Wednesday broker round-up
24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
Read moreBroker tips: Gold equities, SuperGroup, N Brown
10th Oct 2012 11:21
Nomura has retained its 'bullish' rating for the European gold sector, saying that there's potential for further outperformance in spite of the strong showing as of late. Nomura has highlighted Petropavlovsk, Centamin and Polymetal as its sector 'likes' going into the third-quarter results. All thr
Read moreBroker snap: Gold equities to rally, says Nomura
10th Oct 2012 09:34
Nomura has retained its 'bullish' rating for the European gold sector, saying that there's potential for further outperformance in spite of the strong showing as of late. The Datastream World Gold Mining index is now up 18% over the past three months "as investors return to gold equities after a di
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreLondon open: Stocks slip after IMF cuts growth forecasts
9th Oct 2012 08:25
- IMF cuts global growth estimates - Q3 US earnings season to kick off this evening - Capita and Aggreko dented by broker downgrades UK stocks continued to fall on Tuesday morning following a steep drop the day before, as concerns about the global economy were fuelled by a downgrade to growth forec
Read moreLondon pre-open: FTSE to rise as UK outlook improves
9th Oct 2012 07:29
City sources predict the FTSE 100 will open up 15 points from yesterday's close of 5,842, despite news that the International Monetary Fund has slashed global growth forecasts. The UK was not immune to the downgrades: the economy is now expected to contract by 0.4% this year, down from the previou
Read moreCentamin on track to hit full-year guidance
9th Oct 2012 07:18
Egypt-focused gold miner Centamin saw a solid year-on-year improvement in production in the third quarter, but volumes declined on the preceding three months due to mill works and an employee strike in July. Total gold production from its flagship Sukari Gold Mine was 60,922 ounces in the three mon
Read moreFTSE 250 movers: Miners leap on QE3 decision
14th Sep 2012 15:53
Mining stocks were putting in an impressive performance as metals prices gained on a weaker dollar after the Fed announcement, with investors hopeful that an improved US economy will boost the demand for commodities. Aquarius Platinum, Ferrexpo, Talvivaara, Lonmin and Centamin were all firmly higher
Read moreLondon midday: Mining stocks celebrate QE3
14th Sep 2012 11:48
- Footsie at six-month high after Fed decision - Mining stocks rocket on stimulus plans - Markets' upside momentum to remain in the weeks ahead, says analyst London's stock market continued to extend gains on Friday morning after last night's announcement of more stimulus in the US, pushed the FTSE
Read moreBroker tips: Gold stocks, Imperial, JD Wetherspoon
14th Sep 2012 10:53
With gold prices jumping after the announcement of further quantitative easing (QE) from the Federal Reserve last night, Nomura has maintained its 'bullish' view on the sector. "Following yesterday's Federal Open Market Committee (FOMC) announcement of a new open-ended QE programme, gold prices hav
Read moreBroker snap: Gold equities to gain on QE, says Nomura
14th Sep 2012 09:30
With gold prices jumping after the announcement of further quantitative easing (QE) from the Federal Reserve last night, Nomura has maintained its 'bullish' view on the sector. "Following yesterday's Federal Open Market Committee (FOMC) announcement of a new open-ended QE programme, gold prices hav
Read moreLondon open: Footsie at six-month high after QE3
14th Sep 2012 08:23
- Stocks soar after last night's QE3 announcement - Fed to buy mortgage debt, maintain Operation Twist - Miners, banks surge early on Stock markets across Europe surged in early trading on Friday following last night's stimulus announcement from the Federal Reserve; increased risk appetite was ben
Read moreThursday broker round-up
13th Sep 2012 09:17
Anite: Jefferies keeps buy rating and 160p target. BAE Systems: Investec downgrades from hold to sell, target raised from 350p to 290p; Societe General downgrades to sell; Oriel Securities downgrades to hold, target lifted from 350p to 370p. Bank of Georgia: Seymour Pierce keeps buy rating and 1,6
Read moreFTSE 250 movers: Lonmin leads miners higher
6th Sep 2012 15:51
South Africa-focused platinum miner Lonmin rose strongly on Thursday on reports that it has reached a 'peace accord' with its striking miners following a wave of protests over the last few weeks. ?? The mining sector as a whole was firmly higher today on hopes over the global economy after the Euro
Read moreCentamin director stocks up following increased gold production
29th Aug 2012 16:08
Senior Independent Non-Executive Director at Centamin, Gordon Edward Haslam, purchased 52,056 shares in the Egypt-focused gold miner on Wednesday. Haslam purchased the shares at 76p each for a total of £39,563, taking his total holding to 102,056 shares. The transaction comes two weeks after the
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