AngloGold Ashanti (AU), Quicksilver Resources Inc (KWK), Range Resources (RRC), RBC Capital (RY), Regions Financial Corp (RF), Fifth Third Bancorp (FITB), Capital One (COF) and Huntington Bancshares Incorporated (HBAN) had ratings and price targets on them adjusted by analysts.
TheStreet downgraded AngloGold Ashanti (AU) to a "Hold" rating.
Howard Weil downgraded Quicksilver Resources (KWK) from an "Outperform" rating to a "Market Perform" rating.
Societe Generale initiated coverage on Range Resources (RRC). They placed a "Buy" rating on the company..
Bank of America upgraded RBC Capital (RY) from an "Neutral" rating to a "Buy" rating. They have a price target of $65.00 on the company.
Miller Tabak upgraded Regions Financial Corp (RF) from a "Neutral" rating to a "Buy" rating.
Deutsche Bank upgraded Fifth Third Bancorp (FITB) from a "Hold" rating to a "Buy" rating.
JPMorgan Chase upgraded Capital One (COF) from an "Neutral" rating to an "Overweight" rating. $70.00
Susquehanna downgraded Huntington Bancshares Incorporated (HBAN) from a "Positive" rating to a "Neutral" rating.
Showing posts with label Anglogold Ashanti. Show all posts
Showing posts with label Anglogold Ashanti. Show all posts
Wednesday, April 25, 2012
Wednesday, February 15, 2012
John Paulson's Barrick (ABX) (GLD) (GOLD) (IAG) Positions Changed
After a rough 2011, which followed a record-breaking 2010, John Paulson changed his positions in gold-related stocks SPDR Gold Trust ETF (NYSE:GLD), Randgold Resources (NASDAQ:GOLD), Iamgold (NYSE:IAG) and Barrick Gold (NYSE:ABX).
SPDR Gold Trust ETF (GLD), which continues to remain his largest holding, was lowered by Paulson by close to 3 million shares, now owning 17.3 million shares in the gold ETF. As of December 31, SPDR Gold Trust shares held by Paulson had a market value $2.6 billion.
Randgold Resources (GOLD), Iamgold (IAG) and Barrick Gold (ABX) were among the 10 positions Paulson increased his holdings in, a nod towards the continued belief that some gold miners are still undervalued when measured against the price of gold.
Other gold holdings of Paulson include NovaGold (AMEX:NG), Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU).
SPDR Gold Trust ETF (GLD), which continues to remain his largest holding, was lowered by Paulson by close to 3 million shares, now owning 17.3 million shares in the gold ETF. As of December 31, SPDR Gold Trust shares held by Paulson had a market value $2.6 billion.
Randgold Resources (GOLD), Iamgold (IAG) and Barrick Gold (ABX) were among the 10 positions Paulson increased his holdings in, a nod towards the continued belief that some gold miners are still undervalued when measured against the price of gold.
Other gold holdings of Paulson include NovaGold (AMEX:NG), Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU).
Tuesday, January 31, 2012
AngloGold (AU) (HMY) (RTP) (DISH) (HON) (K) Ratings, Price Targets
AngloGold Ashanti (NYSE: AU), Harmony Gold Mining (NYSE: HMY), Rio Tinto plc (NYSE: RTP), DISH (NASDAQ: DISH), Honeywell International Inc. (NYSE: HON) and Kellogg (NYSE: K) ratings and price targets.
AngloGold Ashanti (AU) was upgraded by Goldman Sachs (NYSE:GS) to a “Neutral” rating.
Harmony Gold Mining (HMY) was upgraded by Goldman Sachs to a “Neutral” rating.
Rio Tinto (RTP) was upgraded by Goldman Sachs to a “Buy” rating.
Brean Murray reiterated its "Buy" rating on DISH (DISH).
Honeywell International Inc. (HON) had its price target raised by Oppenheimer (NYSE:OPY) from $62.00 to $65.00. They have an “Outperform” rating on the company.
Kellogg (K) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
AngloGold Ashanti (AU) was upgraded by Goldman Sachs (NYSE:GS) to a “Neutral” rating.
Harmony Gold Mining (HMY) was upgraded by Goldman Sachs to a “Neutral” rating.
