1.16k followers • 31 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that were removed from most watchlists by Yahoo Finance Users. This list is generated daily and limited to the top 30 stocks that meet the criteria.
'Death Cross' Looming for Natural Gas Prices(Continued from Prior Part)Required fall in inventoriesOn February 21, the EIA (U.S. Energy Information Administration) is scheduled to release its natural gas inventory report for the week ending February
Economic indicators out of Japan this week have proven to be more of an economic alarm bell than an indicator. What’s next for the BoJ?
Economic data out of Japan spells more trouble, with a particularly busy economic calendar placing focus on the EUR and USD.
Activist investor Starboard Value LP is unhappy with Bristol-Myers Squibb Co.’s deal to buy rival Celgene Corp., and it has moved to install its own set of directors at Bristol-Myers. The hedge fund has nominated five potential directors, including its chief executive, Jeffrey Smith, and has been meeting with the drugmaker’s executives, Bristol-Myers said in a filing Wednesday. The activist proposal comes as Bristol-Myers has a deal in place to buy Celgene that was valued at $74 billion when it was announced earlier this year.
The $11 billion VanEck Vectors Gold Miners ETF, ticker GDX, saw trading volume spike to its highest in two months Tuesday. GDX is the largest materials ETF and tracks corporations that are primarily involved in mining gold and silver. The precious metal offers a potential hedge against global political uncertainties like the U.S.-China trade war.
The news sent London-listed shares in Acacia, which is 63.9 percent owned by Barrick, up 6 percent to their highest since October 2017, when an initial framework agreement was announced. Barrick's announcement confirms the 2017 deal which called for the creation of a local firm in Tanzania to manage Acacia's assets, a 50-50 split of economic benefits and a $300 million payment to resolve all outstanding tax claims in the East African country.
TORONTO — Barrick Gold Corp. says it has helped facilitate a deal between Acacia Mining and the government in Tanzania as Barrick's new CEO looks to reorder the company.Under the agreement, the economic benefits from Acacia's operations will be shared on an equal basis with Tanzania's government in the form of royalties, taxes and a 16 per cent free carry interest in the Tanzanian operations.A US$300-million payment to the government will also be made over time to resolve outstanding tax claims. The terms are similar to a preliminary agreement announced in late 2017."Significant amounts of real value have been destroyed by this dispute and, in Barrick's view, this proposal will allow the business to focus on rebuilding its mining operations," said Barrick CEO Mark Bristow, who took on the role in January after a merger with Randgold Resources.Barrick holds a 63.9 per cent interest in Acacia, a London-based publicly traded company that is operated independently.The Toronto-based company said work is underway to finalize the definitive agreements, which must be approved by Acacia and the Tanzanian government.Efforts to put an end to the dispute in Tanzania, which has forced Acacia to significantly cut back on production, come as Bristow's team at Barrick review company operations globally.The company said Wednesday it confirmed its commitment to Chile, despite major operational issues in the country, as it reviews its Latin American strategy.Last year, Chile ordered the company to close the part of the Pascua-Lama mining project that falls within the country. The company said last year it would take a US$429 million charge after part of the project in the high Andes was shut down over concerns of its impact to water supplies.Barrick said it continues to work on legal, environmental and other issues as it reviews the future potential of the project, which could go ahead as an underground operation.Earlier in the week, Barrick confirmed its long-term commitment to the Porgera mine in Papua New Guinea after Bristow met with politicians and local communities in the country. Companies in this story: (TSX:ABX)The Canadian Press
Gold is nearing highs not seen in several years, but the stocks of gold miners, including Barrick Gold Corp (TSX:ABX)(NYSE:GOLD), continue to trade at depressed levels.
The Toronto-based miner’s long-term license to operate its mine in Papua New Guinea is due for renewal this year. The largest gold miner may already be trying to get ahead of that tide in PNG. Chief Executive Officer Mark Bristow met last week with government officials about extending its license for the Porgera mine, Barrick’s joint venture with Zijin Mining Group Co.
CAD trades positive as investors await the release of the latest FOMC meeting minutes for directional cues.
Bristol-Myers Squibb says the activist hedge fund owns 1 million shares in the company and has held meetings with management. The pharmaceutical company says Starboard has nominated several executives to its board and has indicated it may acquire even more shares. Bristol-Myers Squibb BMY confirmed on Wednesday that activist hedge fund Starboard Value owns a 1 million-share stake in the company and said separately its $74 billion deal to acquire cancer drugmaker Celgene CELG is "on track" to close during the third quarter.
BP: Are Analysts Feeling Positive?Analysts’ recommendations Currently, 11 analysts cover BP (BP). In February, six (or 55%) analysts recommended a “buy” or “strong buy,” while four (or 36%) recommended a “hold.” Compared to February
AllState (ALL) stock gains on the back of low combined ratio, increase in premium, inorganic growth and strong capital levels.
HP (HPQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cincinnati Financial (CINF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Intercept Pharmaceuticals (ICPT) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
The mammoth facility -- long and wide enough to fit an American football field -- is the first of four similar platforms to begin pumping crude this year, lifting Brazilian output by roughly 365,000 barrels a day, its largest annual increase in at least 20 years, International Energy Agency estimates show. In the worst-case scenario, it may force Saudi Arabia and Russia to roll their production cuts over into the second half of the year, testing the strength of the Riyadh-Moscow oil relationship. “Brazil is on the verge of major supply growth,” said Francisco Blanch, head of commodities research at Bank of America Corp. in New York.
The case stems from Hewlett-Packard’s hiring of Barclays as an adviser for its ultimately disastrous 2011 acquisition of Autonomy Corp., which at the time was the U.K.’s second-largest software business. After Barclays sold HP 6 billion pounds ($7.9 billion) in cable options to help finance the deal, the bank was later asked to unwind -- or sell -- that position. Prosecutors, who have charged him with wire fraud, claim Bogucki was part of a “front-running” scheme to depress the value of HP’s cable options, profiting the bank at HP’s expense.