Newmont Mining Co. (NEM), Goldcorp Inc. (GG), Kinross Gold (KGC), Jaguar Mining (JAG), Ivanhoe Mines Ltd (IVN), Silvercrest Mines (STVZF) and Primero Mining Corp. (PPP) had ratings and price targets on them adjusted by analysts.
Citigroup downgraded Newmont Mining Co. (NEM) from a "Buy" rating to a "Neutral" rating.
Citigroup initiated coverage on Goldcorp Inc. (GG). They have a "Neutral" rating on the company.
Citigroup initiated coverage on Kinross Gold (KGC). They have a "Buy" rating on the company.
RBC Capital downgraded Jaguar Mining (JAG) from a "Sector Perform" rating to an "Underperform" rating.
BMO Capital Markets downgraded Ivanhoe Mines Ltd (IVN) from an "Outperform" rating to a "Market Perform" rating.
Roth Capital initiated coverage on Silvercrest Mines (STVZF). They have a "Buy" rating on the company.
BMO Capital Markets upgraded Primero Mining Corp. (PPP) from a "Market Perform" rating to an "Outperform" rating.
Showing posts with label Goldcorp Inc. Show all posts
Showing posts with label Goldcorp Inc. Show all posts
Thursday, April 5, 2012
Friday, December 16, 2011
Goldcorp (GG) (SWY) (SXC) (SYY) (FSLR) (HAL) Ratings, Price Targets
Goldcorp Inc. (NYSE: GG), Safeway Inc. (SWY), Suncoke Energy Inc. (SXC), SYSCO Co. (SYY), First Solar, Inc. (NASDAQ: FSLR) and Halliburton (NYSE:HAL) ratings and price targets.
Cantor Fitzgerald initiated coverage on Safeway Inc. (SWY). They placed a “Sell” rating on the company.
KeyBanc initiated coverage on Suncoke Energy Inc. (SXC). They placed a “Buy” rating on the company.
Cantor Fitzgerald initiated coverage on SYSCO Co. (SYY). They placed a “Hold” rating on the company.
First Solar, Inc. (FSLR) had its rating reiterated at "Underperform” by Zacks Investment Research. They have a price target of $30.00 on the company.
Goldcorp Inc. (GG) had its rating reiterated at “Neutral” by Zacks Investment Research. They have a price target of $48.00 on the company.
Halliburton (HAL) had its rating reiterated at “Neutral” by Zacks Investment Research. They have a price target of $33.00 on the company.
Cantor Fitzgerald initiated coverage on Safeway Inc. (SWY). They placed a “Sell” rating on the company.
KeyBanc initiated coverage on Suncoke Energy Inc. (SXC). They placed a “Buy” rating on the company.
Cantor Fitzgerald initiated coverage on SYSCO Co. (SYY). They placed a “Hold” rating on the company.
First Solar, Inc. (FSLR) had its rating reiterated at "Underperform” by Zacks Investment Research. They have a price target of $30.00 on the company.
Goldcorp Inc. (GG) had its rating reiterated at “Neutral” by Zacks Investment Research. They have a price target of $48.00 on the company.
Halliburton (HAL) had its rating reiterated at “Neutral” by Zacks Investment Research. They have a price target of $33.00 on the company.
Monday, August 22, 2011
Gold Jumping on QE3 Speculation
Speculation the Federal Reserve will introduce another round of quantitative easing had the price gold surpassing the $1,890 mark early in the trading day, as investors continue to migrate toward safety in the volatile and weak economy.
Gold broke $1,890 in New York and London, as the failed Obama economic policies continue to weigh on the global economy.
While some continue to talk double-dip recession, we at Everything Gold have maintained we've never left the recession, as the data continue to confirm.
Others who believed in the recovery myth are now talking entering a recession, which has helped offer support to the price of gold, as well as the ongoing sovereign debt debacle in Europe. An earlier-than-expected QE3 adds more fuel to the gold price fire, and could cause an inevitable correction in gold to be somewhat subdued in comparison to what it may have been.
Barrick Gold (NYSE:ABX) was trading at $52.61, gaining $1.83, or 3.60 percent, as of 11:48 AM. Yamana Gold (NYSE:AUY) was trading at $15.94, jumping $0.43, or 2.77 percent. Newmont Mining (NYSE:NEM) was at $63.23, climbing $3.15, or 5.24 percent. Goldcorp was trading at $53.96, increasing $2.31, or 4.47 percent. Eldorado Gold was at $20.12, up $0.73, or 3.76 percent. Novagold was trading at $10.05, gaining $0.49, or 5.13 percent.
