viernes, 7 de noviembre de 2014

Dealing in securities by the chief executive officer of AngloGold Ashanti Limited

Dealing in securities by the chief executive officer of AngloGold Ashanti Limited

Acrobat Version

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirement (“Listings Requirements”), AngloGold Ashanti gives notice that the Chief Executive Officer (Executive Director) of the company has purchased ordinary shares of the company, after receiving clearance to do so as required by paragraph 3.66 of the Listings Requirements.

Details of the purchase are provided below:

 Name of director  Srinivasan Venkatakrishnan
 Name of company  AngloGold Ashanti Limited
 Date of transaction  04 November 2014
 Nature of transaction  On-market purchase of shares
 Class of security  Ordinary Shares
 Number of shares  5,000
 Volume weighted average price
of shares purchased
 R107.987
 Lowest price of shares purchased  R107.78
 Highest price of shares purchased  R108.01
 Total value of shares purchased (excluding
brokerage and other fees)
 R539,936.62
 Nature of interest  Direct Beneficial

This purchase of 5,000 shares by Mr Srinivasan Venkatakrishnan, together with previous purchases (excluding share options that have vested but unexercised), takes Mr Venkatakrishnan’s equity shareholding in AngloGold Ashanti from 81,009 shares to 86,009 shares.

ENDS

JSE SPONSOR: Deutsche Securities (SA) Proprietary Ltd


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Randgold Resources: TR-1 Amendment


JERSEY, CHANNEL ISLANDS–(Marketwired – Nov 7, 2014) – The TR-1 Randgold Resources (LSE: RRS) (NASDAQ: GOLD) announcement released on 28 October 2014 at 07:26 under RNS No 4429V has been amended. The amendment is identified between two asterisks in paragraph 7 below (i.e. *below*).

The full amended text is set out in full as follows.

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

Nasdaq Trading Symbol: GOLD

(“Randgold Resources” or the “Company”)

London, 28 October 2014

 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii Randgold Resources Limited
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached  
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments  
An event changing the breakdown of voting rights  
Other (please specify):  
3. Full name of person(s) subject to the notification obligation:iii BlackRock, Inc.
4. Full name of shareholder(s) (if different from 3.):iv  
5. Date of the transaction and date on which the threshold is crossed or reached:v 24th October 2014
6. Date on which issuer notified: 27th October 2014
7. Threshold(s) that is/are crossed or reached: vi, vii Holding has gone *below* 16%
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of shares if possible using the ISIN CODE   Situation previous

to the triggering

transaction
  Resulting situation after the triggering transaction
Number

of

Shares
  Number

of

Voting

Rights
  Number

of shares
  Number of voting

rights
  % of voting rights x
Direct   Direct xi   Indirect xii   Direct   Indirect
GB00B01C3S32   14,811,371   14,811,371   N/A   N/A   14,791,281   N/A   15.96%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument   Expiration date xiii   Exercise/ Conversion Period xiv   Number of voting rights that may be acquired if the instrument is exercised/ converted.   % of voting rights
                 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument   Exercise price   Expiration date xvii   Exercise/

Conversion period
xviii
  Number of voting rights instrument refers to   % of voting rights xix, xx
CFD               13,850     Nominal     Delta
  0.01%   0.01%
  Total (A+B+C)
  Number of voting rights   Percentage of voting rights
  14,805,131   15.98%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
 
Proxy Voting:
10. Name of the proxy holder:  
11. Number of voting rights proxy holder will cease to hold:  
12. Date on which proxy holder will cease to hold voting rights:  
13. Additional information:   BlackRock Regulatory Threshold Reporting Team
14. Contact name:   Gareth Slade
15. Contact telephone number:   020 7743 2536
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification obligation
Full name
(including legal form of legal entities)
  BlackRock, Inc.
Contact address
(registered office for legal entities)
  55 East 52nd Street, New York, NY 10055

