Copper

Goldman Sachs has boosted its price forecast for coking coal and copper and upgraded Teck Resources Ltd (USA) (NYSE: TCK) from Neutral to Buy. According to analyst Andreq Quail, the huge surge in coal prices has forced Goldman’s hand. Upgrade Justification The firm is now calling for 2017...

Most metals are advancing ahead of the U.S. presidential election irrespective of their risk disposition. However, the trend in recent sessions is reminiscent of a see-saw amid conflicting signals concerning the election results. On October 28, the markets were jolted by the FBI re-opening...

Argus has raised its EPS estimates on Newmont Mining Corp (NYSE: NEM) after solid second-quarter results. But, it kept its Hold rating on the stock, saying the company is "less well positioned" to benefit from future rise in gold prices as it lags most competitors in controlling costs. Driven by...

BMO Capital Markets views Newmont Mining Corp (NYSE: NEM)'s recently announced sale of stake in the Indonesian mine as a positive development as it de-levers the risk profile of Newmont. Newmont agreed to sell its 48.5 percent stake in the operator of the Batu Hijau copper and gold mine in...

Credit Suisse’s Ivano Westin expects gold prices to rise in the near to medium term, as the market turns to “safe mode,” although the outlook for copper is likely to be much more challenging. Westin downgraded the rating on Southern Copper Corp (NYSE: SCCO) from Neutral to...

Bank of America upgraded Compania de Minas Buenaventura SAA (ADR) (NYSE: BVN) to Buy from Neutral, lifting its price target from $10 to $14. Among the key drivers for their decision, the analysts mentioned Cerro Verde's ramp-up, higher gold prices and a solid cost performance on direct operations....

Southern Copper Corp (NYSE: SCCO) shares are currently trading at an 8 percent premium to their historical mid-cycle premium, which Goldman Sachs’ Humberto Meireles believes is justified, given the company’s premium leverage and growth profile. Meireles initiated coverage of the company...

Mark Thompson runs Talga Resources Ltd. (ASX: TLG) (OTC: TLGRF), an Australian-based gold miner that is no longer interested in the coveted commodity. Instead, the company is now focusing on graphite — the exact same material used in pencils. What Is Graphene? According to Bloomberg,...

If the current pace is maintained for the rest of this year, 2016 could go down as the year of the Latin American exchange-traded fund comeback. With the exception of the iShares MSCI Mexico Inv. mt. Idx. (ETF) (NYSE: EWW), the major Latin American single-country ETFs trading in New York are all...

It is frequently said that copper is the industrial metal with a doctorate in forecasting economic trends – ence the moniker “Dr. Copper.” Conventional wisdom also states that Chinese demand is the primary driving force in the red metal's price action. Investors might be...

Barclays has warned that commodities are vulnerable to a wave of investor liquidation event that could push the prices down as much as 25 percent. "Investors have been attracted to commodities as one of the best performing assets so far in 2016. However, in the absence of any concerted...

Shares of Freeport-McMoRan Inc (NYSE: FCX) opened for trading at $4.39 on Tuesday. The stock moved higher to $4.42 before reversing direction and were trading higher by less than 3 percent at $4.03 after 20 minutes of trading. Earnings Freeport-McMoRan reported its fourth-quarter results before...

The presence of flat 200 day moving averages throughout many of the US Stock Market Indices and sectors, combined with a few other factors, is causing me to maintain a neutral / bearish stance toward equities for the time being. Luckily, as a technician I can take advantage of opportunities in...