Jefferies analysts believe MHK's downside is limited from hereFlooring expert Mohawk Industries, Inc. (NYSE:MHK) has seen its stock struggle mightily ever since a late-2017 peak near $287. As such, it's not surprising to note that the majority of covering analysts have skeptical outlooks on the shares, with nine of 15 handing out "hold," "sell," or "strong sell" recommendations. However, Jefferies...Read More

The FAANG stock unveiled first-quarter revenue that didn't live up to expectations Google parent Alphabet Inc's (NASDAQ:GOOGL) highly anticipated first-quarter earnings were released after the close last night, with mixed results. The FAANG name posted a better-than-expected adjusted profit, but revenue that fell below estimates. In a subsequent conference call, Chief Financial Officer Ruth Porat...Read More

Unionized workers at Peruvian miner Minsur's San Rafael tin mine, a major tin producer, started an indefinite strike on Tuesday to demand a bonus, the company said.The union was not satisfied with the share of profits that the mine distributed to workers, Minsur said in a statement to Peru's market regulator. It added that labor authorities did not approve of the strike.(By Maria Cervantes and Mit...Read More

South African environmental groups have challenged the government's decision to grant permission for a water project which aims to supply developments for its future coal reserves.Authorizing a part of the Mokolo Crocodile (West) Water Augmentation Project, which would pump water to the coal-rich Waterberg region, is unlawful because the development "must be socially, environmentally and economica...Read More

Most analysts remains wary, thoughThe shares of JD.com Inc (NASDAQ:JD) are up 2.4% to trade at $30.60 this morning, after J.P. Morgan Securities raised its rating to "overweight" from "neutral." The brokerage firm also upped its price target to $38 from $30, while noting several positive catalysts for JD stock, including improving demand, new product launches, and Chinese government stimulus plan...Read More

About 1,800 workers were trapped at Sibanye-Stillwater's Rustenburg platinum mine in South Africa earlier today after an accident halted operation of a shaft used to transport workers.The company says 1,500 out of the 1,800 miners that were working the shift have now been brought to the surface, and the remaining miners are gradually being hoisted after an inspection confirmed it was safe.Concern...Read More

The US economic growth in the Q1 2019 positively surprised. Indeed, on the upside. The doubting Thomasses were proven wrong. And The Socialist Party just won the snap elections in Spain. Is the left back in vogue in the Eurozone? But what does it all mean for the gold market? US GDP Surprises on the Upside On Friday, the government said that the US GDP expanded at a 3.2 percent annual pace in the...Read More

The company is expected to report quarterly figures this weekEvelo Biosciences Inc (NASDAQ:EVLO) will report quarterly earnings on Thursday, May 2. Ahead of the event, analysts at Jefferies initiated coverage of the biotech stock with a "buy" rating and $18 price target -- more than double EVLO's closing price of $8.44 yesterday. Due to Evelo's "strong platform and promising data to date," the bro...Read More

One of Cuba's biggest foreign investors isn't fazed by President Donald Trump's push to make doing business in the communist-run Caribbean nation more difficult.David Pathe said Sherritt International Corp. has deep roots on the island, and the chief executive officer is hopeful renewed oil exploration efforts will help buoy the Canadian mining and energy company's battered share price.The claim a...Read More

An environmental group has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.Northern Dynasty - whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition - issued incomplete and misleading information in an attempt to drum up ca...Read More

An environmental group has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.Northern Dynasty - whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition - issued incomplete and misleading information in an attempt to drum up ca...Read More

An environmental group has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.Northern Dynasty - whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition - issued incomplete and misleading information in an attempt to drum up ca...Read More

California was one of the pillars of American energy security. That, however, has changed due to declining production. Since its peak in 1985, production has plunged almost 60 percent to 460,000 barrels per day...Read full newsRead More

Chilean manufacturing production rose 1.3 percent in March compared to the previous year, government data showed on Tuesday, even as copper output declined in the world's top copper producer.The slight increase in manufacturing production was driven primarily by a year-on-year increase in the production of machinery and equipment, but was counterbalanced by a 3.5 percent drop in mining output, the...Read More

The London Bullion Market Association (LBMA) said Societe Generale had resigned as a market maker for gold and silver, as France's third-largest bank pushes ahead with a downsizing of its commodities business.SocGen said this month it would cut 1,600 jobs to boost profits after poor performance last year and exit over-the-counter commodities trading.SocGen declined to comment on its resignation.In...Read More

The London Bullion Market Association (LBMA) said Societe Generale had resigned as a market maker for gold and silver, as France's third-largest bank pushes ahead with a downsizing of its commodities business.SocGen said this month it would cut 1,600 jobs to boost profits after poor performance last year and exit over-the-counter commodities trading.SocGen declined to comment on its resignation.In...Read More

Glencore Plc cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil, as the world's biggest metal trader deals with multiple problems across its operations. The shares fell.There was no mention of changes to the company's marketing-profits guidance, which it often updates in production reports.Key insightsGlencore's disappointing ou...Read More

Glencore Plc cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil, as the world's biggest metal trader deals with multiple problems across its operations. The shares fell.There was no mention of changes to the company's marketing-profits guidance, which it often updates in production reports.Key insightsGlencore's disappointing ou...Read More

Earnings out of Dow components have been strongDow Jones Industrial Average (DJI) futures are pointing to a positive open this morning ahead of a huge day of earnings on Wall Street. Strong quarterly reports from blue chips McDonald's (MCD), Merck (MRK), and Pfizer (PFE) are getting the ball rolling for the 30-stock index, while former Dow component General Electric (GE) is also set to soar after...Read More

Africa-focused Alphamin Resources (TSX-V: AFM) has begun commissioning its Bisie tin mine in North Kivu, a remote province in the eastern region of the Democratic Republic of Congo (DRC).The Mauritius-based miner kicked off construction at Bisie, considered one of the world's highest-grade known tin deposits, in 2017. At the time, an updated feasibility study projected that the mine could produce...Read More