WMAY’s Market Report

FXEmpire.com – Natural gas reverses higher on Friday, following an initial breakdown from a symmetrical triangle consolidation pattern yesterday. The reversal triggered an upside breakout of the triangle with an advance above the 1.94 swing high from April 10. Resistance was seen

The gold price corrected this week, even falling briefly below US$2,300 per ounce. While that’s down from levels of over US$2,400 earlier this month, most experts aren’t concerned about the yellow metal’s price activity.I asked Craig Hemke of TFMetalsReport.com about the recent pullback, and he said that it’s completely normal — he noted that nothing ever goes straight up, and emphasized that a “two steps forward, one step back” pattern is healthy.With that said, Hemke does see strong upside potential for the precious metal in 2024. He said there are a lot of technical targets that line up with US$2,650 or US$2,700, and said that’s probably the next point to watch for. While those heights won’t necessarily be achieved this year, he thinks gold could finish the period at US$2,400 or US$2,500.”Let’s just say, maybe we can finish the year at US$2,400, US$2,500. That would be a pretty good year, that would be 20 percent — that would double what the average has been since the turn of the century” — Craig Hemke, TFMetalsReport.comGold’s price activity comes against a backdrop of interesting economic data. Friday (April 26) brought the latest personal consumption expenditures (PCE) price index numbers out of the US, and they show that the all-items gauge rose 2.7 percent year-on-year and 0.3 percent from the previous month. PCE is the US Federal Reserve’s preferred measure of inflation, and it’s in focus as the central bank gears up to meet next week.Attracting perhaps even more attention was Thursday’s (April 25) GDP report, which shows that the US economy grew at an annualized rate of 1.6 percent during Q1, down from 3.4 percent in Q4 of last year. With inflation still not in line with the Fed’s 2 percent goal, experts are now concerned that a stagflationary scenario could be building. Bullet briefing — Anglo rejects BHP, copper hits US$10,000 Anglo rejects BHP’s US$39 billion offerMajor diversified miner BHP (ASX:BHP,LSE:BHP,NYSE:BHP) turned heads this week when it made a US$39 billion takeover offer for Anglo American (LSE:AAL,OTCQX:AAUKF), another global powerhouse. “The combined entity would have a leading portfolio of large, low-cost, long-life Tier 1 assets focused on iron ore and metallurgical coal and future facing commodities, including potash and copper” — BHPBHP has touted potential synergies, but Anglo American doesn’t see it the same way — the company quickly rejected the proposal, calling it “opportunistic” and saying it fails to value its prospects. BHP is widely expected to make another bid.Copper price hits US$10,000A tie up between BHP and Anglo American would create the world’s largest copper miner, and the possible deal has directed even more attention to the red metal. Copper has been in focus since mid-March, when Chinese smelters announced plans to work together to cut output. The move came on the back of reduced supply of the red metal, which forced the smelters to drastically reduce treatment and refining charges.Since then, there’s been broader recognition of copper’s tight supply and demand fundamentals, and this week brought prices to US$10,000 per metric ton for the first time in two years. While Chinese demand could be a pain point, usage from the green energy transition is expected to boost copper in the years to come. Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there’s someone you’d like to see us interview, please send an email to cmcleod@investingnews.com.And don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

