Stifel Nicholas

Sell Intrepid Potash (NYSE:IPI) Says Stifel Nicolaus

Stifel Nicolaus recommends investors to sell Intrepid Potash (NYSE:IPI), saying the company is overvalued at this time. Intrepid is trading at over 78x the EPS estimate of the company for 2010. That’s about 105 percent above the PE of its peers in the agriculture sector. They’re also about 62 percent over the average EV/EBITDA multiple for the Ag sector. Stifel maintains their “Sell” rating on

Continue Reading »

Goldcorp (NYSE:GG) Soars and Scores in Third Quarter

Goldcorp (NYSE:GG) soared over 5 percent by the close of trading Thursday, ending the session at $44.29, after a stunning performance in the third quarter. What was most impressive was its management of costs, even though the reported story will probably be the fact they increased profits y four times the same quarter last year, reaching $4.66.5 million, or 63 cents a share. That’s up from

Continue Reading »

Newmont (NYSE:NEM) Downgraded by Stifel Nicolaus

Newmont Mining (NYSE:NEM) was downgraded from “Buy” to “Hold” by Stifel Nicolaus, as concerns over the lower production at the Boddington mine in Australia by analyst Heather Douglas was the reason for the downgrade. Valuations seem to be too high after the approximate 30 percent increase in share price this year, and with Boddington not producing at levels it was expected to, expectations are

Continue Reading »

Stifel Nicholas Initiates Coverage on IAMGOLD (NYSE:IAG), Eldorado (NYSE:EGO), Kinross (NYSE:KGC), Others

Stifel Nicholas initiated coverage on a large number of gold mining companies today, including IAMGOLD (NYSE:IAG), Eldorado (NYSE:EGO), Kinross (NYSE:KGC), Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), Osisko Mining (TSE:OSK), European Goldfields (TSE:EGU) and Newmont Mining (NYSE:NEM). Eldorado Gold, Barrick Gold, Kinross Gold and Goldcorp were all started off with “Holds” by Stifel. While

Continue Reading »