Posts for Ticker ‘RGLD’

Weak Economic News Sends Investors to Gold (ABX, KGC, GFI, GDX, GLD, RGLD)

camMonopoly_wideweb__430x325,0This morning’s reports on unemployment (up), manufacturing (down), housing (sort of up), and consumer spending (up a little) have pushed the market down. Out of the gate this morning, gold miners and spot gold prices followed the market down, but as trading has increased the spot gold price has recovered about half its early losses and the gold miners are coming back too. Read More »

Posted on: October 1, 2009 – 11:47 am in Metals, , , , , ,

Gold Miners Staging Breakouts (GDX, AU, GOLD, RGLD, ABX, AUY, GG, NEM)

Gold has been making a serious comeback and many are talking about the $1,000 per ounce level again as being ahead shortly.  This latest run is with energy prices screaming, the US Dollar getting pounded again, and with the fears that all this new money being printed is going to create much higher inflation down the road.  When gold was making the same sort of run to $1,000 earlier this year, that was because of the fear premium.  The other difference is that in this move, we are now starting to see a technical break-out on the charts of some of the top gold miners that trade in the U.S. that are actually global operations.  The Market Vectors Gold Miners ETF (NYSE: GDX) was up 4% at $44.45 in early trading, and its 52-week trading range is $15.83 to $51.84.  Two gold stocks are making key break-outs: AngloGold Ashanti Ltd. (NYSE: AU) and Randgold Resources Limited (NASDAQ: GOLD).  Other large gold mining leaders are lagging, but you have to wonder how long that will last if the stock market stays strong and if the interest in the re-flation trade stays high.
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Posted on: May 29, 2009 – 9:16 am in Commodities, ETF, Metals, , , , , , , ,

Earlybird Analyst Upgrades & Downgrades (AEP, CME, FNFG, KFT, LSTR, RGLD, SD, SBUX, TRI)

We still have well over two-hours until the opening bell this Thursday morning.  So far we have seen many select upgrades and downgrades from Wall Street analysts.  Here is what we have seen so far:

American Electric (NYSE: AEP) Raised to Overweight at JPMorgan.
CME Group Inc. (NYSE: CME) Cut to Market Perform at William Blair.
First Niagara Financial Group Inc. (NASDAQ: FNFG) Raised to Outperform at KBW.
Kraft Foods (NYSE: KFT) Cut to Neutral at UBS.
Landstar System Inc. (NASDAQ: LSTR) Cut to Neutral at Baird.
Royal Gold (NASDAQ: RGLD) Raised to Sector Perform at CIBC.
SandRidge Energy, Inc. (NYSE: SD) started as Buy at SunTrust Robinson.
Starbucks (NASDAQ: SBUX) Cut to Neutral at UBS.
Thomson Reuters (NYSE: TRI) Cut to Sell at Goldman Sachs.

Jon C. Ogg

Posted on: April 16, 2009 – 6:14 am in Analyst Calls, , , , , , , , ,

Royal Gold Buys into Another Mine (RGLD, TCK)

gold-image32Royal Gold, Inc. (NASDAQ:RGLD) has agreed to purchase an interest in a Chilean gold mine owned by Teck Cominco Ltd. (NYSE:TCK) for $100 million in cash and about 4.5 million shares of Royal Gold common stock. The company also announced that it would issue 6.5 million new shares of common stock on its existing shelf registration to pay for the acquisition.
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Posted on: April 6, 2009 – 9:05 am in Commodities, Mergers and Buy Outs, Metals, ,

Just Like That, Gold Lost Its Luster (ABX, NEM, GG, RGLD, GLD)

gold-imageShare prices for gold miners and gold bullion mostly dropped yesterday as traders thought it was a good day to take on more risk. In London this morning, gold prices have jumped back above $900/ounce after trading under that mark earlier.

The CEO of Barrick Gold Corp. (NYSE:ABX) recently said that the supply of gold will continue to drop, even as the price continues to be volatile. That’s not exactly earth-shattering news, but Barrick stock dropped almost $2/share (7%). Newmont Mining Corp. (NYSE:NEM) also fell about 7%, Goldcorp Inc. (NYSE:GG) dropped 8%, and Royal Gold Inc. lost about 4%. Even ETF bullion buyer SPDR Gold Shares (NYSE:GLD) fell by about 1%.
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Posted on: March 11, 2009 – 8:55 am in Commodities, Metals, , , , ,

