Grocers and miners lead gains
13th May 2016 20:22
(ShareCast News) - Miners and grocers led gains on the market as the selling pressure on two of the past week's worst performers eased a bit. Gains in the former were particularly noteworthy, coming as they did in the face of an across-the-board retreat in commodity prices, in part as the US dollar
Read moreBroker tips: Antofagasta, ITV, Compass
12th May 2016 15:39
(ShareCast News) - Antofagasta's shares were under pressure on Thursday after Canaccord Genuity cut its full year earnings forecast for the miner. Canaccord said the company's first quarter production for copper, gold and molybdenum were below its estimates. "First quarter cash costs also disappoin
Read moreCanaccord cuts production forecasts, target price on Antofagasta
12th May 2016 14:30
(ShareCast News) - The outlook for Antofagasta continues to be positive but additional short-term weakness in the share price is likely, Canaccord Genuity told clients. Nevertheless, the miner's most recent production report made for disappointing reading in terms of the company's levels of output f
Read moreAntofagasta shares fall as Canaccord cuts full year forecasts
12th May 2016 10:00
(ShareCast News) - Antofagasta's shares were under pressure on Thursday after Canaccord Genuity cut its full year earnings forecast for the miner. Canaccord said the company's first quarter production for copper, gold and molybdenum were below its estimates. "First quarter cash costs also disappoin
Read moreBasic resource shares pumelled, Canadian wildfire blaze slows advance
9th May 2016 19:03
(ShareCast News) - Mining and oil stocks led declines at the start of the week on the back of weaker than expected data out of Asia's largest economy and after Chinese regulators warned they might clamp down on speculation further. On Sunday, China's customs administration said exports and imports s
Read moreAntofagasta says copper market may be stabilising
27th Apr 2016 07:22
(ShareCast News) - Antofagasta said first quarter copper production rose 7.3% year-on-year to 157,100 tonnes, adding that movements in the copper price over the period suggesting the market was beginning to stabilise. "However, with price growth likely to remain subdued in the near term our focus
Read moreSector movers: Miners surge, steel demand strong survey says
19th Apr 2016 17:31
(ShareCast News) - Shares in miners surged again as sentiment towards the sector continued to thaw on Tuesday, amid more bullish views from some strategists in the previous session and a soft US dollar. That sent a pan-European gauge of stocks in the sector, the DJ Stoxx 600's Basic Resource sub-ind
Read moreAntofagasta CEO Hernandez retires
8th Apr 2016 12:05
(ShareCast News) - Copper miner Antofagasta's chief executive officer Diego Hernández will retire with immediate effect, to be replaced by Iván Arriagada, the current chief exec of Antofagasta Minerals. Hernández will stay on as an adviser to the board. Arriagada, who has been CEO of Antofagasta Mi
Read moreJP Morgan downgrades Glencore, Antofagasta; recommends selling rally
7th Apr 2016 09:21
(ShareCast News) - JP Morgan Cazenove reviewed its ratings on a number of metals and mining stocks as it took a look at the sector and recommended selling the recent rally. The bank noted Chinese demand growth is slowing, oversupply is rising and previous super-cycles suggest spot prices could carry
Read moreTuesday broker round-up
5th Apr 2016 15:09
(ShareCast News) - Royal Mail: Investec reiterates buy with a target price of 580p. Gooch Housego: Investec reiterates buy, 1020p target and Finncap keeps at hold. Glencore: Exane BNP Paribas maintains outperform with a target price of 165p. Babcock: JP Morgan reiterates overweight with a targe
Read moreTuesday broker round-up
29th Mar 2016 16:51
(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560
Read moreSector movers: Miners buried under by rising US dollar
23rd Mar 2016 15:43
(ShareCast News) - Miners sank to the bottom of the pile on Wednesday continued more hawkish Fedspeak weighed on commodity prices amid lower than usual trading volumes ahead of Easter. Bloomberg's Commodity index had retreating 1.81% to 160.85 as of 18:18GMT, while the US dollar spot index moved cau
Read moreFTSE 100 movers: Antofagasta descends, Shire rebounds
21st Mar 2016 14:57
(ShareCast News) - In a largely quiet day, the FTSE 100 was dragged lower after losing momentum towards the end of the day, while the London Stock Exchange launched the first of its new daily intra-day auctions. At noon, the LSE stopped automated trading of stocks traded on the SETS system, the larg
Read moreSectors movers: Precious metals miners shine, banks hit by Fed
17th Mar 2016 16:08
(ShareCast News) - A charge of the large cap mining brigade kept the FTSE 100 index just in positive territory through Thursday afternoon. Boosted by the weaker dollar, commodity prices perked up, with copper up 2%, iron ore strengthening even more and precious metals sparkling. "Gold has found its
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
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