AeroVironment just revealed its fiscal first-quarter earnings and revenue The shares of drone maker AeroVironment, Inc. (NASDAQ:AVAV) are booming this morning, after the company announced an adjusted profit of 74 cents for its fiscal first quarter, compared to the 36 cents per share expected by analysts. The firm also reported $86.9 million in revenue, which topped estimates. In response, AVAV is...Read More
Comcast stock has already tacked on more than 33% in 2019Shares of broadcasting giant Comcast Corporation (NASDAQ:CMCSA) are up 1.8% in this morning's trading at $46.34, and earlier nabbed a new record high of $46.47 out of the gate. Driving the stock higher is an upgrade from Oppenheimer to "outperform" and a price-target hike to $54. The brokerage firm cited the upcoming 2020 Summer Olympics an...Read 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
(The opinions expressed here are those of the author, acolumnist for Reuters.) * Zinc stocks, price and time-spreads:* China's refined zinc imports: By Andy Home LONDON, Sept 5 (Reuters) - Where's the zinc surplus?The zinc market has been trading the supply surplus storysince April, the London price falling from theyear-to-date high of $2,958 per tonne to Monday's three-year lowof $2,190.True, bro...Read More
ADP showed private payrolls rose more than expected last month Dow Jones Industrial Average (DJI) futures are trading well above fair value this morning, after a statement from China's Ministry of Commerce indicated trade talks were tentatively scheduled for "early October" following a call between Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer. Traders are also panning the la...Read More
Resolute Mining produced just over 175,000 ounces of gold in H1, the majority in Africa.The operating expenses in Africa continue to trend down, while Resolute is taking action to bring the Ravenswood mine expenses down.The acquisition of another low-cost gold mine in Senegal in August will push the annualized production to 450,000 ounces of gold from next year on.If Resolute plays its cards right...Read More
The back and forth stock market in September is indicative of an uncertain investing climate. Michele Schneider discusses her 6 stock market phases and which one we are currently in.Read full newsRead More
"Global Energy Metals ($GEMC) has published an updated presentation that can be found here - https://t.co/2W2EdilxpLThe Canadian cobalt firm has also released a new fact sheet featuring useful info on its project and the wider market -https://t.co/eo2KwanxlZ@EnergyMetals"Read full newsRead More
"Kibo Energy (#KIBO) hits 0.8p after signing non-binding power purchase term sheet and coal supply term sheet with Vale Mozambique for its Benga power plant project.https://t.co/j0XZZaZF9P"Read full newsRead More
"Columbus Energy (#CERP) says work is continuing to advance the CO?,, pilot project on its Inniss-Trinity project in S America.Firm has completed workovers surveying the AT-4 and AT-13 wells in prep for future CO?,, injection and enhanced oil productionhttps://t.co/4LbjCxnp1Z"Read full newsRead More
"Range Resources (#RRL) takes a 13.4pc hit after announcing the planned sale of its Trinidad subsidiary to LandOcean Energy Services.The sale will offset all debt and payables due from Range to LandOcean, and will also include a $2.5m cash payment.https://t.co/PC3SVDRYDw"Read full newsRead More
A unique situation is emerging in the gold market now.Neither the dollar nor the real interest rate has dropped so much that this could explain the current price of gold.For the steady growth of the gold price, one still needs something more.A unique situation is emerging in the gold market now, which means either the complete elimination of the well-established dependencies between the price of g...Read More
"Porsche unveiled the all-electric Taycan, at simultaneous events today in Germany, China and Ontario. Find out more details here! https://t.co/Vod64Gib2j #bmw #taycan #tesla #luxurycar #luxurycars"Read full newsRead More
"The bulls are hoping for a break to the upside. The bears are concerned about a downside break. Which way will it break? Nobody knows. The biggest risk is what happens when the market quitsRead full newsRead More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 4.Please click...Read More
The three-month zinc price on the London Metal Exchange topped gains at the close of trading on Wednesday September 4, appreciating by almost 5% to close at its highest level since August 5, while the copper outright price closed at a two-week high. The three-month zinc contract ended the day's trading at $2,310 per tonne, closing above the nearby resistance level for the first time since early Au...Read More
Ahead of Fastmarkets' Battery Materials Europe conference in Amsterdam, find out what our industry experts think are the key drivers in the market and what's on the horizon. Fastmarkets will host a free web seminar on Wednesday September 18 at 3pm London time to discuss recent market moves in the battery raw materials sector. Click here to register for the webinar. Date Wednesday September 18, 201...Read More
We're currently in the last phase of a gold bull rally, and this phase will see the most upside action, this according to Frank Giustra, chairman of Leagold. I think we're in the third and final phase of the gold market that's started in 2001, and this will be the most explosive phase for gold," Giustra told Kitco News. Giustra noted that past monetary policies of the Federal Reserve...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday September 4 that are worth another look.A sustained weakness in the United States' Midwest aluminium premium and increased barge freight rates pushed the estimated arbitrage between Southeast Asian warehouses and the United States to an 18-month low.Zinc premiums in Northern Europe have risen with falling zinc prices, while sp...Read More
Key data from Fastmarkets' Wednesday September 4 pricing session in Europe.Key driversThe ferro-titanium market is stable, with industry sources reporting deals done within the current price range and market attention turning to consumer tenders due in the next few weeks. Almost 120 tonnes of alloy was reported sold in the past few days, with more tonnages heard at the upper end of the latest asse...Read More