IAMGOLD (IAG), Kinder Morgan (KMI), Zions Bancorporation (ZION), Companhia Energetica de MinasGerais (CIG), Harley-Davidson, Inc. (HOG), Dole Food (DOLE) and Domino's Pizza, Inc. (DPZ) had ratings and price targets on them adjusted by analysts.
Macquarie upgraded IAMGOLD (IAG) from a "Neutral" rating to a "Outperform" rating.
Bank of America downgraded Kinder Morgan (KMI) to an "Underperform" rating.
Sanford C. Bernstein downgraded Zions Bancorporation (ZION) from a "Outperform" rating to a "Market Perform" rating.
UBS AG upgraded Companhia Energetica de MinasGerais (CIG) from a "Sell" rating to a "Neutral" rating.
BMO Capital Markets upgraded Harley-Davidson, Inc. (HOG) from a "Market Perform" rating to an "Outperform" rating.
JPMorgan Chase & Co. downgraded Dole Food (DOLE) from an "Overweight" rating to a "Neutral" rating.
Bank of America downgraded Domino's Pizza, Inc. (DPZ) to an "Underperform" rating.
Showing posts with label Iamgold. Show all posts
Showing posts with label Iamgold. Show all posts
Tuesday, March 20, 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).
Friday, December 9, 2011
IAMGOLD (IAG) (THQI) (TSLA) (INFY) (JAZZ) (JEF) Downgraded
IAMGOLD Corp (NYSE: IAG), THQ Inc. (NASDAQ: THQI), Tesla Motors Inc. (NASDAQ: TSLA), Infosys Technologies Ltd (NASDAQ: INFY), Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) and Jefferies Group, Inc. (NYSE: JEF) were downgraded by analysts.
IAMGOLD Corp (IAG) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
THQ Inc. (THQI) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
Tesla Motors Inc. (TSLA) was downgraded by UBS AG (NYSE:UBS) from an “Underweight” rating to a “Buy” rating. They have a price target of $44.00 on the company, down from $510.00.
Infosys Technologies Ltd (INFY) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.
Jazz Pharmaceuticals, Inc. (JAZZ) was downgraded by WBB Securities from a “Buy” rating to a “Hold” rating. They have a price target of $40.00 on the company, up from $15.00.
Jefferies Group, Inc. (JEF) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
IAMGOLD Corp (IAG) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
THQ Inc. (THQI) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
Tesla Motors Inc. (TSLA) was downgraded by UBS AG (NYSE:UBS) from an “Underweight” rating to a “Buy” rating. They have a price target of $44.00 on the company, down from $510.00.
Infosys Technologies Ltd (INFY) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.
Jazz Pharmaceuticals, Inc. (JAZZ) was downgraded by WBB Securities from a “Buy” rating to a “Hold” rating. They have a price target of $40.00 on the company, up from $15.00.
Jefferies Group, Inc. (JEF) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
Thursday, December 8, 2011
IAMGOLD (IAG) (MSG) (MTN) (MTRX) (HVRRY) (HWAY) Ratings, Price Targets
IAMGOLD Corp (IAG), Madison Square Garden, Inc. (MSG), Vail Resorts (MTN), Matrix Service Company (MTRX), Hannover Rueckversicherung AG (HVRRY) and Healthways, Inc. (HWAY) ratings and price targets.
Morgan Stanley (NYSE:MS) upgraded Madison Square Garden, Inc. (MSG) from an “Underweight” rating to an “Overweight” rating. They have a price target of $35.00 on the company.
Zacks Investment Research upgraded Vail Resorts (MTN) from an “Underperform” rating to a “Neutral” rating.
Zacks Investment Research upgraded Matrix Service Company (MTRX) from an “Underperform” rating to a “Neutral” rating.
UBS AG (NYSE:UBS) downgraded Hannover Rueckversicherung AG (HVRRY) from a “Buy” rating to a “Neutral” rating.
Stifel Nicolaus upgraded Healthways, Inc. (HWAY) from a “Hold” rating to a “Buy” rating. They have a price target of $13.00 on the company.
Zacks Investment Research downgraded IAMGOLD Corp (IAG) from an “Outperform” rating to a “Neutral” rating.
Morgan Stanley (NYSE:MS) upgraded Madison Square Garden, Inc. (MSG) from an “Underweight” rating to an “Overweight” rating. They have a price target of $35.00 on the company.
Zacks Investment Research upgraded Vail Resorts (MTN) from an “Underperform” rating to a “Neutral” rating.