On April 16, the Canadian government tabled its 2024 budget proposal. Called “Fairness for Every Generation,” it is aimed at helping Millennials and Gen Zs, with C$535 billion earmarked by the Trudeau government for investments in housing, clean economy initiatives, childcare, healthcare and national security.But one section of the document has garnered widespread attention — changes to the capital gains tax scheme.Starting on June 25, 2024, changes to Canada’s tax system will aim to “enhance fairness” by adjusting the inclusion rate for capital gains. Individuals with over C$250,000 in annual capital gains will see their inclusion rate increase from one-half to two-thirds, while those with gains below this threshold will maintain the 50 percent inclusion rate.Corporations and trusts will face a two-thirds inclusion rate for all capital gains. These adjustments seek to create a more equitable taxation framework across different income brackets and entities.“Tax fairness is important for every generation, and it is particularly significant for younger Canadians,” budget documentation explains. “In 2021, only about 5 percent of Canadians under 30 had any capital gains at all. Only 0.01 percent of Canadians under 30 are expected to have capital gains above the $250,000 annual threshold in 2025.”While the government has emphasized that the capital gains tax revision upholds its commitment to progressive taxation as a cornerstone of fairness and Canadian prosperity, a variety of people and companies have voiced opposition, fearing that the changes will create a mass exodus of businesses and entrepreneurs from Canada.Harley Finkelstein, president of Shopify (NYSE:SHOP), Canada’s third largest publicly traded company, shared his thoughts via X, formerly known as Twitter, saying the proposed budget will penalize innovators and entrepreneurs. — (@) twitter.com The Liberal government’s ongoing deficit was also a target of analysts and experts.“The entire budget proposal is a disaster, worse than my already low expectations,” Rick Rule, proprietor at Rule Investment Media, told the Investing News Network. “When might the budget balance itself? Never!”Rule was also critical of the proposed capital gains tax reform.“The government taxes success to subsidize failure, reducing that amount of capital available to successful, experienced investors to be allocated by political hacks, with investment track records unblemished by success,” he said. Mining sector fears loss of investment and innovation The 2024 spending plan prompted other reactions from the mining sector as well, with the Mining Association of Canada (MAC) and the Prospectors & Developers Association of Canada (PDAC) both releasing statements.The MAC pointed to the government’s plans to extend the Mineral Exploration Tax Credit (METC) until March 31, 2025, as a win for the junior mining sector, but noted that the decision to increase the inclusion rate for corporations and trusts, as well as individuals, could significantly diminish the effectiveness of the METC.“(The) budget has pros and cons,” said MAC President and CEO Pierre Gratton.Aside from the METC extension, the MAC said the pros include changes to the Clean Technology Manufacturing Investment Tax Credit (CTM-ITC), which will now include the cost of eligible property primarily used for producing qualifying critical minerals, provided that at least 50 percent of the production value is dedicated to this purpose.This update reflects concerns raised by MAC earlier this year — the original CTM-ITC proposal had suggested a 90 percent threshold that the MAC said would have significantly restricted the tax credit’s applicability and effectiveness in encouraging new investments in mining and mineral processing.“The proposed new threshold for the CTM-ITC is welcome, but the changes to capital gains may undermine the METC and harm mineral exploration financing,” explained Gratton in his statement. “We applaud the government’s ambitions with respect to project timelines, but the real success will come down to implementation; we look forward to working with the government to make sure that mines in Canada can be approved and brought online in timelines that are more responsive to the urgent need for Canadian minerals and metals.”This sentiment was echoed by PDAC. The mineral exploration and development organization, which has more than 7,000 members globally, acknowledged that the METC term increase is a beneficial milestone for the nation’s exploration sector, but expressed concerns about the capital gains tax adjustment. “Such an increase will reduce the amount of available capital for junior exploration and development companies and create major headwinds for investment into Canadian industry more broadly,” warned PDAC.“Without careful consideration, the proposed tax increase could put us on track to fall short on the critical mineral and other federal strategies, and we cannot risk losing momentum in building our capacity to discover and connect new mineral deposits to domestic supply chains,” the organization also notes. In February, ahead of the proposed federal budget, PDAC issued a list of six recommendations.Its suggestions are primarily focused on fostering growth and innovation within the Canadian mineral exploration and mining sector. It includes proposals related to tax measures, regulatory enhancements, research and development incentives, infrastructure investments, Indigenous engagement and international trade promotion.Related to the capital gains tax, the organization proposed the following: “That the government adjust the capital gains tax treatment for flow-through shares to reflect the issue price of the security versus the current nil cost base approach to expand participation in this funding mechanism by a broader base of investors within Canada.”PDAC also emphasized the importance of supporting the mining industry’s competitiveness, sustainability and contribution to economic development and job creation in Canada.“PDAC will be unwavering in voicing how uniquely Canadian investment incentives like flow-through shares and exploration tax credits must remain well-oiled and ingrained in our financial landscape,” the statement reads. “And we will remain steadfast in our call that Canada must expand its public geoscience knowledge-base and incorporate this information into our national strategies and land management processes.”For Brian Leni, editor and founder of Junior Stock Review, the government’s move to change capital gains tax rubric is likely to weigh heavily on the already challenged junior mining landscape. “Money flows to where it is treated best,” he told the Investing News Network via email. “I don’t think this situation will be any different.”In recent years, Canada’s junior mining sector has faced various challenges, including regulatory complexities, limited access to capital and volatile commodities prices. “Canada’s position as a top-tier destination for mining investment continues to erode,” continued Leni. “Raising the capital gains tax on the group of investors who infuse the most amount of money is a grave mistake, but unfortunately, I wouldn’t expect anything less from the government. That isn’t a bipartisan comment either, left or right. With debts at all-time highs, inflation still persistent, to me it’s just a matter of time before they come for us all.” Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

