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TABLE OF CONTENTS Mar 3 - 9, 2014 Volume 100 Number 3 - 0 comments

U.S. equities slip, Feb. 17-21

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2014-02-26

Economic indicators in the U.S. were mixed, with the dollar falling at the start of the week to its lowest level since January and data mid-week showing housing starts in January posted their largest drop in three years, while U.S. factory activity picked up speed. A policy-setting meeting at the U.S. Federal Reserve indicated that staged cuts to the central bank’s bond-buying stimulus would continue. The Dow Jones Industrial Average slipped 0.3% to 16, 103.30 and the S&P 500 lost 0.1% to finish the week at 1,836.25. The Philadelphia Gold & Silver Index climbed 0.9% to 102.88 and the New York spot price for gold ended the week at US$1,326.10 per oz., US$7 per oz. higher than when it began.

BHP Billiton posted the largest gain of the week, jumping US$2.32 per share to US$70.64. The company released financial results for the six months ended Dec. 31, 2013, that showed underlying earnings before interest and taxes increased by 15% to US$12.4 billion and underlying attributable profit jumped by 31% to US$7.8 billion. In addition, a 65% increase in net operating cash flow and a 25% reduction in cash outflows from investing activities led to a US$7.8 billion rise in free cash flow.

Shares of Agrium advanced US$2.27 per share to US$90.53. The company reported consolidated net earnings from continuing operations in the fourth quarter of 2013 reached $110 million, or 74¢ per share, compared with $358 million, or $2.37 per share in the fourth quarter of 2012. Adjusted net earnings after one-offs came in at $126 million, or 87¢ per share. Strong results for its retail division helped generate $1.2 billion in cash flow from operations during the quarter.

Newmont Mining’s shares fell US45¢ to US$23.38 in the wake of fourth-quarter results showing revenue of US$2.2 billion compared with US$2.5 billion in the fourth quarter of 2012. Lower realized prices for gold and copper stung the company’s bottom line with the company reporting a net loss from continuing operations attributable to shareholders of US$2.5 billion, or US$5.06 per basic share, compared with net income from continuing operations of US$1.9 billion, or US$3.80 per share in 2012.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 90230 12 11.21 11.73 + 0.36
Barrick Gold* ABX 61422 21.21 19.68 20.95 + 0.61
Newmont Mng* NEM 54398 24.55 22.71 23.38 - 0.45
Alpha Nat Res* ANR 47941 5.42 5.06 5.19 + 0.13
Kinross Gold* KGC 42679 5.37 4.97 5.24 + 0.02
Hecla Mining* HL 39448 3.76 3.3 3.6 + 0.13
Freeport McMo* FCX 36851 34.1 32.83 33.36 - 0.39
Cliffs Nat Rs* CLF 30075 23.49 21.08 21.97 - 1.04
Arch Coal* ACI 29943 4.35 4.04 4.26 + 0.17
Peabody Enrgy* BTU 28787 17.4 16.5 16.98 + 0.33

U.S. greatest percentage change 


    Volume  
Company Symbol (000s) High Low Close Change
Solitario Ex&* XPL 576 1.6 1.18 1.51 + 27.9
Golden Mnls* AUMN 4492 1.23 0.96 1.1 + 18.2
Loncor Res* LON 217 0.24 0.19 0.22 + 16.2
US Energy* USEG 1659 4.3 3.75 4.11 + 11.3
CVR Partners* UAN 276 19.89 17.55 19.82 + 10.6
Turquoise HIl* TRQ 7061 3.64 3.28 3.59 + 10.4
Vista Gold* VGZ 3560 0.78 0.65 0.73 + 9.9
Silver Bull R* SVBL 1442 0.39 0.34 0.38 + 9.4
Minco Gold* MGH 767 0.55 0.47 0.53 + 8.1
North Am En P* NOA 123 6.74 5.85 6.59 + 7.6
Rubicon Mnls* RBY 9286 1.77 1.26 1.36 - 17.5
Dejour Enterp* DEJ 524 0.19 0.14 0.15 - 15.8
Midway Gold* MDW 880 1.44 1.14 1.23 - 11.5
Intl Tower Hi* THM 204 0.68 0.61 0.61 - 8.6
NovaCopper* NCQ 746 1.42 1.28 1.29 - 8.5
Entree Gold* EGI 331 0.41 0.35 0.37 - 8.5
Almaden Mnls* AAU 763 1.94 1.61 1.69 - 8.1
SilverCrest M* SVLC 3981 2.78 2.32 2.39 - 7.7
Gold Std Vnt* GSV 792 0.69 0.62 0.63 - 7.3
Walter Energy* WLT 3877 11.77 10.3 10.31 - 6.1

U.S. greatest value change


Company Symbol Change Close Change
BHP Billi-BHP* BHP 9608666 70.64 + 2.32
Agrium* AGU 619561 90.53 + 2.27
BHP Billi-BBL* BBL 3381769 65.23 + 2.05
CVR Partners* UAN 275979 19.82 + 1.9
US Silica Hld* SLCA 1325733 31.69 + 1.8
Randgold Res* GOLD 3468463 80.91 + 1.26
Consol Energy* CNX 10974841 39.69 + 1.26
Cabot Corp* CBT 1085280 53.33 + 0.92
Pan Am Silver* PAAS 11230957 15.13 + 0.89
Rio Tinto* RIO 1678004 59.69 + 0.79
Hi-Crush Part* HCLP 139551 37.5 - 1.9
Cliffs Nat Rs* CLF 30074948 21.97 - 1.04
OM Group* OMG 789144 31.38 - 0.87
Teck Res B* TCK 11361629 23.17 - 0.71
Walter Energy* WLT 3876829 10.31 - 0.68
Cameco Corp* CCJ 10009427 21.15 - 0.56
Alamos Gold* AGI 1891769 9.9 - 0.55
Cloud Peak En* CLD 1340976 18.37 - 0.53
Natural Rs Pt* NRP 202846 15 - 0.53
Newmont Mng* NEM 54397531 23.38 - 0.45


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Related Press Releases
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