GOLD AND SILVER BOOM, BUT MANY OF THE GOLD SHARES DO NOT KEEP PACE 4/18/2011
GOLD AND SILVER BOOM, BUT MANY OF THE GOLD SHARES DO NOT KEEP PACE 4/18/2011
GOLD AND SILVER BOOM, BUT MANY OF THE GOLD SHARES DO NOT KEEP PACE 4/18/2011
DULUTH METALS (DULMF $2.60, Overweight at $15 price target raised from $13) PLANNED OPERATIONS AT NOKOMIS INCREASED FROM 40,000 MTPD to 80,000 MTPD; FRANCONIA ACQUISITION EXPANDS RESOURCES 4/18/2011
PACKAGING CORPORATION OF AMERICA (PKG $28.86, rated Overweight, Price Target $35) INCREASED DIVIDEND AND SHARE REPURCHASE PROGRAM MORE SIGNIFICANT THAN COST INCREASES 4/20/2011
STEEL INDUSTRY – – HISTORIC RISE OF SCRAP-USING ELECTRIC ARC FURNACES TO > 62% OF U.S. OUTPUT AND DROP TO 33% BLAST FURNACES FOR U.S. IRON UNITS COMBINE TO DRIVE UP SCRAP AND FINISHED STEEL PRICES, DESPITE SLIM DEMAND AND …
TEMPLE-INLAND (TIN $23.43 Rating lowered from OVERWEIGHT to NEUTRAL) POOR Q1 RESULTS FOR CONTAINERBOARD AND DECLINES IN WOOD PRICING WEAKEN THE INVESTMENT OUTLOOK FOR TEMPLE 4/21/2011
GOLD, SILVER AND ALUMINUM PRICES MAKE MORE HIGHS, BUT COST INCREASES SQUEEZE MARGINS IN OTHER SECTORS SUCH AS FOREST PRODUCTS 4/25/2011
NEWMONT MINING (NEM $57.79, Rating lowered from Overweight to Neutral) UPDATES FROM NEWMONT INVESTOR DAY AND FIRST QUARTER RESULTS PAINT POOR LONG TERM PICTURE 4/26/2011
BARRICK GOLD (ABX $51.86) BUY RATING REITERATED 4/26/2011
COPPER MINE TRANSACTION TERMS ESCALATE TO $0.356 PER LB OF RESOURCES FROM $0.128 PER LB; 3 DEALS > $0.50 SKEW AVERAGES 4/27/2011
PLUM CREEK (PCL $43.45, rating lowered to Underweight from Neutral) ELEVATED P/E AND POOR HOUSING OUTLOOK LEAD TO UNDERWEIGHT RATING 4/27/2011