Yahoo Finance Today’s Research Reports on Stocks to Watch: LIVENT CORP and Barrick Gold
NEW YORK, NY / ACCESSWIRE / October 12, 2018 / Shares of LIVENT didn’t impress on their first day of trading in the market yesterday. The lithium producer opened below its IPO price. Shares of Barrick Gold on the other hand were soaring along with other gold stocks as investors looked for a safe haven on concerns over the market falling and inflation.
RDI Initiates Coverage on:
LIVENT CORP.
https://www.rdinvesting.com/report/?ticker=LTHM
Barrick Gold Corporation
https://www.rdinvesting.com/report/?ticker=ABX
LIVENT CORP. shares closed in the red on Thursday on their first day of trading on the NYSE. The stock traded nearly 11.5 million shares and hit as high as $16.98 as it debuted in the market. The lithium producer's IPO price was below expectations and first traded at $16.25 at 10:05 A.M. ET for 1.99 million share. The stock's IPO price was $17 and was expected to price at $18 to $20 a share. The company holds the lithium business of pesticides maker FMC Corp. CEO Paul Graves is optimistic though and has said, "The demand pattern for electric vehicles goes on and on, and continues to accelerate,” said Graves, who was previously FMC’s chief financial officer. “I see a real challenge for our industry to meet that demand.” He also said, "We understand there has been a bit of a tug-of-war sentiment around demand and supply in the lithium space,” said Graves. But the stock drop “doesn’t really change our long-term plan and thesis."
Access RDI’s LIVENT CORP. Research Report at:
https://www.rdinvesting.com/report/?ticker=LTHM
Barrick Gold Corporation shares were up 9.39% on Thursday on about 49 million shares traded. Trading volume was tremendous compared to the stock's average trading volume of roughly 15 million shares. It looks like Wall Street's worries over inflation and a falling market helped shares of gold stocks including Barrick Gold jump higher in trading yesterday. The price of gold soared to over $1,220 on Thursday. Barrick had recently announced preliminary production results for the third quarter. The company announced sales of 1.20 million ounces of gold, and 114 million pounds of copper, as well as preliminarythird quarter production of 1.15 million ounces of gold, and 106 million pounds of copper.
Access RDI’s Barrick Gold Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=ABX
Our Actionable Research on LIVENT CORP. (LTHM) and Barrick Gold Corporation (NYSE: ABX) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDinvesting.com
