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Stock Market & Financial Investment News

News Breaks
November 16, 2012
04:55 EDTSVM, SVM, EMXX, EMXX, AXU, AXU, PPP, PPP, HL, HL, GOLD, GOLD, TAHO, TAHO, NG, NG, AUMN, AUMN, FSM, FSM, XRA, XRA, MVG, MVGSummit Business Media holds a conference
2012 San Francisco Hard Assets Investment Conference is being held in San Francisco on November 16-17.
News For SVM;XRA;FSM;AUMN;NG;TAHO;GOLD;HL;PPP;AXU;EMXX;MVG From The Last 14 Days
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February 11, 2016
11:03 EDTGOLDOptions with increasing call volume
Options with increasing call volume and volatility; GOLD EA IAG TMV MFLX AUY O NLNK LOCK
10:28 EDTGOLDHigh option volume stocks:
High option volume stocks: MAIN FLO GOLD JNPR CAH MFLX BID AUY O AXLL
February 10, 2016
10:01 EDTTAHOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antero Resources (AR) downgraded to Neutral from Buy at Goldman... Apollo Investment (AINV) downgraded to Sell from Neutral at Citi... BBA Aviation (BBAVY) downgraded to Neutral from Buy at Goldman... CM Finance (CMFN) downgraded to Outperform from Strong Buy at Raymond James... CTI BioPharma (CTIC) downgraded to Sell from Hold at WallachBeth... Calix (CALX) downgraded to Market Perform from Outperform at Cowen... ConocoPhillips (COP) downgraded to Peer Perform from Outperform at Wolfe Research... Fifth Street Finance (FSC) downgraded to Neutral from Overweight at JPMorgan... Fortis (FRTSF) downgraded to Neutral from Outperform at Credit Suisse... ITC Holdings (ITC) downgraded to Market Perform from Outperform at Wells Fargo... KapStone (KS) downgraded to Hold from Buy at Deutsche Bank... Knight Transportation (KNX) downgraded to Hold from Buy at Evercore ISI... Lake Shore Gold (LSG) downgraded to Sector Performer from Outperformer at CIBC... Medley Capital (MCC) downgraded to Hold from Buy at Jefferies... Pandora (P) downgraded to Market Perform from Outperform at Cowen... Parker-Hannifin (PH) downgraded to Hold from Buy at Evercore ISI... Parkway Properties (PKY) downgraded on real estate headwinds, valuation at Stifel... Plains GP Holdings (PAGP) downgraded to Neutral from Outperform at Credit Suisse... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at SunTrust... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... Tahoe Resources (TAHO) downgraded to Sector Perform from Outperform at RBC Capital... USANA (USNA) downgraded to Neutral from Buy at DA Davidson... Valero (VLO) downgraded to Buy from Conviction Buy at Goldman... Western Union (WU) downgraded to Neutral from Outperform at Macquarie... XL Group (XL) downgraded to Sell from Hold at Deutsche Bank.
06:26 EDTTAHOTahoe Resources downgraded to Sector Perform from Outperform at RBC Capital
February 9, 2016
10:06 EDTTAHOTahoe Resources upgraded to Strong Buy from Outperform at Raymond James
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10:00 EDTGOLDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Capital Senior Floating (ACSF) downgraded to Market Perform at Keefe Bruyette... American Science & Engineering (ASEI) downgraded to Hold from Buy at Benchmark... ArcelorMittal (MT) downgraded to Neutral from Overweight at JPMorgan... BioCryst (BCRX) downgraded to Hold from Buy at Jefferies... Brixmor (BRX) downgraded to Underperform from Outperform at RBC Capital... Diana Shipping (DSX) downgraded to Neutral from Buy at Clarksons Platou... Eagle Point Credit (ECC) downgraded to Neutral from Buy at Compass Point... Golden Ocean (GOGL) downgraded to Neutral from Buy at Clarksons Platou... Lukoil (LUKOY) downgraded to Hold from Buy at Deutsche Bank... Memorial Resource (MRD) downgraded to Neutral from Overweight at JPMorgan... Navios Maritime (NM) downgraded to Neutral from Buy at Clarksons Platou... Northstar Realty (NRF) downgraded to Market Perform from Outperform at Keefe Bruyette... Plains All American (PAA) downgraded to Neutral from Buy at BofA/Merrill... Plains GP Holdings (PAGP) downgraded to Neutral from Buy at BofA/Merrill... Qualys (QLYS) downgraded to Neutral from Buy at DA Davidson... Quidel (QDEL) downgraded to Hold from Buy at Canaccord... Randgold (GOLD) downgraded to Hold from Buy at Deutsche Bank... Scorpio Bulkers (SALT) downgraded to Neutral from Buy at Clarksons Platou... Tortoise Energy (TYG) downgraded to Hold from Buy at Stifel... Winnebago (WGO) downgraded to Neutral from Buy at Northcoast.