Zacks Investment Research upgraded Matrix Service Company (MTRX) from an “Underperform” rating to a “Neutral” rating.
UBS AG (NYSE:UBS) downgraded Hannover Rueckversicherung AG (HVRRY) from a “Buy” rating to a “Neutral” rating.
Stifel Nicolaus upgraded Healthways, Inc. (HWAY) from a “Hold” rating to a “Buy” rating. They have a price target of $13.00 on the company.
Zacks Investment Research downgraded IAMGOLD Corp (IAG) from an “Outperform” rating to a “Neutral” rating.
Friday, December 2, 2011
IAMGOLD (IAG) (DOLE) (FCN) (FDP) (HURN) Get New Coverage
IAMGOLD Corp (NYSE: IAG), Dole Food (NASDAQ: DOLE), FTI Consulting, Inc. (NYSE: FCN), Fresh Del Monte Produce Inc. (NYSE: FDP) and Huron Consulting Group (NASDAQ: HURN) getting new coverage from analysts.
Credit Suisse (NYSE:CS) initiated coverage on IAMGOLD Corp (IAG).
They placed an “Outperform” rating on the company.
Auriga initiated coverage on Dole Food (DOLE). They placed a “Buy” rating on the company.
Northland Securities initiated coverage on FTI Consulting, Inc. (FCN). They placed an “Outperform” rating and a price target of $51.00 on the company.
Auriga initiated coverage on Fresh Del Monte Produce Inc. (FDP). They placed a “Hold” rating on the company.
Northland Securities initiated coverage on Huron Consulting Group (HURN). They placed an “Outperform” rating and a price target of $42.00 on the company.
Credit Suisse (NYSE:CS) initiated coverage on IAMGOLD Corp (IAG).
They placed an “Outperform” rating on the company.
Auriga initiated coverage on Dole Food (DOLE). They placed a “Buy” rating on the company.
Northland Securities initiated coverage on FTI Consulting, Inc. (FCN). They placed an “Outperform” rating and a price target of $51.00 on the company.
Auriga initiated coverage on Fresh Del Monte Produce Inc. (FDP). They placed a “Hold” rating on the company.
Northland Securities initiated coverage on Huron Consulting Group (HURN). They placed an “Outperform” rating and a price target of $42.00 on the company.
Friday, November 25, 2011
IAMGOLD (IAG) (JASO) (MDT) (SNH) (VE) (CMLP) (FENG) Upgraded
IAMGOLD Corp. (NYSE: IAG), JA Solar (NASDAQ: JASO), Medtronic, Inc. (NYSE: MDT), Senior Housing (NYSE: SNH), Veolia Environnement (NYSE: VE), Crestwood Midstream Partners LP (NASDAQ: CMLP) and Phoenix New Media Limited (NASDAQ: FENG) were upgraded by analysts.
IAMGOLD Corp. (IAG) was upgraded by Macquarie to an “Outperform” rating.
JA Solar (JASO) was upgraded by Wells Fargo & Co. (NYSE:WFC) from an “Underperform” rating to a “Market Perform” rating.
Medtronic, Inc. (MDT) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They have a price target of $42.00 on the company.
Senior Housing (SNH) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $23.00 on the company.
Veolia Environnement (VE) was upgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Overweight” rating.
Crestwood Midstream Partners LP (CMLP) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
Phoenix New Media Limited (FENG) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
IAMGOLD Corp. (IAG) was upgraded by Macquarie to an “Outperform” rating.
JA Solar (JASO) was upgraded by Wells Fargo & Co. (NYSE:WFC) from an “Underperform” rating to a “Market Perform” rating.
Medtronic, Inc. (MDT) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They have a price target of $42.00 on the company.
Senior Housing (SNH) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $23.00 on the company.
Veolia Environnement (VE) was upgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Overweight” rating.
Crestwood Midstream Partners LP (CMLP) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
Phoenix New Media Limited (FENG) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Wednesday, October 19, 2011
Hecla (HL) (IAG) (FBC) (FRPT) (GGAL) Upgraded
Hecla Mining (NYSE: HL), IAMGOLD Corp (NYSE: IAG), Flagstar Bancorp, Inc. (NYSE: FBC), Force Protection, Inc. (NASDAQ: FRPT) and Grupo Financiero Galicia S.A. (NASDAQ: GGAL) were upgraded by analysts.
Hecla Mining (HL) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
IAMGOLD Corp. (IAG) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Flagstar Bancorp, Inc. (FBC) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Force Protection, Inc. (FRPT) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Grupo Financiero Galicia S.A. (GGAL) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Hecla Mining (HL) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
IAMGOLD Corp. (IAG) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Flagstar Bancorp, Inc. (FBC) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Force Protection, Inc. (FRPT) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Grupo Financiero Galicia S.A. (GGAL) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
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.
Thursday, July 7, 2011
IAMGOLD (IAG) (NG) (AUY) (KGC) Close up as Gold Prices Climb Again
IAMGOLD Corporation (NYSE:IAG), NovaGold Resources Inc. (AMEX:NG), Yamana Gold (NYSE:AUY) and Kinross Gold Corp (NYSE:KGC) as the gold price climbed on the credit downgrade of Portugal by Moody's (NYSE:MCO) and concerns China may follow, as it battles inflation.
The gold price jumped $14.80 to $1,527 an ounce at the Comex division of the New York Mercantile Exchange Wednesday after China announced it would be boosting interest rates for the third time in 2011. The price of gold dropped as low as $1,510 an ounce before rebounding up to $1,529 after the People’s Bank of China said that the one-year lending rate will be increased from 6.31 percent to 6.56 percent, going into effect Thursday.
Next week China will release its consumer price index figures, which are expected to jump above 6 percent.
With Portugal downgraded to junk status, Greece with only a promise to implement austerity measures, and the U.S. sinking into economic oblivion, safe-haven assets like gold continue to be the focus of investors, as the clueless Obama administration and Democrats continue to battle to raise the debt ceiling at a time when spending needs to be cut back.
With Republicans being voted in to fight against outrageous government spending, they are under pressure to come through in fighting against raising the debt ceiling and cutting back on the size of government and it spending, it is a momentous time for them, as they have a chance to secure long-term rule if they have an ounce of courage and integrity to keep their promises.
Kinross closed at $16.67, gaining $0.13, or 0.79 percent. Yamana closed at $12.52, jumping $0.35, or 2.88 percent. NovaGold ended the session at $10.22, up $0.11, or 1.09 percent. Iamgold closed at $19.25, rising $0.04, or 0.21 percent.
The gold price jumped $14.80 to $1,527 an ounce at the Comex division of the New York Mercantile Exchange Wednesday after China announced it would be boosting interest rates for the third time in 2011. The price of gold dropped as low as $1,510 an ounce before rebounding up to $1,529 after the People’s Bank of China said that the one-year lending rate will be increased from 6.31 percent to 6.56 percent, going into effect Thursday.
Next week China will release its consumer price index figures, which are expected to jump above 6 percent.
With Portugal downgraded to junk status, Greece with only a promise to implement austerity measures, and the U.S. sinking into economic oblivion, safe-haven assets like gold continue to be the focus of investors, as the clueless Obama administration and Democrats continue to battle to raise the debt ceiling at a time when spending needs to be cut back.
With Republicans being voted in to fight against outrageous government spending, they are under pressure to come through in fighting against raising the debt ceiling and cutting back on the size of government and it spending, it is a momentous time for them, as they have a chance to secure long-term rule if they have an ounce of courage and integrity to keep their promises.
Kinross closed at $16.67, gaining $0.13, or 0.79 percent. Yamana closed at $12.52, jumping $0.35, or 2.88 percent. NovaGold ended the session at $10.22, up $0.11, or 1.09 percent. Iamgold closed at $19.25, rising $0.04, or 0.21 percent.
Wednesday, May 25, 2011
Iamgold Corp (IAG) Will Take Risks to Grow
With the gold miner building up a strong cash position, Iamgold Corp (NYSE:IAG) is ready to engage in some risk to build out the company, which has a market cap just under $8 billion.
Its cash holdings are approaching the $1.5 billion mark and are expected to surpass it in the near future.
Chief Executive Officer Stephen Letwin recently said to Reuters, "I find that the mining side is not as integrated as I would like it to be. The exploration team and the production community tend to be too silo-like in structure... One thing I'm going to work on is making it more fluid, so that we work more in unison and bring production onstream sooner."
The goal of Letwin is to boost production to about a million ounces of gold in 2011 and 1.8 million ounces within five years.
Letwin says the company will eventually spin off its niobium mine in Quebec.
Future acquisitions will probably be located in South America or Canada, and Letwin said they would be in the range of $300 million to $500 million.
Iamgold was trading at $20.88, gaining $0.28, or 1.36 percent, as of 1:21 PM EDT.
Its cash holdings are approaching the $1.5 billion mark and are expected to surpass it in the near future.
