AngloGold Ashanti (AU) Advances While Market Declines: Some Information for Investors
- AngloGold Ashanti (AU) closed the most recent trading day at $45.87, moving +1.68% from the previous trading session.
- 06/11/2025
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AngloGold Ashanti Inks Deal to Sell MSG Mine, Stock Hits 52-Week High
- AU hits a 52-week high after striking a $76-million deal to sell its high-cost MSG mine to Aura.
- 06/03/2025
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5 High Earnings Yield Value Picks Amid Renewed US-China Tensions
- AU, ORC, LTM, PRTH, and ALIZY are some value picks with high earnings yield and rising EPS amid renewed U.S.-China trade tensions.
- 06/03/2025
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Should Value Investors Buy AngloGold Ashanti PLC (AU) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/02/2025
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AngloGold Ashanti Agrees to the Sale of the Mineração Serra Grande Mine
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) has agreed to sell its interest in Mineração Serra Grande mine (“MSG”) located in the state of Goiás, Brazil, to Aura Minerals Inc. (“Aura”). The Company will sell Mineração Serra Grande S.A. (“Sale”), which owns MSG to a Brazilian incorporated affiliate of Aura (“Purchaser”) for the following consideration: A cash consideration of $76 million on closing subject to certain workin.
- 06/02/2025
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HMY vs. AU: Which Gold Mining Stock is the Better Pick Now?
- Harmony Gold and AngloGold Ashanti ride a 26% YTD gold price surge, with strong cash flows, dividend growth and growth projects driving prospects.
- 05/28/2025
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AngloGold Ashanti (AU) is a Great Momentum Stock: Should You Buy?
- Does AngloGold Ashanti (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/27/2025
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Cameo Closes Acquisition Relating To Property In Tanzania
- May 22, 2025, SURREY, British Columbia – TheNewswire - Cameo Resources Inc. (CSE: MEO) (“ Cameo ” or the “ Company ”) is pleased to announce that further to its March 13, 2025 and April 30 th press releases, it has completed its arms-length acquisition of all of the issued and outstanding shares of 1154308 B.C. Ltd. (“ Privco ”) which holds the rights to acquire a 100% right, title, and interest in the Katoro Gold Properties (the “ Properties ”), located in the Geita region of Tanzania for option payments equaling US$ 500,000. The first USD$250,000 payment will be due upon completion of due diligence by the Company The second USD$250,000 is to be paid within six months . The Company issued 13 million common shares to Privco shareholders at a deemed price of $0.075 per share to acquire 100% of all outstanding shares of Privco. These shares are subject to a hold period to the later of 4 months and a day and the date that the Company files a business acquisition report in respect to this transaction.
- 05/22/2025
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4 Gold Mining Stocks to Buy Right Away on Rising Gold Prices
- Invest in gold stocks like AU, NEM, GFI and BTG for solid returns, with the metal continuing its bullish run.
- 05/22/2025
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AngloGold Ashanti Trading Cheaper Than Industry: Buy the Stock?
- The AU stock is undervalued compared to its peers. We assess its growth outlook to determine whether this presents a buying opportunity or calls for caution.
- 05/20/2025
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New Strong Buy Stocks for May 20th
- WPM, EQX, RGLD, B and AU have been added to the Zacks Rank #1 (Strong Buy) List on May 20, 2025.
- 05/20/2025
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Best Income Stocks to Buy for May 20th
- RITM, AU and B made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 20, 2025.
- 05/20/2025
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AngloGold Ashanti Is Ascending
- AngloGold Ashanti's strategic reset under CEO Calderon has driven operational discipline, improved margins, and enhanced portfolio quality, justifying AU's current valuation. The company's move to the NYSE and strong management execution have unlocked value, attracting more institutional investors. Despite cyclical gold sector risks, AU's high-quality, low-cost assets and reaffirmed 2025 guidance position it for continued outperformance versus peers.
- 05/19/2025
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Dealings in Securities by an Executive Director and Executive Officers of AngloGold Ashanti plc
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) announces that an Executive Director, Gillian Doran, and Executive Officers of the Company, Terry Briggs and Marcelo Godoy, have dealt in securities of the Company. A portion of the respective shares received have been sold to satisfy related taxes as detailed below. Name of Executive Director Gillian Doran Name of Company AngloGold Ashanti plc Date of transaction 15 May 2025 Nature of tr.
- 05/16/2025
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Dealings in Securities by an Executive Director and Executive Officer of AngloGold Ashanti plc
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) announces that an Executive Director, Alberto Calderon, and an Executive Officer of the Company, Richard Jordinson, have dealt in securities of the Company. A portion of the shares received by Alberto Calderon have been sold to satisfy related taxes as detailed below. The shares received by Richard Jordinson, who will retire as Chief Operating Officer of the Company and member of the Exec.
- 05/14/2025
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AngloGold Ashanti delivers strong start in Q1 2025 YoY: Gold production +22%; AISC* +1%; Free cash flow* rises 607% to $403m; Headline earnings up 671% to $447m; 2025 guidance reaffirmed
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc(2) (“AngloGold Ashanti”, “AGA”, the “Company” or the “Group”) reported a sevenfold increase in free cash flow* and an almost eightfold rise in profit attributable to equity shareholders in Q1 2025 compared to Q1 2024, underpinned by higher gold production(3), effective cost management, and a stronger gold price. The Company generated $403m in free cash flow*(6) in Q1 2025, representing a 607% year-on-year increase from $57m.
- 05/09/2025
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AU Vs GOLD: Which Gold Mining Stock Shines Brighter in 2025?
- As gold prices continue to climb and investor interest surges in the gold mining space, let us analyze which is the better investment option - AngloGold Ashanti or Barrick Mining.
- 05/08/2025
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3 No-Brainer Gold Stocks to Buy Right Now
- While rare earth minerals and other critical minerals have recently become flashpoints in the escalating trade war between the United States and China, gold has also remained at the top of investors' minds.
- 05/02/2025
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AngloGold Ashanti Agrees Sale of Côte d'Ivoire Projects
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) has agreed to sell its interests in two gold projects in Côte d'Ivoire to Resolute Mining Limited (“Resolute”) as it continues to sharpen its focus on its operating assets and development projects in the United States. The Company will sell Centamin West Africa Holdings Limited (“CWAH”), which owns the Doropo Project and the Archean-Birimian Contact (“ABC”) Project in Côte d'Ivoi.
- 04/30/2025
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Cameo Signs LOI to Acquire a 100% Interest in the Katoro Gold Property in Tanzania and Lists on Frankfurt Exchange
- April 30, 2025, SURREY, British Columbia – Cameo Resources Inc. (CSE: MEO) (“ Cameo ” or the “ Company ”) is pleased to announce further to its March 13, 2025 press release that it has entered into an arms-length Securities Exchange Agreement dated April 29, 2025 with 1154308 B.C. Ltd. (“Privco”), a British Columbia Incorporated company to acquire a 100% right, title, and interest in the Katoro Gold Properties (the “ Properties ”), located in the Geita region of Tanzania (the “Acquisition”)' The Securities Exchange Agreement provides for the purchase of all of the securities of PrivCo that are owned or held by the PrivCo shareholders at the time of closing. At closing. Cameo will issue 13 million common shares to PrivCo shareholders at a deemed price of $0.075 per share to acquire 100% of all outstanding shares. Privco and the Katoro Gold property rights contained within.
- 04/30/2025
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Why Gold Miner Stocks Plunged Today on a Great day for the Markets
- Shares of gold mining stocks Barrick Gold (GOLD -4.43%), Newmont Mining (NEM -2.58%), Gold Fields (GFI -4.85%), and AngloGold Ashanti (AU -5.98%) were all down today, falling 4.6%, 2.6%, 6%, and 5.1%, respectively.
- 04/23/2025
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AU Stock Soars 87% YTD: Too Hot to Handle or a Golden Opportunity?
- The AngloGold Ashanti stock has been gaining lately on the back of gold prices. Let us determine whether this momentum will continue and if you should invest now.
- 04/23/2025
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Market Indexes Tank Again, but Gold Continues to Shine
- The COMEX closed today's session climbed +3.3% today to a current spot price of $3426 per ounce -- a new record high.
- 04/21/2025
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Kincora Copper: Second Major Earn-In Secured with AngloGold Ashanti
- Amended Agreement: Kincora Copper and AngloGold Ashanti sign a major amendment to their Earn-in and Joint Venture Agreement ("Agreement") for a second joint venture in the Northern Junee-Narromine Belt of the Macquarie Arc supporting total expenditures of up to $100 million Key Highlights: Multiple-phase, multiple-year agreement covering the Nyngan South, Nevertire South and Mulla projects Stage 1: AngloGold Ashanti may earn a 70% interest by spending $25 million Stage 2: Option to increase to 80% with additional funding and/or studies The Agreement for two separate joint ventures cover a continuous strike greater than a 100km's and five projects Kincora remains the operator, receiving a 10% management fee Accelerated Drilling Plans: Expansion to ongoing drilling at the Nyngan project and a new drilling program to commence at the Nevertire and Nevertire South projects Strong Funding Model: Over $110 million of potential asset level funding has been secured; further large-scale partnerships are under active negotiation Kincora remains on track to achieve its ambition for third-party management fees to support a self funding financing model Melbourne, Australia--(Newsfile Corp. - April 14, 2025) - Kincora Copper Limited (TSXV: KCC) (ASX: KCC) ("KCC", "Kincora" or the "Company") is pleased to announce the execution of a major amendment to its existing agreement with a wholly owned subsidiary of AngloGold Ashanti plc ("AngloGold Ashanti"). The Agreement opens the way for more extensive exploration in the Northern Junee-Narromine Belt ("NJNB") of the Macquarie Arc, Central West NSW, Australia.
- 04/14/2025
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AU Vs NEM: Which Gold Stock is the Smarter Play Amid the Recent Rally?
- With soaring gold prices and investor interest surging in the gold mining space, let us analyze which is the better pick now - AngloGold Ashanti or Newmont.
- 04/11/2025
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Why These Gold Stocks Skyrocketed Today, and Why You'd Want to Buy Some
- Gold stocks were among the top gainers in the markets today, with shares of some gold miners even rallying by double-digit percentages throughout the day. Here are some top-performing gold stocks and their intraday highs as of 2 p.m.
- 04/09/2025
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AngloGold Ashanti: Growth Catalyst Offers An Attractive Entry Point At This Price
- Recent gold price rally seems far from over, giving the actual macroeconomic context. The gold's upward trend highly benefited gold mining companies in 2024, getting them on track to keep crushing it this year. The acquisition of the Sukari gold mine through the Centamin deal gives Anglo a new growth catalyst for this year after achieving a record free cash flow in 2024.
- 04/01/2025
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Inflection Resources Completes Share Issuance to AngloGold Ashanti
- Vancouver, British Columbia - TheNewswire - April 1, 2025 : Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the "Company" or "Inflection") is pleased to announce it has issued 11,133,399 common shares in the capital of the Company to AngloGold Ashanti Holdings plc, (“AngloGold Ashanti”) (NYSE: AU / JSE: ANG) as consideration for the completion of AUD10,000,000 in Phase I Expenditures on the Company's New South Wales properties in Australia, pursuant to the Exploration Earn-in Agreement with an affiliate of AngloGold Ashanti announced on June 14, 2023 .
- 04/01/2025
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AngloGold Ashanti: Earnings Multiple Just Too Cheap With Gold Above $3100
- Gold prices have surged 38% YoY, boosting AngloGold Ashanti shares; I initiate a buy rating due to its modest valuation and strong fundamentals. Despite a soft earnings report, AU's stock hit multi-year highs, supported by a bullish reversal in profit and robust free cash flow. AU's FY 2025 outlook is positive with expected production of 2.9-3.2 million ounces and aggressive capex plans, particularly in Nevada.
- 04/01/2025
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AngloGold Ashanti Publishes Its 2024 UK Annual Report and Other Annual Reports
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--Today the Company published the following reports for the financial year ended 31 December 2024: 2024 UK Annual Report (including its audited consolidated financial statements as of and for the financial year ended 31 December 2024); Sustainability Report 2024; and Mineral Resource and Mineral Reserve Report 2024. These reports communicate relevant aspects of the Company's operating, sustainability and financial performance in 2024 (from 1 Januar.
- 03/26/2025
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AngloGold Ashanti Designates Four Inflection Resources Projects for Phase II of Exploration Earn-in Agreement
- Vancouver, British Columbia, March 25, 2025 – TheNewswire - Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the "Company" or "Inflection") is pleased to announce that AngloGold Ashanti Australia Limited (“AngloGold Ashanti”) (NYSE: AU / JSE: ANG) has completed Phase I of the Exploration Earn-in Agreement (the “Earn-In Agreement”) announced on June 14, 2023 by investing AUD$10,000,000 in the Company's portfolio of copper-gold projects in New South Wales, Australia. AngloGold Ashanti has designated a total of four copper-gold projects to proceed to Phase II of the Earn-In Agreement. Summary Highlights:
- 03/25/2025
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What Makes AngloGold Ashanti (AU) a Strong Momentum Stock: Buy Now?
- Does AngloGold Ashanti (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 03/17/2025
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Are Basic Materials Stocks Lagging AngloGold Ashanti PLC (AU) This Year?
- Here is how AngloGold Ashanti (AU) and Novozymes A/S (NVZMY) have performed compared to their sector so far this year.
- 03/17/2025
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Gold Stock, GE Aerospace Lead 5 Defensive Plays Near Buy Points
- Gold and insurance stocks dominate top IBD lists in a down market. Along with GE Aerospace, they are among stocks to watch near buy points this week.
- 03/15/2025
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Markets Stay Bleak on More Tariff Warnings
- Radical shifts are coming to trade and immigration, but market participants are not yet seeing the light at the end of the tunnel.
- 03/13/2025
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Cameo Signs LOI to Acquire a 51% Interest in The Katoro Gold Property Tanzania
- March 13, 2025 – TheNewswire - SURREY, British Columbia – Cameo Resources Inc. (CSE: MEO) (“ Cameo ” or the “ Company ”) is pleased to announce that it has entered into an arms-length binding letter of intent (the “LOI”) with 1154308 B.C. Ltd., pursuant to which, and subject to the terms and conditions contained therein, it would enter into an Option Agreement (the “ Agreement ”) to acquire a 51 % right, title, and interest in the Katoro Gold Properties (the “ Properties ”), located in the Geita region of Tanzania (the “ Acquisition ”). Highlights of the Katoro Property:
- 03/13/2025
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Take the Zacks Approach to Beat the Markets: NioCorp, AngloGold, Amgen in Focus
- Last week, our time-tested methodologies served investors well in navigating the market. Check out some of our achievements from the past three months.
- 03/10/2025
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Is AngloGold Ashanti PLC (AU) Stock Outpacing Its Basic Materials Peers This Year?
- Here is how AngloGold Ashanti (AU) and SSR Mining (SSRM) have performed compared to their sector so far this year.
- 02/28/2025
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G2 Goldfields Expands Team and Appoints VP, Investor Relations and VP, Business Development - Guyana
- TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce the appointment of Ms. Jacqueline Wagenaar as VP, Investor Relations and the promotion of Mr.
- 02/20/2025
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AngloGold Ashanti delivers nine-fold increase in 2024 free cash flow* to $942m versus prior year; Adjusted EBITDA* +93% year-on-year and H2 dividend growth of 263% to 69 US cents per share; total cash costs* +4% for FY 2024, below group inflation
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti Reports Fourth Quarter and Full Year 2024 Results; Announces New Dividend Policy; Provides Guidance for 2025.
- 02/19/2025
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AngloGold Ashanti (AU) Ascends But Remains Behind Market: Some Facts to Note
- In the most recent trading session, AngloGold Ashanti (AU) closed at $33.24, indicating a +0.24% shift from the previous trading day.
- 02/13/2025
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Are Basic Materials Stocks Lagging AngloGold Ashanti PLC (AU) This Year?
- Here is how AngloGold Ashanti (AU) and i-80 Gold (IAUX) have performed compared to their sector so far this year.
- 02/12/2025
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AngloGold Ashanti (AU) Is Up 4.04% in One Week: What You Should Know
- Does AngloGold Ashanti (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 02/10/2025
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Why New Tariffs Could Boost These 3 Basic Materials Stocks
- If price action is any indication of what the market is thinking, investors can check the stocks that led the industry over the past week. The industry has seen a spike in volatility as a result of President Trump's latest round of tariffs.
- 02/08/2025
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Why AngloGold Ashanti Stock Sizzled in January
- AngloGold Ashanti (AU -2.28%) stock is crushing the S&P 500. Shares of the gold miner zoomed 30.9% in the month of January alone, according to data provided by S&P Global Market Intelligence, and are inching even higher this month.