FXEmpire.com – Natural Gas Natural Gas 260424 Daily Chart Natural gas settled near the $1.90 level as traders switched to June contract. The May contract is currently trading below $1.60.

FXEmpire.com – Gold Gold 260424 Daily Chart Gold gains ground despite stronger dollar. Demand for gold remains strong as traders bet that central banks will continue to purchase gold for reserves.

London-based Anglo American (LSE:AAL,OTCQX:AAUKF) has rejected mining behemoth BHP’s (ASX:BHP,LSE:BHP,NYSE:BHP) US$38.8 billion bid to acquire the company. “The BHP proposal is opportunistic and fails to value Anglo American’s prospects, while significantly diluting the relative value upside participation of Anglo American’s shareholders relative to BHP’s shareholders,” said Anglo Chairman Stuart Chambers in a Friday (April 26) statement. BHP’s offer for the company was made public on Thursday (April 25). The proposal, whose aim is to create the world’s largest copper miner while divesting Anglo’s iron ore and platinum assets in South Africa, has been met with mixed reactions from market watchers.BHP is keen to gain access to Anglo’s copper mines in Chile and Peru. Combined, their output would total around 2.6 million metric tons annually, surpassing competitors such as Freeport-McMoRan (NYSE:FCX) and Chile’s Codelco. Will BHP kick off mega M&A deals? BHP’s offer of 25.08 pounds (US$31.39) per Anglo share is a premium of 31 percent from Wednesday’s (April 24) closing price. If completed, it would be BHP’s second big acquisition in a year after its 2023 purchase of OZ Minerals.It would also be the first mega deal among the world’s largest diversified miners in over a decade.After years of caution following a series of failed transactions, including an attempted acquisition of Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) in 2007, BHP may now be poised to lead a resurgence in M&A activity.Beyond copper, the proposal also holds implications for BHP’s potential venture into the diamond business, as Anglo American holds an 85 percent stake in diamond giant De Beers. Unlike Anglo American Platinum and Kumba Iron Ore, which BHP wants to see distributed to shareholders before proceeding, Anglo’s diamond business would be subject to a strategic review post-transaction. ​Industry reactions and future implications Todd Warren, an Anglo shareholder and portfolio manager at Tribeca Investment Partners in Sydney, said BHP’s first offer only sought to feel out Anglo’s stance, adding that he does not expect BHP to give up easily.”With regards to a price, I think it’s pretty clear that the initial shot fired is just that. It’s just the first shot — it’s not their best and final. We would need to see more money on the table before we sold our shares,” he said.As mentioned market analysts and industry leaders have offered mixed reactions to the proposed deal. While some shareholders have expressed concern over the quality of BHP’s bid, others anticipate further interest in Anglo, potentially igniting additional large-scale consolidation within the mining sector. Analysts at Jefferies, led by Christopher LaFemina, told Fortune that BHP’s first bat will lead to more bids emerging.They indicated that an offer valuing Anglo at US$42.6 billion, representing a 28 percent premium based on its latest share price, could be sufficient to push the deal across the finish line.BHP’s 2023 copper production of about 1.2 million metric tons on an equity basis surpasses Anglo’s output of 826,000 metric tons; combined they would have a substantial 10 percent share of global mine supply. However, analysts have cautioned that antitrust issues may pose a significant challenge, as governments often view copper as a strategic mineral. The proposal for Anglo may also prompt other mining giants to make moves. Rio Tinto, the second largest mining company, has been actively investing in copper production, while Glencore (LSE:GLEN,OTC Pink:GLCNF) made an unsuccessful bid for Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) last year before eventually reaching a deal for the Canadian company’s coal assets.For their part, BHP investors remain optimistic about the prospect of restructuring the offer to secure the deal.”I am a bit surprised that the deal is not an agreed deal. It likely means BHP will need to offer more to win over shareholders and management and risks creating unhelpful animosity,” said Pendal portfolio manager Brenton Saunders in comments to Reuters. Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com – Natural Gas Weekly Technical Analysis The natural gas markets have rallied initially during the course of the week but have since given back those gains. I think this is a situation where the market continues to go back and forth with the $1.50 level underneath off

