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TABLE OF CONTENTS May 12 - 18, 2014 Volume 100 Number 13 - 0 comments

U.S. markets gain on jobs data, April 28-May 2

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2014-05-07

U.S. markets finished April strong, with all three major indexes posting gains for the period. The Dow Jones Industrial Average was up 149 points to 16,512.89 points, the S&P 500 Index gained 16 points to 1,881.14 points and the Nasdaq in turn secured 32 points to finish up at 4,123.90 points for the period. 

The renewed strength was largely attributable to a surprise on the upside on the jobs market. Analysts called the announcement of 288,000 new jobs in the U.S. a “blowout” number, beating the consensus forecast of 210,000. The unemployment rate dropped to 6.3% — its lowest since before the 2008 recession. 

While markets rode high on jobs numbers, U.S. Silica Holdings rode high on the wave of U.S. shale gas. The company produces shale gas sand, whose demand from horizontal drilling has surged in recent years. Already up 32% year-to-date, the company’s stock was up 14% for the period to US$46.73. The latest surge came on the back of first-quarter results that showed demand rising 45% year-over-year to 1.3 million tonnes, which translated into revenues rising 47% year-over-year and profits rising 6% year-over-year to US34¢ per share. The company expects demand will grow by 25%, and is adding to its production capacity in anticipation of demand rising until 2021.  

Coal producer Alpha Natural Resources was the period’s most actively traded mining stock, with 106.1 million shares changing hands. The stock rose 10% to finish the period at US$4.63 and the company reported earnings of US7¢ per share for the first quarter, although the consensus forecast was a US58¢-per-share loss. This time last year the company reported a US47¢-per-share loss.

Golden Minerals was the period’s worst-performer, losing 16% of its share value to fall to US65¢. The drop came after a $5.7-million net loss  in the quarter compared to a $6.3-million net loss  in first-quarter 2013.

Peabody Energy saw its shares climb 82¢ to US$18.82 for the period, despite a suit being brought to courts in Europe by the World Wildlife Fund. The WWF is suing Peabody for false advertising as it claims the company’s recent marketing campaign incorrectly portrays burning coal as an environmentally friendly way to solve the developing world’s energy issues.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alpha Nat Res* ANR 106099 4.73 4.12 4.63 + 0.43
Alcoa* AA 75409 13.89 13.05 13.72 + 0.39
Barrick Gold* ABX 63303 18.68 17.05 17.4 - 0.49
Peabody Enrgy* BTU 47917 19.35 17.86 18.82 + 0.82
Newmont Mng* NEM 46797 25.39 24.33 24.72 - 1.73
Freeport McMo* FCX 38494 34.95 33.51 34.68 + 0.67
Kinross Gold* KGC 30960 4.18 3.99 4.12 - 0.06
North Am Pall* PAL 28888 0.3 0.25 0.26 - 0.04
Arch Coal* ACI 28343 4.88 4.31 4.72 + 0.31
Potash C Sask* POT 26145 36.6 35.49 36.57 + 0.85

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
US Silica Hld* SLCA 1829 47.69 40.13 46.73 + 14.2
Tasman Mtls* TAS 512 1.5 1.3 1.48 + 12.9
Mechel* MTL 1378 2.1 1.82 2.05 + 12
Agnico-Eagle* AEM 12826 32.43 28.57 32.31 + 11.2
Alpha Nat Res* ANR 106099 4.73 4.12 4.63 + 10.2
Compass Mnls* CMP 629 92.2 82.96 91.87 + 9.8
PolyMet Mng* PLM 1092 1.28 1.17 1.25 + 8.7
Alliance Rs P* ARLP 581 94.98 88 93.88 + 8.3
Silver Bull R* SVBL 356 0.33 0.3 0.33 + 8.2
Mines Managem* MGN 390 1.37 1.23 1.33 + 8.1
Golden Mnls* AUMN 760 0.76 0.65 0.65 - 16.2
North Am Pall* PAL 28888 0.3 0.25 0.26 - 14.7
Northern Dyn* NAK 1334 0.83 0.67 0.69 - 14.2
SinoCoking Cl* SCOK 118 1.2 1 1.05 - 11.6
Eurasian Mnls* EMXX 214 1.06 0.91 0.94 - 11.6
Ur-Energy* URG 809 1.29 1.11 1.14 - 10.9
Augusta Res* AZC 75 3.04 2.72 2.74 - 10.4
Uranium Res* URRE 908 2.87 2.45 2.51 - 10.3
Thompson Crk* TC 1209 2.89 2.59 2.6 - 10
Banro* BAA 4577 0.48 0.42 0.44 - 9.3

U.S. greatest value change


Company Symbol Change Close Change
Compass Mnls* CMP 629257 91.87 + 8.23
Alliance Rs P* ARLP 581491 93.88 + 7.27
US Silica Hld* SLCA 1829404 46.73 + 5.81
Agnico-Eagle* AEM 12826013 32.31 + 3.26
Agrium* AGU 395432 96.32 + 2.11
Consol Energy* CNX 18004412 44.72 + 1.82
Hi-Crush Part* HCLP 241409 40.94 + 1.44
Intrepid Pots* IPI 1164492 16.99 + 1.1
Franco-Nevada* FNV 2610528 48.7 + 1.02
Potash C Sask* POT 26144538 36.57 + 0.85
Newmont Mng* NEM 46796671 24.72 - 1.73
Cameco Corp* CCJ 16483701 21.06 - 1.28
Minas Buenavn* BVN 11207053 11.61 - 1.13
OM Group* OMG 1156574 29.84 - 1.12
Rhino Res* RNO 121112 12.9 - 1
Cloud Peak En* CLD 2004799 20.01 - 0.87
BHP Billi-BHP* BHP 7943832 69.89 - 0.86
Stillwater Mg* SWC 9951128 15.44 - 0.6
Barrick Gold* ABX 63302701 17.4 - 0.49
Rio Tinto* RIO 2445908 54.61 - 0.45


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