Recent News

2 Blue Chips Booming on Buyback Buzz

December 18, 2018 / www.schaeffersresearch.com

Both stocks have been struggling in recent weeksBoeing Co (NYSE:BA) said it's boosting its quarterly dividend by 20%, and hiking its share buyback program by $2 billion to $20 billion. In reaction to the news, BA shares are up 4.2% to trade at $329.53, climbing back above their 320-day moving average, which has served as a magnet in recent weeks.The shares of the aerospace giant are still on track...Read More

Portugal sees first lithium licensing tender in 2019, wants refinery

December 18, 2018 / www.mining.com

LISBON, Dec 18 - Portugal expects to launch a tender for lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay.Portugal does not want to be a country that just drills holes in the ground and exports the oresIn September, Joao Galamba's predecessor Jorge Seg...Read More

Troubled Tobacco Stock Dips After Downgrade

December 18, 2018 / www.schaeffersresearch.com

There is ample room for a further shift in sentiment toward PMThe shares of Philip Morris International Inc. (NYSE:PM) are down 1.8% to trade at $79.95, after Credit Suisse downgraded the tobacco name to "underpeform" from "neutral," while slashing its price target to $74 from $92. The analyst in coverage says the company's reliance on heated tobacco products leaves it exposed to significant downs...Read More

Indonesia's Inalum expects to finalise Freeport deal this week - CEO

December 18, 2018 / www.mining.com

JAKARTA, Dec 18 - Indonesia's state-owned miner PT Inalum expects to finalise a deal this week to take majority control of the local unit of global mining giant Freeport McMoRan Inc, the company's chief executive told Reuters on Tuesday.The deal will close "hopefully this week", said Budi Gunadi Sadikin, adding that a conclusion looked "highly likely."Inalum was proposing to sell a 10 percent stak...Read More

Indonesia's Inalum expects to finalise Freeport deal this week - CEO

December 18, 2018 / www.mining.com

JAKARTA, Dec 18 - Indonesia's state-owned miner PT Inalum expects to finalise a deal this week to take majority control of the local unit of global mining giant Freeport McMoRan Inc, the company's chief executive told Reuters on Tuesday.The deal will close "hopefully this week", said Budi Gunadi Sadikin, adding that a conclusion looked "highly likely."Inalum was proposing to sell a 10 percent stak...Read More

Indonesia's Inalum expects to finalise Freeport deal this week - CEO

December 18, 2018 / www.mining.com

JAKARTA, Dec 18 - Indonesia's state-owned miner PT Inalum expects to finalise a deal this week to take majority control of the local unit of global mining giant Freeport McMoRan Inc, the company's chief executive told Reuters on Tuesday.The deal will close "hopefully this week", said Budi Gunadi Sadikin, adding that a conclusion looked "highly likely."Inalum was proposing to sell a 10 percent stak...Read More

Natural Gas ETF Pulls Back to Key Call Strike

December 18, 2018 / www.schaeffersresearch.com

UNG has cooled off quite a bit from its steep November ramp higherWhile stocks were taking a drubbing during the month of November, natural gas futures were in the midst of a high-volatility move of their own -- albeit in the complete opposite direction. The United States Natural Gas Fund (UNG) wrapped up last month on a gain of 39.8%, which marked its biggest monthly advance in a decade (and whic...Read More

Underperforming NCR Stock Named RBC's Top Pick

December 18, 2018 / www.schaeffersresearch.com

NCR shares have been hit hard in recent yearsNCR Corporation (NYSE:NCR) shares have been stuck in a two-year downtrend, falling from an early 2017 peak near $50 to Monday's close of $22.71. In more recent months, the 80- and 120-day moving averages have capped upside advances, and the stock just yesterday hit a nearly two-year low of $22.58. RBC isn't worried, however. The brokerage firm already h...Read More