FXEmpire.com – Gold Cycle Indicator Our Gold Cycle Indicator finished at 236; we hedge our mining portfolio once it advances above 350.

FXEmpire.com – Natural Gas Technical Analysis You can see that we continue to just hang around the same area right around the 20 day EMA. That’s not a huge surprise this time of year because Natural gas does almost nothing. So, unless you’re a short term scalper, there’s really n

FXEmpire.com – Natural Gas Market Update U.S. natural gas futures softened on Friday, marking a monthly low in early trading. The focus among investors shifted to the latest U.S. Energy Information Administration (EIA) report, which indicated an unusually large injection into gas

FXEmpire.com – Market Overview Oil prices experienced a slight increase in Asian trading on Friday, positioning for a weekly gain amidst continuous geopolitical tensions in

James Henry Anderson, senior market analyst at precious metals dealer SD Bullion, shared his thoughts on gold and silver, including what factors are moving the metals right now and where they could go in 2024. In his view, the precious metals sector is undergoing a tectonic shift with far-reaching impacts. “Ultimately I think US$2,400 (per ounce gold) is going to be looked back in time as being cheap,” he said.Watch the interview above for more of Anderson’s thoughts on gold and silver. Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

2024 has been a storybook year for gold. Coming off a record-setting December 2023, markets were range bound as they awaited important interest rate decisions from the US Federal Reserve. As March started, messaging from the central bank became clearer. The Fed was confident it was done raising rates and cuts could be expected in 2024. Gold took off, setting the quarter’s high of US$2,264.52 per ounce on March 31, with momentum continuing to set an all-time high of US$2,426.56 per ounce on April 12.Despite gold’s solid performance at the end of 2023 and continued high prices in 2024, it didn’t translate to gold stocks. They saw little movement through the first 10 weeks of the year. It wasn’t until after gold’s dramatic breakout that some of the major gold stocks saw some upward momentum.How have these gains affected small cap gold stocks on the TSXV? These are the biggest movers through the start of the year. Data for this article was retrieved on April 2, 2024, using TradingView’s stock screener, and only companies with market capitalizations greater than C$10 million are included. 1. Contact Gold (TSXV:C) {“@context”:”http://schema.org”,”@type”:”Corporation”,”name”:”Contact Gold Corp.”,”url”:”http://www.contactgold.com”,”description”:”Contact Gold Corp is an exploration company. It is engaged in the acquisition, exploration, and development of exploration properties in Nevada. The company has two geographic segments: Canada and the United States of America. The projects of the company are Pony Creek, South Carlin and many more. It derives most of its revenue from United States.”,”tickerSymbol”:”TSXV:C”,”sameAs”:[],”image”:”https://investingnews.com/media-library/image.gif?id=29648095&width=980″,”logo”:”https://investingnews.com/media-library/image.gif?id=29648095&width=210″} Press Releases Company Profile Year-to-date gain: 200 percent; market cap: C$10.57 million; current share price: C$0.03Contact Gold is a gold exploration company that is working to create a district-scale gold property in Nevada, US.Its Pony Creek project consists of a 43.8 square kilometer land package that has hosted exploration since the 1980s. Since acquiring the property in 2016, Contact has conducted more than 25,000 meters of drilling across 118 holes, identifying five zones of gold mineralization. The company released a maiden resource estimate for the asset in January 2022, reporting 433,000 inferred ounces of gold from 25.72 million metric tons (MT) of ore with an average grade of 0.52 grams per MT (g/t). Contact’s Green Springs property lies along the southern end of Nevada’s Cortez Trend and consists of a 19.5 square kilometers land package that hosts three past-producing open-pit mines that produced 74,000 ounces of gold in the late 1980s. In December 2022, Centerra Gold (TSX:CG,NYSE:CGAU) entered into a US$10 million earn-in agreement to potentially gain a 70 percent stake in Green Springs over a four year period. Shares of Contact have been trending up since the February 26 news that Orla Mining (TSX:OLA,NYSE:ORLA) will acquire all of the company’s issued and outstanding common shares through a definitive arrangement agreement. The deal will allow Orla to consolidate the Railroad-Pinion district in Nevada by combining Contact’s Pony Creek property with Orla’s adjacent South Railroad project. Shares of Contact gold reached a quarterly high of C$0.03 on March 6. Buy now , 2. Falco Resources (TSXV:FPC) {“@context”:”http://schema.org”,”@type”:”Corporation”,”name”:”Falco Resources”,”url”:”https://www.falcores.com”,”description”:”Falco Resources Ltd is engaged in the exploration and evaluation of its mineral properties in the Rouyn-Noranda district for the base and precious metals.”,”tickerSymbol”:”TSXV:FPC”,”sameAs”:[],”image”:”https://investingnews.com/media-library/image.jpg?id=51213161&width=980″,”logo”:”https://investingnews.com/media-library/image.jpg?id=51213161&width=210″} Press Releases Company Profile Year-to-date gain: 192.31 percent; market cap: C$103.2 million; current share price: C$0.36Falco Resources is a gold exploration and development company operating within the Abitibi Greenstone Belt in Québec, Canada. Its flagship asset is the Horne 5 project, which consists of 67,000 hectares of land in the Noranda Mining Camp and includes 13 historic gold and base metals mining sites. A March 2021 feasibility study update for Horne 5 would see an average annual production of more than 220,000 ounces of gold with a mine life of over 15 years. This would generate a C$761 million after-tax net present value with an 18.9 percent rate of return and an average all-in-sustaining cost of $587 per ounce. Shares of Falco saw gains early in the year following a news release on January 24, when the company announced it had executed an operating license and indemnity agreement with Glencore (LSE:GLEN:OTC Pink:GLCNF). Under the terms of the deal, Falco will gain access to a portion of lands that it will use to advance Horne 5. The deal will also establish a technical committee to ensure that operations at Horne 5 do not interfere with Glencore’s Horne smelter. Additionally, Glencore will gain the right to require remediation, suspension or risk mitigation in order to protect its Horne smelter. Glencore will also have the right to a seat on Falco’s board of directors. The most recent news from the Horne 5 project came on March 27, when Falco confirmed the admissibility of an environmental impact assessment from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. Falco can now move forward to the public hearing process for the asset. The share price for Falco reached a quarterly high of C$0.37 on March 28. Buy now , 3. PPX Mining (TSXV:PPX) {“@context”:”http://schema.org”,”@type”:”Corporation”,”name”:”PPX Mining Corp.”,”url”:”https://www.ppxmining.com”,”description”:”PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.”,”tickerSymbol”:”TSXV:PPX”,”sameAs”:[],”image”:”https://investingnews.com/media-library/image.gif?id=29648069&width=980″,”logo”:”https://investingnews.com/media-library/image.gif?id=29648069&width=210″} Company Profile Year-to-date gain: 150 percent; market cap: C$33.71 million; current share price: C$0.05PPX Mining is a precious metals company that is focused on its Igor project, which contains the operating Callanquitas underground mine, located in the Otuzco province of Northern Peru.In a prefeasibility study for Igor, which was amended in January 2022, the company indicates that the 1,300 hectare site previously hosted small-scale mining operations and hosts a 50 MT per day gold-processing plant from the 1980s. PPX is currently working to upscale processing at the site through the construction of a 350 MT per day carbon-in-leach and flotation plant that will be used to process oxide and sulfide ore from Callanquitas.An updated resource estimate for Callanquitas released by the company this past January shows measured and indicated amounts as oxides of 81,090 ounces of gold and 2.9 million ounces of silver. The inferred resource as sulfides stands at 34,450 gold equivalent ounces at 4.63 g/t gold equivalent.Shares of PPX saw gains following news on March 12 that the firm has signed a letter of intent with Silver Crown Royalties for US$2.5 million in funding in exchange for a 15 percent silver royalty from Igor. Under the terms of the arrangement, which can be expanded, the royalty