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Fast Money Picks For October 28th (GDXJ, POT, GOOG, FLS, MEE)
Wednesday, October 27, 2010 - 6:56pm | 228CNBC Fast Money's Brian Kelly thinks that investors should buy Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) on Thursday. Market Vectors Junior Gold Miners ETF (GDXJ) fell 1.96% in the regular trading session, and added 0.90% in the after hours. Joe Terranova believes that Potash Corp./...
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International Coal Group Reports Third Quarter EPS of $.12
Wednesday, October 27, 2010 - 4:46pm | 202International Coal Group, Inc. (NYSE: ICO) today reported its results for the third quarter of 2010. Net income was $24.9 million, or $0.12 per share on a diluted basis, for the third quarter of 2010 compared to net income of $18.7 million, or $0.12 per share on a diluted basis, for the third...
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Massey Falls Below Estimates - Analyst Blog
Wednesday, October 27, 2010 - 3:33pm | 675Coal miner Massey Energy Company (MEE) reported a third quarter adjusted loss of 33 cents per share (excluding Upper Big Branch mine tragedy related charges), falling 19 cents behind the Zacks Consensus Estimate of a loss of 14 cents. The decline in the quarter is primarily attributable to the...
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Uranium Energy Corp Completes $27.5 Million Financing
Wednesday, October 27, 2010 - 8:41am | 121Uranium Energy Corp (NYSE: UEC) announces that, effective after the close on October 26, 2010, it has completed its previously announced private placement financing (the "Financing") involving the sale of an aggregate of 8,111,313 units of the Company (each a "Unit"), at a price of $3.40 per Unit,...
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Massey Energy Posts Huge Earnings Miss (MEE)
Tuesday, October 26, 2010 - 5:10pm | 190Massey Energy Co. (NYSE: MEE) reports Q3 earnings loss of $0.33 versus consensus of $0.15 loss. Massey Energy Co. reports revenues of $810.2 million versus consensus of $830.69 million. Massey expects that full year 2010 produced coal shipments will be approximately 38.5 million tons, with average...
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Massey Energy Reports Third Quarter Loss of $.41 per Share
Tuesday, October 26, 2010 - 4:56pm | 90Massey Energy Company (NYSE: MEE) today reported a net loss of $41.4 million or $0.41 per share for the quarter ended September 30, 2010. The Company generated $703.7 million of produced coal revenue in the quarter from the sale of 9.9 million tons of coal. EBITDA in the third quarter of 2010...
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Uranium Resources, Inc. Settles Law Suit on Lease Agreement in Texas for $1.375M
Tuesday, October 26, 2010 - 4:30pm | 172Uranium Resources, Inc. (NASDAQ: URRE) announced today that the counsel for Uranium Resources, Inc. and the plaintiffs signed a settlement agreement in the matter entitled Saenz v. URI Inc. pending in the 105th Judicial District Court, Kleberg County, Texas. The matter, as disclosed previously by...
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Top 4 Stocks In The Nonmetallic Mineral Mining Industry With The Highest EPS Estimates (AHGP, IPI, HWD, NGD)
Tuesday, October 26, 2010 - 5:26am | 159Below are the top nonmetallic mineral mining stocks on the NYSE, the NASDAQ and the AMEX in terms of earnings estimate for the next year. The earnings estimate for Alliance Holdings GP LP (NASDAQ: AHGP) for the next year ending December, 2011 is $3.12 per share. AHGP's quarterly earnings jumped 79....
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Keep an Eye on the Euro 10-25-2010
Monday, October 25, 2010 - 6:02pm | 843Cusick's Corner After watching the markets today, unless there is a major headline or blow out after the close, this grind is probably weighing on traders' psyches. Keep an eye on the Euro, FXE -- this currency has been highly correlated with the move in the S&Ps, plus the FXE was not able to...
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Market Roundup (MEE, CLF, SVA, XHB, DHI, TOL, KBH, AGO)
Monday, October 25, 2010 - 1:12pm | 274US Energy stocks moved up, driven by increased oil prices and weak US dollar. Massey Energy (NYSE: MEE) and Cliffs Natural Resources (NYSE: CLF) were the top gainers in the list. Light, sweet crude for December rose 1.8% to $83.10 per barrel on the New York Mercantile Exchange (NYMEX). The NYSE...
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Top Performing Industries For October 25 (MGN, YZC, FCX, SMS)
Monday, October 25, 2010 - 10:36am | 187At 10:05 am, the Dow gained 0.89% to 11,232.16, the broader Standard & Poor's 500 index moved up 0.90% to 1,193.71 and the NASDAQ composite index rose 1.00% to 2,504.29. The industries that are driving the market today are: Silver: This industry jumped 3.32% by 10:05 am. The top stock within...
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Deutsche Bank Raises Estimates On Peabody Energy (BTU)
Monday, October 25, 2010 - 7:47am | 121Deutsche Bank raised the estimates on Peabody Energy Corporation (NYSE: BTU) after the company reported earnings. It has a Hold rating and a $65 price target. In a note to clients, Deutsche Bank writes, "The main positives in the quarter as compared to our forecasts were lower cash-operating costs...
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Peabody Hikes Dividend Rate - Analyst Blog
Friday, October 22, 2010 - 6:33pm | 330In order to share more profits with its shareholders, the Board of Directors of Peabody Energy Corporation (BTU) increased the quarterly dividend to 8.5 cents per share from the existing level of 7 cents. The new dividend will be payable on November 26, 2010, to shareholders of record at the...
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Wyoming Gears up for Uranium Mining Boom
Friday, October 22, 2010 - 3:13pm | 111Uranium miners that are close to production in Wyoming are gaining a lot of enthusiastic interest from investors over the past few weeks. Some of the miners out of Wyoming have made huge percentage gains such as Uranerz Energy Corp., UR Energy Inc. (URG), Cameco Corp. and Uranium One Inc. as more...
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Energy Income Plays: Five Favorite Pass-Through Securities
Friday, October 22, 2010 - 2:08pm | 182"I've always been a big fan of investing in real assets. One group I particularly like is pass-through securities, which pass through profits directly to shareholders," says Neil George. In his Pay me Strategy, the income expert looks at five energy-related securities: Linn Energy (NASDAQ: LINE),...