Stocks Recap: Paramount Gold and Silver Corp, MEMC Electronic Materials, AngloGold Ashanti Limited, Endeavour Silver Corp

Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- 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:-

Paramount Gold and Silver Corp. (NYSEAMEX:PZG) shares dropped 7.35% and closed at $1.89 in the last trading session. The company, on Feb. 4, reported that results from the Preliminary Economic Assessment (PEA) for its 100%-owned San Miguel Project in Mexico are scheduled for release in late February, 2013. Exploration drilling also continues on key targets in the high-grade Don Ese area.

Additionally, PZG’s stock had its price target decreased by Barclays Capital from $37.00 to $36.00 in a research report sent to investors on Jan. 24.

Is PZG after A Fall In yesterday’s Session? Find Out Here

MEMC Electronic Materials, Inc. (NYSE:WFR) shares fell 7.24% to $5.25. MEMC Electronic Materials (NYSE: WFR) had its target price raised by UBS AG from $4.25 to $5.50 in a report released on Feb. 18. UBS AG currently has a buy rating on the stock.

Additionally, the company, on Feb. 13, reported a loss of $148.7 million is the fiscal year ended Dec. 31, as compared to a $1.52 billion loss in fiscal 2011. The company reported net sales of $2.53 billion in fiscal year 2012, down 7 percent from $2.72 billion is fiscal 2011. Net sales for its semiconductor materials segment declined 10 percent to $917.5 million in fiscal 2012 from $1.02 billion in fiscal 2011.

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

AngloGold Ashanti Limited (ADR) (NYSE:AU) shares fell 7.18% to $24.81 after the company yesterday announced that for fiscal 2013, it expects production to grow to between 4.1 million ounces and 4.4 million ounces at an improved total cash cost of $815/oz to $845/oz. The company is a gold mining company with a portfolio of assets and differing orebody types in key gold producing regions.

Why Should Investors Consider Buying AU Now? Find Out Here

Endeavour Silver Corp. (CAN) (NYSE:EXK) shares decreased 7.18% and closed at $5.69. The company, on Jan. 30, announced that for fiscal 2013, it expects silver production to rise 12-18% to 5.0-5.3 million ounces (oz) and gold production is anticipated to increase 19-27% to 46,000-49,000 oz. Silver equivalent production is expected to climb 14-22% to 7.3-7.8 million oz (at a silver:gold ratio of 50:1).

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

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