Agnico-Eagle Mines Limited (AEM), Ivanhoe Mines Ltd (IVN), First Solar, Inc. (FSLR), Arch Coal, Inc. (ACI), Newfield Exploration Co. (NFX) and Alliance Resource (ARLP) had ratings and price targets on them adjusted by analysts.
Zacks downgraded Agnico-Eagle Mines Limited (AEM) from a "Neutral" rating to a "Underperform" rating.
TD Securities upgraded Ivanhoe Mines Ltd (IVN) from a "Reduce" rating to a "Hold" rating.
Cantor Fitzgerald upgraded First Solar, Inc. (FSLR) from a "Sell" rating to a "Hold" rating.
Morgan Stanley downgraded Arch Coal, Inc. (ACI) from an "Equal Weight" rating to a "Underweight" rating.
Barrington Research initiated coverage on Newfield Exploration Co. (NFX). They placed an "Outperform" rating and a price target of $44.00 on the company.
Raymond James upgraded Alliance Resource (ARLP) from a "Market Perform" rating to a "Strong-Buy" rating.
Showing posts with label Agnico-Eagle. Show all posts
Showing posts with label Agnico-Eagle. Show all posts
Friday, April 20, 2012
Tuesday, November 29, 2011
RIM (RIMM) (STT) (VRUS) (AEM) (AXP) (BK) Downgraded
RIM (NASDAQ: RIMM), State Street Co. (NYSE: STT), Pharmasset (NASDAQ: VRUS), Agnico-Eagle Mines Limited (NYSE: AEM), American Express (NYSE: AXP) and Bank of New York Mellon (NYSE: BK) were downgraded by analysts.
Research In Motion (RIMM) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.
State Street Co. (STT) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating.
Pharmasset (VRUS) was downgraded by Credit Suisse (NYSE:CS) to a “Neutral” rating.
Agnico-Eagle Mines Limited (AEM) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.
American Express (AXP) was downgraded by Morgan Stanley from an “Overweight” rating to an “Equal Weight” rating.
Bank of New York Mellon (BK) was downgraded by Morgan Stanley from an “Equal Weight” rating to an “Underweight” rating.
Research In Motion (RIMM) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.
State Street Co. (STT) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating.
Pharmasset (VRUS) was downgraded by Credit Suisse (NYSE:CS) to a “Neutral” rating.
Agnico-Eagle Mines Limited (AEM) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.
American Express (AXP) was downgraded by Morgan Stanley from an “Overweight” rating to an “Equal Weight” rating.
Bank of New York Mellon (BK) was downgraded by Morgan Stanley from an “Equal Weight” rating to an “Underweight” rating.
Friday, November 4, 2011
Agnico-Eagle (AEM) (TEVA) (TSRA) (ABCO) (ARO) (FN) Upgraded
Agnico-Eagle Mines Limited (NYSE: AEM), Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA), Tessera Technologies (NASDAQ: TSRA), Advisory Board Co (NASDAQ: ABCO), Aeropostale, Inc. (NYSE: ARO) and Fabrinet (NYSE: FN) were upgraded by analysts.
Agnico-Eagle Mines Limited (AEM) was upgraded by Dahlman Rose from a “Hold” rating to a “Buy” rating. They have a price target of $50.00 on the company.
Teva Pharmaceutical Industries Ltd (TEVA) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $47.00 on the company.
Tessera Technologies (TSRA) was upgraded by Davenport from a “Neutral” rating to a “Buy” rating.
Advisory Board Co. (ABCO) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $80.00 on the company.
Aeropostale, Inc. (ARO) was upgraded by KeyBanc from a “Hold” rating to a “Buy” rating. They have a price target of $20.00 on the company.
Fabrinet (FN) was upgraded by Collins Stewart from a “Neutral” rating to a “Buy” rating. They have a price target $18.00 on the company.
Agnico-Eagle Mines Limited (AEM) was upgraded by Dahlman Rose from a “Hold” rating to a “Buy” rating. They have a price target of $50.00 on the company.
Teva Pharmaceutical Industries Ltd (TEVA) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $47.00 on the company.
Tessera Technologies (TSRA) was upgraded by Davenport from a “Neutral” rating to a “Buy” rating.
Advisory Board Co. (ABCO) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $80.00 on the company.
