Wall Street Fundamentals Releases New In-Depth Stock Reports on AUY, HMY, RBY and NGD

Accesswire

Gold futures slid to a 2 week low Tuesday on speculation that central banks may begin curbing stimulus measures. On Tuesday, the Bank of Japan left their asset-buying and other policy elements unchanged, signaling an improving economy. On Monday, the Standard & Poor's upgraded its outlook on the U.S.’s AA+ credit rating to “stable” from “negative”, tarnishing gold’s appeal as a safe haven. Data from Bloomberg showed that Gold’s 60-day historical volatility was at 28.8 percent Monday, the highest level seen since December 2011. Here is how some gold stocks reacted Tuesday:

Yamana Gold Inc. (NYSE:AUY - News)(TSX:YRI.TO - News) shares traded in the range of $10.88 to $11.25 Tuesday before settling to close at $10.89, a decrease of 5.30 percent. The stock appears to be facing stiff resistance at $11.38. The company reported production of 291,312 gold equivalent ounces for the first quarter of 2013, an increase of 4 percent when compared to the year ago quarter. Shares of Yamana Gold have fallen approximately 36.7 percent in 2013.

More information on Yamana Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AUY

Harmony Gold Mining Co. (NYSE:HMY - News) shares traded in the range of $3.90 to $4.01 before settling to close at $3.92, a decrease of 2.73 percent. The stock appears to be facing stiff resistance at $4.41 with some support at $3.69. The company reported an operating profit of R821 million (US$92 million) for the March 2013 quarter. Shares of Harmony Gold Mining have fallen approximately 56.25 percent in 2013.

More information on Harmony Gold Mining and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HMY

Rubicon Minerals Corp. (NYSEMKT:RBY - News)(TSX:RMX.TO - News) shares traded in the range of $1.71 to $1.82 Tuesday before settling to close at $1.76, a decrease of 3.83 percent. The stock appears to be facing resistance at the $1.76 and $1.91 levels. The company will hold its Annual General Meeting of Shareholders on Wednesday, June 26, 2013 at 4:30 pm Eastern Time. Shares of Rubicon Minerals have fallen approximately 31 percent in 2013.

More information on Rubicon Minerals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RBY

New Gold Inc. (NYSEMKT:NGD - News)(TSX:NGD.TO - News) shares traded in the range of $6.62 to $6.84 Tuesday before settling to close at $6.65, a decrease of 3.06 percent. The stock appears to be facing resistance at $7.17 with some support at $6.33. The company announced it has agreed to acquire Rainy River Resources for a premium of 42% per share to the closing price on May 30, 2013. Shares of New Gold have fallen approximately 39.7 percent in 2013.

More information on New Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NGD

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

View Comments (0)