Rio Tinto (RTP) was upgraded by Goldman Sachs to a “Buy” rating.
Brean Murray reiterated its "Buy" rating on DISH (DISH).
Honeywell International Inc. (HON) had its price target raised by Oppenheimer (NYSE:OPY) from $62.00 to $65.00. They have an “Outperform” rating on the company.
Kellogg (K) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Wednesday, November 2, 2011
AngloGold (AU) (TAM) (TSO) (UFCS) (CAE) (CPA) Get New Coverage
AngloGold Ashanti (NYSE: AU), TAM S.A. (NYSE: TAM), Tesoro Co. (NYSE: TSO), United Fire & Casualty (NASDAQ: UFCS), CAE, Inc. (NYSE: CAE) and Copa Holdings (NYSE: CPA) getting new coverage from analysts.
Deutsche Bank (NYSE:DB) initiated coverage on AngloGold Ashanti (AU). They placed a “Buy” rating on the company.
Barclays Capital initiated coverage on TAM S.A. (TAM). They placed an “Underweight” rating on the company.
Global Hunter Securities initiated coverage on Tesoro Co. (TSO). They placed a “Buy” rating and a price target of $40.00 on the company.
Keefe, Bruyette & Woods, Inc. initiated coverage on United Fire & Casualty (UFCS). They placed a “Market Perform” rating on the company.
Scotia Capital initiated coverage on CAE, Inc. (CAE). They placed an “Outperform” rating on the company.
Barclays Capital initiated coverage on Copa Holdings (CPA). They placed an “Equal Weight” rating on the company.
Deutsche Bank (NYSE:DB) initiated coverage on AngloGold Ashanti (AU). They placed a “Buy” rating on the company.
Barclays Capital initiated coverage on TAM S.A. (TAM). They placed an “Underweight” rating on the company.
Global Hunter Securities initiated coverage on Tesoro Co. (TSO). They placed a “Buy” rating and a price target of $40.00 on the company.
Keefe, Bruyette & Woods, Inc. initiated coverage on United Fire & Casualty (UFCS). They placed a “Market Perform” rating on the company.
Scotia Capital initiated coverage on CAE, Inc. (CAE). They placed an “Outperform” rating on the company.
Barclays Capital initiated coverage on Copa Holdings (CPA). They placed an “Equal Weight” rating on the company.
Wednesday, August 10, 2011
AngloGold (AU) (PZG) (DMD) (MKTG) (RL) Moving Up
AngloGold Ashanti (NYSE:AU), Paramount Gold and Silver Corp (AMEX:PZG), Demand Media Inc. (NYSE:DMD), Responsys Inc (NASDAQ:MKTG), and Polo Ralph Lauren Corp (NYSE:RL) making major positive moves today.
Responsys Inc. (MKTG) was up by over 14 percent today. The company was trading at $14.55, gaining $1.55, or 11.92 percent.
AngloGold Ashanti (AU) is soaring over 4 percent today. It was trading at $44.80 as of 2:37 PM EDT, up by 4.48 percent. Over 4 million shares have traded hands.
Demand Media Inc. (DMD) was trading at $9.25, rising $0.27, or 3.01 percent. It has traded as high as $10.43. About 2 million shares have exchanged hands.
Paramount Gold and Silver Corp (PZG) has climbed by $0.36, jumping $0.36, or 15.52 percent.
Polo Ralph Lauren Corp (RL) was trading at $130.10, gaining $10.25, or 8.55 percent. Volume has reached over 4,700,000 on the day.
Responsys Inc. (MKTG) was up by over 14 percent today. The company was trading at $14.55, gaining $1.55, or 11.92 percent.
AngloGold Ashanti (AU) is soaring over 4 percent today. It was trading at $44.80 as of 2:37 PM EDT, up by 4.48 percent. Over 4 million shares have traded hands.
Demand Media Inc. (DMD) was trading at $9.25, rising $0.27, or 3.01 percent. It has traded as high as $10.43. About 2 million shares have exchanged hands.
Paramount Gold and Silver Corp (PZG) has climbed by $0.36, jumping $0.36, or 15.52 percent.
Polo Ralph Lauren Corp (RL) was trading at $130.10, gaining $10.25, or 8.55 percent. Volume has reached over 4,700,000 on the day.
