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Bull & Bear: Freeport-McMoRan Copper & Gold (FCX)
Wednesday, March 30, 2011 - 3:32pm | 288Shares of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) are on the rise today, currently higher by 1.31%, trading at $55.01. The stock has seen a bump higher over the past month, supported by an upgrade to Overweight over at Morgan Stanley on the 28th. This begs the questions, “Where are...
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Fronteer Gold Securityholders Overwhelmingly Approve Plan of Arrangement With Newmont (FRG)
Wednesday, March 30, 2011 - 12:57pm | 76Fronteer Gold Inc. (NYSE: FRG) announced that an overwhelming majority of Fronteer Gold securityholders who voted today at Fronteer's Special Meeting of Shareholders have voted to approve the plan of arrangement pursuant to which Newmont Mining Corporation will acquire all the issued and...
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Mining Stocks Sinking Along With Copper (FCX, SCCO)
Wednesday, March 30, 2011 - 11:12am | 93Shares of miners Freeport McMoRan (NYSE: FCX) and Southern Copper Corp (NYSE: SCCO) are coming under significant selling pressure currently as copper futures have plunged 2.14% in early trading; with most of it coming within the past fifteen minutes. Shares of Freeport had been up as much as 2% at...
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Fast Money Picks For March 30th (SLV, UNP, GLNG, CIEN, RIO)
Tuesday, March 29, 2011 - 7:02pm | 271CNBC Fast Money's Brian Kelly is bullish on silver, and he wants to buy iShares Silver Trust (ETF) (NYSE: SLV) tomorrow. iShares Silver Trust (ETF) (SLV) fell 0.06% today, and it closed at $36.17. Pete Najarian thinks that Union Pacific Corporation (NYSE: UNP) should be bought. Union Pacific...
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China Shen Zhou Mining Rises 15% On Rare Earth Strength (SHZ, REE, MCP)
Tuesday, March 29, 2011 - 2:17pm | 131Shares of rare earth miner China Shen Zhou Mining & Resources (NYSE: SHZ) have surged 14.38% on Tuesday as money has been flowing into all of the rare earth plays. Investors should be forewarned, however, that SHZ has been caught up in the Chinese reverse merger fraud conversation, and the...
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Puts Purchased on Sterlite Industries Limited (SLT)
Tuesday, March 29, 2011 - 12:34pm | 127Shares of Sterlite Industries Limited (NYSE: SLT) are higher on the session by 3.18%, currently trading at $15.16. The stock has been moving largely lower over the past four months, but has recently popped higher, above the 50-day moving average. Options traders are buying puts on the name today...
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Mining Names Continue to Lag (FCX, SCCO, NEM)
Tuesday, March 29, 2011 - 11:28am | 150Despite an intraday surge in copper futures and in the overall market, mining names Freeport McMoran (NYSE: FCX), Newmont Mining (NYSE: NEM), and Southern Copper Corp (NYSE: SCCO), all of which took a hit yesterday, continue to lag the overall market. Freeport McMoRan (NYSE: FCX) turned positive...
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Freeport McMoRan Under Early Pressure
Tuesday, March 29, 2011 - 9:57am | 140Freeport McMoRan Copper & Gold Inc.(NYSE: FCX) is one of the leading copper producers. This morning the stock is declining by 0.57 cents to $54.50 a share. Last night the highly followed Shanghai Index was lower by 0.87 percent. When the Shanghai Index declines it will often be reflected in the...
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Morning Market Movers (TRCI, CHGS, SHZ, NEWN)
Tuesday, March 29, 2011 - 9:45am | 151Technology Research Corporation (NASDAQ: TRCI) shares surged 39.26% to $7.13 at 9:45 am. Coleman Cable (NASDAQ: CCIX) announced its plans to buy all the outstanding shares of TRCI for $7.20 per share in a deal valued at $51.5 million. China GengSheng Minerals Inc (AMEX: CHGS) shares advanced 20.75...
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China Shen Zhou Reports Q4 EPS of $(0.09)
Tuesday, March 29, 2011 - 9:35am | 122China Shen Zhou Mining & Resources, Inc. (NYSE: SHZ) today announced financial results for the fourth quarter and fiscal year ended December 31, 2010. For the fourth quarter of 2010, net sales were $4.9 million, a $3.8 million increase from $1.1 million in the same quarter of 2009. Net sales...
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Rare Earths Moving On Molycorp Price Target Raise (MCP, SHZ, REE)
Tuesday, March 29, 2011 - 9:17am | 86Shares of the rare earth metal names are moving sharply higher in pre-market trading after J.P. Morgan raised its price target on Molycorp (NYSE: MCP). China Shen Zhou Mining & Resources Inc. (NYSE: SHZ), Molycorp, Inc. (NYSE: MCP) and Rare Element Res Ltd Ordinary Shares (NYSE: REE) are all...
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Rio Tinto May Try To Acquire SID's Riversdale Stake
Monday, March 28, 2011 - 10:36pm | 248Still short of the 50% threshold of support it wants for its $4 billion takeover offer for Australia's Riversdale Mining, Rio Tinto (NYSE: RIO), the world's second-largest mining company, may try to acquire Brazil's Companhia Siderurgica Nacional's (NYSE: SID) stake in Riversdale, Bloomberg News...
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Mining Companies Ending the Trading Day on Lows
Monday, March 28, 2011 - 4:09pm | 174The trading week started out in the green for mining companies Freeport McMoRan (NYSE: FCX), Southern Copper Corp (NYSE: SCCO), and Newmont Mining Corp (NYSE: NEM), but all started breaking down this afternoon with the downward move in copper. Freeport (NYSE: FCX) had been up nearly 2% at one...
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"Blood in The Streets" As QE2 Could End in April?
Monday, March 28, 2011 - 1:51pm | 1695By Dian L. Chu, EconMatters Federal Reserve Bank of St. Louis President James Bullard, when speaking to reporters in France on March 26, stated, “If the economy is as strong as I think it is, then I think it may be reasonable to send a signal to markets that we're going to start withdrawing our...
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Metals Roundup
Monday, March 28, 2011 - 10:52am | 69Metals names are surging this morning with US Steel Corp (NYSE: X), AK Steel Holding Corp (NYSE: AKS), and Freeport McMoRan (NYSE: FCX) all posting gains of over 1%. US Steel is the strongest of the bunch currently trading up 2.4% to $56.33 with a intraday high of $56.43.