Aeropostale, Inc. (ARO) was upgraded by KeyBanc from a “Hold” rating to a “Buy” rating. They have a price target of $20.00 on the company.
Fabrinet (FN) was upgraded by Collins Stewart from a “Neutral” rating to a “Buy” rating. They have a price target $18.00 on the company.
Wednesday, October 5, 2011
Wynn (WYNN) (AEM) (VRTX) (ALXA) (SODA) (AMR) Upgraded
Wynn Resorts, Limited (NASDAQ: WYNN), Agnico-Eagle Mines Limited (NYSE: AEM), Vertex Pharmaceuticals (NASDAQ: VRTX), Alexza Pharmaceuticals, Inc. (NASDAQ: ALXA), Sodastream International (NASDAQ: SODA) and AMR Co. (NYSE: AMR) were upgraded by analysts.
Wynn Resorts, Limited (WYNN) was upgraded by Nomura from a “Neutral” rating to a “Buy” rating.
Agnico-Eagle Mines Limited (AEM) was upgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Outperform” rating. They have a price target of $77.00 on the company, up from $73.00.
Vertex Pharmaceuticals (VRTX) was upgraded by JMP Securities from a “Market Perform” rating to an “Outperform” rating.
Alexza Pharmaceuticals, Inc. (ALXA) was upgraded by JMP Securities from a “Market Perform” rating to an “Outperform” rating.
Sodastream International (SODA) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating. They have a price target of $40.00 on the company, down from $50.00.
AMR Co. (AMR) was upgraded by Rodman & Renshaw from a “Market Perform” rating to an “Outperform” rating. They have a price target of $5.00 on the company.
Wynn Resorts, Limited (WYNN) was upgraded by Nomura from a “Neutral” rating to a “Buy” rating.
Agnico-Eagle Mines Limited (AEM) was upgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Outperform” rating. They have a price target of $77.00 on the company, up from $73.00.
Vertex Pharmaceuticals (VRTX) was upgraded by JMP Securities from a “Market Perform” rating to an “Outperform” rating.
Alexza Pharmaceuticals, Inc. (ALXA) was upgraded by JMP Securities from a “Market Perform” rating to an “Outperform” rating.
Sodastream International (SODA) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating. They have a price target of $40.00 on the company, down from $50.00.
AMR Co. (AMR) was upgraded by Rodman & Renshaw from a “Market Perform” rating to an “Outperform” rating. They have a price target of $5.00 on the company.
Friday, September 30, 2011
Agnico-Eagle (AEM) (TA) (BX) (SNSS) (CBSH) (CLS) Get New Coverage
Agnico-Eagle Mines Limited (NYSE: AEM), TravelCenters of America LLC (NYSE: TA), The Blackstone Group L.P. (NYSE: BX), Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS), Commerce Bancshares, Inc. (NASDAQ: CBSH) and Celestica (NYSE: CLS) get new coverage from analysts.
HSBC (NYSE:HBC) initiated coverage on Agnico-Eagle Mines Limited (AEM). They placed an “Overweight” rating on the company.
UBS AG (NYSE:UBS) initiated coverage on TravelCenters of America LLC (TA). They placed a “Neutral” rating on the company.
Sterne Agee initiated coverage on The Blackstone Group L.P. (BX). They placed a “Neutral” rating and a price target of $15.00 on the company.
MLV Capital initiated coverage on Sunesis Pharmaceuticals, Inc. (SNSS). They placed a “Buy” rating and a price target of $3.50 on the company.
Guggenheim initiated coverage on Commerce Bancshares, Inc. (CBSH). They placed a “Neutral” rating on the company.
BMO Capital Markets initiated coverage on Celestica (CLS). They placed a “Market Perform” rating and a price target of $8.50 on the company.
HSBC (NYSE:HBC) initiated coverage on Agnico-Eagle Mines Limited (AEM). They placed an “Overweight” rating on the company.
UBS AG (NYSE:UBS) initiated coverage on TravelCenters of America LLC (TA). They placed a “Neutral” rating on the company.
Sterne Agee initiated coverage on The Blackstone Group L.P. (BX). They placed a “Neutral” rating and a price target of $15.00 on the company.
MLV Capital initiated coverage on Sunesis Pharmaceuticals, Inc. (SNSS). They placed a “Buy” rating and a price target of $3.50 on the company.
