Yamana Gold Inc. (USA) (NYSE:AUY) and Agnico Eagle Mines Limited (AEM) on June 16 announce the completion of their previously announced court-approved plan of arrangement pursuant to which Yamana and Agnico Eagle have jointly acquired 100% of the issued and outstanding common shares of Osisko Mining Corporation (“Osisko”). Osisko’s common shares will be de-listed from the Toronto Stock Exchange (“TSX”) at the close of business. Yamana and Agnico Eagle now each own 50% of Osisko and have formed a joint committee to operate the Canadian Malartic mine in Quebec. Yamana Gold Inc. (USA) (NYSE:AUY) net profit margin is -34.80% and weekly performance is 0.86%. On last trading day company shares ended up $8.17. Analysts mean target price for the company is $10.75. Yamana Gold Inc. (USA) (NYSE:AUY) distance from 50-day simple moving average is 6.35%.
GOLDCORP INC. (TSX: G, NYSE: GG) would like to remind holders of shares of Gold Eagle Mines Ltd. (“Gold Eagle”), that the sunset clause on exchanging these shares for common shares of Goldcorp Inc. and cash expires on September 25, 2014 (“Deadline”). On September 25, 2008 (“Effective Date”), Goldcorp completed the acquisition of all the outstanding shares of Gold Eagle under a Plan of Arrangement. Goldcorp Inc. (USA) (NYSE:GG) shares fell -2.47% in last trading session and ended the day on $27.22. GG Gross Margin is 26.10% and its return on assets is -8.70%. Goldcorp Inc. (USA) (NYSE:GG) quarterly performance is 7.29%.
ArcelorMittal SA (NYSE:MT) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. ArcelorMittal SA (ADR) (NYSE:MT) shares moved down -0.66% in last trading session and was closed at $15.04, while trading in range of $15.03-$15.24. ArcelorMittal SA (ADR) (NYSE:MT) year to date performance is -15.70%.
Analysts at Zacks upgraded shares of Barrick Gold from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 18th. They now have a $18.00 price target on the stock. Barrick Gold Corporation (USA) (NYSE:ABX) ended the last trading day at $17.74. Company weekly volatility is calculated as 2.94% and price to cash ratio as 7.71. Barrick Gold Corporation (USA) (NYSE:ABX) showed a positive weekly performance of 3.93%.
Kinross Gold (NYSE:KGC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $817.40 million for the quarter, compared to the consensus estimate of $789.88 million. Kinross Gold Corporation (USA) (NYSE:KGC) weekly performance is 1.71%. On last trading day company shares ended up $4.17. Analysts mean target price for the company is $5.42. Kinross Gold Corporation (USA) (NYSE:KGC) distance from 50-day simple moving average is 3.39%.
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