Gold Stock Pressure, With Or Without Gold Prices (EGO, RGLD, IAG, GSS, GLD, GDX, ABX)

gold-image4We covered last weekend about how the $1,000.00 gold was at an inflection point and looking as though it was either poised to pop to $1,200.00 on the speculation of fear or that it was likely to fall back towards $800.00 as reality prevails as the world didn’t flatten and proceed to roll off the edge into the abyss.  What is interesting is that even as gold was hitting highs, many of the miners, particularly the speculative miners, were well under highs and have seen even worse pressure this week on gold’s pullback.
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Posted on: February 27, 2009 – 9:03 am in Commodities, Metals, Trading Alert, , , , , , ,

Top Pre-Market Analyst Downgrades (ADTN, AFL, CBS, DDUP, ENR, INWK, PCS, PTRY, RGLD, SYK)

Burning_money_pic_2These are some of this Tuesday’s top pre-market analyst downgrades and cautious research calls from Wall Street that we have seen with more than two hours until the opens:

  • ADTRAN (ADTN) Started as Equal-Weight at Barclays.
  • AFLAC (AFL) Cut to Hold at Deutsche Bank.
  • CBS (CBS) Cut to Underperform at Bernstein.
  • Data Domain (DDUP) Started as Sell at Broadpoint AmTech.
  • Energizer (ENR) Cut to Sell at UBS.
  • Innerworkings (INWK) Cut to Hold at Jefferies.
  • MetroPCS (PCS) Cut to Sector Perform ar RBC.
  • Pantry (PTRY) Cut to Market Perform at FBR.
  • Royal Gold (RGLD) Cut to Underweight at HSBC.
  • Stryker (SYK) Cut to Hold at Needham.

Jon C. Ogg
January 27, 2009

Posted on: January 27, 2009 – 7:17 am in Analyst Calls, , , , , , , , , ,

Analyst Downgrade Onslaught Continues (ASML, CMG, FORM, GFIG, ICE, KLAC, MSSR, MPEL, MRG, PEET, PRXI, PHM, RGLD, JAVA, TCK, TER, UDR, VNO)

Burning_money_pic_2This morning was a shocker on just how many analyst downgrades and very negative calls were out from Wall Street analysts.  The sad part is this is only part of the onslaught that we are still seeing.

  • ASML (NASDAQ: ASML) Cut to Market Perform at FBR.
  • Chipotle (NYSE: CMG) Cut to Neutral at Piper Jaffray.
  • FormFactor (NASDAQ: FORM) Cut to Market Perform at FBR.
  • GFI Group (NASDAQ: GFIG) Cut to Hold at Deutsche Bank.
  • IntercontinentalExchange (NYSE: ICE) Cut to Hold at Deutsche Bank.
  • KLA-Tencor (NASDAQ: KLAC) Cut to Market Perform at FBR.
  • McCormick & Schmick’s (NASDAQ: MSSR) Cut to Neutral at Piper Jaffray.
  • Melco Crown (NASDAQ: MPEL) Cut to Hold at Deutsche Bank.
  • Morton’s Restaurant Group (NYSE: MRG) Cut to Neutral at Piper Jaffray.
  • Peet’s Coffee & Tea (NASDAQ: PEET) Cut to Neutral at Piper Jaffray.
  • Premier Exhibitions (NASDAQ: PRXI) Cut to Neutral at Merriman Curhan Ford.
  • Pulte Homes (NYSE: PHM) Cut to Neutral at JPMorgan.
  • Royal Gold (NASDAQ: RGLD) Cut to Sector Underperform at CIBC.
  • Sun Microsystems (NASDAQ: JAVA) Cut to Sell from Neutral at Goldman Sachs (added details).
  • Teck (NYSE: TCK) Cut to Neutral at UBS.
  • Teradyne (NYSE: TER) Cut to Market Perform at FBR.
  • UDR Inc. (NYSE: UDR) Cut to Sell at Goldman Sachs.
  • Vornado (NYSE: VNO) Cut to Neutral at Goldman Sachs.

