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Stock Market & Financial Investment News

News Breaks
October 16, 2012
06:55 EDTUNT, UNT, UNT, GDP, GDP, GDP, MHR, MHR, MHR, IAG, IAG, IAG, AZC, AZC, AZC, PPP, PPP, PPP, HL, HL, HL, GTE, GTE, GTE, XRA, XRA, XRA, PAAS, PAAS, PAASCanaccord to host a conference
Resource Conference is being held in Miami Beach, Florida on October 16-18.
News For PAAS;XRA;GTE;HL;PPP;AZC;IAG;MHR;GDP;UNT From The Last 14 Days
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July 29, 2015
09:35 EDTHLActive equity options trading on open
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July 28, 2015
17:02 EDTPPPPrimero Mining reports fatal accident at San Dimas mine
Primero Mining regrets to report a fatal accident involving a Primero employee that occurred at its San Dimas mine in Mexico Monday. The accident took place while assisting with underground support rehabilitation, and was an isolated incident. The company is working with the local authorities, which have commenced an investigation while normal operations at the mine continue.
July 27, 2015
18:01 EDTGTEGran Tierra announces approval of NCIB
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09:21 EDTGDPOn The Fly: Pre-market Movers
HIGHER: Magnetek (MAG), up 53.5% after Columbus McKinnon (CMCO) agrees to acquire the company... Xueda Education (XUE), up 40.6% after merging with Xiamen Insight Investment... Box (BOX), up 4.6% after being upgraded to Overweight from Sector Weight at Pacific Crest... Goodrich Petroleum (GDP), up 6.4% after announcing sale of proved reserves and a portion of Eagle Ford leasehold. NOTABLE: Teva Pharmaceutical (TEVA), up 10.7% after acquiring Allergan Generics... Allergan (AGN) is up 6.3%... Mylan (MYL), down 14% after Teva withdraws proposal to acquire the company... Perrigo (PRGO), up 3% after Teva withdraws proposal to acquire Mylan. DOWN AFTER EARNINGS: Sohu.com (SOHU), down 6%... Changyou.com (CYOU), down 10.1%. ALSO LOWER: Bellerophon (BLPH) down 63% after announcing results of BCM clinical trial... Terex (TEX), down 4% after being downgraded to Sell from Neutral at Goldman... Ultragenyx Pharmaceutical (RARE), down 3.5% after being downgraded to Equal Weight from Overweight at Morgan Stanley...
06:09 EDTGDPGoodrich announces sale of proved reserves, portion of Eagle Ford leasehold
Goodrich Petroleum announced that it has entered into a definitive agreement to sell its proved reserves and associated leasehold in the Eagle Ford Shale in LaSalle and Frio Counties, Texas for $118M, subject to purchase price adjustments as provided for in the Purchase and Sale Agreement. The effective date of the transaction is July 1 with an expected closing date on or before September 4. The company is retaining approximately 58% of its undeveloped leasehold in the play for future development or sale. The asset being sold produced an average of approximately 2,850 barrels of oil equivalent per day during Q1. The company expects to book a gain of approximately $50M-60M on the sale at closing after factoring in customary closing adjustments. The company plans to pay off its bank revolver and retain the difference in cash from the sales proceeds.
July 24, 2015
10:00 EDTIAGOn The Fly: Analyst Initiation Summary
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10:00 EDTIAGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abaxis (ABAX) downgraded to Hold from Buy at Canaccord... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Dougherty... CF Industries (CF) downgraded on nitrogen outlook at RBC Capital... Capital One (COF) downgraded to Neutral from Overweight at JPMorgan... Cepheid (CPHD) downgraded to Sell from Hold at Evercore ISI... Constant Contact (CTCT) downgraded to Neutral from Outperform at Baird... Equifax (EFX) downgraded to Neutral from Outperform at Baird... Hannover Re (HVRRY) downgraded to Underweight from Neutral at JPMorgan... IAMGOLD (IAG) downgraded to Underperform from Market Perform at Raymond James... MSA Safety (MSA) downgraded to Neutral from Accumulate at Global Hunter... MTU Aero (MTUAY) downgraded to Underperform from Buy at BofA/Merrill... Macy's (M) downgraded to Underweight from Neutral at Atlantic Equities... Sunesis (SNSS) downgraded to Hold from Buy at Cantor... Superior Drilling (SDPI) downgraded to Hold from Buy at Wunderlich... TrueCar (TRUE) downgraded to Equal Weight from Overweight at Stephens... United Rentals (URI) downgraded to Outperform from Top Pick at RBC Capital... WESCO (WCC) downgraded to Equal Weight from Overweight at Stephens.
