Why These Are The Hot Three Trending Stocks In News

Denver, CO, 01/22/2014 (Avauncer.com) – Barrick Gold Corporation (USA)(NYSE:ABX) has nominated four new directors to its board to satisfy investors who were beginning to question the independence of the board. This came even after the company announced that its founder Peter Munk was retiring after more than 30 years at the company. ABX is the world’s largest gold producer and like most of its peers, it is troubled by the slump in the bullion market. The $22.42 billion market capped company managed to keep its gains on Tuesday at $2.56 percent having traded above average volume of 14.45 million shares. ABX settled at $19.25 after floating between $18.62 and $19.30 in the day. Barrick Gold Corporation produces and sells gold. It is also engage in such activities as exploration and mine development. The company also has a hand in copper production, a reason why it has been able to wither the slump in the gold market.

Expedia Inc (NASDAQ:EXPE) fell 4.27 percent to $67.67 on Tuesday following reports that the online travel company has lost its ranking on Google Inc (NASDAQ:GOOG) search results. As in, the company doesn’t show up as often on Google for related keywords such as airline, car rental, vacation, hotels and tickets. Experts say that Expedia lost about 25 percent of its search visibility on the largest Internet search platform. This drop in Web visibility was due to Google penalty targeting the company and several other websites over “unnatural links”.  The other affected companies include Rap Genius. Nonetheless, the company is expected to regain its top position on the Internet once the issues are resolved. Perhaps this explains why TheStreet maintains its “buy” rating on the stock, citing multiple strength areas such as attractive valuation, expanding profit margins and robust revenue growth.

Gold Resource Corporation (NYSEMKT:GORO) has announced Tuesday meeting its production target. The company which produces gold and silver announced that it produced approximately 84,835 precious metal gold equivalent ounces, just in-line with its 2013 annual production estimate range. It also emerged that the company has returned more than $92 million to investors in form of monthly dividend since July 2010. GORO offers opportunity for shareholders to convert their cash dividend into gold or silver.

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