Monday, November 15, 2010

Gold Stock Losers (AUY, NEM, EGO)

Yamana Gold Inc. (USA) (NYSE:AUY) dropped 3.90% to $11.58. Earlier in the month, The company said it earned US$118.9 million, or US$0.16 a share on an adjusted basis, topped analysts' estimates of US$0.14 a share. Revenue grerw 36% to US$454.0 million year on year topped analysts' estimates of US$420.82 million for the quarter. Newmont Mining Corporation (NYSE:NEM) fell 2.95% to $61.16. Renaissance Gold Inc. reported the signing of a new exploration earn-in agreement with Newmont Mining Corporation on the company’s Wildcat gold exploration property located approximately 35 miles northwest of the city of Delta in Juab County, Utah. The 52-week range of the stock is $42.80-$65.50. Eldorado Gold Corporation (USA) (NYSE:EGO) went down 1.13% to $17.54 on strong volumes. The 52-week range of the stock is $11.39-$20.23 and is up more than 23% year-to-date. At current market price, the market capitalization of the company stands at $9.61 billion. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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