- 02/06/2025
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4 Top Gold Stocks to Buy With Investors Seeking Safe Haven
- Invest in gold stocks like AU, NFGC, GFI and ORLA for solid returns, with the metal continuing its bullish run amid inflation fear.
- 02/04/2025
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Gold Stocks Shine as Prices Hit Record Highs—Top 3 Picks
- The trend of gold has continued its strong momentum from 2024, with the precious metal soaring to record highs in early 2025. In 2024, gold delivered an impressive return, surging over 30% for the year.
- 02/04/2025
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Bull of the Day: AngloGold Ashanti (AU)
- Earnings are soaring as gold hits record highs.
- 02/03/2025
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Is AngloGold Ashanti PLC (AU) Stock Outpacing Its Basic Materials Peers This Year?
- Here is how AngloGold Ashanti (AU) and International Paper (IP) have performed compared to their sector so far this year.
- 01/27/2025
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AngloGold Ashanti Glitters With Growth After Merger And Market Gold Rush
- Today's article initiates my coverage of AngloGold, rating it a buy. The company recently acquired Centamin, which will increase mine production capability, and also has other projects in the pipeline. The firm's credit ratings are stable at all 3 major agencies.
- 01/15/2025
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Wall Street Analysts Think AngloGold Ashanti (AU) Could Surge 25.79%: Read This Before Placing a Bet
- The consensus price target hints at a 25.8% upside potential for AngloGold Ashanti (AU). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 01/14/2025
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Are Basic Materials Stocks Lagging AngloGold Ashanti PLC (AU) This Year?
- Here is how AngloGold Ashanti (AU) and Nouveau Monde Graphite Inc. (NMG) have performed compared to their sector so far this year.
- 01/10/2025
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New Strong Buy Stocks for January 10th
- HSBC, GP, RXT, AU and ICFI have been added to the Zacks Rank #1 (Strong Buy) List on January 10, 2024.
- 01/10/2025
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Best Income Stocks to Buy for January 10th
- HSBC, AU and SCHW made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 10, 2024.
- 01/10/2025
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AngloGold Ashanti plc Announces Board Committee and Board Role Changes
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) announces that with effect from 1 January, the membership of its Board Committees will be as follows: Audit and Risk Committee Alan Ferguson (Chair) Kojo Busia Bruce Cleaver Rhidwaan Gasant Al Garner Jinhee Magie Diana Sands Compensation and Human Resources Committee Al Garner (Chair) Alan Ferguson Rhidwaan Gasant Nicky Newton-King Diana Sands Nominations and Governance Committee Jochen Tilk (Chair) Rhidwaan.
- 12/20/2024
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Dealing in Securities by an Executive Officer of AngloGold Ashanti plc
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) announces that an Executive Officer of the Company, Stewart Bailey, has dealt in securities of the Company. Name of Executive Officer Stewart Bailey Name of Company AngloGold Ashanti plc Date of transaction 12 December 2024 Nature of transaction Off-market receipt of vested shares under the 2023 Deferred Share Plans (DSP) Class of security Ordinary shares Number of securities 34,311 Price.
- 12/13/2024
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Dealing in Securities by an Executive Director of AngloGold Ashanti plc
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) announces that an Executive Director of the Company, Gillian Doran, has dealt in securities of the Company. Name of Executive Officer Gillian Doran Name of Company AngloGold Ashanti plc Date of transaction 3 December 2024 Nature of transaction Off-market receipt of vested shares under the 2023 Deferred Share Plan (DSP) Class of security Ordinary shares Number of securities 10,883 Price pe.
- 12/04/2024
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Dealing in Securities by an Executive Officer of AngloGold Ashanti plc
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) announces that an Executive Officer of the Company, Lisa Ali, has dealt in securities of the Company. Name of Executive Officer Lisa Ali Name of Company AngloGold Ashanti plc Date of transaction 26 November 2024 Nature of transaction Off-market receipt of vested shares under the 2023 Deferred Share Plans (DSP) Class of security Ordinary shares Number of securities 9,733 Price per security.
- 11/27/2024
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AngloGold Ashanti Gains Jersey Court Approval for Centamin Buyout
- AU completes its Centamin acquisition, following court order registration.
- 11/22/2024
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Dealing in Securities by Executive Officers of AngloGold Ashanti plc
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) announces that Executive Officers of the Company, Terry Briggs and Lizelle Marwick, have dealt in securities of the Company. Name of Executive Officer Terry Briggs Name of Company AngloGold Ashanti plc Date of transaction 18 November 2024 Nature of transaction Off-market receipt of vested shares under the 2023 Deferred Share Plans (DSP) Class of security Ordinary shares Number of securiti.
- 11/19/2024
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Dealing in Securities by an Executive Officer of AngloGold Ashanti Plc
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) announces that an Executive Officer of the Company, Alberto Calderon, has dealt in securities of the Company. Name of Executive Officer Alberto Calderon Name of Company AngloGold Ashanti plc Date of transaction 12 November 2024 Nature of transaction Off-market receipt of vested shares under the 2023 Deferred Share Plans (DSP) Class of security Ordinary shares Number of securities 54,970 P.
- 11/13/2024
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Why Gold Stocks Plummeted Today
- Their foundational asset wasn't looking like such a precious metal on Monday.
- 11/11/2024
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AngloGold Ashanti Q3 2024 Earnings Release for the Three Months and Nine Months Ended 30 September 2024
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) reported its strongest gold production quarter of 2024 from managed operations(1) in the three months ended 30 September 2024, driving significant year-on-year gains in earnings and free cash flow*. The Company reaffirmed full-year guidance for gold production, costs and capital expenditure. "Tight control of costs and active management of our working capital means that the highe.
- 11/07/2024
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Gold Fields and AngloGold Ashanti Provide an Update on the Proposed Joint Venture Between Gold Fields' Tarkwa Mine and AngloGold Ashanti's Iduapriem Mine in Ghana
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--Gold Fields and AngloGold Ashanti (the “Parties”) refer shareholders to their joint media release of 16 March 2023 in which the Parties announced that they had agreed key terms for a proposed joint venture between Gold Fields' Tarkwa Mine and AngloGold Ashanti's Iduapriem Mine in Ghana (the “Proposed Joint Venture”). Shareholders are also referred to subsequent updates provided by both companies on the Proposed Joint venture progress in their res.
- 11/07/2024
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AngloGold Ashanti (AU) Rises Higher Than Market: Key Facts
- In the most recent trading session, AngloGold Ashanti (AU) closed at $29.13, indicating a +1.53% shift from the previous trading day.
- 10/29/2024
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Uganda Re-Elected to African Union Peace and Security Council: A Beacon of Stability and Leadership in Continental Peace Efforts
- In a significant stride for peace on the continent, Ambassador Rebecca Amuge Otengo, Uganda’s Permanent Representative to Ethiopia, Djibouti, the African Union (AU), and the UN Economic Commission for Africa, announced during the recent Ambassadors’ conference that Uganda has been re-elected to the African Union Peace and Security Council for the 2024-2026 term. This accomplishment, […] The post Uganda Re-Elected to African Union Peace and Security Council: A Beacon of Stability and Leadership i...
- 10/18/2024
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After Plunging -6.7% in 4 Weeks, Here's Why the Trend Might Reverse for AngloGold Ashanti (AU)
- AngloGold Ashanti (AU) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 10/09/2024
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Three Kincora Partner Funded Drilling Programs Ramping Up
- Partner funded programs support ~11,000 metres drill testing up to thirteen large-scale copper-gold porphyry targets before year-end Drilling commenced at the Nyngan Project with earn-in partner AngloGold Ashanti Australia (AngloGold Ashanti) New district-scale potential with initially up to eight large intrusive complex targets to be drill-tested for the first time Includes one existing high priority target covered by a Fleet Space Technologies Pty Ltd's (Fleet Space) Ambient Noise Tomography (ANT) and gravity geophysical surveys with final interpretations pending 6 to 8 drill holes for 4000-5000 metres planned before year end Kincora is managing the program and will receive a 10% management fee First drilling program by Kincora in partnership with AngloGold Ashanti Neighboring explorer drilling recommenced at the Duck Creek target adjacent to the Nyngan Project by Inflection Resources (Inflection) (in partnership with AngloGold Ashanti) following encouraging results, including intense hydrothermal alteration and sulphide mineralisation ~1.4km from license boundary 1 Second phase drilling program commenced at the Cundumbul Project by Exploration Alliance partner Earth AI Pty Ltd (Earth AI) with step out diamond drilling 5 drill holes for up to 3000 metres testing three targets scheduled to be drilled and reported before year end Up to $4.5m to be spent by Earth AI and up to 3% royalty earnt upon new drilling discovery (qualifying intersection), with Kincora retaining 100% project ownership Drilling commenced at the Bronze Fox Project in Mongolia by Woomera Mining Limited (Woomera) testing the potential for a shallower higher-grade structural zone and resource expansion drilling coupled with a second mining license conversion Approximately 2250-3250 metres is planned before the winter year end break Includes a 900m deep hole stepping out testing the up dip and higher grade potential within an interpreted structural corridor to previous hole F62 which returned 929m @ 0.37% CuEq, including 318m @ 0.53% CuEq and 37m @ 1.01% CuEq 2 Kincora is Woomera's largest shareholder and retains attractive asset level exposure to the Bronze Fox Project via an earn-in and joint venture agreement Further value enhancing deals are proposed Review of new wholly owned Nevertire South Project confirms standout priority drill targets Discussions with potential technical and funding partners are progressing Melbourne, Australia--(Newsfile Corp. - October 8, 2024) - Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to provide an exploration update with partner funded drilling programs commencing across three of Kincora's portfolio of thirteen copper-gold projects and following a very favourable review of the newly secured Nevertire South Project. The ramping up of these programs marks an exciting transition point in the Company's strategy to create shareholder value through securing highly prospective projects in exploration and mining hotspots, executing deals with technical partners, securing partner funding to advance drilling and seeking to make globally significant discoveries.
- 10/08/2024
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Are Basic Materials Stocks Lagging AngloGold Ashanti PLC (AU) This Year?
- Here is how AngloGold Ashanti (AU) and Centamin (CELTF) have performed compared to their sector so far this year.
- 10/07/2024
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Best Momentum Stocks to Buy for October 1st
- AU, MASI, and SKM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 1, 2024.
- 10/01/2024
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New Strong Buy Stocks for October 1st
- CCRD, GLDD, LYTS, OPFI and AU have been added to the Zacks Rank #1 (Strong Buy) List on October 1, 2024.
- 10/01/2024
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Gold to Glitter More in a Falling Rate Environment: 5 Top Picks
- Gold price is expected to maintain its northbound journey in the near future primarily due to three positive factors. Five gold stock for investment are - AU, EGO, IAG, IDR and AGI.
- 09/26/2024
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New Strong Buy Stocks for September 25th
- SKM, OBT, AFRM, CNK and AU have been added to the Zacks Rank #1 (Strong Buy) List on September 25, 2024.
- 09/25/2024
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Best Income Stocks to Buy for September 25th
- SKM, AU and BXBLY made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 25, 2024.
- 09/25/2024
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What Makes AngloGold Ashanti (AU) a New Strong Buy Stock
- AngloGold Ashanti (AU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 09/23/2024
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Best Momentum Stocks to Buy for September 23rd
- AU, AHR and HWM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 23, 2024.
- 09/23/2024
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New Strong Buy Stocks for September 23rd
- OPRA, SBSI, AU, AHR and LYTS have been added to the Zacks Rank #1 (Strong Buy) List on September 23, 2024.
- 09/23/2024
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Is AngloGold Ashanti PLC (AU) Stock Outpacing Its Basic Materials Peers This Year?
- Here is how AngloGold Ashanti (AU) and Eldorado Gold Corporation (EGO) have performed compared to their sector so far this year.
- 09/19/2024
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AngloGold Ashanti to Buy Centamin to Boost Production Capacity
- AU inks deal to acquire Centamin. The deal is set to add a low-cost and large-scale gold-producing asset, Sukari, and boost free cash flow and production profile.
- 09/11/2024
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AngloGold & Regis JV Authorizes Havana Underground Project
- AU and its JV partner Regis to boost gold production at the Tropicana mine by approving the development of the Havana underground project.
- 09/10/2024
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This Gold-Mining Stock Is Dropping After The Company Announced a Big Deal
- Shares of AngloGold Ashanti Plc (AU) tumbled Tuesday after the gold miner announced a deal to buy smaller rival Centamin for $2.5 billion in cash and stock.
- 09/10/2024
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AngloGold Ashanti strikes $2.5 billion deal to buy Egyptian gold miner Centamin
- The South African mining giant said it had reached a deal to acquire Egypt's largest gold miner for $2.5 billion, in what marks a 36.7% premium on its closing share price on Monday
- 09/10/2024
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HAJI FARUK KIRUNDA: “Africa first” as AU Chair bid takes shape
- Last Tuesday, the President of the Republic of Uganda, H.E Gen. (Rtd) Yoweri Kaguta Museveni joined his Kenyan counterpart, H.E William Ruto, in Nairobi to endorse Mr. Raila Odinda, a former Kenyan Prime Minister for the Chairmanship of the African Union (AU). Also in attendance to endorse Mr. Odinga were East African Community (EAC) […] The post HAJI FARUK KIRUNDA: “Africa first” as AU Chair bid takes shape appeared first on Watchdog Uganda...
- 09/04/2024
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Are Basic Materials Stocks Lagging AngloGold Ashanti PLC (AU) This Year?
- Here is how AngloGold Ashanti (AU) and Barrick Gold (GOLD) have performed compared to their sector so far this year.
- 09/03/2024
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3 Stocks Increasing Dividend Payouts Ahead of Interest Rate Cuts
- Most investors focus on Wall Street analyst forecasts and economist opinions to determine what to do with their liquid capital. While this is a good place to start and consider when doing their own due diligence, other factors should be taken into consideration when connecting the dots and understanding where the economy might be headed next.
- 08/26/2024
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AngloGold Ashanti (AU) Hits 52-Week High: What's Aiding It?
- AngloGold Ashanti (AU) shares gain on the back of solid first-half 2024 results and the recent rally in gold prices.
- 08/21/2024
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Top 3 Materials Stocks That May Collapse In Q3
- As of Aug 19, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
- 08/19/2024
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Top 3 Dividend-Paying Stocks for Stability in Volatile Markets
- Investors digested the sudden spike in volatility last week, bringing stock market indexes lower across the global financial markets. What arguably started with Japan's interest rate hikes, which triggered an unwind in the so-called “Carry Trade,” has become top of mind for those looking to protect their portfolios.
- 08/14/2024
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Kincora and AngloGold Ashanti's First Drilling Program
- The first ever copper-gold focused drilling program at the northern portion of the Nyngan Project will shortly commence with earn-in partner AngloGold Ashanti Australia (AngloGold Ashanti). New district-scale potential with up to eight large intrusive complex targets to be drill-tested for the first time in this initial first phase program.
- 08/14/2024
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AngloGold Ashanti HY1 2024 Earnings Release for the Three Months and Six Months Ended 30 June 2024
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) reported improvements in gold production and total cash costs per ounce* for the first six months of the year compared with the first six months of last year, helped by a significant turnaround at its Brazil operations, which in turn drove significant year-on-year gains in cash flow and earnings. With further operating improvements expected in the second half of 2024, guidance fo.
- 08/06/2024
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AngloGold Ashanti (AU) Surpasses Market Returns: Some Facts Worth Knowing
- In the most recent trading session, AngloGold Ashanti (AU) closed at $27.14, indicating a +0.11% shift from the previous trading day.
- 07/29/2024
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AngloGold Ashanti (AU) Falls More Steeply Than Broader Market: What Investors Need to Know
- In the closing of the recent trading day, AngloGold Ashanti (AU) stood at $28.63, denoting a -1.07% change from the preceding trading day.
- 07/18/2024
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Why AngloGold Ashanti (AU) Outpaced the Stock Market Today
- The latest trading day saw AngloGold Ashanti (AU) settling at $28.72, representing a +1.27% change from its previous close.
- 07/10/2024
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Top 2 Materials Stocks You May Want To Dump This Month
- As of July 9, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
- 07/09/2024
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President Museveni,other African leaders discuss ongoing conflict in Sudan,explore avenues to end the catastrophe
- President Yoweri Kaguta Museveni has today chaired a virtual meeting of the African Union (AU) Peace and Security Council Heads of State and Government at State Lodge, Nakasero. President Museveni is the current Chairperson of the African Union Peace and Security Council for the month of June 2024. During the meeting, the leaders discussed the […] The post President Museveni,other African leaders discuss ongoing conflict in Sudan,explore avenues to end the catastrophe appeared first on Watchd...
