Alamos Gold (NYSE:AGI) shares have been underperforming the market this year, losing 23% year to date. The reason for this is simple: The Company’s production and revenue fell throughout 2013 and continued to decrease in the first quarter of 2014. However, Alamos Gold has certain strong points, which could position the company’s shares for future upside. Alamos Gold Inc. (NYSE:AGI) weekly performance is -0.70%. On last trading day company shares ended up $8.52. Analysts mean target price for the company is $11.81. Alamos Gold Inc. (NYSE:AGI) distance from 50-day simple moving average (SMA50) is -8.48%.
Yamana Gold Inc. (USA) (NYSE:AUY), one of the leading gold producers based in Canada has announced a change in the Senior Management of the company through a recent press release. Yamana Gold has executed this change in furtherance of implementing its restructuring strategies that would directly benefit the company’s performance over the coming quarters. Yamana Gold has also announced the results for the election of the directors to be a part of the company’s Board. Yamana Gold Inc. (USA) (NYSE:AUY) shares ended the day on $7.56. AUY gross Margin is 47.10% and its return on assets is -4.90%.Yamana Gold Inc. (USA) (NYSE:AUY) quarterly performance is -26.89%.
Barrick Gold Corporation (NYSE:ABX) and Newmont Mining’s (NYSE:NEM) recent attempt to merge collapsed acrimoniously. Though the proposed merger between the world’s top two gold producers fell apart, it may not be dead and buried. There are plenty of reasons why mergers between gold mining companies in general, and Barrick and Newmont in particular, make sense. Newmont Mining Corp (NYSE:NEM) shares moved up 0.17% in last trading session and was closed at $23.40, while trading in range of $23.34 – $23.62. Newmont Mining Corp (NYSE:NEM) year to date (YTD) performance is 2.23%.
Agnico Eagle Mines (NYSE:AEM) had its market perform rating reaffirmed by analysts at Cowen and Company. The firm currently has a $23.80 target price on the stock, up from their previous target price of $23.63. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) ended the last trading day at $32.09. Company weekly volatility is calculated as 2.02% and price to cash ratio as 19.31.Agnico Eagle Mines Ltd (USA) (NYSE:AEM) showed a negative weekly performance of -0.93%.
Gold producer Rio Alto Mining is acquiring developer Sulliden Gold (OTCMKTS:SDDDF) in a friendly $300 million all-share deal to create a new mid-tier gold firm with low-cost operations in Peru. On last trading day Sulliden Gold (OTCMKTS:SDDDF) shares ended up $0.988.