Latest news for Australian Strategic (OTC:ASMMF) Stock

Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.

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AUSTRALIAN STRATEGIC MTRL by Australian Strategic Materials Ltd.

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Gold prices hit new high of $2,220/oz as central banks anticipate rate cuts. Gold miners&#39; stocks also surge, with VanEck&#39;s GDX up 20%.

Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains

Australian Strategic Materials Ltd

RBC Capital analyst Scott Heleniak reiterates Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) with a Sector Perform and maintains $91 price target.

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RBC Capital Reiterates Sector Perform on Principal Finl Gr, Maintains $91 Price Target

ALVR

Trading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times

RBC Capital analyst Kenneth Lee reiterates OneMain Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMF#NYSE">OMF</a>) with a Outperform and maintains $62 price target.

RBC Capital Reiterates Outperform on OneMain Holdings, Maintains $62 Price Target

Ingevity Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVT#NYSE">NGVT</a>) is evaluating <a href="https://www.benzinga.com/pressreleases/25/01/b43023647/ingevity-announces-plans-to-explore-strategic-alternatives-for-performance-chemicals-industrial-sp" target="_blank" rel="noreferrer noopener">strategic options for its Performance Chemicals Industrial Specialties segment</a>, which may include selling parts of its North Charleston, South Carolina site.
The review focuses on pine chemical-based products and the crude tall oil refinery, excluding the Road Technologies line and certain lignin-based products. This aligns with Ingevity&#8217;s goals to streamline operations, strengthen the Performance Chemicals segment, and improve earnings and cash flow. The company aims to conclude the review by year-end but cautions that a transaction is not guaranteed.
&#8220;Over the last fifteen months, we have undertaken a series of initiatives to improve the performance of our business, in particular our Performance Chemicals segment. These initiatives are already leading to improved results, as demonstrated by the sequential segment EBITDA margin improvement realized during the second half of 2024,&#8221; commented Luis Fernandez-Moreno, Ingevity interim president and CEO.
&#8220;Exiting most of the Industrial Specialties product line will strengthen the Performance Chemicals segment further and enable us to focus our attention on higher growth and higher margin opportunities within our portfolio while improving the company&#8217;s earnings and cash flow profile,&#8221; he continued. &#8220;We believe we will be well positioned for profitable growth and value creation beginning in 2025.&#8221; 
Additionally, Ingevity announced unaudited preliminary financial results for fiscal year 2024, pending completion of its financial audit. The company expects net sales of approximately $1.40 billion (slightly below the $1.414 billion estimate), adjusted EBITDA of $360 million, and free cash flow exceeding $40 million.
Price Action: NGVT shares traded higher by 1.15% at $42.35 premarket at the last check Thursday.
Ingevity company photo

NGVT

Ingevity Explores Strategic Options For Performance Chemicals Segment To Strengthen Portfolio, Projects FY24 Revenue At $1.40 Billion