Gold broke $1,890 in New York and London, as the failed Obama economic policies continue to weigh on the global economy.
While some continue to talk double-dip recession, we at Everything Gold have maintained we've never left the recession, as the data continue to confirm.
Others who believed in the recovery myth are now talking entering a recession, which has helped offer support to the price of gold, as well as the ongoing sovereign debt debacle in Europe. An earlier-than-expected QE3 adds more fuel to the gold price fire, and could cause an inevitable correction in gold to be somewhat subdued in comparison to what it may have been.
Barrick Gold (NYSE:ABX) was trading at $52.61, gaining $1.83, or 3.60 percent, as of 11:48 AM. Yamana Gold (NYSE:AUY) was trading at $15.94, jumping $0.43, or 2.77 percent. Newmont Mining (NYSE:NEM) was at $63.23, climbing $3.15, or 5.24 percent. Goldcorp was trading at $53.96, increasing $2.31, or 4.47 percent. Eldorado Gold was at $20.12, up $0.73, or 3.76 percent. Novagold was trading at $10.05, gaining $0.49, or 5.13 percent.
Tuesday, August 9, 2011
JPMorgan (JPM) Says Gold Could Push $2,500 by the End of 2011
After three straight days of a huge gold rally, the largest since 2008, JPMorgan (NYSE:JPM) said gold could go crazy and soar to as high as $2,500 an ounce by the end of 2011.
This of course is led by Obama and the Democrat refusing to do the responsible thing and cut back on government spending (along with some Republicans).
Gold has jumped recently to an all-time high of $1,779 an ounce. The $2,500 mark, if reached, would represent a new high when taking into consideration being adjusted for inflation.
Goldman Sachs (NYSE:GS) has also joined the gold chorus, saying they see it hitting $1,730 an ounce within 6 months and $1,900 an ounce in 12 months.
Keynesianism is in its death throes as the realization the failed economic theory of the government printing money to escape recessions is just that - a failed one. Socialism everywhere is on the run as the unsustainability of entitlement programs and excessive military spending is increasingly being made clear to a growing number of people.
Consequently, the reason gold is soaring is not only as a safety hedge and defense against inflation, but it's value and recognition as a viable currency is roaring back. Gold has also broken away from the impact of demand, from and industrial standpoint, no longer considered to be affected by the business cycle.
As expected, gold miners are trading up today, with Yamana Gold (NYSE:AUY) trading at $13.61, gaining $0.16, or 1.19 percent, as of 12:14 PM EDT. NovaGold (NYSE:NG) was at $9.30, up $0.26, or 2.88 percent. Eldorado Gold (NYSE:EGO) was trading at $18.08, gaining $0.20, or 1.12 percent. Newmont Mining (NYSE:NEM) was at $54.46, up $0.33, or 0.61 percent. Goldcorp was trading at $46.66, gaining $0.22, or 0.47 percent. Barrick Gold was at $46.62, jumping $0.48, or 1.04 percent.
This of course is led by Obama and the Democrat refusing to do the responsible thing and cut back on government spending (along with some Republicans).
Gold has jumped recently to an all-time high of $1,779 an ounce. The $2,500 mark, if reached, would represent a new high when taking into consideration being adjusted for inflation.
Goldman Sachs (NYSE:GS) has also joined the gold chorus, saying they see it hitting $1,730 an ounce within 6 months and $1,900 an ounce in 12 months.
Keynesianism is in its death throes as the realization the failed economic theory of the government printing money to escape recessions is just that - a failed one. Socialism everywhere is on the run as the unsustainability of entitlement programs and excessive military spending is increasingly being made clear to a growing number of people.
Consequently, the reason gold is soaring is not only as a safety hedge and defense against inflation, but it's value and recognition as a viable currency is roaring back. Gold has also broken away from the impact of demand, from and industrial standpoint, no longer considered to be affected by the business cycle.
