Some of the names on the move ahead of the open.» Read More
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.
It's 13F season. Find out which moves the pros find most noteworthy!
Newmont Mining attracted upside option activity yesterday for the the second time in a week as traders continue to make bets that the recent slide in gold is reversing.
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On Wednesday, chatter on the floor had everything to do about how to trade gold after Blackrock’s Larry Fink made bullish comments about the miners.
Stocks rallied strongly in the final hour Wednesday, logging a three-day gain, after hovering near the flat line for most of the session, but investors remained cautious ahead of Federal Reserve Chairman Ben Bernanke's Jackson Hole speech at the end of week.
Despite the recent robust gains in gold prices, expect the rally to continue well into 2012, said Paul Sacks, principal gold trader at Aurum Options Strategies.
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous.
What follows is a roundup of corporate earnings reports for Tuesday, May 3.