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TABLE OF CONTENTS May 19 - 25, 2014 Volume 100 Number 14 - 0 comments

A mixed bag for U.S. equities, May 5-9

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2014-05-14

The Dow Jones Industrial Average ended the week 0.43% higher at 16,583.34, on the back of remarks by U.S. Federal Reserve Chair Janet Yellen that the U.S. economy needs support, and that the central bank would keep monetary policy accommodation. The S&P 500 Index moved into negative territory, shedding 0.14% to close at 1,878.48. The Philadelphia Gold & Silver Index dropped 3.89% to 89.38, and the New York spot gold price ended the week down US$10.50 per oz. at US$1,290.10.

Agrium shares fell US$5.19 to US$91.13 after the company reported $12 million in consolidated net earnings from first-quarter operations, or 8¢ per diluted share, compared with $146 million, or 98¢ per diluted share, in the first quarter of 2013. Agrium said that its traditionally low first-quarter numbers were hindered by the record cold winter in North America. The company also approved a US75¢-per-common-share dividend, and that as part of a strategic review process last year, is selling its turf and ornamental business for $85 million — including working capital — to an affiliate of Koch Fertilizer.

Rare-earth miner Molycorp was the second most actively traded stock, tumbling 35.9%, or US$1.71 to US$3.05, after reporting poor first-quarter results. Molycorp’s net loss widened to US$86 million, or US40¢ per share in this year’s first quarter, from US$38.2 million, or US27¢ per share in the first quarter of 2013. Revenue fell to US$118.5 million from US$145.4 million.

Freeport-McMoRan Copper & Gold slid US77¢ to US$33.91 per share. The company reported that its oil and gas subsidiary is selling its Eagle Ford shale assets for US$3.1 billion to a subsidiary of Encana. A day after the announcement, Freeport reported that it had also entered into a US$1.4-billion definitive purchase and sale agreement to acquire interests in the Lucius and Heidelberg oil-production development projects, and 11 exploration leases in the Deepwater Gulf of Mexico, owned by Apache. Lucius should start production by the second half, and Heidelberg in mid-2016.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 66269 13.67 13.18 13.25 - 0.44
Molycorp* MCP 54586 4.8 3.01 3.05 - 1.71
Alpha Nat Res* ANR 38780 4.73 4.2 4.29 - 0.34
Barrick Gold* ABX 36192 17.65 17.05 17.23 - 0.17
Freeport McMo* FCX 35067 34.56 33.63 33.91 - 0.77
Peabody Enrgy* BTU 31660 18.74 18.24 18.66 - 0.16
Arch Coal* ACI 29748 4.73 4.06 4.23 - 0.49
Kinross Gold* KGC 28757 4.18 3.97 4.05 - 0.07
Newmont Mng* NEM 23470 25.02 23.71 24.02 - 0.7
Hecla Mining* HL 23352 3.18 3.01 3.04 - 0.07

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Atlatsa Res* ATL 172 0.45 0.4 0.45 + 9
NovaCopper* NCQ 436 1.2 1.09 1.16 + 4.5
Augusta Res* AZC 65 2.95 2.79 2.84 + 3.6
Hi-Crush Part* HCLP 257 42.69 40 42.33 + 3.4
Rhino Res* RNO 57 13.3 12.8 13.25 + 2.7
Golden Mnls* AUMN 401 0.7 0.63 0.66 + 2.3
GAMCO Glb Gld* GGN 1878 10.44 10.25 10.41 + 1.9
Cabot Corp* CBT 1472 59.45 56.97 58.56 + 1.6
Gold Std Vnt* GSV 225 0.57 0.52 0.55 + 1.4
Banro* BAA 2260 0.47 0.42 0.44 + 1.1
Molycorp* MCP 54586 4.8 3.01 3.05 - 35.9
Uranerz Energ* URZ 2580 1.6 1.13 1.22 - 18.1
Gold Resource* GORO 3470 4.39 3.55 3.57 - 17.3
Silver Std Re* SSRI 4740 10.4 8.25 8.42 - 17.3
General Moly* GMO 2204 1.17 0.9 0.96 - 16.5
NovaGold Res* NG 7319 3.67 2.99 3 - 16.4
Tasman Mtls* TAS 648 1.5 1.24 1.29 - 12.8
Paramount Gld* PZG 2610 1.06 0.9 0.9 - 12.6
Ur-Energy* URG 541 1.13 1 1 - 12.2
Eurasian Mnls* EMXX 320 0.99 0.81 0.82 - 12.1

U.S. greatest value change


Company Symbol Change Close Change
Hi-Crush Part* HCLP 256859 42.33 + 1.39
Cabot Corp* CBT 1471644 58.56 + 0.92
Franco-Nevada* FNV 2235163 49.08 + 0.38
Rhino Res* RNO 57035 13.25 + 0.35
Agnico-Eagle* AEM 9728895 32.51 + 0.2
GAMCO Glb Gld* GGN 1877656 10.41 + 0.2
Augusta Res* AZC 64715 2.84 + 0.1
NovaCopper* NCQ 436167 1.16 + 0.05
North Am En P* NOA 166691 7.79 + 0.05
Pretium Res* PVG 1121933 6.57 + 0.05
Agrium* AGU 829331 91.13 - 5.19
Randgold Res* GOLD 2333176 76.49 - 3.41
Royal Gold* RGLD 2420416 64.79 - 2
Silver Std Re* SSRI 4739668 8.42 - 1.77
Molycorp* MCP 54585963 3.05 - 1.71
Mosaic* MOS 10563820 48.46 - 1.47
Soc Quim&M Ch* SQM 2093234 30.12 - 1.44
Consol Energy* CNX 9483715 43.28 - 1.38
Compass Mnls* CMP 550044 90.56 - 1.31
Cliffs Nat Rs* CLF 16112594 17.07 - 1.2


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ALERT: The Rosen Law Firm Announces Class Action Against Molycorp, Inc. – MCP
 



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