Gold stocks Articles

Dow Sinks on Global Economic Concerns, Housing Data

Jan 22, 2019 12:11 PM / Lillian Currens

Existing home sales fell to a three-year low last monthThe Dow Jones Industrial Average (DJI) is more than 185 points lower on concerns surrounding the global economy. Specifically, China reported its slowest economic growth in 28 years, and the International Monetary Fund (IMF) cut its growth forecast for this year and next. Adding to that, traders are digesting disappointing data from the Nation...Read More

Analyst: This Healthcare Stock Could Sink 43%

Jan 22, 2019 12:00 PM / Andrea Kramer

Option traders are betting on more downside for the sinking sharesThe shares of CRISPR Therapeutics AG (NASDAQ:CRSP) are getting hammered today, after the company entered an agreement with Germany's ProBioGen to research and develop gene-editing technology. Meanwhile, Citigroup poured salt in the proverbial CRSP wounds, downgrading the stock to "sell" from "neutral," and cutting its price target b...Read More

Pre-Earnings Bears Bombard Ford Stock

Jan 22, 2019 11:45 AM / Patrick Martin

Ford Motor will report earnings after the close tomorrowEarnings season is hitting high gear, and one of the first auto names due up is Ford Motor Company (NYSE:F), scheduled to report fourth-quarter earnings after the close tomorrow, Jan. 23. F stock has been more volatile than usual lately, per its 30-day historical volatility of 45.7% -- in the 95th annual percentile -- and the options market i...Read More

BME's Africa offerings and focus on show at Indaba

Jan. 22, 2019, 11:43 AM / BME

South Africa-based explosives leader BME will be showcasing its African presence, expertise and technology at the 2019 Investing in African Mining Indaba from February 4th to 7th in Cape Town; it will also highlight its strengthened presence in West Africa, which is poised to become one of the top five gold-producing regions in the world."The mood is even more buoyant than it has been in previous...Read More

Roxgold anticipates strong 2019

Jan. 22, 2019, 11:41 AM / Northern Miner Staff

Roxgold (TSX: ROXG; US-OTC: ROGFF) expects its Yaramoko mine in Burkina Faso will produce between 145,000 and 155,000 ounces this year at cash costs of $440-$470 per oz. and all-in sustaining costs of $765-795 per oz.The company expects to have a strong year with the addition of Yaramoko's second high-grade underground mine, Bagassi South, which is expected to reach commercial production in the se...Read More

Gold Outlook: Reversal pattern is forming on daily chart but 20SMA limits recovery

Jan 22, 2019 11:41 / Staff reporter

GOLD Spot gold regained traction and bounced from Asian low at $1277, as renewed risk-off mode on IMF downgrade of global growth forecast increased safe-haven demand. Fresh gains struggle to return above rising 20SMA ($1284), close above which is needed to complete Doji reversal pattern on daily chart and shift near-term focus towards $1287 (10SMA) and $1292 (Friday's high). Flat momentum and...Read More

New Jersey Mining extends gold mineralization at Paymaster

Jan. 22, 2019, 11:31 AM / Northern Miner Staff

New Jersey Mining (CNSX: NJMC; US-OTC: NJMC) has intersected gold mineralization at its Paymaster Shoot in Idaho's Coeur D'Alene district grading as high as 70.3 grams gold over 0.35 metres. The company drilled both holes to extend gold mineralization down dip from exploratory holes it drilled at Paymaster in 2012.Paymaster is the next mineralized zone south of the Skookum Shoot, part of the compa...Read More

Gold clings to goodish recovery gains, nears $1285 level

Jan 22, 2019 11:28 / Haresh Menghani

   •  Pessimism over global growth hits risk sentiment and underpin demand for safe-haven assets.   •  Sliding US bond yields offset a modest USD uptick and remained supportive of the up-move. Gold staged a goodish rebound from closer to over two-week lows, set in the previous session, and for now seems to have snapped three consecutive days of losing streak...Read More

Put Options are Cheap on Downgraded Gap Stock

Jan 22, 2019 11:25 AM / Karee Venema

Bearish betting has been picking up speed on the retail stockAnalysts at Goldman Sachs are adjusting ratings on retail stocks today. For Gap Inc (NYSE:GPS), this meant a downgrade to "sell" from "neutral" and price-target cut to $23 from $27, with the brokerage firm citing concerns over slowing brand momentum. At last check, GPS stock is down 2.6% at $25.26, retreating from a trendline with histor...Read More

Can Gold Retain Its Safe-Haven Status?

