Back to Newsroom
Back to Newsroom

What’s Going On: Barrick Gold Corporation, Synovus Financial Corp, Coach Inc

Tuesday, 23 April 2013 12:50 PM

Topic:

NEW YORK, April 23, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Barrick Gold Corporation, Synovus Financial Corp, Coach Inc.

Three gold mines in Western Australia have been put up for sale by Barrick Gold Corporation (USA)(NYSE:ABX), which is struggling with huge debts and the decline in gold prices.  A report by Reuters said that the company has appointed Bank of America Merrill Lynch, UBS to advise it on the sale of the group of mines - Darlot, Granny Smith and Lawlers - which together recorded an output of 452,000 ounces of gold last year.

Is ABX a Buying Opportunity After The Recent Slump? Find Out Here http://www.bestdamnpennystocks.com/google/s/2/?code=ABX (OR Just copy and paste the link)

Total cash costs at the mines were $768 an ounce last year, according to Barrick's website. Chinese firms Zijin Mining and Shandong Gold are seen as potential bidders, as China looks to scoop up gold mines and gold companies offshore, the report added.

Synovus Financial Corp.(NYSE:SNV) reported net income of $14.8 million in the first quarter down from $21.4 million a year ago, whereas quarterly earnings per share remained unchanged at $0.02.Analysts had expected earnings per share of $0.02 for the quarter.

Has SNV Reached The real Bottom and Ready To Hit New 52-week High? Ger Free Trend Analysis Here http://www.bestdamnpennystocks.com/google/s/2/?code=SNV (OR Just copy and paste the link)

According to the company, the recent quarter's results included restructuring charges of $4.9 million and income tax
expense of $17.0 million. On the other hand, quarterly net interest income after provision for loan losses climbed to $164.12 million, from $154.91 million last year.

Luxury handbag maker Coach, Inc.(NYSE:COH) said it earned $238.9 million or 84 cents per share in the first quarter. That compared with $225 million, or 77 cents per share, a year ago.  Revenue rose 7 percent to $1.19 billion.   

What Should Be The Fair Value Of COH After The Solid Earnings? Get Free Report Here http://www.bestdamnpennystocks.com/google/s/2/?code=COH (OR Just copy and paste the link)

Analysts expected a profit of 80 cents per share on sales of $1.18 billion. In North America, revenue at stores open at least a year rose 1 percent. Total sales for the region rose 7 percent to $792 million.

International sales rose 6 percent to $382 million, or 14 percent when stripping out the impact of foreign currency
exchange rates.

Shares of COH soared $5.70 or 11.27% at $56.29.

About bestdarnpennystocks.com
bestdarnpennystocks.com’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.

Disclaimer
The assembled information disseminated by bestdarnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. bestdarnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in bestdarnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contacts:
bestdarnpennystocks.com
1419 Westwood Blvd Los Angeles, CA
90024-4911
[email protected]
 

Topic:
Back to newsroom
Back to Newsroom
Share by: