SPOT MARKETS – – DOLLAR STRENGTH VERSUS SOME SUPPLY CUTS 10/9/2014
SPOT MARKETS – – DOLLAR STRENGTH VERSUS SOME SUPPLY CUTS 10/9/2014
Archives: Downloads
ALCOA (AA $15.60, rating Overweight, Price Target $23) POSSIBLE BAUXITE ALUMINA JV OR ACQUISITION OF VOTORANTIM’S BRAZILIAN ALUMINUM 10/3/2014
ALCOA (AA $15.60, rating Overweight, Price Target $23) POSSIBLE BAUXITE ALUMINA JV OR ACQUISITION OF VOTORANTIM’S BRAZILIAN ALUMINUM 10/3/2014
ALUMINA LTD. (AWCMY $5.82, rated Overweight, price target raised to $11 from $10) FIRM DEMAND AND FALLING INVENTORIES PROMPT HIGHER PRICE TARGET; CHINESE OUTPUT FIRMER THAN EXPECTED 10/2/2014
ALUMINA LTD. (AWCMY $5.82, rated Overweight, price target raised to $11 from $10) FIRM DEMAND AND FALLING INVENTORIES PROMPT HIGHER PRICE TARGET; CHINESE OUTPUT FIRMER THAN EXPECTED 10/2/2014
WORTHINGTON INDUSTRIES (WOR $37.11, rated Overweight, price target $62) HISTORICAL MARGINS IN STEEL PROCESSING AND CYLINDERS VERSUS APPROPRIATE DISCOUNT RATE OR PRICE-EARNINGS MULTIPLE 10/1/2014
WORTHINGTON INDUSTRIES (WOR $37.11, rated Overweight, price target $62) HISTORICAL MARGINS IN STEEL PROCESSING AND CYLINDERS VERSUS APPROPRIATE DISCOUNT RATE OR PRICE-EARNINGS MULTIPLE 10/1/2014
WORTHINGTON INDUSTRIES (WOR $37.11, rated Overweight, price target $62) HISTORICAL MARGINS IN STEEL PROCESSING AND CYLINDERS VERSUS APPROPRIATE DISCOUNT RATE OR PRICE-EARNINGS MULTIPLE 10/1/2014
WORTHINGTON INDUSTRIES (WOR $37.11, rated Overweight, price target $62) HISTORICAL MARGINS IN STEEL PROCESSING AND CYLINDERS VERSUS APPROPRIATE DISCOUNT RATE OR PRICE-EARNINGS MULTIPLE 10/1/2014
ANGLOGOLD ASHANTI (AU $9.82; rated Neutral with $14 down from $18 price target) HIGHER COSTS AND LOWER GOLD PRICES; OBUASI REMOVED FROM OUR SIMULATIONS UNTIL NEW MODERN MINE PLAN IS ESTABLISHED 11/7/2014
ANGLOGOLD ASHANTI (AU $9.82; rated Neutral with $14 down from $18 price target) HIGHER COSTS AND LOWER GOLD PRICES; OBUASI REMOVED FROM OUR SIMULATIONS UNTIL NEW MODERN MINE PLAN IS ESTABLISHED 11/7/2014
U.S. STEEL (X $37.57, rated Underweight down from Neutral, price target raised to $26 from $18) GOOD COMPANY INTERNAL DYNAMICS BATTLING TOUGHER INDUSTRY CLIMATE 11/10/2014
U.S. STEEL (X $37.57, rated Underweight down from Neutral, price target raised to $26 from $18) GOOD COMPANY INTERNAL DYNAMICS BATTLING TOUGHER INDUSTRY CLIMATE 11/10/2014
ROYAL GOLD (RGLD: $65.64 rated Overweight with $66 price target cut from $68) LOWER GOLD OUTPUT FROM ANDACOLLO AND LOWER GOLD PRICES MOSTLY OFFSET BY FAVORABLE ORE GRADES AT MT. MILLIGAN AND FORECAST 2020 PRODUCTION FROM EUROMAX’S ILOVITZA PROJECT 11/12/2014
ROYAL GOLD (RGLD: $65.64 rated Overweight with $66 price target cut from $68) LOWER GOLD OUTPUT FROM ANDACOLLO AND LOWER GOLD PRICES MOSTLY OFFSET BY FAVORABLE ORE GRADES AT MT. MILLIGAN AND FORECAST 2020 PRODUCTION FROM EUROMAX’S ILOVITZA PROJECT 11/12/2014
TAHOE RESOURCES INC. (TAHO $15.86, rated Neutral with $15 down from $29 price target ) PRICE TARGET CUT DUE TO LOWER SILVER PRICES, HIGHER COSTS PER TONNE AND LOWER MINE PLAN ORE GRADE 11/13/2014
TAHOE RESOURCES INC. (TAHO $15.86, rated Neutral with $15 down from $29 price target ) PRICE TARGET CUT DUE TO LOWER SILVER PRICES, HIGHER COSTS PER TONNE AND LOWER MINE PLAN ORE GRADE 11/13/2014
OSISKO GOLD ROYALTIES (OKSKF US $13.25, OR.to C$15.25) UPGRADED TO OVERWEIGHT WITH US $17 UP FROM US $14 PRICE TARGET ON VIRGINIA MINES ACQUISITION 11/17/2014
OSISKO GOLD ROYALTIES (OKSKF US $13.25, OR.to C$15.25) UPGRADED TO OVERWEIGHT WITH US $17 UP FROM US $14 PRICE TARGET ON VIRGINIA MINES ACQUISITION 11/17/2014