GOLD – – NEG. RATES, EU BUDGET, ELECTIONS, SECURITY AND STABILITY 7/19/2016
GOLD – – NEG. RATES, EU BUDGET, ELECTIONS, SECURITY AND STABILITY 7/19/2016
GOLD – – NEG. RATES, EU BUDGET, ELECTIONS, SECURITY AND STABILITY 7/19/2016
ALCOA (AA $15.52, rated Neutral at $16 price target) IMPLICATIONS OF SOMBER MARKET OUTLOOK TO GLOBAL MANUFACTURING; HIGHER COSTS DRIVE 2011-15 EPS ESTIMATE CUTS 1/13/2010
MEADWESTVACO (MWV $10.99 Overweight) CONTINUING DOWNTURN IN CONSUMER SPENDING AND INCREASED UNEMPLOYMENT LEAD TO LOWER PRICE TARGET OF $17 1/14/2009
RIO TINTO (RTP $233.94, rated OVERWEIGHT price target $295 from $240); PRICE TARGET INCREASED DUE TO INCREASE IN EXPECTED IRON ORE AND ALUMINUM PRICES AND EXPECTED AUSTRALIAN AND CANADIAN EXCHANGE RATES 1/14/2010
THOMPSON CREEK METALS (TC $14.25, rated Neutral with $13 target) UPDATED FINANCIAL MODELS FOR THOMPSON CREEK MINE PLAN EXTENDING MINE LIFE BY 6 YEARS, UPDATED ENDAKO EXPANSION PLANS AND 2010 CAPITAL EXPENDITURE GUIDANCE 1/14/2010
METALS AND FOREST PRODUCTS OVERVIEW – – STRONGER DOLLAR REMAINS POTENT DEFLATIONARY SALES PRICE DEPRESSANT; LOWERING MANY PRODUCT PRICE ESTIMATES 1/15/2009
ANGLO AMERICAN (AAUKY $22.37, Rated Overweight) COVERAGE INITIATED WITH OVERWEIGHT RATING AND $28 PRICE TARGET 1/15/2010
LARGE CAP METALS – – STRUCTURED FINANCIAL COMPARISON OF $612 BIL. MARKET CAP OF SIX MAJOR DIVERSIFIED MINES 1/15/2010
SPOTMARKETS STIMULUS PACKAGE, STRONG DOLLAR, COMPETITOR ATTRITION, DESTOCKING AND RELATED FACTORS SUGGEST A LESS STRUCTURED AND MORE “INTUITIVE” APPROACH TO VALUATONS; NOVEMBER STEEL DATA FORESHADOW’S VERY TOUGH FOURTH- AND FIRST-QUARTERS 1/17/2009
SPOTMARKETS ALUMINUM AND ZINC INVENTORIES FELL LAST WEEK, BUT NICKEL, COPPER, LEAD AND TIN STOCKS ROSE 1/19/2010