Not all of the analyst attention was bullish, thoughMicron Technology, Inc. (NASDAQ:MU) stock is up 7.5% to trade at $43.13, after the chipmaker reported a fiscal second-quarter earnings and revenue beat. However, while the company expects a memory chip recovery later this year, its current-quarter sales forecast came in lower than expected. Despite the upward price action, the analyst reaction ha...Read More
Philippine nickel producer DMCI Mining Corp, a unit of conglomerate DMCI Holdings Inc, on Thursday said it expected 2019 to be a tough year, with one of its two mines still suspended and its inventory almost depleted.DMCI's mines, operated by subsidiaries Berong Nickel Corp and Zambales Diversified Metals Corp, were among those ordered shut in 2016 when the government launched an industry-wide cra...Read More
There's room for more upbeat analyst attention, thoughIt's been an outstanding run for Apple Inc. (NASDAQ:AAPL) stock, with the shares nabbing positive closes in eight of the last nine sessions. AAPL is poised for another daily gain -- up 1.9% to trade at $191.79, the best Dow stock so far -- after more bullish analysts chimed in on the FAANG stock as buzz around the Apple video streaming service...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Australian developer Jervois Mining said on Thursday it expects to have chosen by year-end a joint venture partner to help develop its nickel-cobalt battery materials project in New South Wales state.Jervois, whose management is made up of ex-Glencore executives, is developing the Nico Young deposit in southeastern Australia ahead of an expected boom in demand for the metals used in rechargeable b...Read More
Vancouver, BC - World Class Extractions Inc. ("World Class") (CSE: PUMP) and Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron") are pleased to announce that they have entered into a binding letter of intent (the "LOI") to proceed with a business combination by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which World...Read More
The Olive Garden parent reported a third-quarter earnings and revenue beatThe shares ofDarden Restaurants Inc (NYSE:DRI) are up 4.1% at $113.05 in early trading after this morning's fiscal third-quarter earnings report exceeded analysts' expectations on the top and bottom line. The company also lifted its full-year profit guidance. CEO Gene Lee cited strong sales in its Olive Garden and Longhorn...Read More
President Trump has said China tariffs could remain in place for a "substantial period of time"Dow Jones Industrial Average (DJI) futures are pointed sharply lower this morning, after Wednesday's Fed announcement sparked concern over a slowing global economy. U.S.-China trade uncertainty is also keeping markets on edge, after President Donald Trump said yesterday tariffs on Chinese goods could re...Read More
Yesterday was SCS' worst day in more than 3 yearsOffice furniture firm Steelcase Inc. (NYSE:SCS) saw its stock price crash 13.6% Wednesday, its worst single-day performance in over three years, after the company issued a cautious guidance due to slowing growth in international markets, which could eat into margins. However, analysts at Raymond James felt that Steelcase's fourth-quarter results wer...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...Read More
Dear Fellow Star-Gazers, Happy Full Moon and Happy Equinox! That these celestial events coincide is significant: indicating an emotional change of seasons and craving for fresh direction. Chiron conjoins the Sun within twenty four hours of the Equinox: a coincidence that suggested that this was going to be an important period for the world, - with crisis and chaos likely to be much-used...Read More
Brazil's Vale (NYSE:VALE) has halted operations at the Alegria iron mine in the Mariana complex of Minas Gerais state, which may remove up to 10 million tonnes of iron ore a year from the market.The preventive measure, said the world's top iron ore producer, was taken after a stress test failed to guarantee stability of the mine's structures. Vale noted it would restart production when new studies...Read More
Secova Metals (TSXV: SEK) acquired 100% interest this week in 3,809 hectares of vanadium mineral claims located in three land packages in the eastern Canadian province of Quebec."CIBC Mellon has estimated that there will be $35 trillion dollars of global infrastructure projects starting over the next 20 years, which will spark big demand for vanadium"In a press release, the Vancouver-based miner s...Read More
(Adds details, quotes)By Saikat ChatterjeeLONDON, March 21 (Reuters) - The pound plunged on Thursdayand was heading for its biggest one-day fall this year ongrowing fears of a "no-deal" Brexit should British lawmakershold firm in their rejection of Prime Minister Theresa May's EUdivorce deal.While a broad-based rally in the dollar also weighed on thepound, traders said the risks of a no-...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
Beauce Gold Fields (TSX: BGF) announced this week that it is testing a new Russian technology at Quebec's Rang St-Gustave Road in St-Simon-les-Mines.In detail, the miner is conducting a high resolution mobile electromagnetic or TDEM survey that measures electrical chargeability and electrical conductivity at a horizontal resolution of 15cm. In a press release, Beauce Gold said the system also allo...Read More
* FTSE 100 up 0.9 pct * FTSE 250 down 0.2 pct * Exporter stocks boosted by weak pound * Miners, oil stocks also among top boosts* Next sheds early losses to end up after results * Renishaw, IG Group slip after results (Adds company news items, updates closing prices throughout)By Shashwat Awasthi and Yadarisa ShabongMarch 21 (Reuters) - Britain's FTSE 100 jumped to itshighest level in five-and-a-h...Read More