More COVID-19 cases were reported in China overnightThe Dow stumbled into the weekend with an 227-point loss. The blue-chip index breached the 29,000 level amid resurfacing coronavirus fears, after over 800 new cases were reported overnight in China. The S&P 500 and tech-rich Nasdaq also finished sharply lower, with FAANG stocks and the chip sector among the day's notable laggards. All three bench...Read More

"A very good video all about the #Juniormining space (the best content starts at 4min)...what to ask, what to watch, what kind of company is best to invest in... Royalty? Prospecting?#MustSee#MomentumStockshttps://t.co/hJeqssdk87"Read full newsRead More

Dropbox just announced a $600 million share buyback, and posted a Q4 earnings beatOne of the top performers on the Nasdaq today is file sharing specialist Dropbox Inc (NASDAQ:DBX), which is bucking the broadmarket trend after posting fourth-quarter earnings and revenue that beat analysts' expectations, and lifting its 2024 operating margin target. The firm also announced a $600 million share buyba...Read More

The coronavirus outbreak is starting to impact company's earnings reportsThe coronavirus really made its mark on Wall Street this holiday-shortened week. The outbreak that has gripped global headlines for all of 2020 has the Dow, S&P 500, and Nasdaq all pacing for substantial weekly losses. After Apple (AAPL) issued a guidance warning related to coronavirus headwinds, the Dow rattled off three st...Read More

Armadale Capital (LSE:ACP) has reiterated its intention to deliver a definitive feasibility study ("DFS") for its Mahenge Liandu graphite project in the cu...Read full newsRead More

FIT has surged 111% over the past six monthsAthletic smartwatch maker Fitbit Inc (NYSE:FIT) is down 0.5% this afternoon, last seen near $6.40, after the company reported a surprise fourth-quarter loss. Fitbit sold six million devices in the quarter, but international revenue fell by 7%. Analysts have yet to chime in on the disappointment, but heading into today, all seven carried a "hold" recomm...Read More

All three indexes are eyeing their first weekly loss since January Stocks are continuing their steep sell-off midday with thethe Dow Jones Industrial Average (DJI) off almost 250 points at last check as an increase in coronavirus cases stokes investor anxiety. Things don't look much better for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), with the later dragged lower by a struggling tech...Read More

KO hit a record high late last weekCompanies are starting to unravel how the coronavirus outbreak will affect their bottom line, and the results haven't been pretty. Coca-Cola Co (NYSE:KO) adjusted its own outlook this morning, cutting its current-quarter earnings by one to two cents per share. While China is the company's third-largest market in terms of unit case volume, Coca-Cola did reaffirm...Read More

"Ariana Resources (#AAU) announces quarterly ops update for Kiziltepe.Gross income for the year is $45.1 million from production of 27,985oz of gold, exceeding its full year production guidance by 12%https://t.co/YUxonJouFK"Read full newsRead More

RBC upgraded CHWY to "outperform" from "sector perform"Chewy Inc (NYSE:CHWY) stock is set to open at one-month highs this morning right on the heels of a bull note from RBC. The analyst upgraded the online pet supply retailer to "outperform" from "sector perform," praising its risk-reward outlook and strong fundamentals. At last check, CHWY is up 10.2% to trade at $32.19. Since pulling back to re...Read More

Stocks are eyeing another down dayDow Jones Industrial Average (DJI) futures are trading more than 100 points below fair value, as coronavirus concerns pick back up. This comes after stocks suddenly pulled back on Thursday, with the selling set to continue on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX), as well. As such, the Cboe Volatility Index (VIX) could be due for another rise, along w...Read More

When gold and gold stocks struggle in coming weeks, as I expect they will, it won't be because the COVID-19 threat has decreased. Instead, they will have been sabotaged by the excess bullishness that currently prevails among gold-market investors. This isn't to say a lessening of the virus' threat wouldn't also cause gold to recede from its recent seven-year high. But my argument is that gold will...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. Enthusiastic Aquilini - INK ResearchAs esports gains in popularity, Enthusiast Gaming Holdings (EGLX) has thrown its hat into the ring to try and profit from all the excitement. The compa...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. Enthusiastic Aquilini - INK ResearchAs esports gains in popularity, Enthusiast Gaming Holdings (EGLX) has thrown its hat into the ring to try and profit from all the excitement. The compa...Read More

The aftermath of the disaster in Brumadinho after Vale's tailings dam collapsed. Photo by Vin?-cius Mendon??a/Ibama, Wikimedia Commons. Vale (NYSE: VALE) posted a loss of $1.68 billion in 2019, compared to a net income of $6.860 billion in 2018, the Brazilian miner reported on Thursday. The $8.5 billion decrease was mostly driven by provisions and expenses related to the Brumadinho dam rupture th...Read More

The Rouyn gold project is located about 40km southwest of IAMGOLD's operating Westwood mine and mill. (Image courtesy of Yorbeau Resources) IAMGOLD (TSE: IMG) posted a net loss from continuing operations of C$373.3 million on revenues of $1.1 billion after recording a $395-million impairment charge related to its Westwood mine in Quebec.Westwood experienced increased seismic activity in the fourt...Read More

The word's mineral exploration and mining industry will come together in downtown Toronto for the annual Prospectors & Developers Association of Canada (PDAC) Convention from March 1-4, 2020 marking the 88th year for this iconic event.Toronto is known as the mining investment capital of the world, and the annual PDAC Convention - the sector's unofficial temperature gauge - is set to deliver an...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 20 that are worth another look.US-based metallurgical coal producer Warrior Met Coal has announced plans to develop a hard coking coal project in Alabama with a capacity of 3.9-million-tonnes per year, through an investment of around $550-600 million over the next five years.Alcoa Corp has been certified by the Aluminium...Read More

The three-month zinc price on the London Metal Exchange was lower at the close of trading on Thursday February 20, falling by more than 1% but holding above the nearby support level, while nickel failed to reduce its losses despite low turnover.Zinc's outright price on the LME closed at $2,112 per tonne in the afternoon, with daily trading volumes the second-highest across the base-metals complex...Read More

Alumina prices on an fob Australia basis have gone up over the past week due to a high-priced deal for material destined for China, but market participants were still searching for clarity on market conditions on Thursday February 20.Fastmarkets calculated the daily alumina index, fob Australia, at $289.84 per tonne on Thursday, up from $281.69 per tonne a week earlier.It was now at its highest le...Read More