FTSE 250 movers: Aveva flies as G4S wilts amid Brexit pall
13th Jun 2016 16:56
(ShareCast News) - FTSE 250 finished lower alongside its blue-chip sibling as Brexit fears acted as a dead-weight on sentiment and trade, but served to boost the appeal and price of safe-haven gold. Aveva was ahead almost 10% as it confirmed receiving a revised and conditional proposal from Schneide
Read moreDirector dealings: Centamin chairman sells £5.6m shares
13th Jun 2016 15:24
(ShareCast News) - Centamin founder and executive chairman Josef El-Raghy has sold disposed of 5m shares not long after they hit their highest levels for five years. The chairman of the Egyptian gold miner offloaded shares in his Nordana fund between 8 June and 10 June at an average price of £1.11 p
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreBroker tips: Coca-Cola HBC, Shire, Centamin
20th May 2016 13:04
(ShareCast News) - Beverage bottler Coca-Cola HBC shares jumped on Friday after Citigroup upgraded the stock to 'buy'. Analysts at Citigroup said the company's shares trade at a five-year peak discount to peers. While they acknowledged concerns - including a potential naira devaluation and rising s
Read moreCentamin rallies as Morgan Stanley initiates at 'overweight'
20th May 2016 08:23
(ShareCast News) - Centamin got a boost on Friday as Morgan Stanley initiated coverage of the stock at 'overweight' with a 130p price target, saying it was its top pick within the European gold space. "Sukari provides a solid foundation from which to grow the business with a 7% free cash flow yield
Read moreMacquarie hikes short-term iron ore price forecasts, cautious on miners
18th May 2016 15:43
(ShareCast News) - Macquarie boosted its forecast for the price of iron ore in 2017 on the back of burgeoning steel demand in the People's Republic of China and deferrals in supplies, but cut those for 2018 and 2019. In a research note dated 16 May the broker hiked its 2017 iron ore price forecast b
Read moreCiti downgrades Centamin again
9th May 2016 10:26
(ShareCast News) - Centamin continued to be a "top-quality" group but investors were now paying too much for that quality, analysts at Citi said. The Egypt-focused gold miner's share price had doubled over the first four month of 2016 and now exceeded the broker's target price, analyst Jon H. Bergth
Read morePrecious metals miners jump as Fed rate hike calls pushed back
6th May 2016 19:01
(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken
Read moreCentamin Q1 profits shine on higher production, lower cash costs
3rd May 2016 08:18
(ShareCast News) - Egypt-based gold miner Centamin said first quarter earnings before interest, tax, depreciation and amortisation rose to $67.4m from $53m a year earlier. Net profit was up to $40.85m from last year's $28.57m. Earnings per share were 3.56 cents from 2.50 cents while revenues rose to
Read moreInvestec boosts target prices, bias towards miners
20th Apr 2016 13:47
(ShareCast News) - The slight improvement in China's fundamentals did not justify in miners' equity prices, Investec said, but recent events surrounding the sector nevertheless prompted the broker's analysts to boost their target prices for many of the companies under their coverage and to move to a
Read moreBroker tips: Centamin, TUI, RBS
18th Apr 2016 12:25
(ShareCast News) - Numis reiterated an 'add' rating on Centamin and raised the target price to 110p from 100p after the miner reported a jump in first quarter production Centamin earlier this month reported a 6.4% increase in gold production at its flagship Sukari gold mine in Egypt to 125,268 ounce
Read moreNumis raises Centamin's target price after Q1 production update
18th Apr 2016 11:00
(ShareCast News) - Numis reiterated an 'add' rating on Centamin and raised the target price to 110p from 100p after the miner reported a jump in first quarter production. Centamin earlier this month reported a 6.4% increase in gold production at its flagship Sukari gold mine in Egypt to 125,268 ounc
Read moreMonday broker round-up
11th Apr 2016 16:20
(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep
Read moreFTSE 250 movers: Kaz and Vesuvius lead midcaps lower
7th Apr 2016 14:21
(ShareCast News) - By mid-afternoon on Thursday, the FTSE 250 was down 0.41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains. The biggest faller in the mid cap index was Kaz Minerals as it was downgraded among a wider JP Morgan Cazenov
Read moreCentamin's Sukari mine first quarter gold production up 6.5%
7th Apr 2016 07:27
(ShareCast News) - Gold miner Centamin said first quarter production from its Sukari operation in Egypt rose 6.5% compared with the previous period to 125,268 ounces. The company said it maintained full year production guidance of 470,000 ounces. Quarterly throughput at the process plant was 2,876k
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