Volume Gainers of the Gold Industry (TechSonian)
NovaGold Resources Inc. (NYSEAMEX:NG) ended lower -0.42% and completed the day at $2.39. The total number of shares that changed hands during the day was 4.78 million. After opening at $2.41, the stock hit a high of $2.48. However, it traded between $2.22 and $7.30 over the last twelve months. NovaGold Resources Inc. (NYSEAMEX:NG) engages in the exploration and development of mineral properties primarily in Alaska, the United States and British Columbia, Canada. The company primarily explores for gold, silver, copper, zinc, and lead ores.
Newmont Mining dividend falls by nearly 18 percent (BusinessWeek)
Newmont Mining Corp (NYSE:NEM) said Wednesday that its dividend, which is directly tied to the price of gold, is falling by nearly 18 percent. The Denver-based mining company declared a dividend of 35 cents per share, which is payable June 27 to shareholders of record as of June 12. That is compared with its most recent dividend payment of 42.5 cents per share, paid in March. Newmont said the dividend price for the second quarter was based on gold prices during the first quarter. The company’s shares jumped nearly 6 percent to close regular trading at $34.33 Wednesday and fell 55 cents in after-hours trading.
Newmont Declares Quarterly Dividend of $0.35 per share (NewsWire)
Newmont Mining Corp (NYSE:NEM) (“Newmont” or the “Company”) announced today its Board of Directors declared a quarterly dividend of $0.35 per share of common stock, payable on June 27, 2013, to holders of record at the close of business on June 12, 2013. The second quarter 2013 dividend of $0.35 per share was based on the average London P.M. Fix of $1,632 per ounce for the first quarter 2013. In addition, Newmont Mining Corporation of Canada Limited (TSX: NMC) today declared a regular quarterly dividend of CAD $0.3595 per share on its exchangeable shares, payable June 27, 2013, to holders of record at the close of business on June 12, 2013. This dividend is designated as an “eligible dividend” for Canadian tax purposes.
Newmont Mining Downgraded to “Sell” at Deutsche Bank (NEM) (DailyPolitical)
Deutsche Bank AG (NYSE:DB) cut shares of Newmont Mining Corp (NYSE:NEM) from a hold rating to a sell rating in a research report sent to investors on Monday morning, TheFlyOnTheWall.com reports. The firm currently has $24.00 price target on the stock, down from their previous price target of $31.00. “Recent performance has been driven by rising gold prices, delivery of strong quarterly earnings and implementation of innovative gold-linked dividend. Medium-term performance should be driven by Akyem (Africa), resumption of phase 6 mining at Batu Hijau, and recently acquired Long Canyon (Nevada) projects, which should boost gold output from 5.0m oz in 2012 to 6.0m oz in 2018.
Kinross Gold Corp Given New $7.50 Price Target at Scotiabank (KGC) (MideastTime)
Equities researchers at Scotiabank dropped their target price on shares of Kinross Gold Corporation (NYSE:KGC) from $10.00 to $7.50 in a report issued on Wednesday, ARN reports. Kinross Gold Corp (NYSE: KGC) traded up 4.81% on Wednesday, hitting $5.66. Kinross Gold Corporation (NYSE:KGC) has a 1-year low of $4.97 and a 1-year high of $11.20. The stock’s 50-day moving average is currently $7.17. The company’s market cap is $6.454 billion.
Teck Resources Limited and Kinross Gold Corporation Custom Reports Available on Stock Board (MarketWatch)
Stockboard.com is an investment website that makes it easy to keep track of your stocks. Custom stock reports and news alerts for Teck Resources Limited CA:TCK.B +2.65% and Kinross Gold Corporation (NYSE:KGC) -0.17% are now available on Stockboard.com …By registering at Stockboard.com, shareholders will never again miss the news releases for the above mentioned companies, as well as any third party coverage posted to that company via our users’ personal Stockboard. Stockboard also gives you direct access to insider information, analyst ratings, videos, corporate coverage, calendars, financials, and in-depth stock charts for the above mentioned companies.
Kinross Gold Corp Rating Lowered to Hold at Deutsche Bank (KGC) (MideastTime)
Deutsche Bank AG (NYSE:DB) cut shares of Kinross Gold Corporation (NYSE:KGC) from a buy rating to a hold rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has $6.00 target price on the stock, down from their previous target price of $9.00. “Recent performance has been driven by increased risk associated with its sharp diversification into West Africa (Ghana and Mauritania). Near-term growth is dependent on remediation of issues at Tasiast (Mauritania) and successful execution of Dvoinoye (Russia). Longer-term, Kinross’ outlook hinges on projects such as Tasiast expansion, Lobo Marte (Chile) and Fruta del Norte (Ecuador)…