United States of America
Phone number & email   020 7743 2536
EMEAdisclsoure@blackrock.com
Other useful information
(at least legal representative for legal persons)
  Gareth Slade
B: Identity of the notifier, if applicable
Full name   Martin Welsh
Contact address   Randgold Resources Limited

3rd Floor, Unity Chambers

28 Halkett Street

St. Helier

Jersey

JE2 4WJ
Phone number & email   +44 1534 735 333
martin.welsh@randgold.com
Other useful information
(e.g. functional relationship with the person or legal entity subject to the notification obligation)
   
C: Additional information
 
 
Contact:

RNS
Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com

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jueves, 6 de noviembre de 2014

Bristow Hunts for Mine Purchases as Gold Slump Augurs Fire Sales

Mark Bristow, who built Randgold
Resources Ltd. (RRS) by making discoveries across Africa, is turning
to acquisitions as a slump in the bullion price forces rivals to
consider selling mines.

Gold fell to a four-year low of $1,137.94 an ounce
yesterday, below the production costs of seven out of 19
companies tracked by Bloomberg Intelligence, including Harmony
Gold Mining Co. (HAR), South Africa's third-largest producer, and
Primero Mining Corp. (P)

Bristow, chief executive officer of Randgold, sees the
chance to buy mines in Africa that would have once been beyond
the Jersey-based company's reach as peers struggle with debt and
falling profits. AngloGold Ashanti Ltd. (AU), the world's third-biggest producer, said this week it was putting mines up for
sale to cut debt.

"Everyone would like to sell assets that they don't
want," Bristow said today in an interview in London. "We want
assets they don't want to sell. It's going to come as a surprise
to the market as people realize they have to do it. There's
going to be a tipping point."

Bristow said buying a mine, rather than a company, is
Randgold's preferred option.

"Driven by circumstances I believe there are going to be
some opportunities," he said.

Trashed Opportunity

Under Bristow, a geologist by training, Randgold has
generally shied away from doing deals. The gold producer built
its business by finding its own mines, making discoveries in
Mali, Senegal and Ivory Coast. The exception was the 2009
acquisition of Moto Goldmines Ltd. with AngloGold.

As gold prices fell 4.7 percent last week, the Standard &
Poor's/TSX Global Gold Sector Index of 40 producers plunged 16
percent.

Randgold is the best-performing stock in the index in the
past 10 years, rising more than fivefold in the period. The
shares rose 1.2 percent to 3,811 pence as of 12:47 a.m. in
London.

Bristow said many of the gold-mining industry's problems
are self-inflicted as companies racked up debt, chased low-quality assets and over supplied the market during the precious
metal's 12-year bull run.

"A lot of this is deserved," Bristow said. "We trashed
the opportunity of a rising gold price, 10 years of a rising
gold price. We're doing the same again as it comes down. There's
a whole pile wrong."

Ebola Neglect

Bristow was also scathing about the developed world's
response to the Ebola in West Africa. He said the affected
countries were neglected in the early months of the outbreak and
much of the subsequent response has been "hysterical."

"This foolish behavior by so-called first-world countries
and their leadership is damaging," he said. "What it does do
is bring into question the real commitment that the developed
world has to bringing along the rest of the world."

The Ebola outbreak has killed more than 5,000 people,
mostly in Liberia, Sierra Leone and Guinea, according to the
World Health Organization. Randgold has mines in Mali, where
there has been one confirmed case of Ebola, and Ivory Coast,
which borders Liberia and Guinea.

"People play lip service to investment, upliftment and
equality, and it all pales into nothing when you see how people
behave in a situation like this," Bristow said. "You can
manage Ebola. It's not an unmanageable disease."

Randgold today reported a 29 percent decline in third-quarter profit to $58 million, even as sales increased 8 percent
to $376.8 million. The company mined 299,320 ounces of gold in
the quarter at an average cost of $692 per ounce.

The company maintained its full-year production target of
1.13 million ounces to 1.2 million ounces.

To contact the reporter on this story:
Thomas Biesheuvel in London at
tbiesheuvel@bloomberg.net

To contact the editors responsible for this story:
Will Kennedy at
wkennedy3@bloomberg.net
Dylan Griffiths, Ana Monteiro

Press spacebar to pause and continue. Press esc to stop.

