By GuruFocus, Contributor According to GuruFocus’ list of 52-week lows, these Guru stocks have reached their 52-week lows. …read more
Source: FULL ARTICLE at Forbes Latest
Tag Archives: ABX
GDX, ABX, GG, NEM: Large Outflows Detected at ETF
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Gold Miners ETF (AMEX: GDX) where we have detected an approximate $100.8 million dollar outflow — that’s a 1.3% decrease week over week (from 198,552,500 to 195,902,500). Among the largest underlying components of GDX, in trading today Barrick Gold Corp. (NYSE: ABX) is off about 1.1%, Goldcorp Inc (NYSE: GG) is off about 0.7%, and Newmont Mining Corp. (NYSE: NEM) is lower by about 0.7%. For a complete list of holdings, visit the GDX Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets
Guru Stocks at 52-Week Lows: BIDU, ABX, APA, PKX, MT
By GuruFocus, Contributor According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. …read more
Source: FULL ARTICLE at Forbes Latest
Guru Stocks at 52-Week Lows: AMX, AMOV, BIDU, ABX, GG
By GuruFocus, Contributor According to the GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. …read more
Source: FULL ARTICLE at Forbes Latest
Notable ETF Inflow Detected – GDX, ABX, GG, NEM
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Gold Miners ETF (AMEX: GDX) where we have detected an approximate $142.3 million dollar inflow — that’s a 2.0% increase week over week in outstanding units (from 191,902,500 to 195,752,500). Among the largest underlying components of GDX, in trading today Barrick Gold Corp. (NYSE: ABX) is off about 0.9%, Goldcorp Inc (NYSE: GG) is off about 0.7%, and Newmont Mining Corp. (NYSE: NEM) is up by about 0.7%. For a complete list of holdings, visit the GDX Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets
Eleven Stocks Expected to Rise by 50% to 100% — or More
Filed under: Earnings, Value Investing
Investors are always looking for new ideas. Now that the Dow Jones Industrial Average is trying to hit new highs and investors are pouring record inflows of capital into stocks, investors should remember that stocks basically have doubled from their lows in the recession. Analysts on Wall St. make routine calls that are the equivalent of Buy, Sell or Hold. Some of the calls come with great risk, and some come with great rewards to those analysts who are insightful enough to make strong calls that come true.
24/7 Wall St. has gone through a recent batch of analyst calls looking for those stocks that imply upside of 50% or more. We compiled a list of recent calls and recent developments where analysts expect certain stocks to rise by about 50% or much more. In this analysis we have shown the calls and compared them to consensus price targets from Thomson Reuters‘ pool of analysts. We have also added color on these if applicable.
The list of potential 50% upside stocks includes the following companies: Apple Inc. (NASDAQ: AAPL), Barrick Gold Corp. (NYSE: ABX), Forestar Group Inc. (NYSE: FOR), GNC Holdings Inc. (NYSE: GNC), Nanosphere Inc. (NASDAQ: NSPH), Nokia Corp. (NYSE: NOK), Oncolytics Biotech Inc. (NASDAQ: ONCY), Peabody Energy Corp. (NYSE: BTU), Penn Virginia Corp. (NYSE: PVA), Sequenom Inc. (NASDAQ: SQNM) and VIVUS Inc. (NASDAQ: VVUS).
It was just back on January 4, 2013, when the year was getting underway that we covered 12 other stocks that analysts expected would rise 50% to 100%, or even more. None of these stocks overlap due to 60 days having passed. More of those stocks are up than down, but we would show the risk versus reward here. One is up 62% and one is up 85% since that first list, but one stock is down 68% since then.
Investors always look for stocks to buy that can bring rewards. We would point out that most of these companies are not exactly considered your stable blue chip stocks you might find in the Dow Jones Industrial Average. Another observation is that most do not pay dividends.
Filed under: 24/7 Wall St. Wire, Analyst Calls, Value Investing Tagged: AAPL, ABX, BTU, FOR, GNC, NOK, NSPH, ONCY, PVA, SQNM, VVUS
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Major Gold Miners Strike New 52-Week Lows (GDX, NEM, AU, ABX, GG)
Filed under: Commodities & Futures
This will not sound nice, but it isn’t meant to: It really sucks to be a gold miner right now.
Gold prices have lost the wind at their back, gold production prices are higher and demand for the shiny yellow metal is not being juiced up by industries and consumers. Labor issues in many parts of the developing world have also turned what had been a risk into an actual higher cost event. We recently gave an update with a muted outlook after taking World Gold Council data into consideration.
To show just how bad thing shave been: the Market Vectors Gold Miners ETF (NYSEMKT: GDX) hit a new 52-week low of $36.47 on Monday against a prior 52-week range of $37.02 to $55.25. But wait, it gets worse. The ETF tracks the NYSE Arca Gold Miners Index. This index appears to be at a three-year low.
Here is what we are seeing in other gold majors:
Newmont Mining Corp. (NYSE: NEM) is down 1.6% at $38.95, under the prior low of the past year as the 52-week range is $39.56 to $59.03, and it is now under $20 billion in market cap. This is the lowest price back to August of 2009, if you do not pay attention to dividends.
AngloGold Ashanti Ltd. (NYSE: AU) is at $23.77, versus a prior 52-week range of $23.88 to $41.20. This is the lowest going back to February of 2009.
Barrick Gold Corp. (NYSE: ABX) is at a new 52-week low of $28.89, versus a prior 52-week range of $29.33 to $47.24. This $29 billion value compares to a low back in December of 2008 if you do not count dividend payments.
Goldcorp Inc. (NYSE: GG) is still worth $26 billion, and at $32.05 after a 1.5% drop, it still has 2% to go before hitting a new 52-week low.
What is interesting is that gold itself is at $1,574 per ounce. That is still more than $30 above the 52-week low from May of 2012. The World Gold Council noted that gold was up about 8% in dollar terms in 2012, and that was the 12th consecutive annual gain.
Filed under: 24/7 Wall St. Wire, Commodities & Metals, Metals Tagged: ABX, AU, GDX, GG, NEM
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Barrick Gold Ex-Dividend Reminder
On 2/26/13, Barrick Gold Corp. (Toronto: ABX) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 3/15/13. As a percentage of ABX‘s recent stock price of $31.00, this dividend works out to approximately 0.65%, so look for shares of Barrick Gold Corp. to trade 0.65% lower ? all else being equal ? when ABX shares open for trading on 2/26/13.
Click here to find out which 9 other Canadian stocks going ex-dividend you should know about, at DividendChannel.com » …read more
Source: FULL ARTICLE at Forbes Markets
Barrick Gold Starts Sale Process for Barrick Energy
Barrick Gold Corp. (ABX, ABX.T), the world’s largest gold miner, said it has begun a process to sell off its energy unity, Barrick Energy.
Source: FULL ARTICLE at Fox Business Headlines
Argentina Province Clears Barrick Mines in Review of Impact on Glaciers
Argentina’s mineral-rich San Juan Province has cleared two mines owned by Barrick Gold Corp. (ABX, ABX.T) of posing a threat to Andean glaciers in a move likely to be contested by environmentalists trying to use a glacier protection law to stop several mines.
Source: FULL ARTICLE at Fox Business Headlines