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TABLE OF CONTENTS Mar 17 - 23, 2014 Volume 100 Number 5 - 0 comments

US stocks up on strong jobs data, March 3-7

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2014-03-12

U.S. equities ended the trading week in positive territory, lifted by strong jobs data. The Labor Department reported that U.S. employers created 175,000 jobs in February, above the expected 149,000 positions.

The Dow Jones Industrial Average soared 131.01 points to 16,452.72. The broader S&P 500 Index rose 18.59 points to 1,878.04, while the tech-heavy Nasdaq Composite Index jumped 28.1 points to 4,336.22.

The spot gold price advanced US$10.90 per oz. to US$1,339.50, with geopolitical risk increasing after the Russian military invaded Ukraine’s Crimea region. The Philadelphia Gold & Silver Index added 1.09 points to 100.64.

North American Palladium was the week’s percentage winner and second most actively traded stock on no major news. The precious metals producer jumped nearly 25% to US48¢ on 68.4 million shares traded. The Toronto-based firm, which is operating its Lac des Îles mine in Ontario, said it has postponed the shareholders’ meeting for a public offering of 7.5% convertible debentures and associated warrants to later this month.

Last year, the Lac de Îles mine produced 135,158 oz. payable palladium at total cash costs of US$560 per oz. This year it could produce 170,000 to 175,000 oz.

Fertilizer giant Agrium was the top value gainer, adding US$3.76 per share to end at US$96.04. Salman Partners analyst Raymond Goldie attributed the rise in Agrium’s share price to stronger nitrogen prices, as nitrogen is a key part of Agrium’s business. In late February, Agrium said it had approved a US$720-million expansion of its nitrogen facility in Borger, Texas.

Alcoa was the most heavily traded stock with 130.8 million shares traded, closing at US$12.16, up US42¢. The lightweight metal producer named Aquilino Paolucci, vice-president of business development for Latin America, as president of Alcoa Latin America and the Caribbean, effective March 1. Paolucci replaces the retiring Franklin Feder. BMO analyst Tony Robson has a US$7 target and an “underperform” rating on Alcoa, which previously focused on producing aluminum.

U.S. most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Alcoa* AA 130880 12.36 11.46 12.16 + 0.42
North Am Pall* PAL 68417 0.56 0.39 0.48 + 0.1
Alpha Nat Res* ANR 65689 5.51 4.79 4.8 - 0.57
Freeport McMo* FCX 59920 34.21 32.03 32.19 - 0.43
Kinross Gold* KGC 55316 5.4 4.85 4.89 - 0.33
Barrick Gold* ABX 53456 21.02 19.71 19.91 - 0.47
Gold Fields* GFI 44661 3.9 3.54 3.77 + 0.1
Cliffs Nat Rs* CLF 44236 19.78 18.5 18.65 - 1.38
Newmont Mng* NEM 43604 25.08 23.28 24.6 + 1.34
Molycorp* MCP 41424 5.46 4.83 4.97 - 0.25

U.S. greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
North Am Pall* PAL 68417 0.56 0.39 0.48 + 24.8
Intl Tower Hi* THM 775 1.02 0.64 0.82 + 24.2
Mines Managem* MGN 1993 1.8 1.39 1.68 + 23.5
Tasman Mtls* TAS 1539 1.36 1.03 1.27 + 18.6
Quest Rare Mn* QRM 4838 0.71 0.48 0.58 + 16
PolyMet Mng* PLM 2806 1.36 1.13 1.31 + 14.9
Golden Star* GSS 13390 0.89 0.73 0.82 + 13.1
Uranerz Energ* URZ 6590 1.97 1.68 1.89 + 11.1
Stillwater Mg* SWC 19262 15.16 13.54 14.98 + 10.6
Intrepid Pots* IPI 1111 16.78 14.73 16.37 + 10.5
Loncor Res* LON 261 0.27 0.17 0.19 - 21.5
Silvercorp Mt* SVM 1684 2.63 2.25 2.26 - 11
Alpha Nat Res* ANR 65689 5.51 4.79 4.8 - 10.6
Dejour Enterp* DEJ 306 0.15 0.14 0.14 - 9.8
Vale* VALE 22819 14.09 13.01 13.04 - 7.9
Eurasian Mnls* EMXX 249 1.16 1.05 1.05 - 7
Cliffs Nat Rs* CLF 44236 19.78 18.5 18.65 - 6.8
Kinross Gold* KGC 55316 5.4 4.85 4.89 - 6.3
Yanzhou Coal* YZC 955 7.1 6.62 6.68 - 5.1
Rio Tinto* RIO 1970 56.6 52.81 53.39 - 5

U.S. greatest value change


Company Symbol Change Close Change
Agrium* AGU 786315 96.04 + 3.76
Randgold Res* GOLD 4294725 81.85 + 2.81
US Silica Hld* SLCA 1040319 35.28 + 2.48
Amcol Intl* ACO 522987 46.66 + 2.28
OM Group* OMG 1345460 33.74 + 2.14
Compass Mnls* CMP 187215 87.18 + 1.83
Soc Quim&M Ch* SQM 9144966 32.48 + 1.68
Intrepid Pots* IPI 1111260 16.37 + 1.56
Stillwater Mg* SWC 19262324 14.98 + 1.44
Potash C Sask* POT 34468467 34.69 + 1.4
Rio Tinto* RIO 1969869 53.39 - 2.81
Cliffs Nat Rs* CLF 44236423 18.65 - 1.38
BHP Billi-BBL* BBL 2784737 61.83 - 1.17
Vale* VALE 22819034 13.04 - 1.13
BHP Billi-BHP* BHP 11144269 66.71 - 1.01
Alliance Rs P* ARLP 256489 85.22 - 0.94
Peabody Enrgy* BTU 36675938 16.69 - 0.87
MDU Res* MDU 2815578 33.11 - 0.85
Mesabi Trust* MSB 140155 21.43 - 0.79
Tahoe Res* TAHO 154849 22.84 - 0.58


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U.S. equities end the week higher, Oct. 20-24
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Related Press Releases
North American Palladium Announces Third Quarter 2014 Results
Agrium Announces Third Quarter Results and Dividend Increase
North American Palladium to Host Third Quarter 2014 Results Conference Call & Webcast on November 5, 2014
 

Properties in This Story

Lac des Iles Mine



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