Gold erased this year's gains, dragging gold mining stocks as much as 6 percent lower, as the dollar soared on a gangbusters labor report.» Read More
Stocks finished at session lows Monday, posting their sharpest one-day drop this year, as disappointing economic data from China triggered a selloff in commodities.
Take a look at some of Monday's midday movers:
*UBS raises Barrick Gold target price to $52 from $46; rating buy. *UBS raises Rainy River Resources Ltd price target to C $7 from C $6;. rating buy* UBS raises Centerra Gold target price to C $17 from C $15.5; rating buy.
TORONTO, Oct 10- Kinross Gold Corp said Wednesday its chief financial officer, Paul Barry, will leave the company, just two months after the Canadian miner replaced its chief executive. Barry, who joined Kinross in March 2011, will leave to pursue other interests, but will remain in his role until a replacement has been found, the company said.
Oct 10- Kinross Gold Corp:. *Source text: Kinross Gold Corporation today announced that Executive Vice-President and Chief Financial Officer Paul H. Barry will be leaving the Company and pursuing other interests.
*Canaccord Genuity raises Kinross Gold target price to $13; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Gold hit a 2012 closing high of $1,796.50 per ounce on Oct. 4. Although prices have fallen since, several analysts expect gold to hit or top $1,800 an ounce in 2013..
NEW YORK-- The finance chief of Kinross Gold Corp. is resigning to pursue other interests. The Toronto gold mining company said Tuesday that it has begun a search for Paul H. Barry's replacement. Shares of Kinross Gold rose 3 cents, to $10.45 in afternoon trading.
U.S. crude oil futures settled down nearly $2 a barrel as signs this week of slowing in the manufacturing and services sectors in Europe and China continued to weigh on investor sentiment. ,down 0.5 percent to C $33.00, Canadian Natural Resources, down 1.6 percent to C $30.22 and Encana Corp, off 2.6 percent to C $21.27.
TORONTO, Oct 5- Toronto's main stock index backed away from its highest level in nearly three weeks on Friday as concerns about weakness in the global economy hurt commodity prices, countering unexpectedly strong North American jobs data.
TORONTO, Oct 5- Toronto's main stock index rose to a two-week high on Friday as unexpectedly strong North American jobs data supported demand for riskier assets. In Canada, the economy added 52,100 jobs in September, more than five times the consensus figure analysts had expected, and bolstering the Bank of Canada's case for an eventual interest rate rise.
Oct 2- Kinross Gold Corp:. *RBC raises Kinross Gold Corp to outperform from sector perform. *RBC raises Kinross Gold Corp price target to $14 from $11.
Oct 1- Kestrel Gold Inc:. *Exploration results obtained to date do not outweigh the economic and. political risks in taking the project forward.
Oct 1- Kinross Gold Corp:. *Dundee capital markets raises Kinross Gold Corp to buy from neutral;. raises price target to C $13.00 from C $9.50.
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The bulls targeted Kinross Gold early on Friday and kept buying all session.
Take a look at some of Thursday's midday movers:
Gold gave up all of its 2012 gains Monday, as the U.S. dollar strengthened for the eleventh consecutive session and posted its longest winning streak since August 2008.
Kinross Gold bounced from its lowest price since late 2008, and traders are stepping in to buy upside calls.
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