A BMO Capital Markets report gave the new figures for tons and grades and compared them to ones in a prior estimate. In a June 17 research note, BMO Capital Markets analyst Edward Sterck reported that South32 Ltd. (S32:ASX; S32:LSE) published a mineral resource for its Taylor deposit in Arizona.Sterck noted the new JORC compliant resource is generally similar to the NI 43-101 compliant one comple...Read More

Sector expert Michael Ballanger offers his take on various factors affecting the stock and commodities markets prior to today's Federal Open Market Committee meeting. Question #1: With unemployment rates at 50-year lows, inflation below the Federal Reserve's target, housing (bankers' major collateral) at or near record highs, and stock markets within 2% of all-time highs, why in the Lord's name i...Read More

The company intends to ramp up the mine to full capacity next quarter. Dundee Precious Metals Inc. (DPM:TSX) achieved commercial gold production at its Southern Bulgaria Krumovgrad project, from now on to be called Ada Tepe as it is known locally, it announced in a news release."Commercial production at Ada Tepe marks the beginning of a new chapter for Dundee Precious Metals, delivering significa...Read More

The goal now is to understand the entire project and its potential. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it is shifting its exploration focus at KSM this year to blind targets beneath the Sulphurets fault system. The company is sending crews to KSM for three purposes. One is to assess the possibility of additional gold-copper porphyry systems below the Sulphurets...Read More

This work is being done in advance of drilling later this summer. American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release that a CSAMT geophysical survey has begun on its Tuscarora project in Nevada. Reno-based Zonge International is conducting the study."This nonintrusive, low-impact controlled source audiofrequency magnetotellurics survey will highlight key target explor...Read More

Domestic prices for hollow steel sections in Northern and Southern Europe were unchanged this week, with market participants expecting increases in the coming weeks, sources told Fastmarkets on Wednesday June 19.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?620-640 ($695-717) per tonne delivered on Wednesday, stable week...Read More

It was the Dow's highest close since early MayThe Dow cruised to a comfortable win today, its third straight and highest close since May 3. As expected, the Fed left interest rates unchanged, and dovish post-meeting comments from Fed Chair Jerome Powell fueled speculation that a rate cut is imminent at the July meeting. Of note, the central bank removed the word "patient" from its statement, and P...Read More

Uber stock was turned away at its IPO price earlierUber Technologies Inc (NYSE:UBER) stock is trading up 1.7% at $44.61 this afternoon, heading for its third straight win. However, this rally ran out of steam earlier at $45 -- site of the ride-sharing service's initial public offering (IPO) -- and one options trader today appears to be positioning for a sharper retreat from here in the near term.U...Read More

Options traders are swarming AXTA and JBL stocksStocks are floating above breakeven, with all eyes turned towards the Fed's decision to hold rates steady. Three other stocks capturing investors' attention today arevehicle coating concern Axalta Coating Systems Ltd (NYSE:AXTA), marijuana name CannTrustHoldings Inc (NYSE:CTST), and electronic manufacturer Jabil Inc (NYSE:JBL). Here's a look at what'...Read More

SHOP shares have been on fireShopify Inc (NYSE:SHOP) is hosting its investor day today, and the event has sparked a roughly 5% move in the shares, which have hit an all-time high of $320.68. The e-commerce solutions provider unveiled new products, and its stock now sports a year-to-date lead of more than 131%. This price action has been met with accelerated call trading from options players. The t...Read More

Both names tend to struggle in the summer monthsUpbeat U.S.-China trade headlines fueled buying on Wall Street on Tuesday, lifting Chinese stocks Bilibili Inc (NASDAQ:BILI) and IQIYI Inc (NASDAQ:IQ). However, both names are down today, and, unlike cloud concern Twilio (TWLO), seasonality suggests the shares of BILI and IQ could be headed even lower -- a move some speculators have been bracing for....Read More

ENR has been in a long-term downtrendThe shares of Energizer Holdings Inc (NYSE:ENR) traded at a three-year low earlier of $38.31, and were last seen down 5.2% at $39.64, Today's move lower is the result of a downgrade to "underweight" from "neutral" at J.P. Morgan Securities, which also cut its price target to $36 from $45. The brokerage firm cited declining sell-through rates following the compa...Read More

What to expect after the quick-and-dirty rally, if past is prologueAs of the close on Monday, June 17, the S&P 500 Index (SPX) had rallied more than 5% in the course of 10 sessions, powered by trade optimism and talk of a Fed rate cut. The last time the index enjoyed such a quick-and-dirty rally was in early January, but the signals that sounded in 2018 preceded bearish stretches for the SPX in th...Read More

EU demand for passenger cars increased by 0.1% year on year in May, following eight consecutive month of decline, the European Automotive Manufacturers Association (ACEA) said this week.New car sales in Europe totalled 1,400,518 units in May 2019, compared with 1,399,398 vehicles sold in May 2018."Demand in the region was mainly driven by the Central European countries [including Poland, Roma...Read More

The Fed will announce its policy decision at 2 p.m. ETStocks are sticking to a tight trading range ahead of this afternoon's 2 p.m. ET release of the Federal Open Market Committee (FOMC) policy decision, while a subsequent press conference from Fed Chair Jerome Powell will also be in focus. While the central bank isn't expected to adjust interest rates at this month's meeting, Wall Street will be...Read More

By: Ira EpsteinGold in an overbought market challenging the high...Read More

Guggenheim initiated coverage on NETGEAR with a "buy" rating and $40 price targetThe shares of networking hardware specialist NETGEAR Inc (NASDAQ:NTGR) have been struggling on the charts lately. The security has been on a downward spiral since its post-earnings bear gap in April, and hit multi-year lows earlier this month. This recent negative price action hasn't deterred one analyst, though. Gugg...Read More

Southwest Airlines stock is trading near a number of key levels on the chartsSouthwest Airlines Co (NYSE:LUV) just announced an upwardly revised revenue per available seat mile (RASM) forecast for the second quarter, though the shares of the travel concern are slightly lower this morning at $51.07. Meanwhile, options traders will be watching the stock closely, as they have a decidedly put-skewed s...Read More

This is pacing to be ADBE's highest close since AprilThe shares of Adobe Inc (NASDAQ:ADBE) are up 3.3% to trade at $285.59 this morning, after the software name reported an adjusted fiscal second-quarter earnings beat of $1.83 per share. Adobe also reported quarterly revenue of $2.74 billion, surpassing the $2.70 billion estimate, with the company attributing the blowout report to growth in its...Read More

The brokerage firm also set a lofty price target on the Dow stockAmerican Express Company (NYSE:AXP) stock is trading near record-high territory, after Bank of America-Merrill Lynch initiated coverage with a "buy" rating and $145 price target -- a 17.5% premium to last night's close at $123.43. The brokerage firm called out several potential positive catalysts, including the lower interest rates a...Read More