Today's MarketStats on gold companies includes: Spirit Exploration, Inc. (Pink Sheets:SPXP), Barrick Gold Corporation (NYSE: ABX), Newmont Mining Corporation (NYSE: NEM), Gold Corp Inc.(NYSE: GG) and Agnico-Eagle Mines Ltd. (NYSE: AEM).
Spirit Explorations Inc. (Pink Sheets: SPXP) engages in the exploration and development of mineral resource properties and mines in Ecuador. The company focuses its activities on gold and base metal exploration camps in Southern Ecuador. It has interest in gold camps near Aurelian's Del Norte Discovery, Nambija, and Portovelo. Spirit Exploration also owns three mines and a flotation processing plant in the Muluncay Mining District near Portovelo in Southern Ecuador. The company is based in Victoria, Canada
At close of business on Friday the 8th, Spirit was up three and three quarter’s percent to $2.21 per share on strong volume.
Spirit Explorations announced that it has retained the Equicom Group ("Equicom") to provide the Company with strategic investor relations and financial communications services. Additionally, the company recently filed audited financials, which is seen as a large step towards financial transparency and obtaining a listing on a more senior exchange.
To view a complete profile on Spirit Exploration Inc., visit our financial courier stockupticks.com
Barrick Gold Corp. (NYSE: ABX) Barrick engages in the acquisition, exploration and development of gold properties. Its products include gold, copper, silver, and zinc. The company was founded in 1983 and is headquartered in Toronto, Canada.
ABX is consistently one of the most efficient companies in the Gold & Silver industry. With a Return on Assets, Revenues Per Employee, and Return on Equity of 3.43%, $285,594.10, and 4.90% respectively, they are among the most effective companies in the industry. It generates revenue and cash flow from the production and sale of gold and copper. The Company sells its production in the world market through three primary distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and gold bullion and copper cathode is sold under gold and copper cathode sales contracts between the Company and various third parties.
Barrick has one of the lowest P/E ratio and Beta in the gold industry, which is always a positive from a fundamental standpoint. Their trading volume has seen a recent spike of over 10% their normal 3 month average, a positive sign from a technical analysis.
Newmont Mining (NYSE: NEM) Newmont Mining Corporation engages in the exploration, acquisition, and production of gold properties in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand, and Mexico.
Newmont is very efficient in comparison to its peers. In particular the company is among the best at generating revenues from employees and at managing their owner's equity, and is above average at managing their resources compared to other companies in the Gold & Silver industry.
NEM has one of the largest and most diverse land reserves in its industry which is seen as a bullish sign for new discoveries, given gold’s current share price. This could be why the technical pattern that is trending toward the upper end of the company’s 52 week high.
Goldcorp Inc. (NYSE: GG) Goldcorp, Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in the Americas and Australia. It focuses on gold, silver, and copper. It was founded in 1954 and is headquartered in Vancouver, Canada.
Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers. Its gold production remains 100% unhedged and the stock pays a steady dividend. This is a factor in the company’s stability, evidenced by a Beta of.89, showing less volatility than the industry.
With a 5% increase on Friday, GG appears to have established a short term head and shoulders pattern, trading in the $34 to $38 range. I would be cautious if trading out of this range, especially on the downside as Goldcorp has one on the industries highest price to earnings ratio.
Agnico-Eagle Mines Ltd. (NYSE: AEM) Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec and exploration and development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's largest gold deposit in terms of reserves.
Although the company has a smaller market cap than many of its competitors, it has paid a cash dividend for 26 consecutive years. Given the exceptional run-up in its stock price (57% one year return) and the recent drop in quarterly revenue growth, the stock may be trading more on the underlying asset than on solid fundamentals.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SectorWatch.biz and StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies have not always approved the statements made in this report.
This report is neither a solicitation to buy nor an offer to sell securities but is for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor, analyst or licensed broker dealer and this report is not investment advice. MP has been paid fifteen thousand dollars by Gross Marketing LLC on behalf of Spirit Exploration, Inc. for preparation and distribution of this report and other services over a thirty-day period. This constitutes a conflict of interest as to MP’s ability to remain objective in its communication regarding the subject company.
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