Commodities & Metals
Commodities & Metals Articles
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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What a great way to fire people. Dow Chemical (DOW) chopped 5,000 full-time people and cut 6,000 contractors. Its press release on the plans said the firm was announcing "a series of aggressive...
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In the past month, gold mining stocks have hit new 52-week lows. On October 27th, Barrick Gold Corporation (NYSE:ABX) bottomed out at $17.27, Goldcorp (NYSE:GG) hit $13.84 on the same day, and...
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We’ve already conducted the post-mortem on the failed bid by Australia’s BHP Billiton (NYSE:BHP) for Britain’s Rio Tinto (NYSE:RTP). There are just a couple of details worth noting. “The Next...
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