Barrick Gold Corporation (USA) (NYSE:ABX) reported another very messy set of earnings on Thursday, highlighted by a steep drop in reserves, a projection of much lower gold production in 2014, and another enormous collection of writedowns. The world’s largest gold producer said its fourth quarter loss was US$2.83-billion, driven by impairment charges on the disastrous Pascua-Lama project and other operations. After stripping all the impairments, adjusted earnings were US$410-million, or US37¢ a share, compared to the average analyst estimate of US41¢.Barrick Gold Corporation (USA) (NYSE:ABX) stock opened at $19.17 in last trading session, and closed at $20.09, trading in the range of $19.13 – $20.22. The stock showed a positive weekly performance of 8.59%.
Eldorado Gold Corp (TSE:ELD) has received an average rating of “Buy” from the ten ratings firms that are presently covering the stock, Stock Ratings Network.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$9.84. Eldorado Gold Corp (USA) (NYSE:EGO) shares closed at $7.10 on last trade day, by gaining 5.34%. Stock 52 week range is $5.35 – $10.83. Company’s market capitalization is $5.09 billion.
McEwen Mining Inc (NYSE:MUX) average recommendation is hold with buy with average Target Price of $3.55. McEwen Mining Inc (NYSE:MUX) stock finished the last session at $2.98. The EPS of the stock remained -0.56. Company’s market capitalization is $985.46 million.
Precision Drilling Corp (USA) (NYSE:PDS)’s ambitious investment in high-performance rigs is starting to reap returns, said CEO Kevin Neveu on Thursday. The Calgary-based company reported strong fourth-quarter financial results Thursday, which it credited in part to customer demand for its high-efficiency horizontal drilling Tier One rigs. Precision — the largest drilling company in Canada — retired 52 Tier three conventional drilling rigs in 2012 and has since been investing in its Tier One fleet to better position itself for unconventional resource plays. Precision Drilling Corp (USA) (NYSE:PDS) stock opened at $9.69 in last trading session and closed at $10.15. The 52 week range of the stock is $7.29 – $11.21 and the day range was $9.55 – $10.20.