Wednesday, July 20, 2011
Randgold (GOLD), AngloGold (AU) Starting Construction on Kibali Project
The joint venture between Randgold (NYSE:GOLD) and AngloGold Ashanti(NYSE:AU) on the Kibali gold mine is about to enter into the construction stage, as relocation of residents to a new town built just for them has started.
There wasn't the typical level of resistance for the new town, which will eventually be made up of over 3,500 houses accommodating close to 15,000 people, a government office, church buildings, schools, 7 medical centers and 5 public market places.
While Randgold and AngloGold each hold 45 percent of the project, development responsibilities are Randgold's.
According to Randgold's CEO, Mark Bristow, he believes Kibali is the largest gold mine in Africa outside of South Africa.
It includes a Proven & Probable mineral reserve of 74.32 million tons of ore grading 4.21 g/t gold for a total of 10.05 million ounces of gold.
The most recent resource estimate places Measured and Indicated categories at 124 million tons grading 3.4 g/t for 13.54 million ounces and a further Inferred resource of 59 million tons at 2.6 g/t for 4.9 million ounces.
As the company explores and delineation drilling continues, an increasing amount of mineral resource is being brought into reserve status.
In the early years of production, gold output on an annual basis is expected to be at about 400,000 ounces.
AnglGold Ashanti was trading at $44.07, falling $0.34, or 0.77 percent, as of 10:11 AM EDT. Randgold was trading at $87.90, down $0.43, or 0.49 percent.
There wasn't the typical level of resistance for the new town, which will eventually be made up of over 3,500 houses accommodating close to 15,000 people, a government office, church buildings, schools, 7 medical centers and 5 public market places.
While Randgold and AngloGold each hold 45 percent of the project, development responsibilities are Randgold's.
According to Randgold's CEO, Mark Bristow, he believes Kibali is the largest gold mine in Africa outside of South Africa.
It includes a Proven & Probable mineral reserve of 74.32 million tons of ore grading 4.21 g/t gold for a total of 10.05 million ounces of gold.
The most recent resource estimate places Measured and Indicated categories at 124 million tons grading 3.4 g/t for 13.54 million ounces and a further Inferred resource of 59 million tons at 2.6 g/t for 4.9 million ounces.
As the company explores and delineation drilling continues, an increasing amount of mineral resource is being brought into reserve status.
In the early years of production, gold output on an annual basis is expected to be at about 400,000 ounces.
AnglGold Ashanti was trading at $44.07, falling $0.34, or 0.77 percent, as of 10:11 AM EDT. Randgold was trading at $87.90, down $0.43, or 0.49 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.
AngloGold Ashanti (AU) Trades Higher on Economic Weakness
AngloGold Ashanti (NYSE:AU) was able to close up slightly 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.
AngloGold Ashanti Limited participates in the exploration and production of gold. Along with gold, the company also produces and sells silver, uranium and sulphuric acid. The company has operations running around the world.
AngloGold (AU) closed Thursday at $45.61, gaining $0.40, or 0.88 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.
AngloGold Ashanti Limited participates in the exploration and production of gold. Along with gold, the company also produces and sells silver, uranium and sulphuric acid. The company has operations running around the world.
AngloGold (AU) closed Thursday at $45.61, gaining $0.40, or 0.88 percent.
Thursday, May 19, 2011
Miners (JAG) (NEM) (GRS) (RIC) (AU) Trade Up
Shares of Jaguar Mining (NYSE:JAG), Newmont Mining (NYSE:NEM), Gammon Gold (NYSE:GRS), Richmont Mines, Inc. (AMEX:RIC) and AngloGold Ashanti (NYSE:AU) all traded up on Wednesday as gold and silver prices climbed on the day.
Jaguar Mining soared on an earnings beat, closing up over 23 percent 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.
Jaguar Mining (JAG) closed at $5.31, gaining $1.00, or 23.20 percent.
Jaguar Mining soared on an earnings beat, closing up over 23 percent 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.
Jaguar Mining (JAG) closed at $5.31, gaining $1.00, or 23.20 percent.