U.S. retail sales edged higher in December, showing that consumers kept spending through the holiday season, but the increase wasn't as strong as economists had hoped. At the same time, an unexpected rise in weekly jobless claims hinted at <a href="https://www.benzinga.com/news/econ-s">a cooling labor market.</a>
Retail and food services sales rose 0.4% last month, decelerating from upwardly revised 0.8% growth in November, according to advanced estimates from the U.S. Census Bureau released Thursday.
The outcome was slightly below the 0.6% increase economists expected, according to TradingEconomics estimates.
Compared to a year earlier, sales were up 3.9%, below November's 4.1% annual gain.
Excluding auto sales, retail sales were 0.4% higher on the month, accelerating from November&#8217;s 0.2% growth and matching expectations.
<h3 class="wp-block-heading">Some sectors thrive, others struggle</h3>
Consumer spending wasn't uniform across the board. Some sectors showed strength, while others weakened.
Miscellaneous store retailers marked a 4.3% monthly growth in sales, reversing the 3.9% drop witnessed in November. 
Sporting goods, hobby, musical instrument and book stores also showed a notable 2.6% increase.
E-commerce witnessed a growth slowdown, with nonstore retailers — such as Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) — seeing 0.2% growth, down from 1.8% in November.
Certain retailers struggled.
Building material, garden equipment and supplies dealers saw a 2% drop in December, with the sales decline worsening from November&#8217;s 0.8% dip.
Food services and drinking places also saw a contraction of 0.3% in monthly sales following a marginal 0.1% increase in November.
Excluding auto and gas sales, retail spending still rose 0.3%, showing an increase from November&#8217;s 0.2%.
<h3 class="wp-block-heading">Jobless claims rise</h3>
New unemployment claims climbed to 217,000 for the week ending Jan. 10, up from 203,000 the prior week, according to the U.S. Department of Labor. The increase was above economist expectations of 210,000.
Continuing claims fell to 1.859 million, down from the previous 1.87 million and below expectations of 1.867 million.
Although one week's data isn't enough to confirm a trend, a continued rise in jobless claims could indicate that hiring is slowing, potentially weighing on consumer spending in the months ahead.
<h3 class="wp-block-heading">Market Reactions</h3>
The U.S. dollar marginally rose, with the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) inching 0.2% higher, while Treasury yields ticked slightly lower, with the 10-year note falling 2 basis points to 4.66%.
Stock futures, on the other hand, were little moved. S&amp;P 500 futures were up 0.1%, while Nasdaq 100 futures gained 0.4%.
The gains followed a strong session on Wednesday when the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 1.8% after a softer-than-expected inflation report fueled speculation the Federal Reserve may cut interest rates sooner than previously expected.
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PowerShares DB US Dollar Index Bullish Fund

Retail Sales Disappoint, Jobless Claims Rise: Is US Consumer Losing Steam?

U.S. stock futures were higher this morning, with the Dow futures gaining around 0.1% on Thursday.
Shares of Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) fell sharply in today's <a href="https://www.benzinga.com/government/regulations/25/01/43017875/southwest-airlines-is-sued-by-department-of-transportation-over-chronically-delayed-flights">pre-market trading</a>.
The U.S. Department of Transportation and Department of Justice jointly filed a lawsuit on Wednesday against Southwest Airlines for operating &#8220;chronically delayed flights&#8221; that caused disruptions to passengers.
Southwest Airlines shares fell 3% to $31.83 in pre-market trading
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Transcontinental Realty Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCI#NYSE">TCI</a>) shares dipped 31.8% to $19.01 in pre-market trading.</li>
<li>C&amp;F Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFFI#NASDAQ">CFFI</a>) shares declined 15.3% to $60.01 in pre-market trading.</li>
<li>SI-BONE, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) fell 14.7% to $14.01 in pre-market trading after gaining 5% on Wednesday. SI-BONE recently reported preliminary fourth-quarter revenue results.</li>
<li>Radiant Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#NYSE">RLGT</a>) shares tumbled 13.8% to $6.03 in pre-market trading.</li>
<li>ANI Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIP#NASDAQ">ANIP</a>) shares tumbled 11.6% to $50.01 in pre-market trading. ANI Pharmaceuticals recently issued preliminary fourth quarter and 2024 financial results and preliminary 2025 outlook.</li>
<li>Silexion Therapeutics Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLXN#NASDAQ">SLXN</a>) fell 11.3% to $1.38 in pre-market trading after the company announced the pricing of $5.0 million public offering.</li>
<li>Unisys Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) dipped 8.9% to $6.03 in pre-market trading.</li>
<li>NewAmsterdam Pharma Company N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAMS#NASDAQ">NAMS</a>) declined 5.6% to $22.66 in pre-market trading.</li>
</ul>
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Southwest Airlines, Silexion Therapeutics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

On January 15, 2025, PodcastOne, Inc. (the "Company") entered into a three-year Enterprise Service and Advertising Agreement (the "Agreement") with ART19 LLC ("ART19"), a subsidiary of Amazon.com, Inc. to move the existing network of PodcastOne programming to the ART19 hosting platform. The Agreement is expected to drive additional monetization opportunities across the Company's vast library of popular podcasts.
&nbsp;
Pursuant to the Agreement ART19 is required to pay the Company a minimum guarantee of $15.0 million plus over the term of the Agreement based on the Company achieving certain minimum impressions amount, which guarantee is subject to adjustment as provided in the Agreement, including if the Company achieves higher minimum impressions amounts. In addition, the Agreement provides for a revenue share split between the Company and ART19 based on gross sales revenue achieved by the Company under the Agreement.
&nbsp;
The Agreement contains certain standard covenants for the benefit of each party and certain customary representations and warranties and standard Company indemnification obligations. The Agreement contains certain customary termination provisions, including as a result of an uncured material breach or if the total impressions amount decreases below a certain minimum level.