Jan. 22, 2019 11:02 AM / Clif Droke

As financial market volatility subsides, many think gold will suffer.Even as confidence returns, however, gold can still remain buoyant.Concerns over the global outlook will keep gold's fear factor intact.A question being asked by participants as global markets rebound is whether the gold price can maintain its upward trend? That gold benefited from the extreme financial market volatility late...Read More

Pharma Stock Down Despite 'Clinically Meaningful' FDA Nod

Jan 22, 2019 10:44 AM / Lillian Currens

The FDA weighed in on the company's SMA treatmentThe shares of Cytokinetics, Inc. (NASDAQ:CYTK) are down 1.3% at $6.76 in earlytrading, reversing pre-market gains, despite theFood and Drug Administration's (FDA) sign-off on the "Six Minute Walk Test" (6MWT) as the primary endpoint for a reldesemtiv registration program among patients with spinal muscular atrophy (SMA) who have maintained ambulator...Read More

S.Africa's AMCU issues further strike threat to Sibanye

Jan. 22, 2019, 10:19 AM / Reuters

* Thousands march to protest wages at gold operations* Union hands over lists of demands* Threatens "full on strike" at firm's platinum site* Sibanye says management considering demandsJOHANNESBURG - A South African union representing just under half of all workers at Sibanye-Stillwater's platinum mine will extend a one-day strike if the company does not return to the negotiating table, its presid...Read More

Nike, Under Armour Stocks Get Upgrades

Jan 22, 2019 10:19 AM / Josh Selway

Both stocks just grabbed their highest closes in weeksNike Inc (NYSE:NKE) shares notched their highest close since October on Friday, and they're on the rise again today. Cowen and Company upgraded its opinion on the blue chip to "outperform" from "market perform" and boosted its price target to $90 from $80. In the note, analysts said they expect gross margins to improve for the company, helped i...Read More

Tanzania to cancel licenses for undeveloped mineral sites

Jan. 22, 2019, 10:09 AM / Bloomberg News

Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since...Read More

There's a golden shelter from recession risks at these mines

Jan. 22, 2019, 10:00 AM / Bloomberg News

There's a better potential haven than gold for investors spooked by the risk of a recession this year - mid-sized producers who've outperformed both bullion and the rest of the mining industry.Companies including Canada's Kirkland Lake Gold Ltd. and Australia's Northern Star Resources Ltd. have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe F...Read More

eBay Stock Soars at Start of Historically Strong Week

Jan 22, 2019 9:59 AM / Karee Venema

Elliott Management is pushing for changes at the online retailerThe shares of eBay Inc (NASDAQ:EBAY) are up 12.1% to trade at $34.50, after the Wall Street Journal reported Elliott Management and Starboard Management hold stakes in the online retailer. Additionally, the former unveiled a letter sent to EBAY's board of directors outlining a five-point plan -- which includes dropping StubHub -- that...Read More

Gold Fields dismisses AngloGold merger report

Jan. 22, 2019, 9:32 AM / Frik Els

South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More

Gold Fields dismisses AngloGold merger report

Jan. 22, 2019, 9:32 AM / Frik Els

South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More

This Tech Stock Is Making Some Serious Moves...

Jan 22, 2019 9:29 AM / Recall Studios Sponsored

This company's innovative products have industry heavyweights paying close attention as they work towards becoming a leader in the VR and AR multi-billion dollar markets.With the enormous potential for VR and AR, both technologies have created interest and excitement through multiple industries and corporate sectors.Building on its past work for some of the most noteworthy companies in the world,...Read More

Dow Futures Fall Ahead of Busy News, Earnings Day

Jan 22, 2019 9:13 AM / Josh Selway

Earnings from JNJ and TRV are out this morningComing off a fourth straight weekly win, U.S. stocks are indicating a lower open this morning. Dow Jones Industrial Average (DJI) futures are trading more than 100 points below fair value, as traders consider earnings from blue chips Johnson & Johnson (JNJ) and Travelers Companies (TRV), with IBM (IBM) set to report after the bell. Despite the heavy ea...Read More