is currently set to expire upon the delivery of 250,000 ounces of silver, or after five years, whichever comes later. This funding will be put toward a new processing plant.The company followed with additional funding news on April 18, when it closed a C$1.35 million private placement with proceeds earmarked to finance further exploration at Igor. PPX shares reached a quarterly high of C$0.60 on March 13. Buy now , 4. Sun Peak Metals (TSXV:PEAK) {“@context”:”http://schema.org”,”@type”:”Corporation”,”name”:”Sun Peak Metals Corp.”,”url”:”http://www.sunpeakmetals.com”,”description”:”Sun Peak Metals Corp is engaged in the acquisition, exploration, and development of resource properties for the mining of precious or base metals. It is focused on the exploration and discovery of gold and copper targets on the Shire Project in Ethiopia. The Shire Project is comprised of four exploration licenses and covers more than 1,000 square kilometers in northern Ethiopia.”,”tickerSymbol”:”TSXV:PEAK”,”sameAs”:[],”image”:”https://investingnews.com/media-library/image.gif?id=29648078&width=980″,”logo”:”https://investingnews.com/media-library/image.gif?id=29648078&width=210″} Company Profile Year-to-date gain: 135.71 percent; market cap: C$42.68 billion; current share price: C$0.495Sun Peak Metals is a gold exploration company operating in the Arabian Nubian Shield in Ethiopia. Its flagship Shire project consists of six exploration licenses covering an area of 1,450 square kilometers in the northern part of the country. Early work by Sun Peak has revealed approximately two dozen gold and copper targets at the site. Work on the project was stymied in November 2020 as war broke out between the Ethiopian government and the Tigray People’s Liberation Front. Operations at Shire remained suspended until February 7, when the company announced that a force majeure put in place to protect workers during the conflict had been lifted on three licenses. The company said it expects the restrictions on the remaining three licenses to be lifted at a later date. The company’s most recent announcement came on April 4, when it commenced drilling at Shire. Sun Peak has 6,000 to 7,000 meters planned for 2024 and will focus on the Hamlo prospectSun Peak’s share price hit a high of C$0.54 for the quarter on March 12. Buy now , 5. Bluestone Resources (TSXV:BSR) {“@context”:”http://schema.org”,”@type”:”Corporation”,”name”:”Bluestone Resources”,”url”:”https://www.bluestoneresources.ca”,”description”:”Bluestone Resources Inc is a natural resource company. It is engaged in the process of exploring mineral resource properties.”,”tickerSymbol”:”TSXV:BSR”,”sameAs”:[],”image”:”https://investingnews.com/media-library/image.jpg?id=51148719&width=980″,”logo”:”https://investingnews.com/media-library/image.jpg?id=51148719&width=210″} Company Profile Year-to-date gain: 134.78 percent; market cap: C$75.8 million; current share price: C$0.54Bluestone Resources is a gold exploration and development company operating out of Guatemala. Its flagship property is the Cerro Blanco gold project, located near the town of Asunción Mita 160 kilometers from Guatemala City.In a resource estimate from July 2021, the company reported measured and indicated amounts of 3,089,000 ounces of gold and 13,445,000 ounces of silver at the site. Bluestone is also developing the Mita geothermal project, which will provide power for the mine when it is complete.Shares of Bluestone soared early in the year following an announcement on January 18, when the company said that an amendment to its environmental permit for Cerro Blanco was approved by the Guatemalan government. The initial application for the site was for the development of an underground mine, but in November 2021 Bluestone applied for an amendment to switch to surface mining. The company said the change will increase the size of the project’s layout, but the fundamental elements will remain unchanged.Shares of Bluestone reached a quarterly high of C$0.59 on January 18. Buy now , Don’t forget to follow us @INN_Resource for real-time updates! Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com – Natural gas breaks down from a symmetrical triangle on a drop below Wednesday’s low before finding support at 1.60 and bouncing. The high for the day was 1.675, which completed a test of resistance at the long-term downtrend line. Support is around the most recent