As expected, gold miners are trading up today, with Yamana Gold (NYSE:AUY) trading at $13.61, gaining $0.16, or 1.19 percent, as of 12:14 PM EDT. NovaGold (NYSE:NG) was at $9.30, up $0.26, or 2.88 percent. Eldorado Gold (NYSE:EGO) was trading at $18.08, gaining $0.20, or 1.12 percent. Newmont Mining (NYSE:NEM) was at $54.46, up $0.33, or 0.61 percent. Goldcorp was trading at $46.66, gaining $0.22, or 0.47 percent. Barrick Gold was at $46.62, jumping $0.48, or 1.04 percent.
Thursday, August 4, 2011
Gold Futures Soar to Record $1,684.70 An Ounce
Gold futures jumped to another record today, reaching as high as $1,684.70 in morning trading, as investors continue to pour their money into the safety of the yellow metal.
Gold futures for December delivery climbed $12.70, or 0.8 percent, to $1,679 at 10:29 A.M. on the Comex in New York after earlier reaching the record amount. This is the third day in a row gold has broken records.
The misguided actions of American politicians to raise the debt ceiling will increase the pace at which the U.S. dollar will eventually stop being the reserve currency of the world.
Even with the outrageous quantitative easing of the Federal Reserve and the Obama administration, the recession continues, no jobs have been created, and the value of the U.S. dollar continues to plunge. Gold will continue to rise in price under these conditions.
Gold miners, which have largely been lagging the upward price move of gold, show signs of beginning to be rewarded, as recent quarterly reports from Alamos Gold (TSX:AGI) and Yamana Gold (NYSE:AUY) seem to reveal that may be over. Most of this is in direct relationship to rising gold prices, as input costs have risen.
Even so, gold miners are getting punished today, as majors like Newmont Mining (NYSE:NEM), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) are all trading down between 3 to 5 percent.
Gold futures for December delivery climbed $12.70, or 0.8 percent, to $1,679 at 10:29 A.M. on the Comex in New York after earlier reaching the record amount. This is the third day in a row gold has broken records.
The misguided actions of American politicians to raise the debt ceiling will increase the pace at which the U.S. dollar will eventually stop being the reserve currency of the world.
Even with the outrageous quantitative easing of the Federal Reserve and the Obama administration, the recession continues, no jobs have been created, and the value of the U.S. dollar continues to plunge. Gold will continue to rise in price under these conditions.
Gold miners, which have largely been lagging the upward price move of gold, show signs of beginning to be rewarded, as recent quarterly reports from Alamos Gold (TSX:AGI) and Yamana Gold (NYSE:AUY) seem to reveal that may be over. Most of this is in direct relationship to rising gold prices, as input costs have risen.
Even so, gold miners are getting punished today, as majors like Newmont Mining (NYSE:NEM), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) are all trading down between 3 to 5 percent.
Friday, July 29, 2011
Trina (TSL) (GG) (AKS) (GLW) (HES) (WLL) (NEE) Downgraded
Trina Solar (NYSE: TSL), Goldcorp Inc. (NYSE: GG), AK Steel Holding Co. (NYSE: AKS), Corning Inc. (NYSE: GLW), Hess Corp (NYSE: HES), Whiting Petroleum Co. (NYSE: WLL) and NextEra Energy, Inc. (NYSE: NEE) downgraded by analysts.
AK Steel Holding Co. (AKS) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Goldcorp Inc. (GG) was downgraded by TD Newcrest to a “Buy” rating.
Corning Inc. (GLW) was downgraded by Credit Agricole to an "Outperform” rating.
Hess Corp. (HES) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $84.00 on the company.
Trina Solar (TSL) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating.
Whiting Petroleum Co. (WLL) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
NextEra Energy, Inc. (NEE) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $59.00 on the company.
AK Steel Holding Co. (AKS) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Goldcorp Inc. (GG) was downgraded by TD Newcrest to a “Buy” rating.
Corning Inc. (GLW) was downgraded by Credit Agricole to an "Outperform” rating.
Hess Corp. (HES) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $84.00 on the company.
Trina Solar (TSL) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating.
Whiting Petroleum Co. (WLL) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
NextEra Energy, Inc. (NEE) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $59.00 on the company.
Monday, July 25, 2011
NovaGold (NG) (GG) (NEM) (EGO) (ABX) Trading Up as Gold Jumps
The price of gold is hopping again today, pushing up shares of gold miners like NovaGold (NYSE:NG), Goldcorp (NYSE:GG), Newmont (NYSE:NEM), Eldorado Gold (NYSE: EGO) and Barrick Gold (NYSE:ABX), as the market remains jittery over the inability of politicians to come to a conclusion concerning the debt ceiling.
