Gold Miners Traded Higher: Randgold Resources (NASDAQ:GOLD), Newmont Mining Corp (NYSE:NEM), Barrick Gold Corporation (USA) (NYSE:ABX), Goldcorp Inc.(NYSE:GG)

Posted by on Apr 24, 2014

Randgold Resources (NASDAQ:GOLD) is in a basing period, but looks stronger than most of its peers. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) shares after opening at $78.26 moved to $79.83 on last trade day and at the end of the day closed at $79.55. Company price to sales ratio in past twelve months was calculated as 6.51 and price to cash ratio as 185.23. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) showed a positive weekly performance of 0.99%.

Newmont Mining Corp (NYSE:NEM) Merger Talks with Barrick Is Driven By Fear of A Lower Gold Price. Newmont Mining Corp (NYSE:NEM) shares advanced 3.51% in last trading session and ended the day on $25.92. 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 -17.40%.

Barrick Gold Corporation (USA) (NYSE:ABX) divested its minority interest in Marigold mine to Silver Standard Resources for a cash of $86 million. Barrick Gold Corporation (USA) (NYSE:ABX) shares moved up 1.48% in last trading session and was closed at $17.81, while trading in range of $17.46 – $18.00. Barrick Gold Corporation (USA) (NYSE:ABX) year to date (YTD) performance is 1.25%.

Vancouver-based Goldcorp Inc. (USA) (NYSE:GG) has allowed its bid for Quebec gold miner Osisko Mining Corp. to expire after failing to garner support from shareholders. Goldcorp Inc. (USA) (NYSE:GG) weekly performance is 4.22%. On last trading day company shares ended up $24.71. Goldcorp Inc. (USA) (NYSE:GG) distance from 50-day simple moving average (SMA50) is -5.24%. Analysts mean target price for the company is $29.64.

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