Precious Metals & Minerals

Gold has dominated the news in recent weeks. The precious metal has rallied over $250 since the end of June, rocketing from roughly $1500 to almost $1800. Yet, at the same time, the other precious metal—silver—has failed to keep pace. Silver went on an impressive run in April, setting a new...

Anooraq Resources Corporation (NYSE: ANO) refers shareholders to the cautionary announcements of May 13, 2011 and June 28, 2011, relating to discussions between Anooraq and Anglo American Platinum Limited in respect of a potential transaction between them. As stated in those announcements, the...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Mercer International (NASDAQ: MERC) is a “winning stock." For Carbo Ceramics (NYSE: CRR), he said, "I prefer Core Labs (NYSE: CLB) because it's more consistent." Cramer said that he is “sticking with Cliffs Natural Resources (...

Dish Network Corp (NASDAQ: DISH) reported a 30% rise in its second-quarter profit. Dish Network's quarterly profit surged to $335 million, or $0.75 per share, from $257 million, or $0.57 per share, in the year-ago period. Its revenue climbed 13% to $3.59 billion. However, analysts were expecting...

Hecla Mining Co (NYSE: HL) reported downbeat second-quarter profit. Hecla Mining reported its quarterly income applicable to common shareholders at $33.2 million, or $0.11 per share, up from $13.7 million, or $0.05 per share, in the year-ago period. Its revenue climbed 33% to $117.9 million....

BMO reiterated its Outperform rating on Silver Wheaton (NYSE: SLW). At the same time, the rating agency reduced its price target on the company's stock from $57.50 to $53. On Monday, SLW lost 2.66% of its value to finish the day at $33.24.

BMO Capital Markets provided color on Couer D'Alene Mines (NYSE: CDE) in a research report published today. BMO Capital Markets has previously given Couer D'Alene Mines a $38 price target and an Outperform rating. In the report, BMO Capital Markets states, "While the EPS miss appears significant,...

At 10:15 am, the Dow fell 2.16% to 11,197.12, the broader Standard & Poor's 500 index moved down 2.98% to 1,163.69 and the NASDAQ composite index dropped 3.29% to 2,449.00. The industries that are still afloat in the market today are: Building Materials Wholesale: This industry jumped 3.00%...

Dollar Thrifty Automotive Group Inc (NYSE: DTG) reported a 0.6% rise in its second-quarter net profit. Dollar Thrifty's quarterly net profit increased to $42.5 million, from $42.3 million, in the year-ago period. Its revenue dropped 0.3% to $395.1 million. Dollar Thrifty's earnings per share...

Hecla Mining Company (NYSE: HL) announced today that its Board of Directors has approved the completion of the #4 Shaft Project at the Lucky Friday mine. Hecla is also pleased to report progress on its Star (Silver Valley – Idaho), Equity/Bulldog (San Juan Silver JV – Colorado) and Hugh Zone (San...

Jan Hatzius, the prestigious economist at Government, err Goldman Sachs (NYSE: GS) came out with a report this morning and told us to expect some kind of QE3 announcement when the Federal Reserve meets next week. This is from his note this morning, thanks to ZeroHedge: "We have lowered our...

Today I am going to do something really amazing. I am going to tell you that in my opinion the U.S. economy has not entered a second recession, it never came out of the first one. Well, before you professional economists start writing me that the Webster's definition of a recession is two...

BMO reiterated its Outperform rating on Minefinders (NYSE: MFN). At the same time, the rating agency left its price target on the company's stock unchanged at $20. On Wednesday, MFN added 1.49% to its value to finish the day at $15.69. Its shares continued to climb in today's pre-market trading,...

BMO provided color on Silver Standard Resources (NASDAQ: SSRI). In a research report published today, the rating agency commented on the company's sale of its silver project to its Australian rival. In the report, BMO states, “Silver Standard announced that it sold the Bowdens silver project...

Ignore the merit in your individual holdings as traders may temporarily abandon specific fundamental and technical reasons to hold and raise cash…be careful. Today's trading range in Crude oil futures was nearly $5 or $5,000 per contract. Fasten your seat belt as volatility is likely here to stay...