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Agnico Eagle Completes Acquisition of Urastar

Thu, 16 May 2013 17:03:34 -0400

Agnico Eagle Mines Limited (NYSE: AEM) and Urastar Gold ("Urastar") jointly announce the completion of the acquisition of Urastar by Agnico Eagle. Agnico Eagle acquired all of the issued and outstanding common shares of Urastar (the "Common Shares") pursuant to a court-approved plan of arrangement under

Short Interest in Barrick Gold, Randgold Resources Surges

Fri, 10 May 2013 14:17:52 -0400

Barrick Gold (NYSE: ABX), GoldCorp (NYSE: GG) and Randgold Resources (NASDAQ: GOLD) saw big upswings in short interest between the April 15 and April 30 settlement dates.

Other gold mining companies that also saw the number of shares sold short rise in the period include

Bear of the Day: Yamana Gold (AUY) – Bear of the Day

Wed, 08 May 2013 01:45:01 -0400

Bear of the Day: Yamana Gold (AUY) - Bear of the Day

Stocks Hitting 52-Week Lows

Tue, 07 May 2013 11:48:56 -0400

Agnico-Eagle Mines (NYSE: AEM) shares fell 3.62% to touch a new 52-week low of $30.09. Agnico-Eagle Mines has a dividend yield of 2.80%.

Ecopetrol SA (NYSE: EC) shares fell 1.47% to reach a new 52-week low of $16.75. Ecopetrol's trailing-twelve-month ROA is 5.47%.

PAR Technology (NYSE:

Top 4 Mid-Cap Stocks In The Gold Industry With The Highest Revenue

Mon, 06 May 2013 04:14:30 -0400

Below are the top mid-cap gold stocks on NYSE and the NASDAQ in terms of revenue.

The trailing-twelve-month revenue at Kinross Gold (NYSE: KGC) is $4.31 billion. Kinross Gold's operating margin for the same period is 29.31%.

The trailing-twelve-month revenue at Gold Fields (NYSE: GFI) is $3.28 billion.

Stock Downgrades: Leap Wireless About to Take Big Step Back

Mon, 29 Apr 2013 10:25:00 -0400

Wall Street ratings agencies set the tone for today's stock market.

Short Interest Rises in Gold Mining Stocks

Thu, 25 Apr 2013 14:17:07 -0400

Probably not much of a surprise, but Barrick Gold (NYSE: ABX), GoldCorp (NYSE: GG) and Harmony Gold Mining (NYSE: HMY) saw big upswings in short interest between the March 28 and April 15 settlement dates.

Other gold mining companies that also saw the number

Newmont Gives 1Q13 Prelim Operational Update – Analyst Blog

Tue, 23 Apr 2013 12:40:01 -0400

Newmont has declared its preliminary gold and copper production for the first quarter 2013.

Market Wrap-Up for Apr.15 (GLD, FCX, ABX, NEM, more)

Mon, 15 Apr 2013 16:03:49 -0400

We didn’t have to look far to see what was gripping investors’ emotions in today’s session as metal prices were tumbling for much of the session. Late in the day, we heard of several explosions taking place at the Boston Marathon with some suspecting potential terrorism as the culprit. Cautious commentary pulled down shares of [...]

Einhorn Could Have a Mining ETF Problem

Mon, 15 Apr 2013 13:20:36 -0400

Last week, when shares of J.C. Penney (NYSE: JCP) plunged and rumors about Herbalife (NYSE: HLF) going private surfaced, plenty of folks vilified Bill Ackman's Pershing Square Capital due to the hedge fund's positions in those stocks.

Those who enjoy highlighting hedge fund manager trades gone awry

Bear of the Day: Agnico-Eagle Mines (AEM) – Bear of the Day

Wed, 03 Apr 2013 06:53:01 -0400

Bear of the Day: Agnico-Eagle Mines (AEM) - Bear of the Day

Zacks Rank #5 Additions for Tuesday – Tale of the Tape

Tue, 02 Apr 2013 09:44:01 -0400

Here are 5 stocks added to the Zacks Rank #5 ("strong sell") List for Tuesday

IAMGOLD’s Westwood Plant On Stream – Analyst Blog

Tue, 26 Mar 2013 12:10:01 -0400

IAMGOLD has declared the start up of its gold processing plant at the Westwood Mine in Quebec.

