Fresnillo shares rise on San Julián project update
4th Jul 2016 12:06
(ShareCast News) - Shares in mining titan Fresnillo are up almost 7% against a falling market after confirming construction of the San Julián project, phase 1, completed on time and on budget. This included testing of the facilities and initial processing of ore. It said it was addressing a minor te
Read moreBroker tips: ITV, Randgold Resources, Fresnillo, UK banks
27th Jun 2016 17:00
(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'. That was true e
Read moreSector movers: Real estate and financial services shares weigh the most
27th Jun 2016 16:22
(ShareCast News) - Falls among smaller UK-focused shares weighed the most on the stockmarket, taking the second-tier FTSE 250´s cumulative two-day decline to 14% - its biggest since 1987. The FTSE 250 lost 1,120.19 points or 6.96% on Monday to end the session at 14,967.86. Real estate investments t
Read moreGoldman Sachs upgrades Randgold and Fresnillo
27th Jun 2016 14:18
(ShareCast News) - Precious metals miners Randgold Resources and Fresnillo were among the few gainers in equity markets on Monday again as gold prices hit a two-year high and supported by upgrades from Goldman Sachs. Goldman said in a note that it has lifted its gold price forecast for the second ha
Read moreSunday share tips: EasyJet, Randgold, Imperial Brands, AstraZeneca
26th Jun 2016 14:03
(ShareCast News) - Sell EasyJet shares due to the likely turbulence sparked by the Brexit vote, said the Sunday Times' Inside the City column. The budget airline was created by Stelios Haji-Ioannou in the wake of the 1992 European Union Treaty on Open Skies, one of the supposedly rare bits of Brusse
Read moreMiners and homebuilders pace losses, precious metals miners shine
9th Jun 2016 14:18
(ShareCast News) - Miners and homebuilders weighed on the main UK equity benchmarks the most, against a backdrop of sovereign bond yields slipping to record lows and some market commentary flagging the risk of sharp drops in equity markets. The yield on the benchmark 10-year Gilt closed one basis po
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
Read moreTravel&Leisure stocks pace gains, miners drop
27th May 2016 20:31
(ShareCast News) - Travel&Leisure stocks paced gains on the top flight index at the end of the week, against a backdrop of falling crude oil prices and a perceived reduction in the risk that Britons will vote to leave the European Union on 23 June. As a sector, Travel&Leisure was no longer overbough
Read moreMiners and oil majors lead drop
19th May 2016 20:03
(ShareCast News) - Miners and big oil led the retreat in the stockmarket, with the former coming under profit-taking again as the froth seen in some commodity prices earlier in 2016 continued to come out of the market on Thursday. A sharp jump in Fed funds futures overnight stoked selling by traders
Read moreFTSE 100 movers: Compass marches north, grocers retreat on consumer crunch
12th May 2016 14:53
(ShareCast News) - The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0.8% lower at 6,113.32 late in session. Despite gold losing some of its lustre, Randgold Resources topped the pile while precious metals giant Fresnillio was another on the leaderb
Read moreFTSE 100 movers: Property drags on buoyant mining
11th May 2016 13:32
(ShareCast News) - The FTSE was underwater but working it was back to dry land late on Wednesday, as the index's raft of heavyweight miners were buoyed by commodity prices. With an hour's trading left in the day, the blue chip index was down 0.1% at 6,150, with property developers causing the bulk o
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 moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreBroker tips: Premier Foods, Fresnillo, Ashmore Group
19th Apr 2016 16:02
(ShareCast News) - Credit Suisse cut its price target on Premier Foods after coming off restriction on the stock, saying that management now had to show they made the right call after their "bold rejection of a potential offer from McCormick. The Swiss bank retained its 'outperform' rating on the Mr
Read moreFresnillo downgraded to 'sell' from 'reduce' by Numis
19th Apr 2016 10:51
(ShareCast News) - Fresnillo's stock was downgraded to 'sell' from 'reduce' and its target price left at 800p on Tuesday by Numis. Numis said the miner reported a solid first quarter performance last week, "however, at 2.27x premium to net asset value and with significant risk associated with the ex
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