23.11.2016 13:05:00

Technical Reports on Basic Materials Equities -- Agnico Eagle Mines, Timmins Gold, Sibanye Gold, and Ferroglobe

NEW YORK, November 23, 2016 /PRNewswire/ --

A bounce in the Basic Materials sector brought its year-to-date performance above the market, prompting Charles Schwab to reiterate its "Market Perform" rating on the sector on November 10th, 2016. According to the research firm, positive factors for the sector include increased demand for raw materials in developing countries, a more accommodative monetary policy in the developed world, and easing fiscal restraint measures. Pre-market, Stock-Callers.com turns investors' attention to four equities to see where they stand in the market today: Agnico Eagle Mines Ltd (NYSE: AEM), Timmins Gold Corp. (NYSE MKT: TGD), Sibanye Gold Ltd (NYSE: SBGL), and Ferroglobe PLC (NASDAQ: GSM). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

http://stock-callers.com/registration

Agnico Eagle Mines  

Toronto, Canada headquartered Agnico Eagle Mines Ltd's stock finished Tuesday's session at $42.74, which was a decline of 1.04%. A total volume of 1.41 million shares was traded. Since the start of this year, the Company's shares have surged 63.60%. The stock is trading below its 200-day moving average by 9.04%. Moreover, shares of Agnico Eagle Mines, which engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico, have a Relative Strength Index (RSI) of 34.74.

On October 25th, 2016, research firm Raymond James upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.

On October 26th, 2016, the company reported Q3 2016 net income of $49.4 million, or net income of $0.22 per share. In Q3 2015, the Company reported net income of $1.3 million, or $0.01 per share. For Q3 2016, cash provided by operating activities was $282.9 million compared to cash provided by operating activities of $143.7 million in Q3 2015. Visit us today and access our complete research report on AEM at:

http://stock-callers.com/registration/?symbol=AEM


Timmins Gold  

Shares in Vancouver, Canada headquartered Timmins Gold Corp. ended yesterday's session 4.20% higher at $0.37 with a total trading volume of 626,537 shares. The stock has soared 168.12% on an YTD basis. Shares of the Company, which through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico, are trading 3.46% below their 200-day moving average. Moreover, Timmins Gold's stock has an RSI of 36.84.

On November 02nd, 2016, Timmins Gold reported that Metal revenues were $31.2 million for Q3 2016 compared to $26.6 million during Q3 2015. The primary factor for the increase was a jump in the average realized gold price of $1,338 per ounce compared to $1,137 per ounce during Q3 2015.  Earnings from operations were $29.9 million in Q3 2016 compared to a loss of $230.2 million during Q3 2015. Earnings and total comprehensive income were $29.7 million, or $0.09 per share, in Q3 2016 compared to loss and total comprehensive loss of $180.7 million, or $0.63 per share, during Q3 2015. The complimentary report on TGD can be downloaded at:


http://stock-callers.com/registration/?symbol=TGD


Sibanye Gold  

On Tuesday, Westonaria, South Africa-based Sibanye Gold Ltd's stock dropped 3.27%, to close the day at $9.18. A total volume of 2.07 million shares was traded, which was above their three months average volume of 1.41 million shares. The Company's shares have advanced 56.02% on an YTD basis. The stock is trading 23.65% below its 50-day moving average. Additionally, shares of Sibanye Gold, which owns and operates underground and surface gold operations in South Africa, have an RSI of 31.45. Register for free on Stock-Callers.com and access the latest research report on SBGL at:

http://stock-callers.com/registration/?symbol=SBGL


Ferroglobe  

Shares in London, the UK headquartered Ferroglobe PLC ended the day 2.81% higher at $11.70 with a total trading volume of 400,545 shares. The stock has gained 29.28% in the last one month, 18.29% in the previous three months, and 12.11% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 26.04% and 31.26%, respectively. Furthermore, shares of Ferroglobe, which operates in the silicon and specialty metals industry in the US, Europe, and internationally, have an RSI of 73.24.

On November 13th, 2016, Ferroglobe posted a net loss of $(28.5) million, or $(0.17) per share on a fully diluted basis for Q3 2016. Ferroglobe reported an EBITDA loss of $(3.2) million for Q3 2016 due to an inventory impairment charge of $4.3 million in Venezuela and China, and a further $9.0 million impairment charge of the company's mining assets in South Africa. The company's net sales in Q3 2016 totaled $365.0 million, down from $398.0 million in Q2 2016. In Q3 2016, Ferroglobe's average selling price for silicon metal declined by 6% sequentially, primarily due to pressure from low-priced imports.

On November 15th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. Get free access to your research report on GSM at:

http://stock-callers.com/registration/?symbol=GSM

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Aktien in diesem Artikel

Agnico-Eagle Mines Ltd. 75,56 1,48% Agnico-Eagle Mines Ltd.
Ferroglobe PLC 3,56 0,56% Ferroglobe PLC