Gold Stocks to Watch: Tanzanian Royalty Exploration Corp. (US) (NYSEMKT:TRX), AuRico Gold Inc. (NYSE:AUQ)

Posted by Ryan Mandell May 8, 2013 0 Comment 1163 views


Northern, WI 05/08/2013 (GDPInsider) –  Tanzanian Royalty Exploration Corp. (US) (NYSEMKT:TRX) is up 6.82% in trading after starting the day at 2.67. Volume is 166.52K and the stock has a range of 2.61 and 2.77.

Last month Tanzanian Royalty announced that it had seen positive assay results from 23 grab samples from trenches and rock outcrops in a recent exploration visit. The visit was conducted by one of the company’s subsidiaries, North West Base Metals (NWBM). TRX is optimistic that there might be potential Tungsten occurrences in the West Tanzania mining operations held under license by NWBM.

The stock had taken a tumble from gains recorded mid-March 2013 and is still down 18.65% on its 50-day simple moving average. TRX is also down 4.93% on its 20-day simple moving average; however, the stock is trading up on its 52-week low of 2.42 by 14.05%. EPS this year is expected to grow by 25.11% and if the Tungsten lead grows into something fruitful, investors may be in for some gains. TRX has a RSI of 40.28.

Is TRX a solid investment at these levels? Get exclusive data and trends here.

AuRico Gold Inc. (NYSE:AUQ) is up 3.76% having started the day’s trading at 4.83. The stock has a range of 4.80 and 4.99 and previously closed at 4.99. AUQ has faced considerable headwinds in recent months and is still looking to recover from the huge drop-off which started mid-March 2013. At that time the stock was trading above the 6.50 price mark. The recovery has been slow and AUQ is still down 1.44% on its 20-day simple moving average and 14.33% on its 50-day simple moving average.

Investors can take positive signals from a RSI of 41.80 which suggests that the stock is neither oversold nor overbought. Analysts have set a target price of 8.07 and the company has a forward P/E of 12.61. AuRico has suffered from the depressed prices in the gold market as well as slight turbulence at the executive level. The company has issued guidance that suggests that things could turn around if things go to plan at its new flagship Young-Davison mine. This new operation is expected to help AuRico bring its costs of production down.

How Should Investors Trade AUQ Now? Get exclusive insights and updates here.

 

 

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About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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