National Steel's (SID) Q1 top line declines on heavy rainfall and delay in new mining fronts.
I believe there are more gains to come Continue reading...
Air Products (APD) expects the facility to produce approximately two million tons of methanol per year.
Gold production for the first quarter of 2020 was 1,250K Oz down 13.1% sequentially. The gold price realized was $1,589 per ounce. The company's board also decl
Air Products (APD) expects the alliance agreement to bolster offerings and customer confidence in the quality, and reliability of project development and efficiency.
Tim McGrath has been the CEO of PC Connection, Inc. (NASDAQ:CNXN) since 2011. This report will, first, examine the CEO...
Newmont Corp’s stock (NYSE: NEM) managed to more than double its shareholder wealth in the last 3 years, with its stock price rising from $32 at the end of 2016 to $66 as on 20th May 2020. Newmont achieved this with a revenue growth of 45%, less than half com…
O ator elogiou Michael Caine e comparou o personagem aos criados por William Shakespeare The post The Batman será “mais sombrio e chocante”, diz Andy Serkis, o Alfred do filme appeared first on Jovem Nerd.
Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?
IAMGOLD reports Q1 2020 results, missing estimates on both earnings and revenue.The company cuts its 2020 production guidance and increases its cost guidance.Too many things have gone wrong in IAMGOLD, and I abandon my previous bullish stance as even the high…
The deal provides a new long-term iron ore customer to U.S. Steel's (X) Minnesota mines along with incremental volumes.
Revenues were $2.58 billion, and net income was $822 million or $1.02 per share in 1Q'20 compared to $87 million or $0.16 per share the same quarter a year ago.
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretend that the company hasn't already seen a big boost. Once the dust settled in March, gold prices rebounded with a vengeance. NEM did as well, as did Barrick Gold (NYSE:GOLD), another company we are bullish on.Although Newmont stock has dipped slightly from the new highs it made earlier this year, shares are still up 100% from the March lows. For 2020, Newmont is up 46%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold as a HedgeWhen the novel coronavirus sucker punched the global economy, central banks had to act quickly. They needed a coordinated effort to stave off a global depression and buy us some time until we had more resources. Governments, economies, hospitals and people needed more time, ventilators and information, among other things. * 7 Excellent Penny Stocks Ready to Roar This forced the Federal Reserve, European Central Bank, and the rest to fire up the printing presses. They slashed interest rates, made cash appear overnight, stepped into credit markets and kickstarted what Paul Tudor Jones called the "Great Monetary Inflation."Known on the Street as PTJ, the legendary trader expanded on the topic, saying this is "an unprecedented expansion of every form of money unlike anything the developed world has ever seen."As a result, he scoped out gold, Treasuries, and even bitcoin. I personally prefer crypto assets to the yellow metal, but it doesn't hurt to have some exposure to the latter in one's portfolio. Tudor Jones even said bitcoin reminds him of gold in the 1970s.One of his reasons for betting on bitcoin is that it's the "fastest horse" in the group -- and we know that to be true with its volatility. But the point is still the same: global central banks will drive up the prices of others assets, gold included. NEM Stock as a BuyNewmont Mining reported earnings earlier this month. Despite coming into the print at its year-to-date high, NEM stock barely flinched despite missing on earnings and revenue expectations.However, the misses were minimal and growth expectations remain strong. Earnings of 40 cents per share missed by 2 cents, while revenue of $2.58 billion exploded higher by 43.3%, although missed estimates by $80 million.For the year, analysts expect Newmont to earn $2.29 per share. In that scenario, that's up more than 73% year-over-year. Those estimates are also up over the last seven, 30 and 90 days, where they stood at $2.25 per share, $2.11 per share, and $1.92 per share, respectively. Click to EnlargeA company with growing earnings expectations in 2020? That puts NEM stock in a category with few participants. In 2021, consensus estimates call for another year of robust earnings growth, at 37%. Revenue growth estimates in those two years stand at 13.4% and 7%, respectively.However, there is a hiccup in there. Management expects Q2 (the upcoming quarter) to be its highest cost and lowest production quarter. So there could be a dip over the next few months. If that's the case, investors may be wise to nibble some NEM stock.That's after management maintained its long-term outlook. They also said expenses should improve through 2024, alongside stable production. Risks and AlternativesThere are many reasons to be bullish on gold, and thus bullish on gold stocks. However, that doesn't mean it comes without risk.Gold prices and gold stocks were hit in March, when an unprecedented decline and increase in volatility hit equity markets. This put pressure on precious metals, cryptocurrencies and fixed income, too. Investors were forced to sell assets -- high quality or low -- in order to meet their obligations.So NEM stock, GOLD stock, and gold prices are not immune to this price action should it arise again.Additionally, gold may not trade in the manner that investors expect. While gold seems like a no-brainer here -- with investors needing just one difficult trait called patience -- it's possible that it doesn't behave the way we expect.For those that can't decide between which gold stocks to buy, they can also consider owning the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX). The top holding in this case is NEM stock, followed by Barrick Gold. Between the two, they make up roughly 30% on the fund.At the end of the day, though, NEM stock should continue higher. It's got great growth prospects.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Newmont Mining Should Ride Higher With Gold Prices appeared first on InvestorPlace.
