Wells Fargo said the firm will struggle to overcome liquidity problemsShares of Dynagas LNG Partners LP (NYSE:DLNG) plunged 8.4% last Wednesday, April 18, after the energy transportation company cut its quarterly dividend in order to generate long-term cash flow. Today, however, Wells Fargo downgraded DLNG stock to "underperform" from "market perform," and slashed its price target to $6 from $13,...Read More
Mr. Stephen Nano reports MIRASOL REPORTS START OF US$ 750,000 EXPLORATION PROGRAM AT THE ZEUS GOLD PROJECT WITH NEWCREST MININGMirasol Resources Ltd. and Newcrest Mining have initiated a $750,000 (U.S.) surface exploration program at the Zeus project to explore for a large high-sulphidation epithermal (HSE) gold deposit within the prospective Mio-Pliocene age belt of Northern Chile. Zeus comprises...Read More
Mr. Stephen Nano reports MIRASOL REPORTS START OF US$ 750,000 EXPLORATION PROGRAM AT THE ZEUS GOLD PROJECT WITH NEWCREST MININGMirasol Resources Ltd. and Newcrest Mining have initiated a $750,000 (U.S.) surface exploration program at the Zeus project to explore for a large high-sulphidation epithermal (HSE) gold deposit within the prospective Mio-Pliocene age belt of Northern Chile. Zeus comprises...Read More
(Kitco News) - Gold prices are trading moderately up and near their sessionhighs in late-morning action Tuesday. The yellow metal has advanced as the U.S. dollar index has weakened and is trading near its dailylow. Meantime, the U.S. stock indexes have also come down from their dailyhighs, which is mildly supportive for the safe-haven gold and silver markets. June gold was last up $7.40 an ounce a...Read More
Downgrades could start rolling in for the biotechsThe shares of drugmakers Incyte Corporation (NASDAQ:INCY) and Epizyme Inc (NASDAQ:EPZM) are getting crushed this morning, as the stocks react toFood and Drug Administration (FDA) buzz. What's more, analysts are cutting their price targets on INCY and EPZM stocks -- both of which could be vulnerable to additional bearish brokerage attention. INCY St...Read More
OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau said on Tuesday the deadly van attack in Toronto on Monday had not changed the country's threat level or security preparations for a G7 summit in Quebec in June, adding that Canadians must not live in fear.Speaking to reporters outside of parliament, Trudeau said it would take time before the motives of the attacker were understood, but tha...Read More
HAVANA, April 24 (Reuters) - Cuba forecasts nickel plus cobalt sulfide production will exceed 50,000 tonnes this year even as prices rise, the head of the country's state monopoly Cubaniquel was quoted by local media as stating on Tuesday.Nickel is one of the cash-strapped Communist-run country's most important exports, but revenue from it has suffered in recent years due to a decline in productio...Read More
The stock could not take advantage of a short squeeze in 2017Since early August, shares of satellite TV provider Dish Network Corp (NASDAQ:DISH) have experienced a sharp downtrend. The stock is already down roughly 22% in 2018, and historical data suggests the recent encounter with the 40-day moving average could be a bearish signal, too. While this technical outlook alone could warrant the attent...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Goldprices were unfazed Tuesday by news that sales of new U.S. single-family homesrose by 4% in March to a seasonally adjusted and annualized pace of 694,000.Consensusestimates compiled by various news organizations called for sales to be around630,000. The Commerce Department revised sales for February to 667,000 f...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold prices were unfazed Tuesday by news that sales of new U.S. single-family homes rose by 4% in March to a seasonally adjusted and annualized pace of 694,000.Consensus estimates compiled by various news organizations called for sales to be around 630,000. The Commerce Department revised sales for February to 667,0...Read More
MUNICH (Reuters) - A lawyer for a member of a neo-Nazi gang accused of murdering 10 people more than a decade ago urged judges on Tuesday to dismiss accusations by German prosecutors that she was an accomplice in the crimes.Prosecutors last year asked the court in Munich to convict Beate Zschaepe and sentence her to life imprisonment for the murders by the National Socialist Underground (NSU) grou...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold held onto its earliergains after a Conference Board report Tuesday showing that the U.S. consumerconfidence index rose to 128.7 in April from a revised 127.0 in March.Consensus expectationsfrom most news organizations called for the confidence reading to be around 125.9to 126.1.As of 10:22 a.m. EDT, Comex June...Read More
LONDON (Reuters) - Inflation expectations among people in Britain for the year ahead remained unchanged at 2.4 percent in April, according to a survey published by financial services firm Citi and polling firm YouGov.Expectations for annual inflation five to 10 years ahead rose to 3.1 percent in April, up from 3.0 percent, interrupting a recent series of small declines, Citi said.“With both...Read More
Third Federal CEO Says Mortgage Market 'Going Gangbusters'U.S. new-home sales increased in March to a four- month high, mainly reflecting a surge in the West, and upward revisions to prior months showed stronger first-quarter demand than previously estimated, according to government data released Tuesday.Highlights of New-Home Sales (March)Single-family home sales rose 4% m/m to a 694k annualized...Read More
HD stock recently pulled back to a supportive trendlineHome improvement stocks Home Depot Inc (NYSE:HD) and Lowe's Companies, Inc. (NYSE:LOW) are both trading higher this morning, after Wells Fargo initiated coverage with an "outperform" rating, and set its price targets on the retail stocks to $205 and $100, respectively. The brokerage firm believes broad macroeconomic factors will be a boon...Read More
GRUB premium buyers have been consistently rewarded over the past 12 monthsGrubHub Inc (NYSE:GRUB) stock is trading higher, after D.A. Davidson raised its price target to $100 from $80. This comes just after the Sohn Conference kick-off, where Li Ran from Half Sky Capital said that GrubHub "is the leading online food delivery platform in the U.S.," and waxed optimistic on the firm's North American...Read More
DAKAR, April 24 (Reuters) - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. It sa...Read More
DAKAR, April 24 (Reuters) - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. It sa...Read More
SANTIAGO, April 24 (Reuters) - The union of workers at BHP's Escondida copper mine in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June.The union accepted an offer to begin early negotiations with the Anglo-Australian miner in Marc...Read More
LONDON (Reuters) - World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in benchmark U.S. bond yields towards 3 percent stalled, while oil prices stretched to fresh highs above $75 a barrel.U.S. stock futures pointed to a firm open on Wall Street ESc1 1YMc1, although European shares were mixed with stock markets in London...Read More