Once again, gold and Silver are lower going into the European open. As further ETF outflows have registered in recent sessions, the yellow metal is 0.11 % in the red and trades at $1836 per ounce. Silver appears to have made a fresh lower high on the daily chart, and the next significant support level to watch is the previous wave low at $21.89 as a break that might escalate losses.
The indexes in the Asia Pacific region even suffered after the disappointing handover from the US. The Nikkei 225 finished 0.23% lower, and the ASX also dropped 0.67% lower. The outperformer was the Shanghai Composite in China, and it traded only above flat.
Brexit keeps dominating the newswires in terms of news. PM Johnson of the UK and Von der Layen of the EU all decided that a statement on the future of talks could take this Sunday. The United Kingdom currently claims that the EU should not value the integrity of the country. Boris kept claiming that no other country would agree that anyone else was in charge of its oceans. Following are the leading stocks.
Galiano Gold Inc. (AMEX:GAU) shares were trading down -3.39% at $1.14 at the time of writing on Wednesday. On November 30, 2020, the company provided an update from its 2020 exploration program underway at the Asanko Gold Mine, located in Ghana, West Africa.
Galiano Gold Inc. (AMEX:GAU) share price went from a low point around $0.56 to briefly over $2.12 in past 52 weeks, though shares have since pulled back to $1.14. GAU market cap has remained high, hitting $264.37M at the time of writing.
If we look at the recent analyst rating GAU, Desjardins initiated coverage on GAU shares with a Buy rating and a $1.81 price target, which implies room for 0.67% upside momentum this year.
Equinox Gold Corp. (EQX) last closed at $10.10, in a 52-week range of $4.63 to $13.66. The gold mining company declared filing of Santa Luz technical report, on November 30, 2020.
IAMGOLD Corporation (IAG) stock drop by -2.47% to $3.56. The most recent rating by Desjardins, on September 09, 2020, is at a Buy.
Kinross Gold Corporation (NYSE:KGC) Shares headed falling, lower as much as -3.18%. The most recent rating by BofA Securities, on August 05, 2020, is at a Buy.
AngloGold Ashanti Limited (NYSE:AU) fall -3.11% after losing more than -$0.69 on Wednesday. The company recently appointed Maria Ramos as chairwoman. She will replace Sipho Pityana.
Yamana Gold Inc. (AUY) last closed at $5.55, in a 52-week range of $2.23 to $7.02. Analysts have a consensus price target of $3.92. On December 2, 2020, the firm provided an update on its generative exploration program activities.
Sandstorm Gold Ltd. (SAND) stock drop by -4.34% to $7.28. The most recent rating by RBC Capital Mkts, on October 29, 2020, is at a Sector perform.
Almaden Minerals Ltd. (AMEX:AAU) Shares headed falling, lower as much as -3.03% after reporting successful advance of community water project.
New Gold Inc. (AMEX:NGD) rose 1.42% after gaining more than $0.03 on Wednesday. The Canadian-focused company on November 23, 2020 revealed partial redemption of outstanding 6.375% senior notes.
B2Gold Corp. (BTG) last closed at $5.57, in a 52-week range of $2.16 to $7.55. On December 2, 2020, the company proclaimed that it has been recognized as industry-leading responsible miner. Analysts have a consensus price target of $3.50.
SSR Mining Inc. (SSRM) stock drop by -4.79% to $19.08. The firm on November 30, 2020 announced the positive results of its independently prepared Master Plan study of the Çöpler District. The most recent rating by BofA Securities, on December 03, 2020, is at a Buy.