AFRICAN Barrick Gold (USA) (NYSE:ABX)’s shares tumbled almost 19 per cent in London trading yesterday, after its parent company Barrick Gold sold off 10 per cent of the struggling miner’s stock. Barrick Gold Corporation (USA) (NYSE:ABX) stock opened at $19.86 in last session, and closed at $19.82, while the day range of stock is $19.74 – $20.01. The stock showed a negative weekly performance of -2.65%.
The unionized workers of Canadian miner Kinross Gold Corporation (USA) (NYSE:KGC)’s Maricunga mine in Chile’s northern región III resumed negotiations with executives, following a week-long strike. Kinross Gold Corporation (USA) (NYSE:KGC) stock opened at $4.97, in last session and closed at $4.87, by losing -1.02%. The 52 week range of the stock is $4.23 – $8.17. Company’s market capitalization is $5.57 billion.
Newmont Mining Corp (NYSE:NEM) appears to have drawn a line under its accidental investment in Paladin Energy, last night trying to sell its 52 million shares in the Perth uranium miner for 52.5� each. Newmont Mining Corp (NYSE:NEM) stock advanced 0.79% and finished the last session at $24.35. The EPS of the stock remained -1.48. Company’s market capitalization is $12.24 billion.
The firm upgraded shares of Gold Fields Limited (ADR) (NYSE:GFI) from a sector perform rating to a sector outperform rating. Also, CIBC upgraded shares of Harmony Gold Mining from an underperform rating to a sector perform rating. Gold Fields Limited (ADR) (NYSE:GFI) stock opened the session at $3.92, and closed the session at $4.00. The 52 week range of the stock remained $2.92 – $8.27 and the day range was $3.92 – $4.01.