Tuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreTuesday newspaper share tips: Randgold a good investment to get gold exposure
9th Feb 2016 12:25
(ShareCast News) - Solid results for Randgold Resources has given hope to The Telegraph's Questor, which recommended investors 'hold' the shares. The company was in a surprisingly robust position in its end-of-year-results, despite lower gold prices pushing the company's profit down in the 12 months
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreFTSE 100 movers: Randgold shines after results but ITV slumps on DB note
8th Feb 2016 14:02
(ShareCast News) - London's FTSE 100 was down 1.9% to 5,737.01 at 1420 GMT, tracking broader market losses, although Randgold Resources bucked the trend following well-received results. Shares in ITV fell sharply on Monday as Deutsche Bank said the broadcaster was lagging the rest of the sector, whi
Read moreAlecto Minerals joins up with Randgold in Mali
8th Feb 2016 08:18
(ShareCast News) - Alecto Minerals announced a new joint venture with FTSE 100 gold giant Randgold on Monday - through its wholly-owned subsidiary Caracal Gold Mali - for the exploration and development of its Kossanto West Gold Project. It confirmed the Kobokoto Est and Koussikoto permits formed th
Read moreRandgold in robust cash position despite lower gold price
8th Feb 2016 07:16
(ShareCast News) - Randgold Resources was in a surprisingly robust position in its end-of-year-results, despite lower gold prices pushing the company's profit down in the 12 months to 31 December 2015. Production and costs were in line with the company's annual guidance, with the FTSE 100 company se
Read moreLondon pre-open: Stocks seen higher following Friday's losses
8th Feb 2016 07:15
(ShareCast News) - London stocks are expected to open higher on Monday, rebounding from Friday's losses. London's FTSE 100 is seen starting 30 points firmer than Friday's close at 5,878. It will be a quiet day on the macroeconomic front, with no major UK or US data releases due. BT on the hunt for
Read moreFTSE 100 movers: Anglo American surges as Blackrock increases stake
5th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to finish the week just in the black, up 1.32 points (0.02%) to 5,900.08 points by mid-afternoon on Friday. Anglo American led the risers for the second day running, while its sector peers were tracking the other way. It followed shares in Anglo rising on Thur
Read moreVoltaire to step down from Randgold Resources board
5th Feb 2016 07:59
(ShareCast News) - Randgold Resources non-executive director Karl Voltaire will retire from the board in May, the FTSE 100 company announced on Friday. He has been on the board since 2006 and has been a member of the company's audit and remuneration committees, however he has now come to the end of
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreFTSE 100 movers: BHP and Shell lead fall, Randgold and Sports Direct only risers
20th Jan 2016 14:48
(ShareCast News) - The FTSE 100 was wallowing in negative territory on Wednesday afternoon, with resources stocks leading the retreat. At 1530 the blue chip index was down 3% at 5,700.26, with BHP Billiton the biggest faller. Earlier, the miner had unveiled a mixed second-quarter trading update, ma
Read moreFTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreBarclays lowers targets on miners; Anglo American and Randgold spared
12th Jan 2016 13:40
(ShareCast News) - The bad times for the mining sector were likely to continue, despite a tough last five years, which saw the worst performance for it since 1966, analysts at Barclays said. With the Chinese economy stagnating and purchasing managers' indices already beginning to roll over elsewhere
Read moreSunday share tips: Randgold, BAE Systems, REDT
10th Jan 2016 13:59
(ShareCast News) - Randgold Resources, a rarity of a profitable and debt-free miner, is a share to hold onto, argued the Sunday Times' Inside the City column. The west and central Africa-focused group is valued at twice the market capitalisation of FTSE 100 peer Anglo American, which is highly indeb
Read moreFTSE 100 movers: Miners and oil stocks drag down market over China woes
7th Jan 2016 13:56
(ShareCast News) - The FTSE 100 continued to fall on Thursday, down 156.34 points (2.57%) to 5,917.04 by mid-afternoon. Miners again dragged the market down amid growing concerns about China, one of the world's largest commodities consumers, after the country had its shortest trading day in history.
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