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Nasdaq, S&P 500 Futures Build On Inflation-Data Momentum But Analyst Warn 'Desperately Craved' Rally May Not Sustain — Key Stocks To Watch Today
Friday, November 11, 2022 - 6:52am | 1138Read More...Trading in the U.S. index futures points to the buying momentum extending into the final session of the week. The market may turn to the University Of Michigan's consumer sentiment report for trading cues, although profit-taking could take some sheen off the rally. Thursday, the major averages...
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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...
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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...
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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 (...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Why do rare earth stocks matter?
Thursday, December 30, 2010 - 3:24pm | 396Read More...By now, we've all heard China's cutting exports on heavy rare earths by 35 percent during the first half of 2011. Why should we care? Why do rare earth stocks matter? They matter because they're increasingly used in the high-tech gadgetry that American consumers demand; from flat panel TVs to...
