Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner.The company, which posted a 15 percent drop in first-quarter silver production last month, said it was "disappointed" not to meet its long-term silver output target and that it was taking action to address this "in a number of ways".Fresn...Read More
Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner.The company, which posted a 15 percent drop in first-quarter silver production last month, said it was "disappointed" not to meet its long-term silver output target and that it was taking action to address this "in a number of ways".Fresn...Read More
The healthcare sector is also doing well todayU.S. stocks are pushing higher today thanks to the more lenient stance taken against Huawei by the Trump administration. The Dow is trading well into triple-digit territory, and gains from the tech and healthcare sectors are helping the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) rise, as well. On the data front, traders were greeted with another d...Read More
The brokerage firm thinks the retailer can rally another 26%Deckers Outdoor Corp (NYSE:DECK) is trading up 3.6% at $144.20, after BofA-Merrill Lynch upgraded the retail stock to "buy" from "neutral," and boosted its price target by $30 to a Street-high $180. Not only is this new target price a 26% premium to last night's close, but it's the highest on Wall Street. The brokerage firm said, "Despite...Read More
GLDM does not enjoy significant upward pressure from the escalating US-China trade/tech dispute due to contradictory consequences.Gold's positioning has improved markedly since mid-May, predominantly due to speculative demand.The technical picture deteriorates.We revise our month-end forecast for GLDM from $13.45/share to $13.00/share.Introduction Welcome to Orchid's Gold Weekly report. We discuss...Read More
Introducing the INK No Go ListAt INK Research, our mission is to help you make better investment decisions by tracking the legally reported buying and selling of public company executives, a group also known as corporate insiders. To help point investors in the right direction with their investments, we combine insider activity with valuations and momentum factors to identify which stocks might m...Read More
Jason Albritton, who works for green group The Nature Conservancy, says he is all for technology to suck carbon dioxide (CO2), the main cause of climate change, out of the air.Stephen Johnson, president of Illinois Clean Fuels, a start-up that will produce jet fuel from municipal garbage, is also a fan of the nascent technique known as carbon capture and storage (CCS). He plans to turn a profit pu...Read More
Tanzania will start cancelling inactive mining exploration licences and distribute the acreage to artisanal miners who are able to immediately commence activity in the area, a minister said on Tuesday.Deputy minister for minerals, Stanslaus Nyongo, told parliament he had issued an order that "all inactive prospecting licences are cancelled for the areas to be given to the small-scale miners who ar...Read More
De Beers's diamond sales plunged to the lowest since 2017 in the company's latest offering, underlining a slump in the industry worldwide.Sales by the Anglo American Plc unit dropped 25% from a year ago to $415 million, and were down 29% from an offering last month. It's often a quieter time of the year because the industry has already restocked after the key holiday period, but total sales so far...Read More
De Beers's diamond sales plunged to the lowest since 2017 in the company's latest offering, underlining a slump in the industry worldwide.Sales by the Anglo American Plc unit dropped 25% from a year ago to $415 million, and were down 29% from an offering last month. It's often a quieter time of the year because the industry has already restocked after the key holiday period, but total sales so far...Read More
The stock recently bounced from double-barreled support The shares of data analytics firm Alteryx Inc (NYSE:AYX) have outperformed over the long run, and could be giving bulls an entry point for their next leg higher. Specifically, AYX just bounced from double-barreled support at the 40-day moving average and $85 price point, the latter representing the stock's takeoff point for a rally in early...Read More
Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues, which they say will discourage investmen...Read More
Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues, which they say will discourage investmen...Read More
Both drug stocks are heavily shorted, tooTwo drug names are sitting at the bottom of the Nasdaq and NYSE this morning. First, BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) is down 51.3% to trade at $3.60, and earlier tapped a new two-and-a-half year low of $3.40, after receiving subpar results from its late-stage genetic condition study. This is shaping up to be BioCryst stock's worst day since F...Read More
Shorts have ramped up attention on SNAP recentlyShares of Snap Inc (NYSE:SNAP) are up 2.4% at $11.46 this morning, after the company announced Derek Andersen as its new Chief Financial Officer (CFO). Anderson is replacing interim CFO Lara Sweet, and is leaving his current position as Snap's vice president of finance.Despite the rise for the shares, the Snapchat parent remains stuck between $10 a...Read More
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said.British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will...Read More
Zambia's Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it's planning to seize Vedanta Resources Ltd.'s mining assets.The yield on the southern African nation's $750 million of securities maturing in September 2022 climbed 81 basis points to 19.74% as of 10:43 a.m. in London. Rates on notes due in April 2024 rose 51 basis points to 19.02%. No ot...Read More
Zambia's Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it's planning to seize Vedanta Resources Ltd.'s mining assets.The yield on the southern African nation's $750 million of securities maturing in September 2022 climbed 81 basis points to 19.74% as of 10:43 a.m. in London. Rates on notes due in April 2024 rose 51 basis points to 19.02%. No ot...Read More
Ocular Therapeutix hit a record low out of the gatePharma stock Ocular Therapeutix Inc (NASDAQ:OCUL) is in hot water today, down 11% at $3.00 in early trading, and pacing for its worst day since Dec. 3. The stock is fresh off a new record low of $2.78, too, after the company's glaucoma treatment, OTX-TP, fell short of its main goal in a late-stage study. A round of bear notes is doing the equity n...Read More
The car stock has closed lower in nine of the last 10 daysMorgan Stanley slashed its bear forecast on Tesla Inc (NASDAQ:TSLA) to $10 from $97, saying the downwardly revised worst-case scenario assumes a major miss for "Chinese volume forecast ... to account for the highly volatile trade situation in the region, particularly around areas of technology, which we believe run a high and increasing ris...Read More