Tag: increased-its

Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) as China Increased Gold Imports

The broader gold market today was soaring up till about noon, as news China has significantly increased its gold imports over the last year caused most gold miners, including large-caps Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), and Newmont Mining (NYSE:NEM) to make nice upward moves, although as happens many times, speculators moved in and out of the market in that time frame and gold prices

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Alamos (TSE:AGI) Increases Semi-annual Dividend

Alamos Gold (TSE:AGI) increased its semi-annual dividend again, bumping it up by 17 percent. In April the company declared a dividend of 3 cents a share, and it was increased to 3.5 cents a share now. CFO John Morda said in a statement, “This dividend increase reflects our balance sheet strength, increased realised gold sale prices, and our continued ability to generate strong cash flows from

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Stone Maintains OUTPERFORM on Suntech (NYSE:STP)

Filed in Gold Investing, Gold Prices, Guidance by on June 3, 2010 0 Comments

June 3, 2010 – Analyst Comments – Cowen’s Rob Stone weighed in on Suntech’s (NYSE:STP) Q110 financial results this morning, maintaining an OUTPERFORM rating on the stock, noting that, at 1.1x book, he thinks the risk/reward on a 12-month basis looks favorable. Financial ResultsSuntech reported Q110 revenues of $588 million, compared to $583.6 million for Q409 and $315.6 million for Q109, with gross margin of 19.4%, 23.7% and 17.8%, respectively. Net income for Q110 came in at $20.7 million, or $0.11 per diluted share, compared to net income of $44 million for Q409 and $1.7 million for Q109. From an operational perspective, total shipments were up 11% sequentially and 182% Y/Y. In terms of guidance, management expects single digit percentage growth in shipments in Q210, with consolidate GM in the high teens. It increased its FY10 shipment target to more than 1.3GW from 1.25GW, and said it is on track to expand cell production capacity to 1.4GW by the end of Q210 (450MW will be Pluto-enabled). Key Takeaways Sees potential EPS downside from FX loss Expects some late-year erosion on shipments in anticipation of 2011 FIT cuts Thinks successful ramp of Pluto could drive improved GM next year

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Barrick Gold (TSE:ABX) Estimated Earnings Preview

Barrick Gold is (TSE:ABX)(NYSE:ABX) due to report earnings, and if analysts’ estimates are close, they should enjoy a good quarter with earnings per share increasing from 42 cents a share the same quarter last year, on $1.8 billion in revenue, to 56 cents a share the latest quarter on $2.4 billion in revenue.The company has also reportedly increased its margins from 41.9 percent last year to

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European Investment Bank lending soars to $107b

Filed in Gold Holdings by on March 8, 2010 0 Comments

The European Investment Bank says it increased its lending by 37 percent in 2009 from the previous year. The development bank says its loans jumped to a record euro79 billion ($107 billion) from euro58 billion in 2008. The EIB focused financing on s European Investment Bank lending soars to $107b

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Toromont raises offer for Enerflex

Filed in Gold Holdings, Gold Investing by on January 6, 2010 0 Comments

Jan 7 – Canada’s Toromont Industries Ltd said it raised its offer to acquire Enerflex and that the revised offer had the support of Enerflex’s board. Toromont, which had increased its offer to C$14.25 per unit, or $631 million in December, said i Toromont raises offer for Enerflex

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Toromont raises offer for Enerflex

Filed in Gold Investing by on January 6, 2010 0 Comments

Jan 7 – Canada’s Toromont Industries Ltd said it raised its offer to acquire Enerflex and that the revised offer had the support of Enerflex’s board. Toromont, which had increased its offer to C$14.25 per unit, or $631 million in December, said i Toromont raises offer for Enerflex

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USD Mixed BOE Increases Asset Purchases by £25bln 5-11-2009

Filed in Gold Holdings, Gold Investing by on November 5, 2009 0 Comments

USD Mixed, BOE Increases Asset Purchases by £25bln FX Highlights The USD is trading lower pressured by the Fed’s decision Wednesday to maintain low yields for an extended period, GBP supported by a report that the BOE increased its …

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Washington Post Co. says newspaper cost cuts help it achieve a 69 percent jump in 3Q profit

Filed in Gold Demand by on October 30, 2009 0 Comments

Cost cuts lead Washington Post to big profit jump NEW YORK — The Washington Post Co. increased its profit 69 percent in the third quarter, as the company cut costs to narrow losses in its newspaper division and kept business steady at its cable TV and education divisions. The company, which owns Newsweek magazine, Kaplan education services

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