Contracts

PODC

PodcastOne Enters 3-Year Deal With Amazon Subsidiary ART19 For Hosting and Advertising; Secures $15M Minimum Guarantee And Revenue Share

WIIM

PMEC

Primech Holdings shares are trading higher after the company announced that its subsidiary, Primech AI, has integrated NVIDIA Jetson Orin Super into its latest HYTRON cleaning robot.

HashKey Group, has projected a $10 trillion total cryptocurrency market capitalization by 2025, alongside Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reaching $300,000, according to their &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42457605/exclusive-experts-share-their-top-crypto-predictions-for-2025">Top 10 Market Predictions</a>.&#8221;
What Happened: Hashkey, a digital asset financial services group in Asia, further projects Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) exceeding $8,000 based on a poll of 16 popular scenarios and voted on by nearly 50,000 community members over a nine-day period.
The report indicates the growth of the crypto market will be driven by regulatory shifts, technological advancements and the influx of traditional capital.
It also indicates that decentralized exchanges will see increased adoption through the integration of AI agents and meme-based marketing strategies.
This surge will also push traditional centralized exchanges to adopt DeFi strategies, offering high-yield investment products to maintain their competitiveness.
Additionally, USD-pegged stablecoins are predicted to exceed a market cap of $300 billion, driven by demand for compliant, yield-bearing, and real-world asset-backed options.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008666/sec-under-trump-administration-to-revise-crypto-policies-report">SEC Under Trump Administration To Revise Crypto Policies: Report</a>
HashKey anticipates significant traditional capital inflows, estimating $3 trillion entering the crypto market through security token offerings, exchange-traded funds and central bank digital currencies.
The report projects also explosive growth in Artificial Intelligence agent applications, causing comprehensive upgrades in data storage, collaborative networks and decentralized verification.
Why It Matters: The company&#8217;s predictions also extend to the <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008666/sec-under-trump-administration-to-revise-crypto-policies-report">regulatory and political landscape.</a>
The report suggests the Trump administration will likely approve the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38961215/sec-chair-gensler-criticizes-fit-21-crypto-bill-warns-of-new-regulatory-gaps">FIT21 Act</a>, accelerating global legalization of cryptocurrency markets while simultaneously intensifying crackdowns on non-compliant crypto businesses.
This regulatory shift, combined with the strategic use of <a href="https://www.benzinga.com/25/01/43021074/oklahoma-joins-growing-list-of-states-proposing-bitcoin-as-strategic-reserve-asset">Bitcoin as a reserve asset</a> supporting the U.S. dollar, is expected to further stabilize the cryptocurrency market and influence the demand for Treasury bonds.
In terms of market access, the report anticipates the <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42537836/litecoin-hbar-etfs-could-come-before-xrp-solana-heres-why">approval of new ETFs</a>, including ones tracking SOL and XRP, driving more institutional capital into the market.
Finally, HashKey projects a surge of crypto-concept stocks to Nasdaq, with crypto mining and infrastructure stocks gaining considerable investor attention.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated, &#8220;2025 marks the gateway to what we call the &#8216;Golden Decade of Web3.&#8217; 
With regulatory compliance taking center stage, a surge in traditional capital inflows, and accelerating technological breakthroughs, the cryptocurrency market is poised for extraordinary growth.&#8221;
He added that HashKey&#8217;s infrastructure would act as a bridge between traditional and crypto markets, facilitating the orderly growth of the digital asset industry.
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Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Bitcoin To $300,000 In 2025, Asian Asset Management Firm Says

BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) discussed the role of exchange-traded funds (ETFs) in its growth strategy during its <a href="https://www.benzinga.com/25/01/42997625/blackrock-beats-q4-estimates-fueled-by-record-inflows-116-trillion-aum-milestone">fourth-quarter earnings commentary</a>. Its Q4 results showed significant achievements and robust momentum across its ETF business. The asset management giant reported $390 billion in ETF net inflows in 2024, representing 11% organic asset growth and 7% organic base fee growth.
Crunching The Inflow Numbers
The fourth quarter alone saw $143 billion in ETF inflows, driven by seasonal portfolio reallocations and investor re-risking as U.S. equity indices and spot Bitcoin prices hit record highs. iShares products helped clients diversify and invest in key investment themes.
ETFs are a core driver of BlackRock&#8217;s growth strategy. &#8220;Since our acquisition of iShares, Blackrock has led in expanding the market for ETFs by making them more accessible and by delivering new asset classes like bonds or crypto and investment strategies like Active. Approximately a quarter of our $390 billion of ETF net inflows were into products launched in the last five years,&#8221; said BlackRock CEO Larry Fink.
Notably, its Bitcoin ETP emerged as the largest ETF launch in history, amassing over $50 billion in assets under management (AUM) within a year. Active ETFs also had a great year, recording $22 billion in net inflows in 2024.
European Expansion
In Europe, BlackRock scaled its ETF platform considerably, with $90 billion in net inflows in the year, driving the European platform's AUM closer to $1 trillion. The region has seen double-digit organic growth for two straight years, thanks to the rise of individual investors using online platforms and ETF savings plans. Moreover, increasing financial education among first-time investors also enabled them to enter the markets.
A large part of BlackRock's growth story constitutes acquisitions, including GIP, Preqin, and HPS, which continues to complement the firm's long-term vision of integrated public and private markets and a larger suit of technology offerings. According to Bloomberg analyst Eric Balchunas, the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) raked in the second largest amount of inflows in 2024, at $86.8 billion. 
See Next: 
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<li><a href="https://www.benzinga.com/25/01/43015310/etfs-to-tackle-2025s-global-risks-insights-from-wef-at-annual-meeting-in-davos">Davos 2025: ETFs To Tackle Geopolitical, Climate, Cyber Risks</a></li>
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Photo: Shutterstock

BlackRock's ETF Business Excels In 2024 With Record $390 Billion Net Inflows

RBC Capital analyst Logan Reich reiterates Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Outperform and maintains $55 price target.

JACK

RBC Capital Reiterates Outperform on Jack In The Box, Maintains $55 Price Target

JP Morgan analyst Andrea Teixeira maintains Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) with a Underweight and lowers the price target from $140 to $124.

JP Morgan Maintains Underweight on Kimberly-Clark, Lowers Price Target to $124

Primech AI Pte. Ltd. ("Primech AI"), a subsidiary of Primech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>), today announced the integration of advanced NVIDIA technology in its latest HYTRON bathroom cleaning robot. This enhancement underlines Primech AI's commitment to leveraging cutting-edge technology to refine and advance its robotic solutions.
The new HYTRON model incorporates the NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications. Known for its compact size and powerful AI capabilities, the NVIDIA Jetson Orin Super facilitates high-energy efficiency and superior AI processing at the edge, empowering HYTRON to deliver enhanced performance and reliability in autonomous toilet cleaning.
Alongside NVIDIA's hardware, HYTRON utilizes a suite of NVIDIA software technologies, including:
<figure class="table"> 
<table>
<tbody>
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<td>●</td>
<td>CUDA: This parallel computing platform and programming model enables HYTRON to utilize NVIDIA GPUs for complex computations, dramatically enhancing processing speed and efficiency.</td>
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<td>●</td>
<td>CuDNN: The CUDA Deep Neural Network library accelerates deep learning neural networks, allowing HYTRON to benefit from advanced AI algorithms that improve decision-making and operational effectiveness.</td>
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<tr>
<td>●</td>
<td>TensorRT: This SDK optimizes neural networks for deployment on NVIDIA GPUs, boosting HYTRON's inference capabilities, reducing latency, and enhancing overall responsiveness.</td>
</tr>
<tr>
<td>●</td>
<td>NVIDIA Driver: Ensures seamless communication between the operating system and the GPU, enabling robust performance across all tasks.</td>
</tr>
</tbody>
</table>
</figure>

