The overall market looks pretty good this afternoon. A handful of gold stocks are showing significant gains in the afternoon trading session. Eldorado Gold Corporation (NYSE:EGO) is currently up almost 6% at $3.08. Eldorado Gold opened at $2.94 and went to a high of $3.17. RBC Capital Markets has a rating of Outperform with a price target between $5.50 and $6.50. Eldorado Gold Corporation (NYSE:EGO) is trading under average volume today.
Kinross Gold Corporation (NYSE:KGC) is trading up at $1.71 gaining almost 6%. KGC opened up at $1,61 close to it’s 52 week low $1.35. UBS recently upgrading Kinross Gold Corporation (NYSE:KGC) to a neutral buy with a target of $3. Trading volume is currently at 8,375,000 share. The chart seems to be trending up and pointing to a rebound.
Primero Mining Corp. (NYSE: PPP) is up 4% this afternoon. The stock opened at $2.25 and has high a hit of $2.36 on 321,758 shares which is below average trading volume. Recently RBC Capital Markets put a rating of outperform with a price target between $8.50 and $9 dollars per share on Primero Mining Corp. (NYSE: PPP).
Expect to see more gold stocks trending up in the near future. Don’t forget to take a look at the micro-cap markets for for good under valued gold exploration stocks.
This week we have started to track Walker Lane Exploration, Inc. (OTCMKT:WKLN), the Carson City-based exploration company, has been quiet since June when it announced the results of a sampling program conducted on its Pyramid property located just north of Reno. Founding geologist, Steven Jones, recently resigned as vice president of geology and Chief Executive Officer, implying that a new management team would be stepping in to lead the company into the new year. With the 10-K filing due at the end of October, investors appear to believe new management is just what is needed as Walker Lane Exploration, Inc. (OTCMKT:WKLN) shares have been on the rise since last week, though trading volume remains thin.