NEW YORK, July 22, 2016 /PRNewswire/ --
Following a rough start to the year due to a decline in commodity price and a weak Chinese economy, the Basic Materials sector is now in a much better shape, and investors see some positive signs of growth. Today's stocks in review on Stock-Callers.com are Alamos Gold Inc. (NYSE: AGI), Sibanye Gold Ltd (NYSE: SBGL), Banro Corp. (NYSE MKT: BAA), and PBF Energy Inc. (NYSE: PBF). Learn more about these stocks by accessing their free notes at:
http://stock-callers.com/registration
Alamos Gold
Toronto, Canada headquartered Alamos Gold Inc.'s stock finished Thursday's session 3.97% higher at $8.91 with a total volume of 1.32 million shares traded. The Company's shares have advanced 17.08% in the past month, 40.31% in the previous three months, and 170.82% on an YTD basis. The stock is trading 12.88% above its 50-day moving average and 71.66% above its 200-day moving average. Additionally, shares of Alamos Gold, which explores for, mines, develops, and produces gold deposits in the U.S. and Canada, have a Relative Strength Index (RSI) of 51.32.
On June 30th, 2016, Alamos Gold announced plans to release its second quarter 2016 financial results before the start of trading on August 10th, 2016. On the same day senior management will host a conference call at 10:00 am ET to discuss the results.
On July 12th, 2016, research firm Bank of America/ Merrill resumed its 'Buy' rating for the Company's stock. See our complete notes on AGI at:
http://stock-callers.com/registration/?symbol=AGI
Sibanye Gold
On Thursday, shares in Westonaria, South Africa-based Sibanye Gold Ltd recorded a trading volume of 1.73 million shares, which was above their three months average volume of 1.63 million shares. The stock ended the session 4.82% higher at $17.61. The Company's shares have surged 53.53% in the last one month, 17.01% over the previous three months, and 194.10% since the start of this year. The stock is trading 30.70% above its 50-day moving average and 65.38% above its 200-day moving average. Moreover, shares of Sibanye Gold, which owns and operates underground and surface gold operations in South Africa, have an RSI of 72.18.
On July 11th, 2016, Bloomberg reported that Sibanye Gold will start talks with unions that may affect about 2,500 jobs after its Cooke 4 operation failed to meet production goals. SBGL free notes is just a click away at:
http://stock-callers.com/registration/?symbol=SBGL
Banro
Shares in Toronto, Canada headquartered Banro Corp. closed the day 2.20% lower at $0.40. The stock recorded a trading volume of 960,015 shares. The Company's shares have gained 33.67% in the last month; 29.35% in the previous three months; and 100.50% on an YTD basis. The stock is trading 21.15% above its 50-day moving average and 60.21% above its 200-day moving average. Additionally, shares of Banro, which together with its subsidiaries, engages in the exploration, development, and production of mineral properties, have an RSI of 56.94.
On July 12th, 2016, Banro announced its operating results for the second quarter of 2016. The company reported that Twangiza and Namoya produced a combined 49,673 ounces of gold during the second quarter of 2016, for year-to-date total production of 93,865 ounces of gold. Both figures represent record production levels for the Company. Gold production in the first half is in-line with 2016 production guidance, with the second half expected to deliver the bulk of annual production. Sign up for your complimentary notes on BAA at:
http://stock-callers.com/registration/?symbol=BAA
PBF Energy
At the close, shares in Parsippany, New Jersey-based PBF Energy Inc. ended at $22.20, which was a decline of 1.29%. The stock recorded a trading volume of 1.59 million shares. The Company's shares are trading below their 50-day moving average by 11.39%. Furthermore, shares of PBF Energy, which together with its subsidiaries, engages in the refining and supply of petroleum products, have an RSI of 40.99.
On July 01st, 2016, PBF Energy announced that it has completed the acquisition of the 155,000 barrel-per-day Torrance refinery, and related logistics assets, from ExxonMobil. With the acquisition, PBF Energy increased its total throughput capacity to approximately 900,000 barrels per day and has become the fourth largest independent refiner in North America. The purchase price for the assets was $537.5 million, plus working capital. PBF financed the transaction with a combination of cash, including proceeds from its $350 million public equity offering in October of 2015, and borrowings under its existing revolving credit facility.
On July 11th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. The research firm also revised its previous target price downwards from $33 to $21. Register for free on Stock-Callers.com and access the latest notes on PBF at:
http://stock-callers.com/registration/?symbol=PBF
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.