Sector movers: Stocks rattled by US political uncertainty
4th Nov 2016 15:37
(ShareCast News) - Political uncertainty was the main driver behind share price movements on either side of the Atlantic at the weekend. Stateside, a tracking poll from Real Clear Politics showed the Democratic party presidential hopeful holding on to a slim 1.7 percentage poll lead over her main ri
Read moreFriday broker round-up
4th Nov 2016 11:02
(ShareCast News) - Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p. Smith & Nephew: Jefferies stays at buy, 1395p target. Merlin Entertainments: Berenberg starts coverage with a 440p target. South 32: Barclays reiterates overweight with a 200p target. Ladbrokes: UBS keep
Read moreRandgold profit soars as it outlines five-year plan
3rd Nov 2016 07:46
(ShareCast News) - Randgold Resources announced a new focus on three new projects over the next five years on Thursday, as it reported a strong third quarter performance keeping it on track to meet its 2016 guidance. The FTSE 250 firm said forecast cash flows generated from operations were expected
Read moreSector movers: Industrials, Mining jump
2nd Nov 2016 14:26
(ShareCast News) - Smurfit Kappa drove General Industrials to the top of the leaderboard after reporting that revenues jumped 6% over the three months ending on 30 September, at constant currencies, as volumes increased 3%. Business in the Americas was especially strong, with sales in the region ris
Read moreRandgold upholds Tongon guidance despite setbacks
24th Oct 2016 07:05
(ShareCast News) - Randgold Resources updated the market on its owned-and-operated Tongon gold mine in Côte d'Ivoire on Monday, saying it continued to "highlight exciting possibilities" for further investment in the country. The FTSE 100 firm said it was building a "solid" portfolio of targets, and
Read moreRandgold's offices shut down by Mali government over tax row
10th Oct 2016 07:06
(ShareCast News) - Mining giant Randgold Resources said it was "disappointed" that the government of Mali shut down the company's offices in the capital, Bamako, on Sunday in a long running dispute over taxes. Randgold said it was "strongly defending its position" as it has been advised that a large
Read moreSector movers: Miners pace gains after endorsement from BofA
7th Oct 2016 18:10
(ShareCast News) - Steel producers and miners led to the upside following the release of what several economists dubbed as a "solid" US jobs report, receiving an additional lift in the form of a positive research note on the sector out of analysts at Bank of America-Merrill Lynch. As of 1817 BST, De
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 moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read moreUBS ups Randgold to 'buy' after underperformance
9th Sep 2016 08:24
(ShareCast News) - UBS upgraded Randgold Resources to 'buy' from 'neutral' with an unchanged price target to 9,750p on the back of share price weakness and strong momentum in the second half of 2016. UBS said that following a correction of more than 20% from the stock's July 2016 peak, the risk/rewa
Read moreBroker tips: Lloyds, RBS, Randgold, Zoopla
5th Sep 2016 10:34
(ShareCast News) - Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a "lower-for-longer" environment. DB pointed out that UK bank shares have been particularly volatile since the UK voted to leave the European Union, with RBS, Barcl
Read moreRandgold Resources upgraded to 'buy' from 'hold' by Numis
5th Sep 2016 09:42
(ShareCast News) - Randgold Resources shares rose on Monday as Numis upgraded its rating on the stock to 'buy' from 'hold' and left its target price at 9,000p. Numis said it expects Randgold's third quarter to show operational improvements and predicts a rise in production at the Tongon mine to 78,0
Read moreCanaccord sees upside at Randgold despite cutting earnings forecasts
1st Sep 2016 10:31
(ShareCast News) - Canaccord upgraded its rating on Randgold to 'buy' but cut its target price to 8,590p from 9,075p after being disappointed by recent second-quarter results and increased cost assumptions. Not only were production and sales below expectations, but earnings disappointed after cash c
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 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
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