Gold and Silver Mining Stocks To Watch: January 30, 2012

At AimHighProfits, we track the price of Gold and 20 of the Top Gold and Silver Mining Stocks as well as two of the most promoted junior mining penny stocks in the stock market today.

When you see a gold stock or silver stock that’s above the 50 and/or 200 Day moving average and/or hitting new 52-week highs, it most often indicates that the uptrend is very strong and the buyers are in full control. Quite the opposite for any stocks setting new 52-week lows. Day traders, Swing Traders and Momentum traders always look at the 52-week high lists in search of new trading ideas. However, bear in mind that new 52-week highs can also mean that the stock has run up too far and fast and/or is overbought.

Gold’s quest to top $2,000.00 is getting closer by the day. The price of gold is roaring its way back from its temporary correction leaving the Bears “out in the cold.” Just one month ago, Gold’s price per ounce fell to $1,525 and has since risen an incredible $210 to $1,735. 15%, just like that.

Gold is expected to reach $2,000 before the end of 2012. Watch here for an interview this week with one of the stock markets Top Gold Traders.

The following are the prices and fundamentals of 20 of the Top Gold and Silver Mining Stocks and the 2 of the most promoted junior mining penny stocks in the stock market today. Many of them are “hidden gems” in that they are bouncing around near the bottom of their 52-week price range. Investors tend to forget that Gold and Silver mining is somewhat seasonal and during the cold winter months like January, production can be slowed a bit.

When you look at the key financial statistics, you can see a company that’s well worth “walking over and picking up.”

Gold and Silver Mining Stocks To Watch

AngloGold Ashanti Ltd. (NYSE: AU)

AU closing price for Friday, January 27, 2012 was $46.24.
AU has a 52-week high of $51.69 and a 52-week low of $38.97.
AU has a 1-Yr Target Price of $76.00 with a Market Cap of $89.33B.

AngloGold Ashanti Limited is engaged in the mining, extraction and production of gold in South Africa and internationally.

Barrick Gold Corporation (NYSE: ABX)

ABX closing price for Friday, January 27, 2012 was $49.51.
ABX has a 52-week high of $55.95 and a 52-week low of $42.50.
ABX has a 1-Yr Target Price of $67.14 with a Market Cap of $49.50B.

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities such as exploration and mine development.

Goldcorp, Inc. (NYSE: GG)

GG closing price for Friday, January 27, 2012 was $49.24.
GG has a 52-week high of $56.31 and a 52-week low of $39.93.
GG has a 1-Yr Target Price of $66.43 with a Market Cap of $39.87B.

Goldcorp, Inc. is engaged in the acquisition, exploration, development and operation of precious metal properties. It continues to investigate and negotiate the acquisition of additional precious metal mining properties or interests in such properties.

Kinross Gold Corporation (NYSE: KGC)

KGC closing price for Friday, January 27, 2012 was $11.66.
KGC has a 52-week high of $18.25 and a 52-week low of $9.96.
KGC has a 1-Yr Target Price of $16.64 with a Market Cap of $13.26B.

Kinross Gold Corporation is mainly engaged in the mining and processing of gold and, as a by-product, silver ore and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation and worldwide.

Yamana Gold Inc. (NYSE: AUY)

AUY closing price for Friday, January 27, 2012 was $17.33.
AUY has a 52-week high of $17.82 and a 52-week low of $11.10.
AUY has a 1-Yr Target Price of $19.99 with a Market Cap of $12.92B.

Yamana Gold Inc. is a gold producer with significant gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.

Gold Fields Ltd. (NYSE: GFI)

GFI closing price for Friday, January 27, 2012 was $16.92.
GFI has a 52-week high of $18.70 and a 52-week low of $13.62.
GFI has a 1-Yr Target Price of $15.80 with a Market Cap of $12.24B.

Gold Fields Limited is engaged in gold mining and related activities, including exploration, extraction, processing and smelting.

Silver Wheaton Corp. (NYSE: SLW)

SLW closing price for Friday, January 27, 2012 was $35.70.
SLW has a 52-week high of $47.60 and a 52-week low of $25.84.
SLW has a 1-Yr Target Price of $48.10 with a Market Cap of $12.62B.