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, IGV, MOO, GDX, GS, JPM, WFC, MA, V, BAC, GOLD, AEM, NEM, CF, AGU, MOS, MON, CRM, VMW, INTU, SAP

Mon, 18 Mar 2013 01:27:05 -0400

Last weekend, in my Market Forecast, I said, "For the new week, it looks like Nasdaq’s daily MAs are just about to enter into a new bullish phase. The Dow (not shown here) is actually the furthest along, technically. SPX is also showing a new bullish phase. Technically speaking, Nasdaq is lagging. Financials have been [...]

Zacks Rank #5 Additions for Thursday – Tale of the Tape

Thu, 21 Feb 2013 08:44:01 -0500

Here are 5 stocks added to the Zacks Rank #5 ("strong sell") List for Thursday

Market Wrap-Up for Feb.11 (AAPL, WFC, NKE, USB, NEM, more)

Mon, 11 Feb 2013 16:35:54 -0500

It was a somewhat sluggish start to the new week as the markets try and maintain their 2013 weekly winning streak. For anyone who likes to make money on the short side of the market, the overbought nature of stocks has not been a good enough reason to keep drawing lines in the sand. As [...]

Agnico-Eagle Selects Q9 Networks – Analyst Blog

Mon, 28 Jan 2013 17:50:01 -0500

Agnico-Eagle Selects Q9 Networks to support its critical IT systems.

(IMF) Machinery Industry Stock Outlook – January 2013 – Industry Outlook

Fri, 25 Jan 2013 10:12:48 -0500

A world economic recovery, as witnessed from equity market improvements of the lows experienced...

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CIBC Says Agnico-Eagle Best Positioned Miner Ahead of Q4 Earnings, Sees Iamgold Having 'No Room for Error'

Fri, 11 Jan 2013 13:34:30 -0500

According to CIBC analyst Alec Kodatsky, Agnico-Eagle Mines Ltd. (NYSE: AEM) is best positioned to beat Q4 estimates. Kodatsky believes Kinross Gold Corp (NYSE: KGC), New Gold Inc (NYSE: NGD), and Yamana Gold Inc (NYSE: AUY) also appear well positioned to meet

O’Brien Named Senior Vice President for AEM

Thu, 10 Jan 2013 11:55:23 -0500

The Association of Equipment Manufacturers (AEM) has named Charlie O’Brien as senior vice president in recognition of his expanded leadership responsibilities for the association. These include activities under AEM’s new strategic plan, initiated in 2012, to better serve all members’ … Continue reading →

The Path to $20,000 Gold

Tue, 08 Jan 2013 08:30:56 -0500

The global monetary system rests on a fragile foundation of trust. Thanks to the actions of central banks, pressure on the system will keep growing. Paper U.S. dollars sit at the heart of the global monetary system. Dollars are liabilities of the Federal Reserve. Just as houses are collateral for mortgages, Treasuries and mortgage bonds are collateral for U.S. dollars. A central bank’s balance sheet is essentially a self-reinforcing feedback loop: Government bonds are the [...]

The Path to $20,000 Gold appeared in the Daily Reckoning. Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter.

Agnico-Eagle Hikes Dividend – Analyst Blog

Thu, 13 Dec 2012 16:35:01 -0500

Agnico-Eagle Mines Limited announced that its board of directors has approved a 10% hike in its regular quarterly cash dividend to 22 cents per share.

Dividend Payout Changes for Dec.12

Wed, 12 Dec 2012 18:20:08 -0500

The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Agnico-Eagle Mines (AEM) has raised its annual dividend payout from $.80 to $.88. The new dividend yield, based on today’s closing stock price of $54.30, is 1.62%. AEM is not a “Recommended” stock at this time, holding a Dividend.com Rating [...]

Neutral on Agnico-Eagle – Analyst Blog

Mon, 03 Dec 2012 16:20:01 -0500

We are retaining our Neutral recommendation on gold miner Agnico-Eagle.

Probe Mines Agrees to Sell Goldex Royalty Interest to Agnico-Eagle for $18M

Fri, 23 Nov 2012 09:55:07 -0500

Probe Mines Limited is pleased to announce that it has sold its 5% Net Smelter Royalty on a portion of the Goldex Mine to Agnico-Eagle Mines Limited (NYSE: AEM) for total consideration of $18.0 million. (c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Hot Option Plays: Stock Market Averages Are Holding Gains

Mon, 19 Nov 2012 15:18:01 -0500

Cusick’s Corner 11-19-2012 With the market firming and the upside bias from Friday holding, stocks have something to smile about in the short -term this shortened, holiday week. The NASDAQ, QQQ, and the S&Ps, SPY, have both held critical levels and technically are showing some strength after a rough sell off in the last couple [...]

