Canadian (British Columbia) development story.Developing a 4 million oz. (4.5 gpt) underground mine.Highly undervalued versus their potential cash flow at higher gold prices.Excellent risk/reward profile. Stock Name Symbol (US) Type Risk Share Price (US) FD Shares FD Mkt Cap (8/29/2019) Barkerville Gold Mines OTCPK:BGMZF Gold Moderate $0.31 603M $187M I've followed this stock for years. I thi...Read More
The Fed's September policy meeting is right around the cornerBank stocks will be in focus over the next two weeks, with the Fed's two-day policy meeting set to begin on Tuesday, Sept. 17. KBW is weighing in on the sector ahead of the event, issuing bear notes overnight for big banks Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM).Five weeks after upgrading BAC stock to "outperf...Read More
2 healthcare stocks to watch todayHealthcare stock Microbot Medical Inc (NASDAQ:MBOT) is gaining out of the gate today, possibly due to news the company will demonstrate its self-cleaning shunt at a conference next week. MBOT shares were last seen trading 10.2% higher at $5.40, though this still leaves them far below their brief January peak of $19.40. The stock has essentially trended lower since...Read More
DOMO stock is headed for its biggest one-day drop everThe shares of cloud-based software company Domo Inc (NASDAQ:DOMO) are taking a nosedive today, after the firm slashed its full-year revenue guidance and forecast a larger-than-anticipated adjusted per-share loss. This is offsetting the company's slimmer-than-expected second-quarter loss of 96 cents on in-line revenue of $41.7 million. DOMO stoc...Read More
BYND has shed 35% since its late-July peakThe shares of Beyond Meat Inc (NASDAQ:BYND) are down 3.3% to trade at $155.72 this morning, after receiving an equivalent of its first "sell" rating. D.A. Davidson initiated coverage on the plant-based burger maker with an "underperform" rating and price target of $130, a level not traded at since early June.The analyst in coverage cited a cautious approa...Read More
As every investor would know, not every swing hits the sweet spot. But really big losses can really drag down an...Read full newsRead More
Shares of gold miners were broadly higher in afternoon trading Tuesday, as worries about escalating U.S.-China trade tensions, data showing a surprise...Read full newsRead More
CAKE has shed 27% over the past 12 months Restaurant chain Cheesecake Factory Inc (NASDAQ:CAKE) is up 1.4% this morning, thanks to a fresh bull note out of Wells Fargo. The brokerage firm upgraded to "outperform" from "market perform," and hiked its price target to $50 from $46. Analyst Jon Tower said the company's recent acquisition of Fox Restaurant Concepts, current television marketing effort...Read More
The S&P and Nasdaq are headed for higher opens, too Dow Jones Industrial Average (DJI) futures are trading above fair value, putting the blue-chip index on track to add to its impressive weekly gain, but have eased back from their earlier highs following this morning's nonfarm payrolls report. Data from the Labor Department showed the U.S. added 130,000 new jobs in August -- fewer than economists...Read More
"EnviroCopper - Harnessing the vast opportunity presented by low-cost copper production The firm uses ISR, a low-impact production method that involves dissolving metals underground in a solution before extracting them at surfacehttps://t.co/by5w0TLWCI#Copper@ThorMining"Read full newsRead More
* GRAPHIC-2019 asset returns: (Updates with closing prices, comments on China talks) By Eric Onstad LONDON, Sept 6 (Reuters) - Copper failed to respondpositively on Friday to China boosting bank lending because thetrade dispute between the biggest metals consumer and the UnitedStates still weighed on the market. China's central bank said it was cutting the amount of cashthat banks must hold as res...Read More
Since 2009, the world's five big central banks have purchased $12.4 trillion in assets.Central banks are going to continue with more rate cuts and fresh bond-buying to keep the markets afloat.Even if a trade agreement is reached, the currency wars will continue and the necessity of negative real interest rates will not go away.Originally published September 5, 2019 The stock market is rallying...Read More
Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs. The LME aluminium three-month price has failed to trade over $2,000 per tonne since 2018 and closed at just $1,775 per tonne on Wednesday September 4. Yesterday's close price was 9% lower than the 2019 high of $1,951 per tonne from Marc...Read More
The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday September 5, breaching the $5,800 per tonne resistance level and closing at its highest level since August 1.This came amid a 12-week high in daily volumes traded, with nickel futures being the only metal to close lower over the afternoon.Three-month copper futures rose by by more than $120 per...Read More
The three-month tin price on the London Metal Exchange has rebounded by more than 14% during morning trading on Thursday September 5, prompted by the announcement of planned refined tin smelter production cuts by a group of 14 smelters in China. Tin's outright price reached an intraday high of $17,740 per tonne this morning, its highest level since July 26 and up by more than 12% from the end of A...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday September 5 that are worth another look.Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs.While US interest in flat steel imports picked up somewhat in August, spurred by expectations of price increases for domestic...Read More
Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs. The LME aluminium three-month price has failed to trade over $2,000 per tonne since 2018 and closed at just $1,775 per tonne on Wednesday September 4. Yesterday's close price was 9% lower than the 2019 high of $1,951 per tonne from Marc...Read More
China's leading stainless steel mills - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have taken diverse approaches to their September tender prices for high-carbon ferro-chrome, Fastmarkets heard on Thursday September 5.Tisco has raised its tender price by 50 yuan ($7) per tonne month-on-month to 6,100 yuan ($852) per tonne, while Tsingshan and Baosteel have rolled over their price...Read More
Prices for cobalt metal, salts and intermediates rebounded in August, sparked by lower prices that encouraged restocking and momentum stemming from anticipated tightness after Glencore announced it will close its Mutanda copper-cobalt mine in the Democratic Republic of the Congo (DRC) by the end of this year.Price movesBenchmark cobalt prices rebounded firmly in August amid expectat...Read More
Turkish steel producers have continued to secure scrap cargoes for September deliveries this week with prices continuing to move down, sources said on Thursday September 5.A steel mill in the Iskenderun region booked a Baltic-sea cargo comprising 25,000 tonnes of HMS 1&2 (80:20) at $247 per tonne and 5,000 tonnes of bonus at $257 per tonne for September shipment.Following the $12.30 per tonne pric...Read More