- 06/21/2024
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AngloGold Ashanti (AU) Exceeds Market Returns: Some Facts to Consider
- In the latest trading session, AngloGold Ashanti (AU) closed at $22.85, marking a +0.79% move from the previous day.
- 06/18/2024
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Gold Likely to Shine on Demand-Supply Imbalance: 5 Top Picks
- We have narrowed our search to five gold stocks with strong potential for the rest of 2024. These stocks are: GOLD, AU, AEM, HMY, GFI.
- 06/11/2024
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AngloGold Ashanti (AU) Stock Declines While Market Improves: Some Information for Investors
- AngloGold Ashanti (AU) closed the most recent trading day at $24.19, moving -1.95% from the previous trading session.
- 05/31/2024
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Result of Annual General Meeting 2024
- DENVER--(BUSINESS WIRE)--AngloGold Ashanti releases results of AGM.
- 05/29/2024
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Former AngloGold Ashanti CEO: South Africa faces a 'different kind of political division'
- Bobby Godsell, former non-executive chairman of Eskom and former CEO of AngloGold Ashanti, joins CNBC "Street Signs" as South Africa heads to the polls.
- 05/22/2024
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AngloGold Ashanti (AU) Suffers a Larger Drop Than the General Market: Key Insights
- In the most recent trading session, AngloGold Ashanti (AU) closed at $24.28, indicating a -0.41% shift from the previous trading day.
- 05/13/2024
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AngloGold Ashanti (AU) Stock Dips While Market Gains: Key Facts
- In the closing of the recent trading day, AngloGold Ashanti (AU) stood at $23.57, denoting a -1.13% change from the preceding trading day.
- 05/07/2024
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Avanti Gold Corp. Appoints Former President of Anglogold Ashanti, Sir Samuel Jonah, as Director and Chairman of the Board
- Vancouver, British Columbia--(Newsfile Corp. - May 3, 2024) - AVANTI GOLD CORP. (CSE: AGC) (FSE: X37) (the "Company") is pleased to announce it has appointed the esteemed Sir Samuel Jonah as a Director and Chairman of the Board of the Company.
- 05/03/2024
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AngloGold Ashanti Announces March 2024 Quarter Production Update Conference Call
- DENVER--(BUSINESS WIRE)--AngloGold Ashanti Announces March 2023 Quarter Production Update Conference Call.
- 05/03/2024
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4 Gold Stocks to Buy to Capitalize on Solid Price Trends
- The Zacks Mining - Gold industry's near-term prospects are bright, as gold prices are expected to gain. One can watch stocks like AEM, GFI, AU and HMY, backed by their growth prospects.
- 04/29/2024
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AngloGold Ashanti Files Its 2023 Annual Report on Form 20-F and Amended Half-Year 2023 Form 6-K With the SEC
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti Files Its 2023 Annual Report on Form 20-F and Amended Half-Year 2023 Form 6-K With the SEC.
- 04/25/2024
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President Museveni receives AU delegation on assessment mission in Uganda
- President Yoweri Kaguta Museveni has this evening received a delegation from the African Union (AU) that is in the country to evaluate Uganda’s bid to host the African Union Humanitarian Agency. Uganda submitted its bid under the auspices of the African Union which was accepted and is now being evaluated by the team that paid […] The post President Museveni receives AU delegation on assessment mission in Uganda appeared first on Watchdog Uganda...
- 04/23/2024
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Is AngloGold Ashanti PLC (AU) Outperforming Other Basic Materials Stocks This Year?
- Here is how AngloGold Ashanti (AU) and Agnico Eagle Mines (AEM) have performed compared to their sector so far this year.
- 04/23/2024
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AngloGold Ashanti (AU) Upgraded to Strong Buy: Here's Why
- AngloGold Ashanti (AU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 04/22/2024
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Sell These 3 Rate-Sensitive Stocks Before the Fed Strikes Again
- The consumer price index accelerated at a faster pace than expected in March. This has dashed hopes of a rate cut anytime soon.
- 04/17/2024
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AngloGold Ashanti: Notice of 2024 Annual General Meeting
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--Today, AngloGold Ashanti plc (“the Company”, “AGA” or “AngloGold Ashanti”) posted its Notice of 2024 Annual General Meeting (the “Notice”), which can be viewed and downloaded from www.reports.anglogoldashanti.com. The Company's 2024 Annual General Meeting (the “AGM”) is scheduled to be held on Tuesday 28 May 2024 at 9:00 a.m. Mountain Standard Time (which is 4:00 p.m. British Summer Time and 5:00 p.m. South African Standard Time) at 6363 S Fiddle.
- 04/15/2024
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AngloGold Ashanti Publishes Its 2023 UK Annual and Other Reports
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) announces that it has today, Wednesday, 10 April 2024, published the following reports for the financial year ended 31 December 2023: AGA's UK Annual Report 2023 (including its financial statements as of and for the financial year ended 31 December 2023); AGA's Sustainability Report 2023; and AGA's Mineral Resource and Mineral Reserve Report 2023. These reports communicate releva.
- 04/10/2024
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AngloGold Ashanti Releases Preliminary Unaudited Condensed Consolidated Financial Statements as of and for the Six Months and the Year Ended 31 December 2023
- LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti releases preliminary unaudited condensed consolidated financial statements as of and for the six months and year ended 31 Dec 2023.
- 03/19/2024
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Why AngloGold Ashanti, Iamgold, and New Gold Are Soaring This Week
- The price of gold hit a record high this week. AngloGold Ashanti is one of the largest gold producers based on market cap.
- 03/08/2024
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AngloGold Ashanti Chairman Maria Ramos to Retire; Director Jochen Tilk Appointed Chairman
- DENVER--(BUSINESS WIRE)--AngloGold Ashanti plc announces that Ms. Maria Ramos, independent non-executive director and chairman of the Board of Directors, has elected not to stand for re-election at the upcoming annual general meeting of shareholders on 28 May 2024. The Board of Directors has voted unanimously to appoint Mr. Jochen Tilk as Chairman of the Board of Directors with effect from 28 May 2024, subject to his re-election at the AGM. Ms. Ramos served as director of AngloGold Ashanti sinc.
- 03/08/2024
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African Union’s Security Council backs regional troop deployment to Congo
- The African Union (AU) has endorsed the deployment of an offensive force from the Southern African Development Community (SADC) to the restive eastern Democratic Republic of Congo (DRC). This decision comes amidst ongoing clashes between the Congolese army and the M23 rebel group. The AU’s Peace and Security Council made the announcement on Tuesday after […] The post African Union’s Security Council backs regional troop deployment to Congo appeared first on Watchdog Uganda...
- 03/07/2024
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7 Cheap Dividend Stocks to Roll the Dice With
- If passive income is the equivalent of sushi, then cheap dividend stocks – if you're not careful – is the equivalent of sushi bought at a gas station. Here's what I mean.
- 02/29/2024
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AngloGold Ashanti plc (AU) Q4 2023 Earnings Call Transcript
- AngloGold Ashanti plc (AU) Q4 2023 Earnings Call Transcript
- 02/23/2024
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Are Investors Undervaluing AngloGold Ashanti PLC (AU) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/22/2024
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AU or RGLD: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Mining - Gold sector might want to consider either AngloGold Ashanti (AU) or Royal Gold (RGLD). But which of these two stocks presents investors with the better value opportunity right now?
- 02/19/2024
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AngloGold Ashanti Announces H2 2023 and FY2023 Results Conference Call
- DENVER--(BUSINESS WIRE)--AngloGold Ashanti plc (“AGA”) will release its results for the year ended 31 December 2023 on Friday, 23 February 2024. We invite you to participate in our market call via webcast or conference call. Market Call 23 February 2024 08:30 ET / 13:30 UK / 15:30 CAT Conference call pre-registration: https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=5305081&linkSecurityString=f727d980a Webcast link: https://www.corpcam.com/AngloGold/AGA.
- 02/13/2024
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AngloGold Ashanti (AU) to Boost Portfolio by Investing in G2
- AngloGold Ashanti (AU) to subscribe to G2 shares as part of its growth initiatives.
- 12/20/2023
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AngloGold Ashanti (AU) Q3 Gold Production Rises Sequentially
- AngloGold Ashanti (AU) reaffirms its 2023 gold production guidance.
- 11/14/2023
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AngloGold Ashanti: Good Growth Prospect
- Revenue for H1 2023 was $2,186 million with an adjusted EBITA of $678 million. Net income was $40 million, or $0.10 per diluted share. AngloGold Ashanti sold 1,246K Au Oz in H1 2023 and produced 1,236K Au Oz. Production was up 0.2% from H1 2022. I recommend buying AU between $18.5 and $19.5, with potential lower support at $17.4.
- 10/22/2023
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AngloGold Ashanti moves its primary listing to the NYSE, commences trading
- (Kitco News) - Major gold producer AngloGold Ashanti (NYSE: AU) (JSE: ANG) today announced the completion of its corporate restructuring, with a primary listing of its shares on the New York Stock Exchange (NYSE) and a corporate domicile in the UK.
- 09/25/2023
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B2Gold acquires AngloGold Ashanti's 50% stake in Gramalote for up to $60M
- (Kitco News) - B2Gold (TSX: BTO) (NYSE: BTG) announced Monday that it has entered into a purchase agreement with AngloGold Ashanti to acquire AngloGold's 50% stake in the Gramalote gold project, located in Colombia, for up to $60 million.
- 09/18/2023
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AngloGold Ashanti places CDS mine in Brazil on care and maintenance after 'sustained' losses
- (Kitco News) - The company said the Córrego do Sítio mine in Brazil has been placed on care and maintenance after “sustained” operating losses.
- 08/25/2023
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AngloGold Ashanti: Cheap For A Reason, Or Worth A Buy?
- AngloGold Ashanti Limited stock has declined by 11.50% year-to-date, lagging behind other gold mining competitors. The company's profits have declined due to a rise in cash costs and additional expenses related to new legislation and a corporate transition. Despite potential positive developments in Nevada projects, the company's valuation and high costs make it less compelling as a buy.
- 08/17/2023
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The 3 Most Undervalued Gold Stocks to Buy Now: August 2023
- Gold is often used as a defensive asset by investors who seek to protect their wealth from market volatility, inflation or currency devaluation. In 2023, gold stocks have become especially attractive as the global economy faces a slowdown due to the United States Federal Reserve's interest rate hikes.
- 08/16/2023
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New Strong Sell Stocks for August 15th
- AU, BWB and CWST have been added to the Zacks Rank #5 (Strong Sell) List on August 15, 2023.
- 08/15/2023
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Top 2 Materials Stocks Which Could Blast Off In August - Ryerson Holding (NYSE:RYI), Anglogold Ashanti (NYSE:AU)
- The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
- 08/09/2023
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AngloGold Ashanti's half-year basic earnings fell 87% due to impairments and derecognitions in Brazil portfolio
- (Kitco News) - AngloGold Ashanti (NYSE: AU), one of the world's largest gold producers, announced Friday that its gold production in H1 2023 amounted to 1.236Moz, marginally higher compared to 1.233Moz in H1 2022.
- 08/04/2023
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New Strong Sell Stocks for July 18th
- AMTX, AU and BP have been added to the Zacks Rank #5 (Strong Sell) List on July 18, 2023.
- 07/18/2023
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New Strong Sell Stocks for July 10th
- AU, CBFV and DLTR have been added to the Zacks Rank #5 (Strong Sell) List on July 10, 2023.
- 07/10/2023
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Top 5 Materials Stocks That Are Preparing To Pump In July - Anglogold Ashanti (NYSE:AU), Golden Minerals (AMEX:AUMN)
- The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
- 07/10/2023
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New Strong Sell Stocks for June 30th
- AU, AVBH and NMRK have been added to the Zacks Rank #5 (Strong Sell) List on June 30, 2023.
- 06/30/2023
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AngloGold Ashanti announces renewable energy project at Tropicana to halve gas consumption
- (Kitco News) - AngloGold Ashanti last year announced a plan to cut Scope 1 and 2 greenhouse gas emissions by 30% by 2030 through a combination of renewable energy projects and initiatives which improve efficiency or use lower-emission power sources.
- 06/26/2023
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AngloGold Ashanti's profit down in March quarter on lower gold sales and higher costs
- (Kitco News) - AngloGold Ashanti, one of the world's largest gold producers, reported on Friday that its gold production in the March quarter of 2023 was 584,000 ounces, slightly lower than the 588,000 ounces produced in the March quarter of 2022.
- 06/26/2023
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Inflection, AngloGold Ashanti ink exploration agreement across portfolio of copper-gold projects in Australia
- (Kitco News) - Inflection Resources (CSE: AUCU) announced today that it has signed a definitive farm-in agreement with major gold producer AngloGold Ashanti that outlines the terms under which AngloGold may earn into a number of Inflection's copper-gold projects in New South Wales, Australia.
- 06/14/2023
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Miner's Drilldown: Weekly technical analysis of the top 10 gold and mining stocks - edition of June 2, 2023
- (Kitco News) - Forty years ago I broke into this industry as a markets reporter on the trading floor of the Chicago Mercantile Exchange. As a cub reporter, one of the first things I learned from the professional traders on the floor was the value of technical analysis of the price charts.
- 06/02/2023
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4 Gold Stocks to Watch in a Promising Industry
- With gold prices gaining so far this year and demand expected to be strong, the near-term outlook of the Zacks Mining - Gold industry looks promising. One can watch stocks like FNV, GFI, AU and AGI, backed by their growth prospects.
- 06/02/2023
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Best Income Stocks to Buy for June 2nd
- APAM, AU and GFI made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 2, 2023.
- 06/02/2023
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New Strong Buy Stocks for June 2nd
- DHC, AU, CPG, APAM and MUSA have been added to the Zacks Rank #1 (Strong Buy) List on June 2, 2023.
- 06/02/2023
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Are Basic Materials Stocks Lagging AngloGold Ashanti (AU) This Year?
- Here is how AngloGold (AU) and Franco-Nevada (FNV) have performed compared to their sector so far this year.
- 05/30/2023
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Anglogold Ashanti makes NYSE its primary listing
- (Kitco News) - AngloGold Ashanti (NYSE:AU) announced today it is delisting from the Australian Stock Exchange.
- 05/12/2023
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AngloGold Ashanti opts for New York over London for new listing
- AngloGold Ashanti (ASX:AGG) has announced it is moving its primary stock market listing from Johannesburg to New York and setting up its main domicile in the UK. Its exit from South Africa completes a process that saw it offload its last mine in the country in 2020 to focus on operations in other parts of Africa, Australia, and the Americas.
- 05/12/2023
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Are You Looking for a Top Momentum Pick? Why AngloGold (AU) is a Great Choice
- Does AngloGold (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/01/2023
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Is AngloGold Ashanti (AU) Stock Outpacing Its Basic Materials Peers This Year?
- Here is how AngloGold (AU) and Pan American Silver (PAAS) have performed compared to their sector so far this year.
- 04/26/2023
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Best Momentum Stock to Buy for April 25th
- LPG, DHI and AU made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 25, 2023.
- 04/25/2023
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New Strong Buy Stocks for April 25th
- AU, RYI, VRTV, HDELY and GTX have been added to the Zacks Rank #1 (Strong Buy) List on April 25, 2022.
- 04/25/2023
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AU or FNV: Which Is the Better Value Stock Right Now?
- Investors interested in Mining - Gold stocks are likely familiar with AngloGold (AU) and Franco-Nevada (FNV). But which of these two stocks offers value investors a better bang for their buck right now?
- 04/14/2023
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AngloGold (AU) is a Great Momentum Stock: Should You Buy?
- Does AngloGold (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/10/2023
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Is AngloGold Ashanti (AU) Outperforming Other Basic Materials Stocks This Year?
- Here is how AngloGold (AU) and Olympic Steel (ZEUS) have performed compared to their sector so far this year.
- 04/10/2023
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These Gold Stocks Soar Higher: Outperform Apple, Google And Microsoft
- Gold and gold stocks are blasting higher indicating a belief among those buying that perhaps inflation is more of a lasting concern than the Fed's ability to tame it.
- 04/08/2023
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Recent Price Trend in AngloGold (AU) is Your Friend, Here's Why
- AngloGold (AU) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 04/07/2023
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Analysts Expect Big Earnings Growth From These 3 Stocks
- Sure, there are exceptions (looking at you, meme stocks), but in general, earnings growth, or at least its potential, is a key driver sending stocks higher. Axon Enterprise Inc. (NASDAQ: AXON), Gold Fields Ltd.