Guggenheim initiated coverage on Commerce Bancshares, Inc. (CBSH). They placed a “Neutral” rating on the company.
BMO Capital Markets initiated coverage on Celestica (CLS). They placed a “Market Perform” rating and a price target of $8.50 on the company.
Wednesday, July 20, 2011
Agnico-Eagle (AEM) (CAT) (DE) (JOYG) (INTC) Getting New Coverage
Agnico-Eagle Mines Limited (NYSE: AEM), Caterpillar Inc. (NYSE: CAT), Deere & Company (NYSE: DE), Joy Global Inc. (NASDAQ: JOYG) and Intel (NASDAQ: INTC) get new coverage from analysts.
RBC Capital has initiated coverage on Agnico-Eagle Mines Limited (AEM). They placed a “sector perform” rating on the company.
William Blair launched coverage on Caterpillar Inc. (CAT). They placed an “outperform” rating and a price target of $135.00 on the company.
William Blair initiated coverage on Deere & Company (DE). They placed a “market perform” rating and a price target of $86.00 on the company.
William Blair started coverage on Joy Global Inc. (JOYG). They placed a “market perform” rating and a price target of $99.00 on the company.
Wedbush launched coverage on Intel (INTC). They placed a “neutral” rating and a price target of $25.00 on the company.
RBC Capital has initiated coverage on Agnico-Eagle Mines Limited (AEM). They placed a “sector perform” rating on the company.
William Blair launched coverage on Caterpillar Inc. (CAT). They placed an “outperform” rating and a price target of $135.00 on the company.
William Blair initiated coverage on Deere & Company (DE). They placed a “market perform” rating and a price target of $86.00 on the company.
William Blair started coverage on Joy Global Inc. (JOYG). They placed a “market perform” rating and a price target of $99.00 on the company.
Wedbush launched coverage on Intel (INTC). They placed a “neutral” rating and a price target of $25.00 on the company.
Wednesday, July 13, 2011
Eldorado (EGO) (GSS) (AEM) (HMY) (GG) Soar as Gold Breaks New All-Time Record
The price of gold broke another all-time record Tuesday, resulting in gold miners like Eldorado (NYSE:EGO), Golden Star Resources (AMEX:GSS), Agnico-Eagle (NYSE:AEM), Harmony Gold Mining (NYSE:HMY) and Goldcorp (NYSE:GG) popping.
Much of the fast action happened after reports revealed the Federal Reserve has been contemplating another round of quantitative easing, or printing money.
The price of gold settled at $1,562.30, gaining $13.10 on the day, and was up about $20 in after hours trading. The former settlement record was $1,557.10 an ounce on May 2, 2011. The rally fell short of the overall high of $1,577, reaching $1,574 an ounce.
Parameters of initiating QE3 would be sustainably high unemployment rates and low inflation, according to FOMC minutes from the meeting. Interestingly, at the same meeting other members noted they may have to take money out of the market if inflation risk continues to linger or increase.
Silver prices fell to $35.63 an ounce, a loss of 6 cents. In after hours trading the price of silver also soared by over 50 cents an ounce.
Eldorado Gold closed Tuesday at $16.63, gaining $0.81, or 5.12 percent. Golden Star Resources ended the session at $2.54, rising $0.14, or 5.83 percent. Agnico-Eagle closed at $64.35, jumping $2.19, or 3.52 percent. Harmony Gold Mining closed the day at $13.52, increasing $0.54, or 4.16 percent. Goldcorp closed at $52.56, soaring $2.15, or 4.27 percent.
Other gold miners making significant moves included Kinross Gold (KGC), which ended at $16.73, up $0.42, or 2.58 percent. Yamana Gold (NYSE:AUY) closed at $12.85, climbing $0.39, or 3.13 percent. NovaGold Resources Inc. (AMEX:NG) jumped to $9.91, gaining $0.27, or 2.80 percent. Gold Fields (NYSE:GFI) closed at $15.12, rising $0.66, or 4.56 percent. IAMGOLD Corporation (NYSE:IAG) ended the day at $20.25, up $0.90, or 4.65 percent.
Much of the fast action happened after reports revealed the Federal Reserve has been contemplating another round of quantitative easing, or printing money.
