CyberArk's recent pullback has found support at its 160-day trendlineThe shares of CyberArk Software Ltd (NASDAQ:CYBR) are up 3% to trade at $119.46 this morning, after Cowen initiated coverage on the software name with an "outperform" rating and $145 price target, a 20% premium to its current perch. The analyst in coverage glowed about CyberArk's market position in the Privilege Access Security...Read More

Most analysts already love NOW stockServiceNow Inc (NYSE:NOW) is up 2.5% out of the gate to trade at $262.47, thanks to a bullish note out of Stifel. The brokerage firm's analysts raised their rating on the shares to "buy" from "hold," and boosted their price target to $320 from $290, saying their checks on ServiceNow's partners suggest no slowdown in the business. It added that newer products sho...Read More

Tilray's CEO called it a "significant milestone"A Portuguese subsidiary of Tilray Inc (NASDAQ:TLRY) signed a dealwith Cannamedical Pharma to ship $3.3 million worth of medical cannabis to Germany by the fall. "This is a significant milestone for Tilray," said CEO Brendan Kennedy. As a result, TLRY stock is up 3.9% at $30.45 -- set to snap its five-day losing streak. The losing streak started on A...Read More

Wall Street is waiting for the Fed minutes, due later today Dow Jones Industrial Average (DJI) futures are pointing to triple-digit gains this morning, getting a shot in the arm from a round of upbeat retail earnings. After the blue-chip index snapped its three-day winning streak yesterday, investor fears of a faltering domestic economy are being temporarily assuaged by blowout quarterly reports f...Read More

Harmony Gold Mining Co. Ltd. (HAR.JO) on Tuesday reported that its net loss in fiscal 2019 narrowed by 42% on lower impairments and the company benefited...Read full newsRead More

Harmony Gold Mining Co. is assessing the acquisition of new assets, including AngloGold Ashanti Ltd.'s last underground operation in South Africa, as it seeks to replace depleting reserves.Read full newsRead More

". @OIMItalia advises several South African blue-chip companies and has managed assignments in Europe, Australia, America and other African countries.#OIM Managing Director Arjen De Bruin will be taking to the #FOMEMEA stage this September in London, UK #futureofmining"Read full newsRead More

An increasing yield spread has historically marked a prime time to sell stocksThe yield curve briefly inverted last week, sparking recession fears and inciting a market sell-off. The S&P 500 Index (SPX) fell almost 3% last Wednesday, Aug. 14, on the news. The inverted yield curve seems to be the most notorious recession indicator there is. The chart below, in part, explains its bad reputation. The...Read More

By all accounts, Newmont's recent Q2 EPS report was disappointing and a big miss.That said, there is a clear line-of-sight toward acquisition synergies and, of course, a strong course for its primary product, gold.In spite of the messy Q2 report, I reiterate my $45 price target. That equates to a ~16% gain from here.Potential upside catalysts to my PT are: better and faster than expected syner...Read More

Gold has consolidated a bit in the recent week, but is still trading at ~$1,500/oz.At ~$1,500/oz gold, project economics and the ability to generate free cash flow should improve drastically for the higher-quality gold projects out there.My current top 5 developers at $1,500/oz gold are (in order of closest to declare commercial production): Victoria Gold, West African Resources, Orezone Gold, Car...Read More

A summary of base metals premiums from across the globe for the week to Tuesday August 20. Please click...Read More

The three-month nickel price on the London Metal Exchange continued to fall on Tuesday August 20, ending the day down by 0.3% at the afternoon kerb to $15,860 per tonne, compared with Monday's close at $15,920 per tonne.The LME's nickel inventory volumes stayed flat during the day's trading. The September/three-month spread was in a backwardation of $40 per tonne and the cash/three-month spread in...Read More

Namibia-based tin mining company Afritin Mining has begun mining in the Erongo district of Namibia, producing its first batch of tin concentrates from its Uis project, while the company also signed a 12-month offtake agreement with Thailand Smelting and Refining Co Ltd (Thaisarco). The Uis tin mine is situated in the Cape Cross-Uis tin pegmatite belt, an expansive mineralisation zone located in Na...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined Tuesday as bulls took a step back from Wall Street's recent surge to digest earnings from Home Depot (HD - Get Report) and prepare for a flurry of activity from the Federal Reserve. Home Depot traded higher after the No. 1 home-improvement retailer reported second-quarter ear...Read More

The development of the Kamoa-Kakula copper mine in the Democratic Republic of the Congo (DRC) will receive a financial boost following a second major strategic equity investment by China's Citic Metal in Canadian mining company Ivanhoe Mines.The mine is jointly owned by Ivanhoe Mines, Citic Metal and China's Zijin Mining.The Canadian $612-million ($459-million) investment brings Citic Metal's inve...Read More

Cobalt prices have risen by more than 25% since Glencore announced it would close its Mutanda mine and in doing so bring forward expectations of a shortfall in cobalt supply. But with other projects ramping up or in the pipeline, stockpiles to be worked through, and a short-term approach to raw materials procurement, Chinese battery-related buyers are skeptical they will be affected by tightness i...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

Demand for deep-sea scrap in Turkey remained sluggish because of the weak markets for finished long steel and billet, sources said on Tuesday August 20.There were only a few mills in the market looking to book scrap this week, while many other mills were quiet, and had halted or cut production, the sources said."I heard that three steel mills were looking for deep-sea material today," a Turkish mi...Read More

Concerns about weak economic data, geopolitical headwinds and the risk of a slow slide toward global recession are dominating market sentiment; short-term relief may come from more concerted central bank stimulus, but the real cure will only likely come from a new trade deal.Equities and bond markets will no doubt react positively to easier monetary policy, but the metals are unlikely to be hoodwi...Read More

The largely synchronized moves in gold, copper and oil have been disrupted in part by the trade war and U.S. monetary policy. Blu Putnam, Chief Economist at CME Group, explains. More insights Read more stories like this on OpenMarkets. And for trader tools and resources visit: https://activetrader.cmegroup.comRead More