- 04/05/2023
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Why Are Gold Stocks NEM, GOLD, AU, GLD Up Today?
- The search for hedges in today's market is picking up. Investors are looking at a range of options as ways of managing through what's been a volatile market.
- 04/04/2023
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Gold majors Gold Fields and AngloGold Ashanti propose Ghana JV to create Africa's largest gold mine
- (Kitco News) - Gold Fields and AngloGold Ashanti announced today that they have agreed the key terms of a proposed joint venture in Ghana between Gold Fields' Tarkwa and AngloGold Ashanti's neighboring Iduapriem mines.
- 03/16/2023
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4 Gold Stocks to Watch Amid Industry Challenges
- Despite volatile gold prices weighing on the near-term outlook of the Zacks Mining - Gold industry, one can watch stocks like GOLD, RGLD, AU and AUY backed by their growth prospects.
- 03/13/2023
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Precious Metals Royalty And Streaming Companies: The February Report
- The Precious Metals R&S Index declined by 10.37% in February. The Precious Metals R&S Equally Weighted Index declined by 5.63%.
- 03/09/2023
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AngloGold Ashanti's gold production up 11% in 2022; profit down 52% on non-cash impairments
- (Kitco News) - AngloGold Ashanti (NYSE: AU), one of the largest gold producers globally, today reported gold production of 2.742Moz in the full year 2022, which is an 11% improvement versus gold production of 2.472Moz in 2021, ending 2022 at the top half of guidance.
- 02/22/2023
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Top 5 Materials Stocks Which Could Rescue Your Portfolio This Month - Anglogold Ashanti (NYSE:AU), Gold Fields (NYSE:GFI)
- The most oversold stocks in the basic materials sector presents an opportunity to buy into undervalued companies.
- 02/16/2023
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AngloGold Ashanti achieves gold production guidance in 2022, expects lower earnings on impairments
- (Kitco News) - AngloGold Ashanti (NYSE: AU), one of the largest gold producers globally, today reported that the company achieved guidance for production, capital expenditure and all-in sustaining costs in 2022.
- 02/15/2023
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Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
- If one corner of the market suddenly looks all shiny, you may be seeing the glitter of gold stocks such as Wheaton Precious Metals Corp. (NYSE: WPM), AngloGold Ashanti Limited (NYSE: AU), Yamana Gold Inc. (NYSE: AUY), Alamos Gold Inc. (NYSE: AGI) and Iamgold Corp. (NYSE: IAG).
- 01/31/2023
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New Strong Buy Stocks for January 30th
- SUZ, AU, CPA, FSBW and URI have been added to the Zacks Rank #1 (Strong Buy) List on January 30, 2023.
- 01/30/2023
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Best Momentum Stocks to Buy for January 23rd
- ETON, KMTUY and AU made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 23, 2023.
- 01/23/2023
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New Strong Buy Stocks for January 23rd
- GFI, AU, ETON, KMTUY and STLA have been added to the Zacks Rank #1 (Strong Buy) List on January 23, 2023.
- 01/23/2023
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Best Income Stocks to Buy for January 23rd
- SKM, GFI and AU made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 23, 2022.
- 01/23/2023
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What Makes AngloGold (AU) a Strong Momentum Stock: Buy Now?
- Does AngloGold (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/19/2023
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AU vs. RGLD: Which Stock Is the Better Value Option?
- AU vs. RGLD: Which Stock Is the Better Value Option?
- 01/19/2023
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2 Gold Miners to Consider as the Dow to Gold Ratio Aligns
- The famous Dow to gold ratio is trending above 15, suggesting investors might want to look towards gold and precious metals miners in the coming quarters. The Dow to gold ratio measures the units of gold required to buy the Dow Jones Index, and historically, investors have tended to opt for gold whenever the ratio tops 15.
- 01/12/2023
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4 Gold Stocks to Buy as the Precious Metal Trends Higher
- I would look at some of the best gold stocks to buy if I had to make a call on some attractive investment themes for 2023. The U.S. dollar index peaked at 114.78 in September 2022.
- 01/12/2023
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These Are The Top 10 Holdings Of John Paulson
- John Paulson is the founder, president and portfolio manager at Paulson & Co.
- 01/03/2023
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New Strong Buy Stocks for December 19th
- ARGO, GFI, AU, CAAS and LADR have been added to the Zacks Rank #1 (Strong Buy) List on December 19, 2022.
- 12/19/2022
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Best Income Stocks to Buy for December 19th
- ARGO, GFI and AU made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 19, 2022.
- 12/19/2022
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4 Gold Stocks to Watch in a Promising Industry
- The Zacks Mining - Gold industry's near-term prospects are bright as gold prices are expected to gain. One can watch stocks like FNV, AEM, AU and GAU, backed by their growth prospects.
- 12/16/2022
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AU vs. FNV: Which Stock Should Value Investors Buy Now?
- AU vs. FNV: Which Stock Is the Better Value Option?
- 12/14/2022
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Best Value Stocks to Buy for December 14th
- BCBP, SANM and AU made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 14, 2022.
- 12/14/2022
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New Strong Buy Stocks for December 14th
- SANM, AU, BCBP, WPP and LKFN have been added to the Zacks Rank #1 (Strong Buy) List on December 14, 2022.
- 12/14/2022
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Give The Gift Of Gold Stocks In 2022
- With the Fed expected to hike rates again this week, the parabolic USD has reversed as gold stocks are in season and once again hot commodities. Increasing costs associated with mining operations have posed headwinds for gold. But I have three shiny gold stocks that offer safe-haven qualities and an inflation hedge for your portfolio.
- 12/13/2022
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AngloGold Ashanti Could Put A Shine On Your Portfolio
- AngloGold Ashanti has gained more than 38% in the last 5 years compared to more than 44% for the Russell 1000. This underperformance reflects solid but unremarkable financial results over that period.
- 11/04/2022
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AngloGold Ashanti posts $169 million in quarterly free cash flow as its gold production up 20% in Q3
- (Kitco News) - AngloGold Ashanti (NYSE: AU), one of the largest gold producers globally, today reported strong year-on-year improvements in production, all-in sustaining costs and cash flow for the third quarter of 2022.
- 11/03/2022
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AngloGold Ashanti: Inflationary Pressures Are A Tough Challenge
- The revenues for 6/2022 were $2.155 billion. Net income was $298 million or $0.71 per diluted share. 2022 gold production is expected to be 2.55 M oz to 2.80 M oz, and AISC is seen between $1,295 and $1,425 per ounce ($1,360 midpoint).
- 10/17/2022
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Coeur Mining (CDE) Stock Gains on Deal With AngloGold Ashanti
- Today, Coeur Mining (NYSE: CDE ) is one of the big winners in an otherwise down market. At the time of writing, CDE stock soared 12% as investors price in an announced $200 million asset sale for the company's Nevada gold projects.
- 09/19/2022
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Coeur to sell its Nevada properties to AngloGold Ashanti for $150 million in cash
- (Kitco News) - Coeur Mining (NYSE: CDE) today announced that it has entered into a definitive agreement with a subsidiary of AngloGold Ashanti (NYSE: AU) to sell its Crown and Sterling holdings for closing cash consideration of $150 million and deferred cash consideration of $50 million to be paid upon Crown Sterling attaining a total resource of at least 3.5 million gold ounces.
- 09/19/2022
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Higher costs, inflation choke AngloGold's first-half profit
- AngloGold Ashanti's first-half earnings slumped 18% even as production increased, as inflation took a toll on its profit with the gold miner warning on Friday that costs were scaling towards the top end of its annual forecast range.
- 08/05/2022
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New Strong Sell Stocks for July 25th
- AU, AIR, and AIQUY have been added to the Zacks Rank #5 (Strong Sell) List on July 25, 2022.
- 07/25/2022
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New Strong Sell Stocks for July 19th
- AU, ATEYY, and AMG have been added to the Zacks Rank #5 (Strong Sell) List on July 19, 2022.
- 07/19/2022
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6 Best Precious Metals Stocks to Buy Now
- These are the 6 best precious metals stocks to buy now. They are cheap on a P/E basis and most pay dividends with high dividend yields, making them worth holding for the long term.
- 07/12/2022
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4 Gold Stocks to Buy for Stubbornly High Inflation
- High inflation and the possibility of a recession in 2023 underpin the case for gold stocks to buy. High geo-political tensions also add to the positive catalyst for gold upside.
- 06/14/2022
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7 Best Gold Stocks to Buy for Fighting Inflation
- With inflation rearing its ugly head this year and with no letup in sight, the best gold stocks to buy could seriously shine. The post 7 Best Gold Stocks to Buy for Fighting Inflation appeared first on InvestorPlace.
- 06/09/2022
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The Top 5 Gold Stocks to Buy Now
- Here are undervalued gold stocks to buy that can out-perform the markets on concerns of inflation, recession and geopolitical tensions. The post The Top 5 Gold Stocks to Buy Now appeared first on InvestorPlace.
- 05/13/2022
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AngloGold Ashanti posts $268 million in quarterly free cash flow as its gold production remains flat in Q1
- (Kitco News) - AngloGold Ashanti (NYSE: AU), one of the largest gold producers globally, reported today that its gold production for the first quarter of 2022 was 588,000oz, unchanged from the first quarter of 2021.
- 05/09/2022
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AngloGold Ashanti: A Better Outlook For 2022
- The revenues for H2 2021 were $2.064 billion, down 16.2% from a year ago. Net income was $260 million in H2 2021 compared to $550 million in H2 2020.
- 04/06/2022
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AngloGold Ashanti reports maiden 3.4Moz of gold and 14.2Moz of silver at its Silicon project in Nevada
- (Kitco News) - AngloGold Ashanti (NYSE: AU), one of the largest gold producers globally, today announced a maiden mineral resource at the Silicon project in Nevada and advancement of the project to pre-feasibility.
- 03/31/2022
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10 Gold Stocks Making Moves on Russian Invasion of Ukraine
- Russia produced about 330 metric tons (tonnes) of gold in 2020 according to the World Gold Council, second only to China's production of 368 tonnes.
- 02/24/2022
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AngloGold Ashanti reports production, earnings decline in a 'challenging' 2021 year
- (Kitco News) - AngloGold Ashanti (NYSE: AU) today reported that its gold production in 2021 was 2.472 million ounces, which is 19% lower compared to 3.047 million ounces (including 241 thousand ounces from its previously owned South African operations) produced in 2020.
- 02/22/2022
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AngloGold Ashanti's (AU) CEO Alberto Calderon on Full Year 2021 Results - Earnings Call Transcript
- AngloGold Ashanti's (AU) CEO Alberto Calderon on Full Year 2021 Results - Earnings Call Transcript
- 02/22/2022
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AngloGold Ashanti says its gold production, earnings dropped significantly in 2021
- (Kitco News) - AngloGold Ashanti (NYSE: AU), one of the largest gold producers globally, today reported that its gold production in 2021 is expected to be 2.472Moz, which is 19% lower compared to 3.047Moz (which included 241koz from its previously owned South African operations) produced in 2020.
- 02/01/2022
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Pure Gold Mining inks deals for brokered private placement and concurrent offering with AngloGold Ashanti
- Pure Gold Mining Inc said it has entered into an agreement with National Bank Financial Inc, as lead underwriter on behalf of a syndicate including Clarus Securities Inc and with Tamesis Partners LLP acting as special selling agent in the UK and Europe, under which the underwriters have agreed to purchase, on a bought deal private placement basis, 16,989,000 common shares of the company at a price of C$0.53 per share for gross proceeds of C$9,004,170. The company said it has also granted the underwriters an option to purchase up to an additional 9,434,000 common shares under the offering for additional gross proceeds to the company of up to C$5,000,020.
- 01/27/2022
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5 Gold Stocks Worth a Look From a Prospering Industry
- The Zacks Mining - Gold industry's near-term prospects remain bright as gold prices are expected to gain. One can watch for stocks like GOLD, GFI, AU, RGLD and AUY backed by their growth prospects.
- 01/20/2022
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Why Alamos Gold, Gold Fields, Endeavour Silver, AngloGold Ashanti, and More Precious Metals Stocks Rallied Today
- Shares of gold and silver miners took off today as market uncertainty has investors looking for safe-haven investments.
- 01/19/2022
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New Strong Buy Stocks for January 19th
- AU, BP, EQNR, LEN, and LUMN have been added to the Zacks Rank #1 (Strong Buy) List on January 19, 2022.
- 01/19/2022
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Corvus Gold sharholders approve acquisition by Anglogold Ashanti
- (Kitco News) - The $370 million acquisition was announced in July
- 01/06/2022
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4 Best Gold Stocks to Buy to Protect Against Inflation
- With gold under-performing in the last few months, even the best gold stocks have been sideways to lower. However, the sentiment for gold seems to be changing.
- 11/22/2021
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AngloGold Ashanti Limited (AU) CEO Alberto Calderon on Q3 2021 Results - Earnings Call Transcript
- AngloGold Ashanti Limited (AU) CEO Alberto Calderon on Q3 2021 Results - Earnings Call Transcript
- 11/08/2021
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Major gold miner AngloGold Ashanti posts 17% gold production drop in Q3, focuses on cutting costs
- (Kitco News) - Newly appointed CEO Alberto Calderon has prioritized reductions in all costs, improvements in operating and capital efficiencies.
- 11/08/2021
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ASA: A Unique Weapon Against Inflation But Not Right For Everyone
- ASA: A Unique Weapon Against Inflation But Not Right For Everyone
- 10/18/2021
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Pure Gold Mining agrees to issue 3,307,619 units on a non-brokered basis to Anglogold Ashanti for gross proceeds of approximately C$3.473M
- Pure Gold Mining Inc. said it has agreed to issue 3,307,619 units of the company at a price of C$1.05 per unit for gross proceeds of approximately C$3,473,000 on a non-brokered basis to Anglogold Ashanti Limited. Each unit is comprised of one common share and one-half common share purchase warrant.
- 10/06/2021
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Pure Gold Mining agrees to issue 3,307,619 units of the company on a non-brokered basis to Anglogold Ashanti for gross proceeds of approximately C$3.473M
- Pure Gold Mining Inc. said it has agreed to issue 3,307,619 units of the company at a price of C$1.05 per unit for gross proceeds of approximately C$3,473,000 on a non-brokered basis to Anglogold Ashanti Limited. Each unit is comprised of one common share and one-half common share purchase warrant.
- 10/06/2021
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4 Low Price-Earnings Stocks Paying Nice Dividends
- The questions “does it have a low price-earnings ratio” and “is it paying a dividend” are the beginnings of identifying value stocks per Benjamin Graham. In his classic works, "Security Analysis" and "The Intelligent Investor," the Columbia University business professor who taught Warren Buffett (Trades, Portfolio) long ago, insisted on a number of factors to find value.
- 09/23/2021
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AngloGold (AU) to Acquire Corvus, Boost Presence in Nevada
- AngloGold Ashanti (AU) enters into an agreement to take full ownership of Corvus Gold that will consolidate assets in the Beatty District, one of the largest new gold districts in Nevada.
- 09/15/2021
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CORVUS GOLD INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Corvus Gold Inc. - KOR
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Corvus Gold Inc. (NasdaqCM: KOR) to AngloGold Ashanti Limited (NYSE: AU). Under the terms of the proposed transaction, shareholders of Corvus will receive only C$4.10 in cash for each share of Corvus that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequa
- 09/14/2021
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AngloGold Ashanti to acquire remaining Corvus Gold for $370 million
- (Kitco News) - “The proposed all-cash offer provides a compelling opportunity for Corvus shareholders to realize significant value and eliminates exposure to future capital requirements to fund construction of Corvus' projects."
- 09/13/2021
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7 Gold Stocks to Consider for the Rising Fear Trade
- With consumers getting worried about widespread coronavirus infections, it might be time to consider these gold stocks. The post 7 Gold Stocks to Consider for the Rising Fear Trade appeared first on InvestorPlace.
- 09/09/2021
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AngloGold Ashanti says its gold mine in Guinea is ‘operating normally'
- (Kitco News) - The Siguiri gold mine in Guinea is currently operating normally and has not been affected by the coup.
- 09/06/2021
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John Paulson Digs Deeper Into Perpetua Resources
- John Paulson (Trades, Portfolio), head of investment firm Paulson & Co., disclosed last week he upped his stake in Perpetua Resources Corp. ( PPTA , Financial) by 4.59%.
- 08/31/2021
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Newmont: Still Best In Class
- Newmont: Still Best In Class
- 08/30/2021
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AngloGold Ashanti: The Most Undervalued Gold Miner Today
- Gold has stagnated for over a year as real yields have been hovering around all-time-lows. Precious metal mining stocks such as AngloGold have lost significant value over the past year as investor appetite in the sector has waned.
