FTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreSector movers: Electricity stocks pace gains
28th Nov 2016 14:46
(ShareCast News) - Defensives were again to be found at the top of the leaderboard as longer term market interest rates fell back. Electricty stocks were especially well bid after the collapse of smaller energy supplier GB Energy over the weekend, political intervention in the energy sector is now m
Read moreSector movers: Meggitt, Cobham lift defence stocks
23rd Nov 2016 16:00
(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,
Read moreLondon close: Blue chips slide, led by gold-exposed miners amid profit-taking
10th Nov 2016 17:01
(ShareCast News) - London blue-chip stocks fell on Thursday as traders took profits stoked by Donald Trump's election win, with gold-exposed miners, pharmaceutical and US rates-sensitive utilities all flopping. The FTSE 100 ended the session down 1.21% to 6,827.98 points, somewhat out of kilter with
Read moreFresnillo's Q3 gold and silver production rises
12th Oct 2016 07:05
(ShareCast News) - Precious metals miner Fresnillo reported an increase in silver and gold production during the third quarter at its Mexico mines on Wednesday, while the turnaround plan at the company continued to progress, but not at the pace expected. Chief executive Octavio Alvídrez, said: "The
Read moreMorgan Stanley ups Fresnillo to 'equalweight', says more fairly priced
27th Sep 2016 14:06
(ShareCast News) - Morgan Stanley upgraded its stance on silver miner Fresnillo to 'equalweight' from 'underweight' and lifted the price target to 1,620p from 1,520p, saying the risks are now more fairly priced. The bank said the modest de-rating of the stock leaves the equity better priced to refle
Read moreThursday 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 $
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