Gold Stocks In News: Barrick Gold Corporation (NYSE:ABX), Goldcorp (NYSE:GG), Kinross Gold Corporation (NYSE:KGC), AngloGold Ashanti (NYSE:AU)

Barrick Gold Corporation (USA) (NYSE:ABX) announced it has completed the divestiture of its interest in the Kanowna Belle and Kundana mine operations (collectively “Kanowna”) in Western Australia to Northern Star Resources Ltd (“Northern Star”) for total cash consideration of A$75 million, subject to certain closing adjustments. Barrick Gold Corporation (USA) (NYSE:ABX) stock opened at $20.94 in last trading session, and closed at $20.50, trading in the range of $20.44 – $21.02. The stock showed a negative weekly performance of -3.21%.

Goldcorp Inc. (USA) (NYSE:GG) announced that the legal action commenced by Osisko Mining Corporation (“Osisko”) in the Quebec Superior Court has been resolved based on an agreement reached between Goldcorp and Osisko. Pursuant to the agreement, Osisko has agreed to provide Goldcorp full due diligence access to its business and assets immediately following the announcement of any transaction outside the normal course of its business, or in any event, no later than April 1, 2014. Osisko has also agreed to waive its shareholder rights plan no later than April 14, 2014. Goldcorp has agreed not to take up and pay for any Osisko shares under its offer until April 15, 2014. Goldcorp Inc. (USA) (NYSE:GG) shares closed at $27.32 on last trade day, by gaining 1.45%. Stock 52 week range is $20.54 – $33.80. Company’s market capitalization is $22.19 billion.

Kinross Gold Corp (NYSE:KGC) had its target price boosted by Morgan Stanley from $0.50 to $5.75 in a report issued on Thursday, Stock Ratings Network.com reports. They currently have an equal weight rating on the stock. Kinross Gold Corporation (USA) (NYSE:KGC) stock decreased -0.57% and finished the last session at $5.19. The EPS of the stock remained -2.64. Company’s market capitalization is $5.93 billion.

AngloGold Ashanti Limited (ADR) (NYSE:AU) was downgraded to Sell from and already cautious Neutral rating at UBS. AngloGold Ashanti Limited (ADR) (NYSE:AU) stock opened at $18.54 in last trading session and closed at $ 17.96. The 52 week range of the stock is $11.14 – $25.47 and the day range was $17.89 – $18.57.