U.S. gold futures for August delivery rose to $16.80 an ounce at $1,618.30.
Spot gold climbed as high as $1,624 an ounce and was up 1.1 percent at $1,615.74 an ounce.
Expectations are the price of gold will be volatile this week, moving in conjunction with news stories released covering the negotiations.
Silver Prices jumped to $41.08 an ounce in Monday morning – a 2.5 gain from the close on Friday. It has pulled back since then.
U.S. gold futures for August delivery rose to $16.80 an ounce at $1,618.30.
Spot gold climbed as high as $1,624 an ounce and was up 1.1 percent at $1,615.74 an ounce.
Expectations are the price of gold will be volatile this week, moving in conjunction with news stories released covering the negotiations.
Silver Prices jumped to $41.08 an ounce in Monday morning – a 2.5 gain from the close on Friday. It has pulled back since then.
Thursday, July 14, 2011
Gold Prices Today Soaring on Debt Fears
With U.S. and European debt generating huge concerns among investors, gold continues to push up, increasing by $3 to $1,588.50 an ounce at the Comex division of the New York Mercantile Exchange for August delivery.
Gold has reached as high as $1,594.90, as it presses toward the $1,600 an ounce mark.
The euro was up 0.33 percent against the dollar, while the dollar index remains flat at $74.96.
Uncertainty in the U.S. and Europe continues to be the determining factor in the price of gold during this time, and the hint toward the Federal Reserve being ready to pour more money into the market and further devalue the U.S. dollar is more fuel to the gold price fire.
Also on the back of the minds of investors is the inflation situation in China and India. India just announced inflation climbed to 9.44 percent in Junem up form 9.06 percent in May. Production prices in the U.S. also help gold, and silver as well, falling 0.4 percent below what was being looked for.
Barrick Gold (NYSE:ABX) and US Gold Corp (NYSE:UXG) have been the recipients of bullish call activity recently, with investors acquired 53,000 call options in comparison to 20,000 puts.
US Gold has heavy call activity for November. The share price has been jumping since it hit $5.82 on Monday. It was trading at $6.65, as of 10:59 AM EDT.
A number of gold miners have pulled back after jumping in early morning trading. Goldcorp was at $54.01, falling 0.23, or 0.42 percent, as of 11:00 AM EDT. Yamana Gold (NYSE:AUY) was at $13.01, down $0.14, or 1.06 percent. Eldorado Gold was trading at $17.76, declining $0.01, or 0.06 percent. NovaGold was at $10.06, dropping $0.21, or 2.04 percent.
Gold has reached as high as $1,594.90, as it presses toward the $1,600 an ounce mark.
The euro was up 0.33 percent against the dollar, while the dollar index remains flat at $74.96.
Uncertainty in the U.S. and Europe continues to be the determining factor in the price of gold during this time, and the hint toward the Federal Reserve being ready to pour more money into the market and further devalue the U.S. dollar is more fuel to the gold price fire.
Also on the back of the minds of investors is the inflation situation in China and India. India just announced inflation climbed to 9.44 percent in Junem up form 9.06 percent in May. Production prices in the U.S. also help gold, and silver as well, falling 0.4 percent below what was being looked for.
Barrick Gold (NYSE:ABX) and US Gold Corp (NYSE:UXG) have been the recipients of bullish call activity recently, with investors acquired 53,000 call options in comparison to 20,000 puts.
US Gold has heavy call activity for November. The share price has been jumping since it hit $5.82 on Monday. It was trading at $6.65, as of 10:59 AM EDT.
A number of gold miners have pulled back after jumping in early morning trading. Goldcorp was at $54.01, falling 0.23, or 0.42 percent, as of 11:00 AM EDT. Yamana Gold (NYSE:AUY) was at $13.01, down $0.14, or 1.06 percent. Eldorado Gold was trading at $17.76, declining $0.01, or 0.06 percent. NovaGold was at $10.06, dropping $0.21, or 2.04 percent.
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.
Friday, July 1, 2011
Miners (ABX) (GG) (NEM) Close Up While Gold Falls
Newmont Mining (NYSE:NEM), Barrick Gold (NYSE:ABX) and Goldcorp (NYSE:GG) closed up Thursday, even as gold prices fell.
Gold closed down on the last day of the quarter, as prices weakened after Greece voted for austerity measures in order to prevent a debt default by securing financial aid.
