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ABX

Barrick Gold

$17.39

-0.33 (-1.86%)

, NEM

Newmont Mining

$38.10

-1.19 (-3.03%)

08:38
10/04/16
10/04
08:38
10/04/16
08:38

Gold miners slip as gold drops below $1,300 per ounce

Shares of a number of gold miners' stocks, including Barrick Gold (ABX), Newmont Mining (NEM), Agnico Eagle (AEM), Kinross Gold (KGC) and Royal Gold (RGLD), are trading lower this morning as gold prices fall below $1,300 per ounce to hit their lowest level since late June.

ABX

Barrick Gold

$17.39

-0.33 (-1.86%)

NEM

Newmont Mining

$38.10

-1.19 (-3.03%)

AEM

Agnico Eagle

$52.77

-1.41 (-2.60%)

KGC

Kinross Gold

$4.12

-0.09 (-2.14%)

RGLD

Royal Gold

$75.49

-1.94 (-2.51%)

  • 27

    Oct

  • 27

    Oct

  • 27

    Oct

  • 03

    Nov

ABX Barrick Gold
$17.39

-0.33 (-1.86%)

09/07/16
09/07/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Navistar (NAV) initiated with a Hold at Deutsche Bank. 2. Barrick Gold (ABX) initiated with a Sell at Berenberg while the firm initiated Randgold (GOLD), Kinross Gold (KGC), and Goldcorp (GG) with a Hold. 3. 3. After the close on Tuesday, Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." Oshkosh (OSK), Caterpillar (CAT), and Wabtec (WAB) were initiated with Buy ratings at Deutsche Bank, while the firm initiated Cummins (CMI) and CNH Industrial (CNHI) with Sell ratings. The firm also initiated Deere (DE), AGCO (AGCO), Terex (TEX), PACCAR (PCAR), WABCO (WBC), and United Rentals (URI) with Hold ratings. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick Gold upgraded to Buy from Hold at Deutsche Bank
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick, Freeport, Pan American upgraded to Buy at Deutsche Bank
Deutsche Bank analyst Jorge Beristain noted that while commodity prices rallied in Q3 Metals & Mining companies continued to get their "financial houses in order" and he expects the trend to continue for the next few quarters. The analyst, who recommends investing in non-integrated companies as well as building Precious exposure, is upgrading several stocks in the sector, including Barrick Gold (ABX), Freeport McMoRan (FCX), Pan American Silver (PAAS), all to Buy from Hold. The analyst also upgraded a number of others in the sector to Hold from Sell this morning.
10/03/16
10/03/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Dow Chemical (DOW) and DuPont (DD) were upgraded to Buy from Neutral at Citi with analyst P.J. Juvekar citing he opportunity presented by the proposed merger. 2. Freeport McMoRan (FCX), Barrick Gold (ABX), and Pan American Silver (PAAS) were upgraded to Buy from Hold at Deutsche Bank. 3. LogMeln (LOGM) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying the pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." 4. Halliburton (HAL) upgraded to Buy from Hold at Societe General. 5. Coty (COTY) upgraded to Buy from Neutral at BofA/Merrill with analyst Olivia Tong saying she believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NEM Newmont Mining
$38.10

-1.19 (-3.03%)

05/11/16
GSCO
05/11/16
UPGRADE
Target $36
GSCO
Buy
Newmont Mining upgraded to Buy from Neutral at Goldman
Goldman analysts led by Andrew Quail upgraded Newmont Mining to Buy and raised his price target to $36 from $23.30. The analyst said Merian organic growth is now less than 6 months away and there is a possible Indonesia asset sale on the horizon. Quail believes Newmont is well positioned to outperform given his revised gold price deck that was lifted by 10-15% over the next three years, and for 2017, raised the average to $1,150/oz from $1,000/oz.
06/02/16
JEFF
06/02/16
DOWNGRADE
Target $33
JEFF
Hold
Newmont Mining downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher LaFemina downgraded Newmont Mining to Hold citing valuation, near-term gold price risk, potential U.S. interest rate increase headwinds and a lack of positive catalysts. The analyst lowered his price target for the shares to $33 from $38.
08/09/16
MSCO
08/09/16
INITIATION
Target $41
MSCO
Equal Weight
Newmont Mining initiated with an Equal Weight at Morgan Stanley
Target $41.
08/02/16
SBSH
08/02/16
INITIATION
Target $51
SBSH
Buy
Newmont Mining initiated with a Buy at Citi
Citi analyst Alexander Hacking started Newmont Mining with a Buy rating and $51 price target.
AEM Agnico Eagle
$52.77

-1.41 (-2.60%)

