Wednesday, February 28, 2018

Ivanhoe Mines - IVN.t

Ivanhoe Mines - IVN.t is advancing the Flatreef Deposit in South Africa, the Kamoa-Kakula copper project in DRC and the Kipushi zinc-copper project, also in the DRC.
On February 26, 2018 the company released News

Robert Friedland, Executive Chairman of Ivanhoe Mines and Lars-Eric Johansson, Chief Executive Officer, announced today that the company has completed an independently verified, updated Mineral Resource estimate for the ultra-high-gradeKakula Discoveryon the Kamoa-Kakula Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo.

The tier-one Kamoa-Kakula Project is a joint venture between Ivanhoe Mines, Zijin Mining and the government of the Democratic Republic of Congo (DRC).











Tuesday, February 27, 2018

Barrick Gold Corporation - ABX.t

Barrick Gold Corporation - ABX.t is the world’s largest gold producer, with a portfolio of 27 operating mines and advanced exploration and development projects located across five continents.

On February 26, 2018 the media released News

The Globe and Mail reports in its Saturday, Feb. 24, edition that CIBC World Markets analyst David Haughton, seeing a dearth of new catalysts, cut Barrick Gold to "neutral" from "outperformer," following its Investor Day event in New York on Thursday. The Globe's David Leeder writes in the Eye On Equities column that Mr. Haughton trimmed his share target to $17 (U.S.) from $20 (U.S.) to reflect "the modest outlook and current spot." Analysts on average target the shares at $17.03 (U.S.). Mr. Haughton says in a note: "Barrick unveiled more details for the core development projects, but fell short on providing a fresh strategy to further unlock the potential of the existing asset portfolio that could carry the company forward with a sustainable production profile. Maintaining investment discipline and profitability is welcomed, but Barrick's valuation looks rich (at 1.8 times NPV [net present value] versus peers at 1.5 times at spot) on the current declining production profile."















http://canadastockjournal.blogspot.com/2014/11/barrick-gold-corporation-abxt.html

Friday, February 23, 2018

Royal Bank of Canada - RY.t

Royal Bank of Canada - RY.t is the largest financial institution in Canada. The bank serves 18 million clients and has 80,100 employees worldwide.

It was incorporated as a Canadian chartered bank in 1869, and has grown to become one of North America's leading diversified financial services companies providing banking, wealth management, insurance and capital markets services on a global basis.
On February 23, 2018 the company released Numbers

Royal Bank of Canada today reported net income of $3,012 million for the first quarter ended January 31, 2018, which includes the impact of the U.S. Tax Reform(1) of $178 million, or $0.12 per share, primarily related to the write-down of net deferred tax assets. Net income was down $15 million from a year ago and diluted EPS(2) of $2.01 was up 2%. Excluding last year’s specified item related to the gain on sale of the U.S. operations of Moneris(3), net income was up 7% and EPS was up 10% from a year ago.










http://canadastockjournal.blogspot.com/2016/02/royal-bank-of-canada-ryt.html