp (NYSE:NEM) yearly performance is -42.71%.

Barrick Gold Corporation (USA) (NYSE:ABX) announced that after the release of March 10, 2014, it has accomplished the divestment of 41 million ordinary shares in African Barrick Gold Plc. (ABG). This, in total, represents almost 10% of the issued ordinary share capital of ABG at a cost of 275 pence per ordinary share. This raises the gross proceeds of about GBP 113 million which is equivalent to USD188 million. Barrick Gold Corporation (USA) (NYSE:ABX) shares moved down -3.46% in last trading session and was closed at $17.88, while trading in range of $17.84-$18.63. Barrick Gold Corporation (USA) (NYSE:ABX) year to date performance is 1.65%.

Kinross Gold Corporation (USA) (NYSE:KGC), one of the biggest gold miners having operations in Russia, has requested Canada to resolve the standoff with Russia by adopting a “balanced approach”, post annexation of Crimea this month. It is mentionable that Canada has imposed travel bans as well as financial sanctions on Russia due the ongoing Ukraine crisis. Therefore, in view of these mounting sanctions over Russia, the gold miner has reportedly approached the Canadian government to request it to consider the Canadian interests in Russia. While the gold miner itself is not impacted due to the political turmoil but it has a substantial interest in Russia, through the operation of its two mines there, which are expected to generate 27% of gold in 2014. Kinross Gold Corporation (USA) (NYSE:KGC) weekly performance is -11.46%. On last trading day company shares ended up $4.25. Kinross Gold Corporation (USA) (NYSE:KGC) distance from 50-day simple moving average is -12.96%. Analysts mean target price for the company is $5.78.