08/08/16
RBCM
08/08/16
DOWNGRADE
RBCM
Sector Perform
Agnico Eagle downgraded on valuation at RBC Capital
As noted earlier, RBC Capital downgraded Agnico to Sector Perform from Outperform. Analyst Stephen Walker downgraded the stock based on valuation. Target to $67 from $65.
08/08/16
RBCM
08/08/16
DOWNGRADE
RBCM
Sector Perform
Agnico Eagle downgraded to Sector Perform from Outperform at RBC Capital
08/02/16
SBSH
08/02/16
INITIATION
Target $44
SBSH
Sell
Agnico Eagle initiated with a Sell at Citi
Citi analyst Alexander Hacking started Agnico Eagle with a Sell rating and $44 price target. The valuation is "excessive" at current levels, the analyst contends.
07/14/16
DUND
07/14/16
DOWNGRADE
DUND
Neutral
Agnico Eagle downgraded to Neutral from Buy at Dundee
KGC Kinross Gold
$4.12

-0.09 (-2.14%)

08/02/16
SBSH
08/02/16
INITIATION
Target $5.5
SBSH
Neutral
Kinross Gold initiated with a Neutral at Citi
Citi analyst Alexander Hacking started Kinross Gold with a Neutral rating and $5.50 price target.
09/07/16
BREN
09/07/16
INITIATION
Target $4.6
BREN
Hold
Kinross Gold initiated with a Hold at Berenberg
Berenberg analyst Yuriy Vlasov initiated Kinross Gold with a Hold and $4.60 price target.
07/14/16
JEFF
07/14/16
UPGRADE
Target $6
JEFF
Hold
Kinross Gold upgraded to Hold from Underperform at Jefferies
Jefferies analyst Christopher LaFemina upgraded Kinross Gold (KGC) to Hold after his firm increased its gold price forecasts to reflect ongoing elevated macro risk. Investment demand should support the gold price to a near-term peak of at least $1,400/oz, LaFemina tells investors in a research note. He raised his price target for Kinross shares to $6 from $4. LaFemina this morning also upgraded Barrick Gold (ABX) and Randgold Resources (GOLD) to Buy.
RGLD Royal Gold
$75.49

-1.94 (-2.51%)

07/06/16
MACQ
07/06/16
INITIATION
Target $85
MACQ
Outperform
Royal Gold initiated with an Outperform at Macquarie
Target $85.
07/06/16
07/06/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. TASER (TASR) upgraded to Buy from Neutral at CL King with analyst George Godfrey citing strong organic growth, a leading position in body cameras, low international market exposure, accelerating earnings growth and margin expansion, and weapons segment opportunity growth. 2. Sony (SNE) upgraded to Buy from Hold at Deutsche Bank with analyst Hiroshi Taguchi saying the company's shipment growth will likely exceed expectations. 3. U.S. Steel (X) upgraded to Hold from Sell at Deutsche Bank with analyst Jorge Beristain citing his firm's improved steel price outlook as well as the company's' balance sheet refinancing. 4. SunPower (SPWR) upgraded to Buy from Neutral at UBS with Julien Dumoulin-Smith citing valuation, a strong technology track record and product development, early indications that utility scale margins are proving more intact versus expectations, and a solid balance sheet. 5. Royal Gold (RGLD) upgraded to Outperform from Market Perform at Raymond James and to Buy from Neutral at Dundee. Raymond James analyst Phil Russo upgraded Royal Gold to Outperform and increased his price target to $85 from $72 following amended terms at Mt Milligan with new operator Centerra Gold. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/16
07/06/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with a Buy at Longbow. 2. Galmed (GLMD) coverage resumed with a Buy at Roth Capital. 3. Kite Pharma (KITE) and Juno Therapeutics (JUNO) initiated with an Equal Weight at Barclays. 4. Nautilus (NLS) initiated with an Outperform at Imperial Capital. 5. Royal Gold (RGLD) initiated with an Outperform at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/16
BMOC
07/06/16
UPGRADE
BMOC
Outperform
Royal Gold upgraded to Outperform from Market Perform at BMO Capital

TODAY'S FREE FLY STORIES

MS

Morgan Stanley

$55.35

0.75 (1.37%)

, BK

BNY Mellon

$57.89

0.35 (0.61%)

20:25
01/17/18
01/17
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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MS

Morgan Stanley

$55.35

0.75 (1.37%)

BK

BNY Mellon

$57.89

0.35 (0.61%)

BBT

BB&T

$53.28

0.2 (0.38%)

PPG

PPG

$114.50

-2.14 (-1.83%)

MTB

M&T Bank

$179.21

1.43 (0.80%)

KEY

KeyCorp

$21.26

-0.06 (-0.28%)

JBHT

J.B. Hunt

$120.65

0.01 (0.01%)

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ARNA

Arena Pharmaceuticals

$34.36

0.48 (1.42%)

20:24
01/17/18
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20:24
Initiation
Arena Pharmaceuticals initiated  »

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ROSE

Rosehill Resources

$7.96

0.01 (0.13%)

20:12
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01/17
20:12
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20:12
Initiation
Rosehill Resources initiated  »

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COP

ConocoPhillips

20:10
01/17/18
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20:10
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20:10
Initiation
ConocoPhillips initiated  »

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  • 01

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HES

Hess Corp.

