Gold Analysts Duel Over Yamana and Eldorado
Monday morning brought one key analyst upgrade and one key analyst downgrade in leading gold mining stocks.
Commodities & Metals
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Why Merrill Lynch Downgraded 3 Key Metal Players
Is the gold/metal age of 2016 over? Merrill Lynch says it may be gone for now, but not entirely forgotten, after the firm downgraded a few major metal players. The brokerage firm was not…
Why Jefferies Is Now So Bullish on Barrick and Randgold, Constructive on Kinross
The year 2016 has turned out to be an unexpectedly strong bull market for the gold bugs. This may seem obvious now, but it just was not expected by most sources at the end…
Alcoa Beats Earnings Ahead of the Split
Alcoa Inc. (NYSE: AA) reported second-quarter financial results after the markets closed on Monday. The company said that it had $0.15 in earnings per share (EPS) on $5.3 billion in revenue. Thomson Reuters had…
What to Expect From Alcoa Earnings
Alcoa is scheduled to report its second-quarter financial results after the markets close on Monday.
Gold ETFs Now Outweigh Almost Every Central Bank in Gold Holdings — More Than China!
Is there really gold in them thar hills? If those hills are exchange traded funds (ETFs), then the answer is a resounding yes. 24/7 Wall St. has tracked the gold buying and selling before,…
Gold Shoots to 2-Year Highs Amid Turmoil: 4 Top Stocks to Buy
Though gold is the highest it has been in two years, the good thing for investors looking to add some to their portfolio is that some of the top stocks to buy are still…
Kinder Morgan in 10-Year Deal With Nucor
Kinder Morgan announced Wednesday morning that it had signed a 10-year agreement with steelmaker Nucor to provide services for five Nucor facilities.
How Major Gold Stocks Are Responding to the Brexit
Gold has been on an absolute tear in 2016, especially considering the currency fears that many had going into the Brexit vote. Now more than ever investors were looking to hedge their portfolios with…
Alcoa Offers Details on Split, Investors Head for the Exit
Alcoa Inc. (NYSE: AA) filed a Form 10 initial registration statement with the U.S. Securities and Exchange Commission (SEC) Wednesday morning that gave some details regarding the company’s plan to divide into two pieces.…
Monsanto Earnings Soft in Tough Ag Market
Monsanto Co. (NYSE: MON) reported fiscal third quarter 2016 results before markets opened Wednesday morning. The fertilizer and seed maker reported adjusted diluted earnings per share (EPS) of $2.17 on revenues of $4.19 billion.…
Ag Commodities, Companies Slapped Hard by Brexit Vote
As with commodity markets in energy and basic materials, the U.K. vote to abandon the European Union is taking a toll on agricultural commodities markets Friday morning. So far, at least, ag commodity prices…
Brexit Lifts Gold Mining Stocks to New Highs
The 2016 gold rally just got a shot of rocket fuel from the U.K. vote to leave the European Union. The massive rally in gold on Friday has also leveraged an upside move in…
Freeport-McMoRan Swaps Debt for Equity
In a filing with the U.S. Securities and Exchange Commission (SEC) Friday morning, Freeport-McMoran Inc. (NYSE: FCX) announced a debt-for-equity swap in which the company issued 19.9 million shares of common stock and paid…
5 Gold Stocks Still Trading Under Book Value
24/7 Wall St. wanted to see if there was still any value among the top gold-mining stocks. It turns out that there may still be considerable value.