Thursday broker round-up
15th Sep 2016 13:57
(ShareCast News) - Sanne Group: Berenberg reiterates buy with a target price of 600p. Vodafone: Barclays reiterates overweight, 260p target. Petrofac: Jefferies downgrades to hold with a 800p target. Anglo American: JP Morgan reiterates overweight with a 1150p target. RPC Group: Berenberg stays a
Read moreUBS ups Fresnillo to 'neutral' on more balanced risk/reward
15th Sep 2016 09:24
(ShareCast News) - UBS upgraded Fresnillo to 'neutral' from 'sell' with an unchanged target price of 1,600p saying the risk/reward was now more balanced after a 20% correction in the shares since the July peak. The bank said following a difficult 2014/15, Fresnillo is at an operational inflection po
Read moreFTSE 100 movers: Miners dive as banks, insurers progress
31st Aug 2016 16:25
(ShareCast News) - Mining stocks were headed lower in an overall negative session on the FTSE 100, with gold and three-month industrial metals prices southbound as silver and copper eased ahead. Anglo American faded, having on Tuesday completed the sale of its Foxleigh mine interest, while both f
Read moreFresnillo gets San Julián mill up and running
18th Aug 2016 07:20
(ShareCast News) - Having overcome a technical failure early last month, Fresnillo's San Julián milling facility has successfully begun processing ore and operations at the leaching plant were on Thursday confirmed as having run "normally" for a week. The FTSE 100 miner's $515m silver-gold project h
Read moreCredit Suisse has tactical worries about gold, highlights prospect of higher fiscal spending
12th Aug 2016 11:12
(ShareCast News) - Credit Suisse advised clients investing in gold and related equities to keep their eye on real, or inflation-adjusted, bond yields instead of on so-called inflation break-evens or nominal yields, calling attention to the potential impact that increased fiscal spending worldwide mi
Read moreSector movers: US jobs data gives cyclicals a boost
5th Aug 2016 15:30
(ShareCast News) - The wheels of the market turned in favour of cyclicals at the end of the week, following the release of a much stronger-than-expected reading on the state of the US jobs market. Although economists still appeared to be somewhat divided on whether the US central bank would finally
Read moreWednesday round-up
3rd Aug 2016 12:13
(ShareCast News) - Laird: UBS upgrades to buy with a target price of 350p. Direct Line Group: Deutsche Bank maintains buy with a 435p target. Associated British Foods: Exane BNP Paribas reiterates outperform with a 3300p target. Sky: Goldman Sachs reiterates buy with a target price of 1029p. Fres
Read moreFresnillo left at 'sell' by Numis after half year results
3rd Aug 2016 09:42
(ShareCast News) - Numis reiterated a 'sell' rating and target price of 1,400p for Fresnillo on Wednesday after the miner reported its first half results. While Fresnillo reported first half financials that beat consensus, Numis believes the company is "trading too high relative to peers despite bei
Read moreFresnillo shines in first half as metals price rise boosts sales, profits
2nd Aug 2016 07:14
(ShareCast News) - First-half silver and gold production rises of 6% and 23% respectively combined with a Brexit-led recovery of the gold price and devaluation of the Mexican peso/US dollar exchange rate helped to boost Fresnillo core earnings before interest, tax, depreciation and amortisation to $
Read moreFTSE 100 movers: Property stocks rally, miners slide
20th Jul 2016 16:42
(ShareCast News) - The FTSE 100 gained 0.47% to 6,728.99 points at the close, buoyed by a rally in real estate and housebuilder stocks. Real estate investors and housebuilders, including Land Securities and Persimmon, a day after a report by the Centre for Economics and Business Research (Cebr) cons
Read moreFresnillo boosts gold production guidance after second quarter
20th Jul 2016 07:55
(ShareCast News) - Fresnillo posted a quarterly production update for the three months to 30 June on Wednesday, with silver production improving 14.5% year-on-year to 30 moz. The FTSE 100 firm said silver production was up 6.3% over the first quarter, with first half silver production of 25.2 moz a
Read moreSector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
Read moreFTSE 100 movers: Antofagasta leads miners' rise and Barratt the builders' fall
13th Jul 2016 13:36
(ShareCast News) - The FTSE 100 index was scuttling crabwise on Wednesday, as markets held their powder dry as Britain appointed a new Prime Minister later in the day and a day ahead of the Bank of England expected policy tinkering. Commodities heavyweights Antofagasta, Glencore, BHP Billiton and
Read moreSector movers: House builders and banks rally
8th Jul 2016 18:37
(ShareCast News) - House builders, banks topped the blue-chip winners' ladder at close of play on Friday, having last week and this suffered under the shadow of Britain's non-binding vote to quit the EU. Taylor Wimpey, Berkeley Group, Barratt Developments and Persimmon sprinted higher with gains of
Read moreMiners and defensives pace gains
4th Jul 2016 14:30
(ShareCast News) - Miners were doing best among the main market groups, with some market commentary referencing the boost to commodity prices from heightened expectations for further monetary stimulus from several of the world´s main central banks, while the Federal Reserve could be expected to stay
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