Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- 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 gained 1.74% to $15.22. The company, on Feb. 20, announced that for fiscal 2013, it expects production to be in the range of 1.44 million to 1.60 million GEO with a target level of 1.48 million GEO. For fiscal 2014, it expects production to be in the range of 1.60 to 1.77 million GEO with a long-term sustainable target of 1.75 million GEO, representing an increase by approximately 33% from fiscal 2012 levels. By fiscal 2015, production is targeted to be at a sustainable level of approximately 1.75 million GEO.
How Should Investors Trade AUY After The Solid Jump? Let’s Find Out Here
ArcelorMittal (ADR) (NYSE:MT) shares jumped 0.07% to $15.27 in the morning hour. The company, on Feb. 6, announced that the Company expects to report FY 2013 EBITDA to be higher as compared to FY 2012 EBITDA. The Company reported FY 2012 EBITDA of USD 7.1 billion. Analysts are expecting the Company to report FY 2013 EBITDA of USD 8,110.19.
Is MT Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Gilead Sciences, Inc. (NASDAQ:GILD) stock gained 0.80% to $42.79 after Bank of America reiterated their buy rating on shares of GILD today.
Additionally, the company, on Feb. 19, announced that Gilead and Teva Pharmaceuticals have reached an agreement in principle to settle the ongoing patent litigation concerning the patents protecting Viread® (tenofovir disoproxil fumarate), a treatment for HIV infection and chronic hepatitis B. Under the terms of the settlement, Teva will be allowed to launch a generic version of Viread on December 15, 2017.
Is GILD Buy After The Recent Price Movement? Find Out Here
Micron Technology, Inc. (NASDAQ:MU) shares increased 1.68% to $8.15. The company, last week, announced that the Chinese Ministry of Commerce has given antitrust clearance for Micron's previously announced proposed acquisition of Elpida. China's approval was the last remaining antitrust pre-merger clearance required for completion of the transaction.
Additionally, Sanford C. Bernstein reaffirmed their outperform rating on shares of Micron Technology in a report issued on Feb. 19. They currently have a $9.00 target price on the stock.
Is MU Buy After The Recent Price Movement? Find Out Here
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