The price of gold settled at $1,562.30, gaining $13.10 on the day, and was up about $20 in after hours trading. The former settlement record was $1,557.10 an ounce on May 2, 2011. The rally fell short of the overall high of $1,577, reaching $1,574 an ounce.
Parameters of initiating QE3 would be sustainably high unemployment rates and low inflation, according to FOMC minutes from the meeting. Interestingly, at the same meeting other members noted they may have to take money out of the market if inflation risk continues to linger or increase.
Silver prices fell to $35.63 an ounce, a loss of 6 cents. In after hours trading the price of silver also soared by over 50 cents an ounce.
Eldorado Gold closed Tuesday at $16.63, gaining $0.81, or 5.12 percent. Golden Star Resources ended the session at $2.54, rising $0.14, or 5.83 percent. Agnico-Eagle closed at $64.35, jumping $2.19, or 3.52 percent. Harmony Gold Mining closed the day at $13.52, increasing $0.54, or 4.16 percent. Goldcorp closed at $52.56, soaring $2.15, or 4.27 percent.
Other gold miners making significant moves included Kinross Gold (KGC), which ended at $16.73, up $0.42, or 2.58 percent. Yamana Gold (NYSE:AUY) closed at $12.85, climbing $0.39, or 3.13 percent. NovaGold Resources Inc. (AMEX:NG) jumped to $9.91, gaining $0.27, or 2.80 percent. Gold Fields (NYSE:GFI) closed at $15.12, rising $0.66, or 4.56 percent. IAMGOLD Corporation (NYSE:IAG) ended the day at $20.25, up $0.90, or 4.65 percent.
Monday, July 11, 2011
Harmony (HMY) (IAG) (EGO) (GSS) (AEM) Close Mixed
Harmony Gold Mining (NYSE:HMY), IAMGOLD (NYSE:IAG), Eldorado Gold (NYSE:EGO), Golden Star Resources (AMEX:GSS) and Agnico-Eagle (NYSE:AEM) closed mixed as gold closed Friday at $1,541.60 an ounce, adding $11 at the Comex division of the New York Mercantile Exchange.
Gold traded in a range of $1,525 to $1,546.
During the four days the stock market was open last week, the NYSE Arca Exchange Gold BUGS index climbed 4.1 percent. Spot gold rose by $10.70 an ounce.
The strength in gold Friday was largely attributed to the failed Obama and Democrat economic policies, which have kept the country in a recession, contrary to commentary that we may go into a double dip recession; something that can't happen because we never left it.
Triggering the move up in gold was the disastrous jobs report which revealed only 18,000 jobs being added in June, while the umemployment rate soared to 9.2 percent. Approximately 7.5 million people are collecting unemployment.
As for gold, the next several weeks are expected to be more volatile as to price movement.
Agnico-Eagle closed Friday at $62.90, falling $0.05, or 0.08 percent. Golden Star Resources ended the session at $2.42, down $0.08, or 3.20 percent. Eldorado Gold closed at $16.01, gaining $0.05, or 0.31 percent. IAMGOLD closed at $19.41, up $0.05, or 0.26 percent. Harmony Gold Mining closed at $13.24, dropping $0.06, or 0.45 percent.
Gold traded in a range of $1,525 to $1,546.
During the four days the stock market was open last week, the NYSE Arca Exchange Gold BUGS index climbed 4.1 percent. Spot gold rose by $10.70 an ounce.
The strength in gold Friday was largely attributed to the failed Obama and Democrat economic policies, which have kept the country in a recession, contrary to commentary that we may go into a double dip recession; something that can't happen because we never left it.
Triggering the move up in gold was the disastrous jobs report which revealed only 18,000 jobs being added in June, while the umemployment rate soared to 9.2 percent. Approximately 7.5 million people are collecting unemployment.
As for gold, the next several weeks are expected to be more volatile as to price movement.
Agnico-Eagle closed Friday at $62.90, falling $0.05, or 0.08 percent. Golden Star Resources ended the session at $2.42, down $0.08, or 3.20 percent. Eldorado Gold closed at $16.01, gaining $0.05, or 0.31 percent. IAMGOLD closed at $19.41, up $0.05, or 0.26 percent. Harmony Gold Mining closed at $13.24, dropping $0.06, or 0.45 percent.
