Gold Stocks Dropped: Yamana Gold Inc, Barrick Gold Corporation, Goldcorp Inc, Newmont Mining Corp

Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Yamana Gold Inc. (USA) (NYSE:AUY) shares fell 4.32% and closed at $14.40. Yamana Gold Inc.'s fourth-quarter earnings rose 89% as higher production and prices boosted revenue, offsetting increased expenses at the Canada-based mining company.

Yamana posted a profit of $169.2 million, or 22 cents a basic share, up from $89.6 million, or 12 cents a share, a year earlier. Excluding special items, per-share earnings rose to 26 cents from 25 cents. Revenue grew 11% to $629.5 million.

Analysts polled by Thomson Reuters had forecast a per-share profit of 25 cents on revenue of $665 million.

Is AUY after A Solid Pop Up? Find Out Here

Barrick Gold Corporation (USA) (NYSE:ABX) shares fell 3.94% and closed at $30.27 in the last trading session. Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities. Barrick also hold interests in oil and gas properties located in Canada.

How Should Investors Trade ABX After The recent Earnings Report? Find Out Here

Goldcorp Inc. (USA) (NYSE:GG) shares dropped 3.86% to $32.37. Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America.

Why Should Investors Consider Buying GG Now? Find Out Here

Newmont Mining Corp (NYSE:NEM) shares lost 5.45% and closed at $40.56. Newmont Mining Corporation (Newmont) is a gold producer. The Company’s operating segments include North America, South America, Asia Pacific and Africa. Its North America segment consists primarily of Nevada in the United States, La Herradura in Mexico and Hope Bay in Canada.

Is NEM Still a Buy After The Recent momentum? Find Out Here

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