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Gold Stocks Technical Study: Newmont Mining, IAMGOLD, Harmony Gold Mining, and Goldcorp

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LONDON, March 14, 2014 /PRNewswire/ --

On Thursday, March 13, 2014, the NASDAQ Composite ended at 4,260.42, down 1.46%, the Dow Jones Industrial Average fell 1.41% to 16,108.89, and the S&P 500 closed at 1,846.34, down 1.17%. The losses were board based as nine out of ten sectors ended the session in negative. The S&P 500 Materials Sector Index finished the day at 294.92, down 0.83%, while the same has gained 2.16% in the last one month. Investor-Edge.com has initiated coverage on the following equities: Newmont Mining Corporation (NYSE: NEM), IAMGOLD Corporation (NYSE: IAG), Harmony Gold Mining Company Ltd (NYSE: HMY), and Goldcorp Inc. (NYSE: GG). Free research on these four companies can be accessed at:  


Newmont Mining Corp.'s stock recorded a trading volume of 8.35 million shares, as compared with a three months average volume of 10.52 million shares. The stock ended the day at $25.48, up 1.88% and traded between $24.88 and $25.53. Shares of the company traded at a PE ratio of 6.17. Newmont Mining Corp.'s shares have gained 4.81% in the previous three trading sessions, 8.29% in the last one month and 10.64% on YTD basis. The company's shares are trading above its 50-day moving average. Newmont Mining Corp.'s 200-day moving average of $27.24 is above the 50-day moving average of $23.60. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 60.51. Sign up and read the free notes on NEM at:


On Thursday, shares in IAMGOLD Corp. rallied 6.33%, closing the day at $4.20. A total of 12.04 million shares were traded, which is above the three months average volume of 6.84 million. The company's shares oscillated between $3.94 and $4.21 during the trading session. IAMGOLD Corp.'s shares have gained 11.70% in the previous three trading sessions, 4.22% in the last one month, and 26.13% on YTD basis. The company's shares are trading above its 50-day moving average. IAMGOLD Corp.'s 200-day moving average of $4.57 is above the 50-day moving average of $3.76. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 54.71. The complimentary notes on IAG can be downloaded as in PDF format at:


Harmony Gold Mining Co. Ltd's stock finished the session at $3.70, up 4.52%. The stock recorded trading volume of 7.08 million shares as compared to a three months average volume of 2.84 million shares. The stock fluctuated between $3.54 and $3.72 during the session. Harmony Gold Mining Co. Ltd's shares have surged 12.46% in the previous three trading sessions, 19.74% in the last one month, and 46.25% on YTD basis. The company's shares are trading above its 50-day and 200-day moving averages. Harmony Gold Mining Co. Ltd's 200-day moving average of $3.32 is above the 50-day moving average of $2.96. Moreover, the stock is trading at the Relative Strength Index (RSI) of 70.13. Register for free on Investor-Edge and access the latest research on HMY at:


On Thursday, Goldcorp Inc.'s stock recorded a trading volume of 7.94 million shares, as compared with a three months average volume of 7.81 million shares. The stock ended the day at $28.60, up 2.80% and at an intraday range of $27.56 and $28.68. Goldcorp Inc.'s shares have gained 7.16% in the previous three trading sessions, 6.00% in the last one month, and 31.98% on YTD basis. The company's shares are trading above its 50-day and 200-day moving averages. Goldcorp Inc.'s 200-day moving average of $25.62 is above the 50-day moving average of $25.02. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 61.45. The complete research on GG is available for free at:


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  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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