- 08/29/2021
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Why This Mid-Cap Gold Stock Is Tanking (It's Not Gold Prices)
- Production disruption at an important mine has forced AngloGold Ashanti to downgrade its full-year guidance.
- 08/06/2021
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AngloGold Ashanti reports production, earnings decline in H1 2021 as transitional period continues
- (Kitco News) - AngloGold Ashanti's headline earnings were $363m, or 87 US cents per share, in the first six months of 2021, compared to $404m, or 97 US cents per share, in the first half of 2020.
- 08/06/2021
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Rose 96 Stock Portfolio Review: Value Up 16% YTD And Dividend Yield 4.16%
- Rose 96 Stock Portfolio Review: Value Up 16% YTD And Dividend Yield 4.16%
- 08/05/2021
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InterGroup Secures £50 Million Share Subscription Facility from GEM as Company Seeks Public Listing
- LONDON--(BUSINESS WIRE)--InterGroup Mining Limited is pleased to announce an agreement with GEM Global Yield LLC SCS, the Luxembourg-based private alternative investment group
- 08/04/2021
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A Trio of Stocks With High Forward Rates of Return
- Donald Yacktman, a well-known value investor and founder of the AMG Yacktman Fund (Trades, Portfolio), takes the "forward rate of return" into consideration when assessing the attractiveness of a stock. He calculates this valuation ratio as "normalized free cash flow yield plus real growth plus inflation.
- 07/25/2021
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AngloGold Ashanti awards $345M mining contract at Iduapriem to Perenti
- (Kitco News) - Perenti (ASX:PRN), a diversified global mining services group headquartered in Australia, announced today that its joint venture AMAX has been awarded a new AU$470 million (~$345 million) five-year contract at AngloGold Ashanti's Iduapriem gold mine in the Western Region of Ghana.
- 07/19/2021
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AngloGold Ashanti proposes to acquire Corvus Gold for $370 million
- (Kitco News) - AngloGold Ashanti, one of the world's largest gold mining companies, announced Tuesday that it has submitted a non-binding proposal to acquire for cash all of the issued and outstanding common shares of Corvus Gold which the company does not already beneficially own, for US$370 million.
- 07/13/2021
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Lithium Americas snags former AngloGold Ashanti CEO for board role
- (Kitco News) - The former CEO of AngloGold Ashanti, Kelvin Dushnisky, is joining Lithium Americas.
- 06/14/2021
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Buy AngloGold Ashanti ahead of Fed taper
- Shares of AngloGold Ashanti Limited (NYSE:AU) have pulled back to trade at around $23.80 after an extended period of gains. The stock now appears to have found support around this level, which could trigger the next rebound.
- 06/01/2021
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Rescue teams recover body from AngloGold mine
- (Kitco News) - AngloGold Ashanti said Monday that it recovered the body of a missing miner at its Obusai Mine.
- 05/31/2021
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AngloGold Ashanti ups earnings, production slides in first quarter
- (Kitco News) - AngloGold Ashanti, one of the largest gold producers globally, reported today that its production for the first quarter of 2021 was 588,000oz at a total cash cost of $999/oz, compared with 630,000oz at a total cash cost of $773/oz from continuing operations in the same period in 2020.
- 05/10/2021
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Top shareholder AngloGold Ashanti provides Corvus Gold with $20M funding for Bullfrog
- (Kitco News) - Corvus Gold (TSX:KOR) said today that AngloGold Ashanti North America committed $20 million loan to fund the ongoing permitting and pre-development work at the Corvus's North Bullfrog project as well as ongoing exploration at its Mother Lode and Lynnda Strip projects.
- 05/06/2021
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AngloGold Ashanti waives pre-emptive right over Tropicana; welcomes Regis as partner
- (Kitco News) - The company waives its pre-emptive right over the 30% stake in the Tropicana gold mine.
- 04/21/2021
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How to Play it, when the US Economy Surges First
- How to Play it, when the US Economy Surges First
- 03/25/2021
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A Trio of Stocks Trading Below Intrinsic Value
- Investors who are in search of value opportunities may be interested in the following stocks since their prices are trading at a discount to the intrinsic value calculated by GuruFocus' earnings-based discounted cash flow calculator.
- 03/22/2021
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AngloGold Ashanti Limited (AU) CEO Christine Ramon on Q4 2020 Results - Earnings Call Transcript
- AngloGold Ashanti Limited (AU) CEO Christine Ramon on Q4 2020 Results - Earnings Call Transcript
- 02/22/2021
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Big Investment Firm Bought Up Gold Stocks and Microsoft. Here's What It Sold.
- LGT Capital Partners, owned by the Princely House of Liechtenstein, bought Newmont Mining, AngloGold, and Microsoft stock in the fourth quarter. It cut back on a SolarWinds investment.
- 01/23/2021
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Here's Where the New Year's Stock Market Celebration Was on Monday
- Markets fell, but these stocks saw big gains.
- 01/04/2021
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These Gold Stocks Could Be Undervalued
- The price of gold has pulled back over the last few months. Investors also appear to be becoming more optimistic about stocks amid positive developments in a couple of potential Covid-19 vaccines.
- 11/29/2020
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Lowest P/E In Gold Mining: AngloGold Ashanti
- AngloGold's valuation is getting absurdly cheap, especially on forward P/E calculations. One of the leading gold mining gainers into July is now on the sale rack in late November.
- 11/25/2020
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Gold Stocks Will Soon Be The New High Dividend Darlings
- Gold mining stocks have been hiking dividends across the board since March, as gold mining profit margins are at all-time record highs. Newmont is leading the charge, nearly tripling its dividend in two hikes this year.
- 11/20/2020
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Why Metals and Mining Stocks Aren't Joining Today's Rally
- Investors who use precious metals as hedges are seeing what that means today.
- 11/09/2020
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3 Gold Stocks Offering Glittering Value
- With the yellow metal among this year's best-performing commodities, gold stocks are in rally mode. Here are three to buy now.
- 11/06/2020
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Why AngloGold Ashanti Stock Rose 10% Today
- Shares of the precious metals miner jumped as it released third-quarter operating results.
- 11/02/2020
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4 Funds Bought In August, Mixture Of Opportunity And Speculation
- We see the 5th month of gains for the broader indexes and reach new all-time highs on the SP500 and continued new highs for NDX.
- 09/15/2020
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Gold Vs. REITs: There Can Be Only One Winner
- Gold has done exceptionally well recently, but REITs hold the better long-term track record. Gold's inflation hedging capabilities are overstated.
- 09/02/2020
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AngloGold Ashanti: Valuation Becoming A Tailwind After The Drop
- AngloGold Ashanti reported its Q2 results earlier this month, with quarterly gold production of 753,000 ounces, down 6% year over year.
- 08/21/2020
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Sierra Wireless Announces Commercial Availability of 5G Module with mmWave Support
- With support for mmWave, Sub-6 GHz and LTE, Sierra Wireless modules will enable original equipment manufacturers to securely deploy 5G worldwide.
- 08/19/2020
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Tracking John Paulson's Paulson & Company Portfolio - Q2 2020 Update
- John Paulson’s 13F portfolio value increased from $2.62B to $3.13B this quarter. Paulson & Company's largest three positions are Bausch Health, Horizon Therapeutics, and SPDR Gold ETF.
- 08/19/2020
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Chinese Tax, Floor-Price Policy Create Bonanza for Obscure Fuel
- (Bloomberg) -- A flotilla of tankers plying the waters between China and South Korea has been hauling unusually large volumes of a lesser-known fuel called light-cycle oil -- or LCO -- to Asia’s biggest crude consumer.Almost 800,000 tons of LCO arrived in China from its neighbor in July, the most in at least three years and more than twice the monthly average in the first half, data intelligence firm Kpler said. The flurry of activity, which looks to be accelerating this month, is being driven by both pull and push factors for LCO, a low-quality petroleum product that’s blended into diesel and fuel oil.Chinese diesel demand recovered as the economy emerged from virus lockdowns and the interest in Korean LCO was heightened as it was cheaper than locally-produced fuels that weren’t allowed to drop below the equivalent of $40-a-barrel crude due to government policy. A tax loophole that exempts imported LCO from hefty duties on finished fuels, on the grounds that it’s also a petrochemical feedstock, also added to its allure.South Korean refiners, meanwhile, opted to produce more LCO as margins were better than for other fuels in July, said several traders who asked not to be identified as they’re not authorized to speak publicly. In Singapore, diesel crack spreads were less than half of their five-year seasonal average last month, with complex processors struggling to turn a profit.“Chinese refiners are riding on the arbitrage to import light-cycle oil for blending to gasoil and selling it into the domestic market with a margin uplift,” said Serena Huang, a senior analyst at market analytics firm Vortexa Ltd. “This comes as a delight for South Korea refiners, who are getting higher margins in selling light cycle oil to Chinese refiners than exporting gasoil in the regional market.”August ShipmentsSouth Korean LCO exports to China are estimated at 547,000 tons so far this month, according to Kpler, compared with an average of about 390,000 tons in the first six months of the year. PetroChina and Sinochem were among the top buyers of July shipments, the data intelligence firm said.Chinese LCO purchases are likely to remain high this month as independent refiners use up their government-issued quotas for crude oil imports, increasing their appetite for the diesel blendstock, said Yang Xia, an analyst at industry consultant SCI99.The rally in global oil prices, however, and a plateauing in China’s energy demand recovery may make the high volumes more difficult to sustain in the coming months. With Brent now trading at around $45 a barrel, LCO isn’t as attractive compared with locally-produced diesel.Chinese LCO demand was supported by the early recovery in diesel demand as well as the floor-price mechanism that kept local prices of the fuel artificially high, said Fenglei Shi, an analyst at IHS Markit. “We don’t think the recent high LCO shipments to China will be sustainable” as those advantages are being eroded, she said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/16/2020
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AU or FNV: Which Is the Better Value Stock Right Now?
- AU vs. FNV: Which Stock Is the Better Value Option?
- 08/14/2020
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Is AngloGold Ashanti (AU) Outperforming Other Basic Materials Stocks This Year?
- Is (AU) Outperforming Other Basic Materials Stocks This Year?
- 08/11/2020
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New Strong Buy Stocks For August 7th
- New Strong Buy Stocks For August 7th
- 08/07/2020
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Sierra Wireless Reports Second Quarter 2020 Results
- Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported results for its second quarter ended June 30, 2020. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.
- 08/06/2020
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Dirty Oil’s Unusual Demand Boost Set to Wane on OPEC+ Easing
- (Bloomberg) -- An unexpected demand boost for dirty fuel oil is poised to ease with the return of some OPEC+ crude supply from this month.Cuts by the producer alliance combined with sanctions on Venezuela and Iran, hitting supplies of heavier crude and forcing processors from the U.S. to India to boost buying of high-sulfur fuel oil to use as an alternative feedstock in their refineries. Typically a by-product of crude refining, increased demand upended trade flows and drove the market into a deep deficit, but supply is expected to become more abundant as refiners switch back to crude with OPEC+ opening the taps.While a large chunk of the fuel was previously used to power ships, consumption has waned after new regulations were implemented this year mandating vessels use cleaner burning fuels unless they are fitted with expensive pollution kits. The recent demand surge also coincided with a seasonal boost from the Middle East, which imports fuel oil for use in electricity generation during the hotter summer months.Saudi Arabia has been forced to tap alternative markets for its power-station fuel due to intensifying competition, while Indian high-sulfur fuel oil purchases more than tripled through January to July from a year earlier. Shipments typically bound for Singapore from Europe and Russia have been diverted to the U.S. for refinery feedstock, said Serena Huang, a senior analyst with Vortexa Ltd.Refiners in Thailand and South Korea have also purchased more fuel oil in recent months to use as an alternative feedstock, according to traders familiar with the matter. The timing of their imports was in-line with sharp cuts to supplies from nations such as Saudi Arabia and Iraq, two producers that tend to export sulfurous and high-density crude.Tight MarketHigh-sulfur fuel oil prices in Singapore flipped into backwardation in early July for the first time since February, according to Bloomberg Fair Value data, signaling tighter supply.The market tightened to a deficit of more than 500,000 barrels a day last month, more than the five-year average, according to JBC Energy. The shortage is expected to ease to a “more normal” 100,000 barrels a day by the end of the year, said JBC, while Wood Mackenzie Ltd. also sees supply tightness moderating. Refiners can use fuel oil as a feedstock for secondary units at a plant to produce fuels such as diesel and other higher-end products.Complex refiners such as India’s Reliance Industries Ltd., PetroChina Co. and Sinopec, which have the secondary units to upgrade fuel oil, would benefit the most because they have the flexibility to use the alternative feedstock when heavy crude isn’t available, said Sushant Gupta, research director of Asia Pacific refining at Wood Mackenzie. That compares with simple refiners in Europe that had to shut down or cut run rates after crude became too expensive, according to JBC.However, as OPEC+ rolls back historic curbs and return more supplies to the market, refiners tailored to process heavy-sour crudes will revert to the more familiar feedstock, reducing their purchases of fuel oil.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/05/2020
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Did Hedge Funds Make The Right Call On AngloGold Ashanti Limited (AU) ?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 08/04/2020
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World’s No. 3 Gold Miner CEO to Leave After Fund Pressure
- (Bloomberg) -- AngloGold Ashanti Ltd.’s chief executive officer was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didn’t initially disclose, according to people familiar with the matter.The mining company announced on Thursday that Kelvin Dushnisky would step down after only two years. That followed a demand from a major shareholder, South Africa’s Public Investment Corp., for an independent probe into a payment of $926,000 from Barrick Gold Corp., according to the people, who asked not to be identified as the details aren’t public.The world’s third-largest gold miner hired Dushnisky from Barrick to steer a new growth path, and under his management he started to the sell mines in South Africa and Mali. AngloGold has declined 9% in Johannesburg trading since it was announced he’s leaving. The shares have risen fivefold since the CEO’s arrival as the price of gold soared.Before starting work at AngloGold, Dushnisky agreed to a signing bonus to make up for a payment from Barrick that he would lose out on as the company wanted him to start work before year-end. When it was published in Barrick’s annual report that it did pay him the bonus, the CEO was asked by the board to repay the $800,000.While the board had found that there was a breach of trust and a “mistake in judgment,” it didn’t take further action. After the demand for a probe by the PIC, Africa’s biggest fund manager that owns about 12% of Anglogold shares, the company then pushed for Dushnisky to resign or face a potentially damaging investigation, the people said.“AngloGold Ashanti’s board rejects as false any allegation that it threatened the company’s CEO with an investigation into the matter of a bonus. Neither did the board request Mr. Dushnisky’s resignation, which was a personal decision that we respect and understand,” AngloGold said in an e-mailed response.“The PIC can state that it has formally written to the AngloGold board to raise its concerns” related to the payments, it said in an emailed response to Bloomberg News last month. The PIC had said it’s awaiting a “response on actions that will be taken by the company.”The PIC didn’t immediately respond to emailed questions on Friday.For more on CEO resignation, click hereThe CEO resigned to be closer to his family in Toronto, AngloGold said in an emailed response to questions on Thursday. Dushnisky didn’t respond to calls and a text message seeking comment.Dushnisky will step down on Sept. 1, but will work with AngloGold from Toronto until Feb. 28 to ensure a smooth handover, the company said. Chief Financial Officer Christine Ramon will be interim CEO while it searches for a replacement.(Updates with AngloGold response in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/31/2020
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Sierra Wireless to Report Second Quarter 2020 Results on August 6th
- Sierra Wireless President & CEO, and CFO will host a conference call and webcast to review the results at 7:30 a.m. ET the same day.
- 07/28/2020
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EMERGING MARKETS-Stocks rise with Fed on the radar, S.African gold miners falter
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Sierra Wireless Reaches Definitive Agreement to Divest Automotive Embedded Module Product Line for US$165 million
- The transaction strengthens Sierra Wireless' focus on its high-value IoT Solutions business.