Even so, gold still finished the quarter in positive territory because of an ongoing extremely weak global economy.
As for the sovereign debt crisis in Europe, it continues to fluctuate back and forth as the EU battles to keep countries from becoming the first domino to drop in what could quickly become a contagion. The sovereign debt situation in Europe is far from being solved or safe.
Gold closed the quarter up by close to five percent, settling at $1,502.80, down $7.60 for August futures. Spot gold was trading at just over $1,500 an ounce.
The inability of gold to rally on a weak U.S. dollar has some concerned it could be a negative sign for the next quarter. Against a basket of currencies the greenback was down half a percent. Most of that on an expected increase in interest rates in Europe.
Silver also closed down Thursday, ending the quarter down 7.5 percent. If it doesn't find more support, many believe it could drop significantly more before it begins its upward climb again. Silver had nine straight positive quarters before this one.
Newmont Mining closed at $53.97, gaining $0.45, or 0.84 percent. Goldcorp closed at $48.27, up $0.02, or 0.04 percent. Barrick Gold closed at $45.29, rising $0.21, or 0.47 percent.
Gold closed down on the last day of the quarter, as prices weakened after Greece voted for austerity measures in order to prevent a debt default by securing financial aid.
Even so, gold still finished the quarter in positive territory because of an ongoing extremely weak global economy.
As for the sovereign debt crisis in Europe, it continues to fluctuate back and forth as the EU battles to keep countries from becoming the first domino to drop in what could quickly become a contagion. The sovereign debt situation in Europe is far from being solved or safe.
Gold closed the quarter up by close to five percent, settling at $1,502.80, down $7.60 for August futures. Spot gold was trading at just over $1,500 an ounce.
The inability of gold to rally on a weak U.S. dollar has some concerned it could be a negative sign for the next quarter. Against a basket of currencies the greenback was down half a percent. Most of that on an expected increase in interest rates in Europe.
Silver also closed down Thursday, ending the quarter down 7.5 percent. If it doesn't find more support, many believe it could drop significantly more before it begins its upward climb again. Silver had nine straight positive quarters before this one.
Newmont Mining closed at $53.97, gaining $0.45, or 0.84 percent. Goldcorp closed at $48.27, up $0.02, or 0.04 percent. Barrick Gold closed at $45.29, rising $0.21, or 0.47 percent.
Monday, May 23, 2011
Goldcorp (GG) Closed Week on Positive Note
After a volatile week, gold prices finally settled up and Goldcorp (NYSE:GG) ended the week up with it.
June gold closed on Friday at $1,508.90 an ounce, up $16.50, trading in a range of $1,486.40 and $1,515.80.
For the Week gold was up by about 1.15 percent, but still down 4 percent from the all-time high of $1,575 an ounce reached in the early part of May.
Silver closed at $35.16, up 0.6 percent, but down by about 30 percent since a record high on April 28 of $49.51.
Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North, Central and South America.
Goldcorp closed Friday at $48.67, up $0.31, or 0.64 percent. It has a market cap of 38.88 billion.
June gold closed on Friday at $1,508.90 an ounce, up $16.50, trading in a range of $1,486.40 and $1,515.80.
For the Week gold was up by about 1.15 percent, but still down 4 percent from the all-time high of $1,575 an ounce reached in the early part of May.
Silver closed at $35.16, up 0.6 percent, but down by about 30 percent since a record high on April 28 of $49.51.
Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North, Central and South America.
Goldcorp closed Friday at $48.67, up $0.31, or 0.64 percent. It has a market cap of 38.88 billion.
Friday, May 20, 2011
Barrick (ABX) (KGC) (GG) (NEM) 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 major miners like Kinross Gold Corp (NYSE:KGC), Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG) and Newmont Mining (NYSE:NEM).
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.
Kinross Gold (KGC) was trading at $15.00, up $0.14, or 0.94 percent, as of 1:09 PM EDT. Barrick Gold (ABX) was trading at $45.94, gaining $0.37, or 0.81 percent. Goldcorp (GG) was at $49.04, rising $0.68, or 1.41 percent. Newmont (NEM) was trading at $54.63, climbing $0.57, or 1.05 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.
Kinross Gold (KGC) was trading at $15.00, up $0.14, or 0.94 percent, as of 1:09 PM EDT. Barrick Gold (ABX) was trading at $45.94, gaining $0.37, or 0.81 percent. Goldcorp (GG) was at $49.04, rising $0.68, or 1.41 percent. Newmont (NEM) was trading at $54.63, climbing $0.57, or 1.05 percent.
