- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Barrick Gold Corp. (NYSE:ABX) stated this morning that the Cerro Casale and Donlin Gold projects do not meet its investment criteria currently, and it will not make a decision to construct them “at this time.” Barrick claims that both projects are in need of large initial capital investments, but the company also said, “They contain large, long life mineral resources in stable jurisdictions, have significant leverage to the price of gold, and therefore represent valuable long-term opportunities for the company. We will maintain and enhance the option value of these projects by advancing permitting activities at reasonable costs which, in the case of Donlin Gold, will take a number of years.” NovaGold (AMEX:NG) is 50 percent owner of the Donlin Gold project. The stock is down 27%, or $1.47, to $3.91 in pre-market trading. The shares closed at $32.73, down $1.07 or 3.17% on the day. They have traded in a 52-week range of $32.88 to $55.95.
Boston Scientific (NYSE:BSX) reports that Q2 Endoscopy sales have risen 7 percent; Q2 Peripheral Interventions sales have increased 7 percent. The shares closed at $4.97, down $0.36 or 6.75% on the day. They have traded in a 52-week range of $5.01 to $7.55.
Carbo Ceramics (NYSE:CRR) reports that its Q2 International Proppant sales volume increased 20 percent. The shares closed at $68.48, down $12.14 or 15.06% on the day. They have traded in a 52-week range of $71.56 to $167.17.
Cash America Interna (NYSE:CSH) announced that its board unanimously approved the withdrawal of Enova International Registration Statement on Form S-1. Initially, the Registration Statement was filed with the SEC on September 15, 2011 regarding a proposed IPO of Enova common stock. The SEC did not declare the Registration Statement, and no securities have been sold in connection with the offering related to the Registration Statement. CEO Daniel Feehan commented on the Enova Registration Statement by saying, “While it is disappointing that the volatility in the IPO market did not provide us with the window of opportunity we desired to launch the Enova IPO, our board is very happy continuing to operate Enova as a wholly-owned subsidiary of Cash America.” The shares closed at $36.69, down $8.43 or 18.68% on the day. They have traded in a 52-week range of $40.02 to $62.33.
Itt Educational Serv (NYSE:ESI) reports that total student enrollment has fallen 15.7 percent to 66,397. as of June 30. The shares closed at $42.78, down $7.65 or 15.17% on the day. They have traded in a 52-week range of $49.91 to $88.20.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.