Stamford, CT -- (SBWIRE) -- 08/26/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Alcoa Inc (NYSE:AA), IAMGOLD Corporation (USA)(NYSE:IAG), Pandora Media Inc (NYSE:P), MGM Resorts International (NYSE:MGM)
Alcoa Inc (NYSE:AA) shares gained 0.75% to $8.11. The company on August 26 announced promotions that will extend Alcoa's leadership in the area of environment, health and safety, and enhance the company's business development and asset management capabilities worldwide.
Additionally, the company will begin trading ex-dividend on August 07, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on August 26, 2013. Shareholders who purchased AA stock prior to the ex-dividend date are eligible for the cash dividend payment.
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IAMGOLD Corporation (USA)(NYSE:IAG) shares increased 3.73% to $6.96. The company on August 12 reported its unaudited consolidated financial and operating results for the second quarter ending June 30, 2013. The company said they achieved more than half of their planned savings for 2013 and lowered their guidance on the cost of gold production as a result. Meanwhile, the company remains on track to hit commercial production at its Westwood mine in Quebec this fall.
Revenues for the second quarter 2013 were $301.1 million, down $63.4 million from the same prior year period. Adjusted net earnings attributable to equity holders for the second quarter 2013 were $30.2 million ($0.08 per share) compared to $75.3 million ($0.20 per share) for the same prior year period. Net losses attributable to equity holders for the second quarter 2013 were $28.4 million ($0.08 per share), compared to net earnings of $52.9 million ($0.14 per share) in the second quarter 2012.
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Pandora Media Inc (NYSE:P) shares decreased 1.11% to $18.69. Goldman Sachs Group Inc. boosted their price objective on shares of Pandora Media to $29.00 in a research note issued on August 26. The firm currently has a “hold” rating on the stock.
Additionally, the company released its earnings data on August 22. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $157.40 million for the quarter, compared to the consensus estimate of $156.35 million.
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MGM Resorts International (NYSE:MGM) shares jumped 2.28% to $18.41. The company on August 13 unveiled the nation's first commercial fleet of compressed natural gas (CNG) fueled Cadillac Escalades during the National Clean Energy Summit at Mandalay Bay Resort & Casino today. Uniquely converted by World CNG, a nationally recognized leader in alternative fuel technology, the six EPA-certified luxury vehicles will service ARIA Resort & Casino and Bellagio Resort & Casino.
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