Wednesday, May 18, 2011
Miners (KGC) (AU) (EGO) (GFI) (AUY) All Close Up Tuesday
Shares of Kinross Gold Corp (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Eldorado Gold Corporation (NYSE:EGO), Gold Fields (NYSE:GFI) and Yamana Gold (NYSE:AUY) 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.
Eldorado Gold Corporation (EGO) closed Tuesday at $15.45, gaining $0.40, or 2.66 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.
Eldorado Gold Corporation (EGO) closed Tuesday at $15.45, gaining $0.40, or 2.66 percent.
Tuesday, May 17, 2011
AngloGold Ashanti (AU) Falls Along with Gold Prices
AngloGold Ashanti (NYSE:AU), along with most other gold miners, fell again in Wednesday trading, as gold price came under pressure 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.
AngloGold Ashanti Limited participates in the exploration and production of gold.
AngloGold Ashanti (AU) closed Wednesday at $44.55, falling $0.64, or 1.41 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.
AngloGold Ashanti Limited participates in the exploration and production of gold.
AngloGold Ashanti (AU) closed Wednesday at $44.55, falling $0.64, or 1.41 percent.
AngloGold Ashanti (AU) Trades Up Monday
Shares of AngloGold Ashanti (NYSE:AU) were up Monday even 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.
AngloGold Ashanti Limited participates in the exploration and production of gold. Along with gold, the company also produces and sells silver, uranium and sulphuric acid. The company has operations running around the world.
AngloGold Ashanti (NYSE:AU) closed at $44.34, gaining $0.73, or 1.67 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.
AngloGold Ashanti Limited participates in the exploration and production of gold. Along with gold, the company also produces and sells silver, uranium and sulphuric acid. The company has operations running around the world.
AngloGold Ashanti (NYSE:AU) closed at $44.34, gaining $0.73, or 1.67 percent.
Monday, May 16, 2011
Rating on AngloGold Ashanti (AU) Reiterated
AngloGold Ashanti (NYSE:AU) had its rating on them of an "Overweight" reiterated by HSBC Securities, which also boosted its price target on the gold miner from $61 to $65.
According to a quarterly report by Societe Generale and metals consultancy GFMS Ltd, AngloGold Ashanti eliminated its remaining hedges, getting rid of 1.33 million ounces in the quarter ended December 31.
AngloGold Ashanti Limited participates in the exploration and production of gold. Along with gold, the company also produces and sells silver, uranium and sulphuric acid. The company has operations running around the world.
AngloGold Ashanti closed Friday at $43.61, dropping $0.85, or 1.91 percent.
According to a quarterly report by Societe Generale and metals consultancy GFMS Ltd, AngloGold Ashanti eliminated its remaining hedges, getting rid of 1.33 million ounces in the quarter ended December 31.
AngloGold Ashanti Limited participates in the exploration and production of gold. Along with gold, the company also produces and sells silver, uranium and sulphuric acid. The company has operations running around the world.
AngloGold Ashanti closed Friday at $43.61, dropping $0.85, or 1.91 percent.
Ratings on (HWAY) (AU) (HPJ) (KSS) Reiterated
Ratings on shares of Healthways (NASDAQ:HWAY), Anglogold (NYSE:AU), Hong Kong Highpower (NASDAQ:HPJ) and Kohl's (NYSE:KSS) reiterated by analysts.
FBR Capital reiterated an "Outperform" rating on Healthways (HWAY). They raised their price target on the company from $17 to $19.
HSBC Securities reiterated an "Overweight" rating on Anglogold (AU). They raised their price target on the company from $61 to $65.
Rodman & Renshaw reiterated a "Market Outperform" rating on Hong Kong Highpower (HPJ). They lowered their price target on the company from $7 to $4.
FBR Capital reiterated a "Market Perform" rating on Kohl's (KSS). They lowered their price target on the company from $58 to $55.
FBR Capital reiterated an "Outperform" rating on Healthways (HWAY). They raised their price target on the company from $17 to $19.
HSBC Securities reiterated an "Overweight" rating on Anglogold (AU). They raised their price target on the company from $61 to $65.
Rodman & Renshaw reiterated a "Market Outperform" rating on Hong Kong Highpower (HPJ). They lowered their price target on the company from $7 to $4.
FBR Capital reiterated a "Market Perform" rating on Kohl's (KSS). They lowered their price target on the company from $58 to $55.
