Why Key Analyst Sees Major Steel Losing Momentum
While steel prices in the United States may see some near-term upside, one key analyst fears that momentum may run out of steam into summer.
While steel prices in the United States may see some near-term upside, one key analyst fears that momentum may run out of steam into summer.
With the government finally getting tough with China, iron ore prices rising, and demand improving, things are looking much better for these top steel companies and the industry as a whole.
Iron ore miner stocks rose sharply Monday morning after Chinese officials said over the weekend that the government would permit a record deficit to ensure strong economic growth.
After a dismal two years, shares of Freeport-McMoRan have been down so long that anything looks like up.
Freeport-McMoRan sold an interest in its stake in a Serbian copper project at Timok to Toronto's Lundin Mining. The deal could be worth up to $262.5 million to Freeport.
BlackRock has announced the temporary suspension of its plan to create new shares of the iShares Gold Trust until the new shares can be registered with the SEC.
24/7 Wall St. screened the Deutsche Bank metals universe for stocks currently rated Buy, and found two top companies for investors to consider.
After the recent strong performance of gold and gold mining stocks in 2016, many analysts have made new gold stock calls.
Where there is smoke there is fire, but there may not be any fire in the world's steel production.
Four gold miners reported earnings last week, and analysts were quick to raise price targets while leaving ratings alone.
If you think energy and the bank stocks have had a bad time, consider how gold investors have suffered over the past five years. Since peaking in 2011, the price of gold and gold…
Both Barrick Gold and Newmont Mining reported fourth-quarter results on Wednesday, but investor reaction has been significantly different.
Activist investor Carl Icahn has added 4 million class B shares of Freeport-McMoRan to his stake.
Freeport-McMoRan has agreed to sell a 13% ownership stake in its Morenci mine for $1 billion to its joint-venture partner in the Arizona mine, Japan-based Sumitomo.
According to new analysis in the World Gold Council's Gold Demand Trends Full Year 2015, the U.S. central bank held 8,155 tonnes of gold at the end of December.