Stocks In Focus (HL, MT, TRQ, MU, VMED)
NEW YORK, December17,2012 (MESHPRESS) – Csrnewsdaily.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following stock:-
Hecla Mining Company(NYSE:HL) shares increased 2.87% to $5.73. The company said it has entered into an agreement to acquire 14 million shares of a resource exploration company based in Canada for about $2.5 million. The acquisition will give Hecla control over approximately 15% of the outstanding common shares of Canamex Resources Corp. Hecla will appoint one representative to Canamex’s board of directors and will provide technical assistance.
Can HL Extend Rally? Find Out Here
ArcelorMittal (ADR)(NYSE:MT) shares increased 2.85% and closed at $16.94. The U.S. Court of Appeals for the Federal Circuit ruled that a new trial is required in the patent infringement lawsuit brought by ArcelorMittal (MT) against AK Steel (AKS) and Severstal. The appeals court determined that the lower court’s claim construction error prevented the jury from properly considering ArcelorMittal’s evidence. The patent at the center of the suit covers boron steel sheet with an aluminum-based coating applied after rolling the sheet to its final thickness, according to a court filing. The process is used in the manufacture of automobile parts.
Can MT Extend Gain? Find Out Here
Turquoise Hill Resources Ltd (USA)(NYSE:TRQ) shares jumped 2.85% and closed at $7.93. The company announced its financial results for the quarter ended September 30, 2012. The company recorded a third quarter net income of $114.3 million ($0.12 per share), compared to net income of $7.3 million ($0.01 per share) in Q3”11, which was a change of $107.0 million.
The company’s cash position, on a consolidated basis at September 30, 2012, was $1.7 billion. As at November 14, 2012, Turquoise Hill’s consolidated cash position was approximately $1.5 billion.
How Should Investors Trade TRQ Now? Find Out Here
Micron Technology, Inc.(NASDAQ:MU) shares increased 2.85% to $6.85 in yesterday’s session after RBC Capital reiterated their outperform rating on shares of Micron in a research report sent to investors last week. The firm currently has a $9.00 price target on the stock. Separately, investment analysts at Cross Research began coverage on shares of MU and the firm set a “buy” rating and a $8.00 price target on the stock.
Can MU Extend Gain? Find Out Here
Virgin Media Inc.(NASDAQ:VMED) shares jumped 2.82% to $36.07 in the last trading session. The company announced the next phase of its Capital Return programme. Virgin Media’s results over recent years have demonstrated our ability to grow revenue, control costs, refinance debt and generate cash. Since beginning our share repurchase programme in July 2010, we have repurchased 73 million shares of common stock for £1.127bn, representing around 22% of our share count at that time.
Additionally, VMED‘s stock had its “underperform” rating reaffirmed by research analysts at Bank of America in a report released on Friday. They currently have a $25.00 target price on the stock, up from their previous target price of $24.00.
Can VMED Extend Gain? Find Out Here
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