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Timberline Drills Additional High-Grade Gold Intercepts at Butte Highlands
Monday, July 11, 2011 - 8:51am | 94Timberline Resources Corporation (NYSE: TLR) today announced additional results from underground drilling at the Butte Highlands Gold Project in southwestern Montana. Results reported today are from holes BHUG11-034 through BHUG11-039 and BHUG11-068 in Timberline's recently-completed 86-hole, 49,...
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General Moly Announces Amendment to Hanlong Agreement
Monday, July 11, 2011 - 8:32am | 169General Moly, Inc. (NYSE: GMO) announced amendments to the Securities Purchase Agreement and the Bridge Loan Agreement between the Company and Hanlong Mining Investment Inc. that provide for greater flexibility with respect to Mt. Hope permit receipt and Chinese bank approval timelines. The...
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Deutsche Bank Reports Balancing Act For Freeport-McMoRan
Monday, July 11, 2011 - 8:09am | 71According to Deutsche Bank, Freeport-McMoRan (NYSE: FCX) is on a balancing act. Deutsche Bank said that about 8,000 workers are members of the union but not all are on strike. “Based on our conversations with management, there has been no impact to shipments thus far, as the company has stock...
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Can The U.S. Dollar Index Decline Save Markets?
Friday, July 8, 2011 - 10:13am | 314This morning, the major stocks indexes are declining sharply after the weak non-farm payroll report was released by the U.S. Labor Department. The government reported just 18,000 jobs created, meanwhile, the unemployment rate increased to 9.2 percent. Normally, when the U.S. Dollar Index declines...
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Biggest Pre-Market Losers
Friday, July 8, 2011 - 9:09am | 101Losers: XL Group (NYSE: XL) is trading down nearly 9% near $20.50. Autoliv (NYSE: ALV) is trading down over 8% near $73.10, after the DOJ and EC began investigating the company for potential anti-trust violations. Check Point Software (NASDAQ: CHKP) is trading down over 5.5% near $54.78. Dollar...
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BMO Capital Lowers PT On CMP
Friday, July 8, 2011 - 8:49am | 169BMO Capital has lowered its price target from $92 to $90 on Compass Minerals (NYSE: CMP) but is maintaining its Market Perform rating on the stock. Says BMO Capital, in its report, “In tracking Highway Deicing bid season awards and tenders, including the recent release of details from two large...
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BMO Lowers PT On Compass Minerals To $90
Friday, July 8, 2011 - 6:20am | 29BMO Capital Markets has lowered the price target on Compass Materials (NYSE: CMP) from $92 to $90 and maintains its Market Perform rating.
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Did Copper Just Give The All Clear Sign?
Thursday, July 7, 2011 - 3:06pm | 573Copper has been on a nice uptrend recently, and it recently just broke out on the daily chart, seen here. Copper is so important because it is used in everything, from housing to industry to automobiles to electronics. Hence why economists have given it the nickname, "Dr. Copper." Excluding...
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Dahlman Rose Comments on Taseko Mines
Thursday, July 7, 2011 - 12:36pm | 102Dahlman Rose provided color on Taseko Mines (NYSE: TGB) in a research report published today. Dahlman Rose has previously given Taseko Mines a Buy rating. In the report, Dahlman Rose states, "Taseko sets floors and ceilings for most of its 2012 copper production; insuring operating cash flows for...
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Morgan Stanley Updates 7/7
Thursday, July 7, 2011 - 9:28am | 216Morgan Stanley made a number of updates in a research report published today. Urban Outfitters Inc. (NASDAQ: URBN) had its rating upgraded from Equal-weight to Overweight. At the same time, its price target was raised from $34.00 to $36.00. On Wednesday, URBN closed the day at $30.75. Its shares...
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Kimber Announces $7 Million Bought Deal Private Placement
Thursday, July 7, 2011 - 9:08am | 181Kimber Resources Inc. (NYSE: KBX) announced that it has entered into an engagement letter with a syndicate of Underwriters for the offering, on a private placement basis, of 4,400,000 common shares of Kimber at a price of C$1.60 per Share, for gross proceeds of C$7,040,000, with a "bought deal"...
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Morgan Stanley Reiterates Overweight on Freeport-McMoRan
Thursday, July 7, 2011 - 6:46am | 59Morgan Stanley reiterated its Overweight rating on Freeport-McMoRan (NYSE: FCX). At the moment, Morgan Stanley has a price target of $65 on the company's stock. On Wednesday, FCX lost 0.19% of its value to finish the day at $53.52. Its shares regained most of yesterday's losses in today's pre-...
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Mining Stocks Hold Gains Into Close
Wednesday, July 6, 2011 - 3:42pm | 94Gold is up over 0.75% on the session, trading near $1529; while silver is up over 1.20%, currently trading near $36. Mining stocks may have benefited from the move: Silver Wheaton (NYSE: SLW) is up over 4.40%, trading near $36. Eldorado Gold (NYSE: EGO) is up over 3%, trading near $16. Silver...
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It Is Still The Most Important Chart
Wednesday, July 6, 2011 - 9:59am | 255This morning, the major stock market indexes are pulling back slightly. The pullback in the stock market indexes come as the U.S. Dollar Index begins the morning trading higher. Often, when the U.S. Dollar Index starts the day higher before the opening bell, it will fade throughout the trading...
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How To Play The Chinese Rate Hike
Wednesday, July 6, 2011 - 8:30am | 470This morning, the People's Bank of China announced it would be raising its key interest rate by 25 basis points, effective tomorrow to combat price stability and curb inflation. The move had been expected, but what was not expected was the timing. Foreign exchange strategists had been expecting...