Chief Executive Officer Stephen Letwin recently said to Reuters, "I find that the mining side is not as integrated as I would like it to be. The exploration team and the production community tend to be too silo-like in structure... One thing I'm going to work on is making it more fluid, so that we work more in unison and bring production onstream sooner."
The goal of Letwin is to boost production to about a million ounces of gold in 2011 and 1.8 million ounces within five years.
Letwin says the company will eventually spin off its niobium mine in Quebec.
Future acquisitions will probably be located in South America or Canada, and Letwin said they would be in the range of $300 million to $500 million.
Iamgold was trading at $20.88, gaining $0.28, or 1.36 percent, as of 1:21 PM EDT.
Friday, May 20, 2011
IAMGOLD's (IAG) EPS Estimate Lowered by Stifel Nicolaus
Stifel Nicolaus slashed its EPS estimates on IAMGOLD Corporation (NYSE: IAG) for 2011 and 2012, according to a research report from the company.
For 2011 Stifel lowered its EPS estimate from $1.36 to $1.24 and for 2012 from $1.24 to $1.05.
Stifel Nicolaus has a "Buy" rating on IAMGOLD at this time with a price target of $26 on the miner.
IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world.
IAMGOLD closed Thursday at $20.66, gaining $0.59, or 2.94 percent.
For 2011 Stifel lowered its EPS estimate from $1.36 to $1.24 and for 2012 from $1.24 to $1.05.
Stifel Nicolaus has a "Buy" rating on IAMGOLD at this time with a price target of $26 on the miner.
IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world.
IAMGOLD closed Thursday at $20.66, gaining $0.59, or 2.94 percent.
Gold Fields (GFI) (GSS) (HMY) (GRS) (IAG) 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 Gold Fields (NYSE:GFI), Golden Star Resources (AMEX:GSS), Harmony Gold Mining (NYSE:HMY), Gammon Gold (NYSE:GRS) and IAMGOLD Corporation (NYSE:IAG).
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.
IAMGOLD Corporation (IAG) was trading at $21.13, gaining $0.47, or $2.27 percent, as of 1:23 PM EDT. Gammon Gold (GRS) was trading at $9.98, gaining $0.33, or 3.42 percent. Harmony Gold Mining (HMY) was at $13.63, rising $0.13, or 0.96 percent. Golden Star Resources (GSS) was trading at $2.71, climbing $0.08, or 3.04 percent. Gold Fields (GFI) was at $15.79, jumping $0.22, or 1.41 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.
IAMGOLD Corporation (IAG) was trading at $21.13, gaining $0.47, or $2.27 percent, as of 1:23 PM EDT. Gammon Gold (GRS) was trading at $9.98, gaining $0.33, or 3.42 percent. Harmony Gold Mining (HMY) was at $13.63, rising $0.13, or 0.96 percent. Golden Star Resources (GSS) was trading at $2.71, climbing $0.08, or 3.04 percent. Gold Fields (GFI) was at $15.79, jumping $0.22, or 1.41 percent.
IAMGOLD Corporation (IAG) Trades Higher on Economic Weakness
IAMGOLD Corporation (NYSE:IAG) 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.
IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world. Along with gold, the company also explores for silver, zinc, copper, niobium and diamonds, as well as other metals. Its primary business is gold, with production of approximately one million ounces annually from 8 gold mines on 3 continents.
IAMGOLD Corporation (IAG) closed Thursday at $20.66, gaining $0.59, or 2.94 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.
IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world. Along with gold, the company also explores for silver, zinc, copper, niobium and diamonds, as well as other metals. Its primary business is gold, with production of approximately one million ounces annually from 8 gold mines on 3 continents.
IAMGOLD Corporation (IAG) closed Thursday at $20.66, gaining $0.59, or 2.94 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.
Monday, May 16, 2011
Rating on IAMGOLD (IAG) Reiterated, Essakane Operations Resumed
IAMGOLD (NYSE:IAG) had its rating on them of a "Sector Perform" reiterated by RBC Capital, which also boosted its price target on the gold miner from $23 to $26.
After a one day stoppage at its Essakane gold mine in Burkina Faso, in regard to labor issues, the company announced operations have resumed and say they have a goal of taking care of the concerns within a period of 60 days.
IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world. Along with gold, the company also explores for silver, zinc, copper, niobium and diamonds, as well as other metals. Its primary business is gold, with production of approximately one million ounces annually from 8 gold mines on 3 continents.