- 07/23/2020
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China Fuel Flood Has Asia’s Gasoline Recovery Teetering
- (Bloomberg) -- Asian oil refiners, beware. China’s churning out cheap gasoline and it’s pulling the rug from under the sector’s recovery.Chinese fuel producers are ramping up gasoline exports as stockpiles stay swollen amid softer demand due to flooding and a resurgence of virus infections. This comes after a short reprieve in May when some state-owned refiners diverted more motor fuel to local markets when people opted for private over public transport, supporting post-lockdown consumption.The country’s average daily exports of gasoline in July is currently at the highest level in four months as Chinese refiners pour more gasoline into regional markets. The flood of spot cargoes into Asia contributed to weaker gasoline prices in the region and caused prompt supplies to fall to a discount to later-loading oil, also known as a contango.“We expect Chinese gasoline exports to increase heavily over the third quarter in line with higher planned refinery runs and improving export margins,” said Sandra Octavia, an analyst at Energy Aspects, estimating shipments will rise to 350,000-400,000 barrels a day this quarter. “Over the near term, gasoline cracks and spreads risk a downward correction on higher regional supplies.”Shipments of the motor fuel from China averaged 294,400 barrels per day this month through to July 16, the highest since March and up from 226,400 barrels a day in June, according to energy analytics firm Vortexa Ltd. Exports in May tumbled after Sinopec, PetroChina and one of Sinochem’s largest refineries pulled back on foreign sales to prioritize local customers.As the region grapples with a surge in supply, it’s also facing a bleak demand outlook. Global gasoline consumption is expected to drop by 1.7 million barrels a day in the second half of 2020 from a year earlier, according to JBC Energy.Squeezed ProfitsWhile Chinese refiners enjoyed better returns from local fuel sales when oil was under $40 a barrel -- thanks to a floor price that prevented domestic fuel costs from falling beyond that point -- these processors no longer have an incentive to sell within the country following oil’s rebound.Now, as more Chinese gasoline supplies enter the Asian market, profits from turning crude into the motor fuel are easing alongside falling spot differentials for physical cargoes. The rebound in so-called gasoline crack spreads have since taken a pause, data from Bloomberg Fair Value showed, while spot differentials for physical cargoes slipped.Last week, state-owned CNOOC sold a shipment of gasoline for loading in August at a discount of 40 to 60 cents to the Singapore benchmark price, compared with a July cargo that traded last month at between parity and a premium of 20 cents. China’s West Pacific Petrochemical Corp. also sold a gasoline cargo for loading in mid-August at a sharp discount last seen during the peak of the virus outbreak in March, said traders who asked not to be identified.Chinese fuel makers have increased their gasoline exports due to factors such as lower margins from marketing fuels domestically, said Serena Huang, lead Asia analyst at Vortexa. Singapore remains the favored destination for Chinese gasoline, followed by the Philippines and Australia, she added.(Updates with JBC Energy forecast in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/22/2020
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The Zacks Analyst Blog Highlights: Harmony Gold Mining, Galiano Gold, Alamos Gold, AngloGold Ashanti and Sandstorm Gold
- The Zacks Analyst Blog Highlights: Harmony Gold Mining, Galiano Gold, Alamos Gold, AngloGold Ashanti and Sandstorm Gold
- 07/13/2020
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AngloGold Ashanti: Margin Expansion Set To Continue
- AngloGold Ashanti is up over 40% year-to-date and continues to outperform its benchmark, the Gold Miners Index.
- 07/11/2020
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AU or FNV: Which Is the Better Value Stock Right Now?
- AU vs. FNV: Which Stock Is the Better Value Option?
- 07/10/2020
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Is AngloGold (AU) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/09/2020
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Gold ETFs Hit Record Inflows in 1H20: Grab These 5 Stocks
- Global gold-backed exchange-traded funds (ETF) recorded seventh consecutive month of positive flows in June and closed the first half of 2020 with record holding of 3,321 tons.
- 07/08/2020
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Air Products (APD) Inks Deal for $5B Green Hydrogen Project
- The project, which Air Products (APD) will own equally with ACWA Power and NEOM, is expected to produce green ammonia for export in global markets.
- 07/08/2020
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Dow (DOW) to Sell Off Rail Assets at Six North America Sites
- Per the agreement, Dow (DOW) anticipates receiving cash proceeds in excess of $310 million from Watco.
- 07/07/2020
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Hong Kong Brokers Are Already Reading From Beijing’s Script
- (Bloomberg Opinion) -- The national security law China imposed on Hong Kong this week will damage civil liberties with long jail sentences and grant immunity to Chinese agents working in the territory. For investors who depend on the city as a financial center, though, there may be an extra sting in the tail.The law could increase self-censorship by Hong Kong’s analysts and economists, and damage the credibility of research reports, the Financial Times reported this week. The need to maintain relationships with mainland clients has influenced coverage in the past, but many fear the new law will exacerbate this trend.It’s a bit late to be worrying about that, though. Self-censorship isn’t just a matter of avoiding gratuitous digs and glib phrases. If you look at the ratings given by equity analysts in recent years, it seems to include portraying companies with strong mainland connections as better investments than they actually are.Take the 50 companies on the Hang Seng Index. You can easily break them into three groups: 15 Chinese state-owned enterprises, or SOEs, such as Bank of China Ltd. and PetroChina Ltd.; 13 civilian-controlled mainland Chinese businesses, or COEs, such as Tencent Ltd. and Sino Biopharmaceutical Ltd.; and 22 other, mostly locally controlled stocks, such as HSBC Holdings Plc, CK Hutchison Holdings Ltd. and AIA Group Ltd(1). Then look at the extent to which analysts’ consensus target prices have exceeded actual stock prices in recent years. SOEs get the most favorable treatment, with target prices exceeding actual prices by an average of 24% since the start of 2016, compared to 16% for the COEs and 13% for non-mainland companies.It’s not just in Hong Kong that brokers’ target prices tend to run higher than the actual market — there’s a reason they’re called sell-side analysts. China is still an emerging market, too, so it’s not impossible that its stocks simply have more upside than those operating out of a mature economy such as Hong Kong. So perhaps the reason state-owned enterprises get a target price premium over local companies is simply that they’re better investments that will deliver higher returns to investors?If only. Thanks to booming tech and biotech stocks and the huge run-up in prices during 2017, civilian-owned Chinese companies did achieve pretty stunning average total returns of 31% over the past four-and-a-half years. SOEs, however, averaged a measly 1.9%, far less than the 6.1% achieved by the non-mainland stocks.It’s not totally irrational that possessing a wealthy patron should be seen as an advantage for some investments. The Chinese state tends to put its thumb heavily on the scales in favor of its own organs, with diminishing benefits the further you get from the commanding heights of the economy, as my colleague Shuli Ren has written.In particular, it’s logical for credit analysts to give state-owned enterprises a better rating than those that can’t count on the backing of the Chinese government to bail them out. Even there, you’ve not been paying attention if you think the interests of private bondholders are going to be treated equally with those of better-connected investors.Still, when looking at the equity market, the proof should be in the pudding. If analysts predict a stock will consistently outperform — as they tend to do in relation to SOEs — then it should do that. If not, they’re either bad at their jobs or misleading their clients.There are many things to worry about in Hong Kong’s new national security law. The integrity of equity research is probably not one of them. Sell-side brokers themselves gave that away long ago.(1) We've equal-weighted each of these baskets of stocks so that a few stocks with huge market caps like Tencent, HSBC or China Construction Bank don't skew the overall result.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/03/2020
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Agnico Eagle Up 44% in 3 Months: What's Driving the Rally?
- Bright prospects of key growth projects and higher gold prices are driving Agnico Eagle's (AEM) shares.
- 07/02/2020
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Barrick (GOLD) and Loncor Strengthen Partnership in DRC
- The purpose of new Barrick (GOLD) JV is to conduct exploration activities on the JV permit properties held by Adumbi Mining for evaluating possible development and mining opportunities.
- 06/30/2020
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The Zacks Analyst Blog Highlights: AngloGold Ashanti, Barrick Gold, Harmony Gold Mining Company, Galiano Gold and Agnico Eagle Mines
- The Zacks Analyst Blog Highlights: AngloGold Ashanti, Barrick Gold, Harmony Gold Mining Company, Galiano Gold and Agnico Eagle Mines
- 06/30/2020
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FMC Corp Partners With Cyclica to Improve Research Efficiency
- FMC Corp (FMC) will use Cyclica's proprietary AI platforms to optimize the discovery of novel compounds.
- 06/30/2020
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5 Gold Stocks Poised to Deliver Strong Results in 2020
- We have handpicked five gold mining stocks that have solid earnings growth estimates for 2020.
- 06/29/2020
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China Oil Titans Plan Joint Crude Buying to Add Market Clout
- (Bloomberg) -- China’s state-owned oil refining giants are in discussions to form a purchasing group to buy crude together, increasing their bargaining power and avoiding bidding wars.Senior executives from China Petroleum & Chemical Corp., PetroChina Co., Cnooc Ltd. and Sinochem Group Co. are in advanced talks to iron out details of the plan, said people familiar with the initiative, who asked not to be identified as discussions are private and ongoing. The proposal has won the support of the Chinese central government and relevant industry watchdogs, the people said.For a start, the group is set to collectively issue bids for certain Russian and African grades in the spot market, they said. While it’s unclear how the cooperation will evolve, the group represents refiners that import more than 5 million barrels of oil a day. That’s nearly a fifth of OPEC’s total output, which would make it the world’s largest crude buyer in theory. The initiative -- first mooted in 2019 -- gained traction this year as the coronavirus spurred historic output cuts by OPEC and its allies to regain control of the market.The original epicenter of the pandemic, China was the first major economy to reopen and its consumption of transportation and industrial fuels is now almost back to pre-virus levels. The v-shaped recovery has in recent months prompted the country’s state-owned and independent refiners to snap up Russian and Brazilian crude in the spot market, pushing up prices.The state-owned refiners may jointly bid for Russian ESPO cargoes as early as next month in a trial run, the people said. The group might expand to allow participation from non-state owned processors -- including so-called teapots in Shandong province -- in the future, they said.Sinopec’s media office declined to comment on the matter when contacted on Friday, while PetroChina couldn’t immediately respond. Emails sent to CNOOC and Sinochem went unanswered, while nobody immediately responded to fax messages to China’s National Energy Administration and the National Development and Reform Commission.Long-Term PurchasesImporters from China to the U.S. to Europe with long-term supply contracts with Saudi Arabia and other big producers have struggled this year to manage the amount of crude received each month amid fluctuating domestic demand, refining margins and swelling stockpiles.Based on terms embedded in these contracts, buyers can inform sellers of their preferred volumes, loading dates and grades in a process known as nomination. Volumes can only be adjusted slightly from earlier-agreed liftings, and final decisions lie with the seller. Saudi Aramco, Iraq’s SOMO and Abu Dhabi’s Adnoc all sell their crude at official prices announced early each month.Indian processors and ports went so far as to declare force majeure in attempts to back out of crude liftings after the world’s biggest lockdown slashed demand. More recently, buyers across China and India sought more crude from Saudi Arabia after it cut volumes in-line with a wider OPEC+ pledge.By banding together, the Chinese group hopes to have a louder voice and bigger say in the volumes and prices for crude purchased, the people said.Other AttemptsWhile it’s unclear if the Chinese oil-procurement group will live up to expectations, grievances have been building up for several years as the country plays an ever-expanding role in the Asian and international oil market. Several mega-refineries have opened in recent years, while Shandong teapots have become regular buyers of crude from everywhere from Brazil to Russia.Unipec -- the trading arm of Sinopec -- in particular has been a persistent critic of Saudi Arabia’s crude sales and prices, as well as Asia’s passive role as a price taker. The company sought in 2018 to renegotiate its contractual volumes with Aramco, resulting in a spat.The kingdom is typically the largest supplier to China, the world’s biggest oil importer. It exported a record 9.16 million tons of crude to the Asian nation in May, followed by Russia on 7.71 million tons and Iraq with 6.96 million tons. If successful, the group will be the latest joint procurement initiative in China’s commodity sector. In 2003, top copper smelters including Jiangxi Copper Co., and Tongling Nonferrous Metals Group Co. formed the China Smelters Purchase Team that buys concentrate for member plants from foreign suppliers. The group, known as CSPT, now consists of more than 10 smelters across the country and accounts for more than 80% of Chinese copper concentrate imports.(Updates with details on China’s crude suppliers in 13th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/29/2020
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Saudi Aramco's Dividend Math Doesn't Add Up
- (Bloomberg Opinion) -- It’s the mother of all payouts.The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.That makes Chief Executive Officer Amin Nasser’s promise to continue that level of returns for the next five years an extraordinary vote of confidence in an oil market awash with uncertainties. Saudi Aramco will be prepared to borrow money to ensure that it meets its commitment this year despite oil prices heading into negative territory, he said this month.Running up debts to keep the dividend on track is standard practice for energy companies amid the carnage of 2020’s oil market — except for those, like Shell, which plan to cut payouts altogether. You only want to fund dividends out of borrowings, though, if you’re certain it’ll be a strictly temporary measure. The risk for Aramco is that upholding such a long-term promise to shareholders will bend its entire business out of shape, just when it needs to be especially nimble as crude demand slows and goes into reverse. The core of Aramco’s profitability is its astonishingly low production costs, with operating expenses amounting to not much more than $8 a barrel of oil and equivalent products last year. It’s remarkable how quickly the spending adds up, though. Royalties paid to the Saudi state alone added another $10 a barrel or so, while corporate income tax came to around $19 a barrel and dividends swallowed a further $15. Once all those tolls were paid, Aramco didn’t have a lot of spare change left out of $60-a-barrel oil, let alone the stuff in the $40-a-barrel range it’s selling at the moment.A firm dividend policy is an unusually inflexible cost. Unlike the royalties and income taxes levied as a percentage of Aramco’s revenues and profits, payouts don’t automatically shrink if the price of crude declines. If anything, the burden per barrel rises further when prices and output fall. Perhaps in recognition of this, the Saudi state has from the start agreed to forgo its portion of any payouts to the extent that receiving them would get in the way of Umm-and-Abu investors getting their share(1). That may help maintain a theoretical $75 billion-a-year payout but it makes a nonsense of the idea that all shareholders are equal, not to mention the principle that a dividend policy is some sort of a commitment to future earnings. It’s not clear, either, why a company with this get-out clause would want to take on debt to meet its promised payments, although Aramco’s borrowing costs are essentially identical to those of the Saudi state.Dividends aren’t the end of Aramco’s committed spending. Its purchase of a majority stake in chemicals company Saudi Basic Industries Corp., or Sabic, was completed this month, committing it to about $69 billion of payments over the next six years — even after a restructured plan pushed the bulk of the cash outflow toward the middle of the decade.Then there’s a potential $15 billion investment in Reliance Industries Ltd.’s Jamnagar refinery in India, $20 billion on a separate planned chemicals venture with Sabic, plus Sabic’s own $5 billion a year or so of capital spending which will now sit on Aramco’s balance sheet.Add it all up and the picture is troubling. It’s likely to be several years before operating cash flows rise above $100 billion a year again, even with Sabic’s business consolidated. If Aramco wants to spend three-quarters of that sum on its dividend while laying out $10 billion to $15 billion annually for Sabic’s finance and investment costs, then capex on its core operations will have to fall to a third or less of the $35 billion-odd that the company was spending until recently. For all that executives are confident of their ability to increase production at very low costs, that sort of belt-tightening would make the easiest route to higher profits — lifting crude output from its pre-Covid 10 million daily barrels to around 13 million — extraordinarily difficult to achieve.That path is likely to be constrained, anyway, by several years of weak demand growth as the world recovers from Covid-19. Not to mention the fact that Aramco’s importance to the oil market rests on the proposition that increases in its output, coordinated via OPEC+, should make prices move in the opposite direction, resulting in little by way of net revenue gains for the company.Unlike most of its competitors, Saudi Aramco doesn’t really need to be so focused on dividends. All but 1.5% of its shares are held by the same state that’s hoovering up royalty and tax payments further up the income statement. Riyadh shouldn’t really care how it’s getting paid, as long as it’s getting paid.That dividend policy looks more like a swaggering attempt to hold back the tide of an oil market on the edge of terminal decline. The quicker Aramco acknowledges that, the better equipped it will be to handle the coming turmoil.(1) Americans would call them "Mom-and-Pop shareholders."This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/28/2020
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Hedge Funds Souring On Sierra Wireless, Inc. (SWIR)
- In this article you are going to find out whether hedge funds think Sierra Wireless, Inc. (NASDAQ:SWIR) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/26/2020
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Lower Oilfield Activities Hurt Hi-Crush's (HCR) Q1 Earnings
- While Hi-Crush's (HCR) frac sand sales volume rises 5% year over year, contribution margin plunges 30% in Q1.
- 06/26/2020
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Axalta (AXTA) Unveils Imron Industrial Wood Product Line
- Through the addition of the Imron Industrial Wood product line, Axalta (AXTA) officially expands into the polyurethane wood coatings market.
- 06/25/2020
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Celanese (CE) Extends Long-Term Feedstock Contract In China
- Per Celanese (CE), the latest deal will provide its Nanjing facility with a reliable supply of carbon monoxide for its 1,200-kiloton acetic acid plant.