Goldcorp (GG) Trades Down as Gold Prices Fall
Goldcorp (NYSE:GG) traded down as gold prices fell slightly on Thursday.
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.
Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North America, Mexico, and Central and South America. Along with gold it also produces and sells silver, copper, lead, and zinc.
Goldcorp (NYSE:GG) closed Thursday at $48.36, falling $0.29, or 0.60 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.
Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North America, Mexico, and Central and South America. Along with gold it also produces and sells silver, copper, lead, and zinc.
Goldcorp (NYSE:GG) closed Thursday at $48.36, falling $0.29, or 0.60 percent.
Thursday, May 19, 2011
Ratings on (DKS) (GG) (ING) (KBH) (LNN) Upgraded
Ratings on shares of Dick’s Sporting Goods (NYSE: DKS), Goldcorp Inc. (NYSE: GG), ING Group (NYSE: ING), KB Home (NYSE: KBH) and Lindsay Corp (NYSE: LNN) were Upgraded by analysts.
Susquehanna analysts upgraded Dick’s Sporting Goods (DKS) from a “neutral” rating to a “positive” rating.
HSBC (NYSE:HBC) upgraded Goldcorp Inc. (GG) from a “neutral” rating to an “overweight” rating.
Keefe, Bruyette & Woods, Inc upgraded ING Groep (ING) from an “underperform” rating to a “market perform” rating.
UBS AG (NYSE:UBS) upgraded KB Home (KBH) from a “sell” rating to a “neutral” rating. They have a price target of $11.00 on the company.
Wedbush upgraded Lindsay Corp (LNN) from an “underperform” rating to a “neutral” rating. They have a price target of $65.00 on the company.
Susquehanna analysts upgraded Dick’s Sporting Goods (DKS) from a “neutral” rating to a “positive” rating.
HSBC (NYSE:HBC) upgraded Goldcorp Inc. (GG) from a “neutral” rating to an “overweight” rating.
Keefe, Bruyette & Woods, Inc upgraded ING Groep (ING) from an “underperform” rating to a “market perform” rating.
UBS AG (NYSE:UBS) upgraded KB Home (KBH) from a “sell” rating to a “neutral” rating. They have a price target of $11.00 on the company.
Wedbush upgraded Lindsay Corp (LNN) from an “underperform” rating to a “neutral” rating. They have a price target of $65.00 on the company.
Ratings on (DKS) (GG) (ING) (KBH) (LNN) Upgraded
Ratings on shares of Dick’s Sporting Goods (NYSE: DKS), Goldcorp Inc. (NYSE: GG), ING Group (NYSE: ING), KB Home (NYSE: KBH) and Lindsay Corp (NYSE: LNN) were Upgraded by analysts.
Susquehanna analysts upgraded Dick’s Sporting Goods (DKS) from a “neutral” rating to a “positive” rating.
HSBC (NYSE:HBC) upgraded Goldcorp Inc. (GG) from a “neutral” rating to an “overweight” rating.
Keefe, Bruyette & Woods, Inc upgraded ING Group (ING) from an “underperform” rating to a “market perform” rating.
UBS AG (NYSE:UBS) upgraded KB Home (KBH) from a “sell” rating to a “neutral” rating. They have a price target of $11.00 on the company.
Wedbush upgraded Lindsay Corp (LNN) from an “underperform” rating to a “neutral” rating. They have a price target of $65.00 on the company.
Susquehanna analysts upgraded Dick’s Sporting Goods (DKS) from a “neutral” rating to a “positive” rating.
HSBC (NYSE:HBC) upgraded Goldcorp Inc. (GG) from a “neutral” rating to an “overweight” rating.
Keefe, Bruyette & Woods, Inc upgraded ING Group (ING) from an “underperform” rating to a “market perform” rating.
UBS AG (NYSE:UBS) upgraded KB Home (KBH) from a “sell” rating to a “neutral” rating. They have a price target of $11.00 on the company.
Wedbush upgraded Lindsay Corp (LNN) from an “underperform” rating to a “neutral” rating. They have a price target of $65.00 on the company.
Miners Goldcorp (GG) (NXG) (TRE) (EGO) Trade Down
Shares of Goldcorp (NYSE:GG), Northgate Minerals (AMEX:NXG), Tanzanian Royalty Exploration (AMEX:TRE) and Eldorado Gold Corporation (NYSE:EGO) all traded down on Wednesday even 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.
