Tag: combination

EOG Resources’ Target, Estimates Boosted at Goldman Sachs (EOG)

Natural gas producer EOG Resources, Inc. ( EOG ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm maintained its “Buy” rating on EOG and boosted its price target from $117 to $121. That new target implies a 16% upside to the stock’s Thursday closing price of $104.22. Goldman also raised its earnings estimates for the company through 2013, following its better-than-expected fourth quarter earnings results. The analyst commented, “EOG remains a leader in developing horizontal resource plays, and the combination of superior liquids growth (28% expected CAGR 2011-14), superior cash-on-cash returns (13.7% 2011-14 avg) and exploration upside as reasons why EOG should not trade at a discounted EV/EBITDA multiple vs. peers.” EOG Resources shares rose $1.04, or +1%, in premarket trading Friday. The Bottom Line Shares of EOG Resources ( EOG ) have a .59% dividend yield, based on last night’s closing stock price of $104.22. The stock has technical support in the $95-$100 price area. If the shares can firm up, we see overhead resistance around the $110-$114 price levels. EOG Resources, Inc. ( EOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Junior Gold Miners May Be the Best Stocks to Buy in 2009

Filed in Australian Gold, Gold, inflation, miners by on September 3, 2010 0 Comments

Junior gold miners have been beat up as much, if not more than the rest of the market. With gold holding its ground and the combination of growing economic uncertainty with probable inflation ahead, these gold stocks may be poised for …

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T. Rowe Price Downgraded to “Neutral” at Ticonderoga Securities (TROW)

Filed in dividend, Gold, Gold Investing, shares, ubs by on June 22, 2010 0 Comments
T. Rowe Price Downgraded to “Neutral” at Ticonderoga Securities (TROW)

Investment advisor T. Rowe Price Group, Inc. ( TROW ) saw its rating cut on Tuesday by analysts at Ticonderoga Securities. The firm lowered its rating on TROW to “Neutral” from “Buy,” noting that “Shattered retail confidence, substantial equity fund outflows, continued passive penetration, and the prospects of a fiduciary standard present near-term headwinds for the mutual fund business. In our opinion, this combination of factors should continue to drive underwhelming flow trends for the publicly traded asset managers. In conjunction with this view, as well as emerging pressure on the 401k business from the SEC and the Department of Labor, we are downgrading our rating.” T. Rowe Price shares fell 48 cents, or -1%, in premarket trading Tuesday. The Bottom Line Shares of TROW have a dividend yield of 2.21%, based on last night’s closing stock price of $48.76. The stock has technical support in the $43-$45 price area. If the shares can firm up, we see overhead resistance around the $55 price level. We would remain on the sidelines for now. T. Rowe Price Group, Inc. ( TROW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Bullish on China ETF

Filed in Gold, lead, shares, silver by on June 10, 2010 0 Comments
Bullish on China ETF

Let’s notice that the iShares FTSE/Xinhua China 25 Index (NYSE: FXI) peaked at 46.66 in November 2009 and was in the confines of a coil-like corrective pattern into the series of May lows near 36.60/25. Since early May, the FXI has carved out a 5-week basing pattern which could be the second coordinate of a larger Double Bottom formation established in February 2010. Right now, the combination of the base formations argues for higher prices near term that project into the 41.50 area, on the way to test the multi-month resistance line in the vicinity of 44.50. Furthermore, there appears to be a reliable 15-16 week trading day cycle that bottomed in mid-May, which is exerting positive influence on prices into the first week of July. It is with the foregoing in mind, as well as because the FXI pattern appears to be ahead of, or leading, the major U.S. equity market indices, that we are long the China equity market in our model portfolio. MJP 6/10/10 11:30 AM ET (40.05)

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Invesco Closes MS/Van Kampen Deal – Analyst Blog

Filed in earnings, Gold Investing, shares, silver, sov by on June 2, 2010 0 Comments

On Tuesday, Invesco Limited ( IVZ ) declared the closure of its previously announced deal to acquire the retail asset management business of Morgan Stanley ( MS ), including its Van Kampen division, for $1.5 billion. Specializing in mutual funds and retirement services, Van Kampen is one of the largest investment firms in the U.S. According to the terms, Invesco completed the deal in exchange for a combination of cash and equity, providing Morgan Stanley with $800 million in cash and 30.9 million shares in Invesco. This makes Morgan Stanley the largest shareholder in Invesco. Associating with Invesco will enable Morgan Stanley to unlock good value for its retail asset management business as it will now be able to focus on institutional business such as endowments, sovereign wealth funds, pension plans and central banks, among others. On the other hand, the combination of Invesco’s diversified product portfolio and Van Kampen’s product strengths along with its distribution potential will create a formidable source of retail asset management services. With the completion of the acquisition, Invesco is now better positioned to meet the demands of its clients across the world with more than 700 investment professionals and a comprehensive range of diverse investment strategies. Invesco expects the transaction to be increasingly accretive to its earnings. This transaction is expected to increase the earnings per share by 21 cents in the first year and 23 cents in the second year. Invesco’s first-quarter 2010 earnings came in at 27 cents per share, only a penny ahead of the Zacks Consensus Estimate of 26 cents. This also compares favorably with earnings of 11 cents in the prior-year quarter. Headquartered in Atlanta, Georgia, Invesco operates as an independent investment manager and offers a broad range of investment products and services. We expect significant improvement in operating leverage from Invesco’s expense reduction initiatives. Furthermore, due to its broad diversification, the company should benefit from the improvement in global investment flows. Read the full analyst report on “IVZ” Read the full analyst report on “MS” Zacks Investment Research

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Newmont (NYSE:NEM) Ready to Start Doris North Gold Mine

Filed in Doris North, Gold, Gold Prices, Newmont Mining Corp, silver by on April 14, 2010 0 Comments

Newmont Mining Corp. (NYSE:NEM) said they’re looking at starting up its Doris North gold mine after an a one year hiatus from the project.Although the Doris North mine is a small one, with an estimated 300,000 ounces of gold there. Reopening Doris North would probably be a prelude to nearby projects, which contain much more gold, as the combination of Doris Central, Boston and Madrid mines hold

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Mobango Pushes the Envelope in Application Discovery

Filed in Gold Investing by on March 15, 2010 0 Comments

Mobango, the first social mobile application store, proves that the combination of its app-promotion service and the Mobango UGC community of 5m members, helps developers to be dramatically more effective in driving downloads of their apps compared Mobango Pushes the Envelope in Application Discovery

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