At least four analysts have issued price-target cuts on the stock this weekMedical supply distributor Henry Schein, Inc. (NASDAQ:HSIC) has taken a beating from analysts this week, with Baird, J.P. Morgan Securities, UBS, and RBC all issuing price-target cuts. The equity has managed to stay afloat, though, and is pacing to end the week with a nearly 6% gain. However, ahead of earnings next week, H...Read More
A sense of disappointment was felt across financial markets today after high-level trade talks between the US and China ended with no immediate announcement from either side. Although US Treasury Secretary Steven Mnuchin said the negotiations were ‘productive’, the amount of progress made remained unclear and this uncertainty was reflected across global equity markets. Asian shares clo...Read More
Oil prices are higher today, tooThe Dow Jones Industrial Average (DJI) is roaring into the weekend, up over 300 points at midday and on track for its eighth straight weekly win, its longest streak since late 2017. Fueling today's gains is reported trade talk progress between the U.S. and China. And at a press conference declaring a national emergency for border wall funding, President Donald Trum...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard future ups...Read More
The shares pulled back this week on news of a Levi Strauss IPOThe shares of Abercrombie & Fitch Co. (NYSE:ANF) have been climbing higher since their Dec. 24 low at $16.65, and topped out at $22.67 earlier this week. The retail stock pulled back from this short-term peak on Tuesday following news denim company Levi Strauss filed for an initial public offering. ANF is now trading near a trendline th...Read More
Performance during the Great Recession and the Greek sovereign debt crisis.Is the euro on the brink of collapse?What are the implications for the gold market?The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today's article about the development of the Eurozone in the last 20 years...Read More
Trading at 35% discount to value of marketable securities.Three active partner-funded joint ventures provide free upside.No value currently assigned to 2.5-4% sliding NSR @ Cheechoo.Golden Valley Mines (OTCQB:GLVMF) Featured In: July 2018 Average Cost per Share: C$0.27 Current Market Price (Feb 12, 2019): C$0.34 Golden Valley Mines was the featured investment in our most recent semi-annual letter...Read More
The company reported worse-than-expected per-share earningsThe shares of Deere & Company (NYSE:DE) are down in early trading, after the company announced fiscal first-quarter earnings that fell short of analysts' expectations.The tractor concern blamed the rising costs of raw materials and logistics, due to the U.S.-China trade war. After briefly turning higher earlier, DE stock was last seen 0.8%...Read More
* Gold prices in India trading near record levels* Yen-denominated gold climbs to 1-year peak* China premiums ease to $7-$10/ozA rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres as markets gradually return from the Lunar New Year holidays.In India, gold traded around 34,400 rupees per 10 grams, not far...Read More
Berkshire Hathaway trimmed its stake in the tech giant in the fourth quarterThe shares of Apple Inc. (NASDAQ:AAPL) are modestly higher in early trading, even after a Securities and Exchange Commission (SEC) filing revealed Warren Buffett's Berkshire Hathaway (BRK.A) trimmed its stake in the tech giant by 1.1% to 249.6 million shares in the fourth quarter, though none of the selling was at the han...Read More
Options data suggests it could be a bad idea to sell premium on TNDMThe shares of insulin pump maker Tandem Diabetes Care Inc (NASDAQ:TNDM) yesterday notched their second highest close from the past year, adding 6.6% on the day thanks to news that the Food and Drug Administration (FDA) classified the company's t:slim X2 as the first device in the new Alternate Controller Enabled (ACE) category. TN...Read More
Both stocks have had impressive starts to 2019The shares of Aphria Inc (NYSE:APHA) are trading up 6.1% ahead of the bell, after a special review concluded the cannabis company's purchase of LATAM Holdings was sound. The committee also offered suggestions for improvement, including board compensation and adopting a formal strategic planning process.Since bottoming at a record low of $3.75 on Dec. 6...Read More
Relatives of trapped illegal Zimbabwean gold miners on Friday expressed frustration at the slow pace of rescue efforts, saying they were losing hope of finding up to 70 people alive as the government declared the accident a disaster.Rescuers in Battlefields, 175 km (109 miles) west of Harare, had hoped to start bringing the miners out by Friday afternoon but the amount of water in the pits and und...Read More
The DJI is eyeing its eighth straight weekly gainDow Jones Industrial Average (DJI) futures are modestly higher this morning, with the index pacing for an eighth straight weekly win. Ongoing optimism over U.S.-China trade talks is giving the Dow a boost, with another round of negotiations expected in Washington, D.C., next week. And speaking of D.C., President Donald Trump agreed to sign a governm...Read More
FDX stock has gained 14% year-to-date alreadyThe shares of FedEx Corporation (NYSE:FDX) are down 3% in electronic trading, after the company's President and COO David Bronczek unexpectedly stepped down. Bronczek had just been named a director two weeks ago, and will now be replaced by Raj Subramaniam. Credit Suisse weighed in on the shake-up, noting that is creates "more questions than answers."...Read More
A new lithium technology could change the face of lithium production forever.Andrew Carnegie didn't invent the Bessemer converter, but used it to amass an incredible fortune producing steel at lower costs. What one simple machine can do for increasing production and lowering costs is staggering (think of the cotton gin).The lithium industry has been plagued with inefficiency and expensive producti...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
Spot gold was steady at $1,312.56 per ounce as of 0419 GMTSomber U.S. retail sales fanned concerns of slowing economic momentum in the world's largest economy, while an unexpected increase in the number of Americans filing claims for unemployment benefits last week and a second straight monthly decline in producer prices in January dimmed investor sentiment.Published 23 Hours AgoUpdated20 Hours Ag...Read More
Q4 2018 was good for New Gold.The 2019 production guidance is a slight disappointment.The 2019 cost guidance is a big disappointment.New Gold share price will most probably remain below the $1 level for a better part of 2019.After the positive operational results were reported back on January 8, New Gold (NGD) share price improved notably. The new wave of optimism was initiated by 77,202 toz gold...Read More