Friday, May 20, 2011
Eldorado (EGO) (AU) (NG) (AEM) Jump As Gold Prices Break $1,500
Investors looking to gold and silver for safety as equities drop, pushing up the price of the precious metals, and miners like Eldorado Gold Corporation (NYSE:EGO), AngloGold Ashanti (NYSE:AU), NovaGold Resources Inc. (AMEX:NG) and Agnico-Eagle (NYSE:AEM).
The most actively traded gold contract, for June delivery, was recently up $19.70, or $1.3 percent, at $1,512.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
Silver prices are up with the most actively traded contract, for July delivery, recently up 22.3 cents, or 0.6 percent, at $35.155 a troy ounce.
AngloGold Ashanti (AU) was trading at $46.16, gaining $0.55, or $1.21 percent, as of 1:14 PM EDT. Agnico-Eagle (AEM) was trading at $63.47, gaining $0.57, or 0.91 percent. NovaGold Resources Inc. (NG) was at $10.61, rising $0.31, or 3.01 percent. Eldorado Gold Corporation (NYSE:EGO) was trading at $15.77, climbing $0.29, or 1.87 percent.
The most actively traded gold contract, for June delivery, was recently up $19.70, or $1.3 percent, at $1,512.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
Silver prices are up with the most actively traded contract, for July delivery, recently up 22.3 cents, or 0.6 percent, at $35.155 a troy ounce.
AngloGold Ashanti (AU) was trading at $46.16, gaining $0.55, or $1.21 percent, as of 1:14 PM EDT. Agnico-Eagle (AEM) was trading at $63.47, gaining $0.57, or 0.91 percent. NovaGold Resources Inc. (NG) was at $10.61, rising $0.31, or 3.01 percent. Eldorado Gold Corporation (NYSE:EGO) was trading at $15.77, climbing $0.29, or 1.87 percent.
Agnico-Eagle (AEM) Trades Higher on Economic Concerns
Agnico-Eagle (NYSE:AEM) was able to trade in positive territory on Thursday even as gold prices closed down on the day.
Gold for June delivery closed down $3.40, or 0.2 percent, at $1,492.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
Silver prices ended the session down. July delivery for silver fell 16.5 cents, or 0.5 percent, to $34.932 a troy ounce.
The ICE Futures' dollar index was down 0.5 percent at 75.106. The U.S. dollar was down against most of its major peers at the end of trading Thursday.
Extremely bad news on Obama's economy pressured the commodity sector.
July contracts had copper falling 5.25 cents to settle at $4.0525 a pound and platinum dropped $10.90 to $1,769 an ounce. June palladium settled down $9.05 at $728.15 an ounce.
Housing sales and manufacturing data revealed an ongoing weak and fragile American economy.
Agnico-Eagle Mines Limited participates in the exploration, development, and production of mineral properties in Canada, Finland, Mexico and the United States. Measured by reserves, it has the largest operating gold mine in Canada, the LaRonde mine. The company also explores for silver, copper lead and zinc.
Agnico-Eagle (NYSE:AEM) closed Thursday at $62.90, gaining $0.35, or 0.56 percent.
Gold for June delivery closed down $3.40, or 0.2 percent, at $1,492.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
Silver prices ended the session down. July delivery for silver fell 16.5 cents, or 0.5 percent, to $34.932 a troy ounce.
The ICE Futures' dollar index was down 0.5 percent at 75.106. The U.S. dollar was down against most of its major peers at the end of trading Thursday.
Extremely bad news on Obama's economy pressured the commodity sector.
July contracts had copper falling 5.25 cents to settle at $4.0525 a pound and platinum dropped $10.90 to $1,769 an ounce. June palladium settled down $9.05 at $728.15 an ounce.
Housing sales and manufacturing data revealed an ongoing weak and fragile American economy.
Agnico-Eagle Mines Limited participates in the exploration, development, and production of mineral properties in Canada, Finland, Mexico and the United States. Measured by reserves, it has the largest operating gold mine in Canada, the LaRonde mine. The company also explores for silver, copper lead and zinc.
Agnico-Eagle (NYSE:AEM) closed Thursday at $62.90, gaining $0.35, or 0.56 percent.
