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IAMGOLD Looking…Well, Golden (IAG)
Tuesday, September 14, 2010 - 12:05pm | 221Shares of IAMGOLD Corp. (NYSE: IAG) are higher on the session by 6.51%, currently trading at $18.00. The stock has been moving largely higher over the past six months, off from a recent high near $13.00. IAG has run into resistance around $19.25-19.50 a number of times. Options traders are betting...
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Goldcorp Bountiful with Penasquito - Analyst Blog
Monday, September 13, 2010 - 3:15pm | 569Goldcorp Inc. (GG) has commenced production at its Penasquito mine in Zacatecas, Mexico. The company reported combined 30-day average throughput rate in excess of 70,000 tons per day, including daily throughputs as high as 105,000 tons. In its earlier release, Goldcorp had announced to produce 180...
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Benzinga's Top Pre-Market NASDAQ Losers (SGEN, ARNA, HGSI, GOLD)
Monday, September 13, 2010 - 9:21am | 122Seattle Genetics Inc (NASDAQ: SGEN) dipped 4.87% to $12.10 in the pre-market session. SGEN's leukemia drug, Lintuzumab for acute meyeloid leukemia (AML) patients, has failed its trial. Arena Pharmaceuticals Inc (NASDAQ: ARNA) lost 0.71% to $6.96 in the pre-market session. ARNA's trailing-twelve-...
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Company News for September 9, 2010 - Corporate Summary
Thursday, September 9, 2010 - 10:03am | 710• Reports say 7-Eleven is planning a $40 per share bid for Casey's General Stores (NASDAQ: CASY), valued at $2 billion • Fitch upgraded its rating on BP (NYSE: BP) three notches to A with a Stable outlook, noting the "end to the threat of further leaks from the Macondo well" • Goldman Sachs (NYSE:...
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Benzinga's Top Upgrades (HMY, TIN, CE, STO)
Thursday, September 9, 2010 - 7:47am | 154Harmony Gold Mining Co (NYSE: HMY) was upgraded by JP Morgan from “neutral” to "overweight." HMY’s shares closed at $10.74 yesterday. Harmony Gold Mining’s earnings are likely to gain 28.60% in the next 5 years. Goldman upgraded Temple-Inland Inc (NYSE: TIN) from "neutral" to "buy.” TIN’ shares...
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Benzinga's Top Downgrades (SEH, AU, BZ, ESI)
Thursday, September 9, 2010 - 7:34am | 149Spartech Corporation (NYSE: SEH) was downgraded by KeyBanc from “buy” to “hold.” SEH’s shares closed at $9.19 yesterday. SEH’s earnings have fallen by 38.97% in the past 5 years. JP Morgan downgraded AngloGold Ashanti Limited (NYSE: AU) from "overweight" to "neutral." AU’s stock closed at $43.97...
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Dahlman Rose Has Thoughts On Allied Nevada Gold (ANV)
Wednesday, September 8, 2010 - 2:11pm | 145Dahlman Rose & Co. is out with a research report on Allied Nevada Gold (NYSE: ANV), and has a Buy rating on shares. It also has a $29.60 price target on ANV, about 15% higher than where shares are currently trading. In the research report, Dahlman Rose & Co. writes, "We have not altered...
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Top 4 Stocks In The Gold Industry With The Highest EPS Estimates (NEM, IAG, RGLD, AUY)
Wednesday, September 8, 2010 - 5:23am | 147Below are the top gold stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next quarter. The earnings estimate for Newmont Mining Corp (NYSE: NEM) for the December quarter is $ 1.06 per share. NEM’s quarterly earnings surged 135.80% y/y. IAMGOLD Corp (NYSE: IAG) is expected to...
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Eldorado Withdraws Proposal to Acquire Andean Resources (EGO)
Tuesday, September 7, 2010 - 2:24pm | 91Eldorado Gold Corporation (NYSE: EGO) today announced that it has elected not to proceed with its proposal to acquire Andean Resources Limited. Paul Wright, President and Chief Executive Officer stated, "Our proposal has been met with broad support from the minority shareholders of Andean and our...
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Goldcorp Declares Dividend Payment of $.015
Tuesday, September 7, 2010 - 12:31pm | 45GOLDCORP INC. (NYSE: GG) declares its ninth monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Friday, September 17, 2010 will be entitled to receive payment of this dividend on Friday, September 24, 2010.
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Nevsun Hires New VP (NSU)
Tuesday, September 7, 2010 - 9:40am | 72Nevsun Resources Ltd. (NYSE: NSU) announces it has added Scott Trebilcock to its senior management team as VP Business Development and Investor Relations. Scott is a process engineer and MBA with 14 years of industry and consulting experience, working with Nautilus Minerals in Toronto, PRTM...
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Goldcorp Heading for Andean - Analyst Blog
Friday, September 3, 2010 - 5:33pm | 969Goldcorp Inc. (GG), the leading Canadian gold producer is acquiring the Australian gold miner Andean Resources Ltd for a total consideration of C$3.6 billion (US $3.4 billion) along with its key assets including Cerro Negro gold project in Argentina. Currently, the company has resources of 2.54...
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Goldcorp Purchases Andean
Friday, September 3, 2010 - 4:13pm | 166Goldcorp (NYSE: GG) and Andean (TSE: AND) agreed to a purchase for cash and shares. The offer modestly trumps the earlier all stock offer from Eldorado Gold (AMEX: EGO) The remaining outstanding shares were purchased for approximately $3.4 billion. Based on yesterdays close, the transaction is...
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Zings Of The Day (GG, TTWO)
Friday, September 3, 2010 - 4:04pm | 278Jobs, jobs, jobs. It's all about Jobs, jobs, jobs. The jobs report came out this morning, and results were better than expected The economy lost 54,000 jobs in August versus an expectation of 101,000 jobs lost. Pretty sure I helped the snackfood sector of the jobs report this month with my love...
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Goldcorp Acquires Andean Resources, Shares Fall
Friday, September 3, 2010 - 9:37am | 80Goldcorp Inc (NYSE: GG) has signed an agreement with Andean Resources Ltd to purchase all the remaining shares of Andean Resources Ltd for a sum of around $3.6 billion CAD ($3.4 billion). The deal values the shares of Andean Resources Ltd at a 35% premium to its Toronto’s closing price on...