Orlando, FL -- (SBWIRE) -- 09/06/2013 -- 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 Eldorado Gold Corp (USA)(NYSE:EGO), Seadrill Ltd(NYSE:SDRL).
Eldorado Gold Corp (USA)(NYSE:EGO) shares decreased 5.37% to $8.29. Paul N. Wright, Chief Executive Officer of Eldorado Gold Corporation, on Sept. 5provided a progress report on Eldorado's exploration programs for the first half of 2013. To date this year, 106,500 metres of drilling have been completed at exploration programs in China, Turkey, Brazil, Romania, and Greece. Exploration highlights include: Discovery of two high grade zones of mineralization within the Qinlongtan mining license at Tanjianshan, including drillhole intercepts of 45.0m @ 9.04 g/t Au (QD-303), 22.0m @ 9.80 g/t Au (QD-306), 10.9m @ 17.53 g/t Au (QD-300) and 3.0m @ 17.06 g/t Au (QD-301).
Additionally, the company, on August 2, reported financial and operational results for the second quarter ended June 30, 2013. Profit attributable to shareholders of the Company for the quarter was $43.3 million or $0.06 per share compared to $46.6 million or $0.07 per share for the same quarter in 2012. Gold production of 183,971 ounces at an average cash operating cost of $478 per ounce (Q2 2012 gold production - 140,694 ounces at $480 per ounce).
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Seadrill Ltd(NYSE:SDRL) shares dropped 0.70% to $45.72. Wunderlich Securities analyst Todd P. Scholl on Sept. 4 initiated coverage on Seadrill Ltd. (NYSE: SDRL) with a Buy rating and $54.00 price target. Wunderlich Securities initiated coverage of Seadrill Limited (SDRL) with a Buy rating and a price target of $54, representing a 9x 2015 EV/EBITDA multiple.
Following this acquisition, Seadrill will be the owner of 39,739,547 shares in the Company, corresponding to 66.23% of the total number of outstanding shares in the Company.
Additionally, the company will be trading ex-dividend of a cash dividend of US$0.91 per share on September 5, 2013.
The record date is September 9, 2013, and the dividend will be paid on or about September 20, 2013.
Is SDRL going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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