Thursday, May 19, 2011
Miners (IVN) (IAG) (AEM) (PZG) (KGC) Trade Up
Shares of Ivanhoe Mines Ltd. (NYSE:IVN), IAMGOLD Corporation (NYSE:IAG), Agnico-Eagle (NYSE:AEM), Paramount Gold and Silver (AMEX:PZG) and Kinross Gold Corp (NYSE:KGC) all traded up on Wednesday as gold and silver prices climbed on the day.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Ivanhoe Mines Ltd. (NYSE:IVN) closed at $25.27, gaining $1.63, or 6.90 percent.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Ivanhoe Mines Ltd. (NYSE:IVN) closed at $25.27, gaining $1.63, or 6.90 percent.
Wednesday, May 18, 2011
Miners (HMY) (GRS) (GOLD) (RGLD) (IAG) (AEM) All Close Up Tuesday
Shares of Harmony Gold Mining (NYSE:HMY), Gammon Gold (NYSE:GRS), Randgold (NASDAQ:GOLD), Royal Gold (Nasdaq:RGLD), IAMGOLD Corporation (NYSE:IAG) and Agnico-Eagle (NYSE:AEM) went against the grain of gold prices, all closing up on Tuesday, even though gold prices dropped again.
Gold futures for June delivery closed down $10.60, or 0.7 percent, at $1,480.00 per ounce in New York. Trade ranged from a low $1,471.10 to a high of $1,497.50.
The yellow metal has dropped $100 or 6 percent from its record highs of over $1,575 an ounce set earlier in May.
Silver gained 0.7 percent to settle at $33.80 an ounce. Since the latter part of April it has fallen almost 33 percent from a record high of $49.51.
Agnico-Eagle (AEM) closed Tuesday at $62.44, gaining $0.83, or 1.35 percent.
Gold futures for June delivery closed down $10.60, or 0.7 percent, at $1,480.00 per ounce in New York. Trade ranged from a low $1,471.10 to a high of $1,497.50.
The yellow metal has dropped $100 or 6 percent from its record highs of over $1,575 an ounce set earlier in May.
Silver gained 0.7 percent to settle at $33.80 an ounce. Since the latter part of April it has fallen almost 33 percent from a record high of $49.51.
Agnico-Eagle (AEM) closed Tuesday at $62.44, gaining $0.83, or 1.35 percent.
Tuesday, May 17, 2011
Agnico-Eagle (AEM) Falls Along with Gold Prices
Agnico-Eagle (NYSE:AEM) fell in Wednesday trading, as gold prices came under pressure again in the ongoing volatile market conditions.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Agnico-Eagle Mines Limited participates in the exploration, development, and production of mineral properties.
Agnico-Eagle (AEM) closed Wednesday at $62.80, falling $1.08, or 1.69 percent.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Agnico-Eagle Mines Limited participates in the exploration, development, and production of mineral properties.
Agnico-Eagle (AEM) closed Wednesday at $62.80, falling $1.08, or 1.69 percent.
Agnico-Eagle (AEM) Falls Along with Gold Prices
Agnico-Eagle (NYSE:AEM) fell in Wednesday trading, as gold prices came under pressure again in the ongoing volatile market conditions.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Agnico-Eagle Mines Limited participates in the exploration, development, and production of mineral properties.
Agnico-Eagle (AEM) closed Wednesday at $62.80, falling $1.08, or 1.69 percent.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Agnico-Eagle Mines Limited participates in the exploration, development, and production of mineral properties.
Agnico-Eagle (AEM) closed Wednesday at $62.80, falling $1.08, or 1.69 percent.
NovaGold (NG) (AUY) (HMY) (AEM) Trade Mixed Monday
Shares of NovaGold Resources Inc. (AMEX:NG), Yamana Gold (NYSE:AUY), Harmony Gold Mining (NYSE:HMY) and Agnico-Eagle (NYSE:AEM) traded mixed Monday as gold and silver prices were down slightly on the trading day.
Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.
Silver prices ended the day down 88 cents to close at $34.13 an ounce.
The U.S. dollar index fell 0.43 percent to $75.38.
The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.
Yamana Gold (AUY) closed at $11.89, gaining $0.09, or 0.76 percent.
Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.
Silver prices ended the day down 88 cents to close at $34.13 an ounce.
The U.S. dollar index fell 0.43 percent to $75.38.
The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.
Yamana Gold (AUY) closed at $11.89, gaining $0.09, or 0.76 percent.
