For the second day, gold prices continued to increase, edging to a two-week peak. A downward trend in Treasury yields seemed to accelerate the step upwards, enhancing the metal’s attractiveness as an alternate value store. The rate on the 10-year benchmark note dropped and flattened the yield curve. A discrete catalyst is not quickly evident.
Moving forward, a relatively quiet day on the economic data front could give way to sentimental trends as the primary driver of price action. Bellwether S&P 500 futures point higher, signaling a risk-taking tilt that pulls higher yields and weighs on bullion.
Gold Standard Ventures Corp (AMEX:GSV) shares were trading up 9.68% at $0.81 at the time of writing on Tuesday. The company reported on December 2, 2020,completion of CEO succession with the appointment of Jason Attew as President and CEO.
Gold Standard Ventures Corp (AMEX:GSV) share price went from a low point around $0.27 to briefly over $1.14 in past 52 weeks, though shares have since pulled back to $0.81. GSV market cap has remained high, hitting $255.25M.
If we look at the recent analyst rating GSV, B. Riley FBR initiated coverage on GSV shares with a Buy rating.
Agnico Eagle Mines Limited (AEM) last closed at $73.02, in a 52-week range of $31.00 to $89.23. Analysts have a consensus price target of $95.94.
Harmony Gold Mining Company Limited (HMY) stock soar by 0.89% to $4.51. The most recent rating by JP Morgan, on February 21, 2019, is at an Overweight.
Gold Fields Limited (NYSE:GFI) Shares headed rising, higher as much as 0.88%. The most recent rating by RBC Capital Mkts, on September 15, 2020, is at a Sector perform. On November 12, 2020,Gold Fields provided operational update for the quarter ended 30 September 2020.
Coeur Mining Inc. (NYSE:CDE) rose 0.83% after gaining more than $0.07 on Tuesday. The company will be hosting its 2020 Investor Day virtually on Thursday, December 17, 2020 at 8:30 a.m. Central Time (9:30 a.m. Eastern Time).
Wheaton Precious Metals Corp. (WPM) last closed at $42.24, in a 52-week range of $18.66 to $57.89. Analysts have a consensus price target of $60.83.
Sibanye Stillwater Limited (SBSW) stock soar by 0.34% to $14.94. The most recent rating by BMO Capital Markets, on November 11, 2020, is at an Outperform.
NovaGold Resources Inc. (AMEX:NG) Shares headed rising, higher as much as 0.29%. The most recent rating by B. Riley FBR Inc., on December 19, 2017, is at a Buy.
Newmont Corporation (NYSE:NEM) rose 0.11% after gaining more than $0.07 on Tuesday after reportingthat its 2021 outlook with attributable gold production guidance of 6.5 million ounces and AISC of $970 per ounce.
Barrick Gold Corporation (GOLD) last closed at $23.90, in a 52-week range of $12.65 to $31.22. Analysts have a consensus price target of $33.67. The corporation on November 26, 2020 announced that it has retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI) World Index, ranking in the 95th percentile of all mining companies assessed.
Hecla Mining Company (HL) stock drop by -0.37% to $5.32. The most recent rating by ROTH Capital, on October 27, 2020, is at a Buy.
On November 18, 2020, Hecla Mining Company (HL)revealed that a wholly owned subsidiary of Hecla has acquired an aggregate of 807,846 Shares of Dolly Varden Silver Corporation.
Alamos Gold Inc. (NYSE:AGI) Shares headed falling, lower as much as -0.43%. The most recent rating by Desjardins, on September 09, 2020, is at a Buy.
Alamos Gold Inc. (AGI) on November 24, 2020 reported that the Company’s Board of Directors has declared a quarterly dividend of US$0.02 per common share.
Kirkland Lake Gold Ltd. (NYSE:KL) fall -0.48% after losing more than -$0.2 on Tuesday. On December 3, 2020, the company reportedclosing of sale of Novo shares and warrants.
Gold Resource Corporation (GORO) last closed at $3.42, in a 52-week range of $2.02 to $6.24. On November 25. 2020. The company reported its monthly instituted dividend of one-third of a cent per common share for November 2020 payable on December 23, 2020 to shareholders of record as of December 11, 2020.
Eldorado Gold Corporation (EGO) stock drop by -0.68% to $13.13. The most recent rating by RBC Capital Mkts, on October 09, 2020, is at a Sector perform. Eldorado Gold Corporation (EGO) on December 2, 2020 released its updated Reserve and Resource estimates as of September 30, 2020.