Gold Fields (GFI) (AU) (MGH) (RIC) (HMY) Trade Mixed 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 Gold Fields (NYSE:GFI), AngloGold Ashanti, (NYSE:AU), Minco Gold Corporation (AMEX:MGH), Richmont Mines, Inc. (AMEX:RIC) and Harmony Gold Mining (NYSE:HMY) - which closed mixed - 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.
Richmont Mines (RIC) closed Friday at $7.88, gaining $0.48, or 6.49 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.
Richmont Mines (RIC) closed Friday at $7.88, gaining $0.48, or 6.49 percent.
Friday, May 13, 2011
Price Targets on (ADES) (AMGN) (AU) (BCE) (CA) Updated
Price targets on ADA-ES Inc (NASDAQ: ADES), Amgen, Inc. (NASDAQ: AMGN), AngloGold Ashanti (NYSE: AU), BCE Inc. (NYSE: BCE) and CA Tech (NYSE: CA) were updated by analysts.
Wedbush cut their price target on ADA-ES Inc (ADES) from $21.00 to $13.00.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Amgen, Inc. (AMGN) from $65.00 to $70.00.
HSBC (NYSE:HBC) raised their price target on AngloGold Ashanti (AU) from $61.00 to $65.00. They have an “overweight” rating on the company.
RBC Capital raised their price target on BCE Inc. (BCE) from $37.00 to $40.00. They have an “outperform” rating on the company.
RBC Capital cut their price target on CA Tech (CA) from $30.00 to $28.00. They have an “outperform” rating on the company.
Wedbush cut their price target on ADA-ES Inc (ADES) from $21.00 to $13.00.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Amgen, Inc. (AMGN) from $65.00 to $70.00.
HSBC (NYSE:HBC) raised their price target on AngloGold Ashanti (AU) from $61.00 to $65.00. They have an “overweight” rating on the company.
RBC Capital raised their price target on BCE Inc. (BCE) from $37.00 to $40.00. They have an “outperform” rating on the company.
RBC Capital cut their price target on CA Tech (CA) from $30.00 to $28.00. They have an “outperform” rating on the company.
Wednesday, May 11, 2011
Miners (ABX) (KGC) (ANV) (RGLD) (AU) Trade Mixed as Gold Jumps Again
Shares of gold miners Allied Nevada Gold (AMEX:ANV), Royal Gold (Nasdaq:RGLD), Barrick Gold (NYSE:ABX), AngloGold Ashanti (NYSE:AU) and Kinross Gold Corp (NYSE:KGC)close mixed Tuesday as gold bumps up again.
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.
Barrick Gold closed at $47.65, down $0.02, or 0.04 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.
Barrick Gold closed at $47.65, down $0.02, or 0.04 percent.
Tuesday, May 10, 2011
Miners (ABX) (RGLD) (JAG) (RIC) (AU) Trade Mixed as Gold, Silver Rebound
Gold miners Barrick Gold (NYSE:ABX), Royal Gold (Nasdaq:RGLD), Jaguar Mining (NYSE:JAG), Richmont Mines, Inc. (AMEX:RIC) and AngloGold Ashanti (NYSE:AU) closed mixed Monday as gold prices turned around on Monday.
All the miners listed above closed up with the exception of Jaguar Mining.
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.
Richmont Mines, Inc. (AMEX:RIC) closed Monday at $8.12, gaining $0.40, or 5.18 percent.
All the miners listed above closed up with the exception of Jaguar Mining.
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.
Richmont Mines, Inc. (AMEX:RIC) closed Monday at $8.12, gaining $0.40, or 5.18 percent.
Monday, May 9, 2011
Miners (AU) (AUY) (IAG) (JAG) (BVN) 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 AngloGold Ashanti (NYSE:AU), Yamana Gold (NYSE:AUY), IAMGOLD Corporation (NYSE:IAG), Jaguar Mining (NYSE:JAG) and Compania Mina Buenaventura, S.A (NYSE:BVN).
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.
Compania Mina Buenaventura, S.A (BVN) closed Friday at $41.11, gaining $1.45, or 3.66 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.
Compania Mina Buenaventura, S.A (BVN) closed Friday at $41.11, gaining $1.45, or 3.66 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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