Gold Miners To Watch: Randgold Resources (NASDAQ:GOLD), Barrick Gold Corporation (NYSE:ABX), Goldcorp (NYSE:GG), AngloGold Ashanti Limited (NYSE:AU)

Posted by on Apr 28, 2014

HSBC downgraded shares of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) from an overweight rating to a neutral rating in a research note released on Thursday morning, reports. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) shares after opening at $78.96 moved to $79.05 on last trade day and at the end of the day closed at $79.05 . Company price to sales ratio in past twelve months was calculated as 6.39 and price to cash ratio as 181.70. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) showed a positive weekly performance of 0.44%.

Barrick Gold Corporation (USA) (NYSE:ABX) the world’s largest producer of the metal by volume, fell to the lowest this year after media reports indicated talks for a possible merger with Newmont Mining Corp. (NYSE:NEM), the largest U.S. gold producer, broke down in the past week. Barrick Gold Corporation (USA) (NYSE:ABX) shares advanced 2.40% in last trading session and ended the day on $17.89. ABX return on equity ratio is recorded as -65.60% and its return on assets is -25.00%. Barrick Gold Corporation (USA) (NYSE:ABX) yearly performance is -4.38%.

GOLDCORP INC. (USA) (NYSE:GG) announced that the minimum tender condition of its offer for all of the issued and outstanding shares of Osisko Mining Corporation (“Osisko”) was not met by the expiry time of 11:59 p.m. EDT on April 22, 2014. Accordingly, Goldcorp’s offer expired in accordance with its terms and Goldcorp did not take up any of the Osisko shares deposited pursuant to the offer. All Osisko shares deposited to the offer will be returned to the Osisko shareholders who deposited them. Goldcorp Inc. (USA) (NYSE:GG) shares moved up 1.26% in last trading session and was closed at $24.86 while trading in range of $24.53 – $24.95 – Goldcorp Inc. (USA) (NYSE:GG) year to date (YTD) performance is 15.63%.

TheStreet Ratings rates Anglogold Ashanti Limited (ADR) (NYSE:AU) as a sell. AngloGold Ashanti Limited (ADR) (NYSE:AU) weekly performance is 5.33%. On last trading day company shares ended up $18.39. AngloGold Ashanti Limited (ADR) (NYSE:AU) distance from 50-day simple moving average (SMA50) is 3.13%. Analysts mean target price for the company is $17.33.

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