From gold bars to barring mining, US town awaits extractive ban ruling

December 18, 2018 / www.mining.com

WINTHROP, Washington, Dec 18 (Thomson Reuters Foundation) - Although the wooden boardwalk and turn-of-the-century saloons reflect Winthrop's Old West history as a mining town, residents these days are counting down to a year-end deadline that could see the government ban extraction there for 20 years.Dec. 29 will mark the culmination of a battle by citizens of the Methow Valley, a constellation of...Read More

From gold bars to barring mining, US town awaits extractive ban ruling

December 18, 2018 / www.mining.com

WINTHROP, Washington, Dec 18 (Thomson Reuters Foundation) - Although the wooden boardwalk and turn-of-the-century saloons reflect Winthrop's Old West history as a mining town, residents these days are counting down to a year-end deadline that could see the government ban extraction there for 20 years.Dec. 29 will mark the culmination of a battle by citizens of the Methow Valley, a constellation of...Read More

Stock Futures Rebound as Fed Meeting Begins

December 18, 2018 / www.schaeffersresearch.com

The Fed will kick off its final policy-setting meeting of 2018The stock market appears to be stabilizing following yesterday's sharp sell-off, with Dow Jones Industrial Average (DJI) futures trading above fair value this morning. Today's focus will be on the Fed, which kicks off its final policy meeting of 2018. Fed funds futures are pricing in a 71.5% chance the central bank will raise interest r...Read More

Vedanta's Black Mountain mine the latest to adopt Sandvik innovations

December 18, 2018 / www.mining.com

Vedanta Zinc International (VZI), a subsidiary of London-listed Vedanta Resources (LON:VED), is bringing its Black Mountain Mining (BMM) operations in South Africa up to speed in terms of digital innovations by implementing Sandvik's OptiMine platform.The miner, which expects to boost safety, efficiency and productivity with the solution, said it will commission OptiMine for trucks, loaders and d...Read More

The New "Disruptor" Tech Ready to Boom

December 18, 2018 / www.schaeffersresearch.com

Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More

Pacific Empire expands copper-gold interests in British Columbia

December 18, 2018 / www.mining.com

Pacific Empire Minerals (TSXV: PEMC) announced that it has entered into an option agreement with a group of vendors and consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia, Canada.In a media statement, the prospect generator said that the staked ground was added to its Paragon project, which also includes the company's W...Read More

Pacific Empire expands copper-gold interests in British Columbia

December 18, 2018 / www.mining.com

Pacific Empire Minerals (TSXV: PEMC) announced that it has entered into an option agreement with a group of vendors and consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia, Canada.In a media statement, the prospect generator said that the staked ground was added to its Paragon project, which also includes the company's W...Read More

Pacific Empire expands copper-gold interests in British Columbia

December 18, 2018 / www.mining.com

Pacific Empire Minerals (TSXV: PEMC) announced that it has entered into an option agreement with a group of vendors and consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia, Canada.In a media statement, the prospect generator said that the staked ground was added to its Paragon project, which also includes the company's W...Read More

Australia's top gold miner boosts bet on Ecuador copper project

December 18, 2018 / www.mining.com

Australia's largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the Cascabel copper-gold project in the country's north.The deal further bolsters Newcrest's position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.In September, BHP bought Guyana G...Read More

Australia's top gold miner boosts bet on Ecuador copper project

December 18, 2018 / www.mining.com

Australia's largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the Cascabel copper-gold project in the country's north.The deal further bolsters Newcrest's position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.In September, BHP bought Guyana G...Read More

Australia's top gold miner boosts bet on Ecuador copper project

December 18, 2018 / www.mining.com

Australia's largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the Cascabel copper-gold project in the country's north.The deal further bolsters Newcrest's position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.In September, BHP bought Guyana G...Read More

Jiulian Resources gets permit to drill BC's Big Kidd property

December 18, 2018 / www.mining.com

Jiulian Resources (TSX-V: JLR) announced that it has received a five-year area-based permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources to establish up to 60 drill sites and four kilometres of exploration trail for core drilling on its Big Kidd Property in British Columbia.Big Kidd is a 4,056-hectare property located 25 kilometres east of Merritt. Historic drilling...Read More

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