Centamin says reserve estimate at Sukari helped by lower fuel prices
10th Sep 2015 08:03
(ShareCast News) - Centamin on Thursday said the fall in fuel prices has had a "positive impact" on the reserve estimate at the Sukari mine in Egypt. The company reported a total combined open pit and underground mineral reserve estimate of 8.8m ounces (oz), an increase of 7% compared to the end of
Read moreCitigroup ups Centamin to 'buy', points to stabilisation in Egypt
13th Aug 2015 12:23
(ShareCast News) - Citigroup upgraded Centamin to 'buy' from 'neutral' and set a new price target of 76p, pointing to a stabilisation of the political situation in Egypt. "During Egypt's more politically-troubled period, we decided that it was not advisable to set a target price for the group and ra
Read moreFTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
12th Aug 2015 16:12
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read moreCentamin hikes dividend as interim pre-tax profit rises
12th Aug 2015 08:22
(ShareCast News) - Gold miner Centamin hiked its interim dividend by 11% after reporting an increase in pre-tax profit in the first six months of the year. The group saw its first half pre-tax profit jump 48.5% year-on-year to $47.4m, while revenue rose 26.4% to $259.7m and pre-tax profit before exc
Read moreFTSE 250 movers: Mitchells and Butlers surges on upgrade, miners lower
22nd Jul 2015 14:40
(ShareCast News) - Mid-caps edged lower on Wednesday, as gains in the construction and insurance sectors were eclipsed by weakness from technology, mining, engineering and oil stocks. As of 1600 BST, the FTSE 250 was trading 0.5% lower at 17,660. Mitchells & Butlers topped the risers after Numis ra
Read moreFTSE 250 movers: IG Group buffeted by currency headwinds, miners rebound
21st Jul 2015 14:07
(ShareCast News) - Mid-caps were subdued on Tuesday as strong performances from oil, insurance and technology stocks were offset by losses in the telecommunications, utilities and construction sectors. As of 14:30 BST, the FTSE 250 was trading flat at 17,790. IG Group topped the fallers after repor
Read moreFriday broker round-up
10th Jul 2015 14:03
(ShareCast News) - Anglo American: Citi upgrades to neutral. Ashmore: Jefferies reiterates buy but shaves target price to 373.5p, Cannacord reiterates hold. Aviva: Barclays reiterates neutral stance and nudges target to 637p from 632p, Berenberg keeps at sell. BaE Systems: Berenberg upgrades to bu
Read moreCanaccord upgrades Centamin, expects production guidance to be exceeded
10th Jul 2015 09:12
Broker Canaccord has upgraded Egyptian gold miner Centamin to 'buy' from 'hold' and lifted its price target to 75p from 70p. The FTSE 250 company on Thursday reported a 33% increase in gold production from its Sukari mine in the second quarter and forecast third quarter output of 103,000oz and 120,0
Read moreThursday broker round-up
9th Jul 2015 16:22
Ashmore: RBC keeps at underperform. Aggreko: Exane reiterates underperform recommendation and 1,250p target. Anglo American: Investec stays at hold on the miner's South African-listed shares. Associated British Foods: Credit Suisse stays at outperform and sets a target price of 3,250p. Barclays:
Read moreCentamin exceeds expectations with 33% rise in gold production at Sukari
9th Jul 2015 09:37
Centamin exceeded its own production guidance this quarter, reporting a 33% lift in gold production at its Sukari mine. Production at the Egyptian mine for the quarter was 107.8koz ounces, a 33% increase on the second quarter of 2014 and in line with production during the first quarter of 2015. Ful
Read moreFTSE 250 movers: Thomas Cook hit by travel market uncertainty, Ocado higher on deal speculation
29th Jun 2015 13:21
Mid-caps plunged on Monday, with gains made by miners overshadowed by weakness in the travel and financial sectors, as Greece closed its banks and called for a public vote on bailout proposals by its creditors. As of 15:00, the FTSE 250 was trading 1.2% lower at 17,607. Travel tour operator Thomas
Read moreFTSE 250 movers: Spire lifted by Remgro stake purchase, WS Atkins hit by downgrade
22nd Jun 2015 13:31
Mid-caps staged a recovery on Monday, as insurance, financial services and travel stocks put in a strong performance and investors kept their fingers crossed for a short term funding deal in Greece. As of 3:00 BST, the FTSE 250 was trading 1% higher at 17,883. Hospital operator Spire Healthcare jum
Read moreFTSE 250 movers: Foxtons hit by overcharging allegations, oil stocks higher
8th Jun 2015 13:50
Mid caps were in the red on Monday afternoon, as gains made by oil and mining stocks were overshadowed by weakness in the pharmaceutical, engineering and retail sectors. As of 15:45, the FTSE 250 was trading 0.13% lower at 17,908. Foxtons led the fallers as The Guardian reported that London law fir
Read moreTuesday broker round-up
2nd Jun 2015 07:57
British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreThursday broker round-up
14th May 2015 14:30
ITV: Numis downgrades to add but nudges target to 290p from 275p, Investec reiterates hold and Credit Suisse reiterates outperform. SAB Miller: Credit Suisse reiterates underperform stance, Nomura reiterates neutral recommendation and Deutsche reiterates its call to hold. GlaxoSmithKline: UBS downg
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