- 06/25/2020
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Gold Hits 8-Year High as Coronavirus Cases Spike: 5 Picks
- Coronavirus jitters led to sell-off in equities on Jun 24 and investors rushed to traditional safe havens, such as gold.
- 06/25/2020
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South Africa’s Top Gold Miner Raises Cash for Acquisition
- (Bloomberg) -- Harmony Gold Mining Co. raised $200 million through a share sale after investors backed its plan to purchase AngloGold Ashanti Ltd.’s last South African operations.Harmony decided to sell shares after its mines were shuttered during a coronavirus lockdown, impacting its original plan to finance the $300 million deal with cash and deferred payments. AngloGold’s Mponeng mine and Mine Waste Solutions will help Harmony replenish its South African reserves and cement its position as the nation’s top gold producer.“This successful placement is a validation of our investors’ support for Harmony’s stated strategy to safely grow quality ounces and increase margins,” Chief Executive Officer Peter Steenkamp said in a statement on Thursday.Harmony sold more than 60 million shares at 57.50 rand ($3.30) apiece, 5.4% below Wednesday’s closing price. The miner’s shares were trading up 2.3% Thursday at 60.90 rand at 11:10 a.m local time.The deal would be concluded once the South African government approves transfer of mineral rights to Harmony, Marian Van Der Walt, a spokeswoman, said. Both companies initially said the sale would be concluded by the end of June.“We are working on getting the approvals, which we believe is imminent,” Van Der Walt said.The sale of Mponeng and the surface assets also marks the exit from South Africa of AngloGold, the world’s third-largest gold miner, which emerged from a mining empire created by Ernest Oppenheimer more than a century ago.(Updates with conclusion of deal in penultimate paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/25/2020
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Harmony Gold Mining: The Stock May Have More Upside If Gold Stays Near Current Levels
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The Zacks Analyst Blog Highlights: AngloGold, Barrick Gold, Harmony Gold and Galiano Gold
- The Zacks Analyst Blog Highlights: AngloGold, Barrick Gold, Harmony Gold and Galiano Gold
- 06/24/2020
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AU vs. FNV: Which Stock Should Value Investors Buy Now?
- AU vs. FNV: Which Stock Is the Better Value Option?
- 06/24/2020
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Hedge Funds Are Buying AngloGold Ashanti Limited (AU)
- The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
- 06/24/2020
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Large-Cap Gold Companies And Their Historical Returns - 2020 Edition
- The article provides a comparison of historical 1, 3, 5, and 10 year returns between large-cap gold companies. The article provides a comparison of historical r
- 06/23/2020
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Tesla Offers Basic Autopilot Upgrade for $2000 Until Jul 1
- Through announcing the FSD price hike effective Jul 1, Tesla (TSLA) is trying to convince customers to upgrade by the end of second quarter as well as boost revenues.
- 06/23/2020
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Gold at 8-Year High: Grab These 4 Gold Mining Stocks
- Gold hits eight-year high on stimulus measures and fears of a second wave of coronavirus cases.
- 06/23/2020
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Univar (UNVR) Set to Distribute Wax Products of Poth Hille
- Univar (UNVR) expects the distribution deal to help Poth Hille to expand wax-based solutions to a broader geographical region.
- 06/19/2020
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Century Aluminum Prices Senior Notes Offerings Worth $250M
- Century Aluminum (CENX) plans to use the net proceeds for the purchase of all of its $250-million outstanding principal amount of 7.50% senior secured notes slated to mature in 2021.
- 06/19/2020
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Zonte intersects additional mineralization at Dunns Mountain, resumes drilling and completes Wings Point drilling
- HALIFAX, NS , June 18, 2020 /CNW/ - Zonte Metals is pleased to provide the following update on the ongoing phase 2 drill program at its Cross Hills Iron Oxide Copper Gold (IOCG) Project. The Company also wishes to announce it has completed the phase 1 drill program at its Wings Point Gold Project. At the Cross Hills IOCG project, winter drilling included the completion of four holes with a fifth in progress at the Dunns Mountain target.
- 06/18/2020
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The Zacks Analyst Blog Highlights: Agnico Eagle Mines, AngloGold Ashanti, Alamos Gold, B2Gold and Barrick Gold
- The Zacks Analyst Blog Highlights: Agnico Eagle Mines, AngloGold Ashanti, Alamos Gold, B2Gold and Barrick Gold
- 06/17/2020
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Dow & Shell Collaborate to Develop E-Cracking Technology
- The collaboration between Dow (DOW) and Shell brings together their knowledge and a shared commitment to a low-carbon future.
- 06/17/2020
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Gold Likely to Hold Momentum in Rest of 2020: 5 Top Picks
- Last week, gold gained 3.2% as Wall Street routed on concerns of a second surge of coronavirus. The momentum is likely to continue this year.
- 06/16/2020
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First Majestic Acquires 50% Silver Stream From First Mining
- The latest agreement enhances First Majestic's (AG) silver exposure and provides significant potential to boost silver prices while reducing risks and costs
- 06/12/2020
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AngloGold Ashanti Stock's Relative Strength Surges To 91 Rating
- On Wednesday, AngloGold Ashanti received a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91. AngloGold Ashanti reported 573% earnings growth in its most recent report. The South Africa-based gold mining firm holds the No. 4 rank among its peers in the Mining-Gold/Silver/Gems industry group.
- 06/10/2020
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Shares of several precious metals companies are trading higher as US equities sell off. Stocks have gained recently as US states reopen their economies and investors appear to be taking some profits and waiting on this week's Fed announcement.
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Shares of several precious metals companies are trading lower amid strength in equities following US jobs data, which has potentially driven traders out of safe-haven assets for the session.
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Gold ETFs Attain Record YTD Inflows Amid Global Uncertainties
- Gold ETFs report record inflows during the January-May period as investors continue to pile onto the metal seen as a safe haven during turbulent times.
- 06/05/2020
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Zacks Market Edge Highlights: Vertex Pharmaceuticals, Channel Advisor, Gold Fields, AngloGold Ashanti and Dropbox
- Zacks Market Edge Highlights: Vertex Pharmaceuticals, Channel Advisor, Gold Fields, AngloGold Ashanti and Dropbox
- 06/04/2020
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Shares of several precious metals companies are trading lower. The reopening of US states has led to hopes of an economic rebound and boosted equities, leading investors away from safe-haven assets like gold and silver.
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The Zacks Analyst Blog Highlights: AngloGold Ashanti, Barrick Gold, B2Gold, Pretium Resources and Kinross Gold
- The Zacks Analyst Blog Highlights: AngloGold Ashanti, Barrick Gold, B2Gold, Pretium Resources and Kinross Gold
- 06/03/2020
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Top Ranked Growth Stocks to Buy for June 3rd
- Top Ranked Growth Stocks to Buy for June 3rd
- 06/03/2020
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Top Ranked Growth Stocks to Buy for June 3rd
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5 Gold Stocks to Add Glitter to Your Portfolio Right Now
- We suggest five gold stocks that are worth adding to your portfolio backed by their solid growth projections.
- 06/02/2020
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The Zacks Analyst Blog Highlights: AngloGold Ashanti, Alamos Gold, B2Gold, Pretium Resources and Gold Fields
- The Zacks Analyst Blog Highlights: AngloGold Ashanti, Alamos Gold, B2Gold, Pretium Resources and Gold Fields
- 05/29/2020
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Gold Glitters on Simmering US-China Tensions: 5 Picks
- China's alteration of human rights policies has reignited US-China tensions, forcing investors to rush to safe-have assets like gold.
- 05/29/2020
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AskSlim Market Week - Friday, May 29
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Gold Glitters on Coronavirus Fears: 5 Stocks to Buy
- Gold gains 12.5% year to date outperforming most major asset classes, primarily driven by coronavirus woes.
- 05/28/2020
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Gold Glitters on Coronavirus Fears: 5 Stocks to Buy
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RBC Capital Reiterates Outperform on Anglogold Ashanti, Raises Price Target to $31
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Zonte Metals provides update on Cross Hills Property and commences drilling at the Wings Point Gold project
- HALIFAX , May 26, 2020 /CNW/ - Zonte Metals is pleased to provide the following update on the Phase 2 drill program at its Cross Hills Iron Oxide Copper Gold (IOCG) Project and the commencement of Phase 1 drilling at the Wings Point Gold Project. Phase 2 drilling at the Cross Hills property is focusing on the Dunns Mountain target, where the Company has previously intersected copper, silver and gold in an IOCG system.
- 05/26/2020
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AngloGold Halts Production At World’s Deepest Gold Mine, Due To Covid-19 Outbreak
- AngloGold Ashanti (AU) has confirmed that operations at its Mponeng gold mine – which were running at 50% capacity – have been temporarily halted on a voluntary basis.The company explains that this new ‘precautionary step’ will enable it to complete contact tracing, and to deep clean and sanitize the workplace and key infrastructure.AngloGold Ashanti has conducted 650 Covid-19 tests since last Thursday, after a screening, tracing and testing program revealed several cases at the site in Merafong, in Gauteng Province, South Africa.This process has indicated 164 positive cases with only a handful of tests left to process. According to AU, of the positive cases, the vast majority are asymptomatic.“AngloGold Ashanti is committed to working with the South African government and other stakeholders to combat the spread of the virus and to deal with its after-effects” the company says, adding that it’s electronic tracking technology- normally used for underground workers- is helping locate primary, or close contacts.RBC Capital analyst James Bell has a buy rating on the stock and $29 price target (14% upside potential). Shares are currently trading up 14% year-to-date.He reiterated his buy rating following ‘difficult’ Q1 results, with both production and costs coming in weaker than forecast. However key asset sales remain on track- with AU on the cusp of selling its South African assets to Harmony Gold Mining for $300M.“We continue to see asset sales as a key catalyst for the group so positive progress in the SA sale process, including competition commission approval, should be welcomed” said Bell, who believes that an early H2 closure may still be possible. (See AU stock analysis on TipRanks).Related News: Positive Exploration Results Could Drive Upside for Yamana Gold, Says Analyst Micron Has More Than Enough Tailwinds to Offset Huawei Sanctions, Says Top Analyst Baidu May Use Nasdaq Delisting To Boost Value – Report More recent articles from Smarter Analyst: * Amazon’s Jeff Bezos Invests In UK Freight Startup Beacon * Google Delays Rollout Of Android Beta Version Amid U.S. Protests * Facebook Holds ‘Productive’ Call With Trump, As Social Media War Rages On * Nordstrom's Shares Drop 12% on Difficult Quarter
- 05/25/2020
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AngloGold Shutters World’s Deepest Mine After 164 Covid-19 Cases
- (Bloomberg) -- AngloGold Ashanti Ltd., temporarily halted work at its Mponeng gold mine in South Africa after more than 164 workers tested positive for Covid-19.The world’s third-largest gold miner detected a cluster of infections after a mass testing campaign, and the majority of confirmed cases were asymptomatic, said Chris Nthite, a spokesman for the company. AngloGold conducted 650 tests since Thursday, he added. Mponeng, the last of AngloGold’s South African assets, employs about 5,000 workers.“As a precautionary step, operations at Mponeng Mine -– which were running at 50% capacity -– have been temporarily halted on a voluntary basis to complete contact tracing and to again deep clean and sanitize the workplace and key infrastructure,” Nthite said.AngloGold is in the process of selling Mponeng, the world’s deepest mine, to Harmony Gold Mining Co., a deal that’s expected to close at end of June. The producer has suspended its guidance for full-year output of 3.05 million to 3.3 million ounces of gold amid the coronavirus pandemic.More on South African mining challengesWorkers in South Africa’s mines, which employ more than 450,000 people, are particularly vulnerable as they toil in cramped shafts that can reach more than two miles underground, before returning to overcrowded hostels and shanty towns.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/24/2020
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Fifty-three workers at AngloGold Ashanti mine in S.Africa have coronavirus
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Sierra Wireless Announces Results of Annual Shareholders’ Meeting and Appointment of New Directors
- Sierra Wireless announced results from its annual general and special meeting of shareholders and the appointment of three new independent directors.
- 05/23/2020
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‘Tough on China’ Stance Seen Pushing Delisting Bill Forward
- (Bloomberg) -- A U.S. bill that aims to delist foreign companies from the country’s stock exchanges is likely to become law, analysts and experts said on Thursday, noting that it would mark the latest escalation of the U.S.-China tensions in Washington.The legislation, which requires companies to certify that they are not under the control of a foreign government, was approved by the Senate by unanimous consent on Wednesday.“No vote is yet scheduled in the House, but we believe there will be a significant push for the legislation to be taken up in the coming weeks, and we believe it is only a matter of time before this bill (or something similar) is signed into law,” Raymond James policy analyst Ed Mills wrote in a note to clients.Even if the bill is eventually approved, actual delisting requirements may kick in several years from now, experts said. But any move could still prompt retaliation from China, especially given the current fraught relationship between the two countries in the midst of drawn out trade negotiations and the Covid-19 outbreak.“The optics of even holding this vote are likely to trigger backlash from China and further rhetoric around releasing the Unreliable Entity List, restricting rare earth minerals, boycotts and the like,” Veda Partners’ director of economic policy Henrietta Treyz said.The bill comes at a critical time, analysts noted, when both Republicans and Democrats want to appear tough on China, earning the legislation strong bipartisan support.Some of the most important Chinese companies that might come under the bill include Alibaba Group Holding Ltd., PetroChina Co. Ltd., Baidu Inc. and JD.com Inc. According to Mills at Raymond James, affected companies may list on non-U.S. stock exchanges, which would limit the bill’s reach.The American Depository Receipts (ADRs) of these companies, except Baidu, were underperforming the S&P; 500 Index on Thursday, especially as the delisting bill is the second blow to these names in two days. On Wednesday, Bloomberg News reported that Nasdaq Inc. was planning new rules that would make initial public offerings more difficult for some Chinese companies. However, the latest developments mean any major foreign IPO may face some hurdles, for example, Saudi Arabian oil exploration company Saudi Aramco.The spat may also be a negative for the U.S. stock market, given the potential risk to a U.S.-China trade agreement in the midst of such attacks and counter-attacks. According to Kevin McCreadie, CEO and CIO of AGF Management Ltd., which has C$36 billion in assets under management, threats to the phase one deal could trigger stock market declines.If Trump pulls out of the trade deal to play to his base, “that’s a market issue,” McCreadie said. However, even Democrats are likely aware of polling data showing Americans are increasingly negative on China. Also, there are views on human rights violations among progressive Democrats that dovetail with views among right-wing Republicans, McCreadie added.That said, there might still be one small wrinkle to the bill’s path to approval.Cowen analyst Jaret Seiberg pointed out that although Democrats want to be seen as tough on China, they may not want to let President Donald Trump change the subject from the pandemic by celebrating the enactment of this bill.“For now, we believe the desire to keep Trump from celebrating is the priority, but this is a close call,” the analyst said.(Adds share moves in eighth paragraph, comments from AGF Management in ninth and 10th.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/21/2020
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Shares of several precious metals companies are trading lower, potentially amid hopes of an economic recovery. Economic optimism has been seen as a positive catalyst for stocks and a negative catalyst for safe-haven assets.
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Shares of several precious metals companies are trading higher amid market uncertainty as Fed Chair Powell and Treasury Secretary Mnuchin testify on the CARES act. Gold and silver have been seen as 'safe haven' assets amid the coronavirus pandemic, which has caused global recession fears. While some US states begin to reopen, fears of a recession and a resurgence in cases have been potential positive catalysts for gold.
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The Zacks Analyst Blog Highlights: Taiwan Semi, Peloton and AngloGold Ashanti
- The Zacks Analyst Blog Highlights: Taiwan Semi, Peloton and AngloGold Ashanti
- 05/19/2020
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Do Macroeconomic Outlooks Matter With COVID?
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Stocks That Hit 52-Week Highs On Monday
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The Zacks Analyst Blog Highlights: Chaparral Energy, AngloGold Ashanti, Gold Fields, HighPoint Resources and Key Energy Services
- The Zacks Analyst Blog Highlights: Chaparral Energy, AngloGold Ashanti, Gold Fields, HighPoint Resources and Key Energy Services
- 05/18/2020
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Top Ranked Growth Stocks to Buy for May 18th
- Top Ranked Growth Stocks to Buy for May 18th
- 05/18/2020
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Moving Average Crossover Alert: AngloGold Ashanti
- AngloGold Ashanti Limited (AU) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 05/18/2020
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Moving Average Crossover Alert: AngloGold Ashanti
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Shares of several precious metals companies are trading higher amid market uncertainty following a drop in US retail sales and US-China tensions, which have made equities volatile for the session.
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Why AngloGold Ashanti (AU) Could Be an Impressive Growth Stock
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider AngloGold Ashanti (AU).
