With market volatility as a backdrop, analysts at Canaccord Adams have identified a number of potential takeover targets in the mining space as well as their possible buyers. Three names in particular stand out among the targets: Yamana Gold Inc. (AUY), HudBay Minerals Inc. (HBMFF.PK), and Uranium One Inc. (SXRZF.PK).
Yamana has been a very aggressive buyer in the last few years, but analyst Steve Butler figures it is turning into an attractive target because of its production growth, discounted valuation,...
Obama wins, futures move lower. European markets and U.S. futures traded lower overnight (see data below) as investors, perhaps, emerged from their election-induced elation and began thinking about the mess President-elect Barack Obama will inherit. Still, analysts at BNP Paribas were optimistic about the leadership change: "Obama has strong personal, political and institutional assets... his program is relatively well adapted to America's needs, in the fields of energy, healthcare, social cohesion and competitiveness." UBS analysts said winners of an Obama victory would be hospitals and nursing-home operators, life-sciences, natural gas firms, solar...
The third quarter earnings season kicks off Wednesday for large-cap gold companies, and Credit Suisse analyst Anita Soni suggests the stocks are now "poised to disappoint" in a difficult market environment.
"We expect earnings, production or cost misses will be viewed unforgivingly in the current environment of extreme aversion to operational risk," she wrote in a note to clients.
When people see danger in the market, their natural response is to liquidate everything and move everything into cash in order to ride out the storms. The conventional wisdom is "Cash is King." However, conventional wisdom doesn't work anymore, as this is unconventional time. If you are fully loaded in cash or U.S. Treasury Bonds, this news, first noted by Karl Denninger, should completely shock you out of your shell:
As financial markets take some of their worst hits in decades, gold continues to shine. Up 3% from last year vs. losses for almost all other assets, Barron's sees an investment opportunity in this precious metal.
Though down markedly in the past week, to $785.10, gold has shown real strength during the financial crisis as investors search for safety. In March, during Bear Stern's collapse, gold hit $1,000/ounce, and some bulls expect gold to bounce back beyond $1,000 to as high as $2,500/ounce.
Yamana Gold Inc. (AUY) slashed its production outlook at its analyst day in Toronto Wednesday. The company still plans to reach two million ounces in 2012, but it cut the guidance for each year leading up to that.
According to analysts at Paradigm Capital and BMO Capital Markets, the new development plans appear "more realistic" than the previous ones. For that reason, Don MacLean and Don Blyth of Paradigm called it a positive development for the stock, even though some short-term...
Yamana Gold Inc. (AUY) should likely benefit from the miseries of the current credit crunch, with its ability to buy up companies that are financially less secure, says Scotia Capital analyst Trevor Turnbull.
Gold producing stocks are well and truly in the dog box with Yamana Gold Incorporated suffering more than most , so we contacted Yamana regarding their performance and they replied this morning.Their ...
TORONTO , CANADA , Nov 19 , 2008 ( MARKET WIRE via COMTEX ) - - - - In June of this year , BacTech Mining Corporation ( " BacTech " or the " Company " ) ( TSX VENTURE : BM ) entered into an agreement ...
TORONTO , CANADA ( Marketwire Nov . 19 , 2008 ) In June of this year , BacTech Mining Corporation ( BacTech or the Company ) ( TSX VENTURE : BM ) entered into an agreement to acquire a 33 % interest ...
With market volatility as a backdrop , analysts at Canaccord Adams have identified a number of potential takeover targets in the mining space as well as their possible buyers.Three names in particular ...
TORONTO , CANADA - - ( Marketwire ) - - 11 / 19 / 08 - - In June of this year , BacTech Mining Corporation ( " BacTech " or the " Company " ) ( TSX VENTURE : BM ) entered into an agreement to ...
TORONTO , CANADA - - ( Marketwire ) - - 11 / 19 / 08 - - In June of this year , BacTech Mining Corporation ( " BacTech " or the " Company " ) ( TSX VENTURE : BM ) entered into an agreement to ...
TORONTO , CANADA - - ( Marketwire - Nov . 19 , 2008 ) - In June of this year , BacTech Mining Corporation ( " BacTech " or the " Company " ) ( TSX VENTURE : BM ) entered into an agreement to ...
TORONTO , CANADA , Nov 19 , 2008 ( Marketwire via COMTEX ) - - GLDKF | Quote | Chart | News | PowerRating - - In June of this year , BacTech Mining Corporation ( " BacTech " or the " Company ...
TORONTO , CANADA - - ( MARKET WIRE ) - - 11 / 19 / 08 - - In June of this year , BacTech Mining Corporation ( " BacTech " or the " Company " ) ( TSX VENTURE : BM ) entered into an agreement to ...
TORONTO , CANADA - - ( Marketwire - Nov . 19 , 2008 ) - In June of this year , BacTech Mining Corporation ( " BacTech " or the " Company " ) ( TSX VENTURE : BM ) entered into an agreement to ...
TEL AVIV (MarketWatch) -- Yamana Gold Inc., the Toronto gold, silver and copper producer, reported third-quarter net income quintupled, and adjusted earnings fell 52%, on 24% higher revenue. Earnings reached US$150.2 million, or US$0.21 a share, from US$30 million, or US$0.08, in the year-earlier period. Adjusted earnings were 5 cents a share against 18 cents. The latest earnings reflect an unrealized gain on commodity derivatives of US$138.9 million. Mine operating earnings fell 64% to US$44.4 million. Revenue rose to US$247.5 million from US$200 million. In the quarter, Yamana produced 235,406 ounces of gold, up 77% from a year earlier....
Chris Armbruster, senior research analyst for Al Frank Asset Management in Laguna Beach, Calif., says that the short-term direction of the market is hard to determine, but that long-term investors should "go shopping when things are on sale," adding that they will find a lot of bargains right now that are likely to pay off within the next five years. Also, Greg McBride of BankRate.com says it's 50-50 the Fed cuts rates, but says that no cut would be the better decision for the market and the economy.
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