Commodities & Metals
Commodities & Metals Articles
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.
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Farmers are supposed to be frugal and that characteristic may serve them well. After getting fat and happy off high agricultural goods prices, they get to be on the poor end of commodities deflation....
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Gold mining stocks have a real challenge in the current environment. The top companies like Barrick (NYSE:ABX), Goldcorp (NYSE:GG), and Newmont (NYSE:NEM) are doing all they can to reduce costs in...
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Before the market opened this morning, Uranium Resources Inc. (NASDAQ:URRE) announced revenue of $4 million for the third quarter and a net loss of $14 million (-$0.25 EPS) due to lower sales and...
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If memory serves, commodities prices were too expensive at mid-year. Corn was too high for ethanol companies to make money. One of the largest, Verasun (VSE), just went bankrupt. Oil prices were so...
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There are two companies which have reported earnings where the reactions to the same sort of news were entirely different. Here are the reports at MDU Resources (NYSE:MDU) and Massey Energy...
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South Africa-based Gold Fields Ltd. (NYSE:GFI) and US-based Newmont Mining (NYSE:NEM) both reported quarterly earnings before the market opened this morning. Newmont beat EPS estimates by a penny and...
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Arch Coal (NYSE:ACI) reported solid earnings for the third quarter today, but its share price has fallen more than 4% since the market opened this morning. Arch reported EPS of $0.68, compared with...
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Potash Corp. of Saskatchewan (NYSE: POT) is seeing a recovery this morning. The potash and fertilizer giant posted earnings at $3.93 EPS vs. $3.57 estimates on a 136% revenue gain. The company is...
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Two small-cap steel companies reported earnings before the market opened today. Insteel Industries (NASDAQ:IIIN) beat analysts’ estimates of $0.60 EPS on $101 million in revenue, posting EPS of...
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Alpha Natural Resources (NYSE:ANR) has sold its majority interest in lime manufacturing plant in Kentucky and 17.6 million tons of coal that still needs to be mined. The after-tax gain from the sale...
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Phosphate Holdings, Inc. (OTC-PHOS) looked like it was going to be an initial public offering, but this OTC company has filed to sell up to $200 million in common stock in a secondary offering. We...
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Standard & Poor’s Ratings Services has already put GM’s credit ratings on watch today, and the ratings agency is also putting the credit rating of Alcoa, Inc. on "Negative Outlook" from a...
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