- 05/15/2020
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5 Winning Stocks to Buy as Oil Gushes Up
- With the economies gearing up to reopen, demand for oil may spring back to pre-pandemic levels. However, there has been a decline in oil stockpiles leading to spike in oil price.
- 05/15/2020
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Shares of several precious metals companies are trading higher amid weakness in equities. Uncertainty surrounding the outlook in coronavirus cases after WHO released comments on the coronavirus has potentially driven investors to 'safe-haven' assets.
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7 Basic Materials Stocks Moving In Tuesday's Pre-Market Session
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RWC Asset Management LLP Buys JD.com Inc, Alibaba Group Holding, MercadoLibre Inc, Sells Trip. ...
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Carpenter Technology (CRS) Q3 Earnings & Sales Beat Estimates
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Shares of several precious metals companies are trading higher amid market uncertainty, driven by investor concerns of US-China tensions and the reopenings of some US states.
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S.Africa’s rand, stocks rally as stimulus, easing lockdowns lift sentiment
- JOHANNESBURG — The South African rand firmed on Tuesday as risk sentiment globally improved, spurred by stimulus measures and talk by leaders around the world about easing lockdown measures.A…
- 04/28/2020
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Gold-Silver Geochemical Anomalies Defined by Soil Sampling Program at El Zanjon, Argentina
- Rugby Mining Limited (“Rugby” or the “Company”) (RUG.V) is pleased to report on the results of a soil sampling program recently completed on the El Zanjon gold-silver project in Santa Cruz province, Argentina. The program was initiated by Rugby as a follow-up to ground magnetic surveys which had outlined
- 04/28/2020
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Stocks That Hit 52-Week Highs On Friday
- During Friday's morning session, 28 stocks hit new 52-week highs.
Noteworthy Mentions:
The largest company by market cap to set a new 52-week high was Eli Lilly (...
- 04/24/2020
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7 Basic Materials Stocks Moving In Friday's Pre-Market Session
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Stocks That Hit 52-Week Highs On Thursday
- During Thursday's morning trading, these companies set new 52-week highs.
Noteworthy Points:
Johnson & Johnson (NYSE: JNJ) was the largest company by market cap...
- 04/23/2020
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Shares of several precious metals companies are trading higher as equities gain driven by a rebound in oil.
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Shares of several gold and silver companies are trading higher as equities gain amid oil prices potentially stabilizing following the recent crash.
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Make America Go Back to Work Again?
- President Donald Trump unveiled guidelines for “Opening Up America Again,” a three-phase approach to be executed by state and local officials. Some governors have already expressed interest in easing restrictions sooner rather than later.
- 04/17/2020
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20 Basic Materials Stocks Moving In Friday's Pre-Market Session
- Gainers
• Cleveland-Cliffs, Inc. (NYSE:CLF) shares moved upwards by 7.23% to $3.78 during Friday's pre-market session. According to the most recent rating by Credit...
- 04/17/2020
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7 Basic Materials Stocks Gaining In Thursday's Pre-Market Session
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Gold Miners - Beware The Bull Trap
- Gold miners have rallied off their mid-March bottom. We expect another leg down within the next couple of weeks. Bulls are about to get trapped.
- 04/15/2020
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Stocks That Hit 52-Week Highs On Tuesday
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Hip Hop Public Health Launches 20 Seconds or More Initiative Harnessing the Power of Music to Encourage Hand Washing and Other Safety Protocols Amongst Young People to Battle the COVID-19 Pandemic
- Hip Hop Public Health Launches 20 Seconds or More Initiative Harnessing the Power of Music to Encourage Hand Washing and Other Safety Protocols Amongst Young People to Battle the COVID-19 PandemicPR NewswireNEW YORK, April 14, 2020Rap Icon Doug E. Fresh and Songwriter Artie Green Collaborated on New
- 04/14/2020
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Shares of several precious metals companies are trading higher amid weakness in equities. Uncertainty surrounding the outlook in coronavirus cases and the reopening of the economy has potentially driven investors to 'safe-haven' assets.
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Shares of several gold stocks are trading higher amid overall market strength after the US Federal Reserve announced a further $2.3 trillion in financing programs to support the economy.
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The Best-Performing Gold And Precious Metal Stocks - April 2020
- This article presents returns data for the 50 best-performing precious metal mining stocks year to date. Miners have generally underperformed the commodity pric
- 04/08/2020
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6 Stocks That Will Benefit From a Dovish Federal Reserve in 2020 | MarketBeat
- These six stocks stand to benefit from both low-interest rates and the unique economic conditions being brought on by the Covid-19 pandemic.
- 04/07/2020
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Macquarie Group Ltd. Cuts Stake in AngloGold Ashanti Limited (NYSE:AU)
- Macquarie Group Ltd. reduced its holdings in shares of AngloGold Ashanti Limited (NYSE:AU) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 323,292 shares of the mining company’s stock after selling 46,937 shares during the period. Macquarie Group Ltd. owned about 0.08% […]
- 04/07/2020
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11 Basic Materials Stocks Moving In Monday's Pre-Market Session
- Gainers
Sibanye Stillwater, Inc. (NYSE: SBSW) stock surged 13.4% to $5.23 during Monday's pre-market session.
ArcelorMittal, Inc. (NYSE: MT) stock increased by 10.1...
- 04/06/2020
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Shares of several gold stocks are trading higher amid an increase in the price of gold.
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Saweetie Celebrates Quavo's Birthday in Studded Louboutins + Tie-Dye
- These shoes should come with a danger warning.
- 04/03/2020
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Gold gains for first time in five sessions; miners broadly higher
- Gold futures settled higher as another big jump in U.S. weekly first-time jobless claims rekindled demand for the traditional safe haven play; June Comex gold +2.9% at $1,637.70/oz."Gold has been
- 04/02/2020
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Shares of several precious metals companies are trading higher amid mixed performance in equities. US jobs data and market uncertainty have potentially been a positive catalyst for safe-haven assets such as previous metals.
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40 Stocks Moving in Tuesday's Pre-Market Session
- Gainers
EyeGate Pharmaceuticals, Inc. (NASDAQ: EYEG) shares rose 85% to $7.53 in pre-market trading after announcing topline data in follow-on dry eye pilot study.
Superconductor...
- 03/31/2020
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B2Gold Resumes Masbate Mine Operations in the Philippines
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3 Resource Stocks to Buy for the Gold Rush
- These resource stocks offer strong opportunities and, possibly, safety, as the gold rush of 2020 gets under way.
- 03/30/2020
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6 Basic Materials Stocks Moving In Monday's Pre-Market Session
- Gainers
• Sibanye Stillwater, Inc. (NYSE:SBSW) stock rose 7.10% to $5.28 during Monday's pre-market session.
• Anglogold Ashanti, Inc. (NYSE:AU) stock surged 6.10%...
- 03/30/2020
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Shares of several gold mining stocks are trading higher potentially due to media reports that gold operations in Africa have not been impacted by coronavirus. Shares have reversed and are ow trading lower.
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This Top-Rated Stock Is Outperforming In The Coronavirus Bear Market
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South Africa to impose 21-day lockdown on miners
- South African mining firms are bracing for a three-week nationwide lockdown ordered by the government in an attempt to slow the spread of the coronavirus, warning of higher costs and reduced productio
- 03/24/2020
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Anglogold Ashanti Sees Its Composite Rating Rise To 98
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Hedge Funds Were Getting Burned By Snap-on Incorporated (SNA) Before The Coronavirus
- Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]
- 03/23/2020
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Hedge Funds Were Getting Burned By Whirlpool Corporation (WHR)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Hedge Funds Were Flocking Into Kirkland Lake Gold Ltd. (KL) Before The Coronavirus
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/23/2020
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Hedge Funds Were Getting Burned By Tata Motors Limited (TTM) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Hedge Funds Were Selling AngloGold Ashanti Limited (AU) Before The Coronavirus
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/23/2020
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Shares of several precious metals companies are trading higher amid global market volatility. The global spread of the coronavirus has caused economic disruption and negatively impacted equities, potentially leading investors to 'safe-haven' assets.
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10 Basic Materials Stocks Moving In Wednesday's Pre-Market Session
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34 Stocks Moving in Tuesday's Pre-Market Session
- Gainers
Moleculin Biotech, Inc. (NASDAQ: MBRX) shares rose 83% to $0.73 in pre-market trading after the company signed an agreement with UTMB to test WP1122 on a 'range of...
- 03/17/2020
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Market Structure Challenged: GDX Collapses In Unexpected Gold Decline
- Precious metals and precious metals stocks are often thought of as a safe haven. However, in times of true market panic, they get sold off too. This was true in
- 03/17/2020
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110 Biggest Movers From Yesterday
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Shares of several gold and silver companies are trading higher. The coronavirus outbreak has led to a steep dip in equities recently, potentially driving investors to safe-haven assets such as precious metals.
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11 Basic Materials Stocks Moving In Friday's Pre-Market Session
- Gainers
• Intrepid Potash, Inc. (NYSE:IPI) stock increased by 23.66% to $1.15 during Friday's pre-market session.
• Sibanye Stillwater, Inc. (NYSE:SBSW) shares rose...
- 03/13/2020
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14 Basic Materials Stocks Moving In Wednesday's Pre-Market Session
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No real winners today as gold barely gains, miners mauled
- Gold futures eked out gains but retreated from the $1,700/oz. level touched earlier, as investors sold the yellow metal to cover margin calls due to today's rout in equities and energy markets.Comex A
- 03/09/2020
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Zacks Investment Research Downgrades AngloGold Ashanti (NYSE:AU) to Sell
- AngloGold Ashanti (NYSE:AU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, Zacks.com reports. According to Zacks, “Headquartered in Johannesburg, South Africa, AngloGold Ashanti Limited is an independent, global gold mining company with mines and exploration projects across Continental Africa, South Africa, Americas […]
- 03/08/2020
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85 Biggest Movers From Yesterday
- Gainers
Inovio Pharmaceuticals, Inc. (NASDAQ: INO) shares climbed 69.7% to close at $7.45. Inovio Pharmaceuticals announced an accelerated timeline Tuesday for the development of...
- 03/04/2020
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Why You Should Hold AngloGold Ashanti
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50 Stocks Moving In Tuesday's Mid-Day Session
- Gainers
Superconductor Technologies Inc. (NASDAQ: SCON) shares jumped 107.1% to $0.4079. Superconductor Technologies and Allied Integral United announced a merger agreement....
- 03/03/2020
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7 Basic Materials Stocks Moving In Tuesday's Pre-Market Session
- Gainers
DRDGold, Inc. (NYSE: DRD) shares surged 4.3% to $6.78 during Tuesday's pre-market session. The most recent rating by H.C. Wainwright, on February 14, is at...
- 03/03/2020
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Anglogold Ashanti shares are trading higher. Not currently seeing any company-specific news. NOTE: Global markets continue to expect volatility amid the coronavirus spread.
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Gold Price Update And Top News For February 2020
- Gold prices rise, and then nosedive along with stocks on coronavirus fears. I discuss where I think gold is heading in the short term and provide a market updat
- 03/02/2020
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Shares of several precious metals companies are trading higher as global markets continue to expect volatility amid the coronavirus spread.
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Shares of several gold companies are trading lower as markets partially rebound from Monday weakness. NOTE: While some markets are rebounding, coronavirus fears still continue to persist both in China and globally.
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94 Biggest Movers From Friday
- Gainers
Trans World Entertainment Corporation (NASDAQ: TWMC) shares jumped 50.9% to close at $5.28 on Friday after the company disclosed that its subsidiary etailz entered into a...
- 02/24/2020
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RMI Report 2020: Largest Mining Companies in Danger of Perceived 'SDG-washing' Over Selective Reporting
- Many of the world's largest mining companies risk the perception that they are 'SDG-washing' through selective reporting of their impacts on these universal goals. Companies often highlight in their Sustainability Reports the positive contributions they make to the UN Sustainable Development
- 02/24/2020
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Shares of several gold and silver companies are trading higher amid a dip in global equities on growing coronavirus fears.
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Tracking John Paulson's Paulson & Company Portfolio - Q4 2019 Update
- John Paulson’s 13F portfolio value decreased from $4.99B to $4.63B this quarter. Paulson & Company's largest three positions are Bausch Health, SPDR Gold ETF, a
- 02/22/2020
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AskSlim Market Week - Saturday, Feb. 22
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Gold scores biggest weekly gain since June
- Gold futures (NYSEARCA:GLD) rallied to conclude their biggest weekly gain in eight months, as investors rushed to the safe-haven play amid concerns over the global economic fallout from the coronaviru
- 02/21/2020
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33 Stocks Moving in Friday's Pre-Market Session
- Gainers
Baudax Bio, Inc. (NASDAQ: BXRX) shares rose 30% to $10.40 in pre-market trading after the company reported the FDA approval of ANJESO for management of moderate to...
- 02/21/2020
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Anglogold Ashanti shares are trading higher after the company reported strong FY19 earnings. Shares of several other gold companies are trading higher today as coronavirus fears lead many investors into safe-haven assets.
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8 Basic Materials Stocks Moving In Thursday's Pre-Market Session
- Gainers
Constellium, Inc. (NYSE: CSTM) stock increased by 9.0% to $13.30 during Thursday's pre-market session. The most recent rating by Benchmark, on January 16,...
- 02/20/2020
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Shares of several gold companies are trading higher as a demand for safe-haven assets continue amid economic worries over the coronavirus.
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BMO Capital Markets to Host Global Metals & Mining Conference for 29th Year
- BMO Capital Markets to Host Global Metals & Mining Conference for 29th Year
- 02/18/2020
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Gold breaks past $1,600 for first time since 2013
- Gold futures (GLD +1.3%) climb to their highest levels since 2013, as continued concerns over the coronavirus pressure stocks and spark demand for safe-haven assets including gold and U.S. Treasurys.C
- 02/18/2020
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Shares of several silver and gold companies are trading higher as investors still see a demand for safe-haven assets following weakness in the overall market potentially related to continued coronavirus fears as well as reports suggesting the US is weighing trade restrictions on China. NOTE: Precious metals are seen as safe-haven assets, which are typically used as insurance against volatile market action and uncertainty.
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7 Ways To Invest In Gold Amid Coronavirus Fears
- The COVID-19 virus outbreak has certainly made investors uneasy, and the idea of a deadly global pandemic is cause for concern. One traditional safety trade for investors is to buy gold or gold mining stocks. The SPDR Gold Trust (NYSE: GLD ) is up 3.8% so far in 2020, but the VanEck Vectors Gold Miners ETF (NYSE: GDX ) is down 2.7%. If the new coronavirus spreading in China ultimately triggers a global economic downturn, gold prices may spike, sending gold miner margins and profits soaring. Some gold miners are better investments than others. Here are seven gold miner stocks to buy, sell and hold, according to Bank of America. Buy: Newmont Corporation (NYSE: NEM ) Analyst Michael Jalonen recently said Newmont is making good on its capital return pledge after the company raised its dividend by 79% starting in April. Newmont also plans to boost its share buybacks by up to $1 billion. The company is also refreshing its brand, changing its name from Newmont Goldcorp to Newmont Corporation.
- 02/14/2020
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Shares of several silver and gold companies are trading higher as investors still see a demand for safe-haven assets following renewed Coronavirus fears as the number of new confirmed cases in China increased. NOTE: Precious metals are seen as safe-haven assets, which are typically used as insurance against volatile market action and uncertainty.
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4 Basic Materials Stocks Moving In Tuesday's Pre-Market Session
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5 Basic Materials Stocks Moving In Monday's Pre-Market Session
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's Top Upgrades, Downgrades For February 6, 2020
- Upgrades
For Eaton Corp PLC (NYSE: ETN), Vertical Research upgraded the stock from Hold to Buy. In the fourth quarter, Eaton showed an EPS of $1.37, compared to...
- 02/06/2020
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UBS Initiates Coverage On Anglogold Ashanti with Neutral Rating
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Shares of several gold companies are trading higher as markets rebound, potentially leading investors to rotate out of safe-haven assets.
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Nontraditional Funds Took the Stage at World’s Biggest ETF Conference
- Two topics seemed to dominate at this year’s Inside ETFs conference: the rise of ESG investing, and the emergence of so-called “nontransparent” ETFs. Both promise some big changes to financial markets.
- 02/01/2020
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10 Basic Materials Stocks Moving In Friday's Pre-Market Session
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Gold eases off six-year highs as equities regain favor for now
- Gold prices pull back slightly from more than six-year highs, as investor worries over the spread of China's coronavirus eased a bit.February Comex gold (NYSEARCA:GLD) settled -0.5% at $1,569.80/oz. a
- 01/28/2020
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