Impressive 3Q from Agnico-Eagle – Analyst Blog

Tue, 30 Oct 2012 10:20:01 -0400

Agnico-Eagle Mines Limited's third-quarter 2012 adjusted earnings (excluding one-time items other than stock-based compensation expenses) of 63 cents per share outpaced the Zacks Consensus Estimate of 40 cents.

Metals & Mining Stock Outlook – Oct. 2012 – Industry Outlook

Thu, 11 Oct 2012 14:46:01 -0400

The synchronized global economic slowdown is the biggest headwind for the metals space overall at present.

Metals & Mining Stock Outlook – Oct. 2012 – Industry Outlook

Thu, 11 Oct 2012 01:00:01 -0400

Metals & Mining Stock Outlook - Oct. 2012 - Industry Outlook

Metals & Mining Stock Outlook – Oct. 2012 – Zacks Analyst Interviews

Thu, 11 Oct 2012 01:00:01 -0400

Metals & Mining Stock Outlook - Oct. 2012 - Zacks Analyst Interviews

(AEM) Machinery Stock Outlook – September 2012 – Industry Outlook

Fri, 28 Sep 2012 11:42:10 -0400

A world economic recovery, as seen from equity market improvements off the lows experienced since...

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Agnico-Eagle Reaffirmed at Neutral – Analyst Blog

Tue, 11 Sep 2012 17:36:01 -0400

We are retaining our Neutral recommendation on Agnico-Eagle.

AFBF and NFU Heads to MC Farm Bill Now Rally

Tue, 11 Sep 2012 13:08:43 -0400

Two agricultural organizations that are often on opposite sides of the fence when it comes to policy will be the leaders of this week’s Farm Bill Now rally in the nation’s capitol. The presidents of the American Farm Bureau Federation … Continue reading →

Dividend Highlights/Lowlights for Sept. 4

Tue, 04 Sep 2012 16:36:22 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Agnico-Eagle Mines (AEM) – up 5% Newmont Mining (NEM) – up 4% Freeport McMoran (FCX) – up 4% Corning Inc. (GLW) – up 3% Joy Global Inc. (JOY) – up 3% Lowlights Blackstone Group L.P. [...]

Dividend Highlights/Lowlights for Aug. 31

Fri, 31 Aug 2012 16:35:47 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Agnico-Eagle Mines (AEM) – up 5% Newmont Mining (NEM) – up 4% Freeport McMoran (FCX) – up 4% Credit Suisse Group (CS) – up 4% Corning Inc. (GLW) – up 3% Lowlights Blackstone Group L.P. [...]

Farm Bill Now Coalition at FPS

Tue, 28 Aug 2012 23:22:01 -0400

As the Farm Progress Show kicked off in Boone, Iowa, representatives from several of the more than 45 organizations that make up the Farm Bill Now coalition spoke out to urge Congress to finish work on new agricultural policy legislation … Continue reading →

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GDX, IGV, XRT, GS, WFC, JPM, RGLD, AEM, GOLD, NEM, CRM, VMW, FFIV, KORS, EXPR, GES, RL, TIF, PVH

Mon, 27 Aug 2012 00:23:30 -0400

Last weekend, in my Market Forecast, we discussed: "For the new week, the market might get a slow start once again. Thursday and Friday’s gains have pushed a lot of charts into the "toppy" area. A little pullback could be healthy, although I suspect things might be mixed as there will be sideliners looking to [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GDX, XRT, XLF, MOO, CF, AGU, POT, MOS, MON, GS, WFC, JPM, BAC, AIG, RL, LULU, GPS, KORS, AAPL, GOLD, AEM

Mon, 20 Aug 2012 00:14:55 -0400

Last weekend, in my Market Forecast, I said: "For the new week, the market may get a slow start. After stuttering for 3 days, this market is ready for a bigger move up, although it may need to slip back a bit. Upper resistance is still at 1420. If the market does slip back, support [...]

