Agnico Eagle downgraded to Sector Perform from Outperform at Scotiabank » 05:3702/1802/18/20
Scotiabank analyst Tanya…
Story temporarily locked.
Paulson adds Pretium, exits United Tech in Q4 » 17:0602/1402/14/20
PVG, TECD, TIF, LOGM, CPE, UTX, PCG, INSW, LYFT, S, GOLD, SES, CZR, QEP, NMRK, AGN, BHC, GLD, DISCK, HZNP
John Paulson's Paulson & Co. disclosed in an SEC filing its holdings as of December 31, 2019. The fund's six new buys during the fourth quarter included, by size of position, Pretium Resources (PVG), Tech Data (TECD), Tiffany (TIF), and LogMeIn (LOGM). Paulson exited 13 positions during the quarter, including by size of previous position Callon Petroleum (CPE), United Technologies (UTX), PG&E (PCG), International Seaways (INSW), and Lyft (LYFT). The fund increased its stake in three holdings, including by size of previous position Sprint (S), Barrick Gold (GOLD), and Synthesis Energy Systems (SES). Paulson reduced its stake in five holdings, including by size of previous position Caesars Entertainment (CZR), QEP Resources (QEP), Newmark Group (NMRK), and Allergan (AGN). The fund's top holdings as of December 31, in order of size, were Bausch Health (BHC), SPDR Gold Shares (GLD), Allergan, Discovery Class C (DISCK), and Horizon Therapeutics (HZNP).
Turquoise Hill to voluntarily delist shares from Nasdaq » 13:1302/1402/14/20
Turquoise Hill Resources…
Turquoise Hill Resources announced that it will be seeking shareholder approval to implement a consolidation of its outstanding common shares. The company also announced today that it intends to voluntarily delist its common shares from the Nasdaq Stock Market The delisting will not affect the continued listing of the company's common shares on the New York Stock Exchange and the Toronto Stock Exchange, it added. Given that trading on the Nasdaq represented only approximately 5% of the worldwide trading volume of Turquoise Hill's common shares in 2019, the company believes that the NYSE and the TSX listings provide investors with sufficient liquidity. In addition, delisting from the Nasdaq will reduce the company's administrative costs. The company also anticipates that its common shares will be suspended from trading on the Nasdaq prior to the open of markets on March 5.
Agnico Eagle falls -11.0% » 10:0002/1402/14/20
Agnico Eagle is down…
Agnico Eagle is down -11.0%, or -$6.53 to $52.58.
Agnico Eagle falls -12.7% » 09:4702/1402/14/20
Agnico Eagle is down…
Agnico Eagle is down -12.7%, or -$7.49 to $51.62.
Agnico Eagle downgraded to Hold from Buy at Canaccord » 09:0102/1402/14/20
Canaccord analyst Carey…
Canaccord analyst Carey Macrury downgraded Agnico Eagle to Hold from Buy with a price target of C$82, down from C$95, stating that he has cut his 2020 EBITDA estimate 17% given the company's updated guidance for lower gold production and higher cash costs compared to his prior forecasts.
Agnico Eagle downgraded to Hold from Buy at TD Securities » 07:3502/1402/14/20
TD Securities analyst…
TD Securities analyst Greg Barnes downgraded Agnico Eagle to Hold from Buy with a price target of $63, down from $74, as he made a "sharp" cut in his EBITDA estimates for 2020 and 2021 given the company's higher operating-cost guidance for the next several years. Though production will grow modestly over the next several years and the company has organic development projects beyond that, he prefers to wait for more clarity on the project pipeline beyond the Meliadine Phase 2 expansion, Barnes tells investors.
New Gold downgraded to Underperformer from Neutral at CIBC » 07:1502/1402/14/20
CIBC analyst Anita Soni…
CIBC analyst Anita Soni downgraded New Gold to Underperformer from Neutral with a C$.60 price target.
Lundin Mining upgraded to Outperformer from Neutral at CIBC » 07:1202/1402/14/20
CIBC analyst Bryce Adams…
CIBC analyst Bryce Adams upgraded Lundin Mining to Outperformer from Neutral with a price target of C$13, up from C$8.
Nexa Resources reports Q4 revenue $586M, consensus $566.77M » 06:4302/1402/14/20
Adjusted EBITDA excluding…
Adjusted EBITDA excluding non-recurring expenses was $90M in Q4 compared with $131M in 4Q18.