Silver Wheaton Corp. operates as a silver streaming company worldwide. The company has 14 long-term silver purchase agreements and 2 long-term precious metal purchase agreements whereby it acquires silver and gold production from the counterparties located in Mexico, the United States, Canada, Greece, Sweden, Peru, Chile, Argentina, and Portugal.

Randgold Resources Limited (NASDAQ: GOLD)

GOLD closing price for Friday, January 27, 2012 was $114.24.
GOLD has a 52-week high of $120.73 and a 52-week low of $70.18.
GOLD has a 1-Yr Target Price of $128.65 with a Market Cap of $10.46B.

Randgold Resources, Ltd. is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.

Compania de Minas Buenaventura SA (NYSE: BVN)

BVN closing price for Friday, January 27, 2012 was $43.18.
BVN has a 52-week high of $49.45 and a 52-week low of $35.33.
BVN has a 1-Yr Target Price of $48.88 with a Market Cap of $10.99B.

Buenaventura Mining Company Inc. is a precious metal company and is engaged in the exploration, mining and processing of gold, silver and, to a lesser extent, other metals, in Peru.

Eldorado Gold Corp. (NYSE: EGO)

EGO closing price for Friday, January 27, 2012 was $15.05.
EGO has a 52-week high of $22.12 and a 52-week low of $12.84.
EGO has a 1-Yr Target Price of $22.29 with a Market Cap of $8.30B.

Eldorado Gold Corporation, Ltd. is engaged in the production of, development of and exploration for gold. It is also engaged in the acquisition of gold properties and produces gold by mining and processing ore.

IAMGOLD Corp. (NYSE: IAG)

IAG closing price for Friday, January 27, 2012 was $17.04.
IAG has a 52-week high of $23.88 and a 52-week low of $14.69.
IAG has a 1-Yr Target Price of $24.52 with a Market Cap of $6.40B.

Iamgold Corporation is engaged mainly in the exploration for, and the development and production of, mineral resource properties throughout the world.

IAG is uniquely positioned with a strong financial position and extensive management and operational expertise. To grow from this strong base, IAG has a pipeline of development and exploration projects and continues to assess accredited acquisition opportunities.

Harmony Gold Mining Co. Ltd. (NYSE: HMY)

HMY closing price for Friday, January 27, 2012 was $12.17.
HMY has a 52-week high of $15.73 and a 52-week low of $10.50.
HMY has a 1-Yr Target Price of $13.52 with a Market Cap of $5.23B.

Harmony Gold Mining Co Ltd and its subsidiaries are engaged in underground and surface gold mining and related activities, including exploration, extraction and processing.

New Gold, Inc. (NYSE: NGD)

NGD closing price for Friday, January 27, 2012 was $11.67.
NGD has a 52-week high of $14.15 and a 52-week low of $7.95.
NGD has a 1-Yr Target Price of $15.08 with a Market Cap of $5.26B.

New Gold, Inc. is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada, Chile and Brazil.

Allied Nevada Gold Corp. (NYSE: ANV)

ANV closing price for Friday, January 27, 2012 was $37.23.
ANV has a 52-week high of $45.90 and a 52-week low of $25.85.
ANV has a 1-Yr Target Price of $53.15 with a Market Cap of $3.33B.

Allied Nevada Gold Corp is a gold mining company that operates the Hycroft Mine and has a large number of prospective exploration claims in the State of Nevada.

Pan American Silver Corp. (NASDAQ: PAAS)

PAAS closing price for Friday, January 27, 2012 was $23.17.
PAAS has a 52-week high of $43.06 and a 52-week low of $19.93.
PAAS has a 1-Yr Target Price of $33.50 with a Market Cap of $2.45B.

Pan American Silver Corporation is engaged in silver mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation.

Pan American Silver Corporation announced Monday, January 23, 2012, they agreed to acquire Minefinders Corp. in a cash and stock deal valued at $1.49B making them the world’s leader in silver production.

AuRico Gold, Inc. (NYSE: AUQ)

AUQ closing price for Friday, January 27, 2012 was $9.58.
AUQ has a 52-week high of $14.17 and a 52-week low of $7.28.
AUQ has a 1-Yr Target Price of $13.64 with a Market Cap of $2.70B.

AuRico Gold, Inc. is a gold and silver producer with a portfolio of high quality mines and projects in Mexico. Its operating properties include the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State and the El Cubo mine in Guanajuato State.

