15th Apr 2013 11:21
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, wh
Read more15th Apr 2013 11:00
Citigroup has joined the growing list of brokers to cut their target prices for gold over the next few years. With declining margins at gold producers now a concern - as higher costs (and sustained capital expenditure) and lower prices take their toll - Citi has downgraded its rating for London-lis
Read more15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read more15th Apr 2013 09:10
Gold mining stocks were under heavy selling pressure on Monday morning after a disappointing reading of Chinese economic growth in the first quarter. Comments from US investment bank Citigroup were also weighing on share prices across the sector, as analysts revised their gold-price forecasts lower
Read more15th Apr 2013 08:29
Mining stocks were registering sharp falls on Monday morning as a surprise slowdown in Chinese economic growth weighed on the outlook for commodities demand. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, while the consensus forecast had be
Read more11th Apr 2013 15:51
Ashmore was a high riser after reporting that assets under management (AuM) increased by 9.4 per cent in the third quarter as it attracted funds from government clients. The news also gave sector peer Man Group a lift. Recruitment company Hays was also higher after it said it expects full-year op
Read more11th Apr 2013 07:21
African Minerals: Deutsche Bank reduces target price from 594p to 586p keeping a buy recommendation. Investec cuts target price from 438p to 411p, while its buy recommendation remains unchanged. Associated British Foods: Societe Generale increases target price from 1820p to 1900p, while downgrading
Read more9th Apr 2013 16:37
Slowing inflation in China and a strong start to the US earnings season by Alcoa boosted the UK's resource-heavy FTSE 100 stock index on Tuesday, with miners leading the surge. Meanwhile, a raft of upbeat economic data from closer to the home lifted sentiment in the UK today, including better-than-
Read more4th Apr 2013 11:00
Tradenext has highlighted opportunities for potential upside in the mining sector following the sell-off in recent weeks, though these opportunities are high risk, the broker warned. "China growth rates are slowing but surely the prices of some of these shares are at silly levels and could easily j
Read more4th Apr 2013 10:18
Tradenext has highlighted opportunities for potential upside in the mining sector following the sell-off in recent weeks, though these opportunities are high risk, the broker warned. Gold fell again on Thursday, with futures for June delivery trading 0.4% lower at around $1,544 an ounce. Ronnie Ch
Read more3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read more2nd Apr 2013 08:28
Afren: Liberum Capital shifts target price from 123p to 130p maintaining a hold recommendation. Amara Mining: Numis initiates with a target price of 80p and a buy recommendation. APR Energy: Espirito Santo downgrades to sell with a target price of 680p. ASOS: Goldman Sachs increases target price
Read more28th Mar 2013 11:42
After a shaky start, the FTSE 100 was making decent gains by Thursday lunchtime ahead of a raft of economic data from the States later on, as sentiment was lifted by the reopening of banks in Cyprus. Nevertheless, gains are expected to moderate as traders refrain from building big positions ahead o
Read more28th Mar 2013 08:26
Petropavlovsk achieved a rise in annual revenues on the back of increased gold sales and production, the mining company announced Thursday. Group revenue for 2012 grew by circa 9.0% year-on-year to $1.4bn as gold production rose 13% to 710,400oz, exceeding the 700,000oz target. Gold sales were up 4
Read more27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
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