Primech AI Enhances HYTRON With NVIDIA Technology Components to Boost Robotics Performance; Shares Spike Higher

Foresight's supply chain and production lines are now prepared for rapid growth and commercial ramp-up
Ness Ziona, Israel, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in 3D perception systems, announced today a major milestone in its production and commercialization road map, with the delivery of its first batch of ScaleCam&#x2122; systems to SUNWAY-AI Technology (Changzhou) Co., Ltd. ("SUNWAY"), a Chinese manufacturer of autonomous and unmanned intelligent vehicle solutions. Foresight's ScaleCam systems are intended to be integrated into SUNWAY's production line of autonomous logistics and robotic vehicles.
This delivery follows the Company's July 8, 2024, announcement of its joint development and supply agreement to equip SUNWAY's unmanned material handling vehicles and autonomous robotic carts with its advanced 3D perception systems.
By integrating Foresight's 3D perception technology, these vehicles will be equipped with full autonomous driving capabilities to navigate complex environments safely and efficiently.

Global

FRSX

Foresight Delivers First Batch Of Commercial Mass Production Systems To SUNWAY-AI In China

Hino Motors, a subsidiary of Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), has reached a settlement with the U.S. Justice Department and other federal agencies<a href="https://www.justice.gov/opa/pr/hino-motors-toyota-subsidiary-agrees-plead-guilty-and-pay-over-16b-resolve-emissions-fraud"> regarding emissions testing fraud</a>. 
The company has agreed to pay over $1.6 billion to resolve allegations of fraudulent engine emissions testing and illegal engine imports. 
The agreement addresses violations that allowed the company to improperly import over 110,000 diesel engines into the U.S. between 2010 and 2022. 
The settlement includes both criminal and civil resolutions, with Hino Motors pleading guilty to criminal conspiracy charges.
The arrangement, which is still subject to approval by the U.S. District Court for the Eastern District of Michigan, also involves Hino's agreement to pay penalties and implement a series of corrective measures. 
According to the Justice Department, the company falsified engine certification data to bypass regulatory requirements, resulting in harmful air pollution. 
The agencies involved include Environmental Protection Agency (EPA), FBI, Customs and Border Protection (CBP), Department of Transportation's Office of Inspector General (DOT-OIG), National Highway Traffic Safety Administration (NHTSA), and State of California.
The settlement includes a $521.76 million criminal fine, along with a $525 million civil penalty for Hino. In addition, the company must contribute $155 million to a mitigation program aimed at addressing the excess emissions resulting from the violations.
This initiative will replace older, less efficient marine and locomotive engines across 49 states, reducing nitrogen oxide (NOx) emissions by over 41,000 tons. 
These efforts are expected to have the same impact as removing 110,000 heavy-duty trucks from U.S. highways.
Hino's actions between 2010 and 2019, including manipulating emissions data, caused significant environmental harm.
Additionally, a recall program will ensure that non-compliant engines from 2017-2019 meet regulatory standards.
Price Action: TM shares are trading lower by 1.42% at $182.22 in premarket at last check Thursday.
Read Next: <a href="https://www.benzinga.com/25/01/42939311/wayfair-expands-google-cloud-partnership-to-tap-ai-for-cost-cuts-and-efficiency">Wayfair Expands Google Cloud Partnership To Tap AI For Cost Cuts And Efficiency</a>
Photo: Shutterstock

General

Toyota Subsidiary Agrees To $1.6B Settlement Over Emission Data Fraud

Wellchange Holding Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCT#NASDAQ">WCT</a>) ("Company" or the "Wellchange"), an enterprise software solution services provider headquartered in Hong Kong, today announced the pricing of its public offering ("Offering") of 25,000,000 ordinary shares at a public offering price of $0.40 per ordinary share.
Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $10 million. The Offering is expected to close on January 17, 2025, subject to customary closing conditions.
Revere Securities LLC is acting as exclusive placement agent in connection with the Offering.
Pacific Century Securities, LLC is acting as advisor to the Company in connection with the Offering.
Ortoli Rosenstadt LLP is acting as counsel to the Company regarding U.S. securities law matters. Hunter Taubman Fischer &amp; Li LLC is acting as U.S. securities counsel for the placement agent.