IAMGOLD closed Friday at $18.76, dropping $0.05, or 0.27 percent.
After a one day stoppage at its Essakane gold mine in Burkina Faso, in regard to labor issues, the company announced operations have resumed and say they have a goal of taking care of the concerns within a period of 60 days.
IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world. Along with gold, the company also explores for silver, zinc, copper, niobium and diamonds, as well as other metals. Its primary business is gold, with production of approximately one million ounces annually from 8 gold mines on 3 continents.
IAMGOLD closed Friday at $18.76, dropping $0.05, or 0.27 percent.
Ratings on (FDX) (IAG) (CA) (BCE) (QCOR) Reiterated
Ratings on shares of FedEx (NYSE:FDX), IAMGOLD (NYSE:IAG), CA Tech (NASDAQ:CA), BCE Inc (NYSE:BCE) and Questcor (NASDAQ:QCOR) reiterated by analysts.
Stifel Nicolaus reiterated an "Buy" rating on FedEx (FDX). They raised their price target on the company from $116 to $120.
RBC Capital reiterated a "Sector Perform" rating on IAMGOLD (IAG). They raised their price target on the company from $23 to $26.
RBC Capital reiterated an "Outperform" rating on CA Tech (CA). They lowered their price target on the company from $30 to $28.
RBC Capital reiterated an "Outperform" rating on BCE Inc (BCE). They raised their price target on the company from $37 to $40.
Maxim Group reiterated a "Buy" rating on Questcor (QCOR). They raised their price target on the company from $24 to $28.
Stifel Nicolaus reiterated an "Buy" rating on FedEx (FDX). They raised their price target on the company from $116 to $120.
RBC Capital reiterated a "Sector Perform" rating on IAMGOLD (IAG). They raised their price target on the company from $23 to $26.
RBC Capital reiterated an "Outperform" rating on CA Tech (CA). They lowered their price target on the company from $30 to $28.
RBC Capital reiterated an "Outperform" rating on BCE Inc (BCE). They raised their price target on the company from $37 to $40.
Maxim Group reiterated a "Buy" rating on Questcor (QCOR). They raised their price target on the company from $24 to $28.
Eldorado (EGO) (GOLD) (NG) (ANV) (IAG) 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 Eldorado Gold Corporation (NYSE:EGO), Randgold (NASDAQ:GOLD), NovaGold Resources Inc. (AMEX:NG), Allied Nevada Gold (AMEX:ANV) and IAMGOLD Corporation (NYSE:IAG) - 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.
Eldorado Gold Corporation (EGO) closed Friday at $15.11, dropping $0.15, or 0.98 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.
Eldorado Gold Corporation (EGO) closed Friday at $15.11, dropping $0.15, or 0.98 percent.
Friday, May 13, 2011
Price Targets on (QCOR) (IAG) (JWN) (KSS) (LCAPA) Updated
Price targets on Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), IAMGOLD Corp (NYSE: IAG), Nordstrom, Inc. (NYSE: JWN), Kohls Corp (NYSE: KSS) and Liberty Media Capital (NASDAQ: LCAPA) were updated by analysts.
Maxim Group raised their price target on Questcor Pharmaceuticals, Inc. (QCOR) from $24.00 to $28.00. They have a “buy” rating on the company.
RBC Capital raised their price target on IAMGOLD Corp (IAG) from $23.00 to $26.00. They have a “sector perform” rating on the company.
FBR Capital raised their price target on Nordstrom, Inc. (JWN) from $48.00 to $50.00. They have a “market perform” rating on the company.
FBR Capital cut their price target on Kohls Corp (KSS) from $58.00 to $55.00. They have a “market perform” rating on the company.
Wunderlich raised their price target on Liberty Media Capital (LCAPA) from $85.00 to $95.00. They have a “buy” rating on the company.
Maxim Group raised their price target on Questcor Pharmaceuticals, Inc. (QCOR) from $24.00 to $28.00. They have a “buy” rating on the company.
RBC Capital raised their price target on IAMGOLD Corp (IAG) from $23.00 to $26.00. They have a “sector perform” rating on the company.
FBR Capital raised their price target on Nordstrom, Inc. (JWN) from $48.00 to $50.00. They have a “market perform” rating on the company.
FBR Capital cut their price target on Kohls Corp (KSS) from $58.00 to $55.00. They have a “market perform” rating on the company.
Wunderlich raised their price target on Liberty Media Capital (LCAPA) from $85.00 to $95.00. They have a “buy” rating on the company.
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