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GOLD

Randgold

$88.25

1 (1.15%)

04:51
10/10/16
10/10
04:51
10/10/16
04:51

Randgold continues to engage to resolve tax issues in Mali

Randgold Resources said it was disappointed that the Malian government had escalated their long-running tax dispute to the extent of closing the group's offices in the country's capital Bamako. The closure does not affect the operations of its three mines in Mali. As Randgold has previously disclosed, most recently in its August 2016 quarterly report, it has been professionally advised that a large proportion of the tax claims received from the state of Mali in respect of its operations in that country are without merit or foundation. Following the appropriate legal process, it is strongly defending its position in relation to these claims. The company pointed out that the Morila, Loulo and Gounkoto operations, each have legally binding establishment conventions which guarantee fiscal stability, govern the taxes applicable to the companies and allow for international arbitration in the event a dispute cannot be amicably resolved. It noted that the International Center for Settlement of Investment Disputes had recently awarded $29.2M plus costs to Loulo for taxes found by the tribunal to have been wrongfully collected by the Malian government.

GOLD Randgold
$88.25

1 (1.15%)

09/07/16
BREN
09/07/16
INITIATION
BREN
Hold
Randgold initiated with a Hold at Berenberg
Price target 7,190p.
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.
09/09/16
UBSW
09/09/16
UPGRADE
UBSW
Buy
Randgold upgraded to Buy from Neutral at UBS
UBS upgraded Randgold to Buy citing the recent pullback in the shares and the potential for a dividend raise in 2017.
09/09/16
09/09/16
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. Chesapeake (CHK) upgraded to Buy from Hold at Wunderlich with analyst Jason Wangler saying the company's assets are performing and its balance sheet is improving. 2. GameStop (GME) upgraded to Buy from Neutral at Hilliard Lyons. 3. Finisar (FNSR) upgraded to Buy from Neutral at MKM Partners with analyst Michael Genovese saying he is "extremely upbeat on the Optical components/module industry," and Chinese demand for 10G and 100G Optical modules appears it can stay strong for multiple years. 4. Randgold (GOLD) upgraded to Buy from Neutral at UBS with the firm citing the recent pullback in the shares and the potential for a dividend raise in 2017. 5. Teekay LNG (TGP) upgraded to Outperform from Market Perform at Wells Fargo analyst Michael Webber saying the discount to net asset value and the company's progress around financing its order book make the valuation "particularly compelling." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

DLB

Dolby

$65.35

1.06 (1.65%)

06:29
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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$144.75

-0.25 (-0.17%)

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C

Citi

$76.84

1.28 (1.69%)

06:28
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Citi results likely 'overwhelmed' by $20B charge due to tax overhaul, WSJ says »

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JPM

JPMorgan

$112.67

1.83 (1.65%)

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Hot Stocks
JPMorgan reports December net credit losses 2.43% vs. 2.36% last month »

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$4.74

0.01 (0.21%)

06:27
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Technical Analysis
VelocityShares Daily 2x VIX Short-Term ETN: Pivot points, pivot low broken »

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INNV

Innovus Pharmaceuticals

06:27
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Hot Stocks
Innovus Pharmaceuticals' hemorrhoid drug Xyralid approved in Canada »

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SVXY

ProShares Short VIX Short-Term Futures

$138.19

-0.02 (-0.01%)

06:26
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points, pivot high broken »

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TYL

Tyler Technologies

$187.95

0.06 (0.03%)

06:25
01/16/18
01/16
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Recommendations
Tyler Technologies analyst commentary  »

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  • 17

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FCAU

Fiat Chrysler

$23.39

-0.03 (-0.13%)

06:25
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Periodicals
Fiat Chrysler's Marchionne says new CEO to be named this year, AP reports »

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NFLX

Netflix

$221.23

3.99 (1.84%)

, NTDOY

Nintendo

$50.40

0.69 (1.39%)

06:25
01/16/18
01/16
06:25
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06:25
Periodicals
Netflix 'exploring' possibility of launching on Nintendo Switch, Polygon says »

In a statement sent to…

NFLX

Netflix

$221.23

3.99 (1.84%)

NTDOY

Nintendo

$50.40

0.69 (1.39%)

03/08/13
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USO

United States Oil Fund

$12.87

0.17 (1.34%)

06:24
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01/16
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Technical Analysis
United States Oil Fund: Pivot points »

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XOP

SPDR Oil Exploration and Production Fund

$39.72

0.32 (0.81%)

06:23
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01/16
06:23
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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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NOW

ServiceNow

$138.19

0.61 (0.44%)

06:23
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01/16
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    Jan

BBY

Best Buy

$73.25

1.54 (2.15%)

, WMT

Walmart

$100.87

0.85 (0.85%)

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Recommendations
Best Buy, Walmart, Sears analyst commentary  »

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Best Buy

$73.25

1.54 (2.15%)

WMT

Walmart

$100.87

0.85 (0.85%)

SHLD

Sears

$3.60

0.28 (8.43%)

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  • 20

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$22.78

-1.87 (-7.59%)

06:23
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Technical Analysis
VelocityShares 3x Inv Natural Gas ETN: Pivot points, pivot high broken »

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$82.04

5.36 (6.99%)

06:21
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Technical Analysis
VelocityShares 3x Long Natural Gas ETN: Pivot points, pivot low broken »

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ULTI

Ultimate Software

$226.28

-0.88 (-0.39%)

06:21
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AWK

American Water

$80.83

-3.91 (-4.61%)

06:21
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Earnings
American Water affirms FY17 adjusted EPS view $3.00-$3.06, consensus $3.01 »

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FB

Facebook

$179.37

-8.4 (-4.47%)

06:21
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Periodicals
Facebook VP says newsfeed changes will help users better connect, Wired reports »

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  • 17

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EWZ

MSCI Brazil Index

$43.23

0.13 (0.30%)

06:20
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MSCI Brazil Index: Pivot points, pivot high broken »

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INFY

Infosys

$16.81

-0.46 (-2.66%)

06:20
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Upgrade
Infosys rating change  »

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RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

, RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

06:19
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Hot Stocks
Shell announces redevelopment of Penguins field in U.K.'s North Sea »

Royal Dutch Shell plc…

RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

XOM

Exxon Mobil

$87.52

0.59 (0.68%)

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EFA

iShares MSCI EAFE Index Fund

$73.50

0.73 (1.00%)

06:19
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Technical Analysis
iShares MSCI EAFE Index Fund: Pivot points »

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LECO

Lincoln Electric

$97.87

0.4 (0.41%)

06:19
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Lincoln Electric rating change  »

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INFO

IHS Markit

$47.85

0.39 (0.82%)

06:19
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Hot Stocks
IHS Markit sees FY18 CapEx approximately 6%-7% of revenue »

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