-
Why This Argo Blockchain Analyst Is No Longer Bullish
Tuesday, November 1, 2022 - 12:57pm | 488Read More...The lower price of Bitcoin (CRYPTO: BTC) and increased mining costs have weighed on mining stocks including Argo Blockchain PLC - ADR (NYSE: ARBK). Here's why an analyst downgraded shares until more clarity is reached. The Argo Blockchain Analyst: Canaccord Genuity analyst Joseph...
-
Eureka! Why AMC-Backed Hycroft Mining Is Soaring Tuesday
Tuesday, September 13, 2022 - 1:10pm | 814Read More...Gold and silver exploration company Hycroft Mining Holding Corporation (NASDAQ: HYMC) announced drill results from its 2022-2023 exploration program Tuesday. Here is what the company said and comments from a leading investor in the company. What Happened: The company reported it had higher...
-
Will Tesla Pull An AMC And Invest In Mining Companies? Here's What Elon Musk Suggested
Sunday, April 10, 2022 - 4:30pm | 956Read More...The surging cost of lithium could impact the electric vehicle market as the commodity is a major component for companies like Tesla Inc (NASDAQ: TSLA). Here’s what Tesla CEO Elon Musk is suggesting to help offset the rising price. What Happened: A tweet shared recently from the Twitter Inc (...
-
Despite Commodity And Resources Rally, Metals Pricing Recovery Is Not Immanent
Thursday, May 26, 2016 - 1:53pm | 433Read More...In a sector battling overcapacity, a Wall Street Journal report says miners are not seeing the imminent recovery in commodity prices or resources that rallied through much of this year, and unfortunately, this month's figures headed still lower. A Rally, But No Recovery? "From lows hit as early as...
-
Cliffs Natural Resources Surges 15% Following Q1 Beat
Thursday, April 28, 2016 - 11:10am | 341Read More...Shares of Cliffs Natural Resources Inc (NYSE: CLF) surged higher by more than 17 percent Thursday morning after the company reported its first quarter results. Cliffs Natural Resources said it earned $0.62 per share in the first quarter on revenue of $275 million. Wall Street analysts were...
-
Mining Stocks Boosted Yet Again By FreePort's Timok Sale
Friday, March 4, 2016 - 3:57pm | 173Read More...Mining stocks climbed on Friday after Lundin Mining Corporation (USA) (OTC: LUNMF) agreed to acquire an interest in Freeport-McMoRan Inc (NYSE: FCX)'s Timok project located in Serbia in a transaction worth $262.5 million. On the news, Freeport-McMoRan surged 12 percent to $10.20 and Lundin Mining...
-
Metals And Mining Stocks Booming
Tuesday, March 1, 2016 - 11:47am | 257Read More...Metals and mining stocks surged on Tuesday, partly due to encouraging news out of China that should support commodity prices. China expects to lay off nearly 2 million workers in the coal and steel industries, representing around 15 percent of the total workforce. The country's actions are part of...
-
The 'Elusive' Bottom Might Still Not Be In For Metals & Mining Names
Tuesday, August 18, 2015 - 11:42am | 362Read More...In a new report, Morgan Stanley analyst Paretosh Misra updates the firm’s outlook for metals and mining stocks. Morgan Stanley has once again significantly lowered its price target expectations for the group, but remains bullish on a pair of names at current prices. Finding The Bottom...
-
Is The Mining Industry At A Bottom? No, Says Longbow Research
Tuesday, May 26, 2015 - 4:36pm | 517Read More...Given sluggish steel demand in China, the mining equipment sector won't dig itself out for at least a couple of years, an analyst said Tuesday. Longbow's Eli Lustgarten cut his 2016 earnings estimates on mining equipment makers Caterpillar Inc. (NYSE: CAT) and Joy Global Inc. (NYSE: JOY...
-
Mining on a Major Scale
Friday, March 9, 2012 - 10:45am | 823Read More...By: Roger Conrad, Investing Daily In the fourth quarter, Freeport McMoRan Copper & Gold (NYSE: FCX) spent $1.57 to produce each pound of copper. That was nearly triple its costs from the year-ago period, and more than 50 percent above the average for the year. Management also...
-
Small Cap Gold Stocks Successfully Retest 2010 Breakout
Tuesday, February 28, 2012 - 1:37pm | 693Read More...By Jordan Roy-Byrne, The Daily Gold When one speaks of gold stocks they should be more specific as the sector is diverse. The term Gold stocks usually refers to the large unhedged producers. Indices such as the HUI or GDX track these stocks and are a proxy for the gold stock universe. However,...
-
Centerra Gold's CEO Talks Gold, Mining Outlook in 2012
Monday, February 27, 2012 - 3:03pm | 1256Read More...After Friday's Centerra Gold (TSX: CG) Q4 2011 earnings release, President and CEO Stephen Lang spoke with Benzinga on forward outlook, the price of gold, and company guidance. Centerra Gold reported Q4 2011 earnings of $79.4 million or $0.34 per common share on revenues of $248 million, compared...
-
Year-End Buying Opportunities Abound in Mining Stocks: Louis James
Monday, December 12, 2011 - 4:00am | 3979Read More...The Gold Report: We're now into year-end tax-loss selling season. How do you think 2011 will compare with previous years as far as the performance of resource stocks in the next several weeks and into 2012? Louis James: This should be an interesting year for tax-loss selling. Whether the market's...
-
Why Gold Stocks Have Underperformed and What Lies Ahead
Tuesday, December 6, 2011 - 1:28pm | 1195Read More...Gold is higher by 20% this year but the large cap gold stocks (GDX) are down 6% while the junior gold stocks (ETF) are down 25%. With Gold higher by 20%, we'd normally expect the gold stocks to be up 50% and more. Needless to say 2011 has been a difficult year for gold bugs. Its been a near...
-
Why You Might Want to Look at Buying the Miners
Tuesday, October 11, 2011 - 7:38am | 618Read More...Metals are under selling pressure, but I feel that the selling has been overdone. Use the current weakness to buy, but be careful, as metals are extremely volatile at this time. The reality is that the global climate continues to be favorable for metals given the U.S. deficit and the debt crisis in...
