Gold Miners In News: Goldcorp Inc. (USA) (NYSE:GG), Newmont Mining Corp (NYSE:NEM), New Gold (NYSEMKT:NGD), Barrick Gold (NYSE:ABX)



Analysts at Credit Suisse upgraded shares of Goldcorp Inc. (USA) (NYSE:GG) from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 13th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Goldcorp Inc. (USA) (NYSE:GG) in a research note on Thursday, March 6th. Goldcorp Inc. (USA) (NYSE:GG) stock performance was -0.04% in last session and finished the day at $26.66. Traded volume was 9.85million shares in the last session and the average volume of the stock remained 7.52million shares. The beta of the stock remained 0.53.

Newmont Mining Corporation (NYSE:NEM)’s Minera Yanacocha unit in Peru may develop its suspended Cerro Quilish project at a later date, one of the partners in the mine said. Newmont Mining Corp (NYSE:NEM) dropped -0.12 percent to $24.55 Friday on volume of 40.00million shares. The intra-day range of the stock was $24.36 to $24.90. Newmont Mining Corp (NYSE:NEM) has a market capitalization of $12.35billion.

Shares of New Gold Inc (NYSE:NGD) saw some unusual options trading on Monday. Traders bought 2,247 put options on the stock, ARN reports. This represents an increase of approximately 579% compared to the typical volume of 331 put options. New Gold Inc (NYSE:NGD) has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of New Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. New Gold Inc. (USA) (NYSEMKT:NGD)’s stock on Mar 21, 2014 reported a increase of 0.55% to the closing price of $5.52. Its fifty two weeks range is $4.68 -$9.64. The total market capitalization recorded $2.78billion. The overall volume in the last trading session was 8.34million shares. In its share capital, NGD has 503.30million outstanding shares.

Goldcorp Inc and Barrick Gold Corporation (USA) (NYSE:ABX) two of the world’s largest producers of the precious metal, ended slightly lower after strong starts even as bullion gained. “Gold is trying to mount a rally, it was a muted rally,” Maison’s Ing said. On Friday, shares of Barrick Gold Corporation (USA) (NYSE:ABX) dropped -0.10% to close the day at $19.40. Company return on investment (ROI) is -35.50% and its monthly performance is recorded as -7.31%. Barrick Gold Corporation (USA) (NYSE:ABX) quarterly revenue growth is 15.00%.

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