$54.02

0.48 (0.90%)

20:10
01/17/18
01/17
20:10
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20:10
Initiation
Hess Corp. initiated  »

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  • 05

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OXY

Occidental Petroleum

$75.86

0.59 (0.78%)

20:10
01/17/18
01/17
20:10
01/17/18
20:10
Initiation
Occidental Petroleum initiated  »

Occidental Petroleum…

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  • 14

    Feb

JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

19:53
01/17/18
01/17
19:53
01/17/18
19:53
Downgrade
Juno Therapeutics rating change  »

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WP

Worldpay

$77.89

-0.37 (-0.47%)

19:52
01/17/18
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19:52
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19:52
Upgrade
Worldpay rating change  »

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FRAC

Keane Group

$18.51

0.63 (3.52%)

19:52
01/17/18
01/17
19:52
01/17/18
19:52
Syndicate
Keane Group 13.3M share Secondary priced at $18.25 »

The deal size was…

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  • 18

    Jan

BOOT

Boot Barn

$18.00

-1.1 (-5.76%)

19:50
01/17/18
01/17
19:50
01/17/18
19:50
Syndicate
Boot Barn 6M share Secondary priced at $17.25 »

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  • 18

    Jan

PGH

Pengrowth Energy

$0.82

-0.0076 (-0.92%)

19:27
01/17/18
01/17
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19:27
Hot Stocks
Pengrowth Energy announces $65M 2018 capital budget »

Pengrowth Energy…

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INTC

Intel

$44.39

1.25 (2.90%)

19:24
01/17/18
01/17
19:24
01/17/18
19:24
Hot Stocks
Intel says issued firmware updates for 90% of CPUs in past vie years »

Intel said it has made…

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  • 17

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    Jan

OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

19:21
01/17/18
01/17
19:21
01/17/18
19:21
Hot Stocks
Obsidian Energy says willing to work with FrontFour on board views »

Obsidian Energy confirmed…

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TOSBF

Toshiba, also use TOSYY

, TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

19:11
01/17/18
01/17
19:11
01/17/18
19:11
Periodicals
Toshiba's Westinghouse to forgo bankruptcy, Reuters reports »

Westinghouse Electric…

TOSBF

Toshiba, also use TOSYY

TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

BAM

Brookfield

$43.10

0.42 (0.98%)

03/08/13
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RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

, RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

19:02
01/17/18
01/17
19:02
01/17/18
19:02
Periodicals
Shell, BP each agree to purchase Libyan oil, Bloomberg reports »

Royal Dutch Shell (RDS.A)…

RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

BP

BP

$42.88

0.42 (0.99%)

03/08/13
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  • 18

    Jan

AAPL

Apple

$179.10

2.91 (1.65%)

18:31
01/17/18
01/17
18:31
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18:31
Hot Stocks
Trump says Apple investments 'huge win for American workers' »

President Donald Trump…

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  • 01

    Feb

MPVD

Mountain Province Diamonds

$2.83

0.075 (2.73%)

18:22
01/17/18
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18:22
Hot Stocks
Mountain Province Diamonds provides update on Gahcho Kue Mine exploration »

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WAC

Walter Investment

$0.76

0.0347 (4.81%)

18:17
01/17/18
01/17
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18:17
Hot Stocks
Walter Investment prepackaged Chapter 11 plan approved by court »

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TM

Toyota

$140.72

2.75 (1.99%)

, KBSTY

Kobe Steel

18:10
01/17/18
01/17
18:10
01/17/18
18:10
Periodicals
Toyota not affected by Kobe Steel false data scandal, Nikkei reports »

Toyota (TM) said there…

TM

Toyota

$140.72

2.75 (1.99%)

KBSTY

Kobe Steel

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CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

, BTC

Bitcoin

17:47
01/17/18
01/17
17:47
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17:47
Hot Stocks
Cboe conducts first settlement of Cboe bitcoin futures »

Cboe Global Markets…

CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

BTC

Bitcoin

BITCOIN

Bitcoin

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  • 09

    Feb

GWRE

Guidewire

$75.64

0.19 (0.25%)

17:46
01/17/18
01/17
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17:46
Hot Stocks
Guidewire director sells 6,000 common shares »

In a regulatory filing,…

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AAPL

Apple

$179.10

2.91 (1.65%)

17:40
01/17/18
01/17
17:40
01/17/18
17:40
Recommendations
Apple analyst commentary at Piper Jaffray »

Apple cash repatriation…

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  • 01

    Feb

OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

17:36
01/17/18
01/17
17:36
01/17/18
17:36
Hot Stocks
Breaking Hot Stocks news story on Obsidian Energy »

FrontFour reports 5.7%…

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03/06/13
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SN

Sanchez Energy

$5.81

0.16 (2.83%)

17:33
01/17/18
01/17
17:33
01/17/18
17:33
Hot Stocks
Breaking Hot Stocks news story on Sanchez Energy »

Sanchez Energy sees Q1…

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  • 15

    May

SN

Sanchez Energy

$5.81

0.16 (2.83%)

17:32
01/17/18
01/17
17:32
01/17/18
17:32
Hot Stocks
Sanchez Energy sees FY18 capital budget of $420M-$470M »

Sanchez Energy 2018…

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03/06/13
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  • 15

    May

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