Eldorado Gold Corporation (EGO) closed Wednesday at $15.12, falling $0.33, or 2.14 percent. Goldcorp closed at $48.65, down $0.06, or 0.12 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.
Eldorado Gold Corporation (EGO) closed Wednesday at $15.12, falling $0.33, or 2.14 percent. Goldcorp closed at $48.65, down $0.06, or 0.12 percent.
Wednesday, May 18, 2011
Ratings on (DKS) (GG) (ING) (KBH) (LNN) Upgraded
Ratings on shares of Dick’s Sporting Goods (NYSE: DKS), Goldcorp Inc. (NYSE: GG), ING Groep (NYSE: ING), KB Home (NYSE: KBH) and Lindsay Corp (NYSE: LNN) were Upgraded by analysts.
Susquehanna analysts upgraded Dick’s Sporting Goods (DKS) from a “neutral” rating to a “positive” rating.
HSBC (NYSE:HBC) upgraded Goldcorp Inc. (GG) from a “neutral” rating to an “overweight” rating.
Keefe, Bruyette & Woods, Inc upgraded ING Groep (ING) from an “underperform” rating to a “market perform” rating.
UBS AG (NYSE:UBS) upgraded KB Home (KBH) from a “sell” rating to a “neutral” rating. They have a price target of $11.00 on the company.
Wedbush upgraded Lindsay Corp (LNN) from an “underperform” rating to a “neutral” rating. They have a price target of $65.00 on the company.
Susquehanna analysts upgraded Dick’s Sporting Goods (DKS) from a “neutral” rating to a “positive” rating.
HSBC (NYSE:HBC) upgraded Goldcorp Inc. (GG) from a “neutral” rating to an “overweight” rating.
Keefe, Bruyette & Woods, Inc upgraded ING Groep (ING) from an “underperform” rating to a “market perform” rating.
UBS AG (NYSE:UBS) upgraded KB Home (KBH) from a “sell” rating to a “neutral” rating. They have a price target of $11.00 on the company.
Wedbush upgraded Lindsay Corp (LNN) from an “underperform” rating to a “neutral” rating. They have a price target of $65.00 on the company.
Miners (ABX) (GG) (ANV) (NEM) (NG) All Close Up Tuesday
Shares of Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), Allied Nevada Gold (AMEX:ANV), Newmont Mining (NYSE:NEM) and NovaGold Resources Inc. (AMEX:NG) went against the tide 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.
Newmont closed Tuesday at $53.53, gaining $0.59, or 1.11 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.
Newmont closed Tuesday at $53.53, gaining $0.59, or 1.11 percent.
Tuesday, May 17, 2011
Goldcorp's (NYSE:GG) Trading Up as Gold Prices Rebound
Like some of its gold mining peers, Goldcorp's (NYSE:GG) shares enjoyed a resurgence after the price of gold rebounded after getting off to a slow start in morning trading.
Commodities overall seem to be stabilizing after a wild and volatile ride recently. Silver has come back into positive territory after diving to start the day off.
Goldcorp Inc., which participates in the acquisition, exploration, development, and operation of precious metal properties in North America, Mexico, and Central and South America, is moving in a tight range from $46.87 - $48.41 on the day.
It is trading at $48.12, gaining $0.20, or 0.42 percent, as of 2:14 PM EDT.
Commodities overall seem to be stabilizing after a wild and volatile ride recently. Silver has come back into positive territory after diving to start the day off.
Goldcorp Inc., which participates in the acquisition, exploration, development, and operation of precious metal properties in North America, Mexico, and Central and South America, is moving in a tight range from $46.87 - $48.41 on the day.
It is trading at $48.12, gaining $0.20, or 0.42 percent, as of 2:14 PM EDT.
Goldcorp (GG) Trades Up Monday
Shares of Goldcorp (NYSE:GG) 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.
Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North America, Mexico, and Central and South America. Along with gold it also produces and sells silver, copper, lead, and zinc.
Goldcorp (GG) closed at $48.43, gaining $0.67, or 1.40 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.
Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North America, Mexico, and Central and South America. Along with gold it also produces and sells silver, copper, lead, and zinc.
Goldcorp (GG) closed at $48.43, gaining $0.67, or 1.40 percent.
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