Offerings

Wellchange Holding Company Prices $10M Public Offering Of 25M Of Its Ordinary Shares At A Price Of $0.40/Share

Benchmark analyst Subash Chandra reiterates Amplify Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPY#NYSE">AMPY</a>) with a Buy and maintains $11 price target.

AMPY

Benchmark Reiterates Buy on Amplify Energy, Maintains $11 Price Target

JP Morgan analyst Bill Peterson maintains Ivanhoe Electric (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IE#AMEX">IE</a>) with a Overweight and lowers the price target from $17 to $16.

JP Morgan Maintains Overweight on Ivanhoe Electric, Lowers Price Target to $16

OBDC

Blue Owl Capital Announces Prelim. Q4 NII $0.47 Per Share; Blue Owl Capital Corporation III NII $0.43

Benchmark analyst Bruce Jackson reiterates NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) from Hold to Hold.

Benchmark Reiterates Hold on NeoGenomicsto Hold

Australian Strategic

Gold prices surged past $2,220 an ounce during Thursday&#8217;s New York trading session, achieving a new all-time high amid growing anticipation of coordinated interest rate reductions <a href="https://www.benzinga.com/topic/interest-rates">by major central banks. </a>



With an 8.5% increase in March 2024, this marks gold&#8217;s best monthly performance since July 2020, when it climbed 10.8% amid substantial monetary and fiscal stimulus efforts during the COVID-19 pandemic.



The robust surge in gold prices has lifted the values of gold mining companies, with the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) climbing about 20% for the month, marking its best monthly performance since November 2020.



Medium-term debt dynamics in Europe and the U.S., alongside increasing domestic political polarization, have spurred central banks to ramp up their gold purchases, according to Bank of America&#8217;s commodities and derivatives strategist Francisco Blanch.



Blanch draws a parallel to the end of USD-gold convertibility in 1971, which heralded a new international monetary system. 



Similarly, he suggests the escalating geopolitical rift between the U.S./European Union and China/Russia, encompassing trade, politics and defense, is at &#8220;the heart of the run up in gold.&#8221;



<h2 class="wp-block-heading">Chart: Gold Notches Best-Performing Month In Nearly 4 Years </h2>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-1024x495.png" alt="" class="wp-image-269752" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/28154131/image-64.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">Top-Performing Gold Mining Stocks In March 2024</h2>



The top performers within the VanEck Gold Miners ETF portfolio for March 2024 were:



<ul>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>), with an increase of 49%.</li>



<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>), rising by 44.2%.</li>



<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) and Torex Gold Resources Inc. (OTCPK: TORXF), both up by 42%.</li>



<li>OceanaGold Corporation (OTCPK: OCANF), which saw a 37% increase.</li>
</ul>



The leading performers in the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) portfolio for March 2024 included:



<ul>
<li>Argonaut Gold Inc. (OTCPK: ARNGF), with a gain of 70.65%.</li>



<li>McEwen Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>), which rose by 60.34%.</li>



<li>Australian Strategic Materials Ltd (OTCPK: ASMMF), with an increase of 40.82%.</li>



<li>Gatos Silver, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>), closely behind with a 40.48% gain.</li>



<li>Hochschild Mining plc (OTCPK: HCHDF), with a rise of 36.57%.</li>
</ul>



Read now: <a href="https://www.benzinga.com/news/large-cap/24/03/37990561/easters-bitter-surprise-cocoa-is-up-240-in-a-year-what-can-a-ton-of-the-chocolate-commodity-get-yo">Easter&#8217;s Bitter Surprise: Cocoa Is Up 240% In A Year – What Can A Ton Of The Chocolate Commodity Get You Today?</a>



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