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Kinross-Red Back Merger? - Analyst Blog
Friday, September 3, 2010 - 9:06am | 802On a request from Institutional Shareholder Services, Kinross Gold Corporation (KGC) provided details of the proposed merger with Red Back Mining Inc., a leading African gold producer, announced in early August this year. Kinross’ Story Kinross is on its way to acquire the Red Back Mining Inc for...
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US Stock Futures Range Bound Ahead Of Payroll Data
Friday, September 3, 2010 - 8:53am | 330US stock futures remained range bound on Friday, ahead of the government's monthly employment report. Futures for the Dow Jones Industrial Average fell 11 points to 10,298. S&P 500 futures gained 0.4 points to 1,090, while Nasdaq 100 index futures rose 2.75 to 1,840. Stocks had been declining...
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S&P Waffles Around Key 1050 Level 08-31-2010
Tuesday, August 31, 2010 - 7:13pm | 862Cusick’s Corner The market waffled around key S&P support-resistance levels of 1050 and remains under pressure due to the uncertainty over the data that’s coming out during the rest of the week. One factor potentially holding this market up today may be a byproduct of a little end-of-the-...
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Metals and Mining Review - Sept. 2010 - Industry Outlook
Tuesday, August 31, 2010 - 6:12pm | 2617Overview The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for the lion’s...
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Lagging Sectors That Need More Momentum 08-31-2010
Tuesday, August 31, 2010 - 2:52pm | 790Cusick’s Corner The market has held up this Midday with the help from a better than expected 53.5 Consumer Confidence number, in spite of a strong push back to the 1040 level earlier in the session. We are waiting for the dissection of the latest Fed minutes, but after the action yesterday on...
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Kinross Acquires Dvoinoye Deposit - Analyst Blog
Monday, August 30, 2010 - 5:54pm | 595Kinross Gold Corporation (KGC) has acquired a 100% interest in Russia’s Dvoinoye deposit and the Vodorazdelnaya exploration and mining licenses by taking over the Northern Gold LLC and Regionruda LLC, the companies that enjoyed the rights to the properties. In exchange, Kinross paid about $165...
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Stock Market News for August 26, 2010 - Market News
Thursday, August 26, 2010 - 3:09pm | 633After skidding for four straight sessions, stocks staged a comeback yesterday even as economic data continued to paint a dismal picture. Disappointing housing and durable goods numbers sent stocks lower in the first hour of trading, with the Dow average plunging more than 100 points, but some...
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Citi Likes Barrick Gold (ABX)
Thursday, August 26, 2010 - 1:50pm | 98In a research report released by Citigroup (NYSE: C) yesterday, the firm's analysts wrote that investors should buy Barrick Gold (NYSE: ABX) ahead of seasonal strength in the September-December time period. The firm has a price target on ABX of $55. Citi has a Hold rating and $55 price target on...
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Top 4 Mid-Cap Stocks In The Gold Industry With The Highest Dividend Yield (BVN, GFI, HMY, AUY)
Thursday, August 26, 2010 - 4:17am | 127Below are the top mid-cap gold stocks on the NYSE and the NASDAQ in terms of dividend yield. Compania Mina Buenaventura SA (NYSE: BVN) has a dividend yield of 1.50%. BVN’s shares closed at $39.15 yesterday. Gold Fields Ltd (NYSE: GFI) has a dividend yield of 1.40%. GFI’s shares closed at $14.00...
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AMERICAN TRUCKING ASSOCIATION: “THE ECONOMY IS SLOWING”
Wednesday, August 25, 2010 - 7:08pm | 340More signs of weakness from this month’s ATA report on trucking (courtesy of the ATA): The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.5 percent in July, although June’s reduction was revised from 1.4 percent to 1.6 percent. The...
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Truck Tonnage Index Increases for 8th Month
Wednesday, August 25, 2010 - 5:19pm | 376ARLINGTON, VA — "The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.5% in July, although June’s reduction was revised from 1.4% to 1.6%. The latest improvement raised the SA index from 108.3 (2000=100) in June to 110 in July. Compared...
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A Miner You've Probably Never Heard Of Could Yield Explosive Profits (BVN)
Wednesday, August 25, 2010 - 2:37pm | 416The mining sector is dominated by a few major players that most investors/traders are aware of. This article is about one you've probably never heard of, Compania de Minas Buenaventura SA (NYSE: BVN). If you're looking for gold plays, the names that jump out at you are Barrick Gold (NYSE: ABX),...
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Top Narrow Based Indexes For August 25 (SVM, TOL, NGD)
Wednesday, August 25, 2010 - 2:10pm | 196By 1:51 pm, the Dow Jones Industrial Average was down 14.60 points, or 0.15%, to 10,025.85, while the broader Standard & Poor's 500 index had lost 2.46 points, or 0.23%. The NASDAQ composite index rose 0.43 points, or 0.02%. Some of the narrow based indexes that are supporting the market are...
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Mid-Day Market Movers (SOMX, CWTR, VGZ, FCFL)
Wednesday, August 25, 2010 - 11:20am | 148Somaxon Pharmaceuticals (NASDAQ: SOMX) climbed 59.64% to $5.38 at 10:36 am. Procter & Gamble (NYSE: PG) has agreed to co-promote SOMX’s new insomnia medication Silenor. Coldwater Creek Inc (NASDAQ: CWTR) jumped 23.28% to $4.13. CWTR has reported better-than-expected Q2 results. Vista Gold Corp...
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Calls Purchased on Vista Gold (VGZ)
Wednesday, August 25, 2010 - 11:02am | 163Shares of Vista Gold Corp. (AMEX: VGZ) are higher on the session by 16.24%, currently trading at $2.22. The stock has been moving largely lower over the past four months, but has skyrocketed as of late, off of a low of $1.33 just a few days ago. Options traders continue to buy calls on the name....