Jon C. Ogg
January 8, 2009

Posted on: January 8, 2009 – 7:29 am in Analyst Calls, , , , , , , , , , , , , , , , , ,

Stocks Hitting 52-Week Highs (ALGT, AGNC, LOPE, ROCM, RGLD)

Money_stack_pic_2There are still some stocks doing extremely well despite all the interests outside against ythe economy.  Allegiant Travel Co. (NASDAQ: ALGT), American Capital Agency Corp. (NASDAQ: AGNC), Grand Canyon Education, Inc. (NASDAQ: LOPE), Rochester Medical Corporation (NASDAQ: ROCM), and Royal Gold (NASDAQ: RGLD) are all either on 52-week or all-time highs.  Here is a synopsis on each:

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Posted on: December 23, 2008 – 12:47 pm in HI/LOW, Trading Alert, , , , ,

Royal Gold, Envy of Chartists & Gold Bugs (RGLD, ABX, MFN, GG, NEM, GDX)

Royal_gold_logoIn the current climate, there are hardly any stocks which are hitting new 52-week highs.  If you go to the gold sector, the leaders are very far under their highs.  Apparently, it seems that Royal Gold Inc. (NASDAQ: RGLD) did not get the memo that its peers are well off of highs and that there are problems with the stock market.  Shares of Royal Gold are at 52-week and all-time highs.  There may be good reason too.

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Posted on: December 17, 2008 – 12:12 pm in Commodities, Interview, Luxury, Metals, Trading Alert, , , , , ,

Gold Stock Challenging 52-Week & All-Time Highs (RGLD, NEM, ABX, GG, GDX)

Gold_picWe didn’t include Royal Gold, Inc. (NASDAQ:RGLD) in yesterday’s look at mining stocks where we outlined scenarios which would make 2009 a great year or a lousy year for the sector’s key players.  But investors certainly have been looking it over. Shares closed at $37.06 yesterday, about $3.00 from their 52-week high.  In fact, shares even briefly put in a new 52-week high on an intra-day basis.

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Posted on: December 12, 2008 – 11:27 am in Commodities, Metals, Trading Alert, , , , ,

Top 10 Pre-Market Analyst Calls (ADBE, CRUS, DVA, EEQ, EQR, IP, LNCR, RGLD, WIN, BRL, MFLX, MYL, TEVA, WPI)

These are not the only analyst impact calls, but these are the top research notes that 247WallSt.com is focusing on:

  • Adobe Systems (ADBE) raised to Buy at Deutsche Bank.
  • Cirrus Logic (CRUS) raised to Buy at Jefferies.
  • DaVita (DVA) raised to Buy at Oppenheimer.
  • Embarq (EQ) raised to Overweight at J.P.Morgan.
  • Equity Residential (EQR) raised to Overweight at Lehman.
  • International Paper (IP) raised to Outperform at Credit Suisse.
  • Lincare (LNCR) downgraded to Neutral at Oppenheimer.
  • Royal Gold (RGLD) raised to Overweight at HSBC.
  • Windstream (WIN) downgraded to Underweight at J.P.Morgan.
  • BANC OF AMERICA ON DRUGS: Barr Pharma (BRL) started as Buy; Multi-Fineline (MFLX) started as Buy; Mylan Labs (MYL) started as Buy; Teva Pharma (TEVA) started as Buy; Watson Pharma (WPI) started as neutral; ZymoGenetics (ZGEN) downgraded to Neutral.

Jon C. Ogg
December 18, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the SPECIAL SITUATION newsletter and he does not own securities in the companies he covers.

Posted on: December 18, 2007 – 7:59 am in Analyst Calls, , , , , , , , , , , , , ,

Bears In Them Thar Gold Hills (GLD, ABX, NEM, AUY, AU, RGLD)

What is the one sector that is viewed as a safe haven in scary times?  Outside of water it’s gold, and gold is easier to invest in than water as far as the stock market is concerned.  But when you get a worry that we might be heading into a ‘deflationary environment’ gold isn’t viewed as a safety net.  On last look, the shiny metal itself was down to $661.00 and was almost $672.00 when I woke up this morning. The DJIA fell almost 400 points to 13,270.68.  Check this out:

The StreetTracks Gold Trust (NYSE:GLD), the ETF that tracks gold prices on a 1:10 ratio of the price of an ounce of the shiny metal, fell 1.95% to $65.46. 

Barrick Gold Corp. (NYSE:ABX) fell almost 1% to $33.77, still with a $29.2 Billion market cap.  Goldcorp Inc. (NYSE:GG) fell 3% to $24.92 and AngloGold Ashanti (NYSE:AU) fell 2.6% to $37.45.  Yamana Gold (NYSE:AUY) fell 3% to $10.92, and it’s one of Jim Cramer’s favorites.  Newmont Mining Corp. (NYSE:NEM) is back to mostly being unhedged and it fell 2.15% to $41.42. 

Royal Gold Inc. (NASDAQ:RGLD) was one of the few bright spots with a 0.4% gain to $31.52, mainly because of a press release of an amended merger pact with Battle Mountain Gold.

Jon C. Ogg
August 9, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 9, 2007 – 5:05 pm in Metals, , , , , , ,