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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Yamana Gold Inc.    YRI   CA98462Y1007

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Yamana Gold Inc. : Wall Street Fundamentals Releases New In-Depth Stock Reports on AUY, EGO, KGC and NGD

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02/11/2014 | 04:25pm CEST

Disappointing employment numbers continued to push gold prices higher Monday. Gold for April delivery settled at $1,274.70 a troy ounce on the Comex division of the New York Mercantile Exchange Monday, the highest since November 15th. The Market Vectors Gold Miners ETF (NYSEARCA: GDX) and the Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) posted gains of 3.22 percent and 4.20 percent, respectively. Additionally, the reopening of China?s markets after the Lunar New Year holiday caused a spike in Chinese buying. The China Gold Association has recently reported Chinese consumers purchased 1,176.4 metric tons of the precious metal last year, an increase of 41.0 percent year-over-year.

Yamana Gold Inc. (NYSE: AUY)(TSX: YRI) shares traded in the range of $9.26 to $9.78 Monday before settling to close at $9.75, an increase of 6.32 percent. The stock appears to be facing some resistance at the $9.82 and $10.26 levels with some support at $9.21 and $8.42. Shares of Yamana Gold have gained approximately 13.0 percent year-to-date.

More information on Yamana Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AUY

Eldorado Gold Corp. (NYSE: EGO)(TSX: ELD) shares traded in the range of $6.49 to $6.77 Monday before settling to close at $6.75, an increase of 5.63 percent. The stock appears to be facing some resistance at the $7.17 and $7.40 levels with some support at $6.71 and $6.12. Shares of Eldorado Gold have gained approximately 18.0 percent year-to-date.

More information on Eldorado Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EGO

Kinross Gold Corporation (NYSE: KGC)(TSX: K) shares traded in the range of $4.89 to $5.11 Monday before settling to close at $5.09, an increase of 5.60 percent. The stock appears to be facing some resistance at the $5.17 and $5.36 levels with some support at $5.05 and $4.83. Shares of Kinross Gold have gained approximately 16.0 percent year-to-date.

More information on Kinross Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KGC

New Gold Inc. (NYSEMKT: NGD)(TSX: NGD) shares traded in the range of $5.49 to $5.69 Monday before settling to close at $5.68, an increase of 3.09 percent. The stock appears to be facing some resistance at the $5.96 and $6.32 levels with some support at $5.50 and $5.12. Shares of New Gold have fallen approximately 8.0 percent year-to-date.

More information on New Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NGD

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com


© Accesswire 2014
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