Commodities & Metals
Commodities & Metals Articles
South African gold miner AngloGold Ashanti Ltd. (NYSE:AU) shares are up about 1.5% this morning after the company reported a quarterly net loss of $17 million. The loss was primarily attributed to a...
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When the going gets tough, the tough go for gold. That’s historically the way it’s worked out. And the going is definitely tough now. So what about gold? Is it going up or down? Is gold the place...
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Over the past year, platinum prices have fallen from a high around $2,250/ounce to about $955/ounce. Gold has also dropped from its high of about $1,000/ounce to just below $900/ounce. That’s not...
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Peabody Energy Corporation (NYSE:BTU) reported a huge fourth quarter this morning, and the stock is up around 12% as a result. For the full 2008 fiscal year, Peabody reported EPS of $3.63 on income...
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Copper and gold miner Freeport-McMoRan Copper and Gold Inc. (NYSE:FCX) reported a net loss of $13.9 billion for the fourth quarter of 2008, a whopping -$36.78 EPS. But wait, there’s more: the...
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Gold prices have risen more than $100/ounce in the past two weeks, but this has done little for many of the larger gold companies. We took a look at Barrick Gold Corporation (NYSE:ABX),...
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Alcoa Inc. (NYSE: AA) posted earnings excludling one-time items of -$0.28 EPS on revenue of $5.69 billion. This compares with First Call estimates of -$0.11 EPS on $5.18 billion in revenues. Some...
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Last Friday, Patriot Coal Corporation (NYSE:PCX) announced that it would close its Jupiter mine in March. The company had said in September that it planned to close the West Virginia mine, so the...
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Peabody Energy Corporation (NYSE:BTU) yesterday reduced its production estimates for Wyoming’s Powder River Basin and for its Australian coal mining. The company said it has produced "in excess of...
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Alcoa (AA) announced that it will fire 13,500 people and 1,700 contractors. The full-time people are 13% of the firm’s work force. Alcoa will also freeze hiring and salaries and cut capex by 50%....
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A lot of investors are betting the Dow Chemical’s (DOW) best years are behind it. Shares have dropped from a 52-week high of $43.43 to $19. The stock now trades where it did in 1993. Dow has cut...
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In the current climate, there are hardly any stocks which are hitting new 52-week highs. If you go to the gold sector, the leaders are very far under their highs. Apparently, it seems that Royal...
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There have been several research calls in the potash, agriculture, and fertilizer sector this morning which have pushed stocks higher. Agrium Inc. (NYSE: AGU), Mosaic Co. (NYSE: MOS), Terra...
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We didn’t include Royal Gold, Inc. (NASDAQ:RGLD) in yesterday’s look at mining stocks where we outlined scenarios which would make 2009 a great year or a lousy year for the sector’s key...
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In our preview of energy stocks for 2009 we were able to come up with a company that might actually provide a decent return to investors. Looking at some of the major mining stocks, however, is a...
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