Gold mining stocks traded mostly higher on Tuesday after gold prices extended gains on Tuesday as investors shifted to the yellow metal for its traditional appeal as a safety play, on news from Cyprus that European Central Bank officials suggested plan to tax bank deposits in Cyprus in order to provide them about €10 billion in bailout funds. The Cypriot parliament rejected the deposit levy yesterday, and projected to adjourn until tomorrow.
Golden Star Resources Ltd. (USA)(NYSEAMEX:GSS) trended 2.42% higher to end last trading session at $1.69 after ranging between $1.62 and $1.70. A quick look on this stock’s price history reveals beta used to measure the volatility or systematic risk in comparison to the market as a whole was 1.10 and the percentage change in the price over the past 52 weeks remained at +1.20%. The price range in those 52 weeks had a best score of $2.11 on Oct 16, 2012 while lowest level during that period was $0.90 on May 12, 2012.
Agnico-Eagle Mines Limited (USA)(NYSE:AEM)ranged in price between $39.80-$40.82 and gained 1.28% to close at $40.36. The stock moved down -22.65% in this year and its price history showed that most recently beta was at 0.41. Overall during the last 12 months, the percentage change in the price was +21.93%, hitting the highest of $57.35 on Nov 26, 2012 while lowest level in that period was $31.92 on Apr 10, 2012.
Allied Nevada Gold Corp.(NYSEAMEX:ANV)ranged in price from $17.92 to $18.47 in the last session and closed 1.10% higher to $18.34. Its shares fell -39.13% so far in 2013. The stock most recently had a beta value at 0.27 and the percentage change in the price over the last fifty two weeks remained at -41.18%. The price range in that 1-year period had a best hit of $41.02 on Oct 17, 2012 while lowest level in the same period was $16.89 on Mar 05, 2013.
Newmont Mining Corp(NYSE:NEM)stock sold in a range of $39.80 to $40.72 before ending 0.85% higher to settle at $40.37. So far, the share price of this stock dropped -12.12% in this year and stock’s price history revealed that beta was maintained at 0.30 and the percentage change in the price over the last fifty two weeks remained as -24.07%.