Author: Josue Gomez

Capital Gold Co. (NYSE: CGC) Given “Neutral” Rating by Zacks Investment Research Analysts

Jefferies Initiates Coverage on Gold Resource Co. (NASDAQ: GORO)

Zacks Investment Research research analysts reiterated a “neutral” rating for shares of Minefinders Corp. Ltd. (NYSE: MFN) in a research note issued to investors on Tuesday.

Gammon Gold, Inc. (NYSE:GRS) decreased -2.45%, to close at $7.96 and its overall traded volume was 2.08M shares during the last session against its average volume of 1.67M.

Goldcorp Inc. (USA) (NYSE:GG) decreased -1.11%, to close at $44.53 and its overall traded volume was 8.31M shares during the last session against its average volume of 5.42M.

ECU Silver Mining Inc. (TSX: ECU) (“ECU”) and Golden Tag Resources Ltd. (TSX VENTURE: GOG) (“GOG”) are pleased to announce that a Phase 5 program of exploration has been authorized by the 50/50 joint venture (JV) Management Committee on the highly prospective San Diego Property in Durango, Mexico and will commence in the first quarter of 2011. The partners have agreed upon a program of exploration of 10,000 to 15,000 metres of surface diamond drilling with an exploration budget of up to US$3,000,000.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) decreased -4.29%, to close at $39.00 and its overall traded volume was 2.13M shares during the last session against its average volume of 1.21M.

The price of gold went up 25 per cent in 2010, driven by fears of declining currency value.

That should be good news for investors. However, many large gold stocks didn’t enjoy similar gains.

Kimber Resources, Inc. (AMEX:KBX) decreased -0.75%, to close at $1.32 and its overall traded volume was 264,220.00 shares during the last session against its average volume of 232,603.00.

Capital Gold Corporation (AMEX:CGC) decreased -4.39%, to close at $5.01 and its overall traded volume was 457,480.00 shares during the last session against its average volume of 468,703.00.