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Benzinga's Top Pre-Market Gainers
Friday, July 15, 2011 - 8:12am | 134Petrohawk Energy Corp (NYSE: HK) shares advanced 63.77% to $38.47 in the pre-market session. BHP Billiton Ltd (NYSE: BHP) announced its plans to buy Petrohawk Energy for $12.1 billion in cash. Google Inc (NASDAQ: GOOG) shares advanced 12.87% to $597.00 in the pre-market session. GOOG reported...
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BMO Upgrades Teck Resources to Outperform, Raises PT to $60
Friday, July 15, 2011 - 7:56am | 59BMO upgraded its rating on Teck Resources (NYSE: TCK) to Outperform. At the same time, BMO raised its price target on the company's stock to $60. On Thursday, Teck lost 2.39% of its value to finish the day at $50.62. Its shares are starting to recover in today's pre-market trading, rising 0.36% to...
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News Summary for July 15, 2011
Friday, July 15, 2011 - 7:53am | 571This is your Benzinga news summary and traders' outlook for Friday, July 15, 2011, covering headlines from overnight and Friday pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly higher despite a U.S. debt downgrade warning by the S&P. The U.S....
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Bank of America Merrill Lynch Drops Rating On Petrohawk Energy Corp.
Friday, July 15, 2011 - 7:45am | 48Bank of America Merrill Lynch is dropping its rating on Petrohawk Energy Corp. (NYSE: HK) after the company agreed to be acquired by BHP Billiton (NYSE: BHP) for $38.75 per share in cash.
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Credit Suisse Updates 7/15/11
Friday, July 15, 2011 - 7:36am | 869Credit Suisse made a number of updates in a research report published today. Freeport-McMoRan Copper & Gold (NYSE: FCX) had its rating assumed with an Outperform rating and a price target of $75. On Thursday, FCX lost 1.17% of its value to end the day at $54.25. Its shares continued to slide...
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Petrohawk Energy up 63% Pre-Market on Acquisition by BHP Billiton
Friday, July 15, 2011 - 7:34am | 70Petrohawk Energy (NYSE: HK) is up 63% on the news from last night stating that the company will be acquired by BHP Billiton (NYSE: BHP). Under the terms of agreement BHP would pay $38.75 per share, which represents a 65% premium to Petrohawk's Thursday closing price of $23.49. Petrohawk is...
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UPDATE: Bank of America Color on Freeport-McMoRan Copper and Gold Initiation
Friday, July 15, 2011 - 7:27am | 152Bank of America, which initiated Freeport-McMoRan Copper and Gold (NYSE: FCX) at $75 with a Buy rating, is providing some color on the stock. “Freeport-McMoRan Copper and Gold (FCX) is the world's largest publicly traded copper and molybdenum producer, as well as the eighth largest gold producer...
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Bank of America Initiates Freeprt-McMoRan At Buy, $75 PO
Friday, July 15, 2011 - 6:22am | 25Bank of America has initiated coverage on Freeport-McMoRan (NYSE: FCX) with a Buy rating and $75 price objective.
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Bank of America Moves HK To No Rating After Acquisition Announcement By BHP
Friday, July 15, 2011 - 6:19am | 48Bank of America has moved Petrohawk Energy (NYSE: HK) to No Rating after BHIP Billiton (NYSE: BHP) announced its plan to acquire Petrohawk for $38.75 in cash per share, expected to commence July 25.
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Dahlman Rose Reiterates Rio Tinto Buy, $127 PT
Thursday, July 14, 2011 - 12:36pm | 86Dahlman Rose reiterated its Rio Tinto (NYSE: RIO) Buy rating and $127 price target in a research report published today. In the report, Dahlman Rose states, "Overall, although the company's 2Q11 production was below our estimates in several areas, it produced 5% more iron ore than we anticipated,...
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Top Narrow Based Indexes For July 14
Thursday, July 14, 2011 - 10:47am | 185By 10:45 am, the Dow Jones Industrial Average was up 49.34 points, or 0.39%, to 12,540.95, while the broader Standard & Poor's 500 index had gained 3.50 points, or 0.27%. The NASDAQ composite index rose 2.31 points, or 0.08%. Some of the narrow based indexes that are driving the markets are...
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Morning Market Losers
Thursday, July 14, 2011 - 9:59am | 107Coffee Holding Co Inc (NASDAQ: JVA) dipped 10.07% to $20.73 at 9:55 am. JVA shares have jumped 363.45% over the past 52 weeks, while the S&P 500 index has gained 20.32% in the same period. SMF Energy Corporation (NASDAQ: FUEL) shares dropped 8.64% to $1.48. FUEL had $109.00 thousand in total...
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Entree Gold Ann Mason Project Drilling Returns Over 700 Metres of 0.49% Copper Equivalent
Thursday, July 14, 2011 - 9:03am | 50Entree Gold (NYSE: EGI) has received complete assay results from four additional deep diamond drill holes on the Ann Mason deposit in the Yerington district of Nevada. Three of the holes returned long intercepts (557 metres to 702 metres) averaging from 0.42% to 0.49% copper equivalent.
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China Shen Zhou Announces Sumochaganaobao Fluorite Mine Asset Assessment
Thursday, July 14, 2011 - 9:03am | 199China Shen Zhou Mining & Resources, Inc. (NYSE: SHZ) today announced that SRK Consulting China Ltd. has completed an independent assessment of the current status and prospective future production of the Sumochaganaobao Fluorite Mine resource, and provided an independent technical report...
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Crosshair Commences Drilling in the Central Mineral Belt, Labrador
Thursday, July 14, 2011 - 8:36am | 154Crosshair Exploration & Mining Corp. (NYSE: CXZ) announces that drilling has commenced at both the CMB Uranium/Vanadium Project and the CMB Joint Venture Uranium Project located in central Labrador, Canada. The CMB JV Project is a joint venture with Silver Spruce Resources, whereby Crosshair...