FXEmpire.com – Natural Gas Natural Gas 250424 Daily Chart Natural gas tests new lows as traders react to the EIA Weekly Natural Gas Storage Report, which indicated that working gas in storage increased by 92 Bcf from the previous week.

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U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite surging more than 250 points on Thursday. The Dow traded up 0.18% to 38,532.50 while the NASDAQ rose 1.63% to 16,433.83. The S&P 500 also rose, gaining, 0.83% to …

DateFirmActionFromTo Jan 2022Cowen & Co.MaintainsMarket Perform Jan 2022Cowen & Co.MaintainsMarket Perform Dec 2021Goldman SachsInitiates Coverage OnNeutral View More Analyst Ratings for TEAM View the Latest Analyst …

DateFirmActionFromTo Feb 2022Raymond JamesMaintainsOutperform Jan 2022Piper SandlerMaintainsOverweight Nov 2021Piper SandlerMaintainsOverweight View More Analyst Ratings for INTA View the Latest Analyst Ratings Read the …

DateFirmActionFromTo Feb 2022MizuhoMaintainsBuy Feb 2022Morgan StanleyMaintainsEqual-Weight Feb 2022Credit SuisseMaintainsOutperform View More Analyst Ratings for FIS View the Latest Analyst Ratings Read the full story …

DateFirmActionFromTo Mar 2022Raymond JamesMaintainsOutperform Jan 2022Raymond JamesMaintainsOutperform Dec 2021NeedhamMaintainsBuy View More Analyst Ratings for CIEN View the Latest Analyst Ratings Read the full story …

DateFirmActionFromTo Feb 2022Loop CapitalMaintainsBuy Jan 2022B. Riley SecuritiesMaintainsBuy Jan 2022Seaport GlobalInitiates Coverage OnNeutral View More Analyst Ratings for CROX View the Latest Analyst Ratings Read …

To receive market updates in your inbox, subscribe to the free newsletter Global Macro Playbook.Strong earnings results from Microsoft and Alphabet have boosted optimism in the tech sector and helped offset concerns over the US economic outlook, according to an article published

Although it wasn’t a hurricane-scale disaster, Universal Insurance Holdings’ (NYSE: UVE) first quarter wasn’t impressive enough for the market to push the company’s stock price higher. The shares lost nearly 4% of their value on Friday as a result, on a day when the S&P 500 i

Like other companies that flew high during the thick of the coronavirus pandemic, Teladoc Health (NYSE: TDOC) has lost significant altitude since then. It’ll probably stay at modest levels after releasing its first-quarter financials after market hours Thursday.

Despite a mixed first quarter, investors gave the benefit of the doubt to Columbia Banking System (NASDAQ: COLB) on Friday. The Washington state-based company, arguably best known as the operator of the region’s Umpqua Bank, managed to lift several of its more important metrics d

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(RTTNews) – The Canadian market ended modestly higher on Friday, led by gains in materials stocks as gold prices advanced on safe-haven buying. Stocks from the rest of the sectors turned in a mixed performance.

Charter Communications (NASDAQ: CHTR) didn’t end the stock trading week on a high note. The cable and telecom company published its latest quarterly earnings report Friday morning, and investors reacted with distaste. They traded Charter’s shares down by almost 2% on the day, con

Shares of Saia (NASDAQ: SAIA), the less-than-truckload (LTL) transportation company, fell sharply today after it posted disappointing results in its first-quarter earnings report.

Taiwan Semiconductor Manufacturing (NYSE: TSM) is one of the most important companies in the world. In fact, according to some, it’s the most important company.

Shares of Amazon (NASDAQ: AMZN) were among the winners as strong cloud infrastructure results from Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) seemed to lead investors to believe that Amazon will report similar strength in its cloud unit when it reports f

Fool.com contributor Parkev Tatevosian answers the question of whether investors should buy Apple (NASDAQ: AAPL) stock before its earnings announcement.

