Mining industry

Stocks Expected to Move During Thursday's Trading Session

Strategic Insights

Jul 29, 2009 — 1 min read

Barrick Gold Corp. reported a decrease in adjusted earnings due to a foreign exchange loss, despite beating analyst estimates. The company's revenue rose to $2.03 billion, driven by higher production and prices. In contrast, Goldcorp Inc. posted a second-quarter loss of 32 cents a share, excluding items, just below the Thomson Reuters mean estimate. Canadian Pacific Ltd. saw a decline in operating earnings, but managed to surpass analyst expectations. Petro-Canada reported a decrease in operating earnings and cash flow due to lower prices and volumes.

Key Takeaways:

Barrick Gold Corp.'s second-quarter adjusted earnings fell to 49 cents a share from 51 cents, beating analyst estimates of 38 cents.
Goldcorp Inc. posted a second-quarter loss of 32 cents a share, excluding items, just below the Thomson Reuters mean estimate of 15 cents.
Canadian Pacific Ltd. operating earnings in the second quarter fell to 59 Canadian cents a share from 97 Canadian cents, beating the Thomson Reuters mean estimate of 34 Canadian cents.
Petro-Canada second-quarter operating earnings fell to 20 Canadian cents a share from C$2.38, hurt by lower prices and volumes.
Credit Suisse's analysts reduced their target price for Barrick Gold Corp. due to a decrease in operating earnings.
The company's revenue rose to $2.03 billion, driven by higher production and prices.

Statistics:

Barrick Gold Corp.'s second-quarter adjusted earnings fell by 1.96% to 49 cents a share.
Goldcorp Inc.'s second-quarter loss of 32 cents a share was a decrease of 100% from the same period last year.
Canadian Pacific Ltd.'s operating earnings in the second quarter fell by 38.69% to 59 Canadian cents a share.
Petro-Canada' second-quarter operating earnings fell by 92.84% to 20 Canadian cents a share.
The Thomson Reuters mean estimate for Barrick Gold Corp.'s adjusted earnings was 38 cents.
The Thomson Reuters mean estimate for Goldcorp Inc.'s adjusted earnings was 15 cents.

Sources:

(C) 2009 Dow Jones & Company, Inc.
Dow Jones Commodities News Select via Comtex
Comtex SmarTrend Alert
www.mysmartrend.com

The End of American Hypergrowth

For two centuries, the US economy grew by adding workers. That's over.

Healthcare's $5.3 Trillion Drag

How Medical Spending Became America's Biggest Productivity Tax

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Researchers at the Wuhan University of Technology in China have made significant progress in the field of nanotechnology, specifically in the area of nanoindentation. A novel electromagnetic shock treatment (EST) method has been developed to enhance the microscale mechanical properties of a titanium alloy, with promising results obtained through array-based

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients

Research investigators at the Zhengzhou Central Hospital Affiliated to Zhengzhou University have made groundbreaking discoveries on the role of gut microbiota in determining the efficacy of immunotherapy for colon cancer patients. The study, which was recently published in Biochimica et Biophysica Acta, reveals that specific bacterial species and microbial metabolites

Read more

The End of American Hypergrowth

Healthcare's $5.3 Trillion Drag

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients