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Macquarie's price objective indicates a potential downside of 29.58% from the stock's previous close.
B2Gold Corp. . Miner. Down eight cents, or 2.59 per cent, to $3.01 on 6.4 million shares.
Mr. Friedland's option to purchase additional units was part of the original terms of the Ivanhoe Mines private-placement financing that was announced on May 20, 2014, and which closed on June 10, 2014.
In early trading on Thursday, shares of Newmont Mining topped the list of the day's best performing components of the S&P 500 index, trading up 1.5%.
Twelve-month price target is $18. Company can exceed consensus expectations in the upstream business, Morgan Stanley said.
Prime Minister Stephen Harper repeatedly claims that a carbon tax would 'destroy jobs and growth.'
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Japanese Prime Minister Shinzo Abe visited the resources-rich Pilbara region of Western Australia Wednesday, in a recognition of the key role its minerals have played in his country's economic growth.
Stocks inched higher in early trading Wednesday, reversing a two-day decline, as the quarterly earnings season got underway with some positive news from the giant aluminum company Alcoa.
Miner Alcoa Inc reported results after Wall Street closed that beat analysts' expectations, but that was not enough to help European equities recover after posting their biggest fall in three months on Tuesday.
Local stocks are set to open sharply lower after a wave of anxiety triggered a broad sell off on global markets.
The new CEO of Potash Corp. of Saskatchewan Inc., Jochen Tilk, said the company has no plans to follow a competitor's strategy of cutting prices to try to add to market share.
Alcoa Inc. on Tuesday reported a second-quarter profit of $138 million, reversing a year-ago loss, and the results beat analysts' expectations.
"It looks like it was a very good quarter both in earnings and revenues and, of course, everybody's looking for the revenues," said Tim Ghriskey, chief investment officer of Bedford Hills, New York-based Solaris Asset Management, which owns Alcoa bonds.
Predicated on U.S. GDP growth in the second half, a European recovery in the offing, a new government in India and China economic strength, Barclays expects a strong chance of an iron ore equity bounce.
U.S. stock index futures edged lower on Tuesday, suggesting a second day of weakness as investors continued to hold off from making big bets going into the start of corporate earnings season.
Updated: Fri Jul 11, 2014 02:36 am
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