05:31 EDTGOLDRandgold downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Randgold to Hold saying the stock looks expensive following the 36% rally over the past month.
February 8, 2016
12:47 EDTGOLDRandGold surges after quarterly earnings, plans for dividend hike
Shares of RandGold (GOLD) rallied in midday trading after the company reporting earnings for the fourth quarter of fiscal year 2015 and announced plans to increase its annual dividend. WHAT'S NEW: Before the market open, RandGold Resources reported Q4 earnings per share of 47c, down from 53c in the same period last year, and below analysts' consensus estimates of 48c. The company said that the decline in year over year profits reflects the decline in gold price. Pretax profit for the quarter was $70.5M, while revenue was $272.09M, up from $226.32M in the year-ago period, the company said. RandGold said that production for the fourth quarter amounted to 326,430 ounces compared to 287,048 ounces in the same period a year ago. Looking to fiscal year 2016, the company said it is eyeing gold output of 1.25M-1.3M ounces for FY16, a 3%-75% increase over 2015, and a cash cost of $590-$630 per ounce. Additionally, RanGold expects production to be "relatively consistent" throughout FY16, but will be "slightly weighted" to the second half. RandGold added that it anticipates capital expenditures of $240M in FY16 and $115M in fiscal 2017. DIVIDEND RAISE: Separately, RandGold said that its board has recommended a 10% hike in its annual dividend to 66c per share from 60c per share. The company said that the proposed increase reflects the strong cash flows generated by the business. If approved by the company's shareholders, the dividend will be payable on May 27 to shareholders on record March 18, RandGold said. STREET RESEARCH: Following the release of RanGold's earnings report, Deutsche Bank analyst Anna Mulholland downgraded the stock to Hold from Buy. The analyst said that the offering of low cost production and an ungeared balance sheet should provide RandGold a relative premium, but that shares have overshot the firm's fair value and do not offer enough growth or yield to maintain the rally, especially when the firm anticipates gold's run to "peter out." Mulholland said the firm prefers Acacia Mining within the gold space. The analyst added that key risks for the company include higher or lower than expected gold prices, lower or higher than expected costs and volatility in the Euro/Dollar exchange rate. PRICE ACTION: At midday, RandGold jumped 9.53% to $85.76 in New York.
10:08 EDTGOLDRandgold downgraded to Hold from Buy at Deutsche Bank
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07:34 EDTTAHOTahoe Resources and Lake Shore Gold to host conference call
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07:04 EDTTAHOTahoe Resources and Lake Shore Gold announce business combination
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07:03 EDTTAHOTahoe Resources to acquire Lake Shore Gold
Tahoe Resources (TAHO) and Lake Shore Gold (LSG) announced that they have entered into a definitive agreement whereby Tahoe will acquire all of the issued and outstanding shares of Lake Shore Gold. Under the terms of the Arrangement Agreement, all of the Lake Shore Gold issued and outstanding common shares will be exchanged on the basis of 0.1467 of a Tahoe common share per each Lake Shore Gold common share. Upon completion of the Transaction, existing Tahoe and Lake Shore Gold shareholders will own approximately 74% and 26% of the pro forma company, respectively, on a fully-diluted in-the-money basis. The Exchange Ratio implies a consideration of C$1.71 per Lake Shore Gold common share, based on the closing price of Tahoe common shares on the Toronto Stock Exchange on February 5, representing a 14.8% premium to the closing price of Lake Shore Gold on February 5 and a 28.6% premium to the closing share of Lake Shore Gold on February 4. Based on each company's 20-day volume weighted average price on the TSX, the Exchange Ratio implies a premium of 25.7% and 30.4% to Lake Shore Gold common shares for the periods ending February 5, 2016 and February 4, 2016, respectively. The implied equity value is equal to C$945M.
07:01 EDTTAHOTahoe Resources to acquire Lake Shore Gold
February 4, 2016
11:43 EDTPPPPrimero Mining downgraded to Sector Perform from Outperform at Scotiabank
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05:29 EDTPPPPrimero Mining receives legal claim filed by Mexican Tax Authorities
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