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AngloGold Ashanti (AU) Stock Spikes Today After Improved Full Year Guidance

AngloGold Ashanti (AU) Stock Spikes Today After Improved Full Year Guidance


NEW YORK (TheStreet) — AngloGold Ashanti
(AU) shares are up 13.2% to $9.36 on heavy volume Monday after the international gold mining company beat its own third quarter costs and production forecast and narrowed its full year production outlook to the top end of its previous guidance.

The company reported a 10% decrease in all-in-sustaining costs under the previous year to $1,036 per ounce, and an all-in costs decrease of 19% to $1,144 per ounce, while production increased 8% to 1.128Moz, topping guidance.

The company said that its strong performance over the first three fiscal quarters allowed it to tighten its full year production outlook to between 4.35Moz and 4.45Moz from its initial full year guidance of between 4.2Moz – 4.5Moz, despite negative factors such as the sale of its Navachab mine in Namibia and losses associated with earthquakes in South Africa.

Must Read: Warren Buffett’s 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

“We’ve prioritized and have started working on a range of self-help measures to generate cash from within the current operating base to further deleverage the balance sheet over the medium term. We will also consider the sale or partnership of an operating asset, if required,” said CEO Srinivasan Venkatakrishnan.

TheStreet Ratings team rates ANGLOGOLD ASHANTI LTD as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

“We rate ANGLOGOLD ASHANTI LTD (AU) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company’s weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins and generally disappointing historical performance in the stock itself.”

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • You can view the full analysis from the report here: AU Ratings Report

AU Chart
AU data by
YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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miércoles, 5 de noviembre de 2014

Midday Gainers From November 3: Sapient, Covance, Geron And More


Sapient Corporation (NASDAQ: SAPE) +43% – Publicis Groupe announced it will acquire Sapient for $3.7 billion in cash.

Covance Inc. (NYSE: CVD) +25% – Shares are up sharply as the company announced it will be acquired by LabCorp for roughly $5.6 billion.

Geron Corporation (NASDAQ: GERN) – +28% – The company reported that the FDA has removed the full clinical hold on Geron's investigational new drug application for imetelstat.

AngloGold Ashanti Limited ADR (NYSE: AU) +20% – The company announced Q3 results, reporting upbeat metrics. In addition, the company unveiled the Nuevo Chaquiro copper-gold project in Colombia.

ANI Pharmaceuticals Inc (NASDAQ: ANIP) +18% – The company reported financial results Monday morning, beating top and bottom line estimates.

ArcBest Corp (NASDAQ: ARCB) +11% – The company reported financial results showing increased profit from previous year.

See more from Benzinga

  • Numerous Firms Initiate Coverage On Citizens Financial Group Following Quiet Period Expiration
  • UPDATE: Morgan Stanley Initiates Coverage On Twitter
  • Morgan Stanley Calls Spirit Airlines ‘Most Profitable Airline In The World’

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4 Gold Stocks That Can Survive Despite Tumbling Spot Prices

Although, along with oil, gold has been crushed as the spot price continues to fall, that has more to do with dollar strength than any actual failure of the precious metal to hold value. Still, it doesn't make it any easier for investors that have been hammered on both sectors. The precious metal team at RBC dissected the top companies in a new research report, looking for stocks that not only can survive, but that may be incredible buys for long-term investors at these levels.

The analysts stressed in the report that investors should consider royalty-stream companies and certain gold producers with lower debt structure and less leverage. They believe the current gold price pullback presents an opportunity to buy gold equities with strong balance sheets that have very attractive risk-reward profiles.

Eldorado Gold Corp. (NYSE: EGO) is rated Outperform at RBC. The company engages in the exploration, development, mining and production of gold properties in Turkey, China, Greece, Brazil and Romania. Eldorado also explores for iron, silver, lead, zinc and copper ores. Its principal properties include Kisladag and Efemcukuru gold mines located in Turkey; Jinfeng open pit and underground gold mine situated in southern China; and the Olympias gold, silver, lead and zinc development project and the Skouries gold-copper development project located in northern Greece.