Hecla Mining Co. (NYSE: HL)

HL closing price for Friday, January 27, 2012 was $5.32.
HL has a 52-week high of $11.08 and a 52-week low of $4.25.
HL has a 1-Yr Target Price of $6.75 with a Market Cap of $1.49B.

Hecla Mining Co. was recently featured here on AimHigProfits.com. For more info on HL, click Hecla Mining Stock To Watch to read more.

Since the feature on Hecla Mining Co. , Lucky Friday mine’s main shaft was closed until end of 2012 due to an incident which occurred in December, 2011. The forecast for Hecla Mining Co. has been reduced considerably for their silver output this year.

Silver Standard Resources, Inc. (NASDAQ: SSRI)

SSRI closing price for Friday, January 27, 2012 was $17.68.
SSRI has a 52-week high of $35.94 and a 52-week low of $12.39.
SSRI has a 1-Yr Target Price of $26.52 with a Market Cap of $1.43B.

Silver Standard Resources, Inc. engages in the exploration, development, and production of mineral resource properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. The company primarily explores for silver, gold, tin, zinc, lead, and copper deposits.

Silver Metals, Inc. (NYSE: SVM)

SVM closing price for Friday, January 27, 2012 was $8.16.
SVM has a 52-week high of $16.32 and a 52-week low of $5.86.
SVM has a 1-Yr Target Price of $11.87 with a Market Cap of $1.39B.

Silver Metals, Inc. engages in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada.

Current Price of Gold: Click Here

Penny Stocks: Gold and Silver Mining Stocks Worth Watching

 

Lone Star Gold, Inc. (OTCBB: LSTG)

LSTG closing price Friday, January 27, 2012 was $0.44, down 2.22% reaching as high as 0.46 during the day.
LSTG traded on volume of 795,299.
LSTG‘s market cap is $51.27M with a share float of 116.52M.
LSTG is down 32.31% year to date.

Lone Star Gold, Inc. is a penny stock trading on the OTCBB. LSTG, an exploration stage company, engages in the acquisition, exploration, and development of gold and other precious metal properties in Mexico and the United States. It holds a 70% interest in the La Candelaria gold-silver project, which comprises 1,976 acres of mining concessions located to southwest of the capital city of Chihuahua state, Mexico.

LSTG is a penny stock to watch with all the attention on gold and talks of an LSTG potential takeover. LSTG is featured in more detail on today’s Good Penny Stock To Buy Now post.

North Springs Resources Corporation (OTCBB: NSRS)

NSRS closing price Friday, January 27, 2012 was $0.705, up 8.13% reaching as high as 0.72 during the day.
NSRS traded on volume of 4,749,200.
NSRS‘s market cap is $490.68M with a share float of 696.00M.
NSRS is up 74.50% year to date.

North Springs Resources Corp is a highly promoted penny stock trading on the OTCBB. NSRS, and their one listed employee, CEO Harry Lappa, claim that they focus on the evaluation, acquisition, exploration, and development of mineral resource properties, primarily precious metal properties in Nevada. In October, 2011, NSRS traded under $0.05.

North Springs has generated zero revenue since its inception in May 2009 and had only $16.00 in the bank on October 31, 2011, according to financial statements filed with the U.S. Securities & Exchange Commission. On its website, North Springs bills itself as a mineral exploration company focused on discovering and advancing precious metal properties in Nevada. Besides the lack of cash, it is hard to see what’s in the portfolio to support the current stock price.

Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett

If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.

Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.

Listed below are a few of the many points each and every penny stock investor needs to discover.

  • Do your own research.
  • Trade Responsibly.
  • Verify everything.
  • Move Fast or Get Left Behind.
  • Do not use market orders to enter a position, use limit orders.
  • Have a System That fits You.
  • If a Stock Gaps Open, Look for Pullbacks to Enter.
  • Plan a Trade and Trade a Plan.
  • Always use stop loss orders to protect yourself.
  • Positive Self- Belief.
  • Keep trading as Part of a Balanced life.
  • If a stock breaks below our alert price GET OUT. Do not wait.
  • View Trading as a Score in Points and Not In Money:
  • Always take your profits whenever you can. Do Not Be Greedy.
  • Work Hard at Learning How to Trade Properly and Keep Working.
  • Do something to make someone else’s life better today.

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