Franco-Nevada (FNV) benefits from focus on cost management and higher gold prices.
U.S. Steel (X) to use the net proceeds to boost liquidity, strengthen the balance sheet and for general corporate purposes.
The SPDR Gold Trust (NYSEARCA:GLD) is on a hot streak so far this year. The related gold mining stocks and funds such as the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) are enjoying even greater gains. The GLD ETF is up 13.5% year-to-date, and 35% over the past 12 months. Meanwhile, the GDX gold mining ETF has posted huge returns. It's up 22% year-to-date, and 75% since last May.Source: Shutterstock Naturally, some traders are thinking about taking profits here. It's been a big move, after all. But don't miss the forest for the trees. Gold traders are used to the bear market that had been running in precious metals since 2012. Thus, their inclination has been to sell every advance.But the trend has changed. Gold is in a new expansion phase, and investors should be strapped in for the ride. In fact, precious metals were already in an uptrend even prior to 2020. And now, the novel coronavirus has greatly accelerated that dynamic.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GDX and Gold Mining Stocks: It's 2008 All Over AgainEven as the financial crisis was already well under way, in 2008, the price of gold soared to an all-time high of $1,000 an ounce. To many investors, that record-high price probably seemed like an ideal opportunity to sell. When other things are plunging, the first instinct might be to sell the asset that has appreciated. But even at $1,000 an ounce, it was as actually a great time to buy. Gold's price nearly doubled over the following three years and rose to $1,900 an ounce in 2011. * 7 Excellent Penny Stocks Ready to Roar Today's gold market feels eerily similar to the 2008 version. The price of gold just hit a seven-year high of $1,747 an ounce and is setting up for what I believe will be a rapid double over the next couple of years.This rally is causing a huge ripple effect in gold mining stocks like GDX. In fact, almost all of my gold stock recommendations have doubled already. But I think they're just getting warmed up. The current economic crisis has created a perfect situation for the gold mining industry. Even in Recession, Gold Miners Can Grow EarningsOne key point to consider is that almost every stock market sector will being delivering negative earnings growth over the next several quarters. One sector that will not be following this downtrend is the gold mining sector. It will be producing strong year-over-year growth - perhaps even the strongest growth of any major sector.To give one example of how this is already playing out, look at mining giant Newmont Mining's (NYSE:NEM) earnings report from earlier this month. Newmont reported that revenues soared 43%, EBITDA surged 63%, and adjusted net income nearly doubled.Gold miners enjoy tremendous margin expansion as the price of gold soars. Newmont proved that out with income surging far more than revenues, and we're seeing similar trends out of other miners this earnings season.The low price of oil offers another huge tailwind for the mining firms. Investors complained that mining stocks didn't capitalize as much on the 2003-2011 gold price boom as they would have expected. However, earnings growth was capped because there was huge commodity price inflation at the same time. Remember that oil shot up to as much as $147 a barrel during that period. Other things you need to build mines, like steel, also surged in price. Thus, while miners could sell gold for far higher prices, they lost much of those gains to inflation.This time around, other commodities are dirt cheap. For example, diesel fuel for mining trucks is near 20-year lows. Steel prices have dropped. There's no labor inflation either; after nearly a decade of low gold and silver prices, there is no shortage of capable geologists willing to work for reasonable wages. Gold Mining Stocks VerdictLong story short, this could be the start a golden age for precious metals miners and GDX. In many ways, this resembles 2008. The ingredients are there to set off a major run in the price of gold. Don't look at $1,700 an ounce as expensive -- it could be just the beginning of a major multiyear move to far higher price levels.Meanwhile, gold miners are ideally positioned heading into this surge. Few have hedged their production heavily, leaving more upside as prices surge. Cost inflation is minimal. And the aggressive monetary stimulus being used to fight the coronavirus recession should provide a sustained flight-to-safety trade along with a demand for inflation hedges.As we get past the virus and start to consider the long-term economic impacts, there will be more concern about inflation. The amount of central bank stimulus put into the economy is unprecedented, and it will boost asset prices. Gold mining stocks should be one of the biggest beneficiaries in coming months and years.P.S. Where Did All the Gold Go? Billionaires like "Bond King" Jeffrey Gundlach… Ray Dalio… Stanley Druckenmiller… and Paul Tudor Jones are bullish on the yellow metal…78-year-old billionaire investor Sam Zell just bought gold for the first time in his life! What do they know that the average person doesn't? What does this mean for the future of the economy?I think you'll be surprised when you see. Click here to see the full story.Eric Fry is an award-winning stock picker with numerous "10-bagger" calls -- in good markets AND bad. Eric does not own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post The Bull Run in the Gold Miners ETF Is Just Getting Started appeared first on InvestorPlace.
The composite PMI plunged to 27.4 in April, a new series low, as companies were shuttered and millions of non-essential workers were furloughed or laid off.For fiscal year 2020, the federal budget deficit could hit an incredible $3.7 trillion, the Congression…
The stock that’s gained the most since February 19 isn’t what you might expect.
NEM earnings call for the period ending March 31, 2020.
S&P; 500 reaches 3,000 level, AutoZone reports earnings Continue reading...
The ratio of federal debt to GDP is expected to rise dramatically due to the COVID-19 pandemic fiscal stimulus. This should result in a significant gold price rally.The analysis shows that a trading strategy for gold miners is preferable to a buy-and-hold inv…
You can arrange the ingredients so they show through the translucent rice wrappers decoratively, or just bung the filling in and they will still look pretty and taste fresh.
Celanese's (CE) latest price increase is incremental to any previously announced hikes.
Upbeat fiscal 2020 view and bright Hawthorne prospects make Scotts Miracle-Gro (SMG) an attractive option now.
With the latest capacity additions, LyondellBasell (LYB) provides license to more than 8500 KTA of benchmark multi-modal HDPE resins.
RUN earnings call for the period ending March 31, 2020.
Each week I try to identify a key theme that defined the movement in stock prices over the past 5 days. But unlike many investors, my searching isn't based on news, it's based on price.The charts tell the tale, if investors are keen to listen. This week's exercise revealed clear rotation going on beneath the market's surface, and directed me to these top trades for your consideration.The first part of the shift was money flowing out of leaders and into laggards. Large-caps have long been leading the market recovery, while small-caps have lagged.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut not this week! The switcheroo saw little guys pick up the torch and lead their bigger brethren to victory. As of Thursday's close, the S&P 500 was only up 3% but the iShares Russell 2000 ETF (NYSEARCA:IWM), which represents small-caps, was up 7.3%.The second shift is partially related to the first. Stocks benefiting from the novel coronavirus saw profit-taking while economically sensitive equities (like small-caps) surged. That's a welcome development that points to risk appetite continuing its return. * 7 Excellent Penny Stocks Ready to Roar Here's the silver lining. If you've been waiting for a dip before buying companies outperforming during the Covid-19 crisis, then here's your chance. These three stocks have attractive setups that make them top trades for the week: * Netflix (NASDAQ:NFLX) * Citrix Systems (NASDAQ:CTXS) * Newmont Mining(NYSE:NEM)Let's take a closer look at their respective pullbacks and build trades to profit. 3 Top Trades for the Week Ahead: Netflix (NFLX)Source: The thinkorswim® platform from TD Ameritrade Netflix is the type of no-brainer stock that should leave investors who didn't buy during the March crash kicking themselves. NFLX was bound to do well during a time when content-hungry consumers were ordered to stay home.Netflix was one of the first stocks to recover and has since gone on to record highs. This week's rotation saw profit-taking strike the streaming king even as the rest of the market rallied.The pullback tested the rising 20-day moving average and held on Thursday. But even if the stock dips further, I think you have to view the weakness as a golden opportunity to get in on one of the top trades in the market at lower prices. Since it's always wise to have a plan in case you're wrong, I suggest watching $400 or the 50-day moving average as your line in the sand. If we push below that, then I'd change my bullish tune.Its higher price tag makes NFLX stock a great candidate for bull put spreads. We can create a wide profit zone in case the retreat continues before buyers emerge.The Trade: Sell the June $395/$300 bull put spread for around 90 cents. Citrix Systems (CTXS)Source: The thinkorswim® platform from TD Ameritrade Citrix Systems has been among those tech stocks seriously benefiting from the work from home trend. Its share price was up 40% year-to-date before the recent drop.This week's selling did inflict damage to the overall trend by jamming shares below the 50-day moving average. It's the deepest retreat we've seen in CTXS since March, so I suspect some would-be buyers are hesitant.The reason I don't mind putting money to work here is twofold. First, we can wait for the stock to return above the 50-day before pulling the trigger. That will invalidate the breakdown and return CTXS stock to a healthy status.Second, the underlying themes driving CTXS haven't changed this week. And that makes me believe this is a simple correction, rather than the beginning of a trend-ending sell-off. We can deploy a strategy that gives the stock some room to flounder and still profit. * 7 Excellent Penny Stocks Ready to Roar The Trade: Sell the June $125/$120 bull put spread for 70 cents. CTXS options aren't that liquid, so you must use limit orders. Newmont Mining (NEM)Source: The thinkorswim® platform from TD Ameritrade Gold and gold stocks have been on fire this year. Economic upheaval and the printing of trillions of dollars is breathing new life into the bullish thesis for owning precious metal related products. And the Vaneck Vectors Gold Miners ETF (NYSEARCA:GDX) has more than doubled from March lows.As one of the largest players in the space, Newmont Mining has been riding the rising tide. It even came within a whisper of all-time highs, which is incredible given that the sector fund (GDX) is still 50% off its peak.NEM stock's leadership makes it a top trade pick if you're looking for exposure to the yellow metal. Buying an outperforming stock in an outperforming sector means you're betting on the strongest possible candidate.This week's rotation saw profit-taking strike and is creating a classic buy-the-dip opportunity. Every pullback this year has been a great chance to buy, and I see no reason why we should view this one differently. If you want to increase your odds of success, I like selling naked puts. You're essentially getting paid for your willingness to acquire the stock.The Trade: Sell the June $60 put for around $1.45.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler didn't hold positions in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Top Trades As We Head Into the Last Week of May appeared first on InvestorPlace.
Q1 2020 Newmont Corporation Earnings Call
Co-estrelado por Wesley Snipes The post Sylvester Stallone revela sequência para O Demolidor, filme de 1993 appeared first on Jovem Nerd.
For 2020, Newmont (NEM) now projects attributable gold production to be nearly 6 million ounces compared with 6.4 million ounces expected earlier.
Gold stocks rallied 122% off the March market low as gold prices surged. Here's the outlook for Barrick Gold, Kirkland Lake, Kinross and others.
Gold and many gold equities are up.Now that most gold names have rallied, a question is “Are there gold names which have yet to shine?”.Strategic Metals is one of those laggards.Despite the underperformance, Strategic appears compelling for certain investors.…
Waldo teamed up with fellow AGO artists Sango and Savon last fall to drop off his album Grove, an ode to his native town of Grand Rapids, Michigan. The rapper and producers have now released the accompanying The Grove Instrumentals project, dropping off the 1…
Dow Jones Recovers, Ralph Lauren advances on fourth-quarter results Continue reading...
Agnico Eagle reported its 1Q'20 results on May 1, 2020. Revenues were weaker than I expected at $671.88 million, down 10.8% sequentially.Agnico Eagle had a solid gold production this quarter. Production was 411,366 Au Oz, down 16.8% sequentially. Weak product…
Hungary's parliament voted Tuesday to ban transgender people from changing their gender on identity documents, in a move that LGBT+ advocates said was cr...
The shutdown of Kinross' (KGC) Tasiast mine is not anticipated to have a material impact on the production in 2020 or the development of the 24k expansion.
Technically speaking, the S&P 500 has maintained key support (2,793) amid a respectable market whipsaw to start the worst six months seasonally, writes Michael Ashbaugh.