Eldorado investors are paid a small 0.3% dividend. The RBC price target for the stock is $9, and the Thomson/First Call consensus target is at $8.46. Eldorado closed Tuesday at $5.11 a share.

ALSO READ: 7 Commodities With Collapsing Prices

Goldcorp Inc. (NYSE: GG) is also rated Outperform at RBC on the potential for solid upside. The company operates as a gold producer involved in the exploration, development and acquisition of metal properties in Canada, the United States, Mexico and Central and South America. Over the past years, Goldcorp has been altering its mine plans, cutting spending and disposing assets in order to reduce costs and focus on the most profitable production, which the CEO recently warned may be lower than current 2014 estimates. Overall, the moves place the company on solid financial ground going forward.

Goldcorp investors are paid a 3.2% dividend. RBC has a $34 price target, and the consensus target is $29.25. Goldcorp ended Tuesday at $18.41.

Randgold Resources Ltd. (NASDAQ: GOLD) is a top mid-cap stock to buy, and it has recorded solid production so far this year from its flagship Loulo-Gounkoto complex in Mali. This increased production has set Randgold up to hopefully achieve its guidance for the year. At the same time, the developing Kibali mine in the Democratic Republic of Congo remains on track to reach its forecast target despite commissioning disruptions. The company has substantial proven and probable reserves totaling 15 million ounces.

Investors in Randgold are paid a 0.6% dividend. We could not find a current rating or price target on the stock from RBC. The consensus target is $88.26. Shares closed trading Tuesday at $59.75.

Silver Wheaton Corp. (NYSE: SLW) is a royalty and streaming stock that the RBC analysts feel very positive about, and they have a rating of Outperform on it. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Its principal portfolio includes silver and precious metal streams on the Barrick's Pascua-Lama project, Hudbay's Constancia project and Vale's Salobo and Sudbury mines.

Silver Wheaton shareholders are paid a 1.4% dividend. RBC has a $31 price target, and the consensus target is posted at $28.38. The stock closed Tuesday at $17.22.

ALSO READ: The 10 Safest High-Yield Dividends

Investors looking to add a portfolio allocation of gold and precious metal stocks should consider scaling in some capital now. Sentiment is horrible, and that is always the time to take a contrarian view. At current price levels, the interest in Asia usually picks up for retail buyers. In addition, the world geopolitical situation always remains dicey, and believe it or not, there may be inflation down the road.

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It was a lackluster trading session for U.S. equities

…with the S&P 500 and Dow Industrials holding around all-time highs reached Friday, while strength in semiconductors boosted the Nasdaq Composite Index to highs not seen since early 2000 (but markets were little changed).

The dollar surged against rivals on better manufacturing data (extending last week gains after Japan QE move), which sent oil prices down to its lowest level since June 2012 (closed below $79).

HammerstoneReport Closing ReCap 11/3/14

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martes, 4 de noviembre de 2014

AngloGold Ashanti (AU) in Focus: Stock Moves Up 22.4%


AngloGold Ashanti Ltd. (AU) was a big mover last session, as its shares rose over 22% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company, as the stock is now down over 13% in the past one-month time frame.

Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AngloGold Ashanti currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Better-ranked gold mining stocks include Pretium Resources Inc. (PVG), Lake Shore Gold Corp. (LSG) and Newmont Mining Corporation (NEM). While Pretium Resources sports a Zacks Rank #1 (Strong Buy), Lake Shore Gold and Newmont Mining Corp. carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report

NEWMONT MINING CORP (NEM): Free Stock Analysis Report

LAKE SHORE GOLD CORP (LSG): Free Stock Analysis Report

PRETIUM RESOURCES INC (PVG): Free Stock Analysis Report

Zacks Investment Research

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Anglogold Ashanti (AU) In A Perilous Reversal


Editor’s Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified
Anglogold Ashanti (
AU) as a “perilous reversal” (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Anglogold Ashanti as such a stock due to the following factors:

