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New Gold Up 10% Following Earnings Beat, But Analyst Remains Skeptical
Friday, November 12, 2021 - 4:51pm | 424New Gold Inc (NYSE: NGD) shares gained more than 10% on Friday after the company reported a third-quarter earnings beat, but at least one analyst remains skeptical of the gold producer’s long-term upside. The Analyst: Bank of America analyst Michael Jalonen reiterated his Underperform rating...
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Why Investors Should Buy Deere Instead Of Caterpillar
Wednesday, September 29, 2021 - 12:18pm | 510In recent months, construction equipment maker Caterpillar Inc. (NYSE: CAT) has made several announcements regarding plans for high-profile green energy projects. Bank of America analyst Ross Gilardi said Tuesday that Caterpillar’s clean future is in the very early stages at this point...
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Bernstein's Bullish Stance On BHP Has Come To An End
Monday, January 22, 2018 - 3:49pm | 409Analysts at Bernstein's bullish stance on BHP Billiton Limited (ADR) (NYSE: BHP) was based on the premise that the involvement of activist investor Elliott Management would bring in some of the necessary changes to the company. But Monday, the firm parted ways with its bullish stance after...
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Rio Tinto Announces Asset Sale For $224 Million, Notes Transaction Will 'Deliver Significant Value' For Shareholders
Wednesday, January 27, 2016 - 10:56am | 162Shares of Rio Tinto plc (ADR) (NYSE: RIO) were trading lower by around 1 percent on Wednesday despite the company's announcement of an asset sale. Rio Tinto said in a press release it has reached an agreement to sell its Mount Pleasant thermal coal assets to MACH Energy Australia Pty Ltd...