B.C.'s biggest mining mergers and acquisitions (M&As) in 2018 doubled in value to $9.5 billion compared with $4.6 billion in 2017, which was the second-lowest-valued year for M&As since 2013.Despite the impressive growth in 2018, the annual value of B.C.'s mining M&As still has a long way to go to reach the 2015 high of $10.4 billion. In recent years, the average mining M&A deal value has grown fa...Read More
Even as global growth fears stir, Goldman Sachs expects solar to be strong in several international marketsFirst Solar, Inc. (NASDAQ:FSLR) continues to move higher in 2019, now up almost 29% to test the $55 mark, equivalent to a 33% decline from its 52-week high of $81.72 from April. FSLR shares earlier topped out at a roughly eight-month high of $55.62, extending a run above their 200-day moving...Read More
On March 14 the Mining Association of Canada released the latest edition of its annual Facts & Figures report that provides a comprehensive overview of the trends affecting Canada's mining sector. It contains the unwanted truth that this country's competitiveness continues to erode.Canada is losing its ability to seize new opportunities for growth and it is essential the federal and provincial gov...Read More
Toronto-based Metals Creek Resources is passing along the latest drill results from its Garrison gold project 35 km northwest of Kirkland Lake. The property has two distinct anomalies - the 1,000-metre long Southern anomaly that has historic drilling results and the 600-metre long Northern anomaly that has not been tested.Two holes last year targeted the Southern anomaly. The first hole had no sig...Read More
Gold futures pulled back below the $1,300-an-ounce level on Thursday, giving up their highest levels of the month, as the U.S. dollar regained its footing and investors appeared to shrug off political turmoil in the U.K. surrounding the country's preparations for exiting from the European Union. Gold for April delivery GCJ9, +0.56% on Comex fell $14.20, or 1.1%, to settle at $1,295.10 an ounce....Read More
Gold futures pulled back below the $1,300-an-ounce level on Thursday, giving up their highest levels of the month, as the U.S. dollar regained its footing and investors appeared to shrug off political turmoil in the U.K. surrounding the country's preparations for exiting from the European Union. Gold for April delivery GCJ9, +0.56% on Comex fell $14.20, or 1.1%, to settle at $1,295.10 an ounce....Read More
Options volume has ramped up on PLUG and SMSI The Dow has explored both sides of breakeven today, as investors digest the latest housing data. But three penny stocks making sizable moves today are healthcare firm Atossa Genetics Inc (NASDAQ:ATOS), alternative energy name Plug Power Inc (NASDAQ:PLUG), and software concern Smith Micro Software Inc (NASDAQ:SMSI). Here's a quick look at what's got th...Read More
The activity may not be bearish, thoughWageWorks Inc (NYSE:WAGE) stock is trading at the top of the New York Stock Exchange (NYSE) today, up 29.5% at $38.69, on news the flexible benefits provider will file the bulk of its delayed financial reports with the Securities and Exchange Commission (SEC) by the evening of Tuesday, March 19. The company's fiscal 2018 report will still be delayed.WAGE stoc...Read More
After four straight months of inflows, holdings in global gold-backed ETFs and similar products fell in February by 33 tonnes to 2,479t, equivalent to $1.3 billion in outflows, and gold trading volumes decreased 5% below the 2018 averages to $104 billion per day, according to data from the World Gold Council (WGC).However, global gold-backed ETF flows remain positive on the year ($1.7 billion) on...Read More
AMBA has rallied 46% from its Nov. 20 lowGoPro (GPRO) supplier Ambarella Inc (NASDAQ:AMBA) has been climbing higher on the charts, now up 46% from its Nov. 20 four-year low of $30. However, one technical signalindicates AMBA's upside momentum could cool off in the near future.At last glance, Ambarella stock was trading flat, just above $43.80. Digging deeper, AMBA is now trading within one standar...Read More
The shares could extend their quest for record highsTax-preparation software maker Intuit Inc. (NASDAQ:INTU) is flirting with record highs again today, peaking at $256.45 earlier. The security has been a beast so far in 2019, rallying more than 30% and outperforming the S&P 500 Index (SPX) by nearly 17 percentage points in the past 60 sessions, guided higher atop its 10-day and 20-day moving avera...Read More
• Rebounding US bond yields triggered the initial leg of the downfall. • A goodish pickup in the USD demand adds to the bearish pressure. • Technical selling below $1300 mark intensifies the intraday slide. Gold remained heavily offered through the early North-American session and tumbled to fresh daily lows in the last hour.&nb...Read More
The brokerage firm highlighted "execution issues and funding risks"The shares of Summit Midstream Partners LP (NYSE:SMLP) have slumped 4.6% to trade at $9.62 -- fresh off a record low of $9.28 -- after Credit Suisse double-downgraded the energy stock to "underperform" from "outperform," and slashed its price target to $9 from $15. The brokerage firm said the company's fourth-quarter earnings repor...Read More
Subscribers just won big with the April 87.50 callSubscribers to Schaeffer's Weekend Trader Series service doubled their money with the Procter & Gamble Co (NYSE:PG) April 87.50 call. Here's a quick look at why we expected a big upside move from the Dow stock, and how the profitable options trade unfolded.When we entered the position on Monday, Jan. 7, PG was fresh off a then-record high of $96...Read More
A lucrative retirement package for the chairman of Goldcorp Inc. is raising the hackles of investors ahead of a key vote on the company's planned merger with Newmont Mining Corp.Ian Telfer's retirement allowance will rise to roughly $12 million from $4.5 million if the miners merge, according to a regulatory filing from Vancouver-based Goldcorp, once the world's largest gold miner by market value....Read More
Stocks extended their uptrend on Wednesday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index was the highest since the early October yesterday. But will the rally continue despite some short-term technical overbought conditions?The U.S. stock market indexes gained 0.6-0.7% on Wednesday, as investors' sentiment remained bullish. The S&P 500 index ret...Read More
In the aftermath of the joint venture agreement with Newmont Mining Corp. earlier this week, Barrick Gold Corp. has taken steps to revise its production guidance for 2019. Executive chairman John Thornton and CEO Mark Bristow are currently travelling to update shareholders on the company's post JV operations."Barrick's merger with Randgold Resources Ltd. created 'significant value' for shareholder...Read More
Leagold Mining produced 302,550 oz. gold in 2018 from its four operating mines at C$974 all-in sustaining costs (AISC) for a $83.2 million AISC margin.The company brought in $376.5 million in revenue for a net income of $15.2 million, up from a $7.5 million net loss the year before.The company brought in $376.5 million in revenue for a net income of $15.2 million, up from a $7.5 million net loss t...Read More
A drill program last year to validate historic resources at Reunion Gold 's Nivre deposit in French Guiana has resulted in a 43-101 resource that is similar to its counterpart reported in 1998.The Nivre deposit contains 18.9 million indicated tonnes grading 1.09 grams gold per tonne for 665,000 ounces of gold and 26 million inferred tonnes grading 1.06 grams gold for 883,000 ounces of gold.The Dor...Read More
Jefferies initiated coverage with a "buy" rating and a $15 price target -- nearly double the stock's current levelsJefferies just initiated coverage of Kala Pharmaceuticals Inc (NASDAQ:KALA) with a "buy" rating and a $15 price target.In response, the shares of KALA are up 1% at $8.13, trying to battle back after an ugly 2018. KALA stock is coming off it's Dec. 24 all-time-low of $4.03 -- now up 6...Read More