The week s most oversold and overbought stocks on the TSX theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
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Inside the Market’s roundup of some of today’s key analyst actions
Though he thinks its US$1.68-billion acquisition of
TC Pipelines LP (TCP-N) “does not move the needle in terms of upside,” Industrial Alliance Securities analyst Elias Foscolos raised his rating for TC Energy Corp. (TRP-T) to “strong buy” from “buy” based on its recent trading price.
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Top picks to ride the next surge in mining stocks. Plus, why the tech-fuelled IPO mania on Wall Street has dangerous echos of 20 years ago Published December 14, 2020 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Citi analyst Ephrem Ravi is extremely bullish on global mining stocks, but he warns that investors will have to be cautious about harvesting returns from the profit resurgence in the sector.
Mr. Ravi’s 2021 earnings estimates for European-based miners are currently 27 per cent above consensus. He expects numerous increased profit estimates in the next 60 days as analysts recognize the strong upward trend in cash flow generation in the industry. He estimates that stock prices for the sector as a whole will rise more than 20 per cent before the
Global Copper Miner Distills New Year Vow to Two Words: Cut Debt
Bloomberg 12/11/2020 Steven Frank
(Bloomberg) Even as copper pierces seven-year highs, First Quantum Minerals Ltd. is pushing into the new year with plans that hinge on one unsexy goal: cutting debt.
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The top-10 copper producer is emerging from a rocky seven years that included disputes with the government in Zambia, where it has two mines, rising debt that peaked at close to $9 billion this year, and strains from building a $6.7 billion project in Panama. Now the plan is to get its Central American mine, Cobre Panama, running full out to benefit the whole company.
Bullish on Copper? Consider Antofagasta Stock investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.