Gold stocks Articles

Silver Investment Demand Surged Higher Than Industry Forecast

18 April, 2019 / Steve St. Angelo, SRSrocco Report

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Asian Metals Market Update: April-18-2019

18 April, 2019 / Chintan Karnani, Insignia Consultants

There is no hope for gold and silver next week if they do not see short covering and rise. Physical demand for gold and silver will be high in Asia and more so in India and Indonesia as they open after a holiday. Risk traders use a buy on sharp dips strategy with a stop loss below $1255 for Monday and a stop loss below $1440 for silver for Monday. Copper is bullish and seems headed for $310 next...Read More

Dow Closes Higher After Retail Sales, Blue-Chip Earnings

Apr 18, 2019 4:34 PM / Emma Duncan

Travelers and American Express posted notable earningsStocks closed higher on the last day of the holiday-shortened week, with the Dow notching a triple-digit gain on the back of outperforming blue chips and better-than-expected March retail sales data. Specifically, Travelers (TRV) and American Express (AXP) both traded near the top of the Dow after earnings. The S&P 500 and Nasdaq ended in posit...Read More

Canarc's stock jumps on PEA at New Polaris

Apr. 18, 2019, 3:21 PM / Northern Miner Staff

Canarc Resources (TSX: CCM) has wrapped up a preliminary economic assessment of its New Polaris gold project in northwestern British Columbia that indicates the project could produce 80,000 ounces of gold per year over an 8.7 year mine life. By market close the Vancouver-based junior's stock had jumped 20%.The study assigns New Polaris a $216 million after-tax net present value at a 5% discount r...Read More

RNC Minerals closes C$12m bought deal financing

Apr. 18, 2019, 2:57 PM / Canadian Mining Journal Staff

RNC Minerals has closed a C$12-million bought deal financing by issuing approximately 24.5 million common shares at a price of C$0.49 each.The offering was underwritten by a syndicate co-led by Haywood Security and Cantor Fitzgerald Canada. The underwriters have also been granted a 15% over-allotment of 3.7 million shares at the same price per share.RNC recently made a high grade discovery - the F...Read More

Roxgold and Newcrest close deal on Sgula project in Cte d'Ivoire

Apr. 18, 2019, 2:54 PM / Editor

Roxgold (TSE: ROXG) announced Thursday that the deal to acquire from Newcrest a portfolio of 11 exploration permits in Cte d'Ivoire, including the Sgula gold project, has completed.The Canadian miner paid $20 million upfront, to be followed by a $10 million deferred payment due when Sgula reaches production.Sgula is Roxgold's second major project after the Yaramoko gold mine in Burkina Faso, also...Read More

Options Traders More Than Doubled Their Money on This Software Stock

Apr 18, 2019 2:38 PM / Emma Duncan

SPLK was poised to bounce from a historically bullish trendlineSubscribers to Schaeffer's Weekly Options Trader service more than doubled their money in just two weeks with the Splunk Inc (NASDAQ:SPLK) weekly 4/12 116-strike call. Below, we will dive into why we anticipated a fast and aggressive upside move from the software stock, and how the options trade unfolded.When we first recommended the c...Read More

Pinterest Stock Soars in Trading Debut

Apr 18, 2019 2:31 PM / Karee Venema

PINS stock began trading on the Big Board earlier todayBlue chips are outperforming on the final trading day of the week, thanks to positive earnings reactions for American Express (AXP) and Travelers Companies (TRV). Among other names making notable moves are social media stock Pinterest Inc (NYSE:PINS), rare genetic disease specialist Mustang Bio Inc (NASDAQ:MBIO), and cannabis issue Canopy Grow...Read More

Altria Hit By Eleventh-Hour Bears After Tobacco Proposal

Apr 18, 2019 2:31 PM / Andrea Kramer

Mitch McConnell will introduce a bill to raise the minimum age to buy tobacco and e-cigsThe shares of Altria Group Inc (NYSE:MO) are lower today, after U.S. Senate Majority Leader Mitch McConnell of Kentucky announced plans to introduce a bill in May to raise the minimum tobacco-buying age to 21. That legislation would also encompass vaping devices -- including the Juul, of which Altria owns a 35%...Read More

Gold falls for the session and posts a fourth weekly loss

Apr 18, 2019 2:23 p.m. / Myra P. Saefong and Rachel Koning Beals

Gold ended modestly lower Thursday to post a fourth weekly loss in a row, with a jump in U.S. retail figures providing support for the dollar, dulling the appeal of the precious metal. On Thursday, gold for June delivery GCM9, +0.09% on Comex fell by 80 cents, or less than 0.1%, to settle at $1,276 an ounce. The settlement was the lowest finish for a most-active contract since Dec. 26, according t...Read More

