Mackie cut shares of Kinross Gold Corp (NYSE:KGC) from a buy rating to a hold rating in a research note issued to investors on Friday, AnalystRatingsNetwork reports. Kinross Gold Corporation (USA) (NYSE:KGC) stock opened at $5.03 in last trading session, and closed at $5.28, trading in the range of $5.00 – $5.32. The stock showed a positive weekly performance of 2.52%.
UBS upgraded Agnico Eagle Mines Ltd (USA) (NYSE:AEM)to reflect relative valuation and increased gold price forecasts. Price target raised to $37 from $34. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) shares closed at $34.19 on last trade day, by gaining 5.79%. Stock 52 week range is $23.77 – $42.10. Company’s market capitalization is $5.95 billion.
Basic Energy Services, Inc (NYSE:BAS) Reports Q4 (Dec) loss of $0.18 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus Estimate of ($0.26); revenues rose 2.0% year/year to $308 mln vs the $307.07 mln consensus. 2014 Capex: In 2014, Basic currently plans on investing approximately $210 to $220 million on capital expenditures, with ~$55 million being financed through capital leases. Basic Energy Services, Inc (NYSE:BAS) stock advanced 15.50% and finished the last session at $23.10. The EPS of the stock remained -1.20. Company’s market capitalization is $974.81 billion.
McEwen Mining Inc (NYSE:MUX) announced that the expansion of the El Gallo 1 mine in Sinaloa State, Mexico is scheduled to be completed by early April. The expansion is ~ three months ahead of schedule and capital costs are expected to total $3 million versus the $5 million originally budgeted. Production is anticipated to grow from 37,500 oz. gold this year to 75,000 oz. gold in 2015. Cash costs are also expected to decrease from $750 per oz. to $575 per oz. starting next year. McEwen Mining Inc (NYSE:MUX) stock opened at $2.86 in last trading session and closed at $3.15. The 52 week range of the stock is $1.63 – $3.19 and the day range was $2.86 – $3.17.