Canaccord Genuity upgraded Eldorado Gold Corp (NYSE: EGO) from Hold to Buy with a price target of C$8.50. Analyst Tony Lesiak believes its risk/reward profile has become favorable. Eldorado Gold Corp (USA) (NYSE:EGO) shares after opening at $5.98 moved to $6.15 on last trade day and at the end of the day closed at $5.96. Company price to sales ratio in past twelve months was calculated as 3.78 and price to cash ratio as 6.77. Eldorado Gold Corp (USA) (NYSE:EGO) showed a positive weekly performance of 2.58%.
New Gold Inc. (NYSE MKT:NGD) announces that it will host its Annual General and Special Meeting of Shareholders on Wednesday, April 30, 2014. New Gold has filed its 2013 management’s discussion and analysis of financial condition (MD&A), 2013. New Gold Inc. (USA) (NYSEMKT:NGD) shares advanced 2.35% in last trading session and ended the day on $5.23. NGD return on equity ratio is recorded as -6.80% and its return on assets is -4.40%. New Gold Inc. (USA) (NYSEMKT:NGD) yearly performance is -39.40%.
Barrick Gold Corporation (USA) (NYSE:ABX) announced it has completed the divestiture of its minority interest in the Marigold mine (“Marigold”) in Nevada to Silver Standard Resources Inc. (“Silver Standard”) for total cash consideration of $86 million, subject to certain closing adjustments. Barrick Gold Corporation (USA)(NYSE:ABX) shares moved up 0.71% in last trading session and was closed at $18.48, while trading in range of $ 18.38 – 19.01. Barrick Gold Corporation (USA) (NYSE:ABX) year to date (YTD) performance is 5.06%.
GOLD CORP INC.(NYSE: GG) announced that the Company and their joint venture partner Barrick Gold Corporation (“Barrick”) have completed the sale of their respective interests in the Marigold mine in Humboldt County, Nevada to Silver Standard Resources Inc. (NASDAQ: SSRI, TSX: SSO). Total consideration paid at closing to Goldcorp and Barrick was $275 million. Marigold was a joint venture operation between Goldcorp who was the operator and 66.7% partner and Barrick who was the 33.3% partner. Goldcorp Inc. (USA) (NYSE:GG) weekly performance is -0.84%. On last trading day company shares ended up $24.90. Gold corp Inc. (USA) (NYSE:GG) distance from 50-day simple moving average (SMA50) is -4.68%. Analysts mean target price for the company is $29.77.