Petropavlovsk boosts H1 gold sales despite lower prices
28th Aug 2014 07:50
Russian gold miner Petropavlovsk announced record first-half production and increased sales despite lower gold prices. The group produced 306,400 ounces (oz) and sold 5% more gold than a year ago in the face of a 12% fall in the average realised gold price. The lower price was largely responsible
Read moreLondon pre-open: FTSE set for small drop ahead of data
28th Aug 2014 07:48
Following a fairly flat session in the US on Wednesday evening, the FTSE is set for a modest decline at Thursday's opening bell, as investors look ahead to a busy day of data and company news. City sources predict the FTSE 100 will open around eight points lower than the previous day's close of 6,
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreSunday share tips: Wincanton, Royal Mail, Petropavlovsk
20th Jul 2014 22:42
Markets are underestimating the turnaround story at small-capitalisation haulage firm Wincanton. The current consensus of analysts' estimates is calling for pre-tax profits to come in at about £25m this year, followed by a small increase to £26m next year, on the back of largely flat revenues. Howev
Read morePetropavlovsk plummets as debt deadlines loom
29th Apr 2014 13:31
Forecast breaches of Russia-focused gold miner Petropavlovsk's debt covenants and the need to repay 310.5m dollars of bonds has sent shares in the company crashing. Although full year results from the company were broadly in line with consensus forecasts, Chairman Peter Hambro said management had
Read moreSector movers: Mining stocks rise strongly, Glencore Xstrata gains
17th Mar 2014 14:33
The FTSE 350 mining sector, which fell nearly four per cent last week on the back of uncertainties surrounding Ukraine and fears of a slowdown in China, recovered strongly on Monday with Glencore Xstrata among the best performers in London. Glencore Xstrata was trading 3.3% higher at 306.8p this af
Read moreCanaccord Genuity upgrades gold forecasts, lists preferred stocks
17th Mar 2014 11:08
Canaccord Genuity has highlighted key stocks to buy in the gold mining sector as it lifted its forecasts for the price of the precious metal over the medium term. The broker explained that UK-listed gold producers on average have mildly outperformed the gold price since the start of 2014. However,
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreSector movers: Miners gain after updates from Antofagasta, Anglo and Randgold
29th Jan 2014 15:21
Mining stocks managed to hold on to gains on Wednesday afternoon despite the wider market sell-off after some well-received production updates from a number of blue-chip metal producers. As stocks across the globe were pressured lower by continued concerns over the emerging markets ahead of the Fed
Read moreWednesday broker round-up UPDATE
29th Jan 2014 08:54
African Barrick Gold: Canaccord Genuity ups target price from 180p to 205p keeping a hold recommendation. Antofagasta: Westhouse Securities takes target price from 1000p to 1060p and maintains its buy recommendation. BG Group: Liberum Capital reduces target price from 1475p to 1280p downgrading to
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
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