Gold’s Price Rise Attributed To AngloGold Ashanti Limited (ADR) (NYSE:AU)’s Rating Upgrade


On Wednesday investors were sent research reports which showed that Kinross Gold Corporation (USA) (NYSE:KGC)’s rating was reduced to “neutral” by JP Morgan Chase &CO researchers. Yesterday Kinross Gold Corporation (USA) (NYSE:KGC) ended at a value of $4.59 according to a report published by Institutional ownership of the stock is 75.10%. Kinross Gold Corporation (USA) (NYSE:KGC) has 1.14 billion outstanding shares of which 1.14 billion have hit the market.

On Thursday a report came out in which Zacks confirmed their neutral rating given to the shares of Barrick Gold Corporation (USA) (NYSE:ABX). Zacks at the moment has a price objective of $18.00 on the stock as reported by American Banking & Market News. Barrack Gold Corporation (USA) (NYSE:ABX) stock traded at starting price of $18.19, and elevated up to $18.30 through the trading concourse, and by the end of day-trade the stock declined to -0.44% to close at a value of $18.27. The weekly performance of Barrack Gold Corporation (USA) (NYSE:ABX) stock is 6.78%.

On Friday a note was sent to the investors in which the investment analysts at National Bank Financial investment analysts brought down the price interest of New Gold Inc. (USA) (NYSEMKT:NGD) shares to C$8.00 from C$8.50. According to a report by AR Network the company’s latest ranking on the stock is “outperform”. The stock of New Gold Inc. (USA) (NYSEMKT: NGD) reached the maximum price of $5.40, with the starting price of $5.25. The elevation is of1.89% to the close at $5.40, with day range being between $5.17 and $5.40. The overall market cap of New Gold Inc. (USA) (NYSEMKT: NGD) is marked at a value of $2.72 billion; the overall volume of shares in the concourse was 2.68 million, lower than the average volume of shares which is 3.54 million.

The stock recommendation of AngloGold Asharti Limited (ADR) (NYSE:AU) is Hold which is average, with $55.77 target price. As per Jan 7, 2014’s report there was a stock decline of -1.33% on AngloGold Asharti Limited (ADR) (NYSE:AU) to the closing amount of $11.80; the stock’s range over 52 weeks was between $11.14 and $30.23. The overall market cap was $4.78 billion. The total average volume of shares was 2.80 million in the last trading concourse. It has 401.99 million outstanding shares amongst its share capital.

Goldcorp Inc. (USA) (NYSE:GG) pleasantly announced its first monthly dividend payment of 0.05 per share, of the year 2014. On Thursday when the businesses close, January 16, 2014 the shareholders will be entitled to receive the payment on Friday, January 24, 2014. In the last trading day the stock of Goldcorp Inc. (USA) (NYSE:GG) held volume of 7.93 million shares, the average shares being 7.99 million. Its shares started at a value of $22.19 and elevated up to $22.44 and closed at a value of $22.43.