All three stocks went public last monthToday we're going to be looking at three bullish analyst notes out of the healthcare sector. More specifically, Twist Bioscience Corp (NASDAQ:TWST), Axonics Modulation Technologies Inc (NASDAQ:AXNX), and Orchard Therapeutics (NASDAQ:ORTX) all received upbeat attention from the brokerage community, so we'll check in on shares of TWST, AXNX, and ORTX below. Let...Read More
Chile's state development agency Corfo plans to file an arbitration suit against US lithium miner Albemarle in two weeks, claiming the world's No.1 producer of the white commodity has failed to adhere to the terms of a contract dating back to 2016.Such document says Albemarle must provide as much as 25% of its annual production at a discount (or "preferential price") to companies seeking to produc...Read More
Commodity bull Goldman Sachs Group Inc. is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week's G-20 meeting in Buenos Aires as a potential turning point."Given the size of dislocations in commodity pricing relative to fundamentals - with oil now having joined metals...Read More
Commodity bull Goldman Sachs Group Inc. is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week's G-20 meeting in Buenos Aires as a potential turning point."Given the size of dislocations in commodity pricing relative to fundamentals - with oil now having joined metals...Read More
MELBOURNE - A hive of mine exploration activity is underway in a remote corner of Western Australia's Great Sandy Desert, led by Rio Tinto Ltd , which has boosted its holdings 10-fold in the little explored Paterson province in the past year.Rio's interest in the area - flagged by its application for nearly 30 exploration licenses - has sparked a stampede into adjacent lots by other explorers, who...Read More
MELBOURNE - A hive of mine exploration activity is underway in a remote corner of Western Australia's Great Sandy Desert, led by Rio Tinto Ltd , which has boosted its holdings 10-fold in the little explored Paterson province in the past year.Rio's interest in the area - flagged by its application for nearly 30 exploration licenses - has sparked a stampede into adjacent lots by other explorers, who...Read More
MELBOURNE - A hive of mine exploration activity is underway in a remote corner of Western Australia's Great Sandy Desert, led by Rio Tinto Ltd , which has boosted its holdings 10-fold in the little explored Paterson province in the past year.Rio's interest in the area - flagged by its application for nearly 30 exploration licenses - has sparked a stampede into adjacent lots by other explorers, who...Read More
The brokerage firm said the stock is attractive at current levelsDeutsche Bank upgraded American Eagle Outfitters (NYSE:AEO) to "buy" from "hold," saying the retail stock is attractive at current levels. AEO stock closed last week at $19.54, but is up 5.5% this morning at $20.62.This upbeat outlook just echoes the broader sentiment seen among the brokerage bunch, with nearly all of the 12 analysts...Read More
Mr. Steve Fray reportsGOLDMONEY INC. ANNOUNCES UPDATE OF DISTRIBUTION OF MENE INC. (TSXV:MENE)Goldmoney Inc. has provided an update on the pro rata distribution of Mene Inc. Class B subordinate voting shares to Goldmoney shareholders, as previously announced on Nov. 14, 2018. The details of the distribution are summarized in the attached table.IssuerGoldmoney Inc.SecurityCommon shares Issuer's sym...Read More
Mr. Steve Fray reportsGOLDMONEY INC. ANNOUNCES UPDATE OF DISTRIBUTION OF MENE INC. (TSXV:MENE)Goldmoney Inc. has provided an update on the pro rata distribution of Mene Inc. Class B subordinate voting shares to Goldmoney shareholders, as previously announced on Nov. 14, 2018. The details of the distribution are summarized in the attached table.IssuerGoldmoney Inc.SecurityCommon shares Issuer's sym...Read More
CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More
CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More
CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More
CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More
Retail stocks will be in focus as Black Friday data rolls inStock futures are signaling a positive open today, as U.S. markets try to bounce back from last week's heavy selling. The Dow Jones Industrial Average (DJIA) is set to open up more than 200 points, and the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing strong starts, too, thanks to pre-market gains from tech stocks.The retail a...Read More
What to make of a critical S&P trendline break"I like to keep unpopular but significant moving averages on my radar... One moving average that I have used is the 80-week moving average... It is off the radar of many, if not most, market participants. However, it has had an uncanny knack for signaling poor future price action on breakdowns, while also marking support during various market drawdowns...Read More
Mr. Ivan Bebek reportsAURYN IDENTIFIES MULTIPLE COPPER-GOLD DRILL TARGETS AT SOMBREROAuryn Resources Inc. has identified several kilometre-scale targets under copper-gold surface mineralization at its Sombrero project in southern Peru.The targets identified tend to begin at surface and can continue to a depth of 600 metres, representing more than one substantial opportunity for skarn and porphyry...Read More
Mr. Ivan Bebek reportsAURYN IDENTIFIES MULTIPLE COPPER-GOLD DRILL TARGETS AT SOMBREROAuryn Resources Inc. has identified several kilometre-scale targets under copper-gold surface mineralization at its Sombrero project in southern Peru.The targets identified tend to begin at surface and can continue to a depth of 600 metres, representing more than one substantial opportunity for skarn and porphyry...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD CLOSES $14.0 MILLION PRIVATE PLACEMENTSeabridge Gold Inc. has closed its previously announced non-brokered private placement of one million common shares of the company at a price of $14 per share for gross proceeds of $14-million. No commissions were payable on this transaction. The proceeds from the financing will be used to finance general working capital re...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD CLOSES $14.0 MILLION PRIVATE PLACEMENTSeabridge Gold Inc. has closed its previously announced non-brokered private placement of one million common shares of the company at a price of $14 per share for gross proceeds of $14-million. No commissions were payable on this transaction. The proceeds from the financing will be used to finance general working capital re...Read More