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Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:26 EDTPLUS, SGY, SCYX, GBNK, EXAM, CLMT, ATML, TOT, SLW, RGLD, FNV, CLNE, BLDR, ARUN, TXMD, SABR, PAHC, FRP, CSG, BANCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aruba Networks (ARUN) management to meet with Piper Jaffray... Atmel (ATML) initiated with an Outperform at Imperial Capital... Banc of California (BANC) initiated with a Buy at BofA/Merrill... Builders FirstSource (BLDR) initiated with a Hold at Stifel... Calumet Specialty Products (CLMT) initiated with a Market Perform at Wells Fargo... Chambers Street Properties (CSG) initiated with an Outperform at Wells Fargo... Clean Energy (CLNE) initiated with an Overweight at Morgan Stanley... ExamWorks (EXAM) initiated with a Buy at Deutsche Bank... FairPoint (FRP) initiated with a Market Perform at Wells Fargo... Franco-Nevada (FNV) initiated with an Equal Weight at Morgan Stanley... Guaranty Bancorp (GBNK) initiated with a Neutral at Sterne Agee... Phibro Animal Health (PAHC) initiated with an Outperform at Macquarie... Royal Gold (RGLD) initiated with an Overweight at Morgan Stanley... SCYNEXIS (SCYX) initiated with a Buy at Canaccord... Sabre (SABR) initiated with an Outperform at Bernstein... Silver Wheaton (SLW) initiated with an Equal Weight at Morgan Stanley... Stone Energy (SGY) initiated with a Buy at Brean Capital... TherapeuticsMD (TXMD) initiated with a Buy at Jefferies... Total (TOT) initiated with a Hold at Jefferies... ePlus (PLUS) initiated with an Outperform at William Blair.
News For ARUN;ATML;BANC;BLDR;CLMT;CSG;CLNE;EXAM;FRP;FNV;GBNK;PAHC;RGLD;SCYX;SABR;SLW;SGY;TXMD;TOT;PLUS From The Last 14 Days
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July 28, 2015
16:11 EDTEXAMExamWorks sees Q3 revenue $202M-$208M, consensus $206.5M
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16:05 EDTEXAMExamWorks raises FY15 revenue growth view to 4.5%-6.5% from 4%-6%
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16:03 EDTEXAMExamWorks reports Q2 EPS (19c), consensus (21c)
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15:21 EDTATMLNotable companies reporting after market close
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July 27, 2015
07:11 EDTBLDRBuilders FirstSource files to sell 11M shares of common stock
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July 24, 2015
13:48 EDTTOTTotal looks to sell 50% of Texas refinery
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July 23, 2015
17:15 EDTBLDRBuilders FirstSource reports Q2 EPS 3c, consensus 6c
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17:13 EDTRGLDRoyal Gold estimates Q2 Peak Gold costs at $2M
Royal Gold incurred certain costs associated with the summer exploration program at Peak Gold. The company estimates approximately $2M in expenditures will be reported in its financial results for Q2.
17:12 EDTRGLDRoyal Gold sees streaming agreement with Golden Star Resources closing "soon"
Royal Gold (RGLD) had entered into a streaming agreement with Golden Star Resources (GSS). The transaction is expected to close soon, upon satisfaction of remaining closing conditions, with RGLD Gold making an initial upfront payment at closing of $40M to Golden Star. Royal Gold will simultaneously fund a $20Mdollar term loan as part of the transaction. RGLD Gold expects to make further advance payments totaling $90M over the next five quarters. Once the initial upfront payment has been made, RGLD Gold expects to receive stream deliveries from Golden Star in the current quarter related to production from and after April 1. Golden Star will deliver to RGLD Gold 8.5% of gold produced from Wassa, Bogoso and Prestea until 185,000 ounces have been delivered, 5.0% until an additional 22,500 ounces have been delivered, and 3.0% thereafter. RGLD Gold will pay Golden Star 20% of the spot price at the time of delivery until 207,500 ounces have been delivered, and 30% of the spot price thereafter.
17:10 EDTRGLDRoyal Gold provides streaming and royalty update
Royal Gold (RGLD) provided an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay. In Q2, the company’s wholly owned subsidiary, RGLD Gold AG, purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek (TC) and sold approximately 23,000 ounces of gold related to Mount Milligan. Rubicon Minerals (RBY) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production. Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery. Royal Gold also received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant.
08:38 EDTSCYXSCYNEXIS to focus on SCY-078 development
SCYNEXIS announced that it has completed an asset purchase agreement with Avista Pharma Solutions for the sale of its contract research and development services business. The sale of the contract services business includes a novel screening platform and technology utilized by leading animal health companies, and GMP API, process chemistry and analytical service offerings to customers on a fee-for-service basis. In connection with the sale of the contract research and development services business, SCYNEXIS will relocate to Jersey City, New Jersey, effective August 1. Additionally, SCYNEXIS founder and president Yves J. Ribeill, Ph.D., has stepped down from his position as the xompany's president. Dr. Ribeill will continue to serve on the SCYNEXIS board.
July 22, 2015
06:39 EDTTOTEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
July 21, 2015
10:01 EDTEXAMOn The Fly: Analyst Downgrade Summary
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08:31 EDTEXAMExamWorks downgraded to Sell from Neutral at Goldman
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05:34 EDTTOTTotal starts production from Dalia Phase 1A on deep offshore Block 17
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July 20, 2015
08:11 EDTRGLDNew Gold enters into $175M streaming agreement with RGLD Gold
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08:02 EDTRGLDRoyal Gold buys Gold and Silver stream on New Gold's Rainy River Project
Royal Gold announced that its subsidiary RGLD Gold AG entered into a $175M Purchase and Sale Agreement with New Gold for a percentage of the gold and silver production from the Rainy River Project in Ontario, Canada. The Rainy River Project is located 65 kilometers northwest of Fort Frances in western Ontario, Canada, just north of the Minnesota border. Over its first nine years of full production, the 21,000 tonne per day, combined open pit-underground operation is scheduled to produce an average of 325,000 ounces of gold per year. Permits to begin major earthworks construction are in place, and, as of mid-2015, detailed engineering is 95% complete and 14% of the total development capital estimate of $877M has been spent. Startup is projected for mid-2017. Under the terms of the Purchase and Sale Agreement, New Gold will deliver gold and silver to Royal Gold on a monthly basis. Royal Gold plans to sell the gold within a few weeks of receiving each delivery, and will recognize revenue from the sale of the delivered gold after the sale has occurred.
July 16, 2015
09:17 EDTSABRSabre and Virgin Australia expand technology agreement
Sabre announced Virgin Australia has renewed its technology agreement and widened the scope of its relationship with Sabre. The renewal agreement expands the airlines' SabreSonic agreement. SabreSonic is an integrated suite of applications that optimizes and automates core processes such as Reservations, Inventory and Departure Control.
July 15, 2015
16:20 EDTGBNKGuaranty Bancorp reports Q2 EPS 26c, consensus 26c
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06:25 EDTTOTMexican businessmen financing homegrown oil companies, WSJ reports
Several Mexican businessmen, including former Mexican finance minister Pedro Aspe, have started financing or creating homegrown oil companies in Mexico as the country opens its oil industry to competition, the Wall Street Journal reports. The new companies aim not only to compete with Pemex, but also with global oil giants such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A), the report says. Mexico will hold three auctions of oil blocks this year, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Reference Link
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