Market Reports
Sherritt International stock soars on U.S.-Cuba deal, but still business as usual for Canadian firms in Cuba
TORONTO • In the short-term, the diplomatic breakthrough between the United States and Cuba changes very little for Sherritt International Corp. and the dozens of other Canadian companies active in Cuba. But a potential lifting of the U.S. embargo...
Market Reports
Gold hedging slips in Q3, but still healthy for year
For a long time, “hedging” was a very bad word in the gold mining business. But hedging has enjoyed a small-scale revival as prices plummet back to earth. However, activity was muted in the third quarter. A new report...
Market Reports
BHP Billiton downgraded as financial flexibility looks weak
BHP Billiton PLC was downgraded at RBC Capital Markets as a result of its challenging cash flow outlook and doubts about the South32 spinoff. Analyst Timothy Huff lowered his rating on the stock to underperform from sector perform and...
Market Reports
Teck Resources Ltd maintains commitment to dividend as yield reaches 7%
Teck Resources Ltd. maintains it has no plans to cut its $510-million dividend, even as investors send its yield to sky-high levels. The Vancouver-based miner’s stock has been in freefall recently, dropping 36% in the past three weeks amid...
Market Reports
World’s Biggest Miner BHP Shifting Focus to Copper From Iron Ore
The world’s largest mining company BHP Billiton Ltd. (BHP) said it’s shifting the focus of investments in new projects to copper from iron ore to meet demand from China, its biggest customer. “As we go forward, we’re likely...
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