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Stock Market & Financial Investment News

News Breaks
November 27, 2012
05:55 EDTAEM, AEM, ANR, ANR, GMO, GMO, TMS, TMS, STLD, STLD, RS, RS, HBM, HBM, MCP, MCPGoldman to host a conference
Global Metals & Mining/Steel Conference is being held in New York on November 27-28.
News For AEM;ANR;GMO;TMS;STLD;RS;HBM;MCP From The Last 14 Days
Check below for free stories on AEM;ANR;GMO;TMS;STLD;RS;HBM;MCP the last two weeks.
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July 22, 2014
07:52 EDTSTLDSteel Dynamics shares can advance further, says Wells Fargo
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July 21, 2014
18:02 EDTSTLDSteel Dynamics reports Q2 EPS 31c, consensus 31c
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10:31 EDTSTLDHigh option volume stocks:
High option volume stocks: EZPW LCI STLD SIAL FL OREX CROX NIHD EXTR BBT
10:02 EDTHBMOn The Fly: Analyst Upgrade Summary
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08:39 EDTHBMHudbay Minerals upgraded to Outperform from Sector Perform at Scotia Capital
06:51 EDTSTLDSteel Dynamics to host conference call
Conference call to discuss agreement to acquire Severstal Columbus will be held on July 21 at 9:30 am. Webcast Link
05:54 EDTMCPStocks with implied volatility movement; MPEL MCP
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05:23 EDTSTLDSteel Dynamics to acquire Severstal Columbus for $1.63B
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July 20, 2014
13:15 EDTSTLDSeverstal close to U.S. plant sales to Steel Dynamics, AK Steel, Bloomberg says
Russian steelmaker OAO Severstal is set to sell two U.S plants to Steel Dynamics (STLD) and AK Steel (AKS) in a deal that may value the assets at just over $2B, says Bloomberg. Reference Link
July 17, 2014
05:59 EDTMCPMolycorp implied volatility of 115 at upper end of index mean range
July 15, 2014
08:15 EDTMCPMolycorp weakness creates buying opportunity, says DA Davidson
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July 14, 2014
13:14 EDTMCPMolycorp mentioned positively at DA Davidson
July 11, 2014
05:47 EDTMCPStocks with implied volatility movement; XRT MCP
Stocks with implied volatility movement; S&P Retail Index SPDR (XRT) 16, Molycorp (MCP) 118 according to iVolatility.
July 10, 2014
11:38 EDTMCPMolycorp mentioned positively at DA Davidson
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08:38 EDTAEMAgnico-Eagle commences drill program on Aura Silver Greyhound Property
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08:35 EDTSTLD, RSBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.
July 8, 2014
11:38 EDTANRCoal producers retreat after Morgan Stanley lowers price forecast
Shares of some coal producers are falling after Morgan Stanley reduced its price targets on several names in the sector. WHAT'S NEW: Morgan Stanley analyst Evan Kurtz warned that metallurgical coal prices may rebound more slowly than the firm had previously expected. The firm's commodity forecasters reduced their outlook for met coal prices to $133 from $160 per ton in 2015, Kurtz reported. Chinese imports have been weak so far this year, as exports to that country from Australia have risen, the analyst explained. However, production cuts should still help prices rise next year, Kurtz stated. Nonetheless, he cut his price target on Walter Energy (WLT) to $16 from $26, on Alpha Natural (ANR) to $4 from $5 and on Arch Coal (ACI) to $2 from $3. He kept an Overweight rating on Walter Energy, an Equal Weight rating on Alpha Natural and an Underweight rating on Arch Coal. COMPANY NEWS: In addition to the analyst opinion, two of the companies in the sector, Walter Energy and Westmoreland Coal (WLB), announced news this morning. Walter Energy announced that it has commenced a private offering of $320M aggregate principal amount of 9.5% senior secured notes due 2019. Walter also disclosed in a regulatory filing earlier that its preliminary metallurgical coal production for Q2, including both hard coking coal and low-volatility pulverized coal injection product, was 2.5M metric tons, and that its preliminary metallurgical coal sales for Q2 was 2.7M metric tons. Additionally, Walter noted that it incurred severance charges of approximately $7M in Q2 in connection with the idling of its mines in Canada. For its part, Westmoreland disclosed in a regulatory filing that the company currently anticipates reporting adjusted EBITDA in the range of $35M-$38M for the three months ended June 30. WHAT'S NOTABLE: On June 20, another research firm, Sterne Agee, recommended that risk-tolerant investors buy Alpha Natural. The firm predicted that the company would benefit from normalizing thermal and metallurgical coal prices. According to Sterne Agee, the market was underestimating several of Alpha Natural's positive catalysts. PRICE ACTION: In late morning trading, Walter Energy sank 5.4% to $5.82, Alpha Natural gave back 7.2% to $3.37, Arch Coal retreated 5.2% to $3.22, and Westmoreland sank 5% to $34.97.
09:15 EDTANROn The Fly: Pre-market Movers
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08:09 EDTANRCoal secotr estimates lowered at Morgan Stanley
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