EdgeWater 10/19/2010 10:34:02 PM
News / Business

Gold Stocks Opens Lower (NGD, GG, GFI, ABX)

Gold Stocks Opens Lower

New Gold Inc. (USA) (AMEX:NGD) plunged 6.13% to $6.59. UBS downgraded New Gold, Inc. from Buy to Neutral with a price target of $7.25.

Over the past 52-week, the stock had traded within the range of $3.18-$7.53 and is up more than 81% year-to-date.

Goldcorp Inc. (USA) (NYSE:GG) fell 4.16% to $42.17. Goldcorp Inc. is a gold producer engaged in the operating, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America.

Over the past 52-week, the stock had traded within the range of $32.84-$47.41. At current market price, the market capitalization of the company is $31.04 billion.

Gold Fields Limited (ADR) (NYSE:GFI) went down 3.19% to $15.19. Gold Fields Limited is a producer of gold and holder of gold reserves in South Africa, Ghana, Australia and Peru. In Peru, Gold Fields also produces copper.

Over the past one month of trading sessions, the stock went up more than 2%.

Barrick Gold Corporation (USA) (NYSE:ABX) dropped 4.98% to $45.44. Barrick Gold Corporation is engaged the production and sale of gold, as well as related activities, such as exploration and mine development.

Over the past 52-week, the stock had traded within the range of $33.65-$49.66 and is up more than 14% year-to-date.

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html