Monday, May 16, 2011
Kinross (KGC) (AUY) (NXG) (AEM) (PZG) Trade Down As Gold Drops
Gold and silver prices went through a reversal Friday as gold closed down and silver rebounded to close higher, putting pressure on gold miners such as Kinross Gold Corp (NYSE:KGC), Yamana Gold (NYSE:AUY), Northgate Minerals (AMEX:NXG), Agnico-Eagle (NYSE:AEM) and Paramount Gold and Silver (AMEX:PZG) - which closed down - and gold ETFS.
Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Yamana closed Friday at $11.80, down $0.18, or 1.50 percent.
Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Yamana closed Friday at $11.80, down $0.18, or 1.50 percent.
Wednesday, May 11, 2011
Miners (AEM) (IAG) (NG) (AUY) (GFI) Trade Mixed as Gold Jumps Again
Shares of gold miners Agnico-Eagle (NYSE:AEM), IAMGOLD Corporation (NYSE:IAG), NovaGold Resources Inc. (AMEX:NG), Yamana Gold (NYSE:AUY) and Gold Fields (NYSE:GFI) closed mixed as gold prices continue to rebound.
Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.
Silver also extended its rebound, with the July contract gaining $1.37, or 3.7%, to $38.47 an ounce.
Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.
HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to $1,500 from $1,300 for 2012.
For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and $29 from $20 in 2012.
Platinum is seen closing 2011 at $1,850 from $1,750, according to HSBC, and ending 2012 at $1,750 from $1,650.
For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.
Yamana Gold (AUY) closed at $11.89, down $0.05, or 0.42 percent.
Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.
Silver also extended its rebound, with the July contract gaining $1.37, or 3.7%, to $38.47 an ounce.
Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.
HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to $1,500 from $1,300 for 2012.
For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and $29 from $20 in 2012.
Platinum is seen closing 2011 at $1,850 from $1,750, according to HSBC, and ending 2012 at $1,750 from $1,650.
For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.
Yamana Gold (AUY) closed at $11.89, down $0.05, or 0.42 percent.
Tuesday, May 10, 2011
Miners (NXG) (KGN) (GG) (AEM) (IVN) Trade Up as Gold, Silver Rebound
Gold miners Northgate Minerals (AMEX:NXG), Keegan Resources Inc (AMEX:KGN), Goldcorp (NYSE:GG), Agnico-Eagle (NYSE:AEM) and Ivanhoe Mines Ltd. (NYSE:IVN) closed up Monday as gold prices turned around on Monday.
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Ivanhoe Mines Ltd. (IVN) closed Monday at $25.56, gaining $1.38, or 5.71 percent.
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Ivanhoe Mines Ltd. (IVN) closed Monday at $25.56, gaining $1.38, or 5.71 percent.
Monday, May 9, 2011
Miners (ANV) (EGO) (NXG) (AEM) Mixed as Gold Closes Up
Gold was able to shake itself of silver Friday, as it has been weighed down by the plummeting price of silver in recent trade, which also has been dragging down gold miners Allied Nevada Gold (AMEX:ANV), Eldorado Gold Corporation (NYSE:EGO), Northgate Minerals (AMEX:NXG) and Agnico-Eagle (NYSE:AEM).
Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.
Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.
The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.
Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.
Eldorado Gold Corporation (EGO) closed Friday at $15.96, dropping $0.15, or 0.93 percent.
Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.
Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.
The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.
Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.
Eldorado Gold Corporation (EGO) closed Friday at $15.96, dropping $0.15, or 0.93 percent.
Friday, May 6, 2011
Miners (AEM) (IAG) (FCX) (AU) (KGN) Pressured as Gold Prices Fall
Agnico-Eagle (NYSE:AEM), IAMGOLD Corporation (NYSE:IAG), Freeport-McMoRan (NYSE:FCX), AngloGold Ashanti (NYSE:AU) and Keegan Resources Inc (AMEX:KGN) got hammered Thursday as gold and silver prices continue to plunge.
Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.
Since the Friday settlement price silver has plummeted 25 percent.
The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.
Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.
As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.
Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.
AngloGold Ashanti (AU) closed Thursday at $45.77, falling $2.22, or 4.63 percent.
Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.
Since the Friday settlement price silver has plummeted 25 percent.
The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.
Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.
As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.
Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.
AngloGold Ashanti (AU) closed Thursday at $45.77, falling $2.22, or 4.63 percent.
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