Orlando, FL -- (SBWIRE) -- 09/18/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On AK Steel Holding Corporation(NYSE:AKS), Yamana Gold Inc. (USA)(NYSE:AUY).
AK Steel Holding Corporation(NYSE:AKS) shares gained 3.02% to $4.09. The company said that it plans to release its third quarter 2013 financial results before the opening of trading on the New York Stock Exchange on Tuesday, October 22, 2013.
Additionally, AKS‘s stock had its “hold” rating reaffirmed by Zacks in a research note issued to investors on Sept. 13. They currently have a $3.75 price objective on the stock. Zacks‘ price objective would indicate a potential downside of 4.82% from the stock’s previous close.
Moreover, Moody's Investors Service downgraded the corporate family and probability of default ratings of AK Steel Corporation (AK Steel) to B3 from B2 and B3-PD from B2-PD on Sept. 3. At the same time, Moody's downgraded the company's senior unsecured notes rating to Caa1 from B3 and senior secured notes rating to B2 from B1. The notes are guaranteed by AK Steel Holding Corporation. The speculative grade liquidity rating remains unchanged at SGL-3. The outlook is stable. This concludes the review for downgrade initiated on July 24, 2013.
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Yamana Gold Inc. (USA)(NYSE:AUY) shares gained 3.09% to $10.67. The 52 week trading range for the company is $8.55 - $20.59. The shares of the company fell 42% in the last one year.
The company on July 31 said it swung to a second-quarter loss as weaker metals prices and revenue hurt the Canada-based gold-mining company's results. The company reported a loss of $7.9 million, or a penny a share, compared with a year-earlier profit of $42.9 million, or six cents a share. Adjusted earnings fell to seven cents from 18 cents. Revenue declined 20% to $430.5 million. Analysts expected a profit of 10 cents a share on revenue of $485 million.
The company is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.
Is AUY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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