Orlando, FL -- (SBWIRE) -- 10/30/2013 -- 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 Yamana Gold Inc. (USA)(NYSE:AUY), Masco Corporation (NYSE:MAS).
Yamana Gold Inc. (USA)(NYSE:AUY) shares declined 4.60% to $9.75. The company on Oct. 29 reported a 28 percent fall in third-quarter profit due to weaker metals prices and lower earnings from the company's stake in the Alumbrera mine in Argentina.
The company reported a net profit of $43.5 million, or 6 cents a share, in the third quarter compared with $60.0 million, or 8 cents a share, in the same year-ago period. Adjusted earnings came in at $69.5 million, or 9 cents per share, down from $177.6 million or 24 cents a share a year ago, but slightly ahead of analysts' expectations of 8 cents a share. Yamana's average realized gold price for the quarter was $1,332 per ounce, down from $1,680 an ounce a year earlier. Gold prices are down 20 percent this year, and on Tuesday were last at $1,343.56.
The company cut its 2013 production forecast in July to between 1.32 million and 1.37 million gold equivalent ounces (GEO) from a previous forecast of 1.44 million ounces. Yamana defines gold equivalent ounces as gold plus the gold equivalent of silver using a ratio of 50:1.
Are investors worried about the recent updates with AUY? Find out with a free trend analysis HERE
Masco Corporation (NYSE:MAS) shares increased 2.63% to $21.47. The company on Oct. 28 said that new home construction helped increase its fiscal third-quarter net income several times over to beat market expectations. The company earned $103 million, or 29 cents per share, for the quarter that ended Sept. 30. That is up from $15 million, or 4 cents per share, earned in the same quarter last year. It earned 27 cents per share when excluding one-time items. Its revenue increased 12 percent to $2.15 billion. Analysts polled by FactSet were expecting earnings of 25 cents per share on revenue of $2.1 billion.
Is MAS going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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