Gold Stocks – Kinross Gold Corporation (USA) (NYSE:KGC), Newmont Mining Corp (NYSE:NEM), Goldcorp (NYSE:GG), IAMGOLD Corp (USA) (NYSE:IAG)

Posted by on Jan 06, 2014

Kinross Gold Corporation (USA) (NYSE:KGC) is a $5 billion market capped gold producer from Canada. During the first day of trading in the New Year, the stock managed to post a 2.34 percent increase in its market value. This turn around adds to the close to 1.86 percent increase the stock value has seen in the past one week of trading and summarily reverses the continued losses the stock had accumulated in the past 52 weeks. Over the trailing 12 months, the stock has posted a 54 percent decrease in value and this taper’s down to a 7 percent dip in value in the past one month. Kinross Gold Corporation (USA) (NYSE:KGC) stock opened at $4.52 in last session, and closed at $4.51, while the day range of KGC stock is $4.50 – $4.62. The stock showed a positive weekly performance of 3.44%.

Newmont Mining Corp (NYSE:NEM) gained sharply as gold prices on Thursday jumped by nearly $23 an ounce following reports of physical buyers looking for bargains after the metals suffered their worst year of trading in decades. Newmont Mining Corp (NYSE:NEM) stock opened at $24.17, in last session and closed at $23.92, by losing -0.17%. The 52 week range of the stock is $22.34 – $46.13. Company’s market capitalization is $11.91 billion.

Gold mining stocks including Goldcorp Inc. (USA) (NYSE:GG) gained sharply as gold prices on Thursday. Goldcorp Inc. (USA) (NYSE:GG) stock decreased -1.46% and finished the last session at $22.29. The EPS of the stock remained -1.46. Company’s market capitalization is $18.11 billion.

IAMGOLD Corp (USA) (NYSE:IAG) has been named as a Top 5 dividend paying metals and mining stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among metals and mining companies, IAG shares displayed both attractive valuation metrics and strong profitability metrics. IAMGOLD Corp (USA) (NYSE:IAG) stock opened the session at $3.58, and closed the session at $3.50. The 52 week range of the stock remained $3.15 – $11.22 and the day range was $3.49 – $3.61.

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