Pre-Market Analysis: Newmont Mining Corp., Golden Star Resources Ltd, Hecla
Mining Co., and First Majestic Silver Corp.
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LONDON, November 19, 2013
LONDON, November 19, 2013 /PRNewswire/ --
On Monday, November 18, 2013, the U.S. equity market ended on a mixed note.
The Dow Jones Industrial Average gained 0.09%, while the S&P 500 and the
NASDAQ Composite fell by 0.37% and 0.93%, respectively. Shares in the basic
materials-precious metals sector ended on lower note, even as the broader
market traded between gains and losses. The major movers in the sector
included Newmont Mining Corporation (NYSE: NEM), Golden Star Resources Ltd
(NYSE MKT: GSS), Hecla Mining Company (NYSE: HL), and First Majestic Silver
Corporation (NYSE: AG). All these companies are tracked by
AAAResearchReports.com. Free technical research on NEM, GSS, HL, and AG can be
downloaded upon signing up at:
On Monday, shares in Newmont Mining Corp. declined to end the day at $27.04,
down 2.70% from the previous day's closing price of $27.79. The company's
shares vacillated between $26.94 and $27.81 during the trading session. A
total of 6.43 million shares were traded, which is below the daily average
volume of 8.80 million. Despite Monday's pullback, the company's shares have
advanced 0.45% in the last one month, compared to a gain of 2.70% in the S&P
500 during the same period. Additionally, Newmont Mining Corp.'s stock is
trading below its 50-day and 200-day moving averages of $27.65 and $32.73,
respectively. Sign up and read the complimentary report on NEM at:
Golden Star Resources Ltd's shares fluctuated between $0.52 and $0.54 before
ending Monday's session 0.95% lower at $0.52. A total of 1.02 million shares
were traded, which is below the daily average volume of 3.17 million. Despite
Monday's losses, the company's shares have gained 1.96% in the previous three
trading sessions and 17.65% in the last one month, outperforming the S&P 500,
which has gained 0.53% and 2.70% during the respective periods. Furthermore,
Golden Star Resources Ltd's stock is trading above its 50-day moving average
of $0.48. The free report on GSS can be downloaded by signing up now at:
On Monday, Hecla Mining Co.'s stock plummeted to end the day at $3.01, which
is 3.53% lower than the previous day's closing price of $3.12. The company's
shares fluctuated between $3.00 and $3.13 during the trading session. A total
of 5.25 million shares were traded, which is below the daily average volume of
5.72 million. The company's shares have fallen by 1.63% in the previous three
trading sessions, underperforming the S&P 500, which has gained 0.53% during
the same period. Moreover, Hecla Mining Co.'s stock is trading below its
50-day and 200-day moving averages of $3.19 and $3.55, respectively. A free
report on HL can be accessed by registering at:
Shares in First Majestic Silver Corp. plummeted on Monday, even as the broader
market ended on a mixed note. The company's shares traded between $10.01 and
$10.50 before ending the day 5.02% lower at $10.03. A total of 1.38 million
shares were traded, which is above the daily average volume of 1.31 million.
The company's shares have fallen by 4.66% in the previous three trading
sessions, underperforming the S&P 500, which has gained 0.53% during the same
period. Furthermore, First Majestic Silver Corp.'s stock is trading below its
50-day and 200-day moving averages of $11.74 and $13.02, respectively.
Register with AAA Research Reports and download research on AG for free at:
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