The price of gold is down a little bit this morning as stocks bounced back sharply today after seeing their biggest one day decline of the year yesterday. Alcoa posted their earnings yesterday after market close and beat expectations.
Worries over Europe were also eased somewhat this morning as borrowing costs in Spain and Italy fell. Investors will be keeping a close eye on upcoming elections in Greece and France as opposition candidates have taken stances against European bailouts.
Gold prices are currently down $1.70 at $1,658.90.
Gold Stocks to Watch
Kinross Gold Corporation (NYSE:KGC) is down 1.18% this morning at $9.24. KGC has traded 2.6 million shares so far today and trades 9.9 million shares a day on average. KGC shares have traded between $9.10 and $9.40 over the past week. The company has a market cap of 10.49 billion.
Newmont Mining Corp. (NYSE:NEM) is down 1% in early trading at $48.49. NEM has traded 2.1 million shares so far today and trades 7.1 million shares a day on average. NEM shares have fallen about $1 a share in the past two days. The company has a market cap of 24.03 billion.
Yamana Gold, Inc. (NYSE:AUY) is down 0.20% this morning at $15.32. AUY has traded 1.9 million shares so far today and trades 7.5 million shares a day on average. AUY shares are falling slightly this morning after rallying about $0.60 yesterday. The company has a market cap of 11.34 billion.
Barrick Gold Corporation (NYSE:ABX) is down 0.34% today at $41.34. ABX has traded 1.6 million shares so far today and trades 7.8 million shares a day on average. BX shares have fallen about $1 a share in the past week. The company has a market cap of 41.36 billion.
Jaguar Mining Inc. (NYSE:JAG) is down 5.42% today at $4.36. JAG has traded 1.1 million shares already this morning and trades 1.4 million shares a day on average. JAG shares have dropped $0.55 in the past two days. The company has a market cap of 373.93 million.
Goldcorp Inc. (NYSE:GG) is down 0.23% this morning at $41.29. GG has traded 1.1 million shares in the first hour of trading today and trades 5.4 million shares a day on average. GG shares have dropped more than $1 a share in the past week. The company has a market cap of 33.48 billion.
Eldorado Gold Corp. (NYSE:EGO) is up 1.17% today at $12.96. EGO has traded 938 thousand shares so far today and trades 3.7 million shares a day on average. EGO have dropped $0.50 a share since last Friday. The company has a market cap of 7.13 billion.
Harmony Gold Mining Co. Ltd. (NYSE:HMY) is unchanged at $10.14 this morning. HMY has traded just over a million shares already today and trades 2.1 million shares a day on average. The company has a market cap of 4.36 billion.
About Martin Stephenson
