Shining Gold Stocks: Golden Star Resources, Agnico-Eagle Mines, Allied Nevada Gold, Newmont Mining

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%.

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