|By PR Newswire||
|August 21, 2013 08:01 AM EDT||
NEW YORK, August 21, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Randgold Resources Ltd. (ADR) (NASDAQ: GOLD), Royal Gold, Inc. (NASDAQ: RGLD), First Majestic Silver Corp. (NYSE: AG), Hecla Mining Company (NYSE: HL), and Franco-Nevada Corporation (NYSE: FNV). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Randgold Resources Ltd. (ADR) Research Report
On August 7, 2013, Randgold Resources Ltd. (ADR) (Randgold) announced that increased production and reduced costs should help the Company to remain profitable given the decreased gold price. According to Mark Bristow, CEO of Randgold, the Company's business model was designed to deliver returns at lower gold prices, and it therefore has not been forced to write down its reserves as these had been calculated at $1,000/oz. Bristow added, "Our giant Kibali project is scheduled to start gold production in October, Loulo and Gounkoto are both accessing higher grade sections in their orebodies, Tongon is continuing its turnaround and improved efficiencies across the group have already cut our total cash cost per ounce by 5% this past quarter."The Full Research Report on Randgold Resources Ltd. (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2282_GOLD]
Royal Gold, Inc. Research Report
On August 8, 2013, Royal Gold, Inc. (Royal Gold) reported its Q4 FY 2013 and full-year FY 2013 financial results (period ended June 30, 2013). The Company's royalty revenues declined 4.6% YoY to $57.3 million during the quarter, but increased 9.9% YoY to $289.2 million for full-year FY 2013. Net income available to Royal Gold common stockholders was $10.7 million, or $0.16 per diluted share, in Q4 FY 2013, compared to $20.6 million, or $0.34 per diluted share, in Q4 FY 2012. For full-year FY 2013, net income available to Royal Gold common stockholders was $69.2 million, or $1.09 per diluted share, compared to $92.5 million, or $1.61 per diluted share, in full-year FY 2012. According to Royal Gold, net income for full-year FY 2013 was impacted by an impairment loss recognized on available for-sale-securities recorded in Q3 FY 2013 that had an effect, net of tax, of $0.23 per basic share and was also impacted by an increase in depletion expense as several properties reported higher production in FY 2013.The Full Research Report on Royal Gold, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/603f_RGLD]
First Majestic Silver Corp. Research Report
On August 13, 2013, First Majestic Silver Corp. (First Majestic) reported its Q2 2013. The Company's revenues declined 11.7% YoY to $48.4 million during the quarter. Net earnings were $0.16 million, or $0.00 per diluted share, in Q2 2013, compared to $15.3 million, or $0.14 per diluted share, in Q2 2012. Commenting on the results, Keith Neumeyer, CEO and President of First Majestic, said, "The silver price fell 31% during the second quarter which is equal to the largest quarterly drop during the 2008 financial crisis and the third largest quarterly drop in the past 50 years. As such, management decided to suspend a portion of silver sales to await a rebound in prices. While the suspension had a negative impact on this quarter's revenues and earnings, we are confident the silver price will revert back to the mean in the near future. In the meantime, regular sales are now taking place in order to allow silver inventories to return to normal levels." The Full Research Report on First Majestic Silver Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/761b_AG]
Hecla Mining Company Research Report
On August 8, 2013, Hecla Mining Company (Hecla) reported its Q2 2013 financial results. The Company's sales increased 27.3% YoY to $85.3 million. Net loss was $24.9 million, or $0.08 per diluted share, in Q2 2013, compared to net income of $2.5 million, or $0.01 per diluted share, in Q2 2012. Hecla's President and CEO Phillips S. Baker, Jr., said, "The acquisition of Aurizon and associated financing was a pivotal event for Hecla, despite the associated costs resulting in a loss for the second quarter. With Greens Creek operating well, the Lucky Friday ramping up and Casa Berardi in the final quarters of completing major improvements, we are in a strong operating and financial position." He added, "However, in response to lower precious metals prices we have significantly scaled back capital, exploration and pre-development expenditures from original plans this year." The Full Research Report on Hecla Mining Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/92b3_HL]
Franco-Nevada Corporation Research Report
On August 7, 2013, Franco-Nevada Corporation (Franco-Nevada) reported its financial results for Q2 2013. The Company's revenue declined 9.2% YoY to $93.3 million during the quarter. Net income was $21.6 million, or $0.15 per diluted share, in Q2 2013, compared to net income of $36.9 million, or $0.25 per diluted share, in Q2 2012. Commenting on the results, David Harquail, President and CEO of Franco-Nevada, said, "Franco-Nevada's royalty business model has proven robust despite lower gold prices. Cash flow generation remains very strong and no material impairments have been recognized. Operations are profitable and performing in line with our expectations with no changes to our previous guidance." The Full Research Report on Franco-Nevada Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bd36_FNV]
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is 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 by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does 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.
SOURCE Analysts' Corner