  • AU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.9 million.
  • AU has traded 185,421 shares today.
  • AU is down 4.3% today.
  • AU was up 22.4% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in AU with the Ticky from Trade-Ideas. See the FREE profile for AU NOW at Trade-Ideas

More details on AU:

AngloGold Ashanti Limited operates as a gold mining and exploration company. It also produces silver, uranium oxide, and sulphuric acid as by-products. The stock currently has a dividend yield of 0.6%. Currently there is 1 analyst that rates Anglogold Ashanti a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Anglogold Ashanti has been 2.6 million shares per day over the past 30 days. Anglogold Ashanti has a market cap of $3.4 billion and is part of the basic materials sector and metals & mining industry. Shares are down 29.4% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Anglogold Ashanti as a
sell. The company’s weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins and generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

  • The debt-to-equity ratio of 1.24 is relatively high when compared with the industry average, suggesting a need for better debt level management.
  • The gross profit margin for ANGLOGOLD ASHANTI LTD is currently lower than what is desirable, coming in at 33.14%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -5.91% is significantly below that of the industry average.
  • AU’s stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 47.69%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock’s sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • ANGLOGOLD ASHANTI LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ANGLOGOLD ASHANTI LTD swung to a loss, reporting -$6.07 versus $1.70 in the prior year. This year, the market expects an improvement in earnings ($0.51 versus -$6.07).
  • The company’s current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, ANGLOGOLD ASHANTI LTD has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • You can view the full Anglogold Ashanti Ratings Report.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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For more information on Anglogold Ashanti Ltd click any of the following:

  • Anglogold Ashanti Ltd Stock Price

  • Anglogold Ashanti Ltd Analyst
    Ratings

  • Anglogold Ashanti Ltd Key Stats &
    Profile

  • Anglogold Ashanti Ltd Earnings

  • Anglogold Ashanti Ltd Ratio
    Comparison

  • Anglogold Ashanti Ltd Growth Rates

  • Anglogold Ashanti Ltd Balance Sheet

  • Anglogold Ashanti Ltd Cash Flow

  • Anglogold Ashanti Ltd Income Statement

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lunes, 3 de noviembre de 2014

DELiA*s Rebounds As Reports Suggest Delisting May Be Imminent





Value Walk

11/03/14 – 02:17 PM EST

Billionaire stock picks dELiA*s, Inc. NASDAQ:
DLIA, AngloGold Ashanti Limited ADR NYSE:
AU and Enzon Pharmaceuticals Inc NASDAQ:
ENZN made big gains early in the day this Monday. Moving in the opposite direction are Corinthian Colleges Inc NASDAQ:
COCO, American Realty Capital Properties Inc NASDAQ:
ARCP and Laboratory Corp. of America Holdings NYSE:
LH.

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dELiA*s

dELiA*s Climbs Despite Delisting Reports

dELiA*s, Inc.
(DLIA) climbed +36% early in the day, though today’s boost may not be enough to
save it from delisting – which
media outlets have suggested could be imminent. In the
Tiger Global portfolio since the fourth quarter of 2013, DLIA has declined -83.25% year-to-date.

AngloGold Ashanti Limited ADR
(AU) gained +21.16% after
reporting a sharp rise in profits for the third quarter. The gold mining company, a long-time
John Paulson investment, is still down -14.51% for the year.

Enzon Pharmaceuticals Inc
(ENZN) got a +12.09% boost early in the day, though it is still down -14.2% YTD. The biopharmaceutical company has been in
Carl Icahn’s investment portfolio across several quarters, and fellow billionaire
George Soros initiated a position in the firm in Q2.

American Realty Capital Properties Tumbles

Corinthian Colleges Inc
(COCO) dipped -9.78% this Monday. The for-profit educational company has faced a significant amount of criticism in recent months, and last week,
yet another lawsuit was filed against the firm. The new Q2 Soros buy has declined -90.89% YTD.

American Realty Capital Properties Inc
(ARCP) fell -8.34% after this morning’s
announcement that a deal with RCS Capital Corp. for the purchase of Cole Capital is off. ARCP, another Q2 acquisition for Soros, has lost -33.58% over the past month.

Laboratory Corp. of America Holdings
(LH) dipped -7.93% in the wake of
news that it will buy Covance Inc. in a deal worth 6.1 billion. Despite today’s drop, the clinical laboratory company, a
Ray Dalio holding, has gained +9.92% this year.

The post
dELiA*s Rebounds as Reports Suggest Delisting May Be Imminent appeared first on
ValueWalk.

-By iBillionaire

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NYSE stocks posting largest percentage increases


NEW YORK (AP) — A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:

Covance Inc. rose 25.4 percent to $100.17.

Anglogold Ashanti Ltd. rose 21.6 percent to $10.06.

JMP Group Inc. rose 9.0 percent to $7.96.

Hi-Crush Partners LP rose 8.4 percent to $46.75.

Adeptus Health rose 7.5 percent to $35.66.

World Wrestling Entertainment Inc. rose 7.4 percent to $13.27.

King Digital Entert rose 7.3 percent to $12.23.

MPLX LP rose 7.2 percent to $71.50.

AmREIT Inc. rose 7.0 percent to $26.38.

Emerge Energy Services LP rose 6.1 percent to $93.77.

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Gold: big levels and interesting company comments

Gold is flirting with breaking below that $1200/ounce level again.  As the last 3 year chart below for the yellow metal shows this is an important level to be paying attention to – back in July and December 2013 it marked the bottom ahead of a good trading upswing.  

Source: BigCharts.com

So what to think?  Well putting aside conspiracy this and conspiracy that we have to start with the Fed.  The end of QE and a push up for the dollar is classically not the best backdrop for gold.  Add in no immediately obvious inflation and a good GDP print the above price action cannot be the greatest surprise.  

Still there are a number of aspects that make gold a really interesting potential investment today.  Beyond various central banks around the world – including those in China and Russia – continuing to accumulate the 'barbarous relic' (as Keynes once put it) we have gold stocks.  

I came across an interesting chart the other date showing the price to book value for gold stocks with a $1 billion plus market cap.  Thanks to various write downs over the last couple of years the grouping is not quite back to the sub book rating seen about eighteen months ago but, after the last couple of shocking performance days for the space, it is getting ever closer.  

Source: Casey Research, Capital IQ

By my reckoning three gold companies (Barrick Gold, Yamana Gold and New Gold) of a reasonable size have reported their latest quarterly thoughts over the last day or so.  Aside from all three suffering a noticeable reversal in their share price today it was a comment by Barrick Gold specifically that caught my attention.  If business – at some level – is about making profit then the continued reduction in the company's 'all in sustainable cost' (AISC) of producing gold shows even at a depressed low sentiment gold price there is some hope.  

Source: Barrick Gold Q3 presentation document.

As it happens I have never been a huge fan of Barrick Gold versus some of the other large cap peers such as Randgold for example, but even I am impressed by some of their initiatives.  

In a low sentiment area when even companies you have struggled with in the past start making some sense then it is generally time to start paying attention.  I added to my gold stock positions today.   

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Gold Stocks Technical Analysis - New Gold, Randgold Resources, Golden Star Resources, Cia de Minas Buenaventura, and Agnico Eagle Mines


LONDON, November 3, 2014 /PRNewswire/ –

Investor-Edge has initiated coverage on the following equities: New Gold Inc. (NYSE MKT: NGD), Randgold Resources Ltd (GOLD), Golden Star Resources Ltd (NYSE MKT: GSS), Cia de Minas Buenaventura SAA (BVN), and Agnico Eagle Mines Ltd (AEM). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Friday, October 31, 2014, the NASDAQ Composite ended at 4,630.74, up 1.41%, the Dow Jones Industrial Average advanced 1.13%, to finish the day at 17,390.52, and the S&P 500 closed at 2,018.05, up 1.17%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 304.39, up 1.87%, with the index also advancing 1.34% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:  

http://investor-edge.com/register

On Friday, shares in New Gold Inc. fluctuated between $3.52 and $3.70 before ending the session 5.51% lower at $3.60, hitting a new 52-week low of $3.52. The stock reported a trading volume of 7.02 million shares, much above its three months average volume of 3.17 million shares. New Gold Inc.’s shares have plummeted 17.62% in the previous three trading sessions, 29.69% in the last one month and 31.30% on YTD basis. The company’s stock closed below its 50-day and 200-day moving averages of $5.30 and $5.64, respectively. Moreover, shares of New Gold Inc. have a Relative Strength Index (RSI) of 21.27. Sign up and read the free notes on NGD at:

http://www.Investor-Edge.com/NGD-03Nov2014

Randgold Resources Ltd’s stock declined 2.59%, to close the day at $58.21, hitting a new 52-week low of $58.00. The stock recorded a trading volume of 2.29 million shares, much above its three months average volume of 0.76 million shares. The stock oscillated between $58.00 and $59.39 during the session. Over the last three trading sessions and over the past one month, Randgold Resources Ltd’s shares have declined 10.36% and 13.88%, respectively. Further, the stock has lost 7.32% since the start of this year. The company’s stock closed below its 50-day and 200-day moving averages. The stock’s 200-day moving average of $77.44 is above its 50-day moving average of $71.42. Additionally, Randgold Resources Ltd has an RSI of 27.33. The complimentary notes on GOLD can be downloaded as in PDF format at:

http://www.Investor-Edge.com/GOLD-03Nov2014

On Friday, shares in Golden Star Resources Ltd recorded a trading volume of 1.70 million shares, higher than its three months average volume of 0.96 million shares. The stock ended the day at $0.27, which was 6.90% below its previous day’s closing of $0.29, and registered an intraday range of $0.26 and $0.30. Golden Star Resources Ltd’s shares have lost 12.90% in the previous three trading sessions, 34.23% in the last one month and 38.64% on YTD basis. The company’s stock closed below its 50-day and 200-day moving averages of $0.41 and $0.56, respectively. Furthermore, shares of Golden Star Resources Ltd have an RSI of 16.88. Register for free on Investor-Edge and access the latest research on GSS at:

http://www.Investor-Edge.com/GSS-03Nov2014

Cia de Minas Buenaventura SAA’s stock plummeted 8.64%, to close Friday’s session at $9.20, after oscillating between $9.04 and $9.89. The stock recorded a trading volume of 3.67 million shares, above its three months average volume of 1.63 million shares. Cia de Minas Buenaventura SAA’s shares have declined 14.18% in the previous three trading sessions and 18.66% in the last one month. Additionally, from the beginning of 2014, the stock has lost 18.00%. The company’s stock closed below its 50-day and 200-day moving averages. The stock’s 50-day moving average of $12.11 is above its 200-day moving average of $12.05. Further, the stock has an RSI of 23.98. On the same day, Cia de Minas Buenaventura SAA announced its Q3 FY 2014 financial results. For Q4 FY 2014, the company reported net income attributable to Cia de Minas Buenaventura SAA of $78.3 million, or $0.31 per diluted share. The complete research on BVN is available for free at:

http://www.Investor-Edge.com/BVN-03Nov2014

Agnico Eagle Mines Ltd’s stock finished Friday’s session 5.05% lower at $23.50, hitting a 52-week low of $22.20. A total of 5.31 million shares were traded, which was above its three months average volume of 2.33 million shares. The stock moved between $22.20 and $24.00 during the session. Over the last three trading sessions and the previous one month, Agnico Eagle Mines Ltd’s shares have plummeted 20.31% and 22.42%, respectively. Additionally, from the beginning of 2014, the stock has declined 10.92%. The company’s shares closed below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $33.33 is greater than its 50-day moving average of $31.60. Agnico Eagle Mines Ltd’s stock has an RSI of 27.76. Free in depth research on AEM is available at:

http://www.Investor-Edge.com/AEM-03Nov2014

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