Gold Stocks on Investors' Radar -- Primero Mining, Vista Gold, Richmont Mines, and Royal Gold
NEW YORK, November 16, 2016 /PRNewswire/ --
Stock-Callers.com puts its focus on the following Gold equities: Primero Mining Corp. (NYSE: PPP), Vista Gold Corp. (NYSE MKT: VGZ), Richmont Mines Inc. (NYSE MKT: RIC), and Royal Gold Inc. (NASDAQ: RGLD). In morning trade on Tuesday, November 15, 2016, the yellow metal traded at around $1,224 in London, relatively unchanged from its opening price on Monday. According to SMC Investments and Advisors, the bullion counter can continue to see a lot of volatility due to uncertainty over a Fed interest rate hike. Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration
Primero Mining
At the close on Tuesday, shares in Canada-based Primero Mining Corp. rose 2.93%, ending the day at $0.81. The stock recorded a trading volume of 3.11 million shares, which was above its three months average volume of 1.44 million shares. Shares of the Company, which engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico, are trading below their 50-day moving average by 45.88%. Moreover, Primero Mining's stock has a Relative Strength Index (RSI) of 19.73.
On November 9th, 216, the Company realized a net loss of $11.7 million ($0.06 per share) and adjusted net loss of $8.1 million ($0.04 per share) in Q3 2016. The Company generated Q3 2016 operating cash flow before working capital changes of $5.5 million ($0.03 per share). Total production of 44,684 gold equivalent ounces, comprised of 22,162 ounces of gold and 1.37 million ounces of silver from San Dimas, and 16,230 ounces of gold from Black Fox, 10% lower than the 49,499 gold equivalent ounces produced in Q2 2016. PPP complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=PPP
Vista Gold
Shares in Colorado-based Vista Gold Corp. ended the day 3.33% higher at $0.93 and with a total trading volume of 558,829 shares. In the last month and since the start of this year, the stock has gained 3.33% and 232.14%, respectively. The Company's shares are trading above their 200-day moving average by 1.50%. Furthermore, shares of Vista Gold, which focuses on the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects principally in Australia and North America, have an RSI of 46.40.
On October 26th, 2016, Vista Gold reported a net loss of $2.1 million, or $0.02 per share, for Q3 2016; this includes operating expenses of $1.9 million and an unrealized $0.2 million mark-to-market loss on its investment in Midas Gold Corp. During Q3 2015, the company reported net income of $0.5 million or $0.01 per share. Vista Gold's working capital at September 30th, 2016, totaled approximately $30.1 million, including cash and short-term investments of approximately $24.8 million. The Company has no debt. The complimentary report on VGZ can be downloaded at: http://stock-callers.com/registration/?symbol=VGZ
Richmont Mines
On Tuesday, shares in Canada headquartered Richmont Mines Inc. finished 2.27% higher at $6.75 with a total trading volume of 452,822 shares. The stock has surged 110.28% on an YTD basis. Shares of the Company, which engages in the mining, exploration, and development of mining properties in Canada, are trading below their 200-day moving average by 16.03%. Additionally, Richmont Mines' stock has an RSI of 31.45.
On November 10th, 2016, Richmont Mines reported that company-wide production was 18,856 ounces of gold for Q3 2016, a 20% decrease over Q3 2015. Revenues for Q3 2016 were $31.2 million (US$23.9 million), an 8% decrease over Q3 2015. Earnings for Q3 2016 came in at $0.2 million (US$0.2 million), a $3.1 million (US$2.4 million) decrease over Q3 2015. Operating cash flow for Q3 2016 was $5.8 million (US$4.5 million), or $0.09 per share (US$0.07 per share). Sign up for your complimentary research report on RIC at: http://stock-callers.com/registration/?symbol=RIC
Royal Gold
Colorado-based Royal Gold Inc.'s shares recorded a trading volume of 1.04 million shares at the end of yesterday's session, which was higher than their three months average volume of 734,940 shares. The stock closed the day at $69.26, jumping 4.34%. The Company's shares have advanced 3.53% in the last one month and 93.17% on an YTD basis. The stock is trading above its 200-day moving average by 7.37%. Additionally, shares of Royal Gold, which together with its subsidiaries, acquires and manages precious metals royalties, metal streams, and similar interests, have an RSI of 47.03.
On November 11th, 2016, research firm Goldman resumed its 'Neutral' rating on the Company's stock.
On November 15th, 2016, Royal Gold announced that its Board of Directors increased the Company's annual dividend for its shares of common stock from $0.92 to $0.96 per share payable on a quarterly basis of $0.24 per share. The dividend is payable on January 20th, 2017, to shareholders of record at the close of business on January 6th, 2017. Get free access to your research report on RGLD at: http://stock-callers.com/registration/?symbol=RGLD
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