Agnico Eagle Mines (AEM) Sees Heavy Option Trading with Stock Trading Up 0.7%

Fri, 17 Aug 2012 12:41:21 -0400

Agnico Eagle Mines (NYSE: AEM) opened at $45.93. So far today, the stock has hit a low of $45.40 and a high of $46.26. AEM is now trading at $46.20, up $0.31 (...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Cheap Gold Mining Stocks From Excellent First Eagle Gold Fund

Tue, 17 Jul 2012 12:39:33 -0400

By MyPlanIQ:

Gold mining stocks have dropped dramatically recently. In the latest gold bull market, gold mining stocks have not enjoyed the same ride as the spot gold price. They are getting very cheap.

First Eagle Gold Fund (FEGIX) is one of the most reputable gold funds that is managed...

Excellent Gold Mining Mutual Funds Out Performed Gold Mining ETFs By Miles

Mon, 16 Jul 2012 14:01:16 -0400

Gold mining stocks have been really cheap recently. Buying gold mining companies’ stocks is a way to leverage gold price strength. It is essentially a leverage play, mostly because companies finance their operations through debts (thus leverages). So when the underlying commodities (such as gold) experience strong demand, these commodity producers will enjoy their strong [...]

(IMF) Machinery Stock Outlook – June 2012 – Industry Outlook

Mon, 02 Jul 2012 13:18:25 -0400

A world economic recovery, as seen from equity market improvements off the lows experienced since...

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Dividend Highlights and Lowlights for June 26

Tue, 26 Jun 2012 17:29:30 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights News Corp (NWSA) – up 8% Best Buy (BBY) – up 5% Mosaic (MOS) – up 4% Seagate Technology (STX) – up 4% Potash Corp (POT) – up 4% Lowlights Agnico-Eagle Mines (AEM) – down [...]

Market Wrap-Up for June 26 (HSY, JPM, NEM, DOW, BBY, more)

Tue, 26 Jun 2012 16:13:26 -0400

The market was looking to rebound after a tough first day of the week yesterday. We didn’t get much of a catalyst coming from the markets overseas however, but we did manage to close the indices higher at the end of the day. Looking at today’s headline names, positive Wall Street analyst comments had shares [...]

Dividend Highlights and Lowlights for June 25

Mon, 25 Jun 2012 16:42:50 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Teva Pharmaceuticals (TEVA) – up 5% Agnico-Eagle Mines (AEM) – up 4% CF Industries (CF) – up 3% Potash Corp (POT) – up 2% Wal-Mart Stores (WMT) – up 1% Lowlights Petroleo Brasileiro (PBR) – [...]

(MT) Metals & Mining Stock Outlook – June 2012 – Industry Outlook

Sun, 24 Jun 2012 14:20:14 -0400

The Metals & Mining industry encompasses the extraction (mining) as well as primary and...

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(IMF) Machinery Stock Outlook – June 2012 – Zacks Analyst Interviews

Fri, 08 Jun 2012 01:31:48 -0400

A world economic recovery, as seen from equity market improvements off the lows experienced since...

Visit StockBlogHub to view complete post.

Market Wrap-Up for May 30 (DB, C, GS, DRI, CVX, more)

Wed, 30 May 2012 16:04:58 -0400

Yesterday’s rally seemed like a distant memory today as continuing concerns surrounding Europe’s debt and the Spanish banking crisis linger. Several economic data points here in the U.S. this morning also weighed on the markets. Visa (V) reporting lower payment volume in April surprised some analysts. Also, pending home sales data showed the biggest drop [...]

Agnico-Eagle Mines Downgraded to “Hold” at Dahlman Rose (AEM)

Wed, 30 May 2012 08:51:41 -0400

Gold producer Agnico-Eagle Mines Limited (AEM) on Wednesday caught a big downgrade from analysts at Dahlman Rose & Company. The firm said it cut its rating on AEM from “Buy” to “Hold,” noting that “Despite 2011 complications, we believe the market has regained confidence in current operations and future growth prospects. We believe shares now [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XLE, GLD, GDX, DO, SLB, RIG, NOV, MA, V, CME, ICE, GOLD, AEM, NEM

Mon, 28 May 2012 23:14:11 -0400

Happy Memorial Day! Last weekend, in my Market Forecats, I said, "For the new week, this market could see a "relief rally" early in the week. But, a relief rally often doesn’t last. Therefore, depending on how high the market bounces, we may see another down draft later in the week, unless there are positive [...]