Gold Stocks To Watch (AUY, IAG, NEM)

Yamana Gold Inc. (USA) (NYSE:AUY) slid 0.45% to $11.14. This month, the company reported that its third-quarter net earnings rose 98% to US$120.7 million from the same quarter last year. On a per share basis, net income for the latest quarter was US$0.17.

Adjusted earnings for the latest quarter were US$118.9 million, or US$0.16 per share. Analysts polled by Thomson Reuters expected the company to report earnings of US$0.14 per share for the quarter.

Revenue increased by 36% to US$454.0 million from the year ago quarter. Five analysts had consensus revenue estimate of US$420.82 million for the quarter.

IAMGOLD Corporation (USA) (NYSE:IAG) went up 0.80% to $16.39. The company this month reported its unaudited interim consolidated financial and operating results for the third quarter ended September 30, 2010.

Net earnings of $40.8 million ($0.11 per share), decreased $24.1 million from the third quarter of 2009. Adjusted net earnings(1) of $50.0 million ($0.13 per share(1)) decreased by $1.7 million from the third quarter of 2009 adjusted net earnings of $51.7 million ($0.14 per share).

The stock has a 52-week range of $13-$21.

Newmont Mining Corporation (NYSE:NEM) closed at $59.59, 0.34% higher. This month, the company reported earnings of $537 million for the third quarter of the 2010 fiscal year, up 38% from the same quarter in 2009. The company’s quarterly revenues were a record $2.6 billion.

Over the past 52-week, the stock had traded within the range of $42.80-$65.50 and is up more than 25% year-to-date.