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Citi Might Upgrade Kinross From Neutral If Mine-Life Were To Improve
Tuesday, August 2, 2016 - 11:25am | 301Alexander Hacking of Citi Research initiated coverage of the North American gold sector with an overall Neutral view. The analyst argued that gold appears to be "well supported" at its current level, but investors shouldn't "aggressively chase" the recent run up in gold...
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Kinross Gold Announces Public Equity Offering, Shares Tumble 10%
Thursday, February 25, 2016 - 10:33am | 151Shares of Kinross Gold Corporation (NYSE: KGC) fell more than 10 Thursday morning after the company announced a public equity offering. Kinross stated that it has entered into an agreement with underwriters for a bought deal public equity offering of 83.4 million common shares of its stock at a...
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Gold Miners See Wild Swings In Short Interest (AEM, AU, HMY)
Friday, February 14, 2014 - 8:45am | 969The price of gold swung up and down in late January but was near $1,245 both in the middle of the month and at the end. Short sellers likewise were moving into and out of leading gold stocks during the period. The most significant percentage swings happening to Agnico Eagle Mines (NYSE: AEM),...
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Market Wrap For February 13: Markets Close Higher; Nasdaq on a Six Day Winning Streak
Thursday, February 13, 2014 - 5:50pm | 2839U.S. stocks finished higher on Thursday after a bumpy start to the trading session. “People want to buy the dips now because the market made a bottom after Feb. 3,” Donald Selkin, chief market strategist at National Securities Corp. told Bloomberg. “We got very oversold and now it's believed...
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Earnings Expectations For The Week Of February 10: AIG, Cisco, Deere, PepsiCo And More
Monday, February 10, 2014 - 7:33am | 990The earnings season is winding down. Most of the S&P 500 have reported fourth-quarter results, and the good news is that earnings beats have outnumbered earnings misses. Here is a quick rundown of what analysts expect from some of this week's most prominent quarterly reports. America Movil...
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Short Sellers Flee Randgold, Pile On GoldCorp (GG, KGC, GOLD)
Thursday, January 30, 2014 - 8:33am | 936The price of gold rose from near $1,200 an ounce at the beginning of January to above $1,250 by the middle of the month. Short interest in leading gold stocks was mixed again in the period, with the most significant swings happening to GoldCorp (NYSE: GG), Kinross Gold (NYSE: KGC) and Randgold...
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Short Sellers Flee AngloGold Ashanti and Gold Fields (AU, GFI, AUY)
Tuesday, January 14, 2014 - 9:37am | 918The price of gold fell to less than $1,200 an ounce in December, the low for the year, but began to rise again as the year wound down. Short sellers again seemed to be looking for direction late in the month, as the swings in short interest were strong in many cases but mixed. The number of shares...
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Short Sellers Load Up On GoldCorp, Gold Fields (GFI, GG, HMY)
Friday, December 13, 2013 - 11:56am | 886The price of gold started November around $1,315 but declined to end the month to near $1,250. Short sellers again seemed to be looking for direction late in the month, as the swings in short interest were mixed. The number of shares sold short in GoldCorp (NYSE: GG), Gold Fields (NYSE: GFI) and...
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Gold Short Sellers Seek Direction (AU, NEM, NGD)
Thursday, November 14, 2013 - 3:26pm | 1046The price of gold bottomed in October below $1,270 only to rebound late in the month to more than $1,350. Short sellers seemed to be looking for direction, as the swings in short interest were mixed. The number of shares sold short in AngloGold Ashanti (NYSE: AU) and Newmont Mining (NYSE: NEM)...
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Short Interest In Harmony Gold Resumes Rise (EGO, HMY, KGC)
Saturday, October 26, 2013 - 3:57pm | 1048After fleeing from all the leading gold stocks in the previous period, short sellers found renewed interest in Harmony Gold Mining (NYSE: HMY) between the September 30 and October 15 settlement dates. The number of shares sold short in AngloGold Ashanti (NYSE: AU), New Gold (NYSE: NGD) and...
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Short Sellers Retreat From Gold Stocks (EGO, HMY, IAG)
Saturday, October 12, 2013 - 1:06pm | 985September ended with gold back under $1,300 an ounce, and short sellers fled from the leading gold stocks between the September 13 and September 30 settlement dates. Eldorado Gold (NYSE: EGO), Harmony Gold Mining (NYSE: HMY) and IAMGOLD (NYSE: IAG) saw their short interest plunge more than 60...
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Short Sellers Pile On Gold Fields And Other Gold Stocks (EGO, GFI, HMY)
Thursday, September 26, 2013 - 10:49am | 1035It seems the short sellers still were not through with the leading gold stocks between the August 30 and September 13 settlement dates. They dove in to Eldorado Gold (NYSE: EGO), Gold Fields (NYSE: GFI) and Harmony Gold Mining (NYSE: HMY), pushing short interest up by 75 percent or more. The...
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More Surges in Gold Stock Short Interest (AEM, GG, IAG)
Saturday, September 14, 2013 - 11:48am | 1038It seems the short sellers were not yet through with the leading gold stocks between the August 15 and August 30 settlement dates. They dove in to Agnico Eagle Mines (NYSE: AEM), GoldCorp (NYSE: GG) Harmony Gold Mining (NYSE: HMY), IAMGOLD (NYSE: IAG) and Yamana Gold (NYSE: AUY), pushing short...
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Four Mining and Metals Stocks With Upside Potential (ABX, FCX, KGC, SCCO)
Wednesday, September 11, 2013 - 12:56pm | 866Mining and metals stocks have struggled for quite some time, but Merrill Lynch analysts see upside in potential in the sector based on increasing evidence of global growth. Their top metals and mining picks include Barrick Gold (NYSE: ABX), Freeport-McMoRan Copper & Gold (NYSE: FCX), Kinross...
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Short Interest Swings In Gold Stocks (AU, EGO, RGLD)
Thursday, August 29, 2013 - 7:57am | 997Among leading gold stocks, AngloGold Ashanti (NYSE: AU), Eldorado Gold (NYSE: EGO) and Royal Gold (NASDAQ: RGLD) saw significant upswings in short interest between the July 31 and August 15 settlement dates. However, Agnico-Eagle Mines (NYSE: AEM), Barrick Gold (NYSE: ABX), GoldCorp (NYSE: GG),...