18th May 2016 15:43
(ShareCast News) - Macquarie boosted its forecast for the price of iron ore in 2017 on the back of burgeoning steel demand in the People's Republic of China and deferrals in supplies, but cut those for 2018 and 2019. In a research note dated 16 May the broker hiked its 2017 iron ore price forecast b
Read more9th May 2016 10:26
(ShareCast News) - Centamin continued to be a "top-quality" group but investors were now paying too much for that quality, analysts at Citi said. The Egypt-focused gold miner's share price had doubled over the first four month of 2016 and now exceeded the broker's target price, analyst Jon H. Bergth
Read more6th May 2016 19:01
(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken
Read more3rd May 2016 08:18
(ShareCast News) - Egypt-based gold miner Centamin said first quarter earnings before interest, tax, depreciation and amortisation rose to $67.4m from $53m a year earlier. Net profit was up to $40.85m from last year's $28.57m. Earnings per share were 3.56 cents from 2.50 cents while revenues rose to
Read more20th Apr 2016 13:47
(ShareCast News) - The slight improvement in China's fundamentals did not justify in miners' equity prices, Investec said, but recent events surrounding the sector nevertheless prompted the broker's analysts to boost their target prices for many of the companies under their coverage and to move to a
Read more18th Apr 2016 12:25
(ShareCast News) - Numis reiterated an 'add' rating on Centamin and raised the target price to 110p from 100p after the miner reported a jump in first quarter production Centamin earlier this month reported a 6.4% increase in gold production at its flagship Sukari gold mine in Egypt to 125,268 ounce
Read more18th Apr 2016 11:00
(ShareCast News) - Numis reiterated an 'add' rating on Centamin and raised the target price to 110p from 100p after the miner reported a jump in first quarter production. Centamin earlier this month reported a 6.4% increase in gold production at its flagship Sukari gold mine in Egypt to 125,268 ounc
Read more11th Apr 2016 16:20
(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep
Read more7th Apr 2016 14:21
(ShareCast News) - By mid-afternoon on Thursday, the FTSE 250 was down 0.41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains. The biggest faller in the mid cap index was Kaz Minerals as it was downgraded among a wider JP Morgan Cazenov
Read more7th Apr 2016 07:27
(ShareCast News) - Gold miner Centamin said first quarter production from its Sukari operation in Egypt rose 6.5% compared with the previous period to 125,268 ounces. The company said it maintained full year production guidance of 470,000 ounces. Quarterly throughput at the process plant was 2,876k
Read more1st Apr 2016 10:28
(ShareCast News) - Greatland Gold's non-executive chairman Andrew Bell bought a 2.39% stake in the Tasmanian exploration tiddler days after the company stated its much improved confidence new strategy. Bell snapped up 23.7m Greatland shares at a bargain basement price of 0.132p per share. While thi
Read more30th Mar 2016 09:32
(ShareCast News) - Centamin's shares advanced on Wednesday as Canaccord Genuity raised its target price to 110p from 105p and reiterated its 'buy' rating on the gold miner's stock. The Egypt-based company last Monday reported a 28% fall in pre-tax profit to $58.4m (£40.5m) in 2015, down from $81.5m
Read more24th Mar 2016 13:36
(ShareCast News) - Societe Generale upgraded B&Q owner Kingfisher to 'hold' from 'sell' and lifted the price target to 359p from 333p following the company's results on Wednesday. The bank said some early signs of recovery in the French home improvement market, together with a weaker reporting curre
Read more24th Mar 2016 09:46
(ShareCast News) - Goldman Sachs downgraded Gold Fields and Fresnillo as it took a look at gold producers, but kept its positive stance on AngloGold and Centamin, saying fully-covered dividends and sound balance sheets were a rarity in the mining sector. It cut South Africa's Gold Fields to 'sell' f
Read more21st Mar 2016 07:44
(ShareCast News) - London stocks are set to open lower on Monday as investors look for fresh catalysts at the start of a four-day week. The FTSE 100 is seen starting 28 points lower than Friday's close at 6,162. "The run up to the Easter Bank Holiday weekend is likely to be a quieter one both in te
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