Gold stocks continued to rise along gold prices Tuesday as Federal Reserve Chairwoman Janet Yellen's testimony signaled continuity in monetary policy. The Market Vectors Gold Miners ETF (NYSEARCA: GDX) and the Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) posted gains of 3.85 percent and 4.68 percent, respectively. Gold for April delivery settled at $1,289.80 a troy ounce, which was the highest since November 7th.
Banro Corporation (NYSEMKT: BAA) shares traded in the range of $0.57 to $0.69 Tuesday before settling to close at $0.645, an increase of 13.14 percent. The stock appears to be facing some resistance at the $0.65 and $0.68 levels with some support at $0.63 and $0.61. Shares of Banro have gained approximately 16.0 percent year-to-date.
More information on Banro and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BAA
Brigus Gold Corp. (NYSEMKT: BRD)(TSX: BRD) shares traded in the range of $1.06 to $1.16 Tuesday before settling to close at $1.16, an increase of 8.41 percent. The stock appears to have some support at the $1.06, $1.00 and $0.97 levels. Shares of Brigus Gold have gained approximately 48.0 percent year-to-date.
More information on Brigus Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BRD
Harmony Gold Mining Co. (NYSE: HMY) shares traded in the range of $2.92 to $3.10 Tuesday before settling to close at $3.09, an increase of 9.19 percent. The stock appears to be facing some resistance at the $3.38 and $3.61 levels with some support at $3.07 and $2.80. Shares of Harmony Gold Mining have gained approximately 22.0 percent year-to-date.
More information on Harmony Gold Mining and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HMY
Sibanye Gold Ltd. (NYSE: SBGL) shares traded in the range of $6.05 to $6.68 Tuesday before settling to close at $6.65, an increase of 10.83 percent. The stock appears to have some support at the $6.12, $5.91 and $5.66 levels. Shares of Sibanye Gold have gained approximately 38.0 percent year-to-date.
More information on Sibanye Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SBGL
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