The XRP (CRYPTO: XRP) cryptocurrency, often referred to as Ripple, has experienced some wild swings over the last five years. The Securities and Exchange Commission (SEC) filed a lawsuit against the Ripple Labs organization in December 2020, throwing a spanner in its growth plans

Energy Transfer (NYSE: ET) can be a difficult stock to track. Over the last five years, the share price has risen by a total of 2.4%. There’s a hidden reality, however. Throughout that period, the company paid regularly dividends.

A rising tech sector lifted all stocks today. The S&P 500 and Nasdaq finished Friday with sizable gains to secure their first weekly wins this month and best since Nov. 3, with the latter also seeing its best single-session percentage pop since Feb. 22. The Dow has now logge

Headed into Thursday’s post-close release of its first-quarter results, investors appeared afraid to own AppFolio (NASDAQ: APPF). As it turns out, however, that fear wasn’t merited. The company handily topped its revenue and earnings estimates, sending the stock more than 11% hig

To receive market updates in your inbox, subscribe to the free newsletter Global Macro Playbook.Strong earnings results from Microsoft and Alphabet have boosted optimism in the tech sector and helped offset concerns over the US economic outlook, according to an article published

July ICE NY cocoa (CCN24 ) on Friday closed down -210 (-1.94%), and May ICE London cocoa #7 (CAK24 ) closed down -173 (-1.80%). Cocoa prices settled moderately lower on Friday as a stronger dollar (DXY00 ) fueled long liquidation pressures in cocoa futures. Cocoa also has a negative carryover…

The highest-yielding dividend aristocrats aren’t always the safest stocks to buy. Here’s what I did to counteract this.

Corn settled 1 to 3 cents lower on Friday, with nearby May the firmest and May 2025 seeing the biggest day to day net loss. The solid export sales report on Thursday lifted the market for the week, but with all the global uncertainties traders were content to square up…

Wheat bulls continued their assault on the heights (or at least foot hills given the size of the decline in recent months) on Friday. Kansas City HRW continues to lead the way, with gains of 13 ½ to 14 ¼ on Friday and 64 ¾ for the week. Chicago futures…

Lean hogs hit their high for the week on Tuesday and spent the rest of the week fading the early rally. Futures settled $1.00 to $2.525 lower on Friday. USDA’s National Average Base Hog negotiated price was $90.38 in the PM report, up $1.67. Regional prices were not available due…

Cotton futures settled lower on Friday, by 18 to 39 points. Nearby May is in deliveries, and only one trade was reported for the entire day, at 80.07. Active December was down 33 points and settled just a few ticks off of the intraday low. The outside markets were mixed,…

Soybeans settled 3 ¼ lower to 3 cents higher on Friday, with delivery months out through January 2025 in negative territory and the rest of the 2025 contracts ending the session higher. Nearby May was up 9 cents for the week, or 0.78%. Soymeal dropped $3.90 in the nearby May…

Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-184 in KS on Friday, even to $2…

We have Apple and Amazon on deck to report Q1 results this week, and we will need to wait a few more weeks before we see Nvidia’s numbers. But we have already seen Q1 results from the other four members of the ‘Magnificent 7’ grou

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.65%. US stock indexes rallied Friday, with the S&P 500 posting a 1-1/2 week high…

The most recent trading session ended with Emerson Electric (EMR) standing at $109.89, reflecting a +0.26% shift from the previouse trading day’s closing. This move lagged the S&P 500’s daily gain of 1.02%. On the other hand,

Insulet (PODD) closed the most recent trading day at $166.19, moving +1.23% from the previous trading session. This move outpaced the S&P 500’s daily gain of 1.02%. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq a

Autodesk (ADSK) closed the latest trading day at $217.93, indicating a +0.71% change from the previous session’s end. This change lagged the S&P 500’s 1.02% gain on the day. Meanwhile, the Dow experienced a rise of 0.4%, and t

McKesson (MCK) closed the latest trading day at $543.30, indicating a +0.62% change from the previous session’s end. This change lagged the S&P 500’s 1.02% gain on the day. Meanwhile, the Dow experienced a rise of 0.4%, and th