China's TAL Stock Flashes Buy Before Earnings

Apr 18, 2019 1:58 PM / Josh Selway

TAL has been a volatile stock in recent yearsAmong the more under-covered names reporting earnings next week is China-based TAL Education Group (NYSE:TAL). The company, which focuses on educational technology services, reports earnings before the open next Thursday, April 25. The event is notable due to TAL stock's post-earnings volatility from recent quarters -- and it doesn't hurt that the share...Read More

Ximen to expand precious metals exploration efforts in BC

Apr. 18, 2019, 1:37 PM / Staff

Vancouver-based Ximen Mining (TSX-V: XIM) announced that it is significantly expanding its precious metals exploration efforts in 2019, with programs underway and being scheduled on multiple properties.In a press release, Ximen said that when it comes to its flagship Brett property near Vernon, British Columbia, management plans to file a permit application to extend the historic mine drift along...Read More

Big-Cap Earnings, Healthcare Woes Headline Holiday-Shortened Week

Apr 18, 2019 1:25 PM / Patrick Martin

Legislation fears have the sent healthcare sector reelingSure, it was a holiday-shortened week, with Wall Street taking a breather for Good Friday. But there was plenty of action leading up to the break, with the Dow alternating between red and black all week as investors digested various blue-chip corporate earnings reports. The healthcare sector sold off amid concerns over recent policy proposal...Read More

Shaky Healthcare Sector Limits Dow Gains

Apr 18, 2019 12:03 PM / Lillian Currens

The S&P and Nasdaq are poised for weekly lossesThe suffering healthcare sector is keeping the Dow Jones Industrial Average (DJI) in check again today, with investor anxiety ramped up over recent policy proposals fromlegislators. However, the Dow remains in the black at midday, with help from positive earnings reactions for Travelers (TRV) and American Express (AXP). On the other hand, the S&P 500...Read More

Barrick says Kibali mine on track for another record year

Apr. 18, 2019, 11:26 AM / Staff

Barrick Gold Corporation (NYSE: GOLD, TSX: ABX) announced today that it achieved preliminary Q1 production of 1.37 million ounces of gold and 106 million pounds of copper, both in line with its operating plans and guidance.After setting a production record at the its Kibali mine last year, Barrick says the operation is on track for another record performance in 2019. The Kibali gold mine is a join...Read More

GDP Data, Big-Name Earnings on Deck

Apr 18, 2019 10:24 AM / Emma Duncan

Amazon and a handful of blue chips will reportEarnings season continues full speed ahead, with no fewer than 10 blue chips slated to report. Included in the list of Dow names reporting earnings next week are Coca-Cola (KO), Caterpillar (CAT), Procter & Gamble (PG), and Visa (V). Also on deck will be a handful of big-name retail, food, and social media giants, including Starbucks (SBUX), Facebook (...Read More

Skechers Stock Options Bear Wins Big After Earnings

Apr 18, 2019 10:15 AM / Karee Venema

The May 35 put was popular on SKX stock in recent weeksSkechers USA Inc (NYSE:SKX) stock is down 14.3% at $30.19, set to snap its four-day win streak.Today's drop is sparked by the shoemaker's first-quarter earnings of 71 cents per shares, which was less than analysts were expecting. The company's quarterly revenue of $1.28 billion also missed the mark, as did its current-quarter profit and revenu...Read More

CVS Stock Moves Lower as Analysts Cut Price Targets

Apr 18, 2019 10:10 AM / Emma Duncan

CVS has shed 19% so far this year and is trading near six-year lowsShares of CVS Health Corp (NYSE:CVS) are moving lower in this morning's trading, last seen down 0.3% at $52.37. The drugstore chain received a price-target cut to $75 from $90 at Raymond James, and although Guggenheim initiated coverage with a "buy" rating, the firm lowered its price target by 25% to $63, with the latter noting it...Read More

Jefferies Tees Up These 2 Golf Retailers

Apr 18, 2019 10:06 AM / Patrick Martin

Both retail stocks could soon slice up shortsFollowing Tiger Woods' historic Masters win last Sunday, Jefferies weighed in on golf retailers Callaway Golf Co (NYSE:ELY) and Acushnet Holdings Corp (NYSE:GOLF). The brokerage firm noted the growing golf trend is not just because of the return of 'Tiger-mania.' Said analyst Randal Konik, on-course golf participants grew in 2018 for the first time in 1...Read More

Analyst Believes Starbucks is Hip Enough

Apr 18, 2019 10:03 AM / Josh Selway

SBUX could enjoy more analyst-induced tailwindsAn analyst at Jefferies weighed in on what he refers to as the "third wave" of coffee shops, or those artisan local cafes, and their effect on Starbucks Corporation (NASDAQ:SBUX). The brokerage firm believes SBUX can effectively compete because of its scale and technology infrastructure, even if it's not as "hip" as these newer coffee shops. The analy...Read More