08:23 EDTIAGIAMGOLD initiated with an Underperformer at CIBC
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08:22 EDTIAGIAMGOLD downgraded to Underperform from Market Perform at Raymond James
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08:19 EDTMHRMagnum Hunter announces dismissal of last remaining stockholder lawsuit
Magnum Hunter announced that the 125th District Court of Harris County, Texas dismissed the last remaining stockholder derivative case against certain of the company's officers and directors filed alleging certain breaches of fiduciary duties and other matters in connection with the dismissal by the company of its independent registered public accounting firm in spring 2013. All of the shareholder lawsuits relating to these allegations have now been dismissed, and no cash settlements of any form have been paid by the company or any of the company's insurance carriers in connection with these lawsuits.
July 22, 2015
18:42 EDTGTEGran Tierra announces normal course issuer bid
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16:56 EDTGTEGran Tierra files automatic mixed securities shelf
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July 20, 2015
10:00 EDTUNTOn The Fly: Analyst Upgrade Summary
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08:02 EDTUNTUnit Corp. upgraded to Buy from Accumulate at KLR Group
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07:11 EDTPPPPrimero expects to replace FY15 production with drilling from 1H15
Primero Mining Corp provided an update on its recent exploration activities at the Black Fox Complex, located near Timmins, Ontario, Canada, and at the San Dimas mine located in Durango, Mexico. Based on the success of its exploration activities to date, the company expects to replace its estimated full-year production with the results of exploration drilling from the first half of 2015. Additionally, the company has approved $6.1M in capital expenditures to advance a ramp to access the Deep Central Zone at Black Fox. "Our 2015 exploration program has been very successful so far," commented Joseph F. Conway, CEO. "Exploration drilling during the first half of 2015 is expected to have already replaced our estimated full-year production at both Black Fox and San Dimas. Drilling at the Black Fox mine has expanded the mineralization in the Deep Central Zone and importantly indicates that mineralization is continuous between the current production level and at least 800 metres below surface. Exploration has been focused on delineating mineralization between the current 560 metre production level, which has an average grade of approximately 6.0 grams per tonne, and the Deep Central Zone with higher-grade mineralization extending to 800 metres, currently with an average grade of approximately 8.5 grams per tonne. As we continue to drill deeper at Black Fox we are encountering higher average grades and wider continuity, which is very promising for the future of the mine. In addition, drilling at San Dimas continues to expand the recently discovered Jessica vein and also delineate other high-grade veins such as Victoria and Perez."
07:09 EDTIAGIAMGOLD provides update on Boto Project in Senegal
IAMGOLD Corporation announced additional drilling results from its 100% owned Boto Gold Project in eastern Senegal, West Africa. The company is reporting assay results from the final 26 infill diamond drill holes totaling 7,782 metres out of the 12,416 metres completed during the 2015 delineation drilling program. The Boto project comprises 236 square kilometres of exploration licenses located in eastern Senegal along the Senegal-Mali border. The geological setting of the project area is similar to the prolific Sadiola and Loulo gold districts in adjacent Mali, being underlain by highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks along a seven kilometre strike length of the Senegal-Mali Shear Zone.The project hosts an indicated resource of 22.8 million tonnes averaging 1.7 grams of gold per tonne for 1.23 million ounces and an inferred resource of 10.96 million tonnes averaging 1.8 grams of gold per tonne for 635,000 ounces. A significant percentage of the total resources are derived from the newly discovered Malikoundi deposit which is the largest deposit discovered to date on the property. The company has completed its planned 50x50 metre infill delineation drilling campaign initiated in 2014 with the completion of the 12,416 metres of diamond drilling in 2015 and the final assay results are being incorporated into a revised resource model which will allow completion of an updated resource estimate anticipated in the third quarter. In addition, metallurgical composite samples were prepared from selected core samples and have been forwarded to Canada for further metallurgical test work in the third quarter 2015.
July 17, 2015
17:29 EDTMHRRelational Investors cuts stake in Magnum Hunter to 6.26% from 8.5%
05:53 EDTIAGStocks with implied volatility movement; IAG MU
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