News Recap: Kinross Gold Corporation, Hovnanian Enterprises, Walter Energy , Dyax Corp

Dallas, TX -- (SBWIRE) -- 03/12/2013 -- Marketbuzzreport.com, 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:-

Kinross Gold Corporation (USA) (NYSE:KGC) decreased 2.02% and closed at $7.76 on a traded volume of 5.68 million shares. The median Wall Street price target on the stock is $11.59 and the high target is set at $15.0 with majority of analysts have a buy rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $8.11 and $9.36 respectively.

Is KGC a Strong Buy After The Recent Gain? Let’s Find out Here

Hovnanian Enterprises, Inc. (NYSE:HOV) slipped 1.98% and closed at $5.94 on a traded volume of 5.92 million shares. Recently, the Company reported first quarter net loss narrowed to $11.3 million or $0.08 per share from $18.3 million or $0.17 per share in the prior year's fiscal first quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share for the quarter. Deliveries were 1,188 homes for the quarter compared with 1,012 homes in the 2012 first quarter. Total revenues were $358.2 million for the fiscal 2013 first quarter up 32.9% compared with $269.6 million in the fiscal first quarter of 2012.

Is HOV a Strong Buying Opportunity After The Recent Slump? Find out Here

Walter Energy, Inc. (NYSE:WLT) was down 1.96% and closed at $31.04 on a traded volume of 1.93 million shares. The Company said it could cut production and sell assets as it positions itself for the economic recovery of the coal industry. In a proxy statement, Walter announced that selective cuts could be on the horizon as it tightens operations.

Should Investors Consider WLT After The Recent price Action? Get Free Trend Analysis Here

Dyax Corp. (NASDAQ:DYAX) was down 1.93% and closed at $4.07 on a traded volume of 1.18 million shares. The Company announced that Ivana Magovcevic Liebisch, Ph.D., J.D., Executive Vice President, Chief Operating Officer, will leave the Company to pursue a senior management opportunity at a multinational pharmaceutical company, effective March 29, 2013. Dr. Magovcevic-Liebisch will continue to serve the Company as a consultant following her departure.

Should Investors Consider DYAX After The Recent price Action? Get Free Trend Analysis Here

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