Pre-Market Analysis on Analysis on AuRico Gold, Goldcorp, Barrick Gold, and Kinross Gold

Thu Mar 7, 2013 8:01am EST

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LONDON,  March 7, 2013  /PRNewswire/ --

Gold and the broader markets continue their bull run. As gold prices gained half
a percent, Gold stocks also showed good returns. Low interest regime continues
to ignite interest in gold investment, driving up the prices and the effect is
clearly visible on mining stocks. On Wednesday, The Dow Jones ended the session
at 14,296.24, up 0.30 percent while NASDAQ was down 0.05 percent to close at
3,222.37. S&P closed on a positive note at 1,541.46, up 0.11 percent. Our
research team took a look at Basic Material sector, more precisely the gold
industry, including major companies like AuRico Gold Inc. (NYSE: AUQ), Goldcorp
Inc. (NYSE: GG), Barrick Gold Corporation (NYSE: ABX) and Kinross Gold
Corporation (NYSE: KGC). StockCall has posted free technical research on AUQ,
GG, ABX, and KGC which can be downloaded upon sign up at

AuRico Gold Inc. shares were up on Wednesday's trading session, ending the day
3.99 percent up at  $6.26. The stock fell to an intra-day low of  $5.93, while
its intra-day high stood at  $6.41. Despite the upward move,  AuRico Gold  has
declined more than 23 percent this year, compared to a gain of 8.08 percent for
the S&P 500. The shares have strong support at around  $6.20, as the stock shows
a neutral trend. On the upside, the gold producer may touch  $6.42  in the
coming trading sessions. The stock is trading in-line with its 20-day and 50-day
moving averages. Sign up and read the complimentary report on AUQ at

In-line with the upward movement shown by broad market indices, Goldcorp Inc.'s
stock finished 4.15 percent higher at  $33.35, with volume up from daily average
of 5.68 million to 10.14 million. Goldcorp's stock is down so far in 2013 with
its year-to-date decline at 9.13 percent. However, the stock currently shows a
bullish trend which is further confirmed by the stock's MACD chart. Goldcorp has
its first support level at  $32.39. In the coming trading sessions, the stock is
likely to go as high as  $34.59. The free report on GG can be downloaded by
signing up now at

Barrick Gold Corp.'s stock rose sharply in its latest trading session. The stock
closed 4.10 percent up at  $29.69  with 14.21 million share volume yesterday.
Despite the significant upward move, the stock is still down more than 15
percent for the year. In the past 52 weeks,  Barrick Gold  is down 37.39
percent. The stock currently has support at  $29.41  level. The stock's MACD
chart shows a neutral trend. The gold mining company may face its first
resistance level at  $30.30. Upon breaching this level, the stock may go as high
as  $32.27. Free report on ABX can be accessed by registering at

Shares of Kinross Gold Corp. edged lower in its latest trading session, tracking
up move in the broad market. The stock closed 4.24 percent higher at  $7.86  on
above average volume of 17.80 million on Wednesday.  Kinross Gold's  shares have
lost more than 19 percent this year, underperforming the broad market. It has
support at  $7.72. Despite the upward movement, the company's shares are still
trading below their 20-day and 50-day moving averages. The stock's MACD is also
trading below the signal line and the zero-line. Both of these are neutral
signals. Register with StockCall and download the research on KGC for free at   

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Contact Person:William T. Knight, Email:, Contact Number:
+1(646)396-9857 (9:00 am EST - 01:30 pm EST)

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