StockCall.com Provides Stock Research on IAMGOLD Corp., Gold Fields Ltd., NovaGold Resources Inc., and Jaguar Mining Inc.
New York City, New York -- (June 06, 2013)
The U.S. Federal Reserve’s ultra-loose monetary policy measures, which have been implemented post the financial crisis, have been one of the biggest drivers of gold prices. Last September, gold prices surged shortly after the Feds announced its third round of quantitative easing. It is not surprising then that prices have come under pressure since the start of this year as speculation has been focused on the Federal Reserve potentially ending its bond buying program later this year. A sharp decline in gold prices has also put pressure on gold mining stocks. On Wednesday, June 5, 2013, however, shares in gold mining companies ended mostly higher even as the broader market struggled. Major movers in the sector included IAMGOLD Corp. (USA) (NYSE: IAG), Gold Fields Limited (ADR) (NYSE: GFI), NovaGold Resources Inc. (USA) (AMEX: NG), and Jaguar Mining Inc. (USA) (NYSE: JAG). StockCall has posted free technical research reports on IAG, GFI, NG, and JAG and these can be accessed by signing up at
Shares in IAMGOLD Corp. rose sharply to $5.50, up 2.42% for the day. The company saw volume of 30 million shares traded on Wednesday which is well below the daily average volume of 6.96 million. Shares of IAG have now gained nearly 4.20% so far this week. However, despite the recent gains, the stock is still down more than 52% for this year. Shares of the gold mining company are currently trading 67.06% below their 52-week high. Download the free report on IAG upon registration at
Gold Fields Limited’s stock also moved higher yesterday, extending its gains for the week. The company’s shares ended the day 0.32% higher at $6.18 after trading between $6.08 and $6.26 on volume of 4.20 million shares traded. It is worth noting that its daily average volume is currently 5.20 million. GFI’s shares have gained over 1.80% so far this week, and from the start of the year the stock has fallen nearly 42% as gold prices have come under pressure. GFI is currently trading well below its 50- and 200-day moving averages. GFI technical report can be accessed for free by signing up at
Shares in NovaGold Resources Inc. climbed 1.94% higher to $2.63 at the closing bell on Wednesday even as the broader market was on a downtrend. The company’s shares hit an intra-day high of $2.66 and saw a total of 1.97 million shares traded which is below the daily average volume of 2.95 million. NG’s shares have grown nearly 4.40% so far this week. However, despite the recent gains, the stock is down nearly 41.70% since the beginning of this year, thus underperforming the S&P 500. The free report on NG can be downloaded by signing up now at
Jaguar Mining Inc.’s stock was one of the best performers in the gold mining sector yesterday, June 05, 2013. The company’s shares hit an intraday high of $0.43 before finishing the day 2.40% higher at $0.410. The company saw 336,764 shares traded during the session which is well below the daily average volume of 593,480. Shares of the gold mining company are currently trading below their 50- and 200-day moving averages. The stock is currently 75.74% below its 52-week high, and so far this year, it has fallen nearly 35%. Free report on JAG can be accessed by registering at
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William T. Knight
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