U.S. MARKETS -April 20-26

As Iceland’s volcanic ash storm settled and stranded airline passengers made their way back home, a financial storm brewing over Wall Street captured the news headlines during the April 20-26 reporting period, with Goldman Sachs officials battling fraud charges involving a debt product tied to subprime mortgages. The reporting period was also notable for positive quarterly results from Caterpillar and Ford Motor Co., which pushed the latter’s shares to a five-year high. Overall, the Dow Jones industrial average emerged on the positive side of the ledger, gaining 87.97 points or 0.79% to finish at 11,205.03, while the S&P 500 index rose 167.44 points or 1.38% to 12,280.97. The Nasdaq advanced 22.64 points or 0.91% to close at 2,522.95.

The big gains in mining came from coal, iron ore and potash stocks. Spot prices for coal started moving up last week, taking the share prices of coal companies with them. Coal giant Peabody Energy topped the charts with a US$4.35 gain to US$49.77 per share. Peabody has been in the news lately with an as of yet unsuccessful bid for Macarthur Coal. Consol Energy, the largest underground coal producer in the U.S., advanced US$2.57 to US$45.28 per share, and Alpha Natural Resources, a leading Central Appalachian coal producer, gained US$2.36 to close at US$52.21.

Stronger iron ore and potash prices lifted iron ore giant Cliffs Natural Resources US$4.29 to US$73 per share and Potash Corp. of Saskatchewan, which added US$2.89 per share to close at US$109.64. Both companies will release quarterly results this week.

On the gold front, the Philadelphia Gold and Silver index climbed 4.48 points or 2.67% to 172.49. In New York the spot price for gold rose US$12.60 per oz. to finish at US$1,153 per oz. Agnico-Eagle Mines posted the largest gain, climbing US$2.03 to US$61.16 per share and Goldcorp gained US$1.79 per share to US$40.63.Junior

US Antimony surged 15.3% to close at 60¢ per share as export prices of antimony from China rose above US$9,000 per tonne FOB on tight supply.

U.S. most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Alcoa* AA 127390 14.29 13.50 14.05 + 0.33
Freeport McMo*FCX 74133 82.20 76.54 80.40 -0.40
Hecla Mining* HL 47885 6.00 5.52 5.89 + 0.33
Barrick Gold* ABX 33984 40.84 38.80 40.46 + 1.32
Goldspring* GSPG 33572 0.01 0.01 0.01 0.00
Massey Energy* MEE 33222 45.35 41.30 43.61 -0.80
Consol Energy* CNX 30945 45.50 42.09 45.28 + 2.57
Peabody Enrgy* BTU 30169 50.25 44.85 49.77 + 4.35
Goldcorp* GG 29070 40.90 38.78 40.63 + 1.79
Teck B* TCK 28592 44.61 40.85 43.05 + 1.30
U.S. greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Legend Intl H* LGDI 2418 1.26 0.97 1.20 + 20.0
Commerce Grp* CGCO 48 0.07 0.05 0.07 + 16.6
Fischer-W Gld* FWGO 271 0.07 0.05 0.07 + 16.6
US Antimony* UAMY 240 0.60 0.50 0.60 + 15.3
New Gold* NGD 17353 5.96 5.15 5.93 + 15.3
Paramount Gld* PZG 4755 1.87 1.60 1.80 + 12.5
Geovic Mng* GVCM 707 0.89 0.77 0.82 + 12.3
Puda Coal* PUDA 105 11.00 9.62 10.75 + 11.7
NWT Uranium* NWURF 483 0.21 0.17 0.21 + 10.5
PlatinumGpM* PLG 255 2.88 2.37 2.65 + 10.4
World Vent* WVNTF 225 0.06 0.02 0.05 -28.5
Yellowcake Mg* YCKM 84 0.04 0.03 0.03 -25.0
Alberta Star * ASXSF 550 0.62 0.45 0.47 -14.5
Grandview Gld* GVGDF 66 0.09 0.07 0.07 -12.5
Caledonia Mng* CALVF 345 0.08 0.06 0.07 -12.5
America West* AWSR 328 0.14 0.09 0.09 -10.0
Pac Booker Mn* PBM 13 9.90 8.70 8.75 -9.5
Cream Mnrls* CRMXF 160 0.11 0.09 0.10 -9.0
Patriot Gold* PGOL 265 0.32 0.24 0.24 -7.6
Contintl Mnls* KMKCF 305 2.26 2.06 2.09 -7.1
< td>Buenaventura*
U.S. greatest value change
WEEK
VOLUME CLOSE CHANGE
Peabody Enrgy* BTU 30168990 49.77 + 4.35
Cliffs Nat Rs* CLF 26433541 73.00 + 4.29
Potash C Sask* POT 25042800 109.64 + 2.89
Consol Energy* CNX 30944567 45.28 + 2.57
Alpha Nat Res* ANR 15433613 52.21 + 2.36
ASA (Bermuda)* ASA 60227 82.15 + 2.21
Agnico-Eagle* AEM 8274261 61.16 + 2.03
Arch Coal* ACI 27729416 27.96 + 1.89
Compass Mnls* CMP 467200 79.17 + 1.81
Goldcorp* GG 29070362 40.63 + 1.79
Mechel* MTL 6170800 26.32 -1.84
Mosaic* MOS 24690466 52.19 -1.00
Pac Booker Mn* PBM 12500 8.75 -0.92
BVN 4899683 30.66 -0.85
Massey Energy* MEE 33222315 43.61 -0.80
Rio Tinto* RTP 3212006 234.31 -0.74
Vale* VALE 22997900 32.32 -0.66
BHP Billi-BBL* BBL 9884722 66.23 -0.58
Cameco Corp* CCJ 8443746 25.47 -0.51
Freeport McMo* FCX 74133370 80.40 -0.40
Print

 

Republish this article

Be the first to comment on "U.S. MARKETS -April 20-26"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close