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Gold Rush Begins As Fed Hints At Rate Cuts: 5 Mining Stocks Glitter With Over 30% Rally This Month
Friday, March 22, 2024 - 11:56am | 649The price of gold reached all-time high of over $2,200 per ounce this week, reacting positively to the indications emerging from the latest Federal Open Market Committee (FOMC) meeting in which policymakers reiterated their intentions to cut interest rates three times in the current year. The...
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Double Upgrade For Iamgold After Rosebel Sale: These Assets Could Be Next, Analyst Says
Wednesday, October 19, 2022 - 12:42pm | 279Iamgold Corp. (NYSE: IAG) sold a 95% interest in Rosebel Gold Mines N.V. to Zijin Mining of China at a price that is “well above" the carrying value of $177 million. The deal represents a significant move in addressing the funding gap for the development of the Côté Gold...
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Ukraine War Has Uranium Prices Soaring, Analyst Says Buy This Uranium Producer
Tuesday, April 12, 2022 - 3:30pm | 395Uranium prices have skyrocketed since Russia invaded Ukraine, and one analyst said Tuesday that investors can expect upward pricing pressure on uranium to persist for the foreseeable future. The Analyst: Bank of America analyst Lawson Winder reiterated his Buy rating for integrated uranium producer...
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7 Best Metal And Mining Stocks To Buy
Friday, March 18, 2022 - 8:34am | 1036Commodity prices have soared so far in 2022 as the combination of U.S. dollar inflation, stock market instability, supply chain disruptions and geopolitical conflict has driven demand for gold, silver, copper and other metals. Gold and other precious metals serve as both an inflation hedge and a...
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Why BofA Bullish Is On Aluminum, Reinstating Buy Rating For Alcoa
Wednesday, March 16, 2022 - 11:49am | 253Alcoa Corp (NYSE: AA) aims to become first quartile in aluminum by 2024, while the sentiment is bullish for aluminum due to capped Chinese supply, potential risks on Russia’s supply and Europe facing supply headwinds due to high energy costs, according to BofA Securities. The Alcoa Analyst:...
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2 Copper Stocks To Buy Right Now
Wednesday, September 29, 2021 - 12:50pm | 400Precious metal prices have been on the rise in 2020, and one analyst is bullish on two big-name copper producers. The Analyst: Bank of America analyst Lawson Winder reinstated coverage of Teck Resources Ltd (NYSE: TECK) with a Buy rating and $36 price target. He also reinstated coverage of...
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Why BofA Is Raising Its 2022 Uranium Price Forecast By 41%
Tuesday, September 14, 2021 - 4:12pm | 501Uranium stocks are the latest to grab the attention of Reddit’s WallStreetBets community, and surging uranium futures prices have prompted one Wall Street analyst to raise his triuranium octoxide price targets. The Analyst: On Tuesday, Bank of America analyst Lawson Winder reiterated a...
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7 Stocks To Buy Under $5
Thursday, February 6, 2020 - 11:35am | 1097Despite a coronavirus scare, the S&P 500 has held up relatively well do far in 2020 and is trading within a stone’s throw of all-time highs. With the market up so much in recent years, it can be difficult for small-time investors to find affordable stocks to buy at relatively low prices....
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Stillwater Investors Take Profits Despite BofA's Reinstated Buy Rating
Thursday, June 9, 2016 - 4:10pm | 223Investors of Stillwater Mining Company (NYSE: SWC) took profits despite Bank of America Merrill Lynch reinstated its Buy rating on the stock, saying it's a preferred investment vehicle to gain PGM exposure. "In our view, Stillwater is a preferred way for Investors to gain Platinum...