$NG

Posted : Jul 25, 2013

Why Gold Stocks Are Rebounding?: Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), Harmony Gold (NYSE:HMY), Gold Fields (NYSE:GFI), Golden Star (NYSE:GSS)

Gold stocks were mostly trading higher, at recent check, as bullion prices turned modestly higher at the start of U.S. trading Thursday, after trading near steady levels overnight. The bullish outside market factor for the precious metals was a slightly lower U.S. dollar index.

Miners declined sharply on Wednesday after the precious metal retreated from the previous session’s one-month high, as gains in the dollar versus a basket of currencies provoked some investors to cash in gains. The greenback was boosted by stronger economic data which lifted concerns about the end of U.S. monetary stimulus measures.

Goldcorp Inc. (USA) (NYSE:GG) trended -4.86% lower to end last trading session at $28.36 after ranging between $27.80 and $29.60. Its shares declined -21.83% so far in 2013.

Royal Gold, Inc USA) (NASDAQ:RGLD) ranged in price between $47.64 -$51.07 and loss -4.74% to close at $48.43. Its shares declined -39.88% so far in 2013.

AngloGold Ashanti Limited (ADR) (NYSE:AU) ranged in price from $13.47 to $14.59 in the last session and closed -4.72% lower to $13.74.Its shares loss -55.96% so far in 2013.

Harmony Gold Mining Co. (ADR) (NYSE:HMY) stock sold in a range of $3.69 to $4.09 before ending -4.51% lower to settle at $3.81. So far, the share price of this stock dropped -57.09% in this year.

Gold Fields Limited (ADR) (NYSE:GFI) stock sold in a range of $5.66 to $6.16 before ending -3.65% lower to settle at $5.80. So far, the share price of this stock slipped -45.49% in this year.

Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) trended -3.46% lower to end last trading session at $71.73 after ranging between $70.56 and $73.84. Its shares fell -27.24% so far in 2013.

Compania de Minas Buenaventura SA (ADR) (NYSE:BVN) ranged in price between $14.42- $15.64 and declined -3.09% to close at $14.73. Its shares dropped -58.52% so far in 2013.

New Gold Inc. (USA) (NYSEMKT:NGD) ranged in price from $7.16 to $7.54 and declined to -2.27% traded to closed $7.32.Its shares declined -33.64% so far in 2013.

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) stock sold in a range of $0.49 to $0.57 before ending -3.19% lower to settle at $0.498. So far, the share price of this stock slipped -72.83% in this year.

NovaGold Resources Inc. (USA) (NYSEMKT:NG) stock sold in a range of $2.68 to $2.88 before ending +2.13% higher to settle at $2.88. So far, the share price of this stock dropped -36.14% in this year.

Banro Corporation (USA) (NYSEMKT:BAA) stock sold in a range of $0.98 to $1.19 before ending +6.12% higher to settle at $1.04. So far, the share price of this stock decline -62.86% in this year.