Gold stocks have surged this week as disappointing economic data has increased the likelihood of the Federal Reserve continuing stimulus measures until next year. On Tuesday, the U.S. Labor Department reported nonfarm payrolls grew by 148,000 in September, which was short of economists’ forecast of 180,000 jobs. Additionally, data from the Labor Department showed that initial U.S. jobless claims fell 12,000 to a seasonally adjusted 350,000, which was below economists’ expectations of 340,000 according to Reuters.
Alamos Gold Inc. (NYSE: AGI) shares traded in the range of $15.47 to $16.02 Thursday before settling to close at $15.85, an increase of 4.21 percent. The stock appears to be facing some resistance at the $16.64 and $16.88 levels with some support at $15.84. Shares of Alamos Gold have fallen approximately 10.0 percent in 2013.
More information on Alamos Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AGI
Yamana Gold Inc. (NYSE: AUY)(TSX: YRI) shares traded in the range of $10.05 to $10.27 Thursday before settling to close at $10.19, an increase of 3.24 percent. The stock appears to be facing some resistance at the $10.22 and $10.39 levels with some support at $10.05. Shares of Yamana Gold have fallen approximately 40.0 percent in 2013.
More information on Yamana Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AUY
Kinross Gold Corporation (NYSE: KGC)(TSX: K) shares traded in the range of $5.01 to $5.14 Thursday before settling to close at $5.14, an increase of 3.42 percent. The stock appears to be facing some resistance at the $5.18 and $5.36 levels with some support at $5.04. Shares of Kinross Gold have fallen approximately 47.0 percent in 2013.
More information on Kinross Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KGC
Goldcorp Inc. (NYSE: GG)(TSX: G) shares traded in the range of $26.13 to $26.84 Thursday before settling to close at $26.62, an increase of 3.98 percent. The stock appears to be facing some resistance at the $28.55 and $29.86 levels with some support at $26.61. Shares of Goldcorp have fallen approximately 27.0 percent in 2013.
More information on Goldcorp and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GG
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