Director dealings: Bell buys first stake at Greatland Gold
1st Apr 2016 10:28
(ShareCast News) - Greatland Gold's non-executive chairman Andrew Bell bought a 2.39% stake in the Tasmanian exploration tiddler days after the company stated its much improved confidence new strategy. Bell snapped up 23.7m Greatland shares at a bargain basement price of 0.132p per share. While thi
Read moreCanaccord lifts Centamin's target price, retains 'buy' rating
30th Mar 2016 09:32
(ShareCast News) - Centamin's shares advanced on Wednesday as Canaccord Genuity raised its target price to 110p from 105p and reiterated its 'buy' rating on the gold miner's stock. The Egypt-based company last Monday reported a 28% fall in pre-tax profit to $58.4m (£40.5m) in 2015, down from $81.5m
Read moreBroker tips: Kingfisher, Mitie, gold stocks
24th Mar 2016 13:36
(ShareCast News) - Societe Generale upgraded B&Q owner Kingfisher to 'hold' from 'sell' and lifted the price target to 359p from 333p following the company's results on Wednesday. The bank said some early signs of recovery in the French home improvement market, together with a weaker reporting curre
Read moreGold stocks will continue to outperform, says Goldman Sachs
24th Mar 2016 09:46
(ShareCast News) - Goldman Sachs downgraded Gold Fields and Fresnillo as it took a look at gold producers, but kept its positive stance on AngloGold and Centamin, saying fully-covered dividends and sound balance sheets were a rarity in the mining sector. It cut South Africa's Gold Fields to 'sell' f
Read moreLondon pre-open: Stocks seen lower as investors await fresh catalysts
21st Mar 2016 07:44
(ShareCast News) - London stocks are set to open lower on Monday as investors look for fresh catalysts at the start of a four-day week. The FTSE 100 is seen starting 28 points lower than Friday's close at 6,162. "The run up to the Easter Bank Holiday weekend is likely to be a quieter one both in te
Read moreWeak gold price hits FY profits at Centamin
21st Mar 2016 07:23
(ShareCast News) - A weaker gold price hit full year profits at miner Centamin, which fell to $58.4m from from $81.5m despite a jump in revenue to $508.4m from $472m. Annual production rose 16% to 439,072 ounces - within the company's revised guidance range. Cash operating costs of $713 per ounce w
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 moreFTSE 250 movers: Fidessa and pub companies lead rise
15th Feb 2016 13:04
(ShareCast News) - UK midcaps were chasing their blue chip brethren higher on Monday as bargain hunters regained confidence. By late afternoon the FTSE 250 was 1.9% higher at 15,725.05. Enterprise Inns frothed higher after investors took courage from chairman Robert Walker shelling out just over £50
Read moreFTSE 250 movers: Miners a drag on second tier
18th Jan 2016 15:25
(ShareCast News) - The FTSE 250 continued to slide on Monday, dropping 188.52 points (1.17%) to 15,972.08 by mid-afternoon. Vedanta Resources led a bunch of miners featuring on the fallers list, after JP Morgan Cazenove re-evaluated its stance on the mining sector. In a note released on Monday, the
Read moreFTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreCentamin hits gold targets at Sukari, but marred by fatality
7th Jan 2016 07:44
(ShareCast News) - Gold-mining company Centamin has produced a set of mostly positive production results for the fourth quarter at its Sukari Mine in Egypt. The FTSE 250 company said on Thursday that total gold production for the quarter was 117,644 ounces, up 12% on the previous quarter but an 8% d
Read moreFTSE 250 movers: China stimulus hopes boost commodity producers
22nd Dec 2015 15:14
(ShareCast News) - The FTSE 250 was up 0.49% to 17,162.29 points, led by mining companies after China's government hinted at further stimulus measures. The Chinese government said monetary policy must be more "flexible" and fiscal policy more "forceful" , according to a statement release at th
Read moreSunday share tips: William Hill, gem miners, Centamin
8th Nov 2015 12:16
(ShareCast News) - Despite the problems at William Hill, its shares are worth buying, said the Sunday Times' Inside the City column. The bookmaker's stock has tumbled more than a fifth since May, with a profit warning last month bringing further worries to a head. The company has been left on the si
Read moreThursday broker round-up
22nd Oct 2015 10:20
(ShareCast News) - Centamin (di): Goldman Sachs starts new coverage with a buy, sets target price at 80.00p. Lonmin: JP Morgan Cazenove upgrades to overweight, raises target price to 35.00p. Pearson: JP Morgan Cazenove downgrades to neutral. Target price: 1080.00p. Hays: Credit Suisse upgrades to
Read moreCentamin quarterly gold production remains flat
8th Oct 2015 08:06
(ShareCast News) - Centamin has revealed gold production from its Sukari Gold Mine in Egypt is up 13% on the previous year for Q3, but flat from the previous quarter. The FTSE 250 company released its preliminary production results for the three months to 30 September. It reported total gold produc
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