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Traders Alert: Yamana Gold, CommonWealth REIT, Phillips 66, Melco Crown Entertainment Ltd

 
 
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Lakeway, NY -- (SBWIRE) -- 03/19/2013 -- ThePennyStockProfiler.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:-

Yamana Gold Inc. (USA) (NYSE:AUY) shares climbed 1.16% to $14.88. 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.

Is AUY a Still a Buy after the Solid momentum? Let’s Find out Here

CommonWealth REIT(NYSE:CWH) shares increased 1.64% to $23.49. The company’s largest investors, activist Keith Meister and Related Cos., on Mar. 15, asked a Maryland state court to void the real estate investment trust’s bylaw amendments that make it difficult for shareholders to replace board members.

Additionally, CWH announced on March 11, said it has begun a registered public offering of 9,950,000 common shares of Government Properties Income Trust, which are currently owned by CWH. If all of these common shares are sold, CWH will no longer own shares of GOVto $665,000,000.

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

Phillips 66 (NYSE:PSX) shares gained 1.52% to $66.02. The company’s Wood River refinery in Illinois returned a crude unit to full rates after completing planned work, a person familiar with the turnaround said today. The refinery’s 120,000-barrel-a-day crude distillation unit, which had been shut, is running at capacity, said the person, who asked not to be identified because the information isn’t public. A 150,000-barrel-a-day unit is operating at 50 percent of capacity and will return to full rates in the next seven days, the person said.

Should PSX Buy PSX After The Recent Movement? Let’s Find out Here

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) shares gained 1.67% to $20.67. The company, on Mar. 15, announced that its subsidiary, Melco Crown (Philippines) Resorts Corporation ("Melco Crown Philippines"), a company listed on the Philippine Stock Exchange today held an Officiating Ceremony to inaugurate MCE Leisure (Philippines) Corporation ("MCE Leisure")'s alliance with SM Group'sBelle Corporation, and to announce MCE Leisure's integrated resort development in Entertainment City, Manila. MCE Leisure is a subsidiary of the Company and an affiliate of Melco Crown Philippines.

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

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