CHINESE PURCHASES SUPPORT MARKETS AND PREVENT STEEPER DROPS 5/4/2009
CHINESE PURCHASES SUPPORT MARKETS AND PREVENT STEEPER DROPS 5/4/2009
CHINESE PURCHASES SUPPORT MARKETS AND PREVENT STEEPER DROPS 5/4/2009
RIO TINTO (RTP $158, rated OVERWEIGHT target $236); RAISING ESTIMATES ON INCREASED COPPER PRICE FORECAST, LOWER COST ESTIMATES FOR ALUMINA, AND CONTINUED BALANCE SHEET IMPROVEMENT 4/30/2009
PLUM CREEK (PCL $33.80, rated Overweight) DEBT REPAYMENT AND STOCK REPURCHASES HELP OFFSET LOWER EXPECTED VOLUMES IN A DOWN HOUSING MARKET 4/30/2009
WEAK METALS PRICE RECOVERY “FRAGILE” AS DEMAND VERY SLOW 4/27/2009
TEMPLE-INLAND (TIN $9.05, rated OVERWEIGHT) ALTERNATIVE FUEL CREDITS AND INPUT COST REDUCTIONS LEAD TO MUCH HIGHER EARNINGS AND PRICE TARGET RAISED 4/23/2009
TECK CORP. (TCK US$9.77, rated OVERWEIGHT); DEBT MATURITY EXTENSIONS GIVE TECK MORE FLEXIBILITY ON ASSET SALES AND COMMODITY PRICES HAVE REBOUNDED 4/23/2009
U.S. STEEL (X $26.34, rating Underweight) TO CREATE ABOUT 30.7 MM MORE DILUTED SHARES 4/28/2009
U.S. STEEL (X $29.96, rating Underweight) ALL MARKETS “QUIET;” IDLING OF FOUR MELTING LOCATIONS PREPARES FOR LENGTHY DOWNTURN 4/20/2009
COPPER, LEAD, ZINC, PLATINUM AND PALLADIUM RALLY ONWARDS 4/20/2009
MERCATOR MINERALS (MLKKF US$1.09 or ML.TO C$1.30, rated Overweight, Target raised to $7 from $5); RECENT FINANCING ALLOWS MERCATOR TO COMPLETE ITS MILL TO 60,000 T/D; BARELY ADEQUATE CASH FLOW